MIRA
INFORM REPORT
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Report Date : |
16.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
LEGEND JEWELRY CO LTD |
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Registered Office : |
Unit M 4FL Kaiser Estate - Phase 3 9-11
Hok Yuen St, Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
JUNE
18, 1992 |
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Com. Reg. No.: |
363054 |
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Legal Form : |
Private |
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Line of Business : |
Exporting
of precious jewelry. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
50,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
LEGEND JEWELRY CO LTD
UNIT M 4FL KAISER ESTATE - PHASE 3 9-11 HOK YUEN ST
HUNGHOM KOWLOON HONG KONG,
TEL: 852-23302362
FAX: 852-23654493
EXECUTIVE SUMMARY
INCORPORATION
DATE : JUNE 18, 1992
REGISTRATION
NO. : 363054
LEGAL
FORM : PRIVATE
CHIEF
EXECUTIVE : MR. PATRICK
WING-TONG LUK (CHAIRMAN)
STAFF
STRENGTH : 35
CAPITAL : US$ 128,700
BUSINESS
LINE : EXPORTER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
CREDIT RANGE : USD 50,000
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : STABLE
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : HKD 7.79889 =
US$1 AS OF 2007-1-15
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hong Kong Dollars
*Company
History*
===============
1 July,
1992 - Established as a 100%
jewelry export and manufacturing organization.
1995 - China Factory in
operation (Kunming) began with 400 workers, by year 2001 have
increased to 1,000 workers.
1997 - Established the North
America office in New York to further improve the company's
distribution channel and customer
services.
2002 - Transition to a brand
new factory in China (Panyu) which equips with latest
machinery and is rated among one of the largest and best of its kind in
China.
*Company
Registration*
===================
(1)
License
number : 363054
Date
issued : 18 June, 1992
Issuing
authority : Companies Registry
Tye of
license : Corporate
Legal
form : Private Limited Company
(2)
License
number : 15824758
Issuing
authority : Inland Revenue Department
Tye of
license : Business
*Office
& Facilities*
===============
Other
e-mail : legendhk@netvigator.com
*Capital
Details*
=============
Authorized
capital : HKD 1,000,000 divided into 1,000,000 ordinary shares at HKD 1.00/-each
*Approved
Signatures*
===================
Mr.
Wing-tong Luk can sign on behalf of the company with seal affixed.
*Reputation*
==========
Reference
checking for the purpose of establishing the firm's reputation within the
respective industry failed to reveal any negative information.
www.legendhk.com The design is professional and
the content is well organized. At present it is in English version.
E-mail: mktg.mc@legend-jewelry.com
For the
past two years there is no record of litigation.
*Major
Shareholders*
===================
Total
number of shareholders : 4
Total
number of ordinary shares : 1,000,000
Shareholders'
name No. of ordinary
shares Amount of shares (HKD) % of Shares
--------------------------
----------------------------- --------------------------------- ----------------
Mr.
Patrick Wing-tong Luk
535,000
535,000.00
53.50
Mr.
Wai-tong Luk 155,000 155,000.00 15.50
Mr.
Yum-tong Luk
155,000
155,000.00
15.50
Mr.
Benjamin Kam-tong Luk 155,000 155,000.00 15.50
*Directors'
Details*
===============
(1)
Mr.
Man-kam Chiu
HKID no
: G-086257(5)
Address : Unit M 4Fl, 11 Hok Yuen St Hunghom Kowloon
Hong Kong
(2)
Mr.
Wai-tong Luk
Founder : Co-Founder
HKID no
: E-483242(A)
Address : Unit G 15Fl Whampoa Garden - Block 5 Site
3 Hunghom Kowloon Hong Kong
(3)
Mr.
Benjamin Kam-tong Luk
Founder : Co-Founder
HKID no
: E-289966(7)
Address : 19A Queens Heights Shatin 33 Fotan New
Territories Hong Kong
(4)
Mr.
Yum-tong Luk
Founder : Co-Founder
HKID no
: E-362855(1)
Address : House 22 Stage 1 Sai Kung New Territories
Hong Kong
*Company
Secretary*
=================
SMART
FORTUNE CONSULTANTS LTD
License
number : 392466
Address : Rm 1109, 11Fl Yat Chau Int'l
Plaza 118 Connaught Rd West
Management:
Mr. Patrick Wing-tong Luk, Managing Director
Name Nationality
Job Description
Mr.
Patrick Wing-tong Luk Hong Kong Managing Director
*Key
Personnel*
============
Mr.
Patrick Wing-tong Luk
Founder : Co-Founder
HKID
no : G-157475(1)
Address : Unit M 4Fl, 11 Hok Yuen St
Hunghom Kowloon Hong Kong
Award : Won the Young
Industrialist Award of Hong Kong
Responsbilities : Handles the overall management of the
company.
Other
details : Elected as the
Chairman of The Hong Kong Jewelry Manufacturers' Association
from year 2001 to 2003
*Main
Products & Services*
=====================
Specializes
in exporting of precious jewelry.
Products:
Color stones
Color, gem stones
Diamond
Jewelry
Jewelry and precious stones
*Payment
Terms*
=============
Sales
------
Export :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Associations*
=============
Member
of the following associations:
- Hong
Kong General Chamber of Commerce
- Hong
Kong Jewelry Manufacturers' Association
- Hong
Kong Trade Development Council
*Competitors*
===========
The
following three locally based companies supply similar range of products:
1.
POLARIS JEWELLERY MANUFACTURER LTD
2. CHUNG
FAT JEWELLERY LTD
3.
RITONE JEWELRY LTD
*Awards*
========
Received
the following awards:
(1)
Award : "Certificate of Merit in
Export Marketing"
Awarded
by : Hong Kong Trade Development
Council
Year : 2001
(2)
Award : Supplier Award of Excellence
Awarded
by : Sam's Club, a division of the
largest retail chain "Wal-Mart" in United States
Year : 2004
(3)
Award : Supplier of the Year
Awarded
by : Sam's Club, a division of the
largest retail chain "Wal-Mart" in United States
Year : 2005
Other
awards:
Year Competition
Group Prize
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1999 The Buyers Favorite Diamond
Jewelry Design Competition 2002
Necklace Silver
2000 The Buyers Favorite Diamond
Jewelry Design Competition 2002
Bracelet Silver
2001 The 4th Buyers Favorite
Diamond Jewelry Design Competition 2002
Ring Gold
2001 The 4th Buyers Favorite
Diamond Jewelry Design Competition 2002
Bracelet Gold
2002 The 5th Buyers Favorite
Diamond Jewelry Design Competition 2002
Earrings Bronze
2002 The 5th Buyers Favorite
Diamond Jewelry Design Competition 2002
Bracelet & Brooch Bronze
2004 The 6th Buyers Favorite
Diamond Jewelry Design Competition 2004
Necklace Gold
2004 The 6th Buyers Favorite
Diamond Jewelry Design Competition 2004
Bangle Gold
2004 Merit Awards of The 5th
Hong Kong Jewellery Design Competition
Ring Merit Awards
2005 The 7th Buyers Favorite
Jewelry Design Competition 2005 Pendant & Brooch Gold
2005 The 7th Buyers Favorite
Jewelry Design Competition 2005 Pendant & Brooch Gold
*Exhibition
Participation*
===================
Exhibition
fair : Hong Kong Int'l Jewelry
Manufacturers Exhibition
Date
attended : 6-9 March, 2000
Location : Hongkong Convention &
Exhibition Centre
Scheduled
exhibition:
----------------------------
Exhibition/Fair
: HK Int'l Jewelry Show 2007
Date
attended : 6-10 March, 2007
Location : Hong Kong
*Local
Distribution Network*
=======================
There is
no record of local sales since the prime focus of the firm's activity is concentrated
on exports only.
*Export
Markets*
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100% of
the annual turnover is attributed to export.
International
Exhibition Participation*
===========================
Scheduled
exhibition:
Date Show
Name Country/Region
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14-21
January, 2007 VicenzaOro 1 Italy
21-23
January, 2007 JA Int'l Jewelry
(Winter) Show New York
4-6
February, 2007 JCK NYC
Invitation, New York New
York
12-19
April, 2007 Basel 2007
Switzerland
12-16
May, 2007 VicenzaOro 2 Italy
*(Subsidiaries,
Joint-ventures & Affiliates)
===============================
Company
Name : LEGEND JEWELRY CO LTD
Global
Identifier : P0892443
Address
: Suite 3101, 580 Fifth Ave New York 10036 New York USA
Country
: USA
Relationship
: Subsidiary
Legal
Form : Private Limited Company
Company
Type : Trader
Industry
: Giftware & Jewellery
Company
Name : LEGEND JEWELRY CO LTD
Global
Identifier : P0892451
Address
: Hao Gang Rd Panyu Hsien Guangzhou 511470 Guangdong China
Country
: China
Relationship
: Subsidiary
Legal
Form : Private Limited Company
Company
Type : Manufacturer
Industry
: Giftware & Jewellery
Company
Name : LEGEND JEWELRY CO LTD - MARKETING OFFICE
Global
Identifier : P0892430
Address
: Avenida Xian Xing hai S/N Edf Zhu juan CC 13 Andar K Nape Macau
Country
: Macau
Relationship
: Subsidiary
Legal
Form : Private Limited Company
Company
Type : Trader
Industry
: Giftware & Jewellery
*Subsidiaries,
Joint-ventures & Affiliates*
=================================
Maintains
well-equipped and large-scale production facility in China (16,000 sq m),
deploying the latest technology and a strong production team of over 1,800
workers.
PAYMENT RATING : 3 OBTAINED SCORES : 58
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The
rating indicates the payment pattern of SC based upon our Payment Database,
comments from suppliers of SC, information from banks (if available), as well
as industrial sources.
Dealings on open terms may be possible for
MODERATE amounts depending on individual judgement experience.
Bank
Name : HONGKONG & SHANGHAI BANKING CORP LTD
SWIFT
Code : HSBCHKHH
As a
private limited company there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
Over the
past 15 years, SC has made a stable growth with satisfactory profit. It is
considered a credit line up to USD 50,000 appears to be within SC’s capacities.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Exporting 3911
Jewelry, of precious metal
Exporting 3961
Jewelry of materials other than solid
gold, platinum & silver
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Exporting 7100
Pearls, stones, prec.
metals, imitation jewelry, coins
Exporting 7102
Diamonds, worked or not,
not mounted or set
Exporting 7113
Articles of jewelry &
parts, of precious metal or clad
Exporting 7116
Articles of natural or cut
pearls, prec/semprc stones
Exporting 7116201000
Jewelry of precious or semiprecious
stones
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Exporting Jewelry,
colored gemstones
Exporting Polished
diamonds
Exporting Precious
jewelry
Exporting Semi
precious jewellery
Exporting Semi
precious pearls & jades
Exporting Semi
precious stones
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting
to Asia
Exporting
to Belgium
Exporting
to Europe
Exporting
to USA
Importing
from Asia
Importing
from Europe
Importing
from India
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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