MIRA
INFORM REPORT
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Report Date : |
17.01.2007 |
IDENTIFICATION DETAILS
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Name : |
JEWELEX HK LTD |
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Registered Office : |
Unit A2, 14FL |
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Country : |
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Date of Incorporation : |
OCTOBER 22, 2003 |
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Com. Reg. No.: |
867320 |
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Legal Form : |
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Line of Business : |
Importing
and trading jewelry. |
RATING & COMMENTS
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MIRAs Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Undetermined
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
name & addresss
JEWELEX HK LTD
UNIT A2, 14FL
TSIMSHATSUI
TEL: 852
23126088 FAX: 852 23141551
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 22, 2003
REGISTRATION NO. :
867320
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
US$ 2,009,009
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
POOR
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIR
GENERAL REPUTATION :
FAIR
EXCHNAGE RATE :
HKD 7.80341 = US$1 AS OF 2007-1-17
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
*Company
Registration*
===================
License
number : 867320
Date
issued : 22 October, 2003
Issuing
authority : Companies Registry
Legal
form : Private
Company
type : Local Company
(2)
License
number : 34014453-00
Date
issued : N/A
Issuing
authority : Business Registration Office
- Inland Revenue Dept
*Capital
Details*
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Authorized
capital : HKD 15,610,000.00 fully paid
E-mail :
jewelex@pacific.net.hk
For the
past two years there is no record of litigation.
*Major
Shareholders*
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Total
number of shareholders : 2
Total
number of shares : 15,610,000
Shareholders'
name No. of
shares Amount of shares
(HKD) % of shares
-------------------------- -------------------
---------------------------------- ----------------
DIAJEWEL
SA
15,609,990
15,609,990.00 100.00
Mr. Jamil Khalil Fakih 10
10.00
0.00
*Directors'
Details*
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(1)
Mr.
Jamil Khalil Fakih
Nationality :
HKID
Number : P369827(4)
Address : Flat C 2Fl Block 7
(2)
Mr.
Nishit Pravinchandra Kothari
Nationality :
Address : Kwikstaartlaan 30 Wilrijk
2610
*Company
Secretary*
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VIMET
CORPORATE CONSULTANTS & SECRETARIES LTD
Address : Rm 506-507, 5Fl Haleson Bldg 1
Jubilee St Central Hong Kong
License
number : 381676
*Main
Products & Services*
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Previously
engaged in importing and trading jewelry.
*Operations
Status*
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Upon our
current contact with Mr. Jamil Khalil Fakih, he stated that its current
operations is dormant.
Products
: Jewelry
*Payment
Terms*
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Sales
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Local :
Cash or Credit
Purchases
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Local : Cash or Credit
Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local
Distribution Network*
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100% of
the annual turnover is attributed to local sales.
*Export
Markets*
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There is
no record of export since the prime focus of the firm's activity is
concentrated on local sales only.
SC is
not known to have any subsidiary at present.
PAYMENT RATING : 6 OBTAINED SCORES : 10
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Implication |
Implications |
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1 |
Scores 85100 |
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
C.O.D. amounts depending on individual judgement experience.
As a
private limited company there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
In the
absence of any information on this company, we suggest that caution must be
exhibited by third parties offering credit or trade financing for this company.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 3911
Jewelry,
of precious metal
Trading 3961
Jewelry of materials other
than solid gold, platinum & silver
Trading 5094
Jewelry/Watches/Precious
Mtl
Trading 5944
Jewelry Stores
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 7100
Pearls, stones, prec.
metals, imitation jewelry, coins
Trading 7113
Articles of jewelry &
parts, of precious metal or clad
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing
from
Importing
from
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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