MIRA
INFORM REPORT
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Report Date : |
16.07.2007 |
IDENTIFICATION DETAILS
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Name : |
EMPYREAL JEWELLERY & WATCH CO |
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Registered Office : |
Rm 1601, 16fl Workingport Commercial Bldg |
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Country : |
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Date of Incorporation : |
October 16, 2001 |
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Com. Reg. No.: |
32221997-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Registered to engage in trading of jewelry, clocks and watches. |
RATING & COMMENTS
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MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name &
address
EMPYREAL JEWELLERY & WATCH CO
RM 1601, 16FL WORKINGPORT COMMERCIAL BLDG
TSIMSHATSUI
TEL : 852 24100822
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 16, 2001
REGISTRATION NO. :
32221997-000
CHIEF EXECUTIVE :
MR. KAM-HAR LEE (PARTNER)
STAFF STRENGTH :
N/A
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
N/A
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.8205 = US$1 AS OF
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*
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License number : 32221997-000
Date issued : 16
October, 2001
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : National
Business License
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Partner's Name
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Ki-wa
Kam-har Lee
*COMPANY MANAGEMENT*
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Name Nationality
Job Description
Mr. Kam-har Lee Hong
Kong Partner
Mr. Ki-wa
*Key Personnel*
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Ki-wa
ID Number :
C5003871
Address : Rm
H 23Fl
Date of Appointment : 16
October, 2001
Kam-har Lee
ID Number : E
Address
: GroundFl 204 St James Court
Kwan Tei Village Kwan Tei Fanling NT
Date of Appointment : 16
October, 2001
*Operations Status*
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Current operations of the firm could not be confirmed during the course
of the investigation due to the following reasons :
1. Tried several attempts to call
the company to obtain more information and it has not been successful, since
there was NO one answering the call.
2. Additionally, attempts to find alternate contacts were unsuccessful.
These include:
- Site visit
- Contact and searches with
the main local Telecom supplier for telephone and/or fax lines.
- Checks with the local trade
and business associations.
- Correlation with addresses held by Company
Registry and Inland Revenue Department,
*Main Products & Services*
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Registered to engage in trading of jewelry, clocks and watches.
Products : Clocks & watches
Jewelry
SC is not known to have any subsidiary at present.
PAYMENT RATING : NR OBTAINED SCORES : No Data
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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 partnership company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
Based on the investigations performed, it has not been possible to
prepare a normal credit report on the company.
Given the circumstances, caution is advised related to dealings with
persons claiming to represent such an entity.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3873 Watches,
clocks, clockwork operated devices, and parts
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 9100 Clocks
& watches & parts thereof
Trading 9114200000 Clock
or watch jewels
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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This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)