MIRA
INFORM REPORT
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Report Date : |
27.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
J B COLLECTION
(HK) LTD. |
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Registered Office : |
Rm 1105-1108, 11/F,
Hilder Centre, 2 Sung Ping Street, Hunghom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
03.07.1998 |
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Com. Reg. No.: |
648992 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in manufacturing & export of fine jewellery. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name & Address
J B COLLECTION
(HK) LTD.
RM 1105-1108,
11/F, HILDER CENTRE,
2 SUNG PING STREET, HUNGHOM, KOWLOON, HONG
KONG.
TEL : 852 27656833
FAX : 852 23631805
EXECUTIVE SUMMARY
INCORPORATION DATE :
3-7-1998
REGISTRATION NO. :
648992
REGISTERED LEGAL FORM : PRIVATE LIMITED CO.
CHIEF EXECUTIVE : SURANI BHUPENDRA JIVRAJBHAI (DIRECTOR)
STAFF STRENGTH :
10 (SHARING WITH ITS AFFILIATES).
AUTHORIZED CAPITAL :
HKD10,000 = 10,000 SHARES @HKD1.-
PAID-UP
CAPITAL : HKD10,000
BUSINESS LINE :
MANUFACTURE & EXPORT OF FINE JEWELLERY
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM. CREDIT
RANGE : MODERATE AMOUNT
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION
: STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.77660 = USD1 AS OF 2006-12-01
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
The correct street name of SC's address is the heading one instead of
the one given by you.
SC is a private limited company registered under incorporation file no.
648992 on 3-7-1998.
SC's shareholders & directors are shown to be as follows:
Shareholders (as at 3-7-2006) Number
of shares held
J.B. International Mfg. Ltd. 9,999
Surani Bhupendra Jivrajbhai 1
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10,000
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Directors (as at 3-7-2006)
Surani Bhupendra Jivrajbhai / P404971(7)
Surani Varsha Bhupendra / P753203(6)
The above registration information is based on SC's annual return filed
at Companies Registry within the last 2 years.
No material change or amendment regarding SC has been traced & noted
within last 2 years.
This section will contain the civil litigations & winding-up
petitions filed against SC for the last 6 years (as stored in our database),
and the mortgage/charge filed by SC for the last 2 years. In Hong Kong, creation of such mortgages/charges
by an unlimited co is not required to be registered in the public records.
Civil litigation/winding-up petitions : None in our database.
Mortgage/charge record(s) : None filed within
the last 2 years as per our current search.
Mortgage Index:
Year(s) in which mortgage registration(s) are filed: 2001 & 2004
Year(s) in which mortgage satisfaction record(s) are filed: Nil
SC is a subsidiary of J.B. International Mfg. Ltd., whose partial
information is as follows:
Year established : 1995
Registered/business
address :
Same as heading business address
Business line :
As an investment holding co.
No. of employees : NA
Civil litigation & winding-up petition records : None in our database
Turnover : NA
Surani Bhupendra Jivrajbhai, director:
- Embarked upon his career to present field as a small businessman in
his mid 20's
Currently active in SC's day-to-day operations & is responsible for
its management.
Registered residential address: 31 King's Park Hill Road, Homantin,
Kowloon, Hong Kong.
Credit history
check : This refers to a check of our
database whether the said person has been involved in any of
the following
records stored by us within the last 6 years:
Civil litigation
as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Surani Varsha Bhupendra, director:
- Embarked upon his career to present field as a small businessman in
his mid 20's
Currently active in SC's day-to-day operations & is responsible for
its management.
Registered residential address: Same as Surani Bhupendra Jivrajbhai.
Credit history
check : This refers to a check of our
database whether the said person has been involved in any of
the following
records stored by us within the last 6 years:
Civil litigation
as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership background appraisal:
Rating : 3 Obtained scores : 52 (see explanatory notes
below)
Keys : 1 : scores
81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The rating indicates the personal financial & operational strength
of SC's major principals. It is
calculated from a composite of scores obtained from the following 5 factors
which carry equal weight in our analysis:
Personal financial strength, credit history & trade reputation,
business experience & track record, market connection and management skill.
Business categories :
SC is engaged in manufacturing & export of fine jewellery.
Items available include precious & semi-precious jewellery, 10K,
14K, 18K gold jewellery, gemset jewellery & diamond jewellery.
Production is assigned to its affiliated factory/joint venture
factory located at Guangzhou, Guangdong
Province, PR China.
Principal purchases :
Major
types of sourcing : Raw
materials
Local--type
of suppliers : Nil
Buying
terms : Nil
Overseas--supplying
countries : PR China, SE Asia &
South Africa
Buying
terms : T/T,
open account of 15 days & special agreed terms
Principal market :
Local--type
of customers : Nil
Selling
terms : Nil
Overseas--buying
countries : USA, Canada & Europe
Selling
terms : T/T, open
account of 15 days & special agreed terms
Total number of employees : 10 (sharing with its affiliates).
Location : Maintaining
its office at the heading business address which occupies a gross area of 1,000
square feet at a commercial building in a commercial & shopping district.
Condition inside the premises during our
visit : Normal.
Office/factory layout : Standard.
Jointly occupying the premises with the below mentioned affiliate.
Affiliate(s):
Company name :
J B Jewellery (HK) Ltd.
Year established : 1999
Business nature : Export of fine jewellery
Address : Same as heading business
address
Turnover :
NA
Civil litigation & winding-up petition records: None in our database
Overall payment appraisal :
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment records and our debt collection record concerning SC.
Trade payment
experience : SC did not provide any name of
trade/service suppliers and we have no other
sources to conduct
the enquiry at present.
Delinquent
payment record : None in our database.
Debt
collection record : No overdue
amount owed by SC was placed to us for collection within the last 6 years.
Banking relations are maintained principally with:
- HSBC
- Bank of India
- DBS Bank (HK) Ltd.
During our report
preparation, the principals could not be contacted while the staff members hesitated
to release financial information without the principals' consent.
As per current co. search, total amount of indebtedness of SC in respect
of all mortgages and charges which are required to be registered with Companies
Registry as at 3-7-2006 was ANS.
SC is considered a normally advancing concern with steady customers and
good base to meet its trade engagements.
Credit in the range of moderate amount can be considered.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted
indicate that SC was not involved in any property transaction (both purchase
& disposal) in Hong Kong for the last 6 years.
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 SC’s 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%)