MIRA
INFORM REPORT
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Report Date : |
14.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
J B JEWELRY (HK) LTD |
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Registered Office : |
11FL Rm 1105-1108 Hilder Centre 2 Sung Ping St Hunghom
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
May 21, 1999 |
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Com. Reg. No.: |
0676460 |
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Legal Form : |
Private |
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Line of Business : |
Importing of jewelry products. Sales and distribution to local and international markets. |
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 |
name & address
J B JEWELRY (HK) LTD
11FL RM 1105-1108 HILDER CENTRE 2 SUNG PING ST
HUNGHOM KOWLOON, HONG KONG.
TEL: 852-23757878
FAX: 852-23758080
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
21, 1999
REGISTRATION NO. :
0676460
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. TONY NG (DIRECTOR)
STAFF STRENGTH :
75
CAPITAL :
US$ 5,134,788
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78629 = US$1
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 Name*
=============
Incorporated as : ERIC
JEWELLERY CO LTD
Date of incorporation : 21 May,
1999
Changed name to : J B JEWELRY
(HK) LTD
Date of change : 6
April, 2001
*Company Registration*
===================
(1)
License number : 0676460
Date issued : 21 May,
1999
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 30117483-000
Date issued : 21 May,
1999
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Authorized capital: HKD 40,000,000.00 divided into 40,000,000 ordinary
shares at HKD 1.00/-each, fully paid
*Office & Facilities*
===============
Other Contact Details
------------------------------
Tel. no. : 23699255
Fax no. : 2723487
*Factories, Size & Locations*
======================
The company is a trading house focused on importation of jewelry lines
on its China manufacturing facility.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Charges*
========
Total amount of indebtedness of the company in respect of all mortgages
and charges of the kind which are required to be registered with the Registrar
of Companies were all money.
*Approved Signatures*
=================
Mr. Rungson Tevanotaican sign on behalf of the company with seal
affixed.
www.jbgroupworldwide.com
this website belongs to SC’s parent company “JB Group”, the design is
professional and the content is well organized. At present it is in English
versions.
E-mail: jbjhk@jbjewelry.com.hk
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders
: 2
Total number of ordinary shares : 40,000,000
Shareholders' Name No. of Ordinary Shares Amount of shares (HKD) % of Shares
--------------------------- ------------------------------ ---------------------------------- -----------------
Mitul Nanjibhai Surani 39,600,000 39,600,000.00 99.00
Hitesh Kumar Unendra Bhai Surani 400,000 400,000.00 1.00
*Directors' Details*
===============
(1)
Mitul Nanjibhai Surani
National ID no. : R298319(1)
Address : King's
Park House 31, Kings's Park Hill Rd, Kowloon Hong Kong
(2)
Rungson Tevanotai
National ID no. : XE923615(3)
Address : Flat D
2Fl Banyan Mansion Block 1 Site 10, Hunghom, Kowloon Hong Kong
Shareholders' Details
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Hitesh Kumar Unendra Bhai Surani
11Fl Rm 1105-1108 Hilder Centre 2 Sung Ping St Hunghom Kowloon
*Company Secretary*
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DSC (CORPORATE SERVICES) LTD
CR no. : 535845
Address : Rm 1910-1913 Hutchison House 10 Harcourt Rd Central Hong Kong
Management: Mr. Tony Ng, Director
Name Nationality Job Description Dept. / Division
Mr. Tony Ng Hong Kong Director Marketing
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Importing of jewelry products.
2. Sales and distribution to local and international markets.
Products: Diamond jewelry
Fine diamond
jewelry
Gold jewelry
Jewelry
Jewelry, colored
gemstones
*Payment Terms*
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Sales
-------
Local : Cash or Credit
Purchases
--------------
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Exhibition Participation*
===================
Participated in the following local exhibitions:
(1)
Exhibition fair : September
Hong Kong Jewellery & Watch Fair 2007
Dates attended : 25-29 September, 2007
Location : Diamond
Hall, Hong Kong
(2)
Exhibition fair : International
Jewellery Tokyo
Dates attended : 24-27 January, 2007
(3)
Exhibition fair : BaselWorld
2007
Dates attended : 12-19 April, 2007
(4)
Exhibition fair : June The JCK
Show - Las Vegas
Dates attended : 1-5 June, 2007
(5)
Exhibition fair : June Hong
Kong Jewellery & Watch Fair 2007
Dates attended : 21-24 June, 2007
*Associations*
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Member of :
- Hong Kong Jewelry Manufacturers Association (since 2000)
*Local Distribution Network*
======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
*Strategic Partners & Alliances*
=========================
Group name : JB Group
Founder : Mr. Jivraj
Surani and Mr. Bhagavan Kukadia
Group members : JB DIAMONDS
SUGEM, Hong Kong
SUGEM BVBA
SUGEM, Bangkok
SUGEM INC
JB-DM JWELRY
JB
BRIDAL LINE
JACOB'S JEWELRY CO LTD
JB
INT'L SOURCING LTD
Details : Range of
activities include the following :
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Diamond Cutting, Polishing, Distribution and Marketing
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Jewelry manufacturing, distribution and marketing
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Branded jewelry
PAYMENT RATING : 3 OBTAINED SCORES : 51
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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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*Bank Details*
============
Bank name : WING LUNG
BANK LTD
Branch : Lee Kar
Bldg 4 Carnarvon Rd Tsimshatsui Kowloon
Account number : 61280209277
Swift code : WUBAHKHH
SC is considered medium-sized in its line with an 8 years development
history.
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
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 7113205000 Jewelry of base metal clad with precious
metal
Manufacturing 7116201000 Jewelry
of precious or semiprecious stones
Manufacturing 7116205000 Articles
of precious or semiprecious or synthetic stones
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7103 Precious
& semiprec stones, not strung etc
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity
Product/Service Description
Trader Silver jewelry
Trader Fine diamond jewelry
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Japan
Exporting to North America
Exporting to Taiwan
Importing from Asia
Importing from China
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. |
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%)