MIRA
INFORM REPORT
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Report Date : |
14.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
SUGEM (HK) LTD |
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Registered Office : |
Rm 1105-1108, 11FL Hilder Centre, 2 Sung Ping St Hunghom
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
March 25, 2002 |
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Com. Reg. No.: |
790559 |
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Legal Form : |
Private |
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Line of Business : |
Importing of diamonds. Sales and distribution of imported products to local and overseas
markets. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
SUGEM (HK) LTD
RM 1105-1108, 11FL HILDER CENTRE
2 SUNG PING ST HUNGHOM KOWLOON, HONG KONG.
TEL : 852-27236407
FAX : 852-27224535
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 25, 2002
REGISTRATION NO. :
790559
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
10
CAPITAL :
US$ 100,000
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 : FAIRLY 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 Registration*
===================
(1)
License number : 790559
Date issued : 25 March,
2002
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 32467907-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Authorized capital : USD 100,000.00 divided into 100,000 ordinary shares
at USD 1.00/-each, fully paid
*Office & Facilities*
================
Previous Contact Detail
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Address : 5Fl Cameron Centre 57-59 Chatham Rd Tsimshatsui Kowloon
*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 is HKD 273,000,000.00.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Mr. Bhupendra Jivrajbhai Surani can 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 version.
E-mail: vinu@sugem.com.hk
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders
: 3
Total number of ordinary shares : 100,000
Shareholders' Name No. of Ordinary Shares Amount of Shares (USD) % of Shares
-------------------------- ------------------------------- ----------------------------------- ----------------
Mr. Bhupendra Jivrajbhai Surani 85,500 85,500.00 85.50
Mr. Varsha Bhupendra Surani 9,500 9,500.00 9.50
JB DIAMONDS (HK) LTD 5,000 5,000.00 5.00
*Directors' Details*
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(1)
Bhupendra Jivrajbhai Surani
HKID no. : P404971(7)
Address : 31 King's Park Hill
Rd, Ho Man Tin, Kowloon Hong Kong
(2)
Varsha Bhupendra Surani
HKID no. : P753203(6)
Address : 31 King's Park Hill
Rd, Ho Man Tin, Kowloon Hong Kong
*Corporate Secretary*
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DSC (CORPORATE SERVICES) LTD
CR no. : 535845
Address : Rm 1910-1913
Hutchison House 10 Harcourt Rd Central Hong Kong
SC declined to release its management background at present.
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing of diamonds.
2. Sales and distribution of imported products to local and overseas markets.
Products: Diamonds
Polished
diamonds
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Exhibition Participation*
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Participated in the following local exhibitions:
(1)
Exhibition fair : IJK 2006
Year attended : 2006
Location : Hong Kong
(2)
Exhibition fair : Hong Kong
Int'l Jewellery Show (HKIJS)
Dates attended : 6-10 March, 2007
Location : Hong
Kong
*Local Distribution Network*
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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*
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Group name : JB GROUP
Group members: - JB DIAMONDS
- JB JEWELRY
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JB-DM JEWELRY
- JB
BRIDAL LINE
-
JACOB'S JEWELRY
PAYMENT RATING : 3 OBTAINED SCORES : 50
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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 SMALL 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.
SC is considered small-sized in its line with a short history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3961 Jewelry of
materials other than solid gold, platinum & silver
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Importing from Asia
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%)