MIRA
INFORM REPORT
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Report Date : |
19.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
FINE JEWELLERY (D & M) LTD |
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Registered Office : |
Rm 704, 7FL Hang Seng Tsimshatsui Bldg, 18 Carnavon Rd
Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
16 January, 2006 |
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Com. Reg. No.: |
1019549 |
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Legal Form : |
Private |
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Line of Business : |
Trading a wide range of jewelry and other related products. |
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
FINE JEWELLERY (D & M) LTD
RM 704, 7FL HANG SENG TSIMSHATSUI BLDG
18 CARNAVON RD TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-23677988
FAX: 852-23666048
EXECUTIVE SUMMARY
INCORPORATION DATE : 16
JANUARY, 2006
REGISTRATION NO. :
1019549
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. ETHEL KO-PING PO (REPRESENTATIVE)
STAFF STRENGTH :
13
CAPITAL :
US$ 128,370
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 7.78542 = 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 : 1019549
Date issued : 16 January,
2006
Issuing authority : Companies
Registry
Legal form : Private
Limited Company
Type of license : Corporate
(2)
License number : 36384868-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 1,000,000.00 divided into 1,000,000 ordinary
shares at HKD 1.00/-each, fully paid
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Only Mr. Yat-sun See can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
E-mail: fine@finejew.com.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 ordinary shares : 1,000,000
Shareholders' Name No.
of Ordinary Shares Amount of Shares
(HKD) % of Shares
--------------------------
-------------------------------
---------------------------------
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Mr. Yat-sun See
650,000
650,000.00
65
Mr. Wai-yeung Hung 350,000 350,000.00 35
*Directors' Details*
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(1)
Mr. Wai-yeung Hung
HKID no. : Z102144(4)
Address : 31 Phoenix Path Palm
Springs Yuen Long New Territories Hong Kong
(2)
Mr. Yat-sun See
HKID no. : G236539(0)
Address : Rm 1401 Wang Shing
House Wang Fuk Court Tai Po New Territories Hong Kong
*Company Secretary*
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Mr. Wai-yeung Hung
HKID no. : Z102144(4)
Address : 31 Phoenix Path Palm Springs
Yuen Long New Territories Hong Kong
Management: Ms. Ethel Ko-ping Po, Representative
Name Nationality
Job Description
Ms. Ethel Ko-ping Po Hong Kong Representative
*Main Products & Services*
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Specializes in trading a wide range of jewelry and other related
products.
Products: 14k gold jewelry
14k gold rings
18k gold
jewelry
18k gold rings
Bracelets
*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)
*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 to South East
Asia.
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains factory in China.
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 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.
*Bank Details*
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Bank name : DBS BANK (HONG KONG) LTD
Branch : Central
Swift code : DHBKHKHH
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 3911 Jewelry,
of precious metal
Trading 3961 Jewelry
of materials other than solid gold, platinum & silver
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113192900 Gold
necklaces and neck chains
Trading 7113202900 Necklaces
and neck chains of base metal clad with gold
Trading 7115 Articles
of or clad with precious metal
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Diamond
bracelet
Trader Bracelets
Trader Brooches
Trader Diamond
earrings
Trader Earrings
Trader Gold
earrings
Trader Diamond
necklaces
Trader Gold
necklaces
Trader Necklaces
Trader Diamond
pendant
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Japan
Exporting to North America
Exporting to South Africa
Exporting to USA
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%)