MIRA
INFORM REPORT
|
Report Date : |
26.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
REX JEWELLERY LTD |
|
|
|
|
Registered Office : |
6FL Hang Fung Industrial Bldg - Block B-2, 2g Hok Yuen St
Hunghom Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
July 9, 2003 |
|
|
|
|
Com. Reg. No.: |
0852801 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Exporting jewelry products. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
name & address
REX JEWELLERY LTD
6FL HANG FUNG INDUSTRIAL BLDG - BLOCK B-2,
2G HOK YUEN ST HUNGHOM KOWLOON, HONG KONG.
TEL : 852-23621077
FAX : 852-27650200
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 9, 2003
REGISTRATION NO. :
0852801
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. BEHROUZ SOLEYMANI (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 128,041
BUSINESS LINE :
EXPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.77479 = 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 : 0852801
Date issued : 9 July,
2003
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 33749853
Issuing authority : Business
Registration Office
Type of license :
Business
*Capital Details*
============
Registered capital : HKD
10,000.00
Capital increase : HKD
1,000,000.00 divided into 1,000,000.00 ordinary shares at HKD 1.00/-each, fully
paid
*Office & Facilities*
===============
Other contact details
----------------------------
Tel nos : 23655277 / 23626002
Email :
rexjry@yahoo.com
*Corporate & Organization Structure*
============================
Mainly operated and managed by the owner.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Any of the following can sign on behalf of the company with seal affixed
:
- Mr. Behrouz Soleymani
- EXCEL SECRETARIES LTD
www.rexjewellery.com The
design is professional and the content is well organized. At present it is in
English version.
E-mail: info@rexjewellery.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholder : 1
Total number of shares :
1,000,000
Shareholder's Name
No of Ordinary Shares Amount
of Shares (HKD) % of Shares
--------------------------- ---------------------------- ----------------------------------- ---------------
Mr. Behrouz Soleymani
1,000,000 1,000,000.00 100.00
*Company Secretary*
================
EXCEL SECRETARIES LTD
C. R. No. : 541950
Address : Rm 1006 10Fl
World-Wide House 19 Des Voeux Rd Central Hong Kong
E-mail :
info@excelcorporate.com.hk
Management: Mr. Amir Saltanat,
Manager
Mr. Hassan Tehrani, President
Name Nationality
Job Description Dept. / Division
Mr. Amir Saltanat Armenian
Manager Marketing
Mr. Hassan Tehrani Armenian President -
*Key Personnel*
==============
(1)
Mr. Behrouz Soleymani
Founder : Sole
founder
USA Passport no : 037489644
Address : 6Fl
Hang Fung Industrial Bldg - Block B-2, 2G Hok Yuen St Hunghom Kowloon Hong Kong
Work experience : More than 5 years
Responsibilities : Handles the
daily operation of the firm including all financial and legal matters.
(2)
Mr. Amir Saltanat
Mobile no : 95294317395
Address : 6Fl Hang Fung
Industrial Bldg - Block B-2, 2G Hok Yuen St Hunghom Kowloon Hong Kong
*Main Products & Services*
=====================
Specializes in exporting jewelry products.
Products: Bangles
Bracelets
Broaches
Cuff links
Earrings
*Payment Terms*
==============
Sales
------
Export : Letter of Credit (L/C) at sight
Telegraphic
Transfer (T/T) - in advance
Purchases
--------------
Import : Letter of Credit (L/C) at sight
Telegraphic
Transfer (T/T) - in advance
*Local Distribution Network*
=======================
There is no record of local sales since the prime focus of the firm's
activity is concentrated on exports only.
*Export Markets*
==============
100% of the annual turnover is attributed to overseas sales.
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : REX JEWELLERY LTD
Address : 34 West 47th St Mazz Fl New York 10036 New York USA
Country : USA
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Exporter
Industry : Giftware & Jewellery
Company Name : REX JEWELLERY LTD
Address : 38Fl Gems Tower 1249/218 Charoenkrung Rd Bangrak Bangkok 10500
Thailand
Country : Thailand
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Exporter
Industry : Giftware & Jewellery
Company Name : REX JEWELLERY LTD
Address : 3Fl Shaloujiao Free Trade Zone - Block 19 China
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Exporter
Industry : Giftware & Jewellery
PAYMENT RATING : 4 OBTAINED SCORES : 48
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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
Exporting 3873 Watches,
clocks, clockwork operated devices, and parts,
Exporting 3911 Jewelry,
of precious metal
Exporting 3961 Jewelry
of materials other than solid gold, platinum & silver
Exporting 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Exporting 7108 Gold
(incl put plated), unwr, semimfr or powder
Exporting 7113 Articles
of jewelry & parts, of precious metal or clad
Exporting 7116201000 Jewelry of precious or semiprecious stones
Exporting 9100 Clocks
& watches & parts thereof
Service 9960 Export
trading/management company
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Bracelets
Exporter Bangles
Exporter Earrings
Exporter Pendants
Exporter Broaches
Exporter Cuff links
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Europe
Exporting to Middle East
Exporting to South America
Exporting to USA
Importing from Asia
Importing from India
Importing from Turkey
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)