MIRA
INFORM REPORT
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Report Date : |
03.09.2007 |
IDENTIFICATION
DETAILS
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Name : |
B J COLLECTION (MFR) LTD
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Registered Office : |
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Country : |
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Date of Incorporation : |
May 2, 2006 |
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Com. Reg. No.: |
1042084 |
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Legal Form : |
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Line of Business : |
Import and wholesale & retail distribution of gold, platinum and
diamond jewelries. |
RATING &
COMMENTS
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MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
B J COLLECTION (MFR) LTD
TSIMSHATSUI
TEL : 852 36221112
FAX : 852 36221237
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 2, 2006
REGISTRATION NO. :
1042084
CHIEF EXECUTIVE :
MR. YAU-PING HUNG (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,279
BUSINESS LINE :
TRADER
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
N/A
EXCHNAGE RATE :
HKD 7.79767 = US$1 AS OF
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M million
HKD
*Company Registration*
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License number : 1042084
Date issued : 2 May,
2006
Issuing authority : Companies
Registry
Type of license : Corporate
License number : 36715104-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
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Share value : HKD
1.00/-each
Authorized capital : HKD
10,000.00
Paid-up capital : HKD 1.00
divided into 1 ordinary share
*Office & Facilities*
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Other e-mail : cjh@bjjewelry.com
*Reputation*
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Unable to locate any points of reference within the industry due to the relatively
small nature of the company.
*Approved Signatures*
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Only Mr. Yau-ping Hung can sign on behalf of the company with seal
affixed.
Website : www.bjjewelry.com The design is
professional and the content is well organized. At present it is in both
Chinese and English versions.
E-mail : bj@bjjewelry.com
For the past one year there is no record of litigation.
*Major Shareholders*
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Total number of shareholders :
1
Total number of ordinary share : 1
Shareholder's Name No. of
Ordinary Share Amount of Share
(HKD) % of Shares
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Mr. Yau-ping Hung
1
1.00
100.00
*Company Secretary*
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ALTO PROFITTO SECRETARIAL LTD
Address : Rm C 16Fl
CR no. : 741913
*Key Personnel*
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Mr. Yau-ping Hung
Responsibility : Handles
the overall management of the company.
Address : Flat B 42Fl Block
*Main Products & Services*
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Specializes in the import and wholesale & retail distribution of
gold, platinum and diamond jewelries.
Products : Bracelets
Couples' rings
Diamond
jewelry
Earrings
Gold
jewelry
*Brand*
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Brand BJ
*Payment Terms*
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Sales
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Local : Cash or Credit
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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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains factories in
Shenzhen
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(1)
Address : 24Fl Yicui Bldg 1058 Cuizhu Rd Luohu Dist Shenzhen
Tel nos. : 755-25777825 / 35
Fax no. : 755-25777852
(2)
Address : 207-209, 2Fl
Tel no. : 755-25777895
Fax no. : 755-25775162
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Address : 336-338, 3Fl West Shidai Chenghuang 333 Fu You Rd
Tel no. : 21-63362658
Fax no. : 21-63362659
PAYMENT RATING : 4
OBTAINED SCORES : 45
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Implication |
Implications |
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1 |
Scores 85100 |
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.
*Bank Details*
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Bank Name : BANK OF
Branch : Central,
Branch Address : 13Fl Bank Of
SWIFT Code : BKCHHKHH
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 operating history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry,
of precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113190000 Jewelry
and parts thereof, of precious metal other than silver
Trading 7113191000 Gold
or platinum rope a chain a simlr artcls prdcd in cnt lngths inclcut to lngth
incl
set
w imitn prls o gmstns suitbl for use in manufa ctr of jwlry
Trading 7113195000 Gold
jewelry, goldsmiths wares and other gold articles
Trading 7116201000 Jewelry
of precious or semiprecious stones
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Gold
jewelry
Trader Diamond
jewelry
Trader Jewelry
Trader Ladies'
rings
Trader Couples'
rings
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Importing from
Importing from
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 SCs 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%)