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MIRA
INFORM REPORT
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Report Date : |
03.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
EDELWEISS JEWELLERY (FAR EAST) LTD |
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Registered Office : |
Unit B 12 Fl Kaiser Estate - Phase 1, 41 Man Yue St Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
July 11, 1989 |
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Com. Reg. No.: |
257616 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and local purchase of wide range of jewelry. Sale and distribution of purchased products 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
EDELWEISS
JEWELLERY (FAR EAST) LTD
UNIT B 12FL KAISER ESTATE - PHASE 1,
41 MAN YUE ST HUNGHOM KOWLOON, HONG KONG.
TEL: 852-23695261
FAX: 852- 27217753
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 11, 1989
REGISTRATION NO. :
257616
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. BONNIE CHU (REPRESENTATIVE)
STAFF STRENGTH :
70
CAPITAL :
US$ 642,674
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79114 = 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
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Business / Branch Name (DBA): DIAMOND COLLECTION
EDELWEISS JEWELLERY
*Company Registration*
===================
(1)
License number : 257616
Date issued : 11 July,
1989
Issuing authority : Companies
Registry
Type of license : Corporate
license
Legal form : Private
Limited Company
(2)
License number : 12910954-000
Issuing authority : Business
Registration Office - Inland Sale Dept
Type of license : Business
license
*Company Name*
==============
Incorporated as :
EDERMINE LTD
Date of incorporation : 11 July, 1989
Changed name to :
EDELWEISS JEWELLERY (FAR EAST) LTD
Date of change : 12
January, 1990
*Capital Details*
=============
Authorized capital : HKD 5,000,000.00 divided into 500,000 ordinary
shares of HKD 10.00/-each, fully paid
*Office & Facilities*
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Other Contact Details
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Tel no : 27398121
Website : www.jewelry.org.hk
www.expo24hrs.com
Previous address
: Rm 105-108, 1Fl Wing On Plaza 62 Mody Rd Tsimshatsui Kowloon, Hong
Kong
*Charge*
========
As per current company search, total amount of indebtedness of the
company in respect of all mortgages and charges which are required to be
registered with Companies Registry was HKD 19,000,000.00.
*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. Edelweiss Shun-hai Leung can sign on behalf of the company with seal
affixed.
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SC is not known to host website of its own at present.
E-mail: edeljewe@edelweisshk.com.hk
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholders : 2
Total number of shares : 500,000
Shareholders Country
Number Amount (HKD) %
--------------------- ------------ -------------- ------------------ --------
EDELWEISS Hong
Kong 499,998.00 4,999,980.00 100.00
HOLDINGS LTD
Mr. Louis King-yau Cheung Hong Kong 2.00 20.00 -
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Management: Mr. Samuel Tan,
Manager
Mr. Louis King-yau Cheung, Managing Director
Ms. Bonnie Chu, Representative
Name Nationality
Job Description Dept. / Division
Mr. Samuel Tan Hong
Kong Manager Marketing
Mr. Louis King-yau Cheung Hong
Kong Managing Director -
Ms. Bonnie Chu Hong
Kong Representative -
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*Main Products & Services*
======================
Specializes in the following areas of work :
1. Import and local purchase of wide range of jewelry.
2. Sale and distribution of purchased products to local and
international markets.
Products: Bangles
Bracelets
Brooches
Colored stone
jewelry
Dangles
*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)
*Associations*
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Member of:
- Hong Kong General Chamber of Commerce
*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.
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*Subsidiaries, Joint-ventures & Affiliates*
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Maintains manufacturing facilities in China.
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PAYMENT RATING : 3 OBTAINED SCORES :
60
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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.
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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 : BANK OF CHINA (HONG KONG) LTD
Branch : Hunghom,Kowloon
Branch Address : 105-107 Wuhu St
SWIFT Code : BKCHHKHH
Bank Name : DBS BANK (HONG KONG) LTD
Branch : Tsimshatsui,Kowloon
Branch Address : Unit 1209-18 Miramar Tower 132-134 Nathan Rd
SWIFT Code : DHBKHKHH
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SC is considered medium-sized in its line with a long history. Credit up
to moderate amount may be considered.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3911
Jewelry, of precious metal
Exporting 3961
Jewelry of materials other than solid
gold, platinum & silver
Exporting 5094
Jewelry/Watches/Precious Mtl
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
Exporting 7100
Pearls, stones, prec.
metals, imitation jewelry, coins
Exporting 7102
Diamonds, worked or not,
not mounted or set
Exporting 7103
Precious & semiprec
stones, not strung etc
Exporting 7103102000
Rubies, sapphires, emeralds and rock
crystals, unworked or simply sawn or roughly shaped, not strung, mounted or set
Exporting 7113110000
Jewelry and parts thereof, of silver
Exporting 7113202900
Necklaces and neck chains of base
metal clad with gold
Exporting 7114190000
Articles of gold or platinum whether
or not plated or clad with precious metal
Exporting 7115902000
Articles of silver, including metal
clad with silver
Exporting 7116
Articles of natural or cut
pearls, prec/semprc stones
Exporting 7116201000
Jewelry of precious or semiprecious
stones
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Exporter Ruby set jewelry
Exporter Gold
Exporter Silver
Exporter Emeralds
Exporter Brooches
Exporter Dangles
Exporter Bangles
Exporter Rings
Exporter Pins
Exporter Pendants
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to France
Exporting to Germany
Exporting to Japan
Exporting to
Malaysia
Exporting to North
America
Exporting to
Singapore
Exporting to
Thailand
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%)