MIRA
INFORM REPORT
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Report Date : |
18.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
WONDER JEWELLERY LTD. |
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Registered Office : |
Room 20, 18/F, Thriving Industrial Ctr, 26-38 Sha Tsui Road, N.T |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.1.2002 |
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Com. Reg. No.: |
782213 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing and Trading of Jewellery |
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 : |
Exists |
name & address
WONDER
JEWELLERY LTD.
ROOM 20, 18/F,
THRIVING INDUSTRIAL CTR,
26-38 SHA TSUI ROAD, N.T., HONG KONG
TEL: 852
96521156 FAX: 852
26939648 / 24986398
EXECUTIVE SUMMARY
INCORPORATION DATE :
11-1-2002
REGISTRATION NO. :
782213
REGISTERED LEGAL FORM : PRIVATE
LTD
CHIEF EXECUTIVE : MR. LAM KIN HUNG (DIRECTOR)
STAFF STRENGTH :
2
AUTHORIZED
CAPITAL : HK $10,000 = 10,000
SHARES @$1.-
PAID-UP
CAPITAL : HK$10,000
BUSINESS LINE :
MANUFACTURING AND TRADING OF JEWELLERY
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79260 = USD 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
Your given name is not registered in BR Office and Companies Registry in
HK. According to your given address, we believe that your search target is the
heading one.
SC is a private limited company registered under incorporation file no.
782213 on 11-1-2002.
SC's shareholder(s) & director(s) are shown to be as follows:
Shareholder(s) (as at 11-1-2008) Number
of shares held
- Syn-Concepts Ltd. 9,999
- Lam Kin Hung 1
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10,000
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Director(s) (as at 11-1-2008)
- Lam Kin Hung / C568677(4)
- Lin Yao Wei / 44253169060231
The above registration information is based on SC's annual return filed
at Companies Registry within the last 2 years.
Change of business address: SC moved to the heading business address
from Room A, 20/F., Cheong Tai Bldg., 36 Tai Ho Road, Tsuen Wan, N.T., HK. in
March 2008.
Total number of employees: 2.
Location: Maintaining
its office at the heading business address which occupies a gross area of 700
square feet at an industrial building in an industrial district.
Condition inside the premises during our
visit: Normal.
Office/factory layout: Standard.
SC is a subsidiary of Syn-Concepts Ltd., whose partial information is as
follows:
Year established : 2005
Registered/business
address : Unit B, 11/F, Cheong Lung
Industrial Bldg., 10 Cheung Yee St., Kln., HK.
Business line : As an investment
holding co. with interest in manufacturing and trading of jewelleries
No. of employees : NA
Civil litigation & winding-up petition : None in our database
Turnover :
NA
Lam Kin Hung, director:
- In his mid 50's
- He has over 10 years of experience in present field
Currently active in SC's day-to-day operations & is responsible for
its management.
Registered residential address: Flat C, 21/F., Tower 5, Seaview Garden,
1 Tsing Yung St., Tuen Mun, N.T., HK.
Credit history
check : This refers to a check of our
database whether the said person has been involved in any of the following
records stored by us within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt
collection records : No overdue amount owed by the said person was
placed to us for collection
Lin Yao Wei, director:
- In his mid 50's
- He is a Chinese mainlander
- Embarked upon his career to present field as a small businessman in
his 30's
Currently residing in PR China & only visits Hong Kong for business
occasionally.
Registered residential address: No.1 Xinxing Sanxiang, Xili Court,
Meilong Haifeng City, Guangdong, PR China.
Credit history
check : This refers to a check of our
database whether the said person has been involved in any of the following
records stored by us within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt
collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership background appraisal:
Rating : 3 Obtained scores : 55 (see explanatory notes below)
Keys : 1 : scores
81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The rating indicates the personal financial & operational strength
of SC's major principals. It is calculated
from a composite of scores obtained from the following 5 factors which carry
equal weight in our analysis:
Personal financial strength, credit history & trade reputation,
business experience & track record, market connection and management skill.
Upon a current contact, Ms. Ng, SC's administrator, declined forwarding
any financial information on the ground that it is the company's policy not
releasing any data to a third party without the benefit of knowing the identity
of the inquiring party.
As per current co. search, total amount of indebtedness of SC in respect
of all mortgages and charges which are required to be registered with Companies
Registry as at 11-1-2008 was Nil.
Banking relations are maintained principally with: HSBC
This section will contain the civil litigations & winding-up
petitions filed against SC for the last 6 years (as stored in our database),
and the mortgage/charge records filed by SC for the last 2 years. In Hong Kong, creation of such mortgages/charges
by an unlimited co is not required to be registered in the public records.
Civil litigation/winding-up petitions: None in our database.
Mortgage/charge record(s): (X) see below ( ) see per attached
Creation date : 7-8-2007
Charger(s) :
SC
Chargee(s) :
HSBC
Secured amount : ANS
Charge particulars : Assignment of receivable
Mortgage Index:
Year(s) in which mortgage registration(s) are filed: 2007
Year(s) in which mortgage satisfaction record(s) are filed: Nil
Overall payment appraisal:
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment records and our debt collection record concerning SC.
Trade payment
experience: SC did not provide any name of
trade/service suppliers and we have no other sources to conduct the enquiry at
present.
Delinquent
payment record: None in our database.
Debt
collection record: No overdue amount owed by SC
was placed to us for collection within the last 6 years.
Business categories:
SC is engaged in manufacturing and trading of jewellery.
Items available include bracelets, pendants and tiaras in rhinestone
made
Production is assigned to its affiliated factory/joint venture factory
located at Shanwei, Guangdong Province, PR China.
Principal purchases:
Major
types of sourcing : Raw materials
Local--type
of suppliers : Importers,
wholesalers
Buying
terms : COD,
special agreed terms
Overseas--supplying
countries : PR China, other SE Asian
countries
Buying
terms : L/C,
special agreed terms
Principal market:
Local--type
of customers : Nil
Selling
terms : Nil
Overseas--buying
countries : USA, Canada, Europe, Japan
Selling
terms : Nil
SC is not known to have any subsidiary at
present.
SC is considered small-sized in its line locally with acceptable base to
meet its normal dealings. A credit line at the above amount appears
beyond SC’s capacities, while credit dealings with SC should be confined into
small amount at present.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted
indicate that SC was not involved in any property transaction (both purchase
& disposal) in Hong Kong for the last 6 years.
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%)