MIRA
INFORM REPORT
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Report Date : |
22.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
KARP JEWELLERY MFG HK LTD |
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Registered Office : |
Unit 1001-1002, 10FL Harbour Centre - Tower 2, 8 Hok Cheung St Hunghom
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
19.02.2003 |
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Com. Reg. No.: |
0833661 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading a wide range of Jewelry. |
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
KARP
JEWELLERY MFG HK LTD
UNIT 1001-1002, 10FL HARBOUR CENTRE - TOWER
2,
8 HOK CHEUNG ST HUNGHOM KOWLOON, HONG KONG.
TEL: 852-23693000 FAX: 852-23698600
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 19, 2003
REGISTRATION NO. :
0833661
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. RAMESHKUMAR BHIKHABHAI VIRANI (CHAIRMAN)
STAFF STRENGTH :
20
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
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79519 = 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 : 0833661
Date issued : 19 February, 2003
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 33365548-000
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
5,000,000.00
Paid-up capital : HKD 3,000,000.00 divided into
3,000,000 ordinary shares
*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. Rameshkumar Bhikhabhai Virani can sign on behalf of the company
with seal affixed.
www.iglobalhk.com/karp.co
The design is professional and the content is well organized. At present it is
in English version.
E-mail: karpjewhk@karpgroup.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 3
Total number of shares: 3,000,000
Shareholders Country
Number Amount (HKD) %
--------------------------- ------------ --------------- ------------------ -------
Mr. Rameshkumar Bhikhabhai Virani
India 2,399,998.00 2,399,998.00 80.00
Mr. Jignesh Navinchandra Sanghavi
India 600,000.00 600,000.00 20.00
KARP IMPEX HK LTD Hong Kong 2.00
2.00 -
*Corporate Secretary*
=================
RC CORPORATE SERVICES LTD
C. R number : 467057
Address : Rm 2109 China
Resources Bldg 26 Harbour Rd Wanchai Hong Kong
Management: Mr. Pankaj Khunt,
General Manager
Mr. Jignesh Navinchandra Sanghavi, Managing
Director
Ms. Eva Wong, Senior Manager
Name Nationality
Job Description
Mr. Pankaj Khunt Indian
General Manager
Mr. Jignesh Navinchandra Sanghavi Indian
Managing Director
Ms. Eva Wong Hong
Kong Senior Manager
*Main Products & Services*
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Specializes in trading a wide range of jewelry.
Products also includes:
- Tri-star Jewellery
- Diamond Patent Pending
Products: 14k gold rings
18k gold
earrings
18k gold rings
18k white gold
jewelry
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
*Exhibition Participation*
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Sponsored the following local exhibitions:
- 6th Hong Kong Jewellery Design Competition"Best of Show
Award"
- 7th Hong Kong Jewellery Design Competition
*Local Distribution Network*
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20% of the annual turnover is attributed to local sales.
*Export Markets*
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80% of the annual turnover is attributed to export.
*International Exhibition Participation*
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Exhibition fair : Arabian
Exhibition Management in Bahrain
Dates attended : 23-27 November, 2005
Scheduled Exhibition
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Exhibition fair : MidEast
Watch and Jewellery Show
Dates to attend : 15 -19, April 2008
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : KARP JEWELLERY
TAIWAN LTD - TAIWAN BRANCH
Address :
5Fl, 178 Nanking East Rd Section 2 Chungshan Dist Taipei City 104 Taiwan
Country :
Taiwan
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Giftware & Jewellery
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains manufacturing facilities in China.
*Strategic Partners & Alliances*
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Group name : KARP Group
Holding company: KARP IMPEX LTD
Details : As an international group, KARP participates
at major trade shows worldwide, including:
- Macau Jewellery & Watch Fair
- Macau Int'l Jewellery & Watch Fair
- Hong Kong Int'l Jewellery Show
- Basel Show
- JCK Las Vegas Show
- Hong Kong Jewellery & Watch Fair
- Shenzhen Int'l Jewellery Fair
- Hong Kong Jewellery & Watch Fair
- Bahrain Jewellery Arabia 2008
PAYMENT RATING : 3 OBTAINED SCORES :
50
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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.
SC
is considered small-sized in its line with a 5 years development 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
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2616 Precious
metal ores and concentrates
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7102100000 Diamonds,
unsorted
Trading 7108135000 Gold,
semimanufactured, nonmonetary
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113192900 Gold
necklaces and neck chains
Trading 7113200000 Jewelry
and parts, base metal clad w precious metal
Trading 7113202900 Necklaces
and neck chains of base metal clad with gold
Trading 7116201000 Jewelry
of precious or semiprecious stones
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Jewelry
Trader Diamond
cuts
Trader 14k gold
rings
Trader 18k gold
earrings
Trader 18k gold
rings
Trader Earrings
Trader Rings
Trader Pendants14k/18k
Trader Bracelets
Trader Brooches
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to India
Exporting to Middle East
Exporting to UAE
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%)