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MIRA
INFORM REPORT
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Report Date : |
22.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
FAI PO JEWELLERY (HK) CO LTD |
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Registered Office : |
Unit 602-606, 6fl Focal Industrial Centre
- Block A 21 Man Lok St Hunghom
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
03.01.1997 |
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Com. Reg. No.: |
0584998 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader 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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Maximum Credit Limit : |
USD 20,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
FAI
PO JEWELLERY (HK) CO LTD
UNIT 602-606, 6FL FOCAL INDUSTRIAL CENTRE -
BLOCK A
21 MAN LOK ST HUNGHOM KOWLOON, HONG KONG.
TEL: 852-27744833 FAX:
852-23301553
EXECUTIVE SUMMARY
INCORPORATION DATE : 3 JANUARY, 1997
REGISTRATION NO. :
0584998
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. SUSANNA CHOW (EXECUTIVE)
STAFF STRENGTH :
38
CAPITAL :
US$ 1,285
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 20,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
HKD 7.78693 = 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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*Company History*
==============
2005
- Established its factory in Lufeng, China.
*Company Name*
=============
Incorporated as : GRAND POWER (ASIA) LTD
Date incorporated : 3 January,
1997
Changed name to : FAI PO JEWELLERY (HK)
Date of change : 16 January, 1998
*Company Registration*
==================
(1)
License number : 0584998
Date issued : 3 January, 1997
Issuing authority :
Companies Registry
Type of license : Corporate
(2)
License number : 20408387-000
Date issued : N/A
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Share value :
HKD 1.00/-each
Authorized capital : HKD
10,000.00
Paid-up capital : HKD 2.00 divided into 2 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 PEARL DYNASTY LTD can sign on behalf of the company with seal
affixed.
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www.faipojewellery.com
The design is professional and the content is well organized. At present it is
in English version.
E-mail: fpg@hkstar.com
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For the past two years there is no record of litigation.
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*Major Shareholders*
================
Total number of shareholders: 2
Total number of shares: 2
Shareholders Country
Number Amount (HKD) %
--------------------------- ---------------------------- --------- -------------------- --------
JOYCE FIELD INT'L LTD Virgin Islands (British) 1.00 1.00 50.00
PEARL DYNASTY LTD Virgin Islands (British) 1.00 1.00 50.00
*Corporate Director*
================
- PEARL DYNASTY LTD
- JOYCE FIELD INT'L LTD
*Company Secretary*
================
SILVER SWING (INT'L) LTD
Company number : 157939
Address : Rm 807,
8Fl Opulent Bldg 402-406 Hennessy Rd Hong Kong Hong Kong
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Management: Ms. Susanna Chow, Executive
Name Nationality
Job Description Dept. / Division
Ms. Susanna Chow Hong Kong Executive Sales
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Jacky Chan
Nationality : Hong Kong
2
Name : Ms. Susanna Chow
Nationality : Hong Kong
3
Name : JOYCE FIELD INT'L LTD
Registered Address : The Creque Bldg Road Town Tortola
Country of Residence : Virgin Islands (British)
4
Name : PEARL DYNASTY LTD
Registered Address : The Creque Bldg Road Town Tortola
Country of Residence : Virgin Islands (British)
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*Main Products & Services*
======================
Specializes in trading a wide range of jewelry.
Products: 14k gold jewelry
18k gold
jewelry
Amethyst
Black diamonds
Citrine
*Payment Terms*
=============
Sales
------
Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
--------------
Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Exhibition Participation*
===================
Participated in the following local exhibitions:
(1)
Exhibition fair : Hong Kong
International Jewellery Show
Date attended : 1 March, 2005
(2)
Exhibition fair : Hong Kong
Jewellery & Watch Fair
Date attended : 18 June, 2005
(3)
Exhibition fair : Orogemma
Date attended : 9 September,
2005
(4)
Exhibition fair : Hong Kong
Jewellery & Watch Fair
Date attended : 21 September, 2005
(5)
Exhibition fair : 13th HK Int'l
Jewelry Manufacturers Exhibition
Date attended : 1 December,
2005
*Local Distribution Network*
=======================
10% of the annual turnover is attributed to local sales.
*Export Markets*
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90% of the annual turnover is attributed to export.
*International Exhibition Participation*
============================
Participated in the following overseas exhibitions:
(1)
Exhibition fair : JCK Las
Vegas Show
Date attended : 3 June, 2005
Location : Sands Expo
& Convention Center Las Vegas USA
(2)
Exhibition fair : Jacob K
Javits Convention
Date attended : 23 January,
2005
Location : New York,
USA
(3)
Exhibition fair : Jewelers
Int'l Showcase
Date attended : 29 January,
2005
Location : Miami Beach
Convention Centre - Miami Beach, Florida
(4)
Exhibition fair : JCK
Show-Phoenix
Date attended : 30 January,
2005
Location : Civic Plaza
Convention Center
(5)
Exhibition fair : Gem &
Lapidary Wholesalers Holiday Inn
Date attended : 3 February,
2005
Location : Tucson, USA
(6)
Exhibition fair : GJX 2005 Gem
& Jewelry Exchange
Date attended : 2 February,
2005
Location : Tucson, USA
(7)
Exhibition fair : China
International Gold, Jewellery & Gem
Date attended : 9 March, 2005
Location : Shenzhen
China
(8)
Exhibition fair : The 18th
MidEast Watch & Jewellery Show
Date attended : 11 April, 2005
Location : Sharjah UAE
(9)
Exhibition fair : Jewelers
International Showcase
Date attended : 16 April, 2005
Location : The Miami
Beach Convention Centre, Miami Beach Florida USA
(10)
Exhibition fair : GLDA Las
Vegas Gem & Jewelry Show
Date attended : 31 May, 2005
Location : Mirage
Hotel 3400 Las Vegas Blvd So, Las Vegas USA
(11)
Exhibition fair : JA Int'l
Jewelry Show
Date attended : 31 July, 2005
Location : New York
USA
(12)
Exhibition fair : JA Int'l
Jewelry Show
Dates attended : 9-11 March, 2008
Location : Level 3
Jacob K. Javits Convention Center New York USA
(13)
Exhibition fair : Istanbul
Jewelry Show I
Dates attended : 26-30 March, 2008
Location : CNR Expo
Center Istanbul, Turkey
(14)
Exhibition fair : Jewelers
Int'l Showcase
Schedule dates : 12-14 April,
2008
Location : The Miami
Beach Convention Center Miami Beach Florida USA
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*(Subsidiaries , Joint-ventures & Affiliates)
===============================
Company Name :
FAI PO GEMS & JEWELLERY CO INC
Address :
Suite 1703 10th West 46 St New York 10036 New York USA
Country :
USA
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Giftware & Jewellery
Company Name :
FAI PO GEMS MFG CO LTD
Address : Unit
602-606, 6Fl Focal Industrial Centre - Block A 21 Man Lok St Hunghom Kowloon
Hong Kong
Country :
Hong Kong
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Trader
Industry :
Giftware & Jewellery
*Subsidiaries, Joint-ventures & Affiliates*
===============================
Maintains a factory in China. Details as follows :
Address : 5-6 DongHoi Town Economic
Development Area
Tel nos. :
660-8236666 / 84520
Fax no. :
660-8230948
E-mail :
jeffery@faipojewellery.com
Website :
www.faipoen.alibaba.com
Contact person : Jeffrey Chen
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PAYMENT RATING : 3 OBTAINED SCORES :
56
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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.
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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*
===============
Bank Name : HONG
KONG & SHANGHAI BANKING CORP LTD, THE
Branch :
Central, Hong Kong
Branch Address : 9Fl
HSBC Main Bldg 1 Queen's Rd Central Hong Kong (Head Office)
SWIFT Code :
HSBCHKHH
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SC is considered medium-sized in its line with an 11 years development
history. A credit line at the above amount appears beyond SC’s capacities,
while a credit line up to USD 20,000 would appear to be within SC’s capacities.
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 7102 Diamonds,
worked or not, not mounted or set
Trading 7102100000 Diamonds,
unsorted
Trading 7103 Precious
& semiprec stones, not strung etc
Trading 7103102000 Rubies,
sapphires, emeralds and rock crystals, unworked or simply sawn or
roughly
shaped, not strung, mounted or set
Trading 7103910000 Rubies,
sapphires and emeralds, otherwise worked
Trading 7103910010 Rubies
cut but not set for jewelry
Trading 7103910020 Sapphires
cut but not set for jewelry
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113190000 Jewelry
and parts thereof, of precious metal other than silver
Trading 7113195000 Gold
jewelry, goldsmiths wares and other gold articles
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Amethyst
Trader Citrine
Trader Tourmaline
Trader Peridot
Trader Jewelry
pendants
Trader Jewelry
rings
Trader Jewelry
earrings
Trader Precious stone
jewelry
Trader Jewelry, precious
metal
Trader Diamond
jewelry
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Italy
Exporting to Japan
Exporting to North America
Exporting to Singapore
Exporting to South Korea
Exporting to Taiwan
Exporting to USA
Exporting to United Kingdom
Importing from Asia
Importing from China
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.38 |
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UK Pound |
1 |
Rs.81.34 |
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Euro |
1 |
Rs.64.55 |
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%)