MIRA
INFORM REPORT
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Report Date : |
18.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
MIRA STYLE JEWELLERY CO LTD |
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Registered Office : |
Unit 410-111, 4fl Heng Ngai Jewelry Centre , 4 Hok Yuen St East
Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
21.01.2000 |
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Com. Reg. No.: |
0701886 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Local Purchase of Wide Range of Precious Metals 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 : |
Clear |
name & address of the company
MIRA
STYLE JEWELLERY CO LTD
UNIT 410-111, 4FL HENG NGAI JEWELRY CENTRE
4 HOK YUEN ST EAST HUNGHOM KOWLOON, HONG
KONG.
TEL: 852-23122148 FAX: 852-23126148
EXECUTIVE SUMMARY
INCORPORATION DATE : 21
JANUARY, 2000
REGISTRATION NO. :
0701886
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. KWOK-HUNG CHEUNG (CHAIRMAN)
STAFF STRENGTH :
30
CAPITAL :
US$ 128,370
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 7.79945 = 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 History*
==============
2004 - Designed and
produced more products in European style.
*Company Registration*
==================
(1)
License number : 0701886
Date issued : 21 January, 2000
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 30652281-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Office & Facilities*
================
Other Contact Details
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Email : mirajew@netvigator.com
Website : www.jewellery.org.hk/mira
Previous Addresses : Unit
1701 Hart Ave Plaza 5-10 Hart Avenue Tsimshatsui Kowloon Hong Kong
: Unit 1514, 15Fl
Peninsula Square 18 Sung On St Hungom Kowloon Hon Kong
*Capital Details*
=============
Initial registered capital : HKD 10,000.00
Capital increase : HKD 1,000,000.00
Initial paid-up capital : N/A
Paid-up capital increase : HKD 900,000.00 divided into 900,000
ordinary shares at HKD 1.00/-each
*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. Kwok-Hung Cheung can sign on behalf of the company with seal
affixed.
www.mirastyle.com The design is
professional and the content is well organized. At present it is in English
version.
E-mail: info@mirastyle.com
For the past two years there is no record of litigation.
*Major Shareholder*
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Total number of shareholders: 3
Total number of shares: 900,000
Shareholders Number
Amount (HKD) %
-------------------- ------------ ------------------ ------
Mr. Chi-Yan Chow 300,000.00 300,000.00 33.33
Mr. Kwok-Hung Cheung 300,000.00 300,000.00 33.33
Mr. Ray Kin-Cheung Wong 300,000.00 300,000.00 33.33
*Company Secretary*
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FAITH CONCEPT ASIA LTD
Address : Rm 1502, 15Fl Double Bldg 22 Stanley St
Central Hong Kong
CR No : 0866552
Date of appointment : 31
December, 2003
*Company Directors*
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1
Name :
Mr. Chi-Yan Chow
Nationality :
Hong Kong
ID/Passport No. :
C673020(3)
Registered Address : Flat A,
2Fl, 3 Village Terrace, Happy Valley, Hong Kong
Country of Residence : Hong
Kong
2
Name :
Mr. Kwok-Hung Cheung
Nationality :
Hong Kong
ID/Passport No. :
C673020(3)
Registered Address : Flat PH
23D Block 23 Forest Hill 31 Lo Fai Rd, Tai Po, New Territories
Country of Residence : Hong
Kong
3
Name :
Mr. Ray Kin-Cheung Wong
Nationality :
Hong Kong
ID/Passport No. :
C632317(9)
Registered Address : Flat G
63Fl Tower 3 Metro Town 8 King Ling Rd, Tseung Kwan O, Hong Kong
Country of Residence : Hong
Kong
SC declined to release its management background at present.
*Main Products & Services*
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Specializes in the following areas of work:
1. Local purchase of wide range of precious metals jewellery.
2. Sales and distribution of products to local and international
markets.
Products: Bangles
Bracelets
Diamond
jewelry
Diamond set
jewelry
Earings
*Payment Terms*
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Sales
------
Local : Cash or credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
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Local : Cash or credit
*Associations*
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Member of the following associations:
- Hong Kong Jewelry Manufacturers Association
- Hong Kong Jewellery & Jade Manufacturers Association, The
(HKJJA)
*Exhibition Participation*
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Participated in the following local exhibitions:
Exhibition Fair Date
-------------------- -----------
Hong Kong Int'l Jewellery Show
March 2007
Hong Kong Jewellery & Watch Fair
June 2007
Hong Kong Jewellery & Watch Fair
September 2007
*Charges*
========
Total Amount outstanding on all mortgages and charges which are required
to be registered with the Registrar of Companies pursuant to sections 80 and 82
of the Companies Ordinance is HKD 3,238,513.90.
*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 to South East Asia
and South Africa.
*International Exhibition Participation*
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(1)
Exhibition fair : Australian
Jewellery Fair
Dates attended : 20-22 August,
2006
Location : Sydney
Exhibition Centre, Australia
(2)
Participated in the following international exhibitions:
Exhibition Fair Date
Location
---------------------- ------------
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JA New York Winter Show January 2007 USA
VicenzaOro 1 January 2007 Italy
Spring Fair Birmingham February 2007 United Kingdom
Oroarezzo March 2007 Italy
Jewelers International Showcase April 2007 Miami, USA
GLDA Las Vegas Gem & Jewelry Show May 2007 USA
VicenzaOro 2 May
2007
Italy
JA New York Summer Show July 2007 USA
International Jewellery London September 2007 United Kingdom
Orogemma September
2007
Italy
Jewelers International Showcase October 2007 Miami, USA
Hong Kong Jewelry Solo Exhibition October 2007 Miami, USA
JANY Special Delivery Show October 2007 USA
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : MIRANT
SUAL INVESTMENTS CORP
Address :
Suite 501 CTC Bldg 2232 Roxas Blvd Pasay City CPO Pasay 1300 NCR Philippines
Country :
Philippines
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type : Service
Industry :
Financial Services - General
PAYMENT RATING : 3 OBTAINED SCORES :
52
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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.
*Bank Details*
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Bank Name : HSBC
PRIVATE BANK (SUISSE) SA
Branch : :
Central, Hong Kong
Branch Address : Level
13 & 14 HSBC Main Bldg 1 Queen's Rd Central Hong Kong (Head Office)
SWIFT Code :
BLICHKHK
SC is considered medium-sized in its line with a short history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3911 Jewelry,
of precious metal
Exporting 3915 Jeweler's
findings and materials, and lapidary work
Exporting 3961 Jewelry
of materials other than solid gold, platinum & silver
Exporting 5094 Jewelry/Watches/Precious
Mtl
Trading 3911 Jewelry, of
precious metal
Trading 3915 Jeweler's
findings and materials, and lapidary work
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 7102 Diamonds,
worked or not, not mounted or set
Exporting 7103910000 Rubies, sapphires and emeralds, otherwise worked
Exporting 7113 Articles
of jewelry & parts, of precious metal or clad
Exporting 7114190000 Articles of gold or platinum whether or not plated or clad with
precious metal
Exporting 7115905000 Articles of platinum including metal clad with platinum
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7103910000 Rubies,
sapphires and emeralds, otherwise worked
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7114190000 Articles
of gold or platinum whether or not plated or clad with precious metal
Trading 7115905000 Articles
of platinum including metal clad with platinum
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Jewelry
Exporter Platinum
jewelry
Exporter Ruby set
jewelry
Exporter Sapphires
Exporter Bangles
Exporter Pendants
Exporter Earings
Exporter Bracelets
Exporter Rings
Exporter Sapphire
jewelry
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Africa
Exporting to Asia
Exporting to Australia
Exporting to Europe
Exporting to New Zealand
Exporting to North America
Exporting to Oceania
Exporting to South Africa
Exporting to USA
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%)