MIRA
INFORM REPORT
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Report Date : |
25.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
ON LINE JEWELLERY MANUFACTURER CO LTD |
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Registered Office : |
Flat 1111, 11fl Peninsula Square, 18 Sung On St Hunghom Kowloon, |
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Country : |
Hong Kong |
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Date of Incorporation : |
13.10.1989 |
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Com. Reg. No.: |
0264409 |
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Legal Form : |
Private Limited |
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Line of Business : |
Trading Wide Range of Jewelry |
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 : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME & ADDRESS
ON LINE JEWELLERY MANUFACTURER CO LTD
FLAT 1111, 11FL PENINSULA SQUARE, 18 SUNG ON ST HUNGHOM KOWLOON, HONG
KONG.
TEL: 852-25242175
FAX: 852-28772118
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 13, 1989
REGISTRATION NO. :
0264409
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. JEFFRY CHI-MING WONG (MANAGING DIRECTOR)
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
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80983 = 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*
==================
License number : 0264409
Date issued : 13 October, 1989
Issuing authority : Companies Registry
Type of license : Corporate
License number : 13270640-000
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
*Company Name*
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Incorporated as : ON LINE LTD
Date of incorporation : 13 October, 1989
Change name to : ON LINE TRAVEL & TRADING LTD
Date of changed : 27 April, 1993
Change name to : ON LINE LTD
Date of changed : 31 May, 1994
Change name to : ON LINE LTD
Date of changed : 14 December, 1995
Change name to : ON LINE JEWELLERY MANUFACTURER CO LTD
Date of changed : 5 December, 1997
*Capital Details*
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Authorized capital : HKD
1,000,000.00 divided into 1,000,000 ordinary shares at HKD 1.00/-each, fully
paid
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Only MASTER WILL LTD can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
E-mail: magfrey@netvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: 1,000,000
Shareholders %
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MING FUNG INVESTMENT HOLDINGS LTD
99.00
Mr. Jeffry Chi-ming Wong 1.00
*Directors' Details*
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Yuk-lun Chung
HKID no :
D575677(5)
Address : Flat A 11Fl Block 15 Villa Rhapsory 533
Sai Sha Rd Sai Kung New Territories
Philip Fei Yu
Passport no : 205048155
Address : Flat D 12Fl Tower 2, 80 Robinson Rd
Mid-levels Hong Kong
*Corporate Secretary*
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MASTER WILL LTD
Address : Rm 1825, 18Fl
Hutchison House 10 Harcourt Rd Central Hong Kong
Management: Mr. Jeffry Chi-ming Wong, Managing Director
Name Nationality
Job Description
Mr. Jeffry Chi-ming Wong Hong
Kong Managing Director
*Key Personnel*
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Jeffry Chi-ming Wong
HKID no : C374689(3)
Addresses : Flat E 17Fl Bevedere Garden Block 6 Phase 3
Castle Peak Rd Tsuen Wan New Territories
Responsibility : Handles the overall
management of the company.
*Main Products & Services*
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Specializes in trading wide range of jewelry.
Products: 14k gold jewelry
18k gold
jewelry
18k jewelry
18k platinum
jewelry
9k gold
jewelry
*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)
*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.
*International Exhibition Participation*
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Participated in the following international exhibitions:
Exhibition fair : Jewellery Arabia 2005
Dates attended : 23-27 November,
2005
Location : Bahrain
Int'l Exhibition Centre
Exhibition fair : JCK Las
Vegas 2006
Dates attended : 3-7 June, 2006
Location : World Fair,
The JACK Show Nonwalk, CT 06851
Exhibition fair : The 5th
Shanghai Int'l Jewellery Fair
Dates attended : 12-15 May, 2005
Location : 4Fl
Shanghai Mart Shanghai China
Exhibition fair : Hongkong International Jewellery Show 2000
Date attended : 6-9 March, 2000
Location : Hongkong
Convention & Exhibition Centre
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains factory in Guangdong, China with an area of 60,000 sq. feet.
PAYMENT RATING : 3 OBTAINED SCORES : 53
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Rating Key |
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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financial.
SC is considered an old-established business in medium size. Credit in
the range of moderate amount can be considered.
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 7113
Articles of jewelry &
parts, of precious metal or clad
Trading 7113110000
Jewelry and parts thereof, of silver
Trading 7113195000
Gold jewelry, goldsmiths wares and
other gold articles
Trading 7116201000 Jewelry of precious or semiprecious
stones
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Trader 18k jewelry
Trader 18k platinum jewelry
Trader 9k gold jewelry
Trader Silver jewelry
Trader Fine gold jewelry
Trader Precious stones
Trader Pearl
Trader Sterling silver
Trader Gold jewellery set w/
diamonds
Trader Gemstones
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Middle
East
Exporting to North
America
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%)