MIRA
INFORM REPORT
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Report Date : |
30.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
AXIS JEWELRY LTD |
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Registered Office : |
Unit E2, 10FL Hang Fung Industrial Bldg - Phase 2, 2g Hok Yuen St Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
10.11.2006 |
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Com. Reg. No.: |
1086515 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading 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 5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
AXIS
JEWELRY LTD
UNIT E2, 10FL HANG FUNG INDUSTRIAL BLDG -
PHASE 2,
2G HOK YUEN ST HUNGHOM KOWLOON, HONG KONG
TEL: 852-23624881 FAX: 852- 23624880
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 10, 2006
REGISTRATION NO. :
1086515
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. ALISON LEE (CHAIRMAN)
STAFF STRENGTH : 10
CAPITAL :
US$ 1,280
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80197 = 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 : 1086515
Date issued : 10 November, 2006
Issuing authority : Companies Registry
Legal form : Private company
Type of license : Corporate
(2)
License number : 37344639-000
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
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Registered capital : HKD 10,000.00 divided into 10,000 ordinary shares
at HKD 1.00/-each, fully paid.
*Approved Signatures*
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Only Alison Lee can sign on behalf of the company with seal affixed.
*Registrar*
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CHANSON ACCOUNTING CO LTD
www.axisjewelry.com The design
is professional and the content is well organized. At present it is in English
version.
E-mail: sales@axisjewelery.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 1
Total number of shares: 10,000
Shareholders Country Number Amount (HKD) %
Ms. Alison Lee Hong Kong 10,000.00 10,000.00 100.00
*COMPANY DIRECTORS *
======================
1
Name :
Ms. Alison Lee
Nationality :
Hong Kong
ID/Passport No. :
K367996(9)
Registered Address : J2-56
Fairview Park Yuen Long, Hong Kong
Country of Residence : Hong
Kong
*Main Products & Services*
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Specializes in trading of jewelry.
Products: Bangles
Bracelets
Jewelry
Necklaces
Pendants
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*International Exhibition Participation*
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Exhibition fair : Swiss Watch
Exhibition in Asia
Dates attended : 28 February - 2 March, 2008
Location : The
Venetian Macao Resort
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES :
48
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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 short history. A credit
line at the above amount appears to be beyond SC’s capacities, while a credit
line up to USD 5,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION
& ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry, of
precious metal
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 7113195000 Gold
jewelry, goldsmiths wares and other gold articles
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
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.95 |
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UK Pound |
1 |
Rs.85.62 |
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Euro |
1 |
Rs.67.81 |
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%)