MIRA
INFORM REPORT
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Report Date : |
30.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
JOALEX JEWELLERY LTD |
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Registered Office : |
Unit 3, 5FL Park Tower 15 Austin Rd Jordon Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
07.05.1997 |
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Com. Reg. No.: |
0606827 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of a wide range of jewelry. Sales and distribution of products to local and international markets. |
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 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
JOALEX
JEWELLERY LTD
UNIT 3, 5FL PARK TOWER 15 AUSTIN RD
JORDON KOWLOON, HONG KONG
TEL: 852-27224992 FAX: 852-27216812
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
7, 1997
REGISTRATION NO. :
0606827
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. HEI-YEUNG WONG (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,280
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO USD
10,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : 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*
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(1)
License number : 0606827
Date issued : 7 May, 1997
Issuing authority : Companies Registry
Legal form : Private Company Having Share Capital
Type of license : Corporate
(2)
License number : 20922696 - 000
Date issued : N/A
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 10,000.00
Paid-up capital : HKD
100.00 divided into 100 ordinary shares
*Approved Signatures*
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Mr. Hei-yeung Wong can sign on behalf of the company with seal affixed.
SC is not known to host website of its own at present.
E-mail: joalexhk@hotmail.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: 100
Shareholders Country Number Amount (HKD) %
Mr. Hei-yeung Wong Hong Kong 90.00
90.00 90.00
Mr. Tammy Hui-zhen Tan Singapore 10.00 10.00 10.00
*Company Secretary*
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COMPASS MANAGEMENT SERVICES LTD
Address : Flat B 7Fl Wing
Li Comm Bldg 168 Des Voeux Rd Central Hong Kong
CR number : 734354
*COMPANY DIRECTORS*
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1
Name :
Mr. Hei-yeung Wong
Nationality :
Hong Kong
ID/Passport No. :
H409651(9)
Registered Address : Unit 3,
5Fl Park Tower 15 Austin Rd, Jordan, Kowloon
Country of Residence : Hong
Kong
2
Name :
Mr. Tammy Hui-zhen Tan
Nationality :
Singapore
ID/Passport No. :
S7271996D
Registered Address : Block
239 Tampines St 21 #02-453, 520239
Country of Residence :
Singapore
*Main Products & Services*
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Specializes in the following areas of work :
1. Manufacture of a wide range of jewelry.
2. Sales and distribution of products to local and international
markets.
Products: 10K gold jewelry
14k gold
jewelry
18k gold
jewelry
24K gold
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)
*Exhibition Participation*
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Exhibition fair : Hong Kong
Int'l Jewelry Manufacturers Exhibition
Dates attended : 6-9 March, 2000
Location : Hongkong
Convention & Exhibition Centre
*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.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains a factory in China.
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 development history of
11 years. A credit line at the above amount appears to be beyond SC’s
capacities, while a credit line up to USD 10,000 is recommended.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3281 Cut stone and stone products
Manufacturing 3911 Jewelry,
of precious metal
Manufacturing 3961 Jewelry
of materials other than solid gold, platinum & silver
Manufacturing 5094 Jewelry/Watches/Precious
Mtl
Trading 3281 Cut stone
and stone products
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
Manufacturing 7102 Diamonds,
worked or not, not mounted or set
Manufacturing 7103 Precious
& semiprec stones, not strung etc
Manufacturing 7103104000 Other
precious and semiprecious stones, unworked, simply sawn, shaped
Manufacturing 7108 Gold
(incl put plated), unwr, semimfr or powder
Manufacturing 7113 Articles
of jewelry & parts, of precious metal or clad
Manufacturing 7113110000 Jewelry
and parts thereof, of silver
Manufacturing 7113195000 Gold
jewelry, goldsmiths wares and other gold articles
Manufacturing 7113200000 Jewelry
and parts, base metal clad w precious metal
Manufacturing 7114200060 Articles
of base metal clad with precious metal
Manufacturing 7116 Articles
of natural or cut pearls, prec/semprc stones
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Diamond gems
Manufacturer Diamonds
Manufacturer Fine gold jewelry
Manufacturer Fine silver
jewelry
Manufacturer Gold
Manufacturer Gold jewelry
Manufacturer Gold jewelry
sets
Manufacturer Jewelry
Manufacturer Precious metal
products
Manufacturer Precious
stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Italy
Exporting to Japan
Exporting to North America
Exporting to USA
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.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%)