MIRA
INFORM REPORT
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Report Date : |
30.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUN SANG JEWELRY CO |
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Registered Office : |
RM 1502, 15FL Star House Harbour Center 3 Salisbury Rd Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
01.03.2001 |
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Com. Reg. No.: |
31647213-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Importing and local purchasing of jewelry products. Sales and distribution of purchased products to local and export
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 6,500 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
SUN
SANG JEWELRY CO
RM 1502, 15FL STAR HOUSE HARBOUR CENTER
3 SALISBURY RD TSIMSHATSUI KOWLOON, HONG
KONG
TEL: 852-23141688 FAX: 852- 23140138
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 1, 2001
REGISTRATION NO. :
31647213-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. TOMMY LEE (MANAGER)
STAFF STRENGTH :
5
CAPITAL :
N/A
BUSINESS LINE :
TRADER & 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 6,500
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*
===================
License number : 31647213-000
Date issued : 1 March, 2001
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of License : Business
SC is not known to host website of its own at present.
E-mail: sun_sang_@hotmail.com
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholders.
Management: Mr. Tommy Lee, Manager
Name Nationality
Job Description Dept. / Division
Mr. Tommy Lee Hong Kong
Manager Sales
*Main Products & Services*
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Specializes in the following areas of work :
1. Importing and local purchasing of jewelry products.
2. Sales and distribution of purchased products to local and export
markets.
Products: Diamond jewelry
Emerald
jewelry
Jewelry parts
Jewelry
settings
Mounting
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Trasnfer (T/T)
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic
Trasnfer (T/T)
*Exhibition Participation*
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Exhibition fair : Hongkong
International Jewellery Show 2000
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.
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 sole proprietorship 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 7
years. A credit line at the above amount appears beyond SC’s capacities, while
a credit line up to USD 6,500 is recommended.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3961 Jewelry
of materials other than solid gold, platinum & silver
Manufacturing 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 7103910000 Rubies,
sapphires and emeralds, otherwise worked
Manufacturing 7113 Articles
of jewelry & parts, of precious metal or clad
Manufacturing 7113110000 Jewelry
and parts thereof, of silver
Manufacturing 7115 Articles
of or clad with precious metal
Manufacturing 7115905000 Articles
of platinum including metal clad with platinum
Manufacturing 7116 Articles
of natural or cut pearls, prec/semprc stones
Manufacturing 7116204050 Articles
of precious or semiprecious stones, not jewelry
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Platinum
jewelry
Manufacturer Silver
jewelry
Manufacturer Jewelry
settings
Manufacturer Mounting
Manufacturer Jewelry parts
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Europe
Exporting to Italy
Importing from Asia
Importing from China
Importing from North America
Importing from USA
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%)