MIRA
INFORM REPORT
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Report Date : |
07.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
KGK JEWELLERY MFG LTD |
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Registered Office : |
14FL Chevalier House 45-51 Chatham Rd Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
22.09.2000 |
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Com. Reg. No.: |
0732323 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Imports and local purchase of jewelry, watches, precious stones and
precious metals. 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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
KGK JEWELLERY
MFG LTD
14FL CHEVALIER HOUSE 45-51 CHATHAM RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-27239828 FAX: 852-27397584
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 22, 2000
REGISTRATION NO. :
0732323
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. SANJAY NAVRATTAN KOTHARI (MANAGING DIRECTOR)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,920,615
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 7.79583= 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 : 0732323
Date issued : 22 September, 2000
Issuing authority : Companies Registry
Legal form : Private Limited Company
Type of license : Corporate
(2)
License number : 31272329 - 000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
==============
Share value :
HKD 1.00/-each
Authorized capital : HKD
15,000,000.00 divided into 15,000,000 ordinary shares
Paid-up capital : HKD 10,640,000.00 divided into
10,640,000 ordinary shares
*Approved Signatures*
===================
Only Mr. Sanjay Navrattan Kothari can sign on behalf of the company with
seal affixed.
www.kgkgroup.com
This website belongs to “KGK Group”. The design is professional and the content
is well organized. At present it is in English version.
E-mail: kgkhk@kgkgroup.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 3
Total number of shares : 10,640,000
Shareholders Country Number Amount (HKD) %
UNITED PACIFIC EXCEL LTD Virgin Islands (British) 9,360,000.00
9,360,000.00 87.97
Mr. Sanjay Navrattan Kothari India 652,800.00 652,800.00 6.14
Mr. Manju Kothari India 627,200.00 627,200.00 5.89
*Corporate Secretary*
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LOUIS LAI COMPANY SECRETARIAL SERVICES LTD
Address : 9Fl Surson
Commercial Bldg 140-142 Austin Rd Tsimshatsui Kowloon Hong Kong
E-mail address :
lailuk@netvigator.com
CR number : 686503
Management: Mr. Sanjay Navrattan Kothari, Managing Director
Name Nationality
Job Description
Mr. Sanjay Navrattan Kothari Indian
Managing Director
*COMPANY DIRECTORS*
======================
1
Name :
Mr. Manju Kothari
Nationality :
India
ID/Passport No. :
K780443(1)
Registered Address : Flat B
& C, 8Fl Robinson Garden Apartment 3 Robinson Rd, Central, Hong Kong
Country of Residence : Hong
Kong
2
Name :
Mr. Sanjay Navrattan Kothari
Nationality :
India
ID/Passport No. :
K780443(1)
Registered Address : Flat B
& C, 8Fl Robinson Garden Apartment 3 Robinson Rd, Mid-levels, Hong Kong
Country of Residence : Hong
Kong
*Main Products & Services*
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Specializes in the following areas of work :
1. Imports and local purchase of jewelry, watches, precious stones and
precious metals.
2. Sales and distribution of products to local and international
markets.
Products: Jewelry
Precious
metals
Precious
stones
Watches
*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.
*(Subsidiaries , Joint-ventures & Affiliates)
==============================
Company Name :
KGK JEWELLERY (HK) LTD
Country :
Hong Kong
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Trader
Industry :
Giftware & Jewellery
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains manufacturing plant in China.
*Strategic Partners & Alliances*
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Group name : KGK
Group
Year established :
1905
PAYMENT RATING : 3 OBTAINED SCORES :
50
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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 8
years.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3873 Watches,
clocks, clockwork operated devices, and parts,
Trading 3911 Jewelry, of
precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7114200060 Articles
of base metal clad with precious metal
Trading 7116204050 Articles
of precious or semiprecious stones, not jewelry
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Japan
Exporting to Middle East
Exporting to North America
Exporting to USA
Importing from Asia
Importing from China
Importing from Japan
Importing from Middle East
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.43.37 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.68.08 |
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%)