MIRA
INFORM REPORT
|
Report Date : |
10.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
UNIRICH JEWELLERY LTD |
|
|
|
|
Registered Office : |
RM 902-3, 9FL Hilder Centre 2 Sung Ping St Hunghom Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
26.05.2006 |
|
|
|
|
Com. Reg. No.: |
1048060 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importing and Local Purchasing of diamonds, diamond jewelry, colored
stoned jewelry and semi-precious jewelry. Sales and Distribution of purchased products to local and
international market. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
UNIRICH
JEWELLERY LTD
RM 902-3, 9FL HILDER CENTRE 2 SUNG PING ST
HUNGHOM KOWLOON, HONG KONG.
TEL: 852-23762007 FAX: 852-23763734
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
26, 2006
REGISTRATION NO. :
1048060
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. SOHAN GOENKA (CHAIRMAN)
STAFF STRENGTH :
15
CAPITAL :
US$ 320,102
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80162 = 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
*OTHER LICENSE*
================
License Number : 36787961-000
Issuing Authority : Business Registration Office - Inland Revenue Dept
*Company Registration*
===================
(1)
License number : 1048060
Date issued : 26 May,
2006
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 36787961-000
Year issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Authorized capital : HKD 2,500,000.00 divided into 2,500,000 ordinary
shares at HKD 1.00/-each
www.unirichgroup.com
The design is professional and the content is well organized. At present it is
in English version.
E-mail: info@uniricjjew.com
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders: 2
Total number of shares: 2,500,000
Shareholders Country Number Amount (HKD) %
Mr. Asha Goenka India 1,750,000.00 1,750,000.00 70.00
Mr. Sohan Goenka India 750,000.00 750,000.00 30.00
*Company Secretary*
=================
BUTTAR HK LTD
Address : 1Fl Mau Lam Commercial Bldg 16-18 Mau Lam St Jordan, Kowloon
Hong Kong
CR No. : 975326
*COMPANY DIRECTORS*
======================
1
Name :
Mr. Asha Goenka
Nationality : India
ID/Passport No. :
K306069(1)
Registered Address : 12/F
Flat 5, 5-7 Chatham Rd, Tsimshatsui South, Kowloon
Country of Residence : Hong
Kong
2
Name :
Mr. Sohan Goenka
Nationality :
India
ID/Passport No. :
K306069(1)
Registered Address : 12/F
Flat 5, 5-7 Chatham Rd, Tsimshatsui South, Kowloon
Country of Residence : Hong
Kong
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Importing and local purchasing of diamonds, diamond jewelry, colored
stoned jewelry and semi-precious jewelry.
2. Sales and distribution of purchased products to local and
international market.
Products: Bangles
Bracelets
Brooches
Colored stone
jewelry
Diamond
cutters
*Payment Terms*
==============
Sales
-------
Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
--------------
Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Exhibition Participation*
====================
Exhibition fair : June Hong
Kong Jewellery & Watch Fair
Dates attended : 19-22 June, 2008
Location : Hong Kong Convention
& Exhibition Centre
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
==============
Part of the annual turnover is attributed to export.
*International Exhibition Participation*
==============================
(1)
Exhibition fair : Mideast
Watch and Jewellery Show
Date attended : 15-19 April ,
2008
Location : Expo Centre
Sharjah
(2)
Exhibition fair : The Macau
Jewellery & Watch Fair
Scheduled date : 8-11 January, 2009
Location : Convention
and Exhibition Center at The Venetian Macao
*LOCAL BRANCHES & MANAGEMENT*
=================================
Branch :
UNIRICH JEWELLERY LTD - A-ONE STORE
Branch Address :
2Fl Carnavon Mansion 8-10 Carnarvon Rd Tsimshatsui, Kowloon,
Branch Tel :
[+852] 35808175
*Strategic Partners & Alliances*
=========================
Group/Alliance name : UNIRICH GROUP
Year founded : 1984
Founder : Mr. Sohan Goenka
Holding company : UNIRICH
JEWELLERY LTD
Group members : - RICH
DIAMONDS INC, Japan
- RICH GEMS INC, USA
- EMGEEN GEMS LTD, Thailand
- SHANTI ENTERPRISES, India
Details :
Member of Jewelry Board of Hong Kong, Thailand, Japan and USA.
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains factory in China which employs 3000 staff.
PAYMENT RATING : 4 OBTAINED SCORES :
48
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3911 Jewelry,
of precious metal
Exporting 3961 Jewelry
of materials other than solid gold, platinum & silver
Exporting 5094 Jewelry/Watches/Precious
Mtl
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
Exporting 7102 Diamonds,
worked or not, not mounted or set
Exporting 7102100000 Diamonds, unsorted
Exporting 7113 Articles
of jewelry & parts, of precious metal or clad
Exporting 7113110000 Jewelry and parts thereof, of silver
Exporting 7116 Articles
of natural or cut pearls, prec/semprc stones
Exporting 7116201000 Jewelry of precious or semiprecious stones
Exporting 9101 Watches,
wrist, pocket etc, prec metal or clad case
Exporting 9102 Watches,
wrist, pocket etc, case not prec nor clad
Exporting 9114200000 Clock or watch jewels
Trading 7102 Diamonds,
worked or not, not mounted or set
DETAILED PRODUCT CLASSIFICATION
& ACTIVITY
Activity Product/Service Description
Exporter Bracelets
Exporter Bangles
Exporter Brooches
Exporter Watches
14k/18k
Exporter Platinum
jewelry
Exporter Diamond
jewelry
Exporter Diamonds
Exporter Colored stone
jewelry
Exporter Semi precious
jewellery
Exporter Diamond
cutters
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Country / Region Trading Type
Asia / Pacific Exporting,
Importing
Europe Exporting
Middle-East Exporting
North America Exporting
Australia Exporting
China Exporting,
Importing
India Exporting,
Importing
Italy Exporting
Japan Exporting
Pakistan Exporting
South Korea Exporting
Thailand Importing
USA Exporting
United Kingdom Exporting
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.16 |
|
UK Pound |
1 |
Rs.85.51 |
|
Euro |
1 |
Rs.67.95 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)