MIRA INFORM REPORT
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Report Date : |
23.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
KTL JEWELLERY MANUFACTURER LTD |
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Registered Office : |
Unit 7, 12 Fl Fu Hang Industrial Bldg, 1 Hok Yuen St East Hunghom
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
29.06.1990 |
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Com. Reg. No.: |
281538 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of Fine Jewelry such as Gold, Platinum, Diamond Precious Stones
and Pearl. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Exists |
Name & address
KTL JEWELLERY
MANUFACTURER LTD
UNIT 7, 12FL FU HANG INDUSTRIAL BLDG
1 HOK YUEN ST EAST HUNGHOM KOWLOON, HONG KONG.
TEL: 852-23630022 FAX:
852-23638787
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 29, 1990
REGISTRATION NO. :
281538
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CALAN YEUK-LUN KEI (DIRECTOR)
STAFF STRENGTH :
30
CAPITAL :
US$ 64,020
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 150,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79686 = 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*
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License Number : 13812036 - 000
Issuing Authority : Business Registration Office - Inland Sales Dept
*Capital Details*
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Authorized capital : HKD 500,000.00 divided into 500,000 ordinary shares
at HKD 1.00/-each, fully paid
*Approved Signature*
==================
Only Mr. Precia Fung-yi Fong and TRICOR SECRETARIES LTD can sign on
behalf of the company with seal affixed.
www.ktljew.com
The web belongs to KTL Group. The design is professional and the content is
well organized. At present it is in English version.
E-mail: group@ktl.com.hk
Litigation ( 1 )
Position : Defendant
Other Parties Involved : Position Country Party's Name
Plaintiff Hong Kong CENTRALINK
PERSONNEL CONSULTANCY
Case Issue : A petition to the court claiming for service rendered
(filed under case no. SCT19102/95).
Date Commenced : 10 August, 1995
Status : Not stated
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: 500,000
Shareholders Country Number Amount (HKD) %
INFO DRAGON Virgin Islands
(British) 495,000.00 495,000.00 99.00
TRADING LTD
FOREVER SUCCESS Virgin Islands
(British) 5,000.00 5,000.00 1.00
INVESTMENTS LTD
*Company Secretary*
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TRICOR SECRETARIES LTD
Address : 28Fl Three Pacific
Place 1 Queen's Rd East Hong Kong
CR number : 14900
*COMPANY DIRECTORS*
======================
1
Name : Mr. Calan Yeuk-lun Kei
Nationality : Hong Kong
ID/Passport No. : G169700(4)
Registered Address : Unit 7, 12Fl Fu Hang Industrial Bldg 1 Hok Yuen St
East
Country of Residence : Hong Kong
2
Name : Mr. Man-chun Li
Nationality : Hong Kong
ID/Passport No. : G259065(3)
Registered Address : Unit 7, 12Fl Fu Hang Industrial Bldg 1 Hok Yuen St
East
Country of Residence : Hong Kong
3
Name : Mr. Precia Fung-yi Fong
Nationality : Hong Kong
ID/Passport No. : G646149(1)
Registered Address : Unit 7, 12Fl Fu Hang Industrial Bldg 1 Hok Yuen St
East, Hunghom, Kowloon
Country of Residence : Hong Kong
4
Name : Mr. Victor York-pang Kei
Nationality : Hong Kong
ID/Passport No. : E786523(A)
Registered Address : Unit 7, 12Fl Fu Hang Industrial Bldg 1 Hok Yuen St
East
Country of Residence : Hong Kong
5
Name : Mr. Yeuk-kui Kei
Nationality : Hong Kong
ID/Passport No. : G471549(6)
Registered Address : Unit 7, 12Fl Fu Hang Industrial Bldg 1 Hok Yuen St
East
Country of Residence : Hong Kong
*Main Products & Services*
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Specializes in trading of fine jewelry such as gold, platinum, diamond
precious stones and pearl.
Carries the following brands :
- KTL
- Otazu
- Rosso
Products: Diamond set jewelry
Fine jewelry
Gold jewelry
Pearl
Pearl 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 : Hongkong
International Jewellery Show 2000
Date attended : 6-9 March, 2000
Location : Hongkong
Convention & Exhibition Centre
*Machinery & Equipment*
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Machinery include:
Prototype Machine
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- Envision TEC
- Meiko modeling system
- Computerized numerical control
Design Software
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- Jewel CAD
- J-CAD3
- Alias
*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 to South East
Asia.
*(Subsidiaries , Joint-ventures & Affiliates)
===============================
Company Name : K'S PRODUCT INC
Address : Suite 350 1300 Clay St Oakland CA 94612 USA Oakland 94612
California USA
Country : USA
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
*Strategic Partners & Alliances*
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Group name : KTL Group
of Companies
Holding company : KTL JEWELLERY MANUFACTURER LTD
Member : K'S
PRODUCT INC
KTL CHINA FACTORY
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains a manufacturing plant in China and offices in USA and in Italy
with the following details:
China Factory
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Address : 1 YinPing Rd ShiQiao PanYu GuangDong, China
Details : - Produces no less
than 9,500,000 pcs of jewelry each year.
- Maintains a
total of 2,500 employees
Italy
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Address : Corso
Concordia 10 Milano 20129 Italy
Tel no. : 081-7642175
Telefaxno. : 081-7642174 /
02-76003633
PAYMENT RATING : 3 OBTAINED SCORES :
55
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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 MODERATE 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.
*BANK DETAILS*
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Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Central, Hong Kong
Branch Address : 9Fl HSBC Main Bldg 1 Queen's Rd
SWIFT Code : HSBCHKHH
Credit Amount: USD 500,000
SC is considered medium-sized in its line with a development history of
18 years. The above credit amount appears to be beyond SC’s capacities, while a
credit line up to USD 150,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
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
Trading 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7102100000 Diamonds,
unsorted
Trading 7103 Precious
& semiprec stones, not strung etc
Trading 7103102000 Rubies,
sapphires, emeralds and rock crystals, unworked or simply sawn or roughly
shaped, not strung, mounted or set
Trading 7103910000 Rubies,
sapphires and emeralds, otherwise worked
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113110000 Jewelry
and parts thereof, of silver
Trading 7113115000 Silver
jewelry, articles a pts incl pr mtl pltd silvr val ov $18 per dozen pieces or
parts
Trading 7113195000 Gold
jewelry, goldsmiths wares and other gold articles
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Platinum
jewelry
Trader Precious
diamond stones
Trader Precious metal
jewelry
Trader Ruby set
jewelry
Trader Sapphire set
jewelry
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Trading Type
Asia / Pacific Exporting
Europe Exporting
North America Exporting,
Importing
Italy Exporting
USA Exporting,
Importing
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 42.33 |
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UK Pound |
1 |
Rs.84.32 |
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Euro |
1 |
Rs.66.75 |
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%)