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MIRA
INFORM REPORT
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Report Date : |
02.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
CONTINENTAL JEWELLERY (MFG) LTD |
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Registered Office : |
Unit M 1FL Kaiser Estate - Phase 3, 11 Hok Yuen St Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.07. 1975 |
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Com. Reg. No.: |
43649 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and local purchasing of materials used in production. Designing and manufacturing of a wide range of jewelry under Quattour
brand. |
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 250,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
CONTINENTAL
JEWELLERY (MFG) LTD
UNIT M 1FL KAISER ESTATE - PHASE 3,
11 HOK YUEN ST HUNGHOM KOWLOON, HONG KONG
TEL: 852-23638882 FAX: 852-27657516
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 25, 1975
REGISTRATION NO. :
43649
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CHARLES SING-CHUK CHAN (CHAIRMAN)
STAFF STRENGTH :
100
CAPITAL :
US$ 1,285,347
BUSINESS LINE :
TRADER AND MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 250,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80431 = 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
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*Company Registration*
===================
(1)
License number :
43649
Date issued : 25 July, 1975
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 04502967-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Authorized capital : HKD 10,000,000.00 divided into 10,000,000 ordinary
shares at HKD 1.00/-each, fully paid
*Office & Facilities*
================
Comment : Premises is shared
with parent company, CONTINENTAL HOLDINGS LTD.
Other e-mail : mailnet@continental.com.hk
*Industry Ranking*
===============
Considered as one of the leading exporters to the world.
*Awards*
========
Received the following awards :
(1)
Award : Hong Kong Young Industrialist Award
Year : 1989
(2)
Award : Hong Kong Jewellery & Watch Fair Award
Year : 1989
Details :
Awards for bangle, earring and necklace categories.
(3)
Award : Award of
Excellence, Gold of Men
Awarded by : International Gold Trends Jewellery Design
Competition
Year : 1987
Details : Award for
men brooch category
(4)
Award : Certificate of Merit in Productivity
Awarded by : HK Productivity Council (HKPC)
Year : 1997
(5)
Award :
Quality Service Award Winner
Year : 1997
Details : Received the awards in De Beers Diamond
Month Competition.
Also received awards from the following competition:
(1)
Competition name : S.E.
Asian Diamond Design Competition
Year :
1989
Details : For necklace category.
(2)
Competition name : De
Beers Diamond Month Competition
Year : 1998
(3)
Competition name : De
Beers Millennium Hallmark Diamond Jewellery Campaign
Year :
1999
(4)
Competition name : S.E.
Asian Diamond Design Competition
Details : For ladies' Jewellery
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www.continental.com.hk The
web contains information of Continental
Holdings Limited. The design is professional and the content is well
organized. At present it is in English version.
E-mail: info@continental.com.hk
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For the past two years there is no record of litigation.
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*Major Shareholders*
================
Total number of shareholders: 2
Total number of shares: 10,000,000
Shareholders Country Number Amount (HKD) %
------------------- --------------- -------------- --------------- --------
CONTINENTAL HOLDINGS LTD Hong Kong 9,999,999.00 9,999,999.00
100.00
CASTLE JEWELLERY LTD Hong Kong 1.00 1.00 -
*Corporate Ownership*
=================
A locally-owned company.
*Company Secretary*
================
CASTLE JEWELLERY LTD
CR no : 69639
Address : Unit M & N 1Fl Kaiser Estate - Phase 3, 11 Hok Yuen St
Hunghom Kowloon Hong Kong
%20LTD%2002-Jun-2008_files/image007.gif){kind=small}
Management: Mr. Charles Sing-chuk Chan, Managing Director
Name Nationality
Job Description
Mr. Charles Sing-chuk Chan Hong
Kong Managing Director
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*Main Products & Services*
======================
Specializes in the following areas of work :
1. Importing and local purchasing of materials used in production.
2. Designing and manufacturing of a wide range of jewelry under Quattour
brand.
3. Sales and distribution of manufactured products to local and international
markets.
Products: Bangles
Costume
jewelry
Diamond set
jewelry
Earrings
Emerald
jewelry
*Payment Terms*
==============
Sales
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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*
====================
Participated in the following local exhibitions:
(1)
Exhibition fair: Hong Kong Int'l Jewelry Manufacturers Exhibition
Date attended: 6-9 March, 2000
Location : Hongkong
Convention & Exhibition Centre
(2)
Exhibition fair : Hong Kong
Int'l Jewelry Manufacturers Exhibition
Dates attended : 6-10 March,
2007
Location : Hongkong
Convention & Exhibition Centre
(3)
Exhibition fair : Hong Kong
Jewellery & Watch Fair HKCEC
Dates attended : 25-29 September, 2007
Location : Hongkong
Convention & Exhibition Centre
(4)
Exhibition fair : HK Int'
Jewellery Show
Dates attended : 4-8 March, 2008
Location : Hong Kong
Future Exhibition
-----------------------
Exhibition fair : HK Jewellery
& Watch Fair 2008
Dates : 17-21 September, 2008
Location : Hong Kong
*Associations*
============
Member of the following associations:
- The Hong Kong Jewellery & Jade Manufactures Association
- Diamond Federation of Hong Kong
- Better Business & Tourism Service Association
- Certificate of Quality Tourism Services
- Shanghai Diamond Exchange
- Federation of Hong Kong Industries
*Local Distribution Network*
=======================
Small percentage of the annual turnover is attributed to local sales.
*Export Markets*
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Majority of the annual turnover is attributed to export.
*International Exhibition Participation*
=============================
Participated in the following international exhibitions:
(1)
Exhibition fair : VicenzaOro1
Dates attended : 14-21 January, 2007
Location : Vicenza,
Italy
(2)
Exhibition fair : JA
International Jewelry (Winter_ Show)
Dates attended : 21-23 January, 2007
Location : New York,
USA
(3)
Exhibition fair : JCK NYC
Invitational
Dates attended : 4-6 February, 2007
Location : New York,
USA
(4)
Exhibition fair : Basel World
Dates attended : 12-19 April, 2007
Location : Basel,
Switzerland
(5)
Exhibition fair : VicenzaOro2
Dates attended : 12-16 May, 2007
Location : Vicenza,
Italy
(6)
Exhibition fair : JCK Show-Las
Vegas
Dates attended : 1-5 June, 2007
Location : Las Vegas,
USA
(7)
Exhibition fair : JA
International Jewelry (Summer) Show
Dates attended : 29 July, 2007 - 1 August, 2007
Location : New York,
USA
(8)
Exhibition fair : Orogemma
Dates attended : 15-19 September, 2007
Location : Vicenza,
Italy
(9)
Exhibition fair : JANY Special
Delivery Show
Dates attended : 28-30 October, 2007
Location : New York,
USA
(10)
Exhibition fair : FIRST
(Vicenzaoro Winter)
Dates attended : 13-20 January, 2008
Location : Vicenza,
Italy
(11)
Exhibition fair : HKJJMA
Jewelry Trade Show
Dates attended : 26-28 January, 2008
Location : New York,
USA
(12)
Exhibition fair : Baselworld
Dates attended : 3-10 April, 2008
Location : Basel,
Switzerland
(13)
Exhibition fair : CHARM
(Vicenzaoro Spring)
Dates attended : 17-21 May, 2008
Location : Vicenza,
Italy
Future Exhibitions
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(1)
Exhibition fair : JCK Show
Dates : 30 May -
3 June, 2008
Location : Las Vegas,
USA
(2)
Exhibition fair : JA Int'l Jewelry (Summer) Show
Dates : 27-30
July, 2008
Location : New York,
USA
(3)
Exhibition fair : CHOICE
(Vicenzaoro Autumn)
Dates : 6-10
September, 2008
Location : Vicenza,
USA
(4)
Exhibition fair : JANY Special
Delivery Show
Dates : 26-28
October, 2008
Location : New York,
USA
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*Strategic Partners & Alliances*
=========================
Group name :
CONTINENTAL GROUP
Founder : Charles Sing-chuk Chan
No. of employees : 2,700
Details : -
The group maintains an investment portfolio including property development and
other industries.
- Maintains production plants in Hong Kong and China with full
capabilities in jewelry design, direct stone sourcing, stone cutting, lapidary,
alloying and gold refining.
- Also maintains fully-integrated diamond cutting and polishing
facilities in Panyu, China with over 700 skillful workers.
*(Subsidiaries , Joint-ventures & Affiliates)
==============================
Company Name : CJ (UK) LTD
Address : Sovereign Court 7 Graham St Hockley Birmingham B13JR West
Midlands United Kingdom
Country : United Kingdom
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : CONTI DIAMOND LTD
Address : OT 206, 2Fl Ocean Terminal Salisbury Rd Tsimshatsui Kowloon
Hong Kong
Country : Hong Kong
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Giftware & Jewellery
Company Name : CONTI DIAMOND LTD
Address : 59, Basement Fl Sunlight Department Store - GuoMao Shopping
Mall Beijing China
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : CONTINENTAL DIAMOND (JIANGMEN) CO LTD
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Giftware & Jewellery
Company Name : CONTINENTAL JEWELLERY (JIANGMEN) CO LTD
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Giftware & Jewellery
Company Name : CONTINENTAL JEWELRY (USA) INC
Address : Suite 300, 115 West 30th St New York 10001 New York USA
Country : USA
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : GENERAL JEWELLERY (SHANGHAI) CO LTD
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Giftware & Jewellery
Company Name : MING XIU DIAMOND CUTTING FACTORY (PANYU) LTD
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Giftware & Jewellery
*OVERSEAS AGENTS AND DISTRIBUTORS*
====================================
Agent : QUALIGEM DESIGNS LTD
Country of Origin : Canada
Product Description : Jewelry
Brand : Quattour
Year : 2004
Agent : CONTINENTAL JEWELRY (USA) INC
Country of Origin : USA
Product Description : Jewelry
Brand : Quattour
Year : 2004
*Subsidiaries, Joint-ventures & Affiliates*
===============================
Maintains manufacturing facilities in China with approximately 1,500
staff and sales offices in UK and Spain.
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PAYMENT RATING : 3 OBTAINED SCORES :
61
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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.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*BANK DETAILS*
===============
Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Hunghom, Kowloon
Branch Address : 9Fl HSBC Main Bldg 1 Queen's Rd Central Hong Kong (Head
Office)
SWIFT Code : HSBCHKHH
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SC is considered medium-sized in its line with a development history of
33 years. A credit line at the above amount appears beyond SC’s capacities,
while a credit line up to USD 250,000 is recommended.
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
Manufacturing 3911 Jewelry,
of precious metal
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
Exporting 7100 Pearls, stones, prec. metals,
imitation jewelry, coins
Exporting 7103102000 Rubies, sapphires, emeralds and rock crystals, unworked or
simply sawn or roughly shaped, not strung, mounted or set
Exporting 7103995000 Gemstones otherwise worked not suitable for use in jewelry
Exporting 7113 Articles
of jewelry & parts, of precious metal or clad
Exporting 7113205000 Jewelry of base metal clad with precious metal
Exporting 7116204050 Articles of precious or semiprecious stones, not jewelry
Manufacturing 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Manufacturing 7103102000 Rubies,
sapphires, emeralds and rock crystals, unworked or simply sawn or roughly shaped, not strung, mounted or set
Manufacturing 7103995000 Gemstones
otherwise worked not suitable for use in jewelry
Manufacturing 7113 Articles
of jewelry & parts, of precious metal or clad
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Earrings
Exporter Rings
Exporter Costume
jewelry
Exporter Jewelry
Exporter Diamond set
jewelry
Exporter Gem, set
jewelry
Exporter Platinum
jewelry set
Exporter Platinum
jewelry
Exporter Bangles
Exporter Emerald
jewelry
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Australia
Exporting to Canada
Exporting to China
Exporting to Europe
Exporting to Italy
Exporting to Japan
Exporting to North America
Exporting to Oceania
Exporting to Switzerland
Exporting to USA
Exporting to United Kingdom
Importing from Asia
Importing from China
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%)