MIRA
INFORM REPORT
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Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
K & A GEMS LTD |
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Registered Office : |
Unit 7, 12FL 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 : |
27.07.1993 |
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Com. Reg. No.: |
0438309 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading a wide range of Jewelry Products. |
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
K
& A GEMS 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 :
JULY 27, 1993
REGISTRATION NO. :
0438309
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CALAN YEUK-LUN KEI (DIRECTOR)
STAFF STRENGTH :
25
CAPITAL :
US$ 1,285
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80902 = 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*
===================
(1)
License number : 0438309
Date issued : 27 July,
1993
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 17379103-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital: HKD 10,000.00 divided into 10,000 ordinary shares at
HKD 1.00/-each, fully paid
*Approved Signatures*
==================
The directors can sign on behalf of the company with seal affixed.
- Precia Fung-yi Fong
- Man-chun Li
www.ktl.com.hk
This website belongs to “KTL GROUP”. The design is professional and the content
is well organized. At present it is in English version.
E-mail: stone@ktl.com.hk
For the past two years there is no record of litigation.
*Major Shareholder*
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Total number of shareholders: 2
Total number of shares: 10,000
Shareholders Country Number Amount (HKD) %
----------------- ---------------------------- ------------- --------------- ----------
RICH DELTA RESOURCES LTD Virgin Islands (British) 9,900.00
9,900.00 99.00
FOREVER SUCCESS Virgin
Islands (British) 100.00 100.00 1.00
INVESTMENTS LTD
*Company Secretary*
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TRICOR SECRETARIES LTD
CR no. :
0014900
Address :
28Fl Three Pacific Place 1 Queen's Rd East Hong Kong
Date of appointment : 20 May, 2007
*COMPANY DIRECTORS*
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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, Hunghom, Kowloon
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. 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
4
Name : Ms. 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
*Main Products & Services*
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Specializes in trading a wide range of jewelry products.
Products: Gemstones
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 worldwide.
*Strategic Partners & Alliances*
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Group name : KTL Group
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 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 long development
history.
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
Trading 7103 Precious
& semiprec stones, not strung etc
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7115 Articles
of or clad with precious metal
Trading 7116 Articles
of natural or cut pearls, prec/semprc stones
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 9100 Clocks
& watches & parts thereof
Trading 9102 Watches,
wrist, pocket etc, case not prec nor clad
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Africa
Exporting to Asia
Exporting to Europe
Exporting to Middle East
Exporting to North America
Exporting to Oceania
Exporting to South America
Importing from Africa
Importing from Asia
Importing from Europe
Importing from Middle East
Importing from North America
Importing from Oceania
Importing from South America
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%)