MIRA
INFORM REPORT
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Report Date : |
19.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
LEE HENG DIAMOND CO LTD |
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Registered Office : |
6FL Sino Plaza 256 Gloucester Rd Causeway Bay |
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Country : |
Hong Kong |
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Date of Incorporation : |
08.02. 1977 |
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Com. Reg. No.: |
0051535 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and local purchasing of precious stones, diamonds and other
related products. Sales and distribution of purchased products to local and
international markets. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
LEE
HENG DIAMOND CO LTD
6FL SINO PLAZA 256 GLOUCESTER RD
CAUSEWAY BAY, HONG KONG
TEL: 852-25261167 FAX: 852-28680170
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 8, 1977
REGISTRATION NO. :
0051535
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. ANNA MEE-NGAN CHAN (DIRECTOR)
STAFF STRENGTH :
750
CAPITAL :
US$ 15,424,165
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 7.78693 = 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 History*
===============
1949 - Started
importing and wholesaling diamonds, sourcing high quality gems and diamonds
from around the world, and distributing them in different Asian markets.
1966 - Choose to focus
its main business on the importing and wholesaling of diamonds.
1985 - Established MABROS JEWELLERY
CO LTD.
1992
- Established ABLEMASTER JEWELLERY MFG CO LTD.
1993
- Established MABELLE JEWELLERY CO LTD.
1998 - The brand MADIA
was founded, focusing on superior mid-range diamond jewellery.
1999 - The group
established MABROS GOLD CO LTD, a wholesaler specializing in quality Italian
gold Jewellery.
2000 - IAD JEWELLERY
LTD was founded to provide one-stop diamond jewellery supply chain solutions to
jewellery wholesalers and retailers around the globe.
2001 - MABELLE
extended its business network to Mainland China with the opening of the first
MABELLE shop in Shanghai.
2006 - The group
became the sole agent of LEO DIAMOND, one of the world's leading branded
diamond, in Asia.
*Company Registration*
==================
(1)
License number : 0051535
Date issued : 8
February, 1977
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 05073606-000
Date issued : N/A
Issuing authority : Business Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Nominal capital: HKD 120,000,000.00 divided into 240,000 ordinary shares
at HKD 500.00/-each, fully paid
*Office & Facilities*
================
Other website: www.mabellelife.com
Previous address: Rm 1201 China Bldg 29 Queen's Rd Central Hong
Kong
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
==================
Only EUNICA CO LTD can sign on behalf of the company with seal affixed.
www.leeheng.com
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: lhdgroup@leeheng.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 1
Total number of shares: 240,000
Shareholders Country
Number Amount (HKD) %
------------------------------ -------------- ------------- ----------------- ---------
LEE HENG JEWELLERY Hong
Kong 240,000.00 120,000,000.00 100.00
GROUP OF COMPANIES LTD
*Company Secretary*
================
EUNICA CO LTD
CR no. : 454936
Address : 6Fl Sino Plaza 256 Gloucester Rd Causeway Bay Hong Kong
*COMPANY DIRECTORS*
=====================
1
Name :
M/s. Anna Mee-ngan Chan
Nationality :
Hong Kong
ID/Passport No. :
A902252(2)
Registered Address : House A
66 Deep Water Bay Rd
Country of Residence : Hong
Kong
2
Name :
Mr. Franklin Chun-wai Ma
Nationality :
Hong Kong
ID/Passport No. :
D822101(5)
Registered Address : House A
66 Deep Water Bay Rd
Country of Residence : Hong
Kong
3
Name :
Mr. Lawrence Yung-yi Ma
Nationality :
Hong Kong
ID/Passport No. :
D119483(7)
Registered Address : House C
66 Deep Water Bay Rd, Deep water bay, Hong Kong
Country of Residence : Hong
Kong
4
Name :
Mr. Man-kwong Ho
Nationality :
Hong Kong
ID/Passport No. :
E481905(9)
Registered Address : Flat D
17Fl Hollywood Terrace - Tower B 268 Queen's Rd Central
Country of Residence : Hong
Kong
5
Name :
Mr. Maximilian Yung-kit Ma
Nationality :
Hong Kong
ID/Passport No. :
D126194(1)
Registered Address : House E
66 Deep Water Bay Rd, Deep water bay, Hong Kong
Country of Residence : Hong
Kong
6
Name :
Mr. Michael Charn-yui Ma
Nationality :
Hong Kong
ID/Passport No. :
A749507(5)
Registered Address : House A
66 Deep Water Bay Rd, Deep water bay, Hong Kong
Country of Residence : Hong
Kong
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Importing and local purchasing of precious stones, diamonds and other
related products.
2. Sales and distribution of purchased products to local and
international markets.
Products: Diamonds
Gems
Italian gold
Jewelry
Jewelry, precious
stone
*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 : Hong Kong
Int'l Jewelry Manufacturers Exhibition
Date attended : 6-9 March, 2000
Location : Hongkong
Convention & Exhibition Centre
*Mergers & Acquisitions*
===================
Type : Acquisition
Parties involved : FALCONER
JEWELLERS
Year of transaction : 1997
Detail :
The company acquired FALCONER JEWELLERS.
*Local Distribution Network*
======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
==============
Part of the annual turnover is attributed to export to South East
Asia.
*(Subsidiaries , Joint-ventures & Affiliates)
===============================
Company Name : ABLEMASTER JEWELLERY MFG CO LTD
Address : Unit 10-13, 2Fl Focal Industrial Centre - Block A 21 Man Lok
St Hunghom Kowloon Hong Kong
Country : Hong Kong
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Giftware & Jewellery
Company Name : IAD JEWELLERY LTD
Address : 6Fl Sino Plaza 256 Gloucester Rd Causeway Bay Hong Kong Hong
Kong
Country : Hong Kong
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Giftware & Jewellery
Company Name : MABELLE JEWELLERY (SHANGHAI) CO LTD
Address : 8Fl Hai Jia Bldg 41 Yong Jia Rd Shanghai China
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Giftware & Jewellery
Company Name : MABELLE JEWELLERY CO LTD
Address : 5Fl Sino Plaza 256 Gloucester Rd Causeway Bay Hong Kong Hong
Kong
Country : Hong Kong
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : MABELLELIFE.COM
Address : Rm 806, 8Fl Sino Plaza 256 Gloucester Rd Causeway Bay Hong
Kong Hong Kong
Country : Hong Kong
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : MABROS JEWELLERY CO LTD
Address : 1Fl Hing Wai Bldg 36 Queen's Rd Central Hong Kong Hong Kong
Country : Hong Kong
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : MADIA JEWELLERY INT'L CO LTD
Address : 5Fl Sino Plaza 256 Gloucester Rd Causeway Bay Hong Kong Hong
Kong
Country : Hong Kong
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : TRISTAR DIAMOND CUTTING LTD
Address : Bangplee Industrial Estate 411 Moo 17 Bangna-Trad Rd
Bangsaothong 10540 Samut Prakan Thailand
Country : Thailand
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
*Strategic Partners & Alliances*
========================
Group name : LEE HENG DIAMOND Group
Established : 1949
Founder : Hing-Chau Ma
Members : - MABROS JEWELLERY
CO LTD
-
FALCONER JEWELLERS
- MADIA
JEWELLERY INT'L CO LTD
-
MABELLE JEWELLERY CO LTD
-
MABELLELIFE
- MABROS
GOLD CO LTD
- IAD
JEWELLERY LTD
-
ABLEMASTER JEWELLERY MFG CO LTD
-
MABELLELIFE.COM
Details : Maintains
factories with more than 50,000 sq. ft. of floor space and about 500 employees
in Hong Kong and Mainland China.
PAYMENT RATING : 3 OBTAINED SCORES :
71
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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.
SC is considered large-sized in its line with a long history.
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 7102 Diamonds,
worked or not, not mounted or set
Trading 7105 Dust
& powder of nat or synth prec or semipr stone
Trading 7116 Articles
of natural or cut pearls, prec/semprc stones
Trading 7116201000 Jewelry
of precious or semiprecious stones
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Gems
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
Exporting to Europe
Exporting to Japan
Exporting to South Korea
Importing from Asia
Importing from Belgium
Importing from Europe
Importing from Israel
Importing from Middle East
Importing from North America
Importing from Oceania
Importing from USA
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%)