MIRA
INFORM REPORT
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Report Date : |
26.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
L G CREATION LTD |
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Registered Office : |
Flat 6, 1FL 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 : |
13.05.2005 |
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Com. Reg. No.: |
0970206 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of Rings, Bracelets, Bangles and other related products to Local
and International Markets |
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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Maximum Credit Limit : |
USD 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
L G
CREATION LTD
FLAT 6, 1FL FU HANG INDUSTRIAL BLDG 1 HOK
YUEN ST
EAST HUNGHOM KOWLOON, HONG KONG.
TEL: 852-34211699 FAX: 852- 34212131
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
13, 2005
REGISTRATION NO. :
0970206
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. MULIA GUSAWIR (CHAIRMAN)
STAFF STRENGTH :
6
CAPITAL :
US$ 257,069
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 10,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
HKD 7.80681 = 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 0970206
Date issued 3 May, 2005
Issuing authority
Companies Registry
Legal form Private Limited Company
Type of license Corporate
(2)
License number : 5641716-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Share value : HKD 1.00/-each
Authorized capital : HKD
2,000,000.00 divided into 2,000,000 ordinary shares
Paid-up capital : HKD 10,000.00 divided into 10,000
ordinary shares
*Office & Facilities*
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Previous address : Flat C 6Fl HOP Hing Industrial Bldg 702-704 Castle
Peak Rd Lai Chi Kok Hunghom Kowloon
*Approved Signatures*
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Only Mr. Gusawir Mulia can sign on behalf of the company with seal
affixed.
www.lgcreation.com
The design is professional and the content is well organized. At present it is
in English version.
E-mail: info@lgcreation.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 1
Total number of shares: 10,000
Shareholders Country Number Amount (HKD) %
Mr. Mulia Gusawir India 10,000.00 10,000.00 100.00
*Company Secretary*
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Gusawir Mulia
HKID no. :
K074735(1)
Address : Flat D 2Fl Evergreen Mansion 14 Cornwall St
Kowloon Hong Kong
Date of appointment : 13 May,
2008
*COMPANY DIRECTORS*
====================
1
Name :
Mr. Ka-wai Wu
Nationality :
Hong Kong
ID/Passport No. :
K126280(7)
Registered Address
: Flat D 2Fl Evergreen Mansion 14 Cornwall St
Country of Residence :
Hong Kong
2
Name :
Mr. Mulia Gusawir
Nationality :
India
ID/Passport No. :
K074735(1)
Registered Address : Flat D
2Fl Evergreen Mansion 14 Cornwall St, Kowloon
Country of Residence : Hong
Kong
*Main Products & Services*
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Specializes in trading of rings, bracelets, bangles and other related
products to local and international markets.
Products: Bangles
Bracelets
Earrings
Fine jewelry
Mount rings
*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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Participated in the following local exhibitions:
(1)
Exhibition fair : Hong Kong
Int'l Jewellery Show 2007
Dates attended : 6-10 March, 2007
(2)
Exhibition fair : Hong Kong
Jewellery & Watch Fair - AsiaWorld-Expo (AWE)
Dates attended : 23-28 September, 2007
(3)
Exhibition fair : Hong Kong
Jewellery & Watch Fair-- AsiaWorld-Expo (HKCEC)
Dates attended : 25-29 September, 2007
(4)
Exhibition fair : Hong Kong
Jewelry Exhibition Miami, USA
Dates attended : 12-14 October, 2007
(5)
Exhibition fair : Hong Kong
Int'l Jewellery Show 2008
Dates attended : 4-8 March, 2008
(6)
Exhibition fair : Hong Kong
Jewellery & Watch Fair - AsiaWorld-Expo (AWE)
Dates to attend : 15-19 September, 2008
(7)
Exhibition fair : Hong Kong
Jewellery & Watch Fair-- AsiaWorld-Expo (HKCEC)
Dates to attend : 17-21 September, 2008
*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 Asia Pacific
countries.
*International Exhibition Participation*
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Participated in the following exhibitions :
(1)
Exhibition fair : Jeweler
Int'l Showcase, Jewelry Tradeshow
Dates attended : 20-22 January, 2007
(2)
Exhibition fair : JA
International Jewelry Show
Dates attended : 21-23 January, 2007
(3)
Exhibition fair : GLDA Las
Vegas Gem & Jewelry Show
Dates attended : 28-31 May, 2007
Location : USA
(4)
Exhibition fair : JCK Las
Vegas Show
Dates attended : 1-5 June, 2007
Location : USA
(5)
Exhibition fair : JA International
Jewelry Show
Dates attended : 29 July-1 August, 2007
(6)
Exhibition fair : Jeweler
Int'l Showcase
Dates attended : 19-22 October, 2007
Location : Miami, USA
(7)
Exhibition fair : JANY Special
Delivery Show, New York
Dates attended : 28-30 October, 2007
Location : USA
(8)
Exhibition fair : Jeweler
Int'l Showcase, Jewelry Tradeshow
Dates attended : 19-21 January, 2008
(9)
Exhibition fair : HKJJA
Jewelry Trade Show
Dates attended : 26-28 January, 2008
Location : Hilton New York
(10)
Exhibition fair :
International Jewelry Vietnam 2008
Dates attended : 2-4 May, 2008
(11)
Exhibition fair : GLDA Las
Vegas Gem & Jewelry Show
Dates attended : 26-29 May, 2008
(12)
Exhibition fair : JCK Las
Vegas Show
Dates attended : 30 May-3 June, 2008
(13)
Exhibition fair : JMA Macau
2008
Dates attended : 14-17 June, 2008
(14)
Exhibition fair : JA
International Jewelry Show
Dates to attend : 27-30 July, 2008
(15)
Exhibition fair : Jeweler
Int'l Showcase
Dates to attend : 17-20 October, 2008
Location : Miami, USA
(16)
Exhibition fair : JANY Special
Delivery Show
Dates to attend : 28-30 October, 2008
Location : New York,
USA
(17)
Exhibition fair : Jewellery
Collections Dubai
Dates to attend : 11-15 November, 2008
Location : Dubai,
United Arab Emirates
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains factory in China.
PAYMENT RATING : 3 OBTAINED SCORES :
51
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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 short history. A credit
line at the above amount appears to be beyond SC’s capacities, while a credit
line up to USD 10,000 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
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 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Exporting 7113 Articles
of jewelry & parts, of precious metal or clad
Exporting 7113110000 Jewelry and parts thereof, of silver
Exporting 7113200000 Jewelry and parts, base metal clad w precious metal
Exporting 7116 Articles
of natural or cut pearls, prec/semprc stones
Exporting 7116201000 Jewelry of precious or semiprecious stones
Trading 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113110000 Jewelry
and parts thereof, of silver
Trading 7113200000 Jewelry
and parts, base metal clad w precious metal
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Pendants
Exporter Necklaces
Trader Fine
jewelry
Trader Rings
Trader Earrings
Trader Pendants
Trader Bracelets
Trader Bangles
Trader Necklaces
Trader Mount
rings
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Middle East
Exporting to North America
Exporting to USA
Importing from Asia
Importing from China
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.79 |
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UK Pound |
1 |
Rs.85.04 |
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Euro |
1 |
Rs.67.39 |
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%)