MIRA
INFORM REPORT
|
Report Date : |
27.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
EXPLORER GROUP LTD |
|
|
|
|
Registered Office : |
RM E2, 12 Fl Winner Bldg 36 Man Yue St, Hunghom Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
17.05.2006 |
|
|
|
|
Com. Reg. No.: |
1045657 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trader of Jewelry, Watches, Precious Stones and Related Products. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
USD 5,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NAME & ADDRESS
EXPLORER GROUP LTD
RM E2, 12FL WINNER BLDG 36 MAN YUE ST
HUNGHOM KOWLOON, HONG KONG
TEL: 852-35200790 FAX:
852-35200791
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
17, 2006
REGISTRATION NO. :
1045657
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. BOON-KWEE CHUA (CHAIRMAN)
STAFF STRENGTH :
6
CAPITAL :
US$ 1,280
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 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80197 = 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 : 1045657
Date issued : 17 May,
2006
Issuing authority : Companies
Registry
Legal form : Private
limited company
Type of license : Corporate
(2)
License number : 36755651-000
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
10,000.00 divided into 10,000 ordinary shares
Paid-up capital : HKD
100.00 divided into 100 ordinary shares
*Approved Signatures*
===================
Only Mr. Raymond Chi-man Wong can sign on behalf of the company with
seal affixed.
*Registrar*
=========
BRIAN YANG & CO LTD
SC is not known to host website of its own at present.
E-mail: info@explorergroup.net
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 4
Total number of shares: 100
Shareholders Country Number Amount (HKD) %
Mr. Boon-kwee Chua Singapore 25.00
25.00 25.00
Mr. Kevin Man-hung Kwok Hong Kong 25.00 25.00 25.00
Mr. Raymond Chi-man Wong Hong Kong 25.00 25.00 25.00
Mr. Wai-yip Luk Hong Kong 25.00
25.00 25.00
*Directors' Details*
===============
Shareholders' Details
-----------------------------
Wai-yip Luk
Address : Flat F, 30Fl Highland
Park - Block 4, 11 Lai Kong St Kwai Chung Hong Kong
*COMPANY DIRECTORS*
======================
1
Name : Mr. Boon-kwee Chua
Nationality : Singapore
ID/Passport No. : S1824877H
Registered Address : Domain 21 Delta Rd #09-01
Country of Residence : Singapore
2
Name : Mr. Raymond Chi-man Wong
Nationality : Hong Kong
ID/Passport No. : K287477(6)
Registered Address : Rm 7B Block 19, 11 Ma Wo Rd, Tai Po, New
Territories
Country of Residence : Hong Kong
*Main Products & Services*
======================
Specializes in trading of jewelry, watches, precious stones and related
products.
Products: Jewelry
Precious
metals
Precious
stones
Watches
*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)
*Associations*
=============
Member of:
- The Hong Kong General Chamber of Commerce (Since 2006)
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
==============
Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES :
55
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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.
*BANK DETAILS*
===============
Bank Name : BANK OF EAST ASIA LTD
Branch : Central, Hong Kong
Branch Address : Ground Fl Bank Of East Asia Bldg 10 Des Voeux Rd
Central Hong Kong (Head Office)
SWIFT Code : BEASHKHH
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 5,000 is recommended.
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 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 7103 Precious
& semiprec stones, not strung etc
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113205000 Jewelry
of base metal clad with precious metal
Trading 7115 Articles
of or clad with precious metal
Trading 9100 Clocks
& watches & parts thereof
Trading 9101 Watches,
wrist, pocket etc, prec metal or clad case
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Italy
Exporting to Japan
Exporting to North America
Exporting to USA
Importing from Asia
Importing from China
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.79 |
|
UK Pound |
1 |
Rs.85.04 |
|
Euro |
1 |
Rs.66.34 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)