MIRA INFORM REPORT
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Report Date : |
27.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
GOLDIAQ CREATION LTD |
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Registered Office : |
Unit 909-910, 9 Fl Lippo Sun Plaza 28 Canton Rd, Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
23.10.1998 |
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Com. Reg. No.: |
0657783 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader of Jewelry and Other Related 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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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
GOLDIAQ CREATION
LTD
UNIT 909-910, 9FL LIPPO SUN PLAZA 28 CANTON RD
TSIMSHATSUI KOWLOON, HONG KONG
TEL: 852-23567638 FAX: 852- 23561738
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 23, 1998
REGISTRATION NO. :
0657783
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. BRONIA MEI-CHU YIP (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,280
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 10,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : 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 : 0657783
Date issued : 23
October, 1998
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 22077425 -
000
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
*Office & Facilities*
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Note: We were unable to find any reference of the supplied address on
any local. The above address as reflected on our report was confirmed to be its
current registered/operating address.
Previous address: Rm 603 Grandmark 8A-10 Granville Rd Tsimshatsui
Kowloon
*Approved Signatures*
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Only Ms. Bronia Mei-chu Yip can sign on behalf of the company with seal
affixed.
www.goldiaq.com
The design is professional and the content is well organized. At present it is
in English version.
E-mail: goldiaq@netvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: 10,000
Shareholders Country Number Amount (HKD) %
Ms. Bronia Mei-chu Yip Hong Kong 6,000.00 6,000.00 60.00
Mr. Mei-ling Yip Hong Kong 4,000.00
4,000.00 40.00
*Company Secretary*
=================
CRUX CORP SERVICES LTD
Address : Rm 2201, 22Fl Chung Kiu Commercial Bldg 47-51 Shan Tung St
Mongkok Kowloon
CR no : 942889
Management: Ms. Vanessa Yip,
Assist. Manager
Mr. Tomly Hui, Manager
Ms. Bronia Mei-chu Yip, Managing Director
Name Nationality
Job Description
Ms. Vanessa Yip Hong
Kong Assist. Manager
Mr. Tomly Hui Hong
Kong Manager
Ms. Bronia Mei-chu Yip Hong Kong Managing Director
*Main Products & Services*
======================
Specializes in trading wide range of jewelry and other related
products.
Products: 14k gold jewelry
18k gold
jewelry
Bracelets
Diamond set
jewelry
Earrings
*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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Exhibition fair : Hongkong
International Jewellery Show 2000
Dates attended : 6-9 March, 2000
Location : Hongkong
Convention & Exhibition Centre
*Associations*
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Member of the following associations :
- HONG KONG JEWELRY MANUFACTURERS' ASSOCIATION
- HONG KONG JEWELLERY & JADE MANUFACTURERS ASSOCIATION
- HONG KONG GENERAL CHAMBER OF COMMERCE
- HONG KONG WATCH MANUFACTURERS ASSOCIATION LTD
- FEDERATION OF HONG KONG WATCH TRADES & INDUSTRIES LTD, THE
*Local Distribution Network*
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5% of the annual turnover is attributed to local sales.
*Export Markets*
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95% of the annual turnover is attributed to export.
*International Exhibition Participation*
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(1)
Exhibition fair : Ja Int'l
Jewelry Show
Dates attended : 21 - 23 January, 2007
Location : New York,
USA
(2)
Exhibition fair : VICENZA ORO
Dates attended : 13 - 20 January, 2008
Location : Vicenza,
Italy
(3)
Exhibition fair : Hong Kong
Int'l Jewellery Show
Dates attended : 4 - 8 March, 2008
Country : Hong Kong
(4)
Exhibition fair : Baselworld 2008-HK Pavillion
Dates attended : 3 - 10 April, 2008
Location : Basel,
Switzerland
(5)
Exhibition fair : GLDA Las
Vegas Gem & Jewelry Show
Dates attended : 26 - 29 May 2008
Location : Las Vegas,
USA
(6)
Exhibition fair : JCK Las
Vegas Show
Dates attended : 30 May - 3 June, 2008
Location : Las Vegas,
USA
(7)
Exhibition fair : Charm
(Vicenzaoro Spring)
Dates attended : 17 - 21 May, 2008
Location : Vicenza,
Italy
(8)
Exhibition fair : Hong Kong
Jewellery & Watch Fair
Dates attended : 19 - 22 June, 2008
Country : Hong Kong
(9)
Exhibition fair : JA Int'l
Jewelry Show
Dates : 27 - 30
July, 2008
Location : New York,
USA
(10)
Exhibition fair : Choice
(Vicenzaoro Autumn)
Dates : 6 - 10
September, 2008
Location : Vicenza,
Italy
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Maintains factory in China with more than 200 employees.
PAYMENT RATING : 4 OBTAINED SCORES :
49
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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.
*BANK DETAILS*
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Bank Name : HANG SENG BANK LTD
Branch : Central, Hong Kong
Branch Address : Level 21 Hang Seng Bank Bldg 83 Des Voeux Rd
SWIFT Code : SCBLHKHH
SC is considered small-sized in its line with a development history of
10 years. Taking into consideration of SC’s general performance, a credit line
up to USD 10,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
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 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113195000 Gold
jewelry, goldsmiths wares and other gold articles
Trading 9100 Clocks
& watches & parts thereof
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Earrings
Trader Pendants
Trader Necklaces
Trader Bracelets
Trader Watches
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Japan
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.67.34 |
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%)