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MIRA
INFORM REPORT
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Report Date : |
30.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
HARVEST (HK) TRADING CO LTD |
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Registered Office : |
Unit K 13FL Kaiser Estate - Phase 2, 51
Man Yue St Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
13.06. 1996 |
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Com. Reg. No.: |
0552936 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Sales and Distribution of Jewellery, Precious and Semi-Precious
Stones, Platinum, Gold and Sterling Silver to Local and Overseas Market. |
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 5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
HARVEST
(HK) TRADING CO LTD
UNIT K 13FL KAISER ESTATE - PHASE 2, 51 MAN
YUE ST
HUNGHOM KOWLOON, HONG KONG
TEL: 852-23688917 FAX: 852-23688022
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 13, 1996
REGISTRATION NO. :
0552936
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. DENIS CHI-KIT HUI (GENERAL MANAGER)
STAFF STRENGTH :
25
CAPITAL :
US$ 128,535
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 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79082 = 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
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*Company Registration*
==================
(1)
License number : 0552936
Date issued : 13 June, 1996
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 19952395-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
============
Authorized capital : KHD 1,000,000.00 divided into 1,000,000 ordinary
shares at HKD 1.00/-each, fully paid
*Office & Facilities*
===============
Other contact details
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Tel nos : 23688119
Fax nos : 23688118
*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 Denis Chi-kit Hui can sign on behalf of the company with seal
affixed.
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SC is not known to host website of its own at present.
E-mail: wendy@imperiumjewels.com
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For the past two years there is no record of litigation.
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*Major Shareholders*
=================
Total number of shareholders: 2
Total number of shares: 1,000,000
Shareholders Country
Number Amount (HKD) %
---------------- ------------- ------------ ------------------- -------
Mr. Denis Chi-kit Hui Hong Kong 800,000.00 800,000.00 80.00
Mr. Wan-wah Cho Hong Kong 200,000.00 200,000.00 20.00
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Management: Mr. Denis Chi-kit
Hui, General Manager
Mr. Tony Siah, Managing Director
Mr. Wan-wah Cho, Secretary
Name Nationality
Job Description
Mr. Denis Chi-kit Hui Hong
Kong General Manager
Mr. Tony Siah Hong
Kong Managing Director
Mr. Wan-wah Cho Hong Kong Secretary
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*Main Products & Services*
====================
Specializes in the sales and distribution of jewellery, precious and
semi-precious stones, platinum, gold and sterling silver to local and overseas
market.
Products: Gold
Jewelry
Platinum
Precious
stones
Semi precious
stones
*Payment Terms*
==============
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
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
==============
Part of the annual turnover is attributed to export.
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SC is not known to have any subsidiary at
present.
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PAYMENT RATING : 4 OBTAINED SCORES :
47
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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.
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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 : DBS
BANK (HONG KONG) LTD
Branch :
Central, Hong Kong
Branch Address : 11Fl
The Center 99 Queen's Rd Central Hong Kong (Head Office)
SWIFT Code :
DHBKHKHH
Bank Name : HANG
SENG BANK LTD
Branch :
Central, Hong Kong
Branch Address : Level
21 Hang Seng Bank Bldg 83 Des Voeux Rd Central Hong Kong (Head Office)
SWIFT Code :
SCBLHKHH
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SC is considered medium-sized in its line with a development history of
12 years. A credit line at the above amount appears 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
Exporting 1041 Gold
ores
Exporting 1044 Silver
ores
Exporting 3911 Jewelry,
of precious metal
Exporting 3961 Jewelry
of materials other than solid gold, platinum & silver
Trading 1041 Gold ores
Trading 1044 Silver ores
Trading 3911 Jewelry, of
precious metal
Trading 3961 Jewelry of
materials other than solid gold, platinum & silver
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 7106 Silver
(incl prec plated), unwr, semimfr or powder
Exporting 7108 Gold
(incl put plated), unwr, semimfr or powder
Exporting 7113 Articles
of jewelry & parts, of precious metal or clad
Exporting 7114 Articles
of goldsmith/silversmith wares, precious metal
Exporting 7115 Articles
of or clad with precious metal
Exporting 7116 Articles
of natural or cut pearls, prec/semprc stones
Trading 7106 Silver
(incl prec plated), unwr, semimfr or powder
Trading 7108 Gold (incl
put plated), unwr, semimfr or powder
Trading 7113 Articles of
jewelry & parts, of precious metal or clad
Trading 7114 Articles of
goldsmith/silversmith wares, precious metal
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Sterling
silver
Trader Jewelry
Trader Precious
stones
Trader Semi precious
stones
Trader Platinum
Trader Gold
Trader Sterling
silver
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Italy
Exporting to Japan
Exporting to North America
Exporting to South Korea
Exporting to Taiwan
Exporting to 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%)