MIRA
INFORM REPORT
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Report Date : |
09.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
GOLDEN STAR CREATIONS LTD |
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Registered Office : |
RM 1504, 15 FL Chinachem Tower, 34-37 Connaught Rd Central, |
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Country : |
Hong Kong |
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Date of Incorporation : |
02.02.2001 |
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Com. Reg. No.: |
0745841 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading a wide range of jewelry.
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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 2000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name & address
GOLDEN STAR
CREATIONS LTD
RM 1504, 15FL CHINACHEM TOWER
34-37 CONNAUGHT RD CENTRAL, HONG KONG
TEL: 852-23639031
FAX: 852-23639032
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 2, 2001
REGISTRATION NO. :
0745841
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. MEI-YEE CHAN (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,285
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 2,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79397= 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 : 0745841
Date issued : 2
February, 2001
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 31665259-000
Date issued : 2
February, 2001
Issuing authority : Business
Registration Office - Inland Sale Dept
Type of license : Business
*Company Name*
=============
Incorporated as :
GOLDEN STAR CONSULTANTS LTD
Date of incorporation : 2 February, 2001
Changed name to : GOLDEN
STAR CREATIONS LTD
Date of change : 2
August, 2005
*Capital Details*
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Share value : HKD
1.00/-each
Authorized capital : HKD 10,000.00
Paid-up capital : HKD 2.00
divided into 2 ordinary shares
*Office & Facilities*
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Type of building : Commercial Building
Other email : eurajews@yahoo.com
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Only Mei-yee Chan can sign on behalf of the company with seal affixed.
SC is not known to host website of its own at present.
E-mail: aiko_107@hotmail.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: 2
Shareholders Country Number Amount (HKD) %
-------------------- ----------- ------------ ------------------ -------
Mr. Mei-yee Chan China 2.00 2.00 100.00
*Company Secretary*
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MILLION WEALTH INVESTMENT LTD
Address : Rm 302, 3Fl The
Chinese General Chamber of Commerce Bldg 24-25 Connaught Rd Central Hong
Kong
CR number : 166324
Management: Mr. Edmund Chak-man
Chen, Executive
Mr. Chak-man Chen, Representative
Name Nationality
Job Description Dept. / Division
Mr. Edmund Chak-man Chen Hong
Kong Executive Sales & Marketing
Mr. Chak-man Chen Hong
Kong Representative -
*COMPANY DIRECTORS*
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1
Name : Mr. Edmund Chak-man Chen
Nationality : Hong Kong
2
Name : Mr. Mei-yee Chan
Nationality : China
Registered Address : Unit A 6Fl Hills Borough Court - Tower 3, 18 Old
Peak Rd, Hong Kong
Country of Residence : Hong Kong
*Main Products & Services*
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Specializes in trading a wide range of jewelry.
Products: 10K gold jewelry
14k gold
jewelry
Fine jewelry
Giftware
Precious
metals
*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)
*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.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES :
46
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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 beyond SC’s capacities, while a credit line up
to USD 2,000 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 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113200000 Jewelry
and parts, base metal clad w precious metal
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 9100 Clocks
& watches & parts thereof
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Precious
stones
Trader Precious
metals
Trader Watches
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to North America
Exporting to USA
Importing from Asia
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%)