MIRA
INFORM REPORT
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Report Date : |
27.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
CIARA JEWELLERY CO LTD |
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Registered Office : |
B5, 12FL Merit Industrial Centre - Block B 94 Tokwawan Rd Hunghom
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
24.07. 2007 |
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Com. Reg. No.: |
1152576 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading wide range of Jewelries |
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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Status : |
New and Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
CIARA
JEWELLERY CO LTD
B5, 12FL MERIT INDUSTRIAL CENTRE - BLOCK B
94 TOKWAWAN RD HUNGHOM KOWLOON, HONG KONG.
TEL: 852-27660033 FAX: 852-28505672
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 24, 2007
REGISTRATION NO. :
1152576
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. BON FUNG (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,285
BUSINESS LINE :
TRADER
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
BELOW AVERAGE
RECOMM. CREDIT RANGE : C.O.D.
TO SMALL AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80422 = 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 : 1152576
Date issued : 24 July, 2007
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 3821757200007079
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
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Share value :
HKD 1.00/-each
Authorized capital : HKD 10,000.00 divided into 10,000
shares
Paid-up capital : HKD 2.00 divided into 2 shares
*Approved Signatures*
=================
The following directors can sign on behalf of the company with seal
affixed:
- Kwok-hung Fung
- Kai-pong Fung
*Registrar*
=========
- VERCOS LTD
www.ciarajewellery.com
the website is under construction.
E-mail: info@ciarajewellery.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: 2
Shareholders Country
Number Amount (HKD) %
---------------------- ------------- ---------- ------------------- ------
Mr. Kai-pong Fung Hong Kong 1.00 1.00 50.00
Mr. Kwok-hung Fung Hong Kong 1.00 1.00 50.00
*Company Secretary*
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Kai-pong Fung
Founder :
Co-founder
Hong Kong ID no : K773221(A)
Address : Flat 4, 13Fl Yip Cheong Bldg 4-16
Hill Rd West Point Hong Kong
Occupation :
Merchant
Date of appointment : 24 July, 2007
Management: Mr. Dennis Cheng,
Representative
Mr. Eddie K. Y. Fung, Representative
Name Nationality
Job Description
Mr. Dennis Cheng Hong Kong
Representative
Mr. Eddie K. Y. Fung Hong Kong Representative
*Main Products & Services*
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Specializes in trading wide range of jewelries.
Products: Jewelry
*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
*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 : 5 OBTAINED SCORES :
32
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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.
Since the company was only established ten (10) months ago no financials
have been lodged.
*BANK DETAILS*
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Bank Name : HONG KONG &
SHANGHAI BANKING CORP LTD, THE
Branch :
Hunghom,Kowloon
Branch Address : 9Fl HSBC Main Bldg 1 Queen's Rd Central Hong Kong (Head
Office)
SWIFT Code : HSBCHKHH
SC was established in 2007, and its credit has not been established yet.
Credit dealings with SC are recommended under secured terms at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3911 Jewelry,
of precious metal
Exporting 5094 Jewelry/Watches/Precious
Mtl
Trading 3911 Jewelry, of
precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113 Articles of
jewelry & parts, of precious metal or clad
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Europe
Exporting to United Kingdom
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%)