MIRA
INFORM REPORT
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Report Date : |
08.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
STAR FUTURE LTD. |
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Registered Office : |
Flat 7A, 7/F., Cameron Plaza, 23-25A Cameron Road,
Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.02. 1998 |
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Com. Reg. No.: |
21532260 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer and Exporter of All kinds of Jewellery and Diamond Products. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
name of the company
STAR FUTURE LTD.
ADDRESS
Flat 7A, 7/F., Cameron Plaza, 23-25A Cameron Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2369 1572
FAX: 2721 0235
E-MAIL: kimblehk@netvigator.com
(Your enquiry given as: STAR FUTURE of the same address )
MANAGEMENT
Managing Director: Mr. Poon Tai Fai, Francis
SUMMARY
Incorporated on: 11th February, 1998.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$100.00
Business Category: Jewellery Trader.
Employees: 5. (Hong Kong)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Flat 7A, 7/F., Cameron Plaza, 23-25A Cameron Road, Tsimshatsui, Kowloon, Hong Kong.
China Factory:-
Guangzhou Star Future Ltd.
4/F., Tianxiang Industrial Building, 28 Lifu Road Xinwei, Industrial Road, Haizhu District, Guangzhou, Guangdong Province, China.
[ Tel (86-020) 8432 7897
Fax: (86-020) 8432 7897
E-mail: vivil@starfuture.com]
Affiliated Company:-
John Bagley Creations Inc., US.
BUSINESS REGISTRATION NUMBER
21532260
COMPANY FILE NUMBER
636014
MANAGEMENT
Managing Director: Mr. Poon Tai Fai, Francis
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$100.00
SHAREHOLDERS
(As per registry
dated 11-02-2008)
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Name |
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No. of shares |
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John Stanley BAGLEY |
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50 |
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POON Tai Fai, Francis |
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50 |
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––– |
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Total: |
100 === |
DIRECTORS
(As per registry
dated 11-02-2008)
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Name (Nationality) |
Address |
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John Stanley BAGLEY |
5468 Skylane Boulevard, Santa Rosa, California 95403, USA. |
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POON Tai Fai, Francis |
Flat A, 7/F., Cameron Plaza, 23-25A Cameron Road, Tsimshatsui, Kowloon, Hong Kong. |
SECRETARY
(As per registry
dated 11-02-2008)
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Name |
Address |
Co. No. |
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Arten Ltd. |
Unit 803, 8/F., Shanghai Industrial Investment Building, 48‑62 Hennessy Road, Wanchai, Hong Kong. |
668986 |
HISTORY
The subject was incorporated on 11th February, 1998 as a private limited liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer and Exporter.
Lines: All kinds of jewellery and diamond products.
Employees: 5. (Hong Kong)
200. (China)
Commodities Imported: India, Belgium, etc.
Markets: US, Japan, Europe, other Asian countries.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$100.00
Profit & Loss: Keeping a small profit every year.
Condition: Business is normal.
Facilities: Adequate for current running.
Payment: Met obligations on time.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
GENERAL
Having issued 100 ordinary shares of HK$1.00 each, Star Future Ltd. is equally owned by Mr. Francis Poon Tai Fai and Mr. John Stanley Bagley. Being directors of the subject, the former is a Hong Kong merchant while the latter is an American holding a US passport.
The subject is trading in precious and semi-precious jewellery, fine jewellery, gold and diamond jewellery, etc. Products are exported to the United States, Japan, Europe, and other Asian countries.
The subject has set up a factory in Guangzhou, Guangdong, China known as Guangzhou Star Future Ltd. Employing about 200 persons, this factory is manufacturing all kinds of jewellery products for the subject. Currently the factory is recruiting skilled labours who are expertise in diamond processing and polishing.
The subject has had an affiliated company in the United States known as John Bagley Creations Inc. [JBCI]. Located in California of the United States, JBCI was set up by Mr. John Stanley Bagley. He began his jewellery career in about 1977. Now, John Bagley is an innovative designer of the dynamic jewellery line that bears his name. In the United States, the alliance with Bobby Wilkerson & Associates will allow John to focus his creative and design talents on building exciting new collections as well as creating total marketing packages for these collections. It is likely that, most of the subject’s products are designed by John Bagley. JBCI is engaged in designing jewellery made in 14K, 18K and platinum with opal inlay, coloured gemstones and diamonds.
Most of the time, John Bagley is in the United States. The subject’s business is chiefly administered by Mr. Francis Poon Tai Fai.
The subject’s business is satisfactory as regular clients have been maintained in the United States.
On the whole, having a history of over ten and a half years in Hong Kong, the subject is considered good for normal business engagements.
REMARKS
Court case record:-
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Action Date |
Case No. |
Plaintiff |
Defendant |
Cause |
Amount |
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Oct. 2002 |
45559 |
Charles KM Chan & Co. & CPA |
Star Future Ltd. |
Service Rendered |
Not stated |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.76 |
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UK Pound |
1 |
Rs.74.87 |
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Euro |
1 |
Rs.60.81 |
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%)