MIRA
INFORM REPORT
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Report Date : |
22.11.2008 |
IDENTIFICATION DETAILS
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Name : |
V A JEWELRY CO. |
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Registered Office : |
Block H2, 6/F., |
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Country : |
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Date of Incorporation : |
03.07. 2002. |
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Com. Reg. No.: |
32773376-000-07 |
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Legal Form : |
Sole Proprietorship. |
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Line of Business : |
Importer and Exporter of Jewellery and Diamonds. |
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 : |
Clear |
name of the company
V A JEWELRY CO.
ADDRESS
Block H2,
6/F.,
PHONE: 2366 7720
FAX: 2366 3372
E-MAIL: info@vajewel.com
(Your enquiry given as: V A JEWELLERY CO of the same address. )
MANAGEMENT
Manager: Mr. Leung Wai Kwan, Andy
SUMMARY
Establishment: 3rd July, 2002.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Jewellery Trader.
Annual Turnover: HK$8-9 million.
Employees: 4.
Main Dealing Banker: Hang Seng Bank Ltd.,
Banking Relation: Satisfactory.
ADDRESS
Head Office:-
Block
H2, 6/F.,
BUSINESS REGISTRATION NUMBER
32773376-000-07
MANAGEMENT
Manager: Mr. Leung Wai Kwan, Andy
SOLE PROPRIETOR
Name: Mr. LEUNG Wai Kwan, Andy
Residential
Address: Room 2707, Lung Yan House, Kam Lung Court, Ma On Shan, Shatin,
New Territories, Hong Kong.
HISTORY
The subject was established on 3rd July, 2002 as a partnership concern jointly owned by Mr. Roman Leung Ho Kiu and Mr. Andy Leung Wai Kwan under the Hong Kong Business Registration Regulations.
On 28th June, 2004, Roman Leung Ho Kiu retired and the subject changed to a sole proprietorship.
Initially the subject was located at Room 1001, 10/F., Tung Shun Hing Commercial Centre, 20-22 Granville Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in August 2006.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer and Exporter.
Lines: Jewellery and diamonds.
Employees: 4.
Commodities
Imported:
Markets:
Annual Turnover: HK$8-9 million.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
MEMBERSHIP
Hong
Kong Jewelry Manufacturers’ Association,
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Making a small profit.
Condition: Business is normal.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: Hang
Seng Bank Ltd.,
Standing: Small.
GENERAL
A
V Jewelry Co. is a sole proprietorship owned and operated by Mr. Andy Leung Wai
Kwan who is a
The subject is trading in the following jewellery: gold jewellery, pearl jewellery, gemset jewellery, gemset gold jewellery, etc. Products include bracelet, brooch, earring, necklace, pendant, ring, etc.
The
subject’s raw materials are imported from
On the whole, consider the subject good for normal business engagements.
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.03 |
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1 |
Rs.74.42 |
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Euro |
1 |
Rs.62.71 |
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%)