MIRA
INFORM REPORT
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Report Date : |
28.11.2008 |
IDENTIFICATION DETAILS
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Name : |
WCJ INTERNATIONAL LTD. |
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Registered Office : |
Unit A-C, 8/F., |
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Country : |
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Date of Incorporation : |
05.09.2005. |
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Com. Reg. No.: |
35989665 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Wholesaler and Exporter of All kinds of Diamond and Jewellery, etc. |
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
WCJ INTERNATIONAL LTD.
ADDRESS
Unit A-C, 8/F.,
PHONE: 2370 9252, 2370 9268
FAX: 2310 1212, 2370 9184
E-MAIL: info@wcj.com.hk
mktg.mfy@wcj.com.hk
MANAGEMENT
Managing Director: Mr. Do Yuen Ling, Benny
SUMMARY
Incorporated on: 5th September, 2005.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Jewellery Trader.
Employees: 45. (
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd.,
Banking Relation: Satisfactory.
ADDRESS
Registered Head
Office:-
Unit A-C, 8/F.,
Holding Company:-
WCJ (Holdings) Co. Ltd., Hong Kong. (Same address)
Affiliated
Companies:-
Foshan
City Shunde District Po Yu Jewellery Co. Ltd.,
WCJ
(Mfy) Ltd., Hong Kong & China.
WCJ
DMCC, United Arab Emirates.
BUSINESS REGISTRATION NUMBER
35989665
COMPANY FILE NUMBER
994155
MANAGEMENT
Managing Director: Mr. Do Yuen Ling, Benny
Director & Contact Person: Ms. Do Tung Heung, Gladys
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 100,000 shares of HK$0.10 each)
Issued Share Capital: HK$1.00
SHAREHOLDER
(As per registry
dated 05-09-2008)
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Name |
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No. of shares |
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WCJ (Holdings) Co. Ltd., Hong Kong. |
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10 == |
DIRECTORS
(As per registry
dated 05-09-2008)
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Name (Nationality) |
Address |
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LEE Po Wan |
Flat B, 9/F., 58 Broadway, Mei Foo Sun Chuen, |
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DO Tung Heung, Gladys |
Flat B, 39/F., Block 1, Senerity Place, Tseung Kwan O, Kowloon, Hong Kong. |
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TO Sim Kuen, Sally |
Room 1801, To Mei House, Yau Mei Court, Yau Tong, Kowloon, Hong Kong. |
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DO Yuen Ling, Benny |
Flat D, 13/F., |
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TO Yuen Yeung |
Room 1308, Po Chui House, Po Pui Court, Tsui Ping Road, Kwun Tong, Kowloon, Hong Kong. |
SECRETARY
(As per registry
dated 05-09-2008)
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Name |
Address |
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Room 1611, 16/F., Nan Fung Centre, |
186540 |
HISTORY
The subject was incorporated on 5th September, 2005 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: Wholesaler and Exporter.
Lines: All kinds of diamond and jewellery, etc.
Employees: 45. (
370. (
Commodities Imported:
Markets: Asian
countries, the
Terms/Sales: L/C, T/T, D/P, etc.
Terms/Buying: L/C, T/T, etc.
MEMBERSHIP
Hong Kong Jewelry Manufacturers’ Association,
The Hong Kong General
Chamber of Commerce,
[Membership No. HKW0324]
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 100,000 shares of HK$0.10 each)
Issued Share Capital: HK$1.00
Mortgage or Charge:-
Date of Assignment of Receivables – General: 16-09-2006
Amount: All monies and liabilities, interest on such monies, and all expenses of the Bank
Property: In consideration of the Banking Facilities, the Customer as beneficial owner and by way of security for the payment of the Secured Monies, hereby assigns and agrees to assign, to the Bank the Receivables until all the Secured Monies have been paid or discharged
Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd.,
Profit & Loss: Making a small profit every year.
Condition: Keeping in an active manner.
Facilities: Making active use of general banking faculties.
Payment: Met trade commitments on time.
Commercial Morality: Satisfactory.
Banker: The Hongkong &
Shanghai Banking Corp. Ltd.,
Standing:
GENERAL
Having issued 10 ordinary shares of HK$0.10 each, WCI International Ltd. is a wholly-owned subsidiary of WCJ (Holdings) Co. Ltd., a Hong Kong-registered firm located at the operating address of the subject.
The subject is rather reputable the local jewellery
field. As a leading jewellery wholesaler
and exporter in Hong Kong, the subject is specialized in diamond and
Supported by a team of in-house designers, the subject is able to meet the requirements of its customers in different markets.
The subject also has participated local and overseas shows such as Baselworld, VicenzaOro, JA, JCK Las Vegas and Bangkok Jewellery Show, etc.
Currently, the subject is manufacturing the following commodities and offering clients with the following services:-
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Product/Service |
Product/Service Remarks |
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Fine Jewellery |
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Precious and Semi-Precious Jewellery |
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Jewellery – |
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Jewellery – Gold |
Include 18K (Wholesaler) Include 18K and OEM (Manufacturer) |
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Jewellery – Diamond |
Include OEM (Manufacturer) |
Products are chiefly exported to East Asia, Europe, the
The subject is chiefly owned by the Do (or To) family.
In the years ahead, the subject will continue to penetrate the international market further.
The history of the subject in
On the whole, consider it 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.49.84 |
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1 |
Rs.76.81 |
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Euro |
1 |
Rs.64.38 |
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%)