MIRA
INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
CRYSTAL RISE JEWELLERY LTD |
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Registered Office : |
RM 406-407, 4FL Guard Force Centre 3 Hok Yuen St East Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
05.12. 1986 |
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Com. Reg. No.: |
0179275 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of Jewelry and other related products. Sales and Distribution of manufactured products to local and export
markets. |
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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
CRYSTAL
RISE JEWELLERY LTD
RM 406-407, 4FL GUARD FORCE CENTRE
3 HOK YUEN ST EAST HUNGHOM KOWLOON, HONG
KONG
TEL: 852-27642262 FAX: 852- 27644317
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 5, 1986
REGISTRATION NO. :
0179275
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. EDMOND LAP-KOON CHOW (CHAIRMAN)
STAFF STRENGTH :
60
CAPITAL :
US$ 64,267
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : 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 Name*
=============
Incorporated as : CRYSTAL RISE DEVELOPMENT LTD
Date of incorporation : 5
December, 1986
Changed name to : CRYSTAL RISE JEWELLERY LTD
Date of change : 17 March, 1987
*Company Registration*
==================
(1)
License number : 0179275
Date issued : 5 December, 1986
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 10738504-000
Date issued : N/A
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
*Capital Details*
============
Authorized capital: HKD 500,000.00 divided into 500,000 ordinary shares
at HKD 1.00/-each, fully paid
*Office & Facilities*
===============
Previous address : Unit 413 4Fl
Focal Industrial Centre 21 Man Lok Hunghom Kowloon
*Approved Signatures*
=================
Only Mr. Edmond Lap-koon Chow can sign on behalf of the company with
seal affixed
*Registrar*
=========
COSMOS CONSULTANTS LTD
SC is not known to host website of its own at present.
E-mail: crystalrise@hothmail.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 2
Total number of shares: 500,000
Shareholders Country Number Amount (HKD) %
------------------ ------------ --------------- -------------------- -------
Mr. Edmond Lap-koon Chow Hong Kong 490,000.00 490,000.00 98.00
Mr. Yuk-fung Chan Hong Kong 10,000.00 10,000.00 2.00
*Company Secretary*
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Edmond Lap-koon Chow
National ID no : D492738(A)
Address : Rm
406-407, 4Fl Guard Force Centre 3 Hok Yuen St East Hunghom Kowloon Hong Kong
Responsibilities : Handles the overall management of the company
*COMPANY DIRECTORS*
=====================
1
Name :
Mr. Edmond Lap-koon Chow
Nationality :
Hong Kong
ID/Passport No. :
D492738(A)
Registered Address : Rm 406-407,
4Fl Guard Force Centre 3 Hok Yuen St East, Hunghom, Kowloon
Country of Residence : Hong
Kong
2
Name :
Mr. Yuk-fung Chan
Nationality :
Hong Kong
ID/Passport No. :
D492738(A)
Registered Address : Rm
406-407, 4Fl Guard Force Centre 3 Hok Yuen St East, Hunghom, Kowloon
Country of Residence : Hong
Kong
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Manufacture of jewelry and other related products.
2. Sales and distribution of manufactured products to local and export
markets.
Products: 18k gold jewelry
Bangles
Bracelets
Brooches
Diamond
jewelry
*Payment Terms*
==============
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)
*Exhibition Participation*
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Participated in the following local exhibitions:
(1)
Exhibition fair : Hong Kong
International Jewellery Show 2000
Dates attended : 6-9 March, 2000
Location : Hong Kong
Convention & Exhibition Centre
(2)
Exhibition fair : Hong Kong International
Jewellery Show 2008
Dates attended : 4-8 March, 2008
Location : Hong Kong
Convention & Exhibition Centre
(3)
Exhibition fair : Hong Kong
Jewellery & Watch Fair
Scheduel date : September 2008
Location : Hong Kong
Convention & Exhibition Centre
*Associations*
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Member of :
- Hong Kong General Chamber of Commerce
*Local Distribution Network*
======================
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.
*International Exhibition Participation*
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(1)
Exhibition fair : BaselWorld
2008
Dates attended : 3-10 April, 2008
Location : Exhibition
Center Basel
(2)
Exhibition fair : GLDA's Las
Vegas Jewelry and Gem Show
Schedule dates : 26-29 May, 2008
Location : Mirage
Events Center
(3)
Exhibition fair : The JCK
Show - Las Vegas 2008
Schedule dates : 30 May - 3 June, 2008
Location : Sands Expo
and Convention Center
(4)
Exhibition fair : JANY Special
Delivery Show
Schedule dates : 28-30 October, 2008
Location : New
York
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES :
50
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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.
*BANK DETAILS*
===============
Bank Name : BANK
OF CHINA (HONG KONG) LTD
Branch :
Central, Hong Kong
Branch Address : 13Fl
Bank Of China Tower 1 Garden Rd Central Hong Kong (Head Office)
SWIFT Code :
BKCHHKHH
Bank Name : DBS
BANK (HONG KONG) LTD
Branch :
Tsimshatsui, Kowloon
Branch Address : Unit
1209-18 Miramar Tower 132-134 Nathan Rd
SWIFT Code :
DHBKHKHH
SC is considered
small-sized in its line with a long history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3911 Jewelry,
of precious metal
Manufacturing 3961 Jewelry
of materials other than solid gold, platinum & silver
Manufacturing 5094 Jewelry/Watches/Precious
Mtl
Trading 3911 Jewelry, of
precious metal
Trading 3961 Jewelry of
materials other than solid gold, platinum & silver
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Manufacturing 7103910000 Rubies,
sapphires and emeralds, otherwise worked
Manufacturing 7113 Articles
of jewelry & parts, of precious metal or clad
Manufacturing 7113192900 Gold
necklaces and neck chains
Manufacturing 7113200000 Jewelry
and parts, base metal clad w precious metal
Manufacturing 7113205000 Jewelry
of base metal clad with precious metal
Manufacturing 7115905000 Articles
of platinum including metal clad with platinum
Manufacturing 7116200500 Jewelry
of precious or semiprecious stones, not over $40 per piece
Manufacturing 9101124000 Oth
straps, bands or bracelets for wrist watches, with opto-elect displ imported
with watch of hdg 9101.12.80, exc textile or base metal, gold-silv-pl
Trading 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Rings
Manufacturer Earrings
Manufacturer Bangles
Manufacturer Bracelets
Manufacturer Jewelry,
semi-precious
Manufacturer Sapphire
jewelry
Manufacturer Emerald
jewelry
Manufacturer Ruby
Manufacturer Brooches
Manufacturer Pendants
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
Importing from China
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.74 |
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UK Pound |
1 |
Rs.85.19 |
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Euro |
1 |
Rs.66.12 |
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%)