MIRA
INFORM REPORT
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Report Date : |
19.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
KEGO DESIGN JEWELLERY CO. LTD. |
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Registered Office : |
Unit 27-28, 8/F., Block B, Focal Industrial Centre, 21 Man
Lok Street, Hunghom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.04.2003. |
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Com. Reg. No.: |
33574109 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Manufacturer and Exporter of all kind of Jewellery Products, 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
KEGO DESIGN
JEWELLERY CO. LTD.
ADDRESS
Unit 27-28, 8/F., Block B, Focal Industrial Centre, 21 Man Lok Street, Hunghom, Kowloon, Hong Kong.
PHONE: 3525 0999
FAX: 3525 0998
E-MAIL: info@kegojewellery.on-nets.com
MANAGEMENT
Managing Director: Mr. Chan Ming Kei, Kenneth
SUMMARY
Incorporated on: 25th April, 2003.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Diamond Trader.
Annual Turnover: HK$40-45 million.
Employees: 20. (Hong Kong)
Main Dealing Banker: Hang Seng Bank Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Unit 27-28, 8/F., Block B, Focal Industrial Centre, 21 Man Lok Street, Hunghom, Kowloon, Hong Kong.
China Factory: Guangzhou, Guangdong Province, China.
BUSINESS REGISTRATION NUMBER
33574109
COMPANY FILE NUMBER
845967
MANAGEMENT
Managing Director: Mr. Chan Ming Kei, Kenneth
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDERS
(As
per registry dated 25-04-2008)
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Name |
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No. of shares |
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CHENG Chun Kit, Bingo |
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3,334 |
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CHAN Ming Kei |
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3,333 |
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WONG Ka Wai |
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3,333 |
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–––––– |
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Total: |
10,000 ===== |
DIRECTORS
(As
per registry dated 25-04-2008)
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Name (Nationality) |
Address |
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WONG Ka Wai |
Unit 27-28, 8/F., Block B, Focal Industrial Centre, 21 Man Lok Street, Hunghom, Kowloon, Hong Kong. |
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CHENG Chun Kit, Bingo |
Unit 27-28, 8/F., Block B, Focal Industrial Centre, 21 Man Lok Street, Hunghom, Kowloon, Hong Kong. |
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CHAN Ming Kei |
Unit 27-28, 8/F., Block B, Focal Industrial Centre, 21 Man Lok Street, Hunghom, Kowloon, Hong Kong. |
SECRETARY
(As
per registry dated 25-04-2008)
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Name |
Address |
Co. No. |
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Anson Account & Management Ltd. |
Room 1801-1802, 18/F., China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong. |
466871 |
HISTORY
The subject was incorporated on 25th April, 2003 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: Manufacturer and Exporter.
Lines: All kind of jewellery products, etc.
Employees: 20. (Hong Kong)
150. (China)
Materials/Commodities: India, Belgium, other European countries, etc.
Markets: Japan, other Asian countries, Europe, North America, etc.
Annual Turnover: HK$40-45 million.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, etc.
MEMBERSHIP
Hong Kong Jewellery & Jade Manufacturers Association, Hong Kong.
Hong Kong Jewelry Manufacturers’ Association, Hong Kong.
The Chinese Manufacturers’ Association of Hong Kong, Hong Kong.
The Hong Kong General Chamber of Commerce, Hong Kong.
[Membership No. HKK0366]
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit & Loss: Making a small profit every year.
Condition: Keeping in an active state.
Facilities: Making active use of general banking facilities.
Payment: So far so good.
Commercial Morality: Satisfactory.
Banker: Hang Seng Bank Ltd., Hong Kong.
Standing: Normal.
GENERAL
Having issued 10,000 ordinary shares of HK$1.00 each, Kego Design Jewellery Co. Ltd. is equally owned by Mr. Cheng Chun Kit, Mr. Chan Ming Kei and Mr. Wong Ka Wai.
Mr. Chan and Mr. Cheng had been in the jewellery wholesaling business before they founded the subject in April 2003.
The subject primarily manufactures 14K, 18K gold and PT 950 diamond jewellery, ranging from the classical to the trendiest styles. Its products are exported mainly to Southeast Asia, Europe and the United States, catering to the middle-to-high end consumers. Raw materials are chiefly imported from India and Belgium, etc.
Having been in the business for almost five years, the subject now owns a factory of over 6,000 sq.m. and hire over 150 workers. Its monthly production capacity exceeds 10,000 pieces.
Looking ahead, the subject has full confidence in the global jewellery business. It also thinks that it is not only women wearing jewellery, but also men wear jewellery products. For this, the subject is trying to design a wide range of products for men which include pendants, bracelets, cuff-links and tie-pins. Besides carrying on in the development of diamond jewellery, the subject also puts efforts in developing pearl and other precious-stone jewellery, in order to expand its markets as well as to building up its reputation.
The annual sales turnover of the subject ranges from HK$40 to 45 million. Business is rather active.
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.48.68 |
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UK Pound |
1 |
Rs.84.37 |
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Euro |
1 |
Rs.65.70 |
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%)