MIRA
INFORM REPORT
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Report Date : |
01.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
CALEB JEWELLERY
CO. LTD. |
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Registered Office : |
Room 605, 6/F., Hai Phong Building, 53-55 Hai Phong Road, Tsimshatsui,
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
17.09.2001. |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of Jewellery, Diamonds and Precious Stones |
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 : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
CALEB
JEWELLERY CO. LTD.
ADDRESS
Room 605, 6/F.,
Hai Phong Building, 53-55 Hai Phong Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2385 9347
MANAGEMENT
Managing
Director: Mr. To Chi Ming
SUMMARY
Incorporated on: 17th September, 2001.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Annual Turnover: HK$20-22 million.
Employees: 6. (Hong Kong)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Room 605, 6/F.,
Hai Phong Building, 53-55 Hai Phong Road, Tsimshatsui, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
32091708
COMPANY FILE NUMBER
770449
MANAGEMENT
Managing
Director: Mr. To Chi Ming
Director &
Contact Person: Mr. To Tin Yau
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 17-09-2007)
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Name |
Occupation |
No. of shares |
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TO Chi Ming |
Merchant |
5,000 |
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TO Tin Yau |
Merchant |
5,000 |
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–––––– |
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Total: |
10,000 ===== |
DIRECTORS
(As per registry
dated 17-09-2007)
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Name (Nationality) |
Address |
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TO Chi Ming |
Flat C, 36/F. - 37/F., Block 2, Miami
Beach Towers, 268 Wu Tsui Road, Tuen Mun, New Territories,
Hong Kong. |
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TO Tin Yau |
Flat B, 11/F., Block 1, Miami Beach
Towers, 268 Wu Tsui Road, Tuen Mun, New Territories, Hong Kong. |
SECRETARY
(As per registry
dated 17-09-2007)
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Name |
Address |
Co. No. |
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Best Sincere Ltd. |
Room D, 8/F., Ritz Plaza, 122 Austin Road,
Tsimshatsui, Kowloon, Hong Kong. |
524129 |
HISTORY
The subject was
incorporated on 17th September, 2001 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, Exporter and
Wholesaler.
Lines: All kinds of jewellery,
diamonds and precious stones, etc.
Employees:
6. (Hong Kong)
100.
(China)
Commodities Imported:
Belgium, South Africa, etc.
Markets: Hong Kong, Japan, India, and other Asian countries.
Annual Turnover: HK$20-22 million.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
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 a normal state.
Facilities: Adequate for current running.
Payment: Met trade commitments on time.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
GENERAL
Caleb Jewellery Co.
Ltd. is equally owned by Mr. To Chi Ming and Mr. To Tin Yau. The subject has just issued 10,000 ordinary
shares of HK$1.00 each while each of the shareholders holds 5,000 share. The two Tos are also directors of the
subject.
The subject is a
jewellery trader. It is trading in
diamonds and precious stones. Raw
materials are imported from Belgium, South Africa, etc. The subject has got an affiliated factory in
China employing about 100 persons.
Finished products are exported to Japan, India, and other Asian
countries.
In order to
penetrate the international market further, the subject has taken part in fairs
and exhibitions held in Hong Kong and other foreign large cities. For instance, it takes part in the Hong Kong
International Jewellery Show which is held in Hong Kong every year.
The annual sales
turnover of the subject ranges from HK$20 from 22 million. Overall business is satisfactory. Making a small profit every year.
The subject’s
business is chiefly handled by the two shareholders.
Having a history
of about seven years in Hong Kong, the subject is considered 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.44.21 |
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UK Pound |
1 |
Rs.79.76 |
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Euro |
1 |
Rs.64.72 |
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%)