MIRA
INFORM REPORT
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Report Date : |
27.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
JOYMART ENTERPRISES LTD |
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Registered Office : |
RM 1111 11FL Peninsula Square 18 Sung On St Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
07.04.2008 |
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Com. Reg. No.: |
1223792 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader of Fine Jewelry Products.
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RATING &
COMMENTS
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MIRAs 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 : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
JOYMART
ENTERPRISES LTD
RM 1111 11FL PENINSULA SQUARE
18 SUNG ON ST HUNGHOM KOWLOON, HONG KONG.
TEL:
852-25242175 FAX:
852-28772118
EXECUTIVE SUMMARY
INCORPORATION DATE : APRIL 7, 2008
REGISTRATION NO. :
1223792
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. JEFFREY CHI-MING WONG (DIRECTOR)
STAFF STRENGTH :
3
CAPITAL :
US$ 1,280
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
BELOW AVERAGE
RECOMM. CREDIT RANGE : C.O.D.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
HKD 7.80420 = USD 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
*OTHER LICENSE*
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License Number : 39115812-000
Issuing Authority : Business Registration Office - Inland Revenue Dept
*Capital Details*
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Authorized capital : HKD 10,000.00 divided into 10,000 shares of HKD
1.00-/each
SC
is not known to host website of its own at present.
E-mail: magfrey@netvigator.com
For the past 2 years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 1
Total number of shares: 10,000
Shareholders Country Number Amount (HKD) %
Mr. Jeffrey Chi-ming Wong Hong Kong 10,000.00 10,000.00 100.00
Management: Mr. Pui Lai Yan, Secretary
Name Nationality
Job Description
Mr. Pui Lai Yan Hong
Kong Secretary
*COMPANY DIRECTORS*
=====================
1
Name :
Mr. Jeffrey Chi-ming Wong
Nationality :
Hong Kong
ID/Passport No. : C374689(3)
Registered Address : Flat E,
17Fl Block 6, Phase 3, Belvedere Garden Castle Rd ,Tsuen Wan ,New
Territories ,Tsuen Wan
Country of Residence : Hong
Kong
Date of Appointment : 7 Apr,
2008
*Main Products & Services*
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Specializes in the trading of fine jewelry products.
Products: 18k gold jewelry
18k jewelry
Bracelets
Fine jewelry
Imitation
jewelry
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Purchases
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Import : Letter of Credit (L/C)
*Associations*
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Member of The Hong Kong General Chamber of Commerce (Membership no.
HKJ0235)
*Local Distribution Network*
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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.
*Subsidiaries, Joint-ventures & Affiliates*
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It employs 1,200 employees (approx.) skillful craftsmen working in its
factory in China.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name :
JEDA JEWELLERY MANUFACTURE CO LTD
Address :
12 Longwei Rd Xichong Lunjiao, Shunde, Guangdong China
Country :
China
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Giftware & Jewellery
PAYMENT RATING:
5 OBTAINED SCORES: 33
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Implication |
Implications |
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1 |
Scores 85100 |
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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC was established recently in 2008, and its credit has not been
established yet. Credit dealings with SC should be confined into COD at
present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
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
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113192500 Gold
mixed link necklaces and neck chains
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 7117 Imitation
jewelry
DETAILED PRODUCT CLASSIFICATION
& ACTIVITY
Activity Product/Service Description
Trader Bracelets
Trader Jewelry
necklaces
Trader Imitations,
jewelry - brooch
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Importing
Europe Exporting
China Importing
Italy Exporting
United Kingdom Exporting
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.43 |
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UK Pound |
1 |
Rs.85.38 |
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Euro |
1 |
Rs.67.95 |
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 SCs 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%)