MIRA INFORM REPORT

 

 

Report Date :           

26.08.2011

 

IDENTIFICATION DETAILS

 

Name :

BEE’S  INTERNATIONAL  GROUP  LTD.

 

 

Registered Office :

Room 1502, 15/F., The Center, 99 Queen’s Road Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

14.04.2010

 

 

Com. Reg. No.:

52136368

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of jewellery and diamond products, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Hong Kong

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

BEE’S  INTERNATIONAL  GROUP  LTD.

 

 

Company ADDRESS

 

Room 1502, 15/F., The Center, 99 Queen’s Road Central, Hong Kong.

PHONE:            2180 7812

FAX:                 2180 7813

E-MAIL:                        info@beesdiamonds.com

beeng@beesdiamonds.com

 

 

MANAGEMENT

 

Managing Director:  Mr. Ng Siu Kwok, Bee

 

 

SUMMARY

 

Incorporated on:             14th April, 2010.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$7,200.00

 

Business Category:        Diamond Trader.

 

Employees:                   12.

 

Main Dealing Banker:     Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.

 

Banking Relation:           Good.

Company ADDRESS

 

Registered Head Office:-

Room 1502, 15/F., The Center, 99 Queen’s Road Central, Hong Kong.

 

Associated Companies:-

·         Yokee Diamonds Group Ltd., Hong Kong.

·         Yokee Gems Trading Co. Ltd., Hong Kong.

·         Yokee Hong Diamonds Jewellery Ltd., Hong Kong.

·         Yokee Jewellery Co. Ltd., Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

52136368

 

 

COMPANY FILE NUMBER

 

1442839

 

 

MANAGEMENT

 

Managing Director:  Mr. Ng Siu Kwok, Bee

 

 

CAPITAL

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$7,200.00

 

 

SHAREHOLDERS

(As per registry dated 14-04-2011)

 

Name

 

No. of shares

NG Siu Kwok

 

6,000

NG Ka Yu, Rosa

 

1,200

 

 

–––––

 

Total:

7,200

====

 

DIRECTORS  

(As per registry dated 14-04-2011)

 

Name

(Nationality)

 

Address

NG Siu Kwok

19/F., Repulse Bay Garden, 38 Belleview Drive, Repulse Bay, Hong Kong.

 

LI Yin Fun, Anny

19/F., Repulse Bay Garden, 38 Belleview Drive, Repulse Bay, Hong Kong.

 

 

SECRETARY

(As per registry dated 14-04-2011)

 

Name

Address

NG Ka Man, Rendy

19/F., Repulse Bay Garden, 38 Belleview Drive, Repulse Bay, Hong Kong.

 

 

HISTORY

 

The subject was incorporated on 14th April, 2010 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 and diamond products, etc.

 

Employees:                   12.

 

Commodities Imported:   India, Europe, other Asian countries, etc.

 

Markets:                       Hong Kong, Japan, Southeast Asia, etc.

 

Annual Turnover:            Too early to obtain figure.

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               L/C, T/T, D/P, etc.

 

MEMBERSHIP

 

The Chinese Manufacturers’ Association of Hong Kong, Hong Kong.
[Membership No. 010709]

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$7,200.00

 

Profit or Loss:                Too early to offer an opinion.

 

Condition:                      Business is under development.

 

Facilities:                      Making rather active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

Banker:                         Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.

 

Standing:                      Moderate.

 

 

GENERAL

 

Having issued 7,200 ordinary shares of HK$1.00 each, Bee’s International Group Ltd. is jointly owned by Mr. Ng Siu Kwok, Bee, holding 83.3% interests; and Ms. Ng Ka Yu, Rosa, holding 16.7%.  They belong to the Ng family.

The subject is jointly operated by Ng Siu Kwok and his two daughters, Ng Ka Yu, Rosa and Ng Ka Man, Rendy.

The subject is a diamond trader which is usually referred to “Bees Diamonds”.

The subject has had a number of affiliated companies bearing the initial of Yokee.  Yokee is a family business of the Ngs who started their business in the 1920’s.  Now, the business of Yokee is operated by the third generations of the Ngs.

With three generations of expertise in diamond trading and supplying, Bees Diamonds is one of the reliable diamonds wholesale suppliers worldwide.  It sources superior quality, GIA-certified, one carat-size and above, round brilliant diamonds to dealers, jewellery retailers and manufacturers worldwide.

Most of the diamonds are imported from India, Europe, etc.  Bees Diamonds’ products are marketed in Hong Kong, China and Southeast Asia.

Besides, Bees Diamonds is the first to provide seminars in diamonds appreciation and investment to professional groups and organizations in Hong Kong and in East Asia.  All seminars are taught by GIA certified graduate gemmologists and accredited jeweller professionals.

Bees Diamonds is the first in Hong Kong to provide non-biased, professional diamonds investment advisory services to both individual and institutional investors.

Bees Diamonds’ retail branch provides exquisite, personalized fine jewellery services coupled with professional advices on diamonds investment and selection to celebrities, management professionals and busy modern women.

Mr. Bee Ng, the founder of Bees Diamonds, is internationally known in the diamonds industry for his reliability and integrity.

His daughter, Ms. Rosa Ng has developed the custom jewellery department in Bees Diamonds.  Having studied at the Warwick University, London School of Economics and the Gemmological Institute of America, Rosa Ng is a young jewellery designer.

In order to penetrate the international market further, the subject will take part in fairs and exhibitions which will be held in Hong Kong.  For instance, it is also going to take part in Hong Kong International Jewellery Show which will be held during the period of 16th to 20th February, 2012.

The history of the subject in Hong Kong is just over a year and four months.

On the whole, since the history of the subject is short in Hong Kong, consider it good for normal business engagements on secured basis for the time being.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.13

UK Pound

1

Rs.75.52

Euro

1

Rs.66.53

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.