MIRA INFORM REPORT

 

 

Report Date :

02.06.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

IMACBC CO.  LTD.

 

 

Registered Office :

Room 1206B, 12/F., Tower 6, China Hong Kong City, 33 Canton Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

31.07.2006

 

 

Com. Reg. No.:

37008546

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of White gold products, diamonds, jewellery, etc

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

Regular

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

 

IMACBC  CO.  LTD.

 

 

Company ADDRESS    

 

Room 1206B, 12/F., Tower 6, China Hong Kong City, 33 Canton Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE:            2723 3779,  2723 6880

FAX:                 2723 3711,  2723 0077

E-MAIL:            imacbchongkong@yahoo.com.hk

imahashi@imacbc.co.jp

 

 

MANAGEMENT

 

Managing Director:  Mr. Toru Imahashi

 

 

SUMMARY

 

Incorporated on:             31st July, 2006.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$1,500,000.00

Issued:              HK$1,500,000.00

 

Business Category:        Diamond Trader.

 

Employees:                   4.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

 

Company ADDRESS

 

Registered Head Office:-

Room 1206B, 12/F., Tower 6, China Hong Kong City, 33 Canton Road, Tsimshatsui, Kowloon, Hong Kong.

 

China Factory:-

Foshan Shunde Jinqiao Jewellery Co. Ltd.

(Also known as Foshan Shunde Imahashi Jewellery Co. Ltd.)

60 Baichang Street, Xingfu Street, Ronggui, 528305 Shunde, Foshan City, Guangdong Province, China.

[Tel: 85-757-2638 7998;  Fax: 85-757-2638 7982]

 

Holding Company:-

Imacbc Co. Ltd.

11/F., Pacific City, Nishi-Shinjuku Building, 3-2-7 Nishi-Shinjuku, Shinjuku-Ku, Tokyo 160-0023, Japan.

[Tel: 81-3-3344 1170;  Fax: 81-3-3344 1171]

 

Affiliated Companies:-

Imacbc (Thailand) Co. Ltd., Thailand.

Imacbc Diamond Exports Private Ltd., India.

 

 

BUSINESS REGISTRATION NUMBER

 

37008546

 

 

COMPANY FILE NUMBER

 

1063443

 

 

MANAGEMENT

 

Managing Director:         Mr. Toru Imahashi

Contact Person:             Ms. Wu Yi Mei

 

 

CAPITAL

 

Nominal Share Capital:   HK$1,500,000.00 (Divided into 1,500,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$1,500,000.00

 

SHAREHOLDERS

(As per registry dated 31-07-2009)

Name

 

No. of shares

Imacbc Co. Ltd.

11/F., Pacific City, Nishi-Shinjuku Building,
3-2-7 Nishi-Shinjuku, Shinjuku-Ku, Tokyo 160-0023, Japan.

 

1,499,999

Toru IMAHASHI

 

1

 

 

––––––––

 

Total:

1,500,000

=======

 

 

DIRECTOR    

(As per registry dated 31-07-2009)

 

Name

(Nationality)

 

Address

Toru IMAHASHI

11/F., Pacific City, Nishi-Shinjuku Building, 3-2-7 Nishi-Shinjuku, Shinjuku-Ku, Tokyo 160-0023, Japan.

 

 

SECRETARY

(As per registry dated 31-07-2009)

 

Name

Address

Co. No.

Topworld Secretarial Ltd.

7/F., Kin On Commercial Building, 49-51 Jervois Street, Sheung Wan, Hong Kong.

574763

 

 

HISTORY

 

The subject was incorporated on 31st July, 2006 as a private limited liability company under the Hong Kong Companies Ordinance.

Formerly the subject was located at Flat C, 13/F., Comfort Building, 88 Nathan Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address with effect from 10th October, 2009.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                                  Importer, Exporter and Wholesaler.

 

Lines:                                       White gold products, diamonds, jewellery, etc.

 

Employees:                               4.

 

Commodities Imported:               India, Belgium, other European countries, etc.

 

Markets:                                   Japan (main), other Asian countries, etc.

 

Terms/Sales:                             As per contracted.

 

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

 

 

MEMBERSHIP

 

The Hong Kong General Chamber of Commerce, Hong Kong.
[Membership No. HKI0266]

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$1,500,000.00 (Divided into 1,500,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$1,500,000.00

 

Profit & Loss:                Making a small profit in 2009.

 

Condition:                      Business is normal.

 

Facilities:                      Making fairly active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                      Small.

GENERAL

 

Having issued 1,500,000 ordinary shares of HK$1.00 each, Imacbc Co. Ltd. is a wholly-owned subsidiary of Imacbc Co. Ltd. [Imacbc] which is a Japan‑based firm.

The subject is trading in jewellery and platinum jewellery with rare gems such as demantoid garnet, conch pearl and raraiba toulmarine, etc.  It has set up a factory in Shunde, Guangdong Province, China.  Formally known as Foshan Shunde Jinqiao Jewellery Co. Ltd. [Jinqiao] (or known as Foshan Shunde Imahashi Jewellery Co. Ltd.), the China factory is employing about 150 employees.  Jinqiao was put into operation on 19th June, 2007.

The main products of Jinqiao are the followings:-

·         18K White Gold Diamond Ring (with different styles and specifications)

·         18K White Gold Diamond Pendant (with different styles and specifications)

Most of the products are exported to Japan.  To our knowledge, Imacbc was founded in March 1975 in Japan.  The contact person of Imacbc in Japan is Mr. Asami Oishi who is a Japanese.  The contact person in Hong Kong is Ms. Wu Yi Mei.

Besides the subject, Imacbc has set up affiliated companies in Thailand and India.

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, the subject took part in “Hong Kong International Jewellery Show 2009” in 2009 and “Hong Kong International Jewellery Show 2010” in March 2010.

The subject, having a history of about four years, is fully supported by the Imacbc Group.

On the whole, consider the subject good for normal business engagements.

 

COURT CASES:            None per our.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.89

UK Pound

1

Rs.73.85

Euro

1

Rs.64.76

 

 

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

 

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.