MIRA
INFORM REPORT
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Report Date : |
06.05.2011 |
IDENTIFICATION DETAILS
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Name : |
JEWELCAD PRO LTD. |
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Registered Office : |
18/F., |
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Country : |
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Date of Incorporation : |
23.10.2008 |
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Com. Reg. No.: |
39920625 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of software for
jewellery manufacturing. |
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 |
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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Name and address
JEWELCAD PRO
LTD.
ADDRESS: 18/F.,
PHONE: 2111 4081
FAX: 2111 4082
E-MAIL: info@jcadcam.com
sales@jcadcam.com
kencflo@jcadcam.com
MANAGEMENT
Managing Director: Mr. Lo Chung
Fai, Ken
SUMMARY
Incorporated on: 23rd
October, 2008.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$100.00
Business Category: Jewellery Software Trader.
Employees:
25. (Including associates)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
18/F.,
Associated/Affiliated Companies:-
Eternity Manufacturing (International) Ltd., Hong Kong.
Eternity Manufacturing Ltd.,
Foo Hang Jewellery Ltd.,
Jewellery CAD/CAM Ltd.,
Lo Ka Chung Charitable Foundation Ltd.,
BUSINESS REGISTRATION NUMBER
39920625
COMPANY FILE NUMBER
1281790
MANAGEMENT
Managing Director: Mr. Lo Chung
Fai, Ken
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100.00
SHAREHOLDER
(As per registry dated 23-10-2010)
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Name |
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No. of shares |
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LO Chung Fai |
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100 === |
DIRECTORS
(As per registry dated 23-10-2010)
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Name (Nationality) |
Address |
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LI Kam Tim |
Flat A, 47/F., Block 3, The Grandiose, |
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LO Chung Fai |
Flat B-2, 22/F., Nicholson Tower, 8 Wong Nai Chung Gap Road, Wanchai,
Hong Kong. |
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TANG Sum Yu, Serra |
Flat B-2, 22/F., Nicholson Tower, 8 Wong Nai Chung Gap Road, Wanchai,
Hong Kong. |
SECRETARY
LI Kam Tim (As per registry dated
23-10-2010)
HISTORY
The subject was incorporated on 23rd October, 2008 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 software
for jewellery manufacturing.
Employees: 25.
(Including associates)
Commodities Imported:
Markets:
Terms/Sales:
As per contracted.
Terms/Buying: Various
Terms.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100.00
Profit or Loss: Making a small
profit every year.
Condition:
Keeping in an
active manner.
Facilities:
Making active
use of general banking facilities.
Payment:
Met trade commitments
as contracted.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd.,
Standing:
GENERAL
Having issued 100 ordinary shares of HK$1.00 each, JewelCAD Pro Ltd. is
wholly owned by Mr. Lo Chung Fai who is a jewellery trading merchant.
The subject is an associated company of Jewellery CAD/CAM Ltd. [JCAD]
The subject and JCAD are engaged in the same lines of business, more or less.
JCAD is a
JCAD was founded in 1992 and JewelCAD was firstly developed in
1990. At that time, JewelCAD was written
in Silicon Graphics Library and can only be run on Silicon Graphics platforms. In 1994, JewelCAD was rewritten as a
completely new version and ported onto PCs.
It now runs perfectly well on MS Windows environment and supporting
OpenGL.
In 2008, JCAD started working out the next generation of JewelCAD and it
named it as “JewelCAD Pro”. It is a
complete new software and all the further development will be put in this
software.
The subject is trading in this kind of software. Its distributors spread over the world
including North and South America, Europe, Asia and
The subject will continue to improve the efficiency and productivity of
the design and manufacturing process in the Jewellery Industry. It will also work with the Industry to
provide more industry specific functions and advanced automation functions in
JewelCAD Pro.
JewelCAD Pro is being worked out by the subject and it will work closer
and listen to the suggestions from the Industry and continue to develop more
advanced modelling functions specially for jewellery design. In addition, more multimedia type training
materials for basic design concept, skills and techniques will also be worked
out in the years ahead.
JewelCAD Pro is the new generation of jewellery designing and modelling
software that is more powerful and efficient than its predecessor,
JewelCAD. It has a completely new
programming core that allows fast and up-to-date extension of features. JewelCAD Pro still maintains the simple user
interface and similar way of working in JewelCAD so that current users can
operate it without much difficulty.
The subject in fact is a member of the Eternity Group of companies. The core member of the Group is Eternity
Manufacturing Ltd. [Eternity]. Eternity
produces mainly mid to high end diamond-set and gem-set jewellery, set with
mostly 14K, 18K and platinum. Its
overseas marketing network covers the
The Eternity Group is controlled by the Lo family which is consider
“wealthy” in
Since the subject is fully supported by the Lo family, on the whole,
consider it 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.44.57 |
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1 |
Rs.73.58 |
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Euro |
1 |
Rs.66.23 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.