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Report Date : |
24.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
GOLDEN MASTER JEWELLERY
LTD |
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Registered Office : |
Unit 409, 4/F., Fu |
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Country : |
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Date of Incorporation : |
03.03.1997 |
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Legal Form : |
20984303 |
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Line of Business : |
Jewellery Manufacturer and Retailer. |
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No. of Employees : |
30 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Hong Kong |
A2 |
A2 |
2
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GOLDEN MASTER
JEWELLERY LTD.
Unit 409, 4/F., Fu
Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong.
PHONE: 2721 8231
FAX: 2721 8814
E-MAIL: jian@goldenmaster.com.hk
Managing
Director: Ms. Kan Fong Ling, Renita
Incorporated on: 3rd March, 1997.
Organization: Private Limited Company.
Capital: Nominal: HK$15,000,000.00
Issued: HK$15,000,000.00
Business Category: Jewellery Manufacturer and Retailer.
Employees: 30. (Including retailing shops in Hong Kong)
Main Dealing Banker: Hang Seng Bank Ltd., Hong Kong.
Banking Relation: Satisfactory.
GOLDEN MASTER
JEWELLERY LTD.
Registered
Head Office:-
Unit 409, 4/F., Fu
Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong.
Retailing
Shops:- [Under the name of “Dazzle
Jewelry”] (Same BR No.)
1)
Shop 202-203, Tsuen Kam Centre, 338 Castle Peak
Road, Tsuen Wan, New Territories, Hong Kong. [Tel:
3105 0288]
2)
Shop 205, Landmark North, 39 Lung Sum Avenue, Shek
Wu Hui, Sheung Shui, New Territories, Hong Kong. [Tel: 3105
0133]
3)
Shop 110, East Point City, 8 Chung Wa Road, Tseung
Kwan O, New Territories, Hong Kong. [Tel:
2628 6377]
4)
MTR 02, Isquare, 63 Nathan Road, Tsimshatsui,
Kowloon, Hong Kong. [Tel: 3583 4655]
China
Factory:-
Shunde, Guangdong
Province, China.
20984303
0596679
Managing
Director: Ms. Kan Fong Ling, Renita
Nominal Share
Capital: HK$15,000,000.00 (Divided into 15,000,000 shares of HK$1.00 each)
Issued Share
Capital: HK$15,000,000.00
(As per registry dated 03-03-2011)
|
Name |
|
No.
of shares |
|
KAN Fong Ling, Renita |
|
15,000,000 ======== |
(As per registry dated 03-03-2011)
|
Name (Nationality) |
Address |
|
KAN Fong Ling,
Renita |
Unit 409, 4/F., Fu Hang Industrial
Building, 1 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong. |
(As per registry dated 03-03-2011)
|
Name |
Address |
Co.
No. |
|
Smartlink
Business Consultants Ltd. |
Flat B, 14/F., Wah Hing Commercial Centre, 383 Shanghai Street,
Yaumatei, Kowloon, Hong Kong. |
0732276 |
The
subject was incorporated on 3rd March, 1997 as a private limited liability company
under the Hong Kong Companies Ordinance.
Originally
the subject was registered under the name of Full Bright International Trading
Ltd., name changed to the present style on 23rd May, 1997.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities: Manufacturer, Exporter and Retailer.
Lines: All kinds of jewellery products, etc.
Employees: 30. (Including retailing shops in Hong Kong)
400. (China)
Raw Materials: Imported from India, Europe, US, etc.
Markets: Hong Kong, Asia, Europe, North & South America, Australia, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
American Jewelers
Board of Trade, USA.
H. K. Gold & Silver Ornament Workers & Merchants General Union Ltd., Hong Kong.
Hong Kong Jewellery & Jade Manufacturers Association, Hong Kong.
Hong Kong Jewelry Manufacturers’ Association, Hong Kong.
Hong Kong Productivity Council, Hong Kong.
The Hong Kong General
Chamber of Commerce, Hong Kong.
[Membership No. HKG0381]
Nominal Share Capital: HK$15,000,000.00 (Divided into 15,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$15,000,000.00
Indebtedness: HK$921,403.60 (Total amount outstanding on all mortgages and charges as per last Annual Return dated 03-03-2011)
Mortgage or Charge:-
Date of Assignment of Insurance Policy (Two-Party): 30-03-2010
Amount: To secure all sums of money, debts and liabilities
Property: All the rights, title, benefits and interests of the Borrower in and to the Policy (No. 28001450 effective 30-03-2010) and the Proceeds, whether in existence at the date of the Assignment or after the date of the Assignment
Mortgagee: Hang Seng Bank Ltd., Hong Kong.
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory manner.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: Hang Seng Bank Ltd., Hong Kong.
Standing: Normal.
Having
issued 15 million ordinary shares of HK$1.00 each, Golden Master Jewellery Ltd.
is wholly owned by Ms. Kan Fong Ling, Renita who is a Hong Kong
businesswoman. She is also the only
director of the subject.
The
subject is a jewellery product manufacturer, exporter and retailer. It was established in 1992 and has got the
certificate of ISO 9001:2000 Quality Management System Standard since year
2006. The subject is headquartered in
Hong Kong with its own factory in Shunde, Guangdong Province, China which has
over 400 workers.
The
subject is specialized in hand made fine jewellery in 14K and 18K gold, PT900
and PT950 set with diamonds, gemstones, fancy sapphires, South Sea pearls and
fresh water pearls. Its main products
are diamond rings.
The
subject has employed an inspired team of in-house designers to develop new and
creative designs. Following the
international market trend closely, the subject has earned a reputation as a
trend-leader jewellery supplier of the world.
The
subject’s business is catering for clients in over 50 countries and districts
all over the world. The subject has
about 430 employees both in Hong Kong and China.. It is a member of The Hong Kong General
Chamber of Commerce, Hong Kong Jewelry Manufacturers’ Association, Hong Kong
Jewellery & Jade Manufacturers Association, H. K. Gold & Silver
Ornament Workers & Merchants General Union Ltd., and American Jewelers
Board of Trade.
In
Hong Kong, the subject is operating four retailing outlets bearing the name of
“Dazzle Jewelry”.
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 such
as Las Vegas of the United States, Vicenzaoro of Italy. For instance, it is going to take part in
“HKTDC Hong Kong International Jewellery Show 2013” which will be held in Hong
Kong Convention and Exhibition Centre, Wanchai, Hong Kong during the period of
5th to 9th March, 2013.
The
history of the subject in Hong Kong is over fifteen years.
On the whole,
consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.90 |
|
|
1 |
Rs.80.77 |
|
Euro |
1 |
Rs.67.40 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.