MIRA
INFORM REPORT
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Report Date : |
09-08-2007 |
IDENTIFICATION DETAILS
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Name : |
WIN FORWARD SHIPPING LTD |
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Registered Office : |
Rm 702 Cheong Hing Bldg |
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Country : |
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Date of Incorporation : |
04.06.1999 |
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Com. Reg. No.: |
677778 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Subject is Engaged in providing shipping and forwarding services |
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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Maximum Credit Limit : |
US$ 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
WIN FORWARD SHIPPING LTD
RM 702 CHEONG HING BLDG
TEL: 852 23111823
FAX: 852 23167157
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 4, 1999
REGISTRATION NO. :
677778
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. WAI-KAI WEN (OFFICER)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,279
BUSINESS LINE : SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7. 8288 = US$1 AS OF 2007-8-6
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
NOTE
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The ordered name, GREENERY ETERNAL CORP is a company in
*Company Registration*
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License number : 677778
Date issued : 4 June, 1999
Issuing authority : Companies Registry
Type of license : Corporate
License number : 30378295
Date issued : N/A
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
*Registrar*
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*Capital Details*
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Share value : HKD 1.00/-each
Authorized capital : HKD 10,000.00
Paid-up capital : HKD 2.00 divided into 2 ordinary share
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Only Mr. Wei-teng Chiu can sign on behalf of the company with seal
affixed.
E-mail : wf4@wford.com.hk
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders
: 2
Total number of ordinary shares : 2
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
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------------------------------ ----------------------------------
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Wei-teng Chiu 1
1.00 50.00
Alice Yu-feng Hsiao 1 1.00 50.00
*Directors' Details*
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Wei-teng Chiu
HKID no. : P447148(6)
Address : Rm 702 Cheong Hing Bldg
Alice Yu-feng Hsiao
HKID no. : P211508(9)
Address : Rm 702 Cheong Hing Bldg
*Company Secretary*
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Wei-teng Chiu
HKID no. : P447148(6)
Address : Rm 702 Cheong Hing Bldg
*COMPANY MANAGEMENT*
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Name Nationality
Job Description Dept. / Division
Mr. Wai-kai Wen Hong
Kong Officer Administration
*Main Products & Services*
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Engaged in providing shipping and forwarding services.
Products :
Forwarding
Shipping
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : GREENERY
ETERNAL CORP
Country :
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Service
Industry :
Transportation
PAYMENT RATING :3 OBTAINED SCORES : 55
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Rating Key |
Implication |
Implications |
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1 |
Scores 85–100 |
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.
Dealings on open terms may be possible for SMALL
amounts depending on individual judgement experience.
*Bank Details*
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Bank Name : TAIWAN CO-OP BANK
SWIFT Code : This bank does
not have a SWIFT Code
As a limited company there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a development history of 8
years. A credit line up to US$ 10,000 appears to be within SC’s capacities.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 4400
Water Transportation
Service 4412
Sea Foreign Freight Trans
Service 4424
Sea Domestic Freight Trans
Service 4449
Water Freight Transport,
NEC
Service 4731
Arrange Trans
Freight/Cargo
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9841
Deep sea foreign freight
transportation of freight
Service 9842
Deep sea domestic freight
transportation of freight
Service 9852
Freight transportation
arrangement, customs brokerage
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/normal. |
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 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%)