MIRA
INFORM REPORT
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Report Date : |
02.06.2007 |
IDENTIFICATION DETAILS
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Name : |
KWAI KONG SHIPPING CO LTD |
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Registered Office : |
Rm 207, 2FL Wayson Commercial Bldg |
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Country : |
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Date of Incorporation : |
August 31, 1979 |
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Com. Reg. No.: |
72767 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in the provision of local transportation, container haulage vanning
and devanning services. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Up To USD 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name & address
KWAI KONG SHIPPING CO LTD
RM 207, 2FL WAYSON COMMERCIAL BLDG
TEL : 852-25480009
FAX : 852-25592926
EXECUTIVE SUMMARY
INCORPORATION DATE : AUGUST
31, 1979
REGISTRATION NO. :
72767
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
10
CAPITAL :
US$ 12,804
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80984 = US$1 AS OF 2007-6-1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –
*Company Registration*
===================
(1)
License number : 72767
Date issued : 31 August,
1979
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 06236990
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 100,000.00 divided into 1,000 ordinary shares
HKD 100.00/-each, fully paid
*Office & Facilities*
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Other tel no : 25494844
*Registrar*
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CORPORATE SECRETARIES LTD
*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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Mr. Kwei-sang Chan can sign on behalf of the company with seal affixed.
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 :
1,000
Shareholders' Name No. of Ordinary
Shares Amount of Shares (HKD) % of Shares
--------------------------
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GUI JIANG ENTERPRISES LTD 999 99,900.00 99.90
Mr. Xin-da Wen
1
100.00 0.10
*Directors' Details*
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(1)
Mr. Kwei-sang Chan
HKID no : K776124(4)
Address : Flat A 22Fl
(2)
Mr. Xin-da Wen
HKID no : P708886(1)
Address : Flat B 21Fl Ka On Bldg
*Company Secretary*
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Mr. Kwei-sang Chan
HKID no : K776124(4)
Address : Flat A 22Fl
SC declined to release any management details.
*Main Products & Services*
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Engaged in the provision of local transportation, container haulage
vanning and devanning services.
Products: Cargo
Container haulage
Container vanning
Devanning
Freight
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 55
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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 : NANYANG COMMERCIAL BANK LTD
Branch : Western
Swift code : NYCBHKHH
As a private 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 long operating history.
It is considered a credit line up to USD 10,000 appears to be within SC’s
capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 4491 Marine
Cargo Handling
Service 4700 Transportation
Services
Service 4731 Arrange
Trans Freight/Cargo
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9845 Marine
cargo handling
Service 9852 Freight
transportation arrangement, customs brokerage
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Service Freight management
Service Local transportation
Service Ports transportation
Service Shipping
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%)