MIRA
INFORM REPORT
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Report Date : |
04.09.2007 |
IDENTIFICATION DETAILS
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Name : |
MANIPAL LTD |
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Registered Office : |
7FL Rm 704 Cheong Tai Commercial Bldg, |
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Country : |
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Date of Incorporation : |
January 8, 1974 |
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Com. Reg. No.: |
36850 |
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Legal Form : |
Private |
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Line of Business : |
Providing logistic and shipping arrangement services of various products
such as garments, electronic products, gift items, lighting equipment, metal
products, etc. |
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. |
Small |
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Maximum Credit Limit : |
Up To USD 20,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name &
address
MANIPAL LTD
7FL RM 704 CHEONG TAI COMMERCIAL BLDG
TEL : 852-25451134
FAX : 852-28507029
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 8, 1974
REGISTRATION NO. :
36850
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. MEGHAN MOTICHAND BEED (MANAGING DIRECTOR)
STAFF STRENGTH :
5
CAPITAL :
US$ 383,632
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79818 = US$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 : 36850
Date issued : 8 January,
1974
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 05161603-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
=============
Incorporated as : JEMS
LTD
Date of incorporation : 8
January, 1974
Changed name to : MANIPAL
LTD
Date of change : 6 May,
1977
*Registrar*
=========
C K LIU & CO
*Office & Facilities*
================
Other tel no : 25451181
*Capital Details*
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Registered capital : HKD
3,000,000.00 was divided into 30,000 ordinary shares at HKD 100.00/-each, fully
paid
*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. Bijal Motichand Beed can sign on behalf of the company with
seal affixed.
SC is not known to host website of its own at present.
E-mail: manipal@netvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 3
Total number of shares
: 30,000
Shareholders' Name
No. of Shares Amount of
Shares (HKD) % of Shares
-------------------------- ------------------ ----------------------------------- ----------------
Meghan Motichand Beed
10,000
1,000,000.00
33.33
Jaya Motichand Beed 10,000 1,000,000.00 33.33
Bijal Motichand Beed 10,000 1,000,000.00 33.33
*Directors' Details*
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(1)
Jaya Motichand Beed
National ID No : XD275898(4)
Address : Rm 704
Cheong Tai Commercial Bldg 60-66 Wing Lok St Sheung Wan
(2)
Bijal Motichand Beed
National ID No : K533959(6)
Address : Rm 704 Cheong
Tai Commercial Bldg 60-66 Wing Lok St Sheung Wan
*Company Secretary*
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LODESTAR SECRETARIES LTD
Address : 13Fl Wah Kit Commercial Centre
CR no. : 113023
Management: Mr. Meghan Motichand Beed, Managing Director
Name Nationality
Job Description
Mr. Meghan Motichand Beed
*Key Personnel*
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Meghan Motichand Beed
National ID No : XD275897(6)
Address : Rm 704 Cheong
Tai Commercial Bldg
Responsibility : Handles the
overall management of the company.
*Main Products & Services*
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Specializes in providing logistic and shipping arrangement services of
various products such as garments, electronic products, gift items, lighting
equipment, metal products, etc.
Products: Logistics
Logistics
services
Shipping
arrangements
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 47
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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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financial.
*Bank Details*
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Bank name : HONG KONG &
SHANGHAI BANKING CORP LTD, THE
Branch : Mongkok,
Swift code : HSBCHKHH
SC is considered small-sized in its line with a long operating history.
It is considered a credit line up to USD20,000 appears to be within SC’s
capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 4700 Transportation
Services
Service 4731 Arrange
Trans Freight/Cargo
Service 7300 Business
Services
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, nvocc, customs brokerage
Service 9900 Business
services, health, financial/insur. legal/real estate, hotels, and misc repairs
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. |
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%)