MIRA INFORM REPORT

 

 

 

Report Date :

02.10.2008

 

IDENTIFICATION DETAILS

 

Name :

PING HAN  YING  (HK)  CO.  LTD.

 

 

Registered Office :

Workshop 6, 2/F., Festigood Centre, 8 Lok Yip Road, Fanling, New Territories

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

03.10. 2001

 

 

Com. Reg. No.:

32310932

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Transportation and Logistic Service Provider

 

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

name of the company

 

PING  HAN  YING  (HK)  CO.  LTD.

 

 

ADDRESS

 

Workshop 6, 2/F., Festigood Centre, 8 Lok Yip Road, Fanling, New Territories, Hong Kong.

PHONE:                  2428 9221,  2929 2002

FAX:                       2725 6562

E-MAIL:                  dzchen@roundwide.com.hk

 

 

MANAGEMENT

 

Managing Director:  Mr. Chan To Chi

 

 

SUMMARY

 

Incorporated on:              3rd October, 2001.

 

Organization:                  Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10.00

 

Business Category:        Transportation and Logistic Service Provider.

 

Annual Turnover:            HK$15-20 million.

 

Employees:                   35.  (Hong Kong)

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

 ADDRESS

 

Registered Head Office:-

Workshop 6, 2/F., Festigood Centre, 8 Lok Yip Road, Fanling, New Territories, Hong Kong.

 

Holding Company:-

Round Wide Ltd., Hong Kong.  (Same address)

 

Affiliated Company:-

Shenzhen Ping Han Ying Transportation Co. Ltd., China.

 

 

BUSINESS REGISTRATION NUMBER

 

32310932

 

 

COMPANY FILE NUMBER

 

771694

 

 

MANAGEMENT

 

Managing Director:  Mr. Chan To Chi

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$10.00

 

 

SHAREHOLDERS

(As per registry dated 03-10-2007)

Name

 

No. of shares

Round Wide Ltd., Hong Kong.

 

7

LAI Ping Tong

 

3

 

 

––

 

Total:

10

==

 

DIRECTOR

(As per registry dated 03-10-2007)

 

Name

(Nationality)

 

Address

CHAN To Chi

3E, Block 2, Greenview Court, 644-654 Castle Peak Road, Tsuen Wan, New Territories, Hong Kong.

 

 

SECRETARY

(As per registry dated 03-10-2007)

 

Name

Address

LAI Ping Tong

Flat G, 32/F., Block 14, Richland Garden, Kowloon Bay, Kowloon, Hong Kong.

 

 

HISTORY

 

The subject was incorporated on 3rd October, 2001 as a private limited liability company under the Hong Kong Companies Ordinance.

Formerly the subject was located at Flat 255, 3/F., Wai Tak Industrial Building, 255 Un Chau Street, Shamshuipo, Kowloon, Hong Kong, moved to the present address in April 2002.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

OPERATIONS

 

Activities & Lines:    Transportation and Logistic Service Provider.

 

Employees:             35.  (Hong Kong)

 

Business Territories: Hong Kong, China, etc.

 

Annual Turnover:      HK$15-20 million.

 

Terms/Services:  As per contracted.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$10.00

 

Profit & Loss:    Making a small profit every year.

 

Condition:          Keeping in a normal state.

 

Facilities:          Making active use of general banking facilities.

 

Payment:  Met as required.

 

Commercial Morality:  Satisfactory.

 

Banker:  The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:  Normal.

 

 

GENERAL

 

Ping Han Ying (HK) Co. Ltd. is a 70% owned subsidiary of Round Wide Ltd., a Hong Kong-registered firm, which is also located at the operating address of the subject.  The other 30% is owned by Mr. Lai Ping Tong who is a Hong Kong merchant.  The director of the subject Mr. Chan To Chi is a Hongkongnese.

The subject is a logistic and transportation service provider.  It offers clients with the following services: Local Trucking, Cross Border Trucking, Lorry / Truck Rental, Sea Freight Forwarding, Air Freight Forwarding, etc.

Besides Hong Kong and China, the subject’s business territories also covers Southeast Asia, Taiwan, Europe, etc.  Business is normal.

In Shenzhen Special Economic Zone, the subject has got an affiliated company Shenzhen Ping Han Ying Transportation Co. Ltd. which is engaged in the same lines of business as the subject in Hong Kong.

The annual sales turnover of the subject ranges from HK$15 to 20 million.  Making a small profit every year.  Now, the subject has been maintaining a number of regular clients.

The subject’s history in Hong Kong is about seven years.

On the whole, consider the subject good for normal business engagements.

 

COURT CASES:            None per our.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.96

UK Pound

1

Rs.83.91

Euro

1

Rs.66.36

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions