MIRA INFORM REPORT
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Report Date : |
09.12.2011 |
IDENTIFICATION DETAILS
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Name : |
CROWN WORLD INC. LTD. |
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Registered Office : |
DD 119, Lot 1304, Pak Sha Tsuen, Yuen Long, New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
08.03.2010 |
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Com. Reg. No.: |
52550780 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Logistic Service Provider |
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No. of Employees
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5 Persons |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Hong Kong |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
CROWN WORLD INC.
LTD.
Company ADDRESS
DD 119, Lot 1304, Pak Sha Tsuen, Yuen Long, New Territories, Hong Kong.
PHONE: 2479 3189, 2479 7189, 2479 9130, 2470 7189
MANAGEMENT
Managing Director: Mr. Chan Hon Sum
SUMMARY
Incorporated on: 8th March, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$3.00
Business Category: Logistic Service Provider.
Employees: 5.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office & Warehouse:-
DD 119, Lot 1304, Pak Sha Tsuen, Yuen Long, New Territories, Hong Kong.
Business Name:-
Jung Shing Hong, Hong Kong. (Same BR No.)
Affiliated
Companies:-
COE Group of Companies
· China Oriental Express Co. Ltd., Hong Kong.
· COE International Logistics (HK) Ltd., Hong Kong.
· Dragon Well Transportation Ltd., Hong Kong.
etc.
BUSINESS REGISTRATION NUMBER
52550780
COMPANY FILE NUMBER
1427431
MANAGEMENT
Managing Director: Mr. Chan Hon Sum
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$3.00
SHAREHOLDERS
(As per registry
dated 27-04-2011)
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Name |
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No. of shares |
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CHAN Hon Sum |
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1 |
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TANG Wing Ming |
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1 |
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LEUNG Wing Fat |
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1 |
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–– |
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Total: |
3 = |
DIRECTORS
(As per registry
dated 27-04-2011)
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Name (Nationality) |
Address |
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TANG Wing Ming |
Lot House, No. 172, 1/F., Kat Hing Wai, Yuen Long, New Territories, Hong Kong. |
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LEUNG Wing Fat |
Flat 11, 12/F., Yau Ning House, Tin Yau Court, Tin Shui Wai, Yuen Long, New Territories, Hong Kong. |
SECRETARY
(As per registry
dated 08-03-2011)
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Name |
Address |
Co.
No. |
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General Secretarial Ltd. |
Room 1501, 15/F., Yu Sung Boon Building, |
0731960 |
HISTORY
The subject was incorporated on 8th March, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities & Lines: Logistic Service Provider.
Employees: 5.
Commodities Imported: All kinds of commodities as entrusted by clients.
Business Territories: Hong Kong, China, other Asian countries, Europe, North America, etc.
Terms/Services: As per contracted.
Terms/Buying: Various terms.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$3.00
Alternation of Capital:-
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08-03-2010 |
paid up |
HK$ 1.00 |
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27-04-2011 |
paid up |
HK$ 2.00 |
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––––––––– |
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Total: |
paid up |
HK$ 3.00 ======== |
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Too early to comment.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Having issued 3 ordinary shares of HK$1.00 each, Crown World Inc. Ltd. is equally owned by three Hong Kong merchants, namely, Mr. Chan Hon Sum, Mr. Tang Wing Ming and Mr. Leung Wing Fat.
Incorporated in March 2010, the subject is a logistic service provider. Its business name is Jung Shing Hong.
The subject transports all kinds of commodities especially the following commodities: grains, leather materials, leather products, etc.
The subject is an affiliated company of the COE Group of Companies [COE]. The following firms are the main members of the Group:-
· China Oriental Express Co. Ltd.
· COE International Logistics (HK) Ltd.
· Dragon Well Transportation Ltd.
COE was established in 1994 as a courier company in Hong Kong. It has grown to be a well-known integrated logistics company with over 8 branches in China. COE has been appointed as the direct deal agent of the four integrators and has developed long-term co-operation with airlines and shipping companies. With years of development, COE now provides clients with a wide range of services, including domestic express, cross border trucking between Hong Kong and Mainland China, international express, import and export declaration, international freight forwarding and logistics management.
COE has become an efficient international logistics enterprise with fully equipped facilities, network coverage, and sound services. Business scope has been expended into domestic freight, international freight, bounded trucking service.
COE has got a rather good reputation in its field of business. Now, COE has set up China offices in Guangzhou, Shenzhen SEZ, Dongguan, Huizhou, Xiamen, Shanghai, Zhongshan, etc.
The subject is engaged in the same lines of business as COE. Its registered address is also a warehouse where imported, exported commodities or containers can be stored.
The history of the subject is just over a year and nine months. Business is still under development.
On the whole, since the history of the subject is short in Hong Kong, consider it good for normal business engagements on secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.78 |
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UK Pound |
1 |
Rs.81.32 |
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Euro |
1 |
Rs.69.42 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.