MIRA INFORM REPORT

 

 

Report Date :           

08.07.2011

 

IDENTIFICATION DETAILS

 

Name :

JJB  LINK  LOGISTICS  CO.  LTD.

 

 

Registered Office :

Room 704, 7/F., Fourseas Building, 208-212 Nathan Road, Kowloon,

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

04.01.2002

 

 

Com. Reg. No.:

34961945

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Freight Forwarding Agent of all kinds of goods ad entrusted by clients

 

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 :

Usually Correct 

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Hong Kong

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

Company name

 

JJB  LINK  LOGISTICS  CO.  LTD.

 

 

Company ADDRESS

 

Room 428, 4/F., Block B, Profit Industrial Building, 1-15 Kwai Fung Crescent, Kwai Chung, New Territories, Hong Kong.

PHONE:            3741 2318,  3741 2376

FAX:                 3741 2320

E-MAIL:            ben.ng@jjb-link.com

 

 

MANAGEMENT

 

Managing Director:  Mr. Hung Man Chung, Billy

 

 

SUMMARY

 

Incorporated on:             4th January, 2002.

 

Organization:                 Private Limited Company.

 

Capital: Nominal:           HK$5,070,000.00

Issued:  HK$5,070,000.00

 

Business Category:        Freight Forwarding Agent.

 

Employees:                   15.

 

Main Dealing Banker:     Citibank N.A., Hong Kong Branch.

 

Banking Relation:           Satisfactory.

 

Company ADDRESS

 

Registered Office:-

Room 704, 7/F., Fourseas Building, 208-212 Nathan Road, Kowloon, Hong Kong.

 

Head Office:-

Room 428, 4/F., Block B, Profit Industrial Building, 1-15 Kwai Fung Crescent, Kwai Chung, New Territories, Hong Kong.

 

Holding Company:-

James J. Boyle & Co., USA.

 

 

BUSINESS REGISTRATION NUMBER

 

34961945

 

 

COMPANY FILE NUMBER

 

0781434

 

 

MANAGEMENT

 

Managing Director:  Mr. Hung Man Chung, Billy

 

 

CAPITAL

 

Nominal Share Capital:   HK$5,070,000.00 (Divided into 5,070,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$5,070,000.00

 

SHAREHOLDERS

(As per registry dated 04-01-2011)

 

Name

 

No. of shares

HUNG Man Cheung, Billy

 

1,528,605

WANG Chung Leong

 

319,410

YAO Lu

 

319,410

James J. Boyle & Co.

601 Gateway Blvd., #1220 So., San Francisco, CA 94080, USA.

 

2,788,500

ZHU Chen

 

114,075

 

 

––––––––

 

Total:

5,070,000

=======

 

 

DIRECTORS

(As per registry dated 04-01-2011)

 

Name

(Nationality)

 

Address

HUNG Man Cheung, Billy

Unit G, 7/F., Tower 7, Sausalito, 1 Yuk Tai Street, Ma On Shan, Shatin, New Territories, Hong Kong.

 

Greg Kiyoshi KODAMA

1201 E. Covina Hills Road, Covina, CA 91724, USA.

 

Edward Hiroshi INOUYE

1278 Greenbier Road, San Carlos, CA 94070, USA.

 

 

SECRETARY 

(As per registry dated 04-01-2011)

 

Name

Address

Co. No.

Bamic Consultancy Ltd.

Room 704, 7/F., Fourseas Building, 208-212 Nathan Road, Kowloon, Hong Kong.

0266468

 

 

HISTORY

 

The subject was incorporated on 4th January, 2002 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of Giant Speed Ltd., name changed to AGI Link Cargo Co. Ltd. on 13th October, 2004; changed to Link Cargo Co. Ltd. on 21st June, 2005; and further to the present style on 29th December, 2006.

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

 

 

OPERATIONS

 

Activities:                                  Freight Forwarding Agent.

 

Lines:                                       All kinds of goods ad entrusted by clients.

 

Employees:                               15.

 

Business Territories:                  Hong Kong, China, Europe, North America, etc.

 

Terms/Services:                         As per contracted.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$5,070,000.00 (Divided into 5,070,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$5,070,000.00

 

Mortgage or Charge:-

Date of  Deposit Deed:  30-11-2009

Amount:            All moneys

Property:           By way of a first fixed charge and as a continuing security for the Obligations, the Company charges and assigns absolutely all its rights, title to and interest in the Accounts and all Deposits

Mortgagee:        Citibank N.A., Hong Kong Branch.

 

Profit or Loss:                Making a small profit every year.

 

Condition:                      Keeping in a satisfactory manner.

 

Facilities:                      Making active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

Bankers:-

·         Citibank N.A., Hong Kong Branch.

·         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:  Normal.

 

GENERAL

 

Having issued 5,070,000 ordinary shares of HK$1.00 each, JJB Link Logistics Co. Ltd. is chiefly owned by James J. Boyle & Co. [JJB] which is a US-based firm.

The subject is a freight forwarding agent.  It is also a custom broker, NVOCC.

JJB has been operational in Shanghai since 2004.  The Shanghai office oversees all the businesses of the other offices in China.

Headquarters in Shanghai, China, China JJB offers its clients with all kinds of logistic services.

JJB opened its first office in San Francisco in 1964 which remains to be its corporate headquarters to this day.  JJB expanded its business to Los Angeles in the following year.  Steady growth in the 1970s led to the opening of new offices up and down the West Coast of the United States, firmly establishing itself as a top West Coast Customs Broker.  By the early 1990’s, a new full‑service office in Atlanta, combined with continued expansion via partnerships and alliances with international freight forwarders and brokers, gave JJB the capability of cargo facilitation in every major US port.

As JJB strides into the 21st century, its goal of becoming a true global freight forwarding company has come to fruition via its presence in Asia, Europe, and South America.

JJB continues to search for better ways to service its customers with the kind of custom-tailored and personalized service they have grown to expect.

JJB now has set up offices in Dallas of the United States and Portland.

In China, JJB has offices in Dalian, Qingdao, Shanghai, Tianjin, Xiamen, Shenzhen Special Economic Zone, Guangzhou, and Beijing.

The subject’s business is chiefly handled by Billy Hung Man Cheung, who is the managing director.  He is also a shareholder of the subject.

Billy Hung is also the Chief Executive Officer of Shanghai JJB.

The overall business of the JJB Group is satisfactory.

The subject is fully supported by JJB.  History in Hong Kong is over nine years and six months.

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

 

COURT CASES:            None per our.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.42

UK Pound

1

Rs.70.95

Euro

1

Rs.63.63

 

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.