MIRA INFORM REPORT

 

 

Report Date :           

14.11.2011

 

IDENTIFICATION DETAILS

 

Name :

MANSON  DELIVERY  LTD.

 

 

Registered Office :

Room 813, 8/F., Kar Wah Industrial Building, 8 Leung Yip Street, Yuen Long, New Territories

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

29.05.2006

 

 

Com. Reg. No.:

36810986

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Transportation Company

 

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 :

No Complaints

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

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Hong Kong

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

MANSON  DELIVERY  LTD.

 

 

Company ADDRESS

 

Room 813, 8/F., Kar Wah Industrial Building, 8 Leung Yip Street, Yuen Long, New Territories, Hong Kong.

PHONE:            3741 0825

FAX:                 3493 4965

 

 

MANAGEMENT

 

Managing Director:  Mr. Mak Kwan Lim

 

 

SUMMARY

 

Incorporated on:             29th May, 2006.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10.00

 

Business Category:        Transportation Company.

 

Employees:                   8. (Office staff only)

 

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

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

Room 813, 8/F., Kar Wah Industrial Building, 8 Leung Yip Street, Yuen Long, New Territories, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

36810986

 

 

COMPANY FILE NUMBER

 

1048542

 

 

MANAGEMENT

 

Managing Director:  Mr. Mak Kwan Lim

 

 

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 29-05-2010)

 

Name

 

No. of shares

MAK Kwan Lim

 

6

LEUNG Choi Kwai

 

4

 

 

––

 

Total:

10

==

 

DIRECTOR    

(As per registry dated 29-05-2010)

 

Name

(Nationality)

 

Address

MAK Kwan Lim

Room 3, Block A, 9/F., Rainbow Garden, Tsing Sin Street, Tuen Mun, New Territories, Hong Kong.

 

 

SECRETARY

(As per registry dated 29-05-2010)

 

Name

Address

LEUNG Choi Kwai

Room 404, Tsz Yan House, Tin Tsz Estate, Tin Shui Wai, New Territories, Hong Kong.

 

 

HISTORY

 

The subject was incorporated on 29th May, 2006 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:                      Transportation company.

 

Employees:                               8.  (Office staff only)

 

Business Territories:                  China, Hong Kong, etc.

 

Terms/Sales:                             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$10.00

 

Profit or Loss:                            Making a small profit in the past three years.

 

Condition:                                  Keeping in a satisfactory manner.

 

Facilities:                                  Making rather active use of general banking facilities.

                                               

Payment:                                  Met trade commitments as required.

 

Commercial Morality:                 Satisfactory.

 

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

 

Standing:                                  Normal.

 

 

GENERAL

 

Having issued 10 ordinary shares of HK$1.00 each, Manson Delivery Ltd. is jointly owned by Mr. Mak Kwan Lim, holding 60% interests, Ms. Leung Choi Kwai, holding 40%.  Both are Hong Kong merchants.  Mak is also the director of the subject.

The subject is engaged in goods transportation.  Business territories cover Hong Kong and Southern China.  It is a transport agent.  It is engaged in the following business scope:

· Entrusted by consignees to transport goods form container ports to destinations

· Entrusted by shippers to transport goods from manufacturing units to container ports

· Customs decorations by means of ‘Road Cargo Systems’ [ROCARS]

The subject has had a number of contracted drivers.  In recent years, it has registered with the container port to receive electronic receipts after delivering containers to the wharf.

The subject has had developed business ties with a number of regular clients in Hong Kong.  Overall business is normal.  History in Hong Kong is over five years and five months.

On the whole, consider it good for normal business engagements in moderate credit amounts.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.28

UK Pound

1

Rs.80.08

Euro

1

Rs.68.45

 

 

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.