MIRA INFORM REPORT

 

 

Report Date :           

03.08.2012

 

IDENTIFICATION DETAILS

 

Name :

ALL-THE WAY EXPRESS LTD.

 

 

Registered Office :

Room 227-228, 2/F., Metro Centre II, 21 Lam Hing Street, Kowloon Bay, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

16.01.1998

 

 

Com. Reg. No.:

21484558

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Logistic Service Provider.

 

 

No. of Employees :

15

 

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

           

ALL-THE  WAY  EXPRESS  LTD.

 

 

ADDRESS

 

Room 227-228, 2/F., Metro Centre II, 21 Lam Hing Street, Kowloon Bay, Kowloon, Hong Kong.

 

PHONE:            2756 0608

 

FAX:                 2756 0903

 

E-MAIL:                        hongkong@allthewayexpress.com

 

 

MANAGEMENT

 

Managing Director:  Mr. Li Chia Cheng

 

 

SUMMARY

 

Incorporated on:             16th January, 1998.

 

Organization:                 Private Limited Company.

 

Capital: Nominal:           HK$250,000.00

 

Issued:                          HK$250,000.00

 

Business Category:        Logistic Service Provider.

 

Employees:                   15.

 

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

 

Banking Relation:           Satisfactory.

COMPANY NAME

 

ALL-THE  WAY  EXPRESS  LTD.

 

 

ADDRESS

 

Registered Head Office:-

Room 227-228, 2/F., Metro Centre II, 21 Lam Hing Street, Kowloon Bay, Kowloon, Hong Kong.

 

Associated Companies:-

All-The-Way Express (Shanghai) Co., Ltd., China.

All-The-Way Express (Taiwan) Co., Ltd., Taiwan.

All-The-Way Express Ltd., Shenzhen, China.

 

 

BUSINESS REGISTRATION NUMBER

 

21484558

 

 

COMPANY FILE NUMBER

 

 0634806

 

 

MANAGEMENT

 

Managing Director:  Mr. Li Chia Cheng

General Manager:  Mr. Pindar Lee

 

 

CAPITAL

 

Nominal Share Capital: HK$250,000.00 (Divided into 250,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$250,000.00

 

SHAREHOLDERS 

 

(As per registry dated 16-01-2012)

Name

 

No. of shares

LI Chia Cheng

 

108,750

CHEN Ching Po

 

32,500

TIEN Yu Chen

 

108,750

 

 

–––––––

 

Total:

250,000

======

 

 

DIRECTORS

 

(As per registry dated 16-01-2012)

Name

(Nationality)

 

Address

LI Chia Cheng

Room 227-228, 2/F., Metro Centre II, 21 Lam Hing Street, Kowloon Bay, Kowloon, Hong Kong.

 

TIEN Yu Chen

3/F., No. 9, 225 Lane, Yu Chen Street, Taipei, Taiwan.

 

CHEN Ching Po

Room 227-228, 2/F., Metro Centre II, 21 Lam Hing Street, Kowloon Bay, Kowloon, Hong Kong.

 

 

SECRETARY

 

LI Chia Cheng  (As per registry dated 16-01-2012)

 

 

HISTORY

 

The subject was incorporated on 16th January, 1998 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:       15.

 

Commodities Imported:   Not Applicable.

 

Business Territories:  Hong Kong, Taiwan, China, Japan, other Asian countries, Europe, North America, etc.

 

Terms/Sales:  As per contracted.

 

Terms/Buying:  Various Terms.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital: HK$250,000.00 (Divided into 250,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$250,000.00

 

Profit or Loss:                Making a small profit every year.

 

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 250,000 ordinary shares of HK$1.00 each, All-The-Way Express Ltd. is jointly owned by Mr. LI Chia Cheng, holding 43.5% interests; Mr. Chen Ching Po, holding 13.0%; Mr. Tien Yu Chen, 43.5%.  All the shareholders are Taiwan merchants while LI Chia Cheng and Chen Ching Po are He is a Hong Kong ID Card holders and have got the right to reside in Hong Kong permanently.

The subject is a forwarding agent.  It is engaged in the following business scope:-

Air Freight and Sea Freight;

Warehousing;

Customs Declaration;

Transhipment;

Logistics; &

Goods Insurance.

The following firms are the subject’s main associates:-

All-The-Way Express (Taiwan) Co., Ltd., Taiwan;

All-The-Way Express (Shanghai) Co., Ltd., China.

The Taiwan firm is the headquarters of the Group.  Now, the subject has set up a company in Shenzhen Special Economic Zone, China and a Shanghai firm in order to penetrate the China market further.

The business territories of the subject are Hong Kong, Taiwan, China, Japan, other Asian countries, Europe, North America, etc.  Business is rather active.

The General Manager of the subject Mr. Pindar Lee is a Hongkongnese.

As the history of the subject is over 14 years in Hong Kong, on the whole, consider it good for normal business engagements.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.78

UK Pound

1

Rs.86.75

Euro

1

Rs.68.32

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.