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Report Date : |
21.03.2012 |
IDENTIFICATION DETAILS
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Name : |
LONG CONFIDENCE LOGISTICS (CHINA) LTD. |
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Registered Office : |
Workshop 6, 2/F., Festigood Centre, 8 Lok Yip Road, Fanling, New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
13.08.2003 |
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Com. Reg. No.: |
33835785 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Transportation and Logistic Service Provider |
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No. of Employees : |
30. (Including associates in Hong Kong) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 30, 2011
|
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 |
LONG CONFIDENCE
LOGISTICS (CHINA) LTD.
ADDRESS: Workshop 6, 2/F., Festigood
Centre, 8 Lok Yip Road, Fanling, New Territories, Hong Kong.
PHONE: 2428 9221, 2929 2002,
2929 2103
FAX: 2725 6562
E-MAIL: dzchen@roundwide.com.hk
Managing Director: Mr. Chan To
Chi
Incorporated on: 13th
August, 2003.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Transportation and Logistic Service Provider.
Annual Turnover: HK$30~35
million. (Including associates)
Employees:
30. (Including associates in Hong Kong)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
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)
Associated Companies:-
Ping Han Ying (HK) Co. Ltd., Hong Kong.
(Same address)
Shenzhen Ping Han Ying Transportation Co. Ltd., China.
33835785
0857390
Managing Director: Mr. Chan To
Chi
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry dated 13-08-2011)
|
Name |
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No. of shares |
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Round Wide Ltd., Hong Kong. |
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6,530 |
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LAI Ping Tong |
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3,470 |
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–––––– |
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Total: |
10,000 ===== |
(As per registry dated 13-08-2011)
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Name (Nationality) |
Address |
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CHAN To Chi |
1/F., 18B Chau Tau Village, Suntin, Yuen Long, New Territories,
Hong Kong. |
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LAU Wai Lun |
Room 2702, 27/F., Block H, Luk Yeung Sun Chuen, Tsuen Wan, New
Territories, Hong Kong. |
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LAI Ping Tong |
Flat G, 32/F., Block 14, Richland Garden, Kowloon Bay, Kowloon, Hong
Kong. |
LAU Wai Lun (As per registry dated 13-08-2011)
The subject was incorporated on 13th August, 2003 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.
Activities & Lines: Transportation and Logistic Service
Provider.
Employees: 30.
(Including associates in Hong Kong)
Business Territories: Hong Kong, China, Taiwan, Southeast Asia, Europe, etc.
Annual Turnover: HK$30~35 million.
(Including associates)
Terms/Services: As per contracted.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit or 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.
Long Confidence Logistics (China) Ltd. is a 65.3% owned subsidiary of
Round Wide Ltd., a Hong Kong-registered firm, which is also located at the
operating address of the subject. The
other 34.7% is owned by Mr. Lai Ping Tong who is a Hong Kong merchant.
Chan To Chi is the Managing Director of the subject.
The subject has had an associated company Ping Han Ying (HK) Co. Ltd.
[PHY], a Hong Kong-registered firm located at its operating address. PHY and the subject are engaged in the same
lines of business.
The subject has got a business partner in Hong Kong known as China
Oriental Express Co. Ltd. [COE].
Currently, COE has over eight branches in China.
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 cover Taiwan, Southeast Asia, Europe, etc. Business is normal.
In Shenzhen Special Economic Zone, the subject has got an associated
company Shenzhen Ping Han Ying Transportation Co. Ltd. [Shenzhen PHY] which is
engaged in the same lines of business as the subject in Hong Kong. Located at Flat A, 41 Tianxin Dong Road,
Shatoujiao, Yantian, Shenzhen Special Economic Zone, China, Shenzhen PHY has
had a number of business partners in China.
Mr. Chan To Chi is the contact person of Shenzhen PHY.
The annual sales turnover of the subject ranges from HK$30 to 35
million. Making a small profit every
year. Now, the subject has been
maintaining a number of regular clients both in Hong Kong and China.
The subject’s history in Hong Kong is over eight years and seven months.
On the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.25 |
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|
1 |
Rs.79.76 |
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Euro |
1 |
Rs.66.52 |
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 |
|
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 |
-- |
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.