MIRA
INFORM REPORT
|
Report Date : |
21.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
KINGBOARD LAMINATES (MACAO COMMERCIAL OFFSHORE) LIMITED |
|
|
|
|
Registered Office : |
Av Da Raia Grande MO 599 Edificio Commercial Rodrigues, 3Fl Andar
Macau |
|
|
|
|
Country : |
Macau |
|
|
|
|
Date of Incorporation : |
2005 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Laminated Plastics Plate, Sheet, and Shape Manufacturing. |
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 |
name
KINGBOARD LAMINATES (MACAO COMMERCIAL OFFSHORE) LIMITED
Company Details
Country : Macau
Address : Av Da Raia
Grande MO 599 Edificio Commercial Rodrigues, 3Fl Andar Macau
Tel :
853-28323257
Fax :
853-28322364
Email : enquiry@kingboard.com
Website :
www.kblaminates.com
Type : Trader
Industry : Laminates
Key Facts
Established Year : 2005
License number/s : 20907
SO
Formation :
Private
Employees : 3
Capital :
Local Currency 100,000
CREDIT ASSESSMENT
FACTORS
Credit risk assessment is gauged on 12 key business factors. Each factor is assigned a rating and the
total is aggregated and weighed in consideration of any other influencing
factors relevant to the final assessment.
These factors include :
Financial Status Profitability Industry sector
& trends
Principals Litigation Liabilities
Management Scale
of operations Years in
business & co history
Assets(real estate etc.) Trade
references & reputation Family
involvement & support
Adverse Data
Results : Total of 0 record found.
Recommended Credit
Limit - Trade Finance
Amount : USD 50,000
Period : 30 days
Management &
Products
Management Mr Kwok-wing
Cheung, Director
Sex M
Nationality Hong Kong
Management Mr Kwok-keung
Cheung, Director
Sex M
Nationality Hong Kong
Management Mr Kwok-wa Cheung,
Director
Sex M
Nationality Hong Kong
Management Mr Kwok-ping
Cheung, Director
Sex M
Nationality Hong Kong
Management Mr Wing-kwan Chan,
Director
Sex M
Nationality Hong Kong
Products : Laminates
Freshcheck Report
Details Company
Details
Country :
Macau
Company Name :
KINGBOARD LAMINATES (MACAO COMMERCIAL OFFSHORE) LIMITED
Company Address : Av Da
Raia Grande MO 599 Edificio Commercial Rodrigues, 3Fl Andar Macau
Company Tel :
853-28323257
Company Fax :
853-28322364
Company Email : enquiry@kingboard.com
Company Website :
www.kblaminates.com
Company Type : Trader
Industry :
Laminates
Established Year : 2005
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3083 "Laminated Plastics Plate,
Sheet, and Profile Shapes"
NAICS PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 32613 "Laminated Plastics Plate,
Sheet, and Shape Manufacturing"
DETAILED PRODUCT
CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Trading Laminates
OWNERSHIP
Chairman : Mr
Kwok-wing Cheung
Nationality :
Hong Kong
Capital :
Local Currency 100,000
Employees : 3
Company Formation : Private
REGISTRATION &
LEGAL STATUS
*Credit Assessment*
===================
The company's Group is considered well - maintained corporation in the industry. It appears to have acceptable market connections and financial base to come into credit dealings of a moderate amount *Operation Status*
==================
Investigations have included : 1) A site visit was conducted at the company's heading address which revealed that the above company's name was seen on display.2) The company is engaged in trading of electronic parts and components.3) The company's products are manufactured in the Group's production facilities located in the PRC and employing 2,500+ workers.4) The company's products are sold to oversea markets such as South East Asia, North America, Europe and the PRC.5) The company currently employs 3 staff in its Macau office that maintains the company's sales and marketing, ordering, shipping and daily operation activities. *Capital Details*
=================
Share value : MOP$ 1.00/-eachAuthorized capital : MOP$ 100,000 divided into 100,000 ordinary sharesPaid-up capital : MOP$ 100,000 *Share transfers*================ Date No. of shares Transferor(s) Transferee(s)------- ------------------- ------------------ ----------------22 September, 2006 100,000 Jamplan (BVI) Limited Excel First Investments Limited *Company Registration*
======================
Company Name in English: Kingboard Laminates (Macao Commercial Offshore) Limited Company Name in Portugues: Companhia Kingboard Tabuas Laminadas (Comercial Offshore De Macau) LimitadaLicense number : 20907 SO Date issued : 1 April, 2005 Issuing authority : Conservatoria Dos Registos Comercial E De Bens Moveis *Company Name*
==============
No record
FINANCIAL RELATED
DESCRIPTION
*Financials*
============
As a private limited company, no official financial statement is required to be publicly disclosed. Upon our current contact, the company's staff, Miss Wu, refused to forward any financial information regarding the company on the grounds that the company is a private venture whose financial information is considered sensitive private business information not subjected to public release or release to non-business related parties. *Bank Details*
==============
Name : Citibank, Na Branch MacauA/C no. : 61053163 *Reputation*
============
Reference checking for the purpose of establishing the firm's reputation within the respective industry failed to reveal any negative information. *Payment Terms*
===============
Sales--------Export : Letter of Credit (L/C) Telegraphic Transfer (T/T) Purchases--------------Import : Letter of Credit (L/C) Telegraphic Transfer (T/T)
ADVERSE DATA
MONITORING
DISHONORED CHECKS No Record Found
DEBT No
Record Found
LITIGATION No
Record Found
PERFORMANCE DEFAULTS No Record Found
ADVERSE PRESS COVERAGE No Record Found
FORMER COMPANY RELATIONSHIPS No Record Found
BANKS REFERENCES
Bank : CITIBANK NA
Bank : HONG KONG & SHANGHAI BANKING CORP LTD, THE
PRODUCT, TECHNOLOGY,
SERVICE DESCRIPTION
*Main Products & Services*
==========================
Specializing in trading of laminates. *Detailed Product Specifications*
=========================
Items available include:Glass epoxy laminatePaper laminateCopper foil laminationFormalin Glass fabric
FACTORY FACILITIES
& MANUFACTURING
CAPABILITIES
*Factories, Size & Locations*
=============================
The Group’s production factories include:(1)SHUITIAN KINGBOARD MANUFACTURING PLANTAddress : Daobien Shuitian 236 Industrail Area, Shiyan Road, Baoan District, Shenzhen City, Guangdong Province, P.R. China Tel : 755-28160662Fax : 755-28160941Year est. : 1994Capacity : 800,000 sheets / monthAward : QS9000 (2)KINGBOARD LAMINATES (JIANGMEN) CO LTDAddress : No.40, Jinou Road, Jiangmen High Tech Development Zone, Jiangmen City, Guangdong Province, P.R. China Tel : 750-3808148Fax : 750-3807865Year est. : 2000Award : ISO9002, QS9000, ISO9000, TS16949 (3)KUNSHAN YATTAO CHEMICAL CO LTD / KINGBOARD LAMINATES (KUNSHAN) CO LTDAddress : Zhangpu Support Area, Kunshan Economic and Technological Development Zone, Kunshan City ,Jiangsu Province, P.R. ChinaTel : 512-57441689Fax : 512-57440068Year est. : 1994 / 2000Capacity : 1.6 million sheets / monthAward : QS9000, ISO14001, ISO9000 (4)KINGBOARD (FOGANG) PAPER LAMINATES CO LTD / KINGBOARD (FOGANG) LAMINATES CO LTDAddress : Kingboard Industrial Area, Shijiao Town, Fogang County, Qingyuan City, Guangdong Province, P.R. China Tel : 763-4270188Fax : 763-4270198Year est. : 2004Capacity : 800,000 sheet paper laminates / monthAward : ISO9001, ISO14001 (5)SHIXING KINGBOARD LAMINATES MANUFACTURING PLANTAddress : Baoshi Industrial Area, Taiping Town, Shixing Couty, Shaoguan City, Guangdong Province, P.R. China Tel : 751-3312403Fax : 751-3312148Year est. : 2002Capacity : 1 million sheets / monthAward : ISO9001
ORGAINIZATION
STRUCTURE
*Parent Company*
================
The company is a subsidiary of Kingboard Laminates Holdings Ltd (a listed company in Hong Kong)., whose partial information is as follows: Ticker : 1888Exchange : SEHKAddress : 5/F., Block M, Valiant Industrial Center, 2-12 Au Pui Wan Street, Fotan, Shatin, NT, Hong Kong.Business Line : Kingboard Laminates Holdings Limited is a vertically integrated electronics materials manufacturer that specializes in the production of laminates, including glass epoxy laminates, paper laminates and composite epoxy material (CEM) laminates. All of the Company's production facilities are located in China's primary electronics manufacturing centers in Guangdong province and Jiangsu province. Turnover : HKD 6,131,169,000 (for the year ended 2005) *Key Personnel*
===============
(1)Name : Kwok-wing Cheung Marital: Married Position : Director Resident status : Chinese nationality and Hong Kong resident Responsibilities : Currently active in the company's day-to-day operations & is responsible for its management.Registered address: NO.12-20 Block B, Kam On Garden, Ma On Path, Kau To Shan, Shatin, NT,HK.Date of Change of Address: 13 March, 2007 *Office & Facilities*
=====================
Change of Registered Address----------------------------Changed address to : Av Da Raia Grande MO 599 Edificio Commercial Rodrigues, 3Fl Andar MacauDate of change : 23 June, 2005
SUBSIDIARIES,
JOINT-VENTURES & AFFILIATES
Company Name : KINGBOARD
LAMINATES LIMITED
Country :
Hong Kong
Relationship :
Affiliates
Company Name : KINGBOARD
INVESTMENTS LIMITED
Country :
Hong Kong
Relationship : Affiliates
Company Name : JAMPLAN
MARKETING LIMITED
Country :
Hong Kong
Relationship :
Affiliates
Company Name : KINGBOARD
PAPER MILL LIMITED
Country :
Virgin Island (British)
Relationship :
Affiliates
Company Name : YAT TAO
CHEMICAL HOLDINGS (H.K.) LIMITED
Country :
Hong Kong
Relationship :
Affiliates
Company Name : KINGBOARD
COPPER FOIL
Country :
Bermuda
Relationship :
Affiliates
Company Name : KINGBOARD
LAMINATES(SHENZHEN) CO LTD
Country :
China
Relationship :
Affiliates
Company Name : SHENZHEN
JIYADA TRADE CO LTD
Country :
China
Relationship :
Affiliates
Company Name : ANGLO
INDUSTRIAL LIMITED
Country :
Hong Kong
Relationship :
Affiliates
Company Name : KINGBOARD
(FOGANG)INSULATED MATERIAL COMPANY LIMITED
Country :
China
Relationship :
Affiliates
Company Name : JIANGMEN
KINGBOARD LAMINATES CO LTD
Country :
China
Relationship :
Affiliates
Company Name : KINGBOARD
LAMINATES (KUNSHAN) CO LTD
Country :
China
Relationship :
Affiliates
Company Name : KINGBOARD (FOGANG) PAPER LAMINATES
CO LTD
Country :
China
Relationship :
Affiliates
Company Name : KINGBOARD
(FOGANG) LAMINATES CO LIMITED
Country :
China
Relationship :
Affiliates
Company Name : KUNSHAN
YAT TAO CHEMICAL CO LTD
Country :
China
Relationship :
Affiliates
Company Name : KINGBOARD
LAMIMATES (SHAOGU) COMPANY LIMITED
Country :
China
Relationship :
Affiliates
Company Name : HONG KONG
FIBRE GLASS COMPANY LIMITED
Country :
Hong Kong
Relationship :
Affiliates
Company Name : CHUNG SHUN
TECHNOLOGY LIMITED
Country :
Virgin Island (British)
Relationship :
Affiliates
Company Name : KINGBOARD
(PANYU NANSHA) PETROCHEMICAL COMPANY LIMITED
Country :
China
Relationship :
Affiliates
Company Name : CHUNG
(TAICANG) INSULATED MATERIAL CO LIMITED
Country :
China
Relationship :
Affiliates
Company Name : TAT KO
TECHNOLOGY LIMITED
Country :
Virgin Island (British)
Relationship :
Affiliates
Company Name : KINGBOARD
(JIANGSU) CHEMICAL CO LTD
Country :
China
Relationship :
Affiliates
Company Name : KINGBOARD ELECTRONIC MATERIAL (JIANGYIN) LTD
Country :
China
Relationship :
Affiliates
Company Name : HONG KONG
COPPER FOIL LIMITED
Country :
Virgin Island (British)
Relationship :
Affiliates
Company Name : CAPITAL
PROJECT GROUP LTD
Country :
Virgin Island (British)
Relationship :
Affiliates
Company Name : KINGBOARD
(LIAN ZHOU) FIBRE GLASS COMPANY LIMITED
Country :
China
Relationship :
Affiliates
Company Name : HAIYONDE
FIBRE GLASS (SHENZHEN) CO LTD
Country :
China
Relationship :
Affiliates
Company Name : POLY
CHEMICAL (BVI) COMPANY LIMITED
Country :
Virgin Island (British)
Relationship :
Affiliates
Company Name : POLY
CHEMICAL COMPANY LIMITED
Country :
Hong Kong
Relationship :
Affiliates
Company Name : KINGBOARD
CHEMICAL INVESTMENT LIMITED
Country :
Virgin Island (British)
Relationship :
Affiliates
Company Name : FOGANG
KINGBOARD INDUSTRY LTD
Country :
China
Relationship :
Affiliates
Company Name : KINGBOARD
COPPER FOIL (MACAO COMMERCIAL OFFSHORE LIMITED
Country :
Macau
Relationship :
Affiliates
Company Name : KINGBOARD
(LIAN ZHOU) COPPER FOIL LIMITED
Country :
China
Relationship :
Affiliates
Company Name : GUANGZHOU
CHUNG SHUN CENTURY FIBRE GLASS COMPANY LIMITED
Country :
China
Relationship :
Affiliates
Company Name : NEW POLY
CHEMICAL (GUANGZHOU) COMPANY LIMITED
Country : China
Relationship :
Affiliates
Company Name : KINGBOARD
(FO GANG) SPECIALTY RESINS LIMITED
Country :
China
Relationship :
Affiliates
SHAREHOLDER'S
DESCRIPTION
*Major Shareholders*
====================
Total number of shareholders : 1Total number of authorized shares : 100,000 Total number of paid-up shares : 100,000Share Class : Ordinary Share Shareholder's Name No of Shares -------------------------------------------------------------------------------Excel First Investments Limited 100,000 *Shareholders' Details*
=======================
Excel First Investments Limited Address: P.O.Box 957, Offshore Incorporations Centre, Rd Town, Tortola, BVI.
RELATED PARTIES
DESCRIPTION
*Directors' Details*
====================
(1)Name : Kwok-wing Cheung (2)Name : Kwok-keung CheungPosition : DirectorMarital : Married Resident status : Chinese nationality and Hong Kong resident Responsibilities : Currently active in the company's day-to-day operations & is responsible for its management.Registered address : Flat A, 5/F, Block 6, Villa Rhapsody, Symphony Bay, Sai Kung, HK. (3)Name : Kwok-wa Cheung Position : DirectorMarital : Married Resident status : Chinese nationality and Hong Kong resident Responsibilities : Currently active in the company's day-to-day operations & is responsible for its management.Registered address : Flat B, 39/F, Block 6, Royal Ascot, True King Rd, Shatin, NT.HK. (4)Name : Kwok-ping CheungPosition : DirectorMarital : Married Resident status : Chinese nationality and Hong Kong resident Responsibilities : Currently active in the company's day-to-day operations & is responsible for its management.Registered address : Flat A, 28/F, Block 3, Baycrest, Hang Ming Street, Ma On Shan, NT.HK. (5)Name : Wing-kwan ChanPosition : DirectorMarital : Married Resident status : Chinese nationality and Hong Kong resident Responsibilities : Currently active in the company's day-to-day operations & is responsible for its management.Registered address : Flat A, 8/F, 3 Lok Fung Path, Claymore Garden, Shatin, NT.HK.
LOCAL DISTRIBUTION
& WAREHOUSING
*Imports*
=========
100% of the company's products are imported from the PRC
INTERNATIONAL TRADE
ACTIVITY DESCRIPTION
*Export Market*
===============
Majority of the annual turnover is attributed to export to the following countries/region : - South East Asia, North America, Europe, PRC
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)