MIRA
INFORM REPORT
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Report Date : |
25.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ASIAN
PLASTIC MACHINERY |
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Registered Office : |
Avenida da Praia Grande No 599 Ed Comercial Rodrigues 11
andar E em |
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Country : |
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Date of Incorporation : |
2002 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of machinery |
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 |
Basic Report
Country:
Company name: ASIAN PLASTIC MACHINERY MACAO
COMMERCIAL OFFSHORE CO LTD
Office address: Avenida da Praia Grande No 599 Ed
Comercial Rodrigues 11 andar E em
Office tel: 28330280
Office fax: 28330281
Business type: Trader
Industry: Machinery
Established: 2002
OWNERSHIP
Chairman: Mr Sammy Yuk-sang Tam
Nationality:
Capital: 100,000
Employees: 5
Corporate formation: Private
FINANCIAL DESCRIPTION
*Credit Risk Assessment*
=======================
Risk Index : Medium
Credit amount : US 50,000
Credit period : 30 days
*Credit Opinion*
===============
Credit of a moderate amount can proceed normally.
*Credit Assessment*
===================
The company is considered an average sized company in its line locally.
Based on its background, established market connectivity and trade
connections, credit of a moderate amount can proceed normally.
*Operations 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 machinery.
3) The company's products are manufactured in the Group's production
facilities located at
4) The company's products are sold to oversea market such as Asia,
Europe, North and
5) The company currently employs 5 staff in
*Capital Details*
================
Authorized capital : MOP 100,000
Paid-up capital : MOP 100,000
*Financials*
============
As a private limited company, no official financial statement is
required to be publicly disclosed.
Upon our current contact, the company's staff 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.
*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
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Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Company Registration *
=======================
Company Name in English: Asian Plastic Machinery
Company Name in Portugues: Asian Plastic Machinery Comercial Offshore de
Macau Limitada
License number : 15935 SO
Date issued : 8 Aug, 2002
Issuing authority : Conservatoria Dos Registos Comercial E De Bens
Moveis
*Change of Company Name*
========================
No record
*Bank*
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THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD
PRODUCT, TECHNOLOGY, SERVICE DESCRIPTION
*Main Products & Services*
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Specializes in trading of machinery.
*Detailed Product specifications*
=========================
Items available include:
Plastic injection moulding machines
Nodular iron casting parts
Robot arms
Drive & chassis system casting part
FACTORY FACILITIES & MANUFACTURING
CAPABILITIES
*Factory and Facility*
=====================
The production facilities of the Group
(1)
Shenzhen Plant
Address :
Grand Industrial Zone, Shenzhen, PRC.
Tel : 86-755-84139999
Fax : 86-755-84137961
(2)
Address : Head of
Tel : 86-634-6214104
Fax : 86-634-6211777
(3)
Shunde Plant
Address : Dailang Honggang District,
Tel : 86-757-22338778
Fax : 86-757-22338566
(4)
Address : 1 Sung
Li,
Tel : 886-3-4522288
Fax : 886-3-4520261
ORGANIZATION STRUCTURE
*Parent company*
===============
The company is a subsidiary of Chen Hsong Holdings Ltd (a listed company
in
Ticker : 57
Exchange : SEHK
Business address :
Business Line : Chen Hsong Holdings Limited is an investment holding
company that provides management services for its subsidiaries. The
Company, through its subsidiaries, is principally engaged in sale of plastic
injection molding machines.
No. of employees : 3,500
Turnover : HKD 1,955,334,000 (for the year ended of 2006)
*Key Personnel*
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(1)
Sammy Yuk-sang Tam
Marital: Married
Position : Administrator
Resident status : Chinese nationality
Responsibilities : Currently active in the company's day-to-day
operations
& is responsible for its management.
Registered address:
SUBSIDIARIES, JOINT-VENTURES & AFFILIATES
Company name: ASIAN PLASTIC MACHINERY CO LTD
Country:
Status: Affiliate
-------------------------------------------------------------------------------------
Company name: CHEN HSONG CAD CAM (SHENZHEN) CO LTD
Country:
Status: Affiliate
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Company name: CHEN HSONG FINANCE AND MANAGEMENT SERVICES
LTD
Country:
Status: Affiliate
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Company name: CHEN HSONG INDUSTRIAL PARK (SHENZHEN) CO LTD
Country:
Status: Affiliate
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Company name: CHEN HSONG LOGISTICS SERVICES CO LTD
Country:
Status: Affiliate
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Company name: CHEN HSONG MACHINERY CO LTD
Country:
Status: Affiliate
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Company name: CHEN HSONG MACHINERY EQUIPMENT (SHENZHEN) CO
LTD
Country:
Status: Affiliate
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Company name: CHEN HSONG MACHINERY (NINGBO) CO LTD
Country:
Status: Affiliate
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Company name: CHEN HSONG MACHINERY (SHENZHEN) CO LTD
Country:
Status: Affiliate
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Company name: CHEN HSONG MACHINERY TAIWAN CO LTD
Country:
Status: Affiliate
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Company name: CHEN HSONG PRECISION MOULD CO LTD
Country:
Status: Affiliate
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Company name: CHEN HSONG TECHNOLOGY LTD
Country:
Status: Affiliate
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Company name: CHEN
NING PLASTICS MACHINERY CO LTD
Country:
Status: Affiliate
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Company name: SHENZHEN CHEN HSONG PRECISION EQUIPMENT LTD
Country:
Status: Affiliate
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Company name: INTRA-ITALY HYDRAULICS (FOSHAN SHUNDE) CO
LTD
Country:
Status: Affiliate
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Company name: SHANDONG CHEN HUA PLASTICS MACHINERY CO LTD
Country:
Status: Affiliate
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Company name: FOSHAN SHUNDE CHEN DE PLASTICS MACHINERY CO
LTD
Country:
Status: Affiliate
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Company name: FOSHAN SHUNDE CHEN DE NO.2 PLASTICS
MACHINERY CO LTD
Country:
Status: Affiliate
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Company name: FOSHAN SHUNDE CHEN DE NO.3 PLASTICS
MACHINERY CO LTD
Country:
Status: Affiliate
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Company name: FOSHAN SHUNDE CHEN DE PRECISION MACHINERY CO
LTD
Country:
Status: Affiliate
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RELATED PARTIES DESCRIPTION
*Major Shareholders*
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Shareholder Name No of
Shares
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Chen Hsong Marketing International Ltd 99,000
Chen Hsong Industries International Ltd
1,000
*Shareholders' Details*
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Chen Hsong Marketing International Ltd
Address :
Chen Hsong Industries International Ltd
Address :
*Administrator*
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(1)
Sammy Yuk-sang Tam
(2)
Vincent Tak-hung Lo
Marital: Married
Position : Director
Resident status : Chinese nationality
Responsibilities : Currently active in the company's day-to-day
operations
& is responsible for its management.
Registered address:
(3)
Khalid Mahmood Malik
Marital: Married
Position : Director
Responsibilities : Currently active in the company's day-to-day
operations
& is responsible for its management.
Registered address:
LOCAL DISTRIBUTION & WAREHOUSING
*Imports*
========
Majority of the company's products are imported from the PRC.
INTERNATIONAL TRADE ACTIVITY DESCRIPTION
*Export Markets*
===============
Majority of the annual turnover is attributed to export to the following
countries:
- Asia, Europe, North and
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 |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)