MIRA
INFORM REPORT
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Report Date : |
14.06.2007 |
IDENTIFICATION DETAILS
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Name : |
LOPAREX HK LTD |
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Registered Office : |
Rm 802 Mega Trade Centre 1-6 Mei Wan St Tsuen Wan New Territories, |
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Country : |
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Date of Incorporation : |
08.01.2003 |
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Com. Reg. No.: |
0828687 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing a range of specialty papers and silicon
release liners |
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 : |
Regular |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
LOPAREX HK LTD
RM 802 MEGA TRADE CENTRE 1-6 MEI WAN ST
TSUEN WAN NEW TERRITORIES,
TEL: 852-31063264 FAX: 852-31052013
EXECUTIVE SUMMARY
INCORPORATION DATE : JANUARY 8, 2003
REGISTRATION NO. : 0828687
LEGAL FORM : PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE : MR. ANDIE SIU-WING HO(CHAIRMAN)
STAFF STRENGTH : 25
CAPITAL : US$ 100,000
BUSINESS LINE : MANUFACTURER
TURNOVER : N/A (AS OF DEC. 31, 2006)
EQUITIES : N/A (AS OF DEC. 31, 2006)
PAYMENT : AVERAGE
RECOMM.
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.81665 = US$1 AS OF 2007-6-14
Company Registration
License number : 0828687
Date issued : 8 January, 2003
Issuing authority : Companies Registry
Type of license : Corporate
Legal form : Limited Liability Company
License number : 33322132
Date issued : N/A
Issuing authority : Business Registration Office - Inland Revenue Dept
Type of license : Business
Registrar
RANLY CONSULTANTS LTD
Capital Details
Authorized capital : USD 100,000.00 divided into 100,000 shares at USD 1.00/-each
Reputation
Reference checking for the purpose of establishing the firm's reputation within the respective industry failed to reveal any negative information.
Approved Signatures
Mr. Andie Siu-wing Hocan sign on behalf of the company with seal affixed.
www.loparex.com The design is professional and the
content is well organized. At present it is in English version
For the past two years there is no record of litigation.
Major Shareholders
Total number of shareholder : 1
Total number of shares : 100,000
Shareholder's Name No. of Shares Amount of Shares (USD) % of Shares
Share transfer
--------------------
Date No. of Ordinary Shares Transferee(s) Transferor(s)
1 September, 2006 100,000 LOPAREX HOLDING BV LOPAREX
(HOLDING) LTD
Directors' Details
Pentti Antero Kallio
Address
: Laan Van Westenenk 45 (
Paulus Christianus Wilhelmus Van Pinxteren
Address
: Laan Van Westenenk 45 (
Company Secretary
Andie Siu-wing Ho
HKID no. : E848643(7)
Address :
Rm 802 Mega Trade Centre 1-6 Mei Wan St, Tsuen Wan, New Territories
Management : Mr. Tapani Laakso, Director
Name Nationality Job Description Dept. Division
Mr. Tapani Laakso
Key Personnel
Andie Siu-wing Ho
HKID no. : E848643(7)
Address
: Rm 802 Mega Trade Centre 1-6
Mei Wan St, Tsuen Wan, New Territories
Responsibility : Handles the overall management of the company.
Tapani Laakso
Email : tapani.laakso@loparex.com
Main Products & Services
Specializes in the following areas of work :
1. Manufacturing a range of specialty papers and silicon release liners including :
- LOPASIL
- Direct coated release papers LOPASIL KFT (kraft papers)
- LOPASIL CCK (clay-coated)
- LOPASIL SCK (super-calendered)
- LOPASIL GLS (glassines)
- LOPASIL ESP (emulsion coated)
- LOPASIL LRB (siliconised Lopacote Release Base)
- POLY SLIK (In-house extrusion coated release papers)
- PRIMELINER (Direct coated PET, HDPE, LDPE and PP films)
- FILM PLUS (Polycoated release PET films)
2. Sales and distribution to local and international markets.
Products:
Boards
Clay coated paper
Emulsion coated papers
Impregnated papers
Kraft paper
Brand
FILM PLUS
LOPASIL
Lopacote
Lopacote RB
Lopaflex
Lopakraft
Lopawhite
POLY SLIK
PRIMELINER
Polykraft
Polywhite
Polywhite Laminates
Payment Terms
Sales
Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Local Distribution Network
Part of the annual turnover is attributed to local sales.
Export Markets
Part of the annual turnover is attributed to export.
(Subsidiaries, Joint-ventures & Affiliates)
Company Name :
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Paper, Pulp & Products
Company Name :
LOPAREX
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Paper, Pulp & Products
Company Name :
LOPAREX
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Paper, Pulp & Products
Company Name :
LOPAREX
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Paper, Pulp & Products
Company Name :
LOPAREX
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Paper, Pulp & Products
Company Name :
LOPAREX
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Paper, Pulp & Products
Company Name :
LOPAREX
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Paper, Pulp & Products
Company Name : LOPAREX LLC
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Paper, Pulp & Products
Company Name : LOPAREX LTD
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Paper, Pulp & Products
Company Name : LOPAREX OY
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Paper, Pulp & Products
Company Name : LOPAREX PRINTING & SLITTING TERMINAL
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Paper, Pulp & Products
Company Name :
LOPAREX
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Paper, Pulp & Products
Company Name :
LOPAREX
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Paper, Pulp & Products
Company Name :
LOPAREX
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Paper, Pulp & Products
Company Name :
LOPAREX
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry :
Paper, Pulp & Products
Strategic Partners & Alliances
Group name : LOPAREX GROUP
Group history : 2001 - LOHJA GROUP and REXAM RELEASE were merged, and the new company was re-named LOPAREX.
2004 - LOPAREX Guangzhou plant in
Group members : - LOPAREX EUROPE consists of three plants and one specialized converting terminal.
- LOPAREX
BV, The
- LOPAREX
LTD,
- LOPAREX
OY,
- LOPAREX
PRINTING & SLITTING TERMINAL,
- LOPAREX NORTH AMERICA consists of five plants manufacturing release papers and films, plus one converting terminal and head office in
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- LOPAREX ASIA-PACIFIC
consists of production unit in
- KAYGEE-LOPAREX INDIA PVT LTD is a 50/50 joint venture between Loparex Group and the Godha family since 2001
Details : - Started at the beginning of the 20th century and first mill has already celebrated its 100-year anniversary.
- Production and service facilities are strategically located in Asia,
Europe and
Manufacturing capabilities include:
- paper making
- film blowing
- extrusion coating
- silicone coating
- printing and slitting
- specialized finishing and packaging options
- pilot laboratories
- Maintains the following :
- Production Capacity: 2.6 billion m2 of release liners
- Employees: 1,500 (Approx.)
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Production Locations:
Sales offices, Plants and Agents :
- CAMCO ARGENTINA
- TECHNO PAPER LTDA
- FACE REPRESENTACOES COMERCIAIS LTDA
- ELIMA
- CAMCO LTDA
- LOPAREX CHINA
- JA UPEGUI REPRESENTACIONES
- LOPAREX CZECH REPUBLIC
- LOPAREX OY,
- LOPAREX FRANCE
- EFP-CHAVASSIEUR
- LOPAREX INDIA
- PROTONA FINDO PT
- PAPERTECH LTD
- LOPAREX ITALY
- LOPAREX JAPAN
- PAPYRUS
- SIA AGC
- PROGRESSIVE CORP PVT LTD
- PRW TRADE & COMMERCIAL CO INC
- LOPAREX POLAND
- CARPATIA PAPER & BOARD PM GROUP SRL
- LOPAREX RUSSIA
- ATLE DOO
- CONVERTRADE PTE LTD
- KEMCEL SLO DOO
- PACKING & INDUSTRIAL EQUIPMENT (PTY) LTD
- LOPAREX SPAIN
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EURO
- LOPAREX TAIWAN
- LOPAREX THAILAND
- LOPAREX BV, The
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LOPAREX LTD,
-
LOPAREX LLC,
- FORESTEC/RERO TECHNOLOGIA FORESTAL CA
PAYMENT RATING :3 OBTAINED SCORES : 50
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Rating Key |
Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating
indicates the payment pattern of SC based upon our Payment Database, comments from
suppliers of SC, information from banks (if available), as well as industrial
sources.
Dealings on
open terms may be possible for SMALL amounts depending on individual judgement
experience.
As a private limited company there is no legal requirement according to local corporate law for public disclosure of detailed financials.
Bank Details
Bank name : SVENSKA HANDELSBANKEN
Branch :
Account number : 1659644007250001
SC is considered small-sized in its line. It is considered a credit line up to USD 20,000 appears to be within SC’s capacities.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 2600 Paper and allied Products
Manufacturing 2653 Corrugated paper and paperboard
and articles thereof, includind boxes, pallets, etc.
Manufacturing 2671 Coat/Laminate Paper Packaging
Manufacturing 2672 Paper, coated and laminated
Trading 2600
Paper and allied Products
Trading 2653
Corrugated paper and
paperboard and articles thereof, includind boxes, pallets, etc.
Trading 2671
Coat/Laminate Paper
Packaging
Trading 2672
Paper, coated and
laminated,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 4800 Paper & paperboard, articles
of paper pulp
Manufacturing 4804 Kraft
paper & paperboard, uncoat nesoi, rolls etc
Manufacturing 4810 Paper & paperboard, coated
with kaolin etc, roll etc
Manufacturing 4810392000
Kraft paper and paperboard, clay
coated, whether or not impregnated, but not otherwise treated, in rolls or
sheets
Manufacturing 4811 Paper, paperboard, wad etc, coat
etc nesoi, roll etc
Manufacturing 4821 Labels of paper or paperboard,
printed or not
Manufacturing 4821104000
Paper and paperboard labels of all
kinds, printed
Manufacturing 4823110000
Gummed or adhesive paper, in strips
or rolls, pressure-sensitive, except labels
Manufacturing 4823906500
Articles of coated paper or
paperboard cut to size or shape
Trading 4800
Paper & paperboard,
articles of paper pulp
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Manufacturing Laminated
paper
Manufacturing Plain
papers
Manufacturing Self-adhesive
labels
Manufacturing Silicone
release liner
Manufacturing Tape
base paper
Manufacturing Super
calendared kraft paper
Manufacturing Specialty
paper
Manufacturing Self-adhesive
papers
Manufacturing Polycoated
specialty papers
Manufacturing PET
films
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
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/normal. |
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%)