MIRA
INFORM REPORT
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Report Date : |
24.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
CREO ASIA PACIFIC LTD |
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Registered Office : |
13FL Cityplaza 4, 12 Taikoo Wan Rd Taikoo Shing |
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Country : |
Hong Kong |
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Date of Incorporation : |
19.03.1992 |
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Com. Reg. No.: |
0349638 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import of Electronic Pre-Press Printing System and Printing Machines |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 40,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
CREO
ASIA PACIFIC LTD
13FL CITYPLAZA 4, 12 TAIKOO WAN RD
TAIKOO SHING, HONG KONG.
TEL: 852-25649333 FAX: 852-25657474
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 19, 1992
REGISTRATION NO. :
0349638
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. GARRON BRAM HELMAN (MANAGING DIRECTOR)
STAFF STRENGTH :
45
CAPITAL :
US$ 12,837
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 40,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80062 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hong Kong Dollars
*Company Registration*
==================
(1)
License number : 0349638
Date issued : 19
March, 1992
Issuing authority : Companies
Registry
Type of license : Corporate
Legal form : Limited
Liability Company
(2)
License number : 15736507-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
(3)
License number : 15736507-002
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
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Incorporated as :
SURETEK MFG LTD
Date of incorporation : 19
March, 1992
Changed name to : SCITEX
ASIA PACIFIC (HK) LTD
Date of change : 6
October, 1992
Changed name to :
CREOSCITEX ASIA PACIFIC (HK) LTD
Date of change : 28
April, 2000
Changed name to : CREOS
ASIA PACIFIC LTD
Date of change : 28
December, 2001
*Capital Details*
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Authorized capital : HKD 100,002.00 divided into 100,002 ordinary shares
at HKD 1.00/-each, fully paid
*Office & Facilities*
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Comment : Premises is shared with KODAK (HK) LTD.
Previous Contact Details
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Address : 3Fl, 625 King's Rd
North Point Hong Kong
Tel no. : 28821011
Fax no. : 28818897
*Approved Signatures*
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Only David Fu-keung Lau can sign on behalf of the company with seal
affixed.
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
www.creo.com This website belongs to
“Kodak’s Graphic Communications Group”. The design is professional and the
content is well organized. At present it is in English version.
E-mail: cap.marketing@creo.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder
: 1
Total number of ordinary shares : 100,002
Shareholder's Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
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KODAK (HK) LTD
100,002
100,002.00
100.00
Management: Mr. Winnie Liang,
Officer
Mr. Garron Bram Helman, Managing Director
Name Nationality
Job Description Dept. / Division
Mr. Winnie Liang Hong
Kong Officer Administration
Mr. Garron Bram Helman Hong
Kong Managing Director -
*Main Products & Services*
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Specializes in the following areas of work:
1. Import of electronic pre-press printing system and printing machines.
2. Wholesale and trading of purchased products to local market.
Products: Color scanners
Electronic printing
machines
Pre-press printing
systems
Printing
machines
Printing
system
*Payment Terms*
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Sales
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Local : Cash or credit
Purchases
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Local : Cash or credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
*International Exhibition Participation*
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Exhibition fair : IPMEX '03
Malaysia Int'l Printing, Paper, Packaging Machinery Exhibition
Dates attended : 4 - 7 November, 2003
Location : Putra World
Trade Centre Kuala Lumpur Malaysia
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES :
54
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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 limited liability company there is no legal requirement according
to local corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank Name : HONG KONG &
SHANGHAI BANKING CORP LTD, THE
Branch : Causeway Bay,
Hong Kong
Branch Address : Causeway Bay Plaza 2, 463-483 Lockhart Rd
SWIFT Code : HSBCHKHH
SC is considered medium-sized in its line with a long history. Taking
into consideration of SC’s general performance, a credit line up to USD 40,000
would appear to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3555 Printing
trades machines and equipment, and parts and accessories,
Trading 3577 Computer
peripheral equipment, and parts,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8443 Printing
machinery; machines ancil to printing, parts
Trading 8471 Automatic
data process machines; magn reader, etc. computer hardware
Trading 8471608000 Optical
scanners and magnetic ink recognition devices
Trading 8471927000 Printers
Trading 8471927500 Printer
units
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Professional
scanners
Trader Scanner
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Israel
Importing from Middle East
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%)