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MIRA
INFORM REPORT
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Report Date : |
15.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
HEMPEL-HAI HONG (CHINA) LTD |
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Registered Office : |
32FL Yat Chau Int'l Plaza 118 Connaught Rd
West Sai Ying Pun |
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Country : |
Hong Kong |
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Date of Incorporation : |
17.09.1991 |
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Com. Reg. No.: |
325780 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing of materials used in the production. |
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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Maximum Credit Limit : |
USD 300,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name and address of the company
HEMPEL-HAI
HONG (CHINA) LTD
32FL YAT CHAU INT'L PLAZA 118 CONNAUGHT RD
WEST SAI YING PUN, HONG KONG.
TEL: 852-28577663 FAX: 852-25176311
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 17, 1991
REGISTRATION NO. :
325780
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. KITTY HO (EXECUTIVE ASSISTANT)
STAFF STRENGTH :
60
CAPITAL :
US$ 13,607,189
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 300,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80446 = 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
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*Company Name*
=============
Incorporated as : HONORLY ENTERPRISES LTD
Date of incorporation : 17
September, 1991
Changed name to : HEMPEL-HAI HONG COATINGS CO LTD
Date of change : 19 December, 1991
Changed name to : HEMPEL-HAI HONG (CHINA) LTD
Date of change : 30 April, 2003
*Company Registration*
==================
(1)
License number : 325780
Date issued : 17 September, 1991
Issuing authority : Companies Registry
Type of license :
Corporate
(2)
License number : 15138816-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Office & Facilities*
===============
Previous Contact Details
-----------------------------------
Address : 26Fl Pacific Plaza 410-424 Des Voeux Rd
Western Dist Hong Kong
Tel number : 21084391
*Capital Details*
=============
Authorized capital: HKD 106,000,000.00 divided into 1,060,000 ordinary
shares at HKD 100.00/-each, fully paid
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
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www.hempel.com.hk
The design is professional and the content is well organized. At present it is
in English version.
E-mail: hhh@hk.hempel.com
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For the past two years there is no record of litigation.
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*Major Shareholders*
================
Total number of shareholders
: 2
Total number of ordinary shares : 1,060,000
Shareholders' Name No. of Ordinary
Shares Amount of Shares (HKD) % of Shares
--------------------------
---------------------------- ------------------------------- ----------------
HOI HUNG HHH (BVI) LTD 678,400 67,840,000.00 64.00
ICH INDUSTRIAL & COMMERCIAL 381,600 38,160,000.00 36.00
HOLDING APS
*Directors' Details*
==============
(1)
Mr. Lars Aaen
Passport no : 101990608
Address : Skovkysten 1
Rungsted Kyst 2960 Denmark
(2)
Mr. Martin Wiese Christoffersen
HKID no : 102271860
Address : Oeresundsvej
128, 7 Copenhagen 2300 Denmark
(3)
Mr. Yuk-lau Lam
HKID no : E893934(2)
Address : Flat H 17Fl
Block 6 Laguna City Kowloon Hong Kong
(4)
Mr. Zhi-xian Wang
HKID no : R025638(1)
Address : Flat F 14BFl
Borita Bldg 137-143 Third St Sai Ying Pun Hong Kong
(5)
Mr. Hu-xiang Zhao
Passport no : K647213(3)
Address : Flat E 25Fl Rich
View Terrace 26 Square St Hong Kong
*Company Secretary*
=================
Mr. Siu-keung Chan
HKID no : D103027(3)
Address : 10Fl Block D 456
Queen's Rd West Hong Kong
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Name Nationality Job Description
Ms. Kitty Ho Hong Kong Executive Assistant
Management: Ms. Kitty Ho, Executive Assistant
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*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Importing of materials used in the production.
2. Manufacturing of paints, chemicals and other related products.
3. Sales and distribution of products to local and overseas markets.
Products: Chemical products
Chemicals for
paints
Container
paints
Decorative
paints
Dyes
*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)
*Awards*
========
Award : Green
Environmental Product Award
Awarded by : Shanghai Municipal
Government
*Quality Certification*
==================
(1)
Type of certification : ISO
9001
Other details :
Certification for all the production facilities in China (Kunshan, Yantai and
Shekou), as well as its office in the
country.
(2)
Type of certification : ISO14001
Other details : Certification for all the production
facilities of the company.
*Local Distribution Network*
======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
=============
Part of the annual turnover is attributed to export.
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*LOCAL BRANCHES & MANAGEMENT*
=================================
Branch: HEMPEL-HAI HONG (CHINA) LTD - WESTERN DIST
*Strategic Partners & Alliances*
=========================
Group name : HEMPEL
GROUP
Holding company : HEMPEL A/S
Country :
Denmark
Group members : HEMPEL
(ARGENTINA) SRL
HEMPEL (CZECH REPUBLIC) SRO
HEMPEL (FRANCE) SA
HEMPEL (HELLAS) SA
HEMPEL (ITALY) SRL
HEMPEL (NORWAY) A/S
HEMPEL (POLAND) SP ZOO
HEMPEL (PORTUGAL) LDA
HEMPEL (SINGAPORE) PTE
LTD
HEMPEL (SWEDEN) AB
HEMPEL (THE NETHERLANDS) BV
HEMPEL (USA) INC
HEMPEL GMBH
HEMPEL PAINTS (SAUDI ARABIA) WLL
HEMPEL ZAO
OY HEMPEL (FINLAND) AB
PINTURAS HEMPEL SA
HEMPEL-HAI HONG (CHINA)
LTD
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains a Research & Development Centre in China.
*(Subsidiaries, Joint-ventures & Affiliates)
==============================
Company Name : HEMPEL
(ARGENTINA) SRL
Address Piso 2 Libertad 1213 Buenos Aires 1012
Argentina
Country :
Argentina
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Chemicals
Company Name : HEMPEL
(CZECH REPUBLIC) SRO
Address :
Bartosova 3 Brno 60200 Czech Republic
Country :
Czech Republic
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : HEMPEL
(FRANCE) SA
Address : 5
Rue De L'Europe St Crepin Ibouviller 60149 France
Country :
France
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : HEMPEL
(HELLAS) SA
Address :
8-10 Stravonos Strasse & Vouliagmenis Ave 152 Glyfada Attiki 16674 Greece
Country :
Greece
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Chemicals
Company Name : HEMPEL
(ITALY) SRL
Address :
Via Lungobisagno Dalmazia 71/4 Genova 16141 Genova (GE) Italy
Country :
Italy
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Chemicals
Company Name : HEMPEL
(NORWAY) A/S
Address :
Teatergatan 35 Bergen 5010 Norway
Country :
Norway
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Chemicals
Company Name : HEMPEL
(POLAND) SP ZOO
Address : Ul
Szymanowskiego 2 Poland
Country :
Poland
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Chemicals
Company Name : HEMPEL
(PORTUGAL) LDA
Address :
Vale de Cantadores Portugal
Country :
Portugal
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Chemicals
Company Name : HEMPEL
(SINGAPORE) PTE LTD
Address : 25
Tuas Ave 11 639088 Singapore
Country :
Singapore
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Chemicals
Company Name : HEMPEL
(SWEDEN) AB
Address :
Datavaegen 61 Askim 43632 Sweden
Country :
Sweden
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Chemicals
Company Name : HEMPEL
(THE NETHERLANDS) BV
Address :
James Wattweg 2 Netherlands
Country :
Netherlands
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Chemicals
Company Name : HEMPEL
(USA) INC
Address : 600 Conroe Park North Drive Conroe
77303 Texas USA
Country :
USA
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Chemicals
Company Name : HEMPEL
GMBH
Address : Dusseldorf
40211 Germany
Country :
Germany
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Service
Industry :
Professional Services
Company Name : HEMPEL
PAINTS (SAUDI ARABIA) WLL
Address : First
Industrial City Dammam 31431 Saudi Arabia
Country :
Saudi Arabia
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Chemicals
Company Name : HEMPEL ZAO
Address : Office
81-82 Bolshaya Spasskaya Strasse 12 Moscow 129090 Russia
Country :
Russia
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Chemicals
Company Name : HEMPEL'S
MARINE PAINTS AS
Address :
Lundtoftevej 150 Kongens Lyngby 2800 Denmark
Country :
Denmark
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Chemicals
Company Name : HEMPEL-HAI
HONG CHEMICALS CO LTD - YANTAI OFFICE
Address : Yantai Economic &
Technological Development 10 Songhua Jiang Rd Yantai 264006 Shandong China
Country :
China
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Chemicals
Company Name :
HEMPEL-HAI HONG COATINGS CO LTD - BEIJING OFFICE
Address : Rm 204 Zhong Lu Tower
C88 Andingmenwai Dajie Dongcheng Dist Beijing 100011 China
Country :
China
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Chemicals
Company Name :
HEMPEL-HAI HONG COATINGS CO LTD - CHENGDU OFFICE
Country :
China
Relationship :
Subsidiary
Legal Form : Private
company with limited liability
Company Type :
Manufacturer
Industry :
Chemicals
Company Name :
HEMPEL-HAI HONG COATINGS CO LTD - DALIAN OFFICE
Address :
100 Xin Lin St Zhongshan Dist Dalian 116001 Liaoning China
Country :
China
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Chemicals
Company Name :
HEMPEL-HAI HONG COATINGS CO LTD - GUANGZHOU OFFICE
Address : Rm 04, 19Fl New Century
Plaza 2-6 Hong De Rd Haizhu Dist Guangzhou 510235 Guangdong China
Country :
China
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Chemicals
Company Name :
HEMPEL-HAI HONG COATINGS CO LTD - KUNSHAN OFFICE
Address : Zhangpu Kunshan
Economic Technology Development Zone 1 Hai Hong Rd Zhangpu Zheng Kunshan 215321
Jiangsu China
Country :
China
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Chemicals
Company Name :
HEMPEL-HAI HONG COATINGS CO LTD - QINGDAO OFFICE
Address :
Villa 9 Qingdao 266071 Shandong China
Country :
China
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Chemicals
Company Name :
HEMPEL-HAI HONG COATINGS CO LTD - SHANGHAI OFFICE
Address :
Unit 2506 China Merchants Tower 66 Lujiazui Rd Pudong Dist Shanghai 200120
China
Country :
China
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Chemicals
Company Name :
HEMPEL-HAI HONG COATINGS CO LTD - SHENZEN OFFICE
Address :
Shekou Industrial Zone Shekou Shenzhen 518067 Guangdong China
Country :
China
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Chemicals
Company Name : OY
HEMPEL (FINLAND) AB
Address :
Karapellontie 8 Finland
Country :
Finland
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Chemicals
Company Name : PINTURAS
HEMPEL SA
Address :
Carretera de Sentmenat 108 Polinya 08213 Barcelona Spain
Country :
Spain
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Chemicals
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PAYMENT RATING : 3 OBTAINED SCORES :
60
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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 MODERATE amounts depending on individual judgement experience.
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As a limited liability company there is no legal requirement according
to local corporate law for public disclosure of detailed financials.
*Bank Details*
============
Bank name : HONG KONG &
SHANGHAI BANKING CORP LTD, THE
Branch : Central Hong Kong
Swift code : HSBCHKHH
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SC is considered small-sized in its line with a 17 years history. Taking
into consideration of SC’s general performance, a credit line up to USD 300,000
would appear to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 2800 Chemicals
and Allied Products
Manufacturing 2851 Paints
and allied products
Manufacturing 2899 Chemical
preparations,
Manufacturing 5169 Chemicals/Allied
Prdts, NEC
Manufacturing 5198 Paints,
Varnishes & Supplies
Trading 2800 Chemicals
and Allied Products
Trading 2851 Paints
and allied products
Trading 2899 Chemical
preparations,
Trading 5169 Chemicals/Allied
Prdts, NEC
Trading 5198 Paints,
Varnishes & Supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3204 Syn
org coloring matter & prep; syn org brit agent
Manufacturing 3204130000 Basic
dyes and preparations based thereon
Manufacturing 3206 Coloring
matter; coloring prep, etc.
Manufacturing 3207 Prep
pigments etc for ceramic etc indust; frit etc
Manufacturing 3208 Paint
& varnish from synth etc polymers nonaq, etc
Manufacturing 3208100000 Paints
and varnishes (incl enamels & lacquers)based on synthetic polymers, etc
in a nonaqueous
medium, based on polyesters
Manufacturing 3209 Paint
& varnish from synth etc polymers aqueous
Manufacturing 3210 Paints
& varnishes; water pigments for leather
Manufacturing 3212 Pigments
nonaq liquid etc for paint; st foil; dye etc
Manufacturing 3800 Miscellaneous
chemical products
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Container
paints
Manufacturer Decorative
paints
Manufacturer Enamel paints
Manufacturer Varnish
Manufacturer Lacquer
Manufacturer Road marking
paints
Manufacturer Industrial
paints
Manufacturer Marine paints
Manufacturer Chemical
products
Manufacturer Dyes
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
Importing from Asia
Importing from China
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. |
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%)