MIRA
INFORM REPORT
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Report Date : |
31.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHEN HSONG MACHINERY MACAO COMMERCIAL OFFSHORE CO LTD
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Registered Office : |
Avenida da Praia Grande n' 599 Edi Comercial Rodrigues 11 Andar B |
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Country : |
Macau |
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Date of Incorporation : |
2002 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader 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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Maximum Credit Limit : |
US$ 60,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name of the company
CHEN HSONG MACHINERY MACAO COMMERCIAL
OFFSHORE CO LTD
Company Details
Country : Macau
Address : Avenida da Praia Grande n' 599 Edi Comercial
Rodrigues 11 andar B Macau
Tel : 28330280
Fax : 28330281
Email : comm@chenhsong.com.hk
Website : www.chenhsong.com.hk
Type : Trader
Industry : Machinery
Key Facts
Established Year : 2002
License number/s : 15934 (SO)
Formation : Private
Employees : 4
Capital : MOP 100,000
Recommended Credit Limit - Trade
Finance
Credit limit : US$ 60,000
Period : 60 days
Management & Products
Management : Mr Sammy Yuk-sang Tam
Mr
Tai-hsiung Hsieh
Mr Cheng
Wang
Products : Machinery
Fullcheck Report Details
Country Macau
Company Name : CHEN
HSONG MACHINERY MACAO COMMERCIAL OFFSHORE CO LTD
Company Address : Avenida
da Praia Grande n' 599 Edi Comercial Rodrigues 11 andar B Macau
Company Tel : 28330280
Company Fax : 28330281
Company Email : comm@chenhsong.com.hk
Company Website : www.chenhsong.com.hk
Company Type : Trader
Industry : Machinery
Established Year : 2002
SIC PRODUCT CLASSIFICATION &
ACTIVITY
Activity Code Product/Service Description
Trading 3542 Machine Tools, Metal Forming Types
Trading 3544 Special Dies and Tools, Die Sets,
Jigs and Fixtures, and Industrial Molds
Trading 5072 Hardware
Trading 3569 General Industrial Machinery and
Equipment, Not Elsewhere
HARMONIZED PRODUCT CLASSIFICATION
& ACTIVITY
Activity Code Product/Service Description
Trading 848041 Moulds for Metal or Metal Carbides, Injection
or Compression Types
Trading 848049 Other Moulds for Metal or Metal Carbides
Trading 842430 Steam
or Sand Blasting Machines and Similar Jet Projecting Machines
DETAILED PRODUCT CLASSIFICATION
& ACTIVITY
Activity Product/Service
Description
Trading Machinery
OWNERSHIP
Chairman : Mr Sammy Yuk-sang Tam
Nationality : Hong Kong
Capital : MOP 100,000
Employees : 4
Company Formation : Private
FINANCIAL & LEGAL STATUS
*Credit Assessment*
==============
The company is considered an average sized
company in its line locally. Based on its history 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 products.
3) The company's products are manufactured
by the Group's production facilities located at Taiwan and the PRC.
4) The company's products are sold to Asia, Europe
and North America market.
5) The company also engaged in following
functions :
- Overseas marketing and sales activities
- Central procurement activities
- Overseas treasury functions
6) The company currently employs 4 staff in
Macau.
*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: Chen Hsong
Machinery Macao Commercial Offshore Co Ltd
Company Name in Portugues: Chen Hsong
Machinery Comercial Offshore De Macau Limitada
License number : 15934 (SO)
Date issued : 8 Aug, 2002
Issuing authority : Conservatoria Dos
Registos Comercial E De Bens Moveis
ADVERSE DATA MONITORING
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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
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BANKS REFERENCES
Bank: HONGKONG
AND SHANGHAI BANKING CORP
PRODUCT, TECHNOLOGY, SERVICES
DESCRIPTION
*Main Products & Services*
=====================
Specializes in trading of machinery products.
*Detailed Product specifications*
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Items available include:
Plastic injection moulding machines
Nodular iron casting parts
Robot arms drive & chassis casting parts
ORGANIZATION STRUCTURE
*Parent company*
=============
The company is a subsidiary of Chen Hsong Holdings
Ltd (a listed company in Hong Kong)., whose partial information is as follows:
Ticker
: 57
Exchange
: SEHK
Business address : 13-15 Dai Wang St., Tai Po
Industrial Estate, Tai Po, N.T., Hong Kong.
Business
Line : Chen Hsong Holdings Limited is
an investment holding company that provides management services for its
subsidiaries. The principal activities of the subsidiaries consists of the
manufacture and sale of plastic injection moulding machines and related
products. Over 90% of it revenue and assets are from the manufacture and sale
of plastic injection moulding machines and related products. It has launched an
ultra-high-speed packaging machine, which can produce two thin-walled cups
every 2 seconds.
No. of employees : 3,600
Turnover
: HK 2,155,014,000 (for the year ended of 2007)
*Key Personnel*
============
(1)
Sammy Yuk-sang Tam
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: 13-15 Dai Wang St., Tai Po
Industrial Estate, Tai Po, N.T., Hong Kong.
RELATED PARTIES(Subsidiaries ,
Joint-ventures & Affiliates)
Company name: ASIAN PLASTIC MACHINERY CO LTD
Country: Taiwan
Status: Affiliate
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Company name: CHEN HSONG CAD CAM (SHENZHEN) CO LTD
Country: China
Status: Affiliate
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Company name: CHEN HSONG FINANCE AND MANAGEMENT SERVICES
LTD
Country: Hong Kong
Status: Affiliate
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Company name: CHEN HSONG INDUSTRIAL PARK (SHENZHEN) CO
LTD
Country: China
Status: Affiliate
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Company name: CHEN HSONG LOGISTICS SERVICES CO LTD
Country: Hong Kong
Status: Affiliate
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Company name: CHEN HSONG MACHINERY CO LTD
Country: Hong Kong
Status: Affiliate
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Company name: CHEN HSONG MACHINERY EQUIPMENT (SHENZHEN)
CO LTD
Country: China
Status: Affiliate
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Company name: CHEN HSONG MACHINERY (NINGBO) CO LTD
Country: China
Status: Affiliate
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Company name: CHEN HSONG MACHINERY (SHENZHEN) CO LTD
Country: China
Status: Affiliate
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Company name: CHEN HSONG MACHINERY TAIWAN CO LTD
Country: Taiwan
Status: Affiliate
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Company name: CHEN HSONG PRECISION MOULD CO LTD
Country: Hong Kong
Status: Affiliate
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Company name: CHEN HSONG TECHNOLOGY LTD
Country: Hong
Kong
Status: Affiliate
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Company name: CHEN NING PLASTICS MACHINERY CO LTD
Country: China
Status: Affiliate
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Company name: SHENZHEN CHEN HSONG PRECISION EQUIPMENT
LTD
Country: China
Status: Affiliate
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Company name: INTRA-ITALY HYDRAULICS (FOSHAN SHUNDE) CO
LTD
Country: China
Status: Affiliate
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Company name: SHANDONG CHEN HUA PLASTICS MACHINERY CO
LTD
Country: China
Status: Affiliate
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Company name: FOSHAN SHUNDE CHEN DE PLASTICS MACHINERY
CO LTD
Country: China
Status: Affiliate
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Company name: FOSHAN SHUNDE CHEN DE NO.3 PLASTIC
MACHINERY CO LTD
Country: China
Status: Affiliate
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Company name: FOSHAN SHUNDE CHEN DE PRECISION MACHINERY
CO LTD
Country: China
Status: Affiliate
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: P.O. Box 71, Craigmuir Chambers,
Road Town, Tortola, BVI.
Chen Hsong Industries International Ltd
Address: P.O. Box 71, Craigmuir Chambers,
Road Town, Tortola, BVI.
*Directors' Details*
==============
(1)
Sammy Yuk-sang Tam
(2)
Tai-hsiung Hsieh
Marital: Married
Position : Director
Resident status : Taiwan nationality
Responsibilities : Currently active in the
company's day-to-day operations & is responsible for its management.
Registered address: 1, Sung Chiang North
Road , Chung Li Industrial District, Chung Li, Tao Yuan, Taiwan
(3)
Cheng Wang
Marital: Married
Position : Director
Resident status : Taiwan nationality
Responsibilities : Currently active in the
company's day-to-day operations & is responsible for its management.
Registered address: 1, Sung Chiang North
Road , Chung Li Industrial District, Chung Li, Tao Yuan, Taiwan
LOCAL DISTRIBUTION &
WAREHOUSING
*Imports*
========
Majority of the company's products are imported from
Taiwan and the PRC.
INTERNATIONAL TRADE ACTIVITY
DESCRIPTION
*Export Markets*
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Majority of the annual turnover is attributed to export to the following
countries:
- Asia, Europe and North America.
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%)