MIRA INFORM REPORT

 

 

Report Date :

03.06.2011

 

IDENTIFICATION DETAILS

 

Name :

CHUNG SHUN LAMINATES (MACAO COMMERCIAL OFFSHORE) LTD

 

 

Registered Office :

3 Andar B Edificio Comercial Rodrigues, 599 Avenida Da Praia Grande

 

 

Country :

Macau

 

 

Date of Incorporation :

01.04.2005

 

 

Com. Reg. No.:

SO 20907

 

 

Legal Form :

Private Company With Limited Liability

 

 

Line of Business :

Provider of Overseas selling Services

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 3,000

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints  

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Macau

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

 

 

Company name & address 

 

CHUNG SHUN LAMINATES (MACAO COMMERCIAL OFFSHORE) LTD

3 ANDAR B EDIFICIO COMERCIAL RODRIGUES

599 AVENIDA DA PRAIA GRANDE MACAU

TEL: 00853-28322438     FAX: 00853-28322364

 

 

EXECUTIVE SUMMARY

 

INCORPORATION DATE            : APRIL 1, 2005

REGISTRATION NO.                  : SO 20907

LEGAL FORM                           : PRIVATE COMPANY WITH LIMITED LIABILITY

CHIEF EXECUTIVE                    : MR. KWOK-KEUNG CHEUNG (COMPANY DIRECTOR)

STAFF STRENGTH                    : 5

CAPITAL                                   : US$ 12,516

BUSINESS LINE                        : SERVICE

TURNOVER                              : N/A (AS OF DEC. 31, 2009)

EQUITIES                                 : N/A (AS OF DEC. 31, 2009)

PAYMENT                                : FAIR

RECOMM. CREDIT RANGE       : UP TO USD 3,000

MARKET CONDITION                : AVERAGE

FINANCIAL CONDITION             : N/A

OPERATIONAL TREND              : FAIRLY STEADY

GENERAL REPUTATION           : AVERAGE

EXCHANGE RATE                     : MOP 7.98374 = US$1

 

 

Adopted abbreviations

 

ANS - amount not stated           

NS - not stated 

SC - subject company (the company inquired by you)

NA - not available          

M - million        

MOP –Macau Pataca

 

 

 

Rounded Rectangle: HISTORY

 

 

 


Name in Local Language : 忠信積層板(澳門離岸商業服務)有限公司

 

Trading Name: COMPANHIA CHUNG SHUN TABUAS LAMINADAS (COMERCIAL OFFSHORE DE MACAU) LTDA

 

*CAPITAL (Currency: MOP)

=====================

Authorized Capital: 100,000

Paid-up Capital: 100,000

 

*Office & Facilities*

================

Size                : Around 500-800 square ft.

Other tel. no. : 28323257

 

Rounded Rectangle: WEB SITE 

 

 

 


SC is not known to host website of its own at present.

 

E-mail: klnco@kingboard.com

 

 

Rounded Rectangle: LITIGATION 

 

 


For the past two years there is no record of litigation.

 

 

Rounded Rectangle: OWNERSHIP/MANAGEMENT BACKGROUND 

 

 


*Major Shareholders*

================

Total number of shareholders: 1

Total number of shares: n/a

 

Shareholders                 Country                         Number             Amount (MOP)             %

EXCEL FIRST                Virgin Islands (British)    n/a                    100,000.00                    100.00

INVESTMENTS LTD 

 

 

 

Rounded Rectangle: MANAGEMENT 

 

 


*Company Director*

===============

1  

Name : Mr. Kwok-keung Cheung

Nationality : Macanese

  

2  

Name : Mr. Kwok-ping Cheung

Nationality : Macanese

  

3  

Name : Mr. Kwok-wa Cheung

Nationality : Macanese

  

4  

Name : Mr. Kwok-wing Cheung

Nationality : Macanese

  

5  

Name : Mr. Wing-kwan Chan

Nationality : Macanese

 

 

Rounded Rectangle: BUSINESS OPERATIONS 

 

 

 


*Main Products & Services*

======================

Engaged in providing the following services:

- Overseas selling

- Documentary

- Book in and consult with orders for customers

- Administration and support business 

 

Products: Administration 

               Consultancy 

               Document services 

               International trading 

               Supports 

 

 

Rounded Rectangle: RELATED COMPANIES 

 

 


Direct Parent: EXCEL FIRST INVESTMENTS LTD

Country: Virgin Islands (British)

 

 

 

 

Rounded Rectangle: PAYMENT HISTORY 

 

 


PAYMENT RATING       : 4                OBTAINED SCORES         : 47

Rating Key

Implication

Implications

1

Scores 85–100

Excellent

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 SMALL amounts depending on individual judgement experience.

 

 

Rounded Rectangle: FINANCIAL HIGHLIGHTS 

 

 


As a private limited company there is no legal requirement according to local corporate law for public disclosure of detailed financial.

 

 

Rounded Rectangle: REMARKS 

 

 


SC is considered small-sized in its line with a development history of 5 years. A credit line up to USD 3,000 appears to be within SC’s capacities.

 

 

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY 

Activity             Code    Product/Service Description

Service              7300     Business Services

Service              8748     Business Consulting Svcs, NEC

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY 

Activity             Code    Product/Service Description

Service              9878     Business development/consulting

Service              9900     Business services, health, financial/insur. legal/real estate, hotels, and misc repairs


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.94

UK Pound

1

Rs.73.46

Euro

1

Rs.64.58

 

 

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

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

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.