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Report Date : |
13.12.2013 |
IDENTIFICATION DETAILS
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Name : |
CHUNG SHUN LAMINATES (MACAO COMMERCIAL OFFSHORE) LIMITED |
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Registered Office : |
Em Macau, Avenida Da Praia Garden No
599, Comercial Rodrigues B3 |
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Country : |
Macau |
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Date of Incorporation : |
01.04.2005 |
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Com. Reg. No.: |
SO 20907 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
services provider of services about handing daily files and financial documents. |
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No. of Employees : |
10 |
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 |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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Macau |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
MACAU - ECONOMIC OVERVIEW
Since opening up its locally-controlled casino industry to foreign competition in 2001, Macau has attracted tens of billions of dollars in foreign investment, transforming the territory into one of the world's largest gaming centers. Macau's gaming and tourism businesses were fueled by China''s decision to relax travel restrictions on Chinese citizens wishing to visit Macau. By 2006, Macau''s gaming revenue surpassed that of the Las Vegas strip, and gaming-related taxes accounted for more than 70% of total government revenue. Macau''s economy slowed dramatically in 2009 as a result of the global economic slowdown, but strong growth resumed in 2010-11, largely on the back of tourism from mainland China and the gaming sectors. In 2012, this city of 582,000 hosted nearly 28 million visitors. Almost 60% came from mainland China. Macau''s traditional manufacturing industry has slowed greatly since the termination of the Multi-Fiber Agreement in 2005. China is Macau''s second largest goods export market, behind Hong Kong, and followed by the United States. In 2012, exports were less than US$1 billion, while gaming receipts were US$38 billion, a 13.5% increase over 2011. Macau''s economy expanded by 10% in 2012; although impressive, it was a slower growth rate than in previous years. Macau continues to face the challenges of managing its growing casino industry, money-laundering, and the need to diversify the economy away from heavy dependence on gaming revenues. Macau''s currency, the pataca, is closely tied to the Hong Kong dollar, which is also freely accepted in the territory.
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Source
: CIA |
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Company Name (in
English): |
|
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Company Name (in
Portuguese): |
Companhia Chung
Shun Tabuas Laminadas (Commercial Office De Macau) Limitada |
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Supplied Name: |
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Trading Address: |
Em Macau,
Avenida Da Praia Garden No 599, Comercial Rodrigues B3 |
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Supplied
Address: |
Av Da Praia Gande No. 599 Edificio Commercial Rodrigues 3rd Andar B |
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Telephone
Number: |
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|
Fax Number: |
Notes: Subject’s exact name and address are as
above.
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Credit Opinion: |
Business connections are permissible. |
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Registered Name: |
Chung Shun Laminates (Macao Commercial Offshore) Limited |
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Registered Address: |
Em Macau,
Avenida Da Praia Garden No 599, Comercial Rodrigues B3 |
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Date of Registration: |
2005-4-1 |
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Business Registered Number: |
|
|
Legal Form: |
Private Limited Liability Company |
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Registered Capital: |
MOP 100,000 (USD 12,260) (As of 2013.09,
1 MOP = 0.1226 USD) |
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Principal Activities: |
Handing with the
daily files and financial decument. |
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Staff: |
About 10 Employees |
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Listed at Stock Exchange: |
No |
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Information Ended at: |
2013-8-21 |
Subject was incorporated on 2005-4-1 with registered
number SO 20907 as Private Limited Liability Company in
Macau.
|
Subscription
Amount |
Proportion
of Investment (%) |
|
|
Excel First Investment Limited |
100,000 |
100% |
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Total |
100,000 |
100% |
Major Shareholder
Information:
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Name: |
|
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Address: |
P.O. Box 957, Offshore Incorporation Centre, Road Town,
Tortola, British Virgin Islands |
Related Companies
and Offices
|
1 |
|
|
Name: |
Kingboard Chemical Holdings Ltd |
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Address |
2/F., Harbour View 1, No. 12 Science Park East Avenue,
Phase II Hong Kong Science Park, Shatin, N.T. |
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Telephone Number |
+852-2605-6493 |
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Fax Number |
+852-2691-0445 |
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2 |
|
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Name: |
Kingboard Laminates Holdings Ltd Overseas Sales |
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Address |
Glass Fibre Plant Shanghenglang Industrial Area, Longhua
Town, Shenzhen City, Guangdong Province, P.R.China |
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Telephone Number |
+86-755-2817-9079 |
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Fax Number |
+86-755-2817-9141 |
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3 |
|
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Name: |
Kingboard Laminates Holdings Ltd Hong Kong Sales |
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Address |
Glass Fibre Plant Shanghenglang Industrial Area, Longhua
Town, Shenzhen City, Guangdong Province, P.R.China |
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Telephone Number |
+86-755-2807-0018 |
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Fax Number |
+86-755-2807-0163 |
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4 |
|
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Name: |
JiangYin Sales Department |
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Address |
Shizhuang Park, Jiangyin Economic Development Zone,
Jiangyin City, Jiangsu Province, the PRC |
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Telephone Number |
+86-510-8603-5000 |
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Fax Number |
+86-510-8603-5038 |
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5 |
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Name: |
South China Sales Department |
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Address |
No.73, Shilongzai, Shuitian Village, Shiyan, Shenzhen
City, Guangdong Province, P.R.China |
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Telephone Number |
+86-755-2816-0662 |
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Fax Number |
+86-755-2816-0941 |
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6 |
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Name: |
East China Sales Department |
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Address |
Zhangpu Support Area, Kunshan Economic and Technological
Development Zone, Jiangsu Province, P.R.China |
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Telephone Number |
+86-512-5744-1689 / 5744 8322 |
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Fax Number |
+86-512-5744-0068 / 5744 7792 |
Core Management
Management as of 2013-8-21
Board of
Directors:
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1 |
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Name: |
Cheung Kwok Wing |
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Sex: |
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Registered Address: |
Block B, Kam On Garden, 12-20, Ma On Path, Kau To Hang, Shatin, New
Territories, Hong Kong |
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Position: |
Director |
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Marital Status: |
Married |
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2 |
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Name: |
Cheung Kwok Keung |
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Sex: |
Male |
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Registered Address: |
Director |
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Position: |
Flat A, 5/F., Blk. 6, Villa Rhapsody, Symphony Bay, Sai Kung, em Hong
Kong |
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Marital Status: |
Married |
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3 |
|
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Name: |
Cheung Kwok Wa |
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Sex: |
Male |
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Registered Address: |
Flat B, 39/F, Blk, 6, Royal Ascot, True King Road, Shatin. N.T., Em
Hong Kong |
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Position: |
Director |
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Marital Status: |
Married |
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4 |
|
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Name: |
Cheung Kwok Ping |
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Sex: |
Male |
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Registered Address: |
Director |
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Position: |
Flat A, 28/F., Blk. 3, Baycrest, Hang Ming Street, Ma On Shan, N.T.,
em Hong Kong |
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Marital Status: |
Married |
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5 |
|
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Name: |
Chan Wing Kwan |
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Sex: |
Male |
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Registered Address: |
Director |
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Position: |
Flat A, 8/F., 3 Lok Fung Path, Claymore Garden., Shatin., N.T., em
Hong Kong |
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Marital Status: |
Married |
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Authorized
Signatures |
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Any one of the above directors can sign on behalf of the subject with
seal affixed. |
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PERSONNEL STRUCTURE
|
Total Employees |
Offices & Factories
|
|
Office |
|
Address: |
Em Macau, Avenida Da Praia Garden No 599,
Comercial Rodrigues B3 |
Premises Information
Office
address:
|
Address: |
Em Macau,
Avenida Da Praia Garden No 599, Comercial Rodrigues B3 |
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Owners: |
F. Podrigues Sucessores, Limitada. |
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Matriz: |
73199 |
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Nature: |
Urban |
OPERATION INFORMATION
l
The subject is a services provider of services
about handing daily files and financial documents.
l
It is introduced that subject’s sales regions is
mainly in China.
l
It is introduced that subject’s major customers are
the members of subject’s group.
l
It is introduced that subject doesn’t take orders.
l
It is introduced that subject’s group is mainly
engaged in manufacturing and sales of laminates,
chemical products and etc.
Since
subject is engaged in files handling without purchase and sales business, thus
we did not supply the settlement information.
Subject
has no obligations to disclose its financial statements to the third party
according to the relevant policy in Macau and the only source from which we can
obtain the information is the subject itself.
Subject
declined to disclose the financials citing the grounds of company’s
confidentiality; from other source we can not obtain the relevant information,
either.
Subject declined
to disclose its bank details; from other source we cannot obtain the relevant
information, either.
|
Name: |
Mr. Chan |
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E-mail: |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.62 |
|
UK Pound |
1 |
Rs.100.84 |
|
Euro |
1 |
Rs.84.98 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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 |
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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-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.