MIRA INFORM REPORT
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Report No. : |
354665 |
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Report Date : |
18.12.2015 |
IDENTIFICATION DETAILS
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Name : |
CREATIVE PACKAGING RESOURCES LIMITED |
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Registered Office : |
Flat B, 4F, Block 4, Golden Dragon Industrial Centre, 182-190 Tai Lin Pai Road, Kwai Chung, New Territories |
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Country : |
Hong Kong
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Date of Incorporation : |
03.03.1989 |
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Com. Reg. No.: |
12974100 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and Sale of Printed Paper
Products. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Hong Kong |
A1 |
A1 |
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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 |
HONG KONG - ECONOMIC OVERVIEW
Hong Kong has a free market economy, highly dependent on
international trade and finance - the value of goods and services trade,
including the sizable share of re-exports, is about four times GDP. Hong Kong
has no tariffs on imported goods, and it levies excise duties on only four
commodities, whether imported or produced locally: hard alcohol, tobacco,
hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws. Hong
Kong's open economy left it exposed to the global economic slowdown that began
in 2008. Although increasing integration with China, through trade, tourism,
and financial links, helped it to make an initial recovery more quickly than
many observers anticipated, its continued reliance on foreign trade and
investment leaves it vulnerable to renewed global financial market volatility
or a slowdown in the global economy. The Hong Kong government is promoting the
Special Administrative Region (SAR) as the site for Chinese renminbi (RMB)
internationalization. Hong Kong residents are allowed to establish
RMB-denominated savings accounts; RMB-denominated corporate and Chinese
government bonds have been issued in Hong Kong; and RMB trade settlement is
allowed. The territory far exceeded the RMB conversion quota set by Beijing for
trade settlements in 2010 due to the growth of earnings from exports to the
mainland. RMB deposits grew to roughly 12.5% of total system deposits in Hong
Kong by the end of 2014. The government is pursuing efforts to introduce
additional use of RMB in Hong Kong financial markets and is seeking to expand
the RMB quota. The mainland has long been Hong Kong's largest trading partner,
accounting for about half of Hong Kong's total trade by value. Hong Kong's
natural resources are limited, and food and raw materials must be imported. As
a result of China's easing of travel restrictions, the number of mainland
tourists to the territory has surged from 4.5 million in 2001 to 47.3 million
in 2014, outnumbering visitors from all other countries combined. Hong Kong has
also established itself as the premier stock market for Chinese firms seeking
to list abroad. In 2014 mainland Chinese companies constituted about 50% of the
firms listed on the Hong Kong Stock Exchange and accounted for about 60.1% of
the Exchange's market capitalization. During the past decade, as Hong Kong's
manufacturing industry moved to the mainland, its service industry has grown
rapidly. Credit expansion and tight housing supply conditions have caused Hong
Kong property prices to rise rapidly; consumer prices increased by more than
4.4% in 2014. Lower and middle income segments of the population are
increasingly unable to afford adequate housing. Hong Kong continues to link its
currency closely to the US dollar, maintaining an arrangement established in
1983. In 2014, Hong Kong and China signed a new agreement on achieving basic
liberalization of trade in services in Guangdong Province under the Closer
Economic Partnership Agreement, adopted in 2003 to forge closer ties between
Hong Kong and the mainland. The new measures, effective from March 2015, cover
a negative list and a most-favored treatment provision, and will improve access
to the mainland's service sector for Hong Kong-based companies.
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Source
: CIA |
Contact Points
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Company Name (in Chinese): |
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Company Name (in English): |
CREATIVE PACKAGING RESOURCES LIMITED |
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Supplied Name: |
CREATIVE PACKAGING RESOURCES LIMITED |
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Trading Address: |
Flat B, 4F, Block 4, Golden Dragon Industrial Centre, 182-190 Tai Lin Pai
Road, Kwai Chung, New Territories, Hong Kong |
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Supplied Address: |
Flat B 4/F Block 4, 182-190 Tai Lin Pai Road, GOlden Dragon Industrial
Centre Chung N T |
Note: The exact name and address are as above.
Company Identification Details
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Registered Name: |
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Registered Address: |
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Telephone Number: |
+852-2305-2681 |
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Fax Number: |
+852-2342-3680 |
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E-mail: |
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Date of Registration: |
1989-3-3 |
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Registered Number: |
244020 |
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Business Registration No.: |
12974100 |
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Paid-up Capital: |
HKD 5,000,000 (USD 645,000) = 5,000,000 Shares@
HKD 1 As of 2015.12, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
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SITC Code: |
65621--Labels, Badges and Similar Articles
of Textile Materials, Woven, In the Piece, In Strips or Cut to Shape or Size,
Not Embroidered (Kg) |
|
Principal Activities: |
Manufacturing and sale of printed paper
products. |
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Staff: |
N/A |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2015-3-3 |
Notes: Subject declined to disclose the number
of staff, and from other source we cannot obtain the information, either.
History
Subject was incorporated on 1989-3-3 with the
registered number 244020 as Private Limited Liability Company in Hong Kong.
Change of Name:
|
Date |
Change |
|
1999-1-22 |
Creative Packaging Resources Limited |
|
祺輝印刷製品有限公司 |
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1989-8-3 |
Cheung Fai Printing Press Limited |
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祥輝印刷有限公司 |
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1989-3-3 |
Soaring Will Limited |
|
韶偉有限公司 |
Corporate Structure
Subject did not register any subsidiaries or branches; from other source
we could not obtain the relevant information, either.
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Yee Nang Chau |
4,250,000 |
85% |
|
Leung Kam Fun |
750,000 |
15% |
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Total |
5,000,000 |
100% |
Major Shareholder Information:
|
1 |
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Name: |
Yee Nang Chau |
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Address: |
Flat F, 31F, Hang King Garden, 9 Wing Fong
Rd., Kwai Chung, New Territories, Hong Kong |
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2 |
|
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Name: |
Leung Kam Fun |
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Address: |
Flat F, 31F, Hang King Garden, 9 Wing Fong
Rd., Kwai Chung, New Territories, Hong Kong |
Management Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Yee Nang Chau |
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Address: |
Flat F, 31F, Hang King Garden, 9 Wing Fong
Rd., Kwai Chung, New Territories, Hong Kong |
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Position: |
Director |
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ID Number: |
E984728(A) |
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2 |
|
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Name: |
Leung Kam Fun |
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Address: |
Flat F, 31F, Hang King Garden, 9 Wing Fong Rd.,
Kwai Chung, New Territories, Hong Kong |
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Position: |
Director & Secretary |
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ID Number: |
C365503(0) |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
Flat B, 4F, Block 4, Golden Dragon Industrial Centre, 182-190 Tai Lin Pai
Road, Kwai Chung, New Territories, Hong Kong |
Premises Information
Office address:
|
Address: |
Flat B, 4F, Block 4, Golden Dragon Industrial Centre, 182-190 Tai Lin
Pai Road, Kwai Chung, New Territories, Hong Kong |
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Owners: |
Soaring Glory Limited |
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Memorial Number: |
10110800890201 ASSIGNMENT |
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Date of Instrument: |
2010-10-12 |
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Date of Registration: |
2010-11-8 |
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Consideration Value: |
HKD 1,468,000.00 |
Production Information
Subject is engaged in manufacturing of printed
paper products.
It is introduced that subject has a factory in
Dongguan City, the Mainland of China for production.
Purchase Information
The raw materials for production are mainly
purchased in the Mainland of China.
Sales Information
Subject is engaged in sale of printed paper
products.
The major products of the subject are frame,
box, hang tag, label, paper bag, PVC box.
It is introduced that subject is also engaged
in printing business.
Subject’s major sales regions include domestic
market, Southeast Asia, America, Europe.
It is introduced that subject’s major
customers are manufacturers of garments, gifts.
Settlements
Purchase
Domestic Purchase
|
Products |
Raw materials |
|
Payment Terms |
T/T, Cash |
Import
Subject has little import.
Sales
Domestic Markets
|
Product |
Printed paper products |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Printed paper products |
|
Selling Terms |
L/C, T/T |
Financial Information
The subject has no
obligation to supply its financial statement to the third party according to
the relevant policy in Hong Kong and the only source from which we can obtain
the information is the subject itself.
Subject’s relevant staff rejected to disclose
the financial information; from other sources we could not obtain such
information, either.
Bankers
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public
Mortgage Record
No mortgage record of the subject was found.
Lawsuits
Up to now, no present or latent litigation of
the subject has been found.
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High Court Action: |
Clear |
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High Court Baukufty Bankruptcy Proceedings: |
Clear |
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High Court Commercial Action: |
Clear |
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High Court Construction & Arbitration
Proceedings: |
Clear |
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High Court Companies Winding-Up: |
Clear |
Special Note
Interview Details
|
Name |
Ms. Flora |
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Department: |
Sales Department |
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Email: |
Industry Information
Unit: HKD/000
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|
2015.06 |
2015.01~2015.06 |
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Quantity |
Value |
Quantity |
Value |
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Imports |
||||
|
United Arab Emirates |
2 |
1 |
154 |
8 |
|
Germany |
634 |
330 |
7,996 |
5,807 |
|
5,963 |
1,296 |
32,132 |
6,231 |
|
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Australia |
30 |
23 |
45 |
37 |
|
Italy |
9,741 |
4,476 |
53,250 |
30,633 |
|
Malaysia |
1,240 |
249 |
21,933 |
3,590 |
|
Taiwan |
2,319 |
820 |
19,617 |
5,733 |
|
Chile |
5,093 |
3,404 |
39,465 |
25,447 |
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The Mainland of China |
293,492 |
61,080 |
2,015,175 |
463,485 |
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Exports |
||||
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United Arab Emirates |
58 |
35 |
494 |
285 |
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Britain |
1,486 |
532 |
9,452 |
3,451 |
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Indonesia |
2,383 |
1,493 |
19,201 |
8,602 |
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India |
2,321 |
1,101 |
18,088 |
8,261 |
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Italy |
132 |
125 |
1,591 |
968 |
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Cambodia |
1,526 |
822 |
14,721 |
6,973 |
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Pakistan |
2,956 |
923 |
14,897 |
4,842 |
|
Vietnam |
6,682 |
3,269 |
60,165 |
27,540 |
|
The Mainland of China |
39,291 |
3,893 |
249,067 |
25,965 |
External Trade Information:
External Merchandise Trade Aggregate Figures
Unit: HKD/ Million
|
|
Imports |
Domestic Exports |
Re-exports |
Total exports |
Year-on-year % change of Total exports |
Merchandise trade balance |
|
2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
|
2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
|
2014 |
4,219,046 |
55,283 |
3,617,468 |
3,672,751 |
+3.2 |
-546,295 |
|
2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
|
2014.06 |
352,316 |
4,802 |
304,409 |
309,211 |
+11.4 |
-43,105 |
|
2014.07 |
368,293 |
5,120 |
321,040 |
326,160 |
+6.8 |
-42,132 |
|
2014.08 |
358,750 |
5,289 |
321,937 |
327,225 |
+6.4 |
-31,525 |
|
2014.09 |
382,355 |
4,153 |
327,833 |
331,986 |
+4.5 |
-50,369 |
|
2014.10 |
381,569 |
4,392 |
327,335 |
331,727 |
+2.7 |
-49,842 |
|
2014.11 |
378,946 |
4,701 |
322,082 |
326,783 |
+0.4 |
-52,163 |
|
2014.12 |
372,007 |
4,050 |
308,705 |
312,755 |
+0.6 |
-59,253 |
|
2015.01 |
348,886 |
4,468 |
307,403 |
311,871 |
+2.8 |
-37,015 |
|
2015.02 |
264,220 |
2,919 |
225,418 |
228,337 |
+7.2 |
-35,884 |
|
2015.03 |
342,319 |
4,013 |
292,100 |
296,113 |
-1.8 |
-46,206 |
|
2015.04 |
331,108 |
4,202 |
287,742 |
291,944 |
+2.2 |
-39,164 |
|
2015.05 |
331,940 |
4,258 |
287,571 |
291,830 |
-4.6 |
-40,110 |
|
2015.06 |
345,302 |
4,158 |
295,361 |
299,518 |
-3.1 |
-45,783 |
*Total exports figures have been rounded to the nearest final digit after
summing up the constituent trade figures.
Attachment
Address: Flat B, 4F, Block 4, Golden Dragon Industrial Centre, 182-190
Tai Lin Pai Road, Kwai Chung, New Territories, Hong Kong
Block 4, Golden Dragon Industrial Centre, 182-190 Tai Lin Pai Road, Kwai
Chung, New Territories, Hong Kong
Flat B, 4F, Block 4, Golden Dragon Industrial Centre, 182-190 Tai Lin
Pai Road, Kwai Chung, New Territories, Hong Kong
Flat B, 4F, Block 4, Golden Dragon Industrial Centre, 182-190 Tai Lin
Pai Road, Kwai Chung, New Territories, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.65 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.72.33 |
|
HKD |
1 |
Rs.8.58 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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Report Prepared
by : |
TPT |
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 |
|
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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 |
|
|
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 |
|
|
-- |
NB |
New Business |
-- |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.