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Shiny Garment Factory (H.K.) Limited (新辉制衣厂(香港)有限公司)

Shiny Garment Factory (H.K.) Limited (Shiny Garment) is a Hong Kong-based manufacturer of children’s clothing sold in retail outlets throughout North America.

Since early 2010, the company has experienced financial pressure due to the increased cost of traditional financing and the constricted lending environment among Chinese banks. To alleviate this strain, the Company began working with CBC Trade Finance, a division of Capital Business Credit (CBC). Through CBC’s Supplier Early Payment (SEP) Program, Shiny Garment is now able to sell its receivables to CBC and receive funds immediately after shipment, avoiding the typical 60 to 90 day collection of receivables from the U.S. importer  The buyer then pays CBC directly when the invoice is due. This ultimately gives the Company access to more working capital, without impacting their bank facility.

“Before working with CBC, we did not know that receivables could be turned into cash immediately after shipment. CBC’s unique SEP Program provides us with sufficient cash flow and has also mitigated the larger capital and risk issues that has troubled Asian exporters in the past,” said Alan Lai, general manager of Shiny Garment.

In the one year since Shiny Garment began working with CBC, they have been able to expand their business and their export volume has doubled.

Chinese Version

新辉制衣厂(香港)有限公司(以下简称“新辉制衣”)是一家总部位于香港的制造商,其生产的童装主要销往北美市场。

自2010年开始,由于传统融资成本的上升和银行融资环境的变化,该公司感受融资方面的困难。为了解决这一问题,公司开始和Capital Business Credit 旗下的CBC贸易融资合作。

通过CBC的SEP解决方案,新辉制衣现在可以在出货以后立即把应收款卖给CBC并获得融资款,避免了传统的方式需要60至90天赊账期以后向美国客人收款。美国客人只需要到期以后支付给CBC即可。这给新辉制衣以极大的获得运营资金的能力而无需影响在其它银行的授信额度。

新辉制衣总经理黎景濂这样评价CBC的产品和服务:“在CBC之前,我们不知道未来的应收款可以转让并于一周之内全部收回。CBC独一无二的贸易融资服务让我公司的运作获得了充足的现金流,也一并解决了我们出口商最头疼的货款回收等诸多问题。”。

经过一年多和CBC合作,新辉制衣的出货量比一年以前增加了近一倍。