MIRA INFORM REPORT

 

 

Report Date :

25th May 2006

 

IDENTIFICATION DETAILS

 

Name :

NANJING HEYAGUI INTERNATIONAL TRADE CO., LTD.

 

 

Registered Office :

No. 199, Jianye Road, Baixia District, Nanjing City

Jiangsu Province, 210000 Pr China

 

 

Country :

China

 

 

Date of Incorporation :

Feb. 27, 2006

 

 

Com. Reg. No.:

3201052303984

 

 

Legal Form :

Limited Liabilities Company

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

New Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear


NAME &  ADDRESS

 

NANJING HEYAGUI INTERNATIONAL TRADE CO., LTD.

no. 199, jianye road, baixia district, nanjing city

jiangsu province, 210000 PR CHINA

TEL: N/A                   

FAX: N/A

 

 

EXECUTIVE SUMMARY

 

INCORPORATION DATE            : feb. 27, 2006

REGISTRATION NO.                  : 3201052303984

REGISTERED LEGAL FORM     : limited liabilities company              

CHIEF EXECUTIVE                    : MR. guo nengli  (CHAIRMAN)

STAFF STRENGTH                    : n/a

REGISTERED CAPITAL : rmb1,000,000

BUSINESS LINE                        : trading

TURNOVER                              : n/a

EQUITIES                                 : n/a

PAYMENT                                : not yet determined

RECOMM. CREDIT RANGE       : COD

MARKET CONDITION                : COMPETITIVE

FINANCIAL CONDITION             : n/a

OPERATIONAL TREND  : UNdetermined

GENERAL REPUTATION           : average

EXCHANGE RATE                     : RMB 8.02= US$1 AS OF 2006-05-25

 

 


 

Rounded Rectangle: HISTORY 

 

 


Note: The complete name of SC should be the above stated one, instead of the given name HEYAGUI

INTL CO., LTD.

 

SC was registered as a limited liabilities company at local Administration for Industry & Commerce (The official body of issuing and renewing business license) on Feb. 27, 2006.

 

Company Status: Limited liabilities co.

This form of business in PR China is defined as a legal person. At least two shareholders and no more than fifty contribute its registered capital jointly. Shareholders bear limited liability to the extent of shareholding, and the co. is liable for its debts only to extent of its total assets. The characteristics of this form of co. are as follows:

Upon the establishment of the co., an investment certificate is issued to the each of shareholders.

The board of directors is comprised of three to thirteen members.

The minimum registered capital for a co. is listed as follows:

-Manufacturing co.                                 : RMB 500,000.00

-Trading &wholesaling co.                       : RMB 500,000.00

-Retailing co.                                                     : RMB 300,000.00

-Consultancy & service co.                     : RMB 100,000.00

Shareholders may take their capital contributions in cash or by means of tangible assets or intangible assets such as industrial property and non-patented technology.

Cash contributed by all shareholders must account for at least 50% of the registered capital while contribution by intangible assets must not exceed 20% of the registered capital.

Existing shareholders have pre-exemption right to purchase shares of the co. offered for sale by the other shareholders and to subscribe for the newly increased registered capital of the co.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SC’s registered business scope includes operating and acting as an agent of importing and exporting all kinds of commodities and technology, excluding the goods limited or forbidden by the government; and selling hardware, electronic component, plastic and steel materials, parts of hydraumatic equipment, metal material (excluding rare metal), mechanical and electrical products, mechanical equipment, textiles and components of automobile.

 

Mr. Guo Nengli has been chairman of SC since 2006.

 

 

 

Rounded Rectangle: WEB SITE 

 

 


http://www.hyggj.com The design is professional and the content is well organized. At present, the web is both in Chinese and English versions.

 

 

 

Rounded Rectangle: KEY EVENTS/RECENT DEVELOPMENT 

 

 


 Note: SC’s telephone number 86 (0) 25-58073416 you provided has been closed because of the defaulting of telephone charges. In addition, SC’s other telephone number 86 (0) 25-58073273 in the web site is also closed for the same reason.

 

 

 

 

Rounded Rectangle: OWNERSHIP/MANAGEMENT BACKGROUND 

 

 


MAIN SHAREHOLDERS:

 
Name                                                        % of Shareholding

 

Guo Nengli                                                     90

Du Kejun                                                        10

 

 

 

 

Rounded Rectangle: MANAGEMENT 

 

 


l         Chairman and General Manager:

 

Mr. Guo Nengli, 42 years old with university education. He is currently responsible for the overall management of SC.

 

Working Experience(s):

Since 2006                              Working in SC as chairman and general manager.

 

 

 

 

Rounded Rectangle: BUSINESS OPERATIONS
 BACKGROUND
 

 

 


SC is unable to be contacted at present. Its current operation status is not available.

 

 

 

Rounded Rectangle: RELATED COMPANIES

 BACKGROUND
 

 

 


SC is not known to have any subsidiary at present.

 

 

 

Rounded Rectangle: PAYMENT

 BACKGROUND
 

 

 


Overall payment appraisal :

(  ) Excellent      (  ) Good      ( ) Average      (  ) Fair      (  ) Poor      (X) Not yet determined

The appraisal serves as a reference to reveal SC's payments habits and ability to pay.  It is based on the 3 weighed factors:  Trade payment experience (through current enquiry with SC's suppliers), our delinquent payment and our debt collection record concerning SC.

 

Trade payment experience : SC did not provide any name of trade/service suppliers and we have no other sources to conduct the enquiry at present.

 

Delinquent payment record :  None in our database.

 

Debt collection record : No overdue amount owed by SC was placed to us for collection within the last 6 years.

 

 

 

 

Rounded Rectangle: BANKING

 BACKGROUND
 

 

 


N/A

 

 

 

Rounded Rectangle: FINANCIAL HIGHLIGHTS

 BACKGROUND
 

 

 


SC was established recently in 2006, so the finance reports are not available at present.

 

 

 

Rounded Rectangle: REMARKS

 BACKGROUND
 

 

 


SC was established recently in 2006, and its credit has not been established yet. SC is unable to be contacted at present, so its operating condition is not available. Great caution is requested in providing to SC and COD is recommended at present.

 

 

 


 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

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

 

 

 

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