MIRA
INFORM REPORT
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Report Date : |
08.08.2007 |
IDENTIFICATION DETAILS
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Name : |
XIANTAO JINCHENG PRINTING GUM FACTORY |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.07.2000 |
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Com. Reg. No.: |
4290042211482 |
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Legal Form : |
Individual-Owned |
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Line of Business : |
Manufacturing and Selling Printing Gum |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
XIANTAO JINCHENG PRINTING GUM FACTORY
NO.
TEL: 86 (0) 728-3273064
FAX: 86 (0) 728-3273064
EXECUTIVE SUMMARY
INCORPORATION DATE : JUL. 1, 2000
REGISTRATION NO. : 4290042211482
REGISTERED LEGAL FORM :
INDIVIDUAL-OWNED
CHIEF EXECUTIVE :
MR. WANG YOUBING (manager)
STAFF STRENGTH :
12
REGISTERED CAPITAL : N/A
BUSINESS LINE :
MANUFACTURING
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION : FAIR
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 7.57= US$1 AS OF 2007-8-8
Adopted
abbreviations:
ANS - amount not stated
NS - not stated SC - subject
company (the company inquired by you)
NA - not available
CNY -
SC was registered as an individual-owned enterprise at local
Administration for Industry & Commerce (AIC - The official body of issuing
and renewing business license) on Jul. 1, 2000.
Company Status: Individual-owned enterprise This form of business in PR China is a privately owned
individual or family enterprise, which does not have legal person or
limited status. The individual-owned enterprises are usually located in
urban area and are permitted to adopt a business name & engage in
retail, service, transportation & manufacturing business.
SC’s registered business scope includes manufacturing printing gum.
SC is mainly engaged in manufacturing and selling printing gum.
Mr. Wang Youbing has been manager of SC since 2000.
SC owns about 12 staff at present.
SC is currently operating at the above stated address, and this address
houses its operating office and factory in the industrial zone of Xiantao. Our
checks reveal that SC rents the total premise about 1,000 square meters.
SC is not known to host website of its own at present.
No significant events or changes were found during our checks with local
AIC.
MAIN SHAREHOLDERS:
Wang Youbing
Manager:
Mr. Wang Youbing , in his 40’s with university education. He is
currently responsible for the overall management of SC.
Working Experience(s):
From 2000 to present Working
in SC as manager
SC is mainly engaged in manufacturing and selling printing gum.
SC’s products mainly include: printing gum.
SC’s annual out put can reach 50-60 tons at present.
SC sources its materials 100% from domestic market. SC sells 95% of its
products in domestic market, and 5% to the overseas market, mainly to
The buying terms of SC include Check, T/T and Credit of 30-60 days. The payment
terms of SC include T/T and Credit of 30-60 days.
SC is known to have a selling department in Foshan,
Add: No. 25 Unit 6 Chengxi Wholesaling Market,
Tel: 86 0757 82120568
E-Mail: jincheng@yptop.com
Overall payment appraisal:
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
() 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 refused to
release any information of its suppliers and the trade reference was not available.
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.
Industrial and Commercial Bank of
AC#：1813088809034007111
Relationship:
Incorporated as an individual-owned enterprise, SC is not required to
declare its financial reports to the local AIC. Therefore, SC’s financial
reports of 2006 are not available at present.
SC is considered small-sized in its line. Credit dealings with SC are
recommended under secured terms.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)