MIRA
INFORM REPORT
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Report Date : |
19.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
adams
pharmaceutical (anhui) co., ltd. |
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Registered Office : |
Xuancheng Economic
And Technological Development Zone, Anhui Province, 242000 Pr |
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Country : |
China |
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Date of Incorporation : |
September 3, 2001 |
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Com. Reg. No.: |
3425001000246 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Engaged in
manufacturing and selling tabella, granules, syrup,
hard capsule, ointment, tincture, drug materials, pharmaceutical and chemical
intermediates. |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
adams pharmaceutical
(anhui) co., ltd.
xuancheng economic and technological
development zone,
anhui PROVINCE, 242000 PR CHINA
TEL :
86 (0) 563-2625550
FAX :
86 (0) 563-2625199
EXECUTIVE SUMMARY
INCORPORATION DATE : september 3, 2001
REGISTRATION NO. : 3425001000246
REGISTERED LEGAL FORM : Limited liabilities
company
STAFF STRENGTH :
385
REGISTERED CAPITAL : CNY 50,000,000
BUSINESS LINE :
MANUFACTURING
TURNOVER :
n/a (AS OF DEC. 31, 2006)
EQUITIES :
n/a (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : moderate amount
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 7.38 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY - China Yuan Renminbi
SC was registered as a limited liabilities company at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on September 3, 2001.
Company Status: Limited liabilities co. This form of business in PR
China is defined as a legal person. No more than fifty shareholders
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 CNY 30,000. 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 30% 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 manufacturing and selling tabella, granule,
syrup, hard capsule, ointment, tincture, drug materials, pharmaceutical and
chemical intermediates, operating in accordance with the license.
SC is mainly
engaged in manufacturing and selling tabella,
granules, syrup, hard capsule, ointment, tincture, drug materials,
pharmaceutical and chemical intermediates.
Mr. Hu Bofan has
been chairman of SC since 2001.
SC is known to
have approx. 385 staff members 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 Xuancheng. Our checks
reveal that SC owns the total premise about 12,000 square meters.
http://www.nhuwn.com.cn The design
is professional and the content is well organized. At present the web site is
only in Chinese version.
E-mail: ah-nhu@163.com
Changes of its registered information are as follows:
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Date
of change |
Item |
Before the
change |
After the change |
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2005-11 |
Registered capital |
CNY 11,000,000 |
CNY 50,000,000 |
MAIN SHAREHOLDERS:
Name %
of Shareholding
Zhejiang NHU Company Ltd. 67
Other Shareholders 33
Zhejiang NHU Company Ltd.:
==================
Zhejiang NHU Company Ltd.(002001) was
established after the reorganization of the former Xinchang Chemical Company,
which was founded in November, 1988, and has developed into a state-level
Hi-Tech enterprise with advanced science technology and high beneficial
returns. It is composed of many affiliated enterprises, including Zhejiang
Xindong Chemical Company Ltd., Zhejiang NHU Imports & Exports Company Ltd.,
Xinchang NHU Vitamin Company Ltd., Xinchang Deli Petrochemical Equipment
Company Ltd., Zhejiang Asen Pharmaceutical Company Ltd. and Anhui NHU Wannan
Pharmaceutical Company Ltd. NHU is a state-level key hi-tech enterprise with
rapid-growing rate and high beneficial returns. Its total assets reaches 0.88
billion yuan and its annual sales is over 1 billion yuan.
l
Chairman:
Mr. Hu Bopan, 45 years old with university
education. He is currently responsible for the overall management of SC.
Working Experience(s):
From 2001 to present Working in SC as chairman, and also working in Zhejiang NHU Co., Ltd. as
chairman.
l
General Manager:
Mr. Ding Zhongjun, about 45 years old with university education. He is currently
responsible for the daily management of SC.
Working Experience(s):
From 2001 to present Working in SC as general manager.
SC is mainly
engaged in manufacturing and selling tabella,
granules, syrup, hard capsule, ointment, tincture, drug materials,
pharmaceutical and chemical intermediates.
Brand: NHU
SC’s products
mainly include: erythromycin ointment, acyclovir ointment.
SC sources its materials 100% from domestic market,
mainly Anhui and Zhejiang. SC sells 90% of its products in domestic market, and
10% to overseas market, mainly Southeast Asian market.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include T/T, L/C and Credit of 30-60 days.
SC is
not known to have any subsidiary at present.
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 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.
Industrial and Commercial Bank of China Xuancheng Branch
AC#：1317086109200008840
Relationship:
Normal.
Investigations were made with the local Administration for Industry and
Commerce (the authority that issuing and renewing business license), however,
no financial records of SC was found.
SC’s management declined to release any financial information.
SC is considered a medium-sized company in its line with fairly good
background. Credit up to moderate amount may be considered.
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. |
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%)