MIRA
INFORM REPORT
|
Report Date : |
19.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
shanxi yashili
dairy co., ltd. |
|
|
|
|
Registered Office : |
Sihuan East Road,
Yingxian, Shuozhou City, Shanxi Province, 036000 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Date of Incorporation : |
March 31, 2006 |
|
|
|
|
Com. Reg. No.: |
1406222000158 |
|
|
|
|
Legal Form : |
One-Person Limited Liability Company |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
shanxi yashili dairy
co., ltd.
sihuan east road, yingxian, shuozhou city,
shanxi PROVINCE, 036000 PR CHINA
TEL :
86 (0) 349-5030213
FAX :
86 (0) 349-5030212
EXECUTIVE SUMMARY
INCORPORATION DATE : march 31, 2006
REGISTRATION NO. : 1406222000158
REGISTERED LEGAL FORM : One-person Limited
Liability Company
STAFF STRENGTH :
230
REGISTERED CAPITAL : CNY 46,800,000
BUSINESS LINE :
manufacturing
TURNOVER :
n/a
EQUITIES :
n/a
PAYMENT :
AVERAGE
MARKET CONDITION : average
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : steady
GENERAL REPUTATION : well known
EXCHANGE RATE :
CNY7.38 = 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 one-person limited liability company at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on March 31, 2006.
Company Status: One-person Limited Liability Company Single person LLC refers to a
limited liability company set up by only one natural person or legal person
as the single shareholder of it. The minimum registered capital
of Single person LLC is CNY100,000. The shareholder’s capital contributes,
as set out by the articles of associations should be a lump-sum payment in
full. One natural person can only invest
in and set up one limited liability company, which is not permitted to
invest in and set up a new Single person LLC. As to any one-person limited
liability company, the sole-investor nature of the natural person or legal
person shall be indicated in the registration documents of the company and
shall be indicated in the business license thereof as well. The regulation of Single person
LLC should be set up by the shareholder The regulation of Single person
LLC has no shareholder meeting.
SC’s registered
business scope includes manufacturing and selling dairy products.
Established in
2006, SC has not started its normal operation yet.
Mr. Zhang Litian
has been chairman of SC since 2006.
SC is known to
have approx. 230 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 Shuozhou. Our checks
reveal that SC owns the total premise about 138,000 square meters.
SC is not known to host web site of its own at present.
No significant events or changes were found during our checks with the
local Administration for Industry & Commerce.
MAIN SHAREHOLDERS:
Name % of Shareholding
Guangdong YASHILI Group Co., Ltd. 100
Guangdong YASHILI Group Co., Ltd is a famous
modernized enterprise specialized in foodstuff studying, developing,
manufacturing and marketing. It is consisted of seven sub-companies dealing in
different lines such as foods, milks, nutrition & health foods and package
printing industries. The base of manufacturing is located in the famous
foodstuff town-AnBu, Guangdong and covers an area of 138 thousand square meters.
The company has owed abundant funds and a galaxy of capable personnel, many
technicians specialized in different fields and over 3000 workers are employed
by it. Furthermore, it has imported 15 advanced production lines from abroad
and domestic manufacturing milk powder, oatmeal, Soya bean milk, drink and
preserved fruits all together five series over 200 different kinds of foods
selling to places all over the country, Southeast Asia area, U.S.A. and Europe
etc.
l
Chairman and
General Manager:
Mr. Zhang Litian, about 50 years old with university education. He is
currently responsible for the overall management of SC.
Working Experience(s):
From 2006 to present Working in SC as chairman and general manager, and also working in
Guangdong
YASHILI Group Co., Ltd. as CEO.
Established in 2006, SC has not started its normal operation yet.
According to SC’s management, SC will start its operation in January of
2008.
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 Shuozhou Branch
AC#：0507048509024828325
Relationship:
Normal.
SC has not started its normal operation yet, so its financial reports
are not available.
Established in 2006, SC has not started its normal operation yet. Credit
dealings with SC should be confined into small amount 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. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)