MIRA
INFORM REPORT
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Report Date : |
21.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
shanghai viki
international trade co., ltd. |
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Registered Office : |
Room 421, No. 8,
Huajing Road, Waigaoqiao Free Trade Zone, Shanghai 200131 Pr |
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Country : |
China |
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Date of Incorporation : |
Aug. 9, 2006 |
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Com. Reg. No.: |
3101152027755 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Engaged in international trade. |
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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
shanghai viki
international trade co., ltd.
room 421, no. 8, huajing road, waigaoqiao free
trade zone
shanghai 200131 PR CHINA
TEL :
86 (0) 21-50460539
FAX :
86 (0) 21-50462246
EXECUTIVE SUMMARY
INCORPORATION DATE : aug. 9, 2006
REGISTRATION NO. : 3101152027755
REGISTERED LEGAL FORM : Limited liabilities
company
STAFF STRENGTH :
4
REGISTERED CAPITAL : cny 1,000,000
BUSINESS LINE :
trading
TURNOVER :
n/a
EQUITIES :
n/a
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : c.o.d to small amount
MARKET CONDITION : average
FINANCIAL CONDITION : undetermined
OPERATIONAL TREND : fairly STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 7.37 =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 Aug. 9 2006.
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 importing and exporting commodities & technologies;
transit trade; trade with enterprises in the free trade zone; simply commercial
processing, and commercial consulting services.
SC is mainly
engaged in international trade.
Mr. Zhou Zongxiang
has been chairman of SC since 2006.
SC is known to
have approx. 4 staff members at present.
SC is
currently operating at the above stated address, and this address houses its operating
office in the free trade zone of Shanghai. Our checks reveal that SC rents the
total premise about 100 square meters.
SC is not known to host web site of its own at present.
SC was established in 2006, and started its normal business in Mar. of
2007.
MAIN SHAREHOLDERS:
Name
% of Shareholding
Zhou Zongxiang 60
Zhou Sheng 40
l
Chairman and
General Manager:
Mr. Zhou Zongxiang, in his 40’s 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.
SC is mainly
engaged in international trade.
SC’s products
mainly include: chemical products.
SC sources its materials 100% from domestic market,
mainly Shanghai. SC sells 90% in domestic market, mainly Shanghai, and 10% to
overseas market, mainly European and American countries.
The buying terms of SC include T/T, Check and Credit of
30-60 days. The payment terms of SC include T/T, L/C, Check 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.
SC’s
management declined to release its bank information.
SC started its business
normally in 2007, so the financial records are not available.
SC started its normal business recently in 2007, and its credit has not
been established yet. Credit dealings with SC should be confined into C.O.D to small
amount at present.
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%)