MIRA
INFORM REPORT
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Report Date : |
29.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHANTOU YILONG
TRADING Co., Ltd. |
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Registered Office : |
Rm 702-1, Bldg. 1,
Wanshang Building, Huanghe Road, Longhu District, Shantou, Guangdong Province,
515041 Pr |
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Country : |
China |
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Date of Incorporation : |
December 27, 2006 |
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Com. Reg. No.: |
4405002602560 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Engaged in selling
different sorts of easy open lids. |
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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
SHANTOU YILONG TRADING
Co., Ltd.
RM 702-1, BLDG. 1, WANSHANG BUILDING, HUANGHE
ROAD, longhu district, shantou, GUANGDONG PROVINCE, 515041 PR CHINA.
TEL :
86 (0) 754-8850593
FAX :
86 (0) 754-8874713
EXECUTIVE SUMMARY
INCORPORATION DATE : december 27, 2006
REGISTRATION NO. : 4405002602560
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH : 5
REGISTERED CAPITAL : CNY 500,000
BUSINESS LINE : TRADING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : COD TO SMALL AMOUNT
MARKET CONDITION : average
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY
7.30 = US1$
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 Dec. 27, 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 selling high molecular polymer, plastic products, toys,
garments, shoes & caps, glass ware, leather products, stationery, arts
& crafts, ceramics, common machinery, fabric, textiles, paper products,
building materials, stone products, furniture, hardware, chemicals (excluding
hazardous products), clock, rubber products, sporting goods and cases;
importing and exporting goods and technology.
SC is mainly
engaged in selling easy open lids.
Mr. Huang
Liangliang has been legal representative and chairman
of SC since 2006.
SC is
known to have approx. 5 staff members at present.
SC is
currently operating at the above stated address, and
this address houses its operating office in the commercial zone of Shantou. Our
checks reveal that SC rents the total premise about 70 square meters.
SC is not known to host website of its own at present.
SC started its
normal operation in March, 2007.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Huang Liangliang 60
Chen Qijie 40
l
Legal representative and chairman:
Mr. Huang Liangliang, born in 1980 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 legal representative.
SC started its
normal operation in March, 2007.
SC is mainly
engaged in selling different sorts of easy open lids.
SC sources its materials 100% from
domestic market. SC sells 100% of its products to overseas market, mainly
Vietnam, Indonesia and Malaysia.
The buying terms of SC include Check, T/T and Credit of
30-60 days. The payment terms of SC include Check, 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.
Bank of China Shantou Shengping Sub-branch.
AC#：868157969908093001
Relationship:
Normal.
SC started its normal operation in March, 2007. At present,
SC’s financial reports are not available.
SC is considered small-sized in its line with a short history. Credit
dealings with SC should be confined into COD 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%)