MIRA
INFORM REPORT
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Report Date : |
2nd
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
ZIBO JINMAO
CERAMICS CO., LTD. |
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Registered Office : |
No. 9 Jinding Garden, Renmin Road, Zibo, Shandong Province,
255000 Pr China |
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Country : |
China |
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Date of Incorporation : |
09.06.2006 |
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Com. Reg. No.: |
370300280968 |
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Legal Form : |
Limited
Liabilities Company |
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Line of Business : |
Engaged in import and export
business. |
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 : |
New
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name & Address
ZIBO JINMAO CERAMICS CO., LTD.
NO. 9 JINDING GARDEN, RENMIN ROAD, ZIBO, SHANDONG PROVINCE, 255000
PR CHINA
TEL :
86 (0) 533-3182701
FAX :
86 (0) 533-3182701
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUN. 9, 2006
REGISTRATION NO. :
370300280968
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH :
8
REGISTERED CAPITAL :
CNY 600,000
BUSINESS LINE :
INTERNATIONAL TRADE
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
N/A
RECOMM. CREDIT RANGE :
COD TO SMALL AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
CNY 7.77= US$1 AS OF 2007-2-2
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY - China Yuan Ren Min Bi
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 Jun. 9, 2006.
Company Status: Limited liabilities co. This form of
business in PR China is defined as a legal person. 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 listed as follows: -manufacturing
co. : CNY 500,000.00 -trading
&wholesaling co. : CNY 500,000.00 -retailing co. : CNY 300,000.00 -consultancy &
service co. : CNY 100,000.00 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 50% of the registered capital
while contribution by intangible assets must not exceed 20% 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 building materials and decoration
materials; importing and exporting various kinds of goods.
SC is mainly engaged in import and
export business.
Ms. Zou Shuli has been chairman of SC since 2006.
SC owns about 8 staff at present.
SC is
currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Zibo. 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.
No
significant events or changes were found during our checks with local AIC.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Zou Shuli 100
l
Chairman and General Manager:
Ms. Zou
Shuli, in her 30’s with university education. She 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 import
and export business.
SC’s products mainly include:
ceramics dressed bricks and archaize bricks.
According to its management, SC
has little business at present.
SC sources its materials 100%
from domestic market. SC sells 100% of its products to the overseas markets,
mainly Europe.
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
not known to have any subsidiary at present.
Overall
payment appraisal :
( ) Excellent ( ) Good (
) Average ( ) Fair
( ) Poor (X) 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.
Bank of
China Zhangdian Sub-Branch
AC#：33066070061003375
Relationship:
Normal.
SC was
established recently in Jun. 2006, so its financial reports are not available
at present.
SC was
established recently in a small size, and its credit has not been established
yet. 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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