MIRA
INFORM REPORT
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Report Date : |
17.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
XIAMEN RENCHANGRUI IMP. & EXP. CO., LTD.
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Registered Office : |
14c 158 #, North Xianghe Square, Xiamen,
Fujian Province, 361003 Pr |
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Country : |
China |
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Date of Incorporation : |
MAY 31, 2006 |
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Com. Reg. No.: |
3502002040155 |
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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 : |
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 |
NAME & ADDRESS
XIAMEN RENCHANGRUI IMP. & EXP. CO., LTD.
14C 158 #, NORTH XIANGHE SQUARE, XIAMEN,
FUJIAN PROVINCE, 361003 PR CHINA
TEL: 86 (0)
592-3879003
FAX: 86 (0) 592-2291238
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY. 31, 2006
REGISTRATION NO. :
3502002040155
REGISTERED LEGAL FORM : LIMITED LIABILITIES
COMPANY
STAFF STRENGTH :
10
REGISTERED CAPITAL :
CNY 1,600,000
BUSINESS LINE :
INTERNATIONAL TRADE
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE :
COD TO SMALL AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIR
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
CNY 7.83 = US$1 AS OF 2007-1-16
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 May 31, 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 importing and exporting various goods and
technology.
SC is mainly engaged in
international trade.
Mr. Su Jianhe has been chairman
of SC since 2006.
SC owns about 10 staff at
present.
SC is
currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Xiamen. Our checks reveal that SC
rents the total premise about 100 square meters.
SC is
not known to host website of its own.
No
significant events or changes were found during our checks with local AIC.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Su Jianhe 70
Lin Fen
30
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Chairman and General Manager:
Mr. Su
Jianhe, in his 30’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.
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Manager:
Ms. Cai Qiongqiong, in her 30’s with university education.
She is currently responsible for the daily management of SC.
Working Experience(s):
From 2006 to present Working
in SC as manager.
SC is mainly engaged in
international trade.
SC’s products mainly include:
marble, granite and tombstone.
SC sources its materials 100%
from the overseas markets mainly from Europe. SC sells 100% of its products in
domestic market.
The
buying terms of SC include Check, T/T, L/C and Credit of 30-60 days. The payment
terms of SC include T/T and Credit of 30-60 days.
Main Client:
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Qingdao Taishan Stone Co., Ltd.
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.
Agriculture
Bank of China Free Trade Zone Sub-Branch
AC#：3590710093151001
Relationship:
Normal.
Incorporated
in May 2006, SC’s financial reports are not available at present.
SC is
considered small-sized in its line with a short development history. Credit
dealings with SC are recommended under secured terms 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/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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