MIRA
INFORM REPORT
|
Report Date : |
16.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
SHIJIAZHUANG XINGFUWANG
COMMERCIAL TRADE CO., LTD. |
|
|
|
|
Registered Office : |
No. 98, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
Mar. 23, 2006 |
|
|
|
|
Com. Reg. No.: |
1301002043160 |
|
|
|
|
Legal Form : |
Limited Liabilities Company |
|
|
|
|
Line of Business : |
Engaged in selling
machinery equipment. |
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/normal. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
name & address
shijiazhuang
xingfuwang commercial trade co., ltd.
NO. 98,
TEL
86 (0) 311-87015686
FAX
86 (0) 311-87012556
EXECUTIVE SUMMARY
INCORPORATION DATE : mar. 23, 2006
REGISTRATION NO. : 1301002043160
REGISTERED LEGAL FORM : limited liabilities
company
STAFF STRENGTH :
12
REGISTERED CAPITAL : cny500,000
BUSINESS LINE :
trading
TURNOVER :
n/a
EQUITIES :
n/a
PAYMENT :
average
RECOMM.
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : undetermined
OPERATIONAL TREND : steady
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 7.58 = US$1 AS OF
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY -
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 Mar. 23, 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 glassware, hardware, mechanical products, building
materials, knit goods, textile, and porcelain; importing and exporting
commodity & technology.
SC is mainly
engaged in selling machinery equipment.
Mr. Shen Lijun has
been chairman of SC since 2006.
SC owns about 12
staff at present.
SC is currently
operating at the above stated address, and this address houses its operating
office in the commercial zone of Shijiazhuang. Our checks reveal that SC rents
the total premise about 100 square meters.
http://www.zgsjzxfw.com The design is
professional and the content is well organized. At present it is both in
Chinese and English versions.
SC was established in 2006, but started its business normally in 2007.
MAIN SHAREHOLDERS:
Name % of Shareholding
Shen Lijun 60
Xiong Changyun 40
l
Chairman and
General Manager:
Mr. Shen Lijun, in his
Working Experience(s):
From 2006 to present Working in SC as chairman and general manager.
SC is mainly
engaged in selling machinery equipment.
SC was established in 2006, but started its business normally in 2007.
SC’s products mainly include: machinery and
other components.
SC sources its materials 5% from overseas
markets, and 95% from domestic market, mainly
The buying terms of SC include T/T, L/C and Credit of 30-60
days. The payment terms of SC include T/T and Credit of 15-30 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.
Agricultural Bank of
AC#：N/A
Relationship:
SC established
in 2006, but started its business normally in 2007, so its annual financial
reports are not available at present.
SC was established in 2006, but started its normal business recently in
2007, and its credit has not been established yet. Credit dealings with SC are
recommended under secured terms 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/normal. |
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%)