MIRA
INFORM REPORT
|
Report Date : |
14.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
CHINESE HORIZON LIMITED. |
|
|
|
|
Registered Office : |
4B Building 7#, Julong Garden, Gongtixilu, Beijing, 100026
Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Date of Incorporation : |
FEB. 23, 2004 |
|
|
|
|
Com. Reg. No.: |
1101012647093 |
|
|
|
|
Legal Form : |
Individual-Owned Enterprise |
|
|
|
|
Line of Business : |
Engaged in Chinese language education. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
name & address
CHINESE HORIZON LIMITED.
4B BUILDING 7#, JULONG GARDEN, GONGTIXILU,
BEIJING, 100026 PR CHINA
TEL: 86 (0) 10-65085358
FAX: 86 (0) 10-65518920
EXECUTIVE SUMMARY
INCORPORATION DATE : FEB. 23, 2004
REGISTRATION NO. : 1101012647093
REGISTERED LEGAL FORM : INDIVIDUAL-OWNED
ENTERPRISE
STAFF STRENGTH :
3
REGISTERED CAPITAL : CNY 30,000
BUSINESS LINE :
TRAINING
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 7.75= US$1 AS OF 2007-3-14
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 an individual owned enterprise at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on Feb. 23, 2004.
Company Status: Individual-owned enterprise This form of business in PR
China is a privately owned individual or family enterprise, which does not
have legal person or limited status. The individual-owned enterprises are
usually located in urban area and are permitted to adopt a business name
& engage in retail, service, transportation & manufacturing
business
SC’s registered business scope includes not to engage in any items prohibited by laws, administrative regulation and State Council; able to engage in items that need permit according to the regulation of the State Council, after obtaining the permit from relative authorities and the registration in the AIC; and select to deal with any items that do not need any permit.
SC is mainly engaged in Chinese language education.
Ms. Zhu Xinhui has
been chairman of SC since 2004.
SC owns about 3
staff at present.
SC is
currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Beijing. Our checks reveal that SC
rents the total premise about 100 square meters.
http://www.chinesehorizon.com
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-Mail: contact@chinesehorizon.com
No significant events or changes were found during our checks with local
AIC.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Zhu Xinhui 100
CEO: Helen Huibin Zhu (Chinese)
Founder of the business, business and course designer, and main teaching material writer; A popular Mandarin teaching instructor in Beijing for more than 7 years, Bachelor of Economics of University of International Business and Economics(UIBE) in China, and an MBA graduate from Brighton University (UK). Four years' work experience in China General Customs Administration, and years of marketing experience.
Academic Adviser: Simon Buckland (British)
Co-designer of the online and offline curriculum, and English Adviser on teaching materials. B.A. in English from Oxford University, M Sc in Knowledge-based Systems from Sussex University (UK). 25 years' work experience in the language teaching field, former Course Author for Wall Street Institute, currently Curriculum Adviser at Wall Street Institute in China, and English language curriculum advisor for Chinese universities, appointed by the Ministry of Education of China
Chief Financial Adviser: Elisa Aihua Wu (Chinese)
Bachelor of Business Administration (International Business)-UIBE, Beijing, Master of International Management (International Financial Management)- American Graduate School of International Management, MBA (International Financial Management)-University of British Columbia, Canada. Associate Professor at UIBE since 1995, CFO for Zhaodaola Internet Co.Ltd. 2000-2001
SC is mainly engaged in Chinese language education.
Chinese Horizon provides professional
Chinese language and culture training to non-native speakers through
face-to-face and online interactive teaching.
Chinese Course Information
Daily Chinese - 54 dialogues, 6 levels
(Beginner to Intermediate):
Focus on listening and speaking practice.
Learn to use up-to-date practical language for dealing with common daily and
work situations.
Elite Chinese - 54 topics, 6 levels
(Intermediate to Advanced):
Listening and speaking, plus reading and
writing practice. Learn to describe situations more accurately and communicate
more fluently.
Chinese
Horizon in London:
Course location:
Malvern House, 29 John Adam Street, WC2N 6HX (Near Charing Cross Station)
Contact
Number: +44 020 72678823
Ms. Zhu
refused to release the registered information of the Hong Kong company
(registered number: 34246513-000-01-07-7; the incorporation number: 881145).
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.
SC’s management
refused to release any bank details.
SC was registered as an individual owned enterprise and it is not required
to report its financial information to the local AIC. So its financial reports
are not available.
SC was a small-sized individual owned enterprise with a short operating history.
Great caution is required in providing credit to SC & COD is recommended.
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%)