MIRA
INFORM REPORT
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Report Date : |
08.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
TIANJIN HANZHONG
INTERNATIONAL TRADE Co., Ltd. |
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Registered Office : |
Room 513, Jinbin
Building, No.2, No. 1 Street, Development Zone, Tianjin, 300457 Pr |
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Country : |
China |
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Date of Incorporation : |
January 4, 2007 |
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Com. Reg. No.: |
120191000007827 |
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Legal Form : |
One-Person Limited Liability
Company |
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Line of Business : |
Engaged in trading
chemical products and grain. |
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 : |
New & Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
TIANJIN HANZHONG
INTERNATIONAL TRADE Co., Ltd.
room 513, jinbin BUILDING, NO.2, NO. 1 STREET,
DEVELOPMENT ZONE , TIANJIN, 300457 PR CHINA.
TEL: 86 (0) 22-59823269
FAX: 86 (0) 22-59823265
EXECUTIVE SUMMARY
INCORPORATION DATE : JANUARY 4, 2007
REGISTRATION NO. : 120191000007827
REGISTERED LEGAL FORM : ONE-PERSON LIMITED LIABILITY COMPANY
STAFF STRENGTH : 5
REGISTERED CAPITAL : CNY 2,000,000
BUSINESS LINE : TRADING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT :
NOT YET DETERMINED
RECOMM. CREDIT RANGE : COD TO SMALL AMOUNT
MARKET CONDITION : FAIR
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY
7.424 = 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 one-person limited liability company at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on January 4, 2007.
Company Status: One-person
Limited Liability Company Single person LLC refers to a limited
liability company set up by only one natural person or legal person as the
single shareholder of it. The minimum registered capital
of Single person LLC is CNY100,000. The shareholder’s capital contributes,
as set out by the articles of associations should be a lump-sum payment in
full. One natural person can only
invest in and set up one limited liability company, which is not permitted
to invest in and set up a new Single person LLC. As to any one-person limited
liability company, the sole-investor nature of the natural person or legal
person shall be indicated in the registration documents of the company and
shall be indicated in the business license thereof as well. The regulation of Single person
LLC should be set up by the shareholder The regulation of Single person
LLC has no shareholder meeting.
SC’s registered
business scope includes wholesaling and retailing mechanical equipment
fittings, pig iron, iron ore, chemical products (excluding
hazardous chemicals and poisonous chemicals), steel products, electric equipment, machinery
& electrical products, hardware products, building materials, instruments and meters; domestic
freight and multi-modal combined transportation; developing and transferring
machinery & electrical technology; commerce information consultant services; importing and exporting commodities and
technologies (excluding the items prohibited by the state); selling
grain, legume; according to the regulations as to the
specially operated, controlled and monopolized commodities.
SC is mainly
engaged in trading chemical products and grain.
Mr. Zhang Dong has been legal representative of SC since 2007.
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 and head office in the commercial zone of
Tianjin. Our checks reveal that SC rents the total premise about 30 square
meters.
SC is not known to host website of its own at present.
SC started its normal operation in June of 2007.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Lv Yan 100
l
Legal representative:
Mr. Zhang Dong He is currently responsible for the overall
management of SC.
Working Experience(s):
From 2007 to present Working in SC as legal representative.
SC is mainly engaged
in trading chemical products and grain.
SC was established
in January 2007, and it started its normal operation in June.
SC sources its materials 50%
from domestic market, and 50% from overseas market. SC sells 50% of its
products in domestic market, and 50% to overseas market.
The buying terms of SC include Check, T/T, L/C 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 ( ) 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 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.
China Construction Bank
AC#：N/A
Relationship:
Normal.
SC was
established in 2007, so its financial reports are not available at present.
SC is considered small-sized in its line with a short history, and its
credit has not been established yet. 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. |
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%)