MIRA
INFORM REPORT
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Report Date : |
12.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
DONGGUAN ZHONGTANG
XUHUI LEATHER PRODUCTS Co., Ltd. |
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Registered Office : |
Kelang Industry Zone,
Xialu Village, Zhongtang Town, Dongguan, Guangdong Province, 523239 Pr |
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Country : |
China |
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Date of Incorporation : |
February 27, 2003 |
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Com. Reg. No.: |
4419003061741 |
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Legal Form : |
Individual-Owned Enterprise |
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Line of Business : |
Engaged
in manufacturing, processing and selling leather products. |
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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
DONGGUAN ZHONGTANG
XUHUI LEATHER PRODUCTS Co., Ltd.
KELANG INDUSTRY ZONE, XIALU VILLAGE, ZHONGTANG
TOWN,
DONGGUAN, GUANGDONG PROVINCE, 523239
PR CHINA.
TEL: 86 (0) 769-88123358
FAX: 86 (0) 769-88116498
EXECUTIVE SUMMARY
INCORPORATION DATE : FEBRUARY 27, 2003
REGISTRATION NO. : 4419003061741
REGISTERED LEGAL FORM : INDIVIDUAL-OWNED
ENTERPRISE
STAFF STRENGTH : 24
REGISTERED CAPITAL : N/A
BUSINESS LINE :
MANUFACTURING
TURNOVER : N/A (AS OF DEC. 31, 2006)
EQUITIES : N/A (AS OF DEC. 31, 2006)
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : SMALL AMOUNT
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY
7.4111 = 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 individual-owned enterprise at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on February 27, 2003.
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 manufacturing and selling
leather products; importing and exporting commodities and technology (not engage in any
items prohibited by law and administrative regulations; able to engage in items
that need permit according to the regulation of laws and administrative
regulation, after obtaining the permit from relative authorities).
SC is mainly
engaged in manufacturing, processing and selling leather products.
Mr.
Zhou Ping has been manager of SC since February 2003.
SC is known to have approx. 24 staff members at
present.
SC is currently operating at the above stated address, and this
address houses its operating office and factory in the industrial zone of
Dongguan. Our checks reveal that SC rents the total premise about 2000 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 the local Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Zhou Ping 100
l
Manager:
Mr. Zhou Ping, about 32 years old. He is currently
responsible for the overall management of SC.
Working Experience(s):
From 2003 to present Working in SC as manager.
SC is mainly
engaged in manufacturing, processing and selling leather products.
SC sources its materials 90%
from domestic market, and 10% from overseas market. SC sells 80% of its
products in domestic market, and 20% 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 (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.
Bank of China Dongguan Branch Zhongtang Sub-branch.
AC#：N/A
Relationship:
Normal.
As an individual owned enterprise, SC is not required to report its
financial information to the local AIC. Therefore, SC’s financial reports are
not available.
SC’s management declined to release any financial information.
SC is considered an individual-owned enterprise in small size. Credit dealings
with SC should be confined into small amount 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%)