MIRA
INFORM REPORT
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Report Date : |
30.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHANGHAI JARI EXTRUSION PLASTIC CO., LTD. |
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Registered Office : |
3/F Building 2, No. 567 Minqiu Road, Caolu Town, Pudong,
Shanghai, 201209 Pr |
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Country : |
China |
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Date of Incorporation : |
Apr. 20, 2006 |
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Com. Reg. No.: |
310115000946965 |
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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 : |
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 : |
Usually correct |
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Litigation : |
Clear |
name & address
SHANGHAI JARI EXTRUSION PLASTIC CO., LTD.
3/F BUILDING 2, NO. 567 MINQIU ROAD, CAOLU TOWN, PUDONG,
SHANGHAI, 201209 PR CHINA
TEL : 86 (0)
21-68725716-6006
FAX : 86 (0) 21-68728716
EXECUTIVE SUMMARY
INCORPORATION DATE : APR. 20, 2006
REGISTRATION NO. : 310115000946965
REGISTERED LEGAL FORM : LIMITED LIABILITIES
COMPANY
STAFF STRENGTH :
11
REGISTERED CAPITAL : CNY 1,000,000
BUSINESS LINE :
INTERNATIONAL TRADE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : COD to small amount
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 7.39= US$1
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 Apr. 20, 2006.
Company Status: Limited liabilities co. This form of business in PR
China is defined as a legal person. No more than fifty shareholders
contribute its registered capital jointly. 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 CNY 30,000. 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 30% 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; selling electromechanical equipment and parts, chemical
products, electronic products, instruments, steel materials, building
materials, moulds, hardware and handicrafts; consulting services of the above
stated business; commercial consulting; and freight forwarding.
SC is mainly
engaged in international trade.
Mr. Xin Wensheng
has been chairman of SC since 2006.
SC is known
to have approx. 11 staff members at present.
SC is
currently operating at the above stated address, and this address houses its
operating office in Pudong New District of Shanghai. Our checks reveal that SC
rents the total premise about 200 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 local
AIC.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Lianyungang Jari Tooling Technology Co., Ltd. 60
Zhang Jizhong 1
Zhou Mi 2
Zhang Qidong 5
Zhao Jien 4
Shen Weihua 3
Long Hao 1
Zhao Gang 1
Mao Yu 1
Cai Jing 3
Xin Wensheng 5
Luo Jianjun 1
Ren Huasheng 3
Zou Lidong 1
Huang Xiaochun 1
Zhang Tao 3
Meng Daping 2
Sun Zhenhuan 2
Sun Fenglin 1
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Lianyungang Jari Tooling Technology Co., Ltd.
Add: 42 HaiLian Rd.(E), LianYungang City,
JiangSu Province, PR China
Postcode: 222006
Tel: 0086-518-5821056
Fax: 0086-518-5821685
E-mail: info@jaritooling.com
Web: http://www.jaritooling.com
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Chairman and
General Manager:
Mr. Xin Wensheng, in his 40’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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Vice General
Manager:
Mr. Zhao Jien, in his 40’s with university education. He is currently
responsible for the daily management of SC.
Working Experience(s):
From 2006 to present Working in SC as vice general manager.
SC is mainly
engaged in international trade.
SC’s products
mainly include: manufacturing lines of plastic pipes, plastic proximate matters
and plastic sheets.
SC sources its materials
100% from domestic market. SC sells 100% of its products to the overseas
market, mainly American and European countries.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include T/T, L/C and Credit of 30-60 days.
*Major Supplier:
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Shanghai Jari Extrusion Technology Co., Ltd.
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’s suppliers
declined to make any comments.
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 refused to
release any information about its bank.
SC’s financial reports are not found during our checks with local AIC.
SC’s management declined to release any financial information.
SC is considered small-sized in its line with a short operating history.
Credit dealings with SC are recommended under secured terms.
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%)