MIRA
INFORM REPORT
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Report Date : |
13.10.2007 |
IDENTIFICATION DETAILS
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Name : |
FOSHAN YINHE
MOTORCYCLE INDUSTRY Co., Ltd. |
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Registered Office : |
No. 8, Beiwei
Industrial Zone, Xihai, Beijiao Town, Shunde District, Foshan, Guangdong Province,
528311 Pr |
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Country : |
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Date of Incorporation : |
December 29, 2006 |
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Com. Reg. No.: |
4406061000827 |
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Legal Form : |
One-Person Limited Liability
Company |
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Line of Business : |
The company will
be mainly engaged in manufacturing and selling motorcycle and vehicle parts. |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
FOSHAN YINHE
MOTORCYCLE INDUSTRY Co., Ltd.
NO. 8, BEIWEI INDUSTRIAL ZONE, XIHAI, BEIJIAO TOWN,
SHUNDE DISTRICT, FOSHAN, GUANGDONG PROVINCE, 528311 PR CHINA
TEL :
86 (0) 757-26603670
FAX :
86 (0) 757-26603671
EXECUTIVE SUMMARY
INCORPORATION DATE : december 29, 2006
REGISTRATION NO. : 4406061000827
REGISTERED LEGAL FORM : ONE-PERSON LIMITED LIABILITY COMPANY
STAFF STRENGTH : 1
REGISTERED CAPITAL : CNY 100,000
BUSINESS LINE : MANUFACTURING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : not yet determined
RECOMM.
MARKET CONDITION : N/A
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : fairly steady
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY
7.50 = US1$
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 One-Person Limited Liability Company at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on December 29, 2006.
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
CNY 100,000. 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 manufacturing motorcycle and vehicle components; operating raw
materials needed in its production.
SC has not started its normal
operation yet. According to the management of
Mr. Fan Yifan has been legal representative and chairman of SC since
2006.
SC is
known to have approx. 1 staff members at present.
SC is currently operating at the above stated address, and this address
houses its operating office in the industrial zone of Foshan. SC is
constructing its factory now, so the total premise area is not available.
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
Guangdong Yinhe Motorcycle Group
Co., Ltd. 100
Guangdong Yinhe Motorcycle Group
Co., Ltd. is a production enterprise of national motorcycle industry; and it is
a joint venture of
l
Legal representative and General manager:
Mr. Fan Yifan, in his
Working Experience(s):
From 2006 to present Working in SC as chairman and general manager.
SC has not started its normal
operation yet. According to the management of
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.
SC’s management
declined to release its bank details.
SC was established in December 2006, and its annual
financial reports of 2007 are not available at present.
SC was established in December 2006, and its credit has not been
established yet. COD is recommended in dealing with SC 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%)