MIRA
INFORM REPORT
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Report Date : |
27.10.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Zhujiazhuang, |
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Country : |
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Date of Incorporation : |
21.02.2006 |
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Com. Reg. No.: |
130182000002994 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Engaged in Processing and Selling Sesame Products |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME & ADDRESS
ZHUJIAZHUANG,
TEL: 86 (0) 311-88095999
FAX: 86 (0) 311-88095746
EXECUTIVE SUMMARY
INCORPORATION DATE : FEBRUARY 21, 2006
REGISTRATION NO. : 130182000002994
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
CHIEF EXECUTIVE : MR. ZHAO YANHUA (CHAIRMAN)
STAFF STRENGTH : 20
REGISTERED CAPITAL : CNY 8,000,000
BUSINESS LINE : TRADING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : AVERAGE
RECOMM.
MARKET CONDITION : FAIR
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 7.51 = US1$
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY -
Note: The given contact information (telephone number and address) belongs to SC’s Shijiazhuang Branch Office.
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 February 21, 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 processing and selling sesame series products; selling miscellaneous cereals and edible oil; import and export of various goods and technologies.
SC is mainly engaged in processing and selling sesame products.
Mr. Zhao Yanhua has been legal representative and chairman of SC since 2006.
SC is known to have approx. 20 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 Gaocheng. Our checks reveal that SC rents the total premise about 1,000 square meters.
http://www.hbxlzm.com/ The design is professional and the content is well organized. At present it is in both Chinese and English versions.
Email: hbxlzm@163.com
SC’s former license number was 1301822001170, it has been changed to 130182000002994.
MAIN SHAREHOLDERS:
Name % of Shareholding
Zhao Yanhua 50
Zhao Yangang 50
Legal representative and General manager:
Mr.
Working Experience(s):
From 2006 to present Working in SC as chairman and general manager.
SC is mainly engaged in processing and selling sesame products.
SC’s products mainly include hulled sesame seeds, washed black sesame seeds and sesame powder, etc.
SC sources its materials 100% from domestic market. SC sells 100% of its products in domestic market.
The buying terms of SC include Check, T/T and Credit of 30-60
days. The payment terms of SC include Check, T/T and Credit of 30-60 days.
Address: RM
Tel: 86(0)311-85289555/85839666
Fax: 86(0)311-85832346
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.
SC’s management declined to release its bank details.
SC’s financial reports are not available in the local Administration for Industry and Commerce.
SC’s management declined to release any financial information.
SC is considered small-sized in its line with a short history. 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%)