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MIRA
INFORM REPORT
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Report Date : |
19.09.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Room 401-402 |
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Country : |
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Date of Incorporation : |
04.05.2007 |
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Com. Reg. No.: |
4503051106219 |
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Legal Form : |
One-Person Limited Liability Company |
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Line of Business : |
Engaged in International Trade |
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 |
COMPANY NAME &
ADDRESS
Room 401-402
TEL: 86 (0) 773-2810188
FAX: 86 (0) 773-2810188
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY 4, 2007
REGISTRATION NO. : 4503051106219
REGISTERED LEGAL FORM : ONE-PERSON LIMITED
LIABILITY COMPANY
CHIEF EXECUTIVE : MR. PAN YIXUAN (CHAIRMAN)
STAFF STRENGTH :
40
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 :
NOT
YET DETERMINED
RECOMM.
MARKET CONDITION : average
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 7.52= US$1 AS OF
Adopted
abbreviations:
ANS - amount not stated
NS - not stated SC - subject
company (the company inquired by you)
NA - not available
CNY -
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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 May 4, 2007.
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 importing and exporting various
goods and technology.
SC is mainly engaged in international trade.
Mr. Pan Yixuan has been chairman of SC since 2007.
SC is known to have approx. 40 staff members at present.
SC is currently operating at the above stated address, and this address
houses its operating office in the commercial zone of Guilin. Our checks reveal
that SC rents the total premise about 150 square meters.
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SC is not known to host website of its own at present.
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No significant events or changes were found during our checks with local
AIC.
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MAIN SHAREHOLDERS:
Name
%
of Shareholding
Pan Yixuan 100
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Chairman and General Manager:
Mr. Pan Yixuan , in his
Working Experience(s):
From 2007 to present Working
in SC as chairman and general manager.
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SC is mainly engaged in international trade.
SC’s products mainly include: high-tech electronic products, high quality
daily supplies, household goods, computer software, medicine & health care
products, gifts & handicrafts, textiles & leather, hardware &
machinery.
SC is now developing Southeast Asian, American and European market. It
has only a little business at present.
SC purchases products in the fields of construction, energy source,
chemicals, medicine, high technical product, agriculture, light industry and
natural resources, etc.
SC sources its materials 100% from domestic market. SC sells 100% of its
products to the overseas market, mainly Southeast Asian, 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.
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SC is not known to have any subsidiary at present.
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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 refused to
release any information of its suppliers and the trade reference
was not available.
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.
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Industrial and Commercial Bank of
AC#：N/A
Relationship:
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Incorporated as a new company in May 2007, SC’s financial reports are
not available at present.
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SC was established recently in a small size, and its credit has not been
established yet. 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%)