MIRA
INFORM REPORT
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Report Date : |
02.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
xiantao jinbo commercial trading co., ltd. |
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Registered Office : |
Group 2 of Hewan Village, Longhuashan,
Xiantao, Hubei Province, 433000 Pr |
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Country : |
China |
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Date of Incorporation : |
28.08.2007 |
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Com. Reg. No.: |
429004000005475 |
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Legal Form : |
One-Person Limited Liability Company |
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Line of Business : |
Selling Chemical 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 : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
xiantao jinbo commercial trading co., ltd.
group 2 of hewan
village, longhuashan, xiantao,
hubei PROVINCE,
433000 PR CHINA
TEL: 86 (0)
728-3273064 FAX: 86 (0)
728-3273086
EXECUTIVE SUMMARY
INCORPORATION DATE : AUGUST 28, 2007
REGISTRATION NO. : 429004000005475
REGISTERED LEGAL FORM : One-person Limited
Liability Company
STAFF STRENGTH :
5
REGISTERED CAPITAL : CNY 200,000
BUSINESS LINE :
trading
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : cod to small amount
MARKET CONDITION :
average
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : fairly STEADY
GENERAL REPUTATION : average
EXCHANGE RATE :
CNY6.84 = USD1
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 one-person limited liability company
at local Administration for Industry & Commerce (AIC - The official body of
issuing and renewing business license) on August 28, 2007.
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 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 selling starch and dyeing auxiliaries; international
trade.
SC is mainly
engaged in selling chemical products.
Mr. Wang Youbing
has been chairman of SC since 2007.
SC is known to
have approx. 5 employees at present.
SC is
currently operating at the above stated address, and this address houses its
operating office in the industrial zone of Xiantao. Our checks reveal that SC
rents the total premise about 80 square meters.
SC is not known to host web site of its own at present.
SC started its normal
operation in 2008.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Wang Youbing 100
l
Chairman and General Manager:
Mr. Wang Youbing, about 35 years old with university education. He is
currently responsible for the overall management of SC.
Working Experience(s):
From 2007 to present Working
in SC as chairman and general manager.
SC is mainly
engaged in selling chemical products.
SC started its
normal operation in 2008.
SC’s products
mainly include: dyeing auxiliaries.
SC sources its materials 60% from domestic market,
and 40% from overseas market, mainly Southeast Asian market. SC sells 100% of
its products in domestic market, mainly Hubei.
The buying terms of SC include Check, T/T, L/C and Credit of 30-60 days.
The payment terms of SC include T/T and Credit of 30-60 days.
Foshan
Office:
Address:
6-23# West Town Comprehensive Wholesale Market,Foshan 528051, Guangdong
Contact
Person: Ms. Carol/Mr. Liu Jinchen
Mobile
No: +86 13590620702
Tel: +86
757 82120568
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 records
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.
Industrial and Commercial Bank of China Xiaotao Branch
AC#N/A
Relationship:
Normal.
SC started its normal operation in 2008, and its financial reports are
not available at present.
SC is considered small-sized in its line with a short history. Credit
dealings with SC are recommended under secured terms at present.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.37 |
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UK Pound |
1 |
Rs.84.00 |
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Euro |
1 |
Rs.65.96 |
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%)