MIRA
INFORM REPORT
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Report Date : |
14.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
shanghai junjing industrial co., ltd. |
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Registered Office : |
No. 73, Lane 669, Wan’an Road Shanghai
200081 Pr |
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Country : |
China |
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Date of Incorporation : |
24.06.2008 |
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Com. Reg. No.: |
310109000484486 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Until now, Subject has not started its normal business, and
it is expected to mainly engage in Selling Cosmetics. |
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
shanghai junjing industrial co., ltd.
no. 73, lane 669,
wan’an road
shanghai 200081 PR
CHINA
TEL: 86 (0)
13524919935 FAX: 86 (0)
21-51295500-1088
EXECUTIVE SUMMARY
INCORPORATION DATE : jun.
24, 2008
REGISTRATION NO. :
310109000484486
REGISTERED LEGAL FORM : LIMITED
LIABILITIES COMPANY
STAFF STRENGTH :
3
REGISTERED CAPITAL : CNY 500,000
BUSINESS LINE : TRADING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
NOT YET DETERMINED
RECOMM. CREDIT RANGE : COD
MARKET CONDITION : FAIR
FINANCIAL CONDITION :
UNDETERMINED
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY
6.86 =USD 1
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 limited liabilities company at local
Administration for Industry & Commerce (AIC - The official body of issuing and
renewing business license) on Jun. 24, 2008.
Company
Status: Limited Liability Company 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 selling cosmetics;
importing and exporting commodities & technology; conference and exhibition
services.
Until
now, SC has not started its normal business yet.
Mr. Xue
Yunlin has been chairman of SC since June of 2008.
SC is
known to have approx. 3 employees at present.
SC is
currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Shanghai. 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.
E-mail: hfxue2006@yahoo.com.cn
According to SC’s manager Mr. Ge, SC has not started in business
normally till now.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Xue Yunlin 90
Lin Bin 10
l
Chairman and General Manager:
Mr. Xue Yunlin, in his 30’s with university
education. He is currently responsible for the overall management of SC.
Working Experience(s):
Since June of 2008 Working in SC as chairman and
general manager.
Supervisor:
Lin Bin
Until now, SC has not started its normal business, and it is
expected to mainly engage in selling cosmetics.
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 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.
SC’s management
declined to release its bank information.
SC was established
recently in 2008, so the financial records are not available at present.
SC was established recently in 2008, and its credit has not been
established yet. Credit should be extended under guarantee, and COD is recommended.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.67 |
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UK Pound |
1 |
Rs.80.92 |
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Euro |
1 |
Rs.63.71 |
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%)