MIRA
INFORM REPORT
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Report Date : |
05.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
YANGQUAN SLS INTERNATIONAL TRADING CO LTD |
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Registered Office : |
3/F, Foreign Trade Building, No. 263, Taonan East Road, Yangquan , Shanxi
Province 045000 PR |
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Country : |
China |
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Date of Incorporation : |
23.08.2007 |
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Com. Reg. No.: |
140300200025982 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling non-ferrous metals and minerals. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name and
Address
YANGQUAN SLS INTERNATIONAL TRADING Co., Ltd.
3/F,
foreign trade building, no. 263, taonan east road,
yangquan,
shanxi province, 045000 PR CHINA.
TEL: 86
(0) 353-6663100
FAX: 86
(0) 353-6667200
EXECUTIVE SUMMARY
INCORPORATION DATE : august 23, 2007
REGISTRATION NO. : 140300200025982
REGISTERED LEGAL FORM
: LIMITED
LIABILITIES COMPANY
CHIEF EXECUTIVE : MR. liu
jianming (CHAIRMAN)
STAFF STRENGTH : 4
REGISTERED CAPITAL : CNY 500,000
BUSINESS LINE : TRADING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : COD TO SMALL AMOUNT
MARKET CONDITION : fair
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : fairly steady
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY
7.19 = US1$
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 Aug. 23, 2007.
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 import and export of various goods and technologies (excluding the items prohibited or limited by the country).
SC is mainly engaged in selling non-ferrous metals.
Mr. Liu Jianming has
been legal representative and chairman of SC since 2007.
SC is known to have approx. 4 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 Yangzhou. Our checks reveal that SC rents the total premise about 20 square meters.
SC is not known to host website of its own at present.
SC started its normal operation in December, 2007.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Liu Jianming 60
Chang Xiaoxia 40
Legal
representative and chairman:
Mr. Liu Jianming, 32 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 legal representative.
SC started its normal operation in December, 2007.
SC is mainly engaged in selling non-ferrous metals and minerals.
SC sources its materials 100% from domestic market. SC sells 100% of its products to overseas market, mainly Europe, India, Korea and Australia.
The buying terms of SC include Check, T/T and Credit of
30-60 days. The payment terms of SC include Check, T/T, L/C and Credit of 30-60
days.
SC is not known to have any subsidiary at present.
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.
Bank of China Yangquan Branch.
AC#：128652590478091014 (USD)
128652590478091001 (CNY)
Relationship: Normal.
SC was established in August 2007 and started normal operation at the end of 2007, so its annual financial reports are not available at present.
SC was established in 2007, and its credit has not been established yet. Credit dealings with SC are recommended under secured terms 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%)