MIRA
INFORM REPORT
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Report Date : |
21.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
Guilin Huali Heavy Industries Co., Ltd. |
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Registered Office : |
No. 1, Turong Avenue, Suqiao
Park, Guilin National Hi-Tech Zone, Guangxi Province, 541805 Pr |
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Country : |
China |
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Date of Incorporation : |
16.04.2004 |
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Com. Reg. No.: |
4503001105728 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Manufacturing, Installing and Selling Engineering Machinery &
Components |
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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
Guilin Huali Heavy Industries Co., Ltd.
NO. 1, TURONG
AVENUE, SUQIAO pARK, GUILIN NATIONAL HI-TECH ZONE, GUANGXI PROVINCE, 541805 PR
CHINA.
1
TEL: 86 (0)
773-8656808 FAX: 86 (0) 773-8656807
EXECUTIVE SUMMARY
INCORPORATION DATE : april 16, 2004
REGISTRATION NO. : 4503001105728
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH : 200
REGISTERED CAPITAL : CNY 20,000,000
BUSINESS LINE : MANUFACTURING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : small amount
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY
7.15 = 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 April 16, 2004.
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 manufacturing, installing and selling engineering machinery
& components, highway maintenance machinery, logistics machinery,
non-digging machinery, vehicle components, sugar manufacturing machinery, paper
making machinery, environment protection equipment, other food machinery and
Grade D pressure vessels.
SC is mainly
engaged in manufacturing, installing and selling engineering machinery &
components.
Mr. Liu Rongzai has been legal representative and chairman of SC since
2004.
SC is
known to have approx. 200 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
Guilin. Our checks reveal that SC owns the total premise about 150,000 square
meters.
http://www.hualizg.cn/ The design is professional and the content
is well organized. At present it is in Chinese version.
No significant events or changes were found during our
checks with the local Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Liuzhou Huali Industrial Co.,
Ltd.
75
Liuzhou Yamei Vehicle Air-conditioning Co.,
Ltd.
25
l
Legal representative and chairman:
Mr. Liu Rongzai (刘容在),
born in 1963 with university education. He is currently responsible for the
overall management of SC.
Working Experience(s):
From 2004 to present Working
in SC as chairman and legal representative.
SC is mainly
engaged in manufacturing, installing and selling engineering machinery &
components.
SC’s products mainly
include pile driving machinery and digging machinery, etc.
SC sources its materials 100%
from domestic market. SC sells 90% of its products in domestic market, and 10%
to overseas market, mainly Southeast Asian 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, 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.
Industrial & Commercial Bank of China Guilin Xicheng
Sub-branch.
AC#：2103209109201032393
Relationship:
Normal.
SC’s financial
reports are not found in local Administration for Industry and Commerce.
SC’s management declined to release any financial information.
SC is considered medium-sized in its line with a short history. Credit
dealings with SC in small amount appear acceptable.
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%)