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MIRA
INFORM REPORT
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Report Date : |
09.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
WINSWAY (GROUP)
ENTERPRISES LTD |
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Registered Office : |
Avenida da Praia Grande N
s 762 a 804 China Plaza 18 andar A em |
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Country : |
Macau |
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Date of Incorporation : |
1995 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of Petroleum and
Chemical Products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
WINSWAY (GROUP) ENTERPRISES LTD
Avenida da Praia Grande N s 762 a 804 China Plaza 18 andar A em Macau
Tel : 28711666
Fax : 28711677
Legal
form
Private limited company –
according to the law of Macau
Founded
1995
Trade
register License number/s
10411(SO)
Registered at the
Conservatoria Dos Registos Comercial E De Bens Moveis
Shareholders
Xing-chun Wang / Jianping Bai 98
%
Alameda Dr. Carlos D'Assumpcao, Vista Magnifica Court, 13 andar M, N. O
e P, Macau
Xiaoli Wang 2%
Cidade Pequim, Zhao Yang
Qu, Shan Yuan Li Jie, n 2-3-503, China.
Share capital nominal MOP 1.000.000,-
issued/paid up MOP 1.000.000,-
Management
Mr Xing-chun Wang, chairman
Married with Jianping Bai
Alameda Dr. Carlos D'Assumpcao, Vista Magnifica Court, 13 andar M, N. O
e P, Macau.
Ms Xiaoli Wang
Cidade Pequim, Zhao Yang
Qu, Shan Yuan Li Jie, n 2-3-503, China.
General
The company is engaged in trading
of petroleum and chemical products.
Staff
4 employees.
Turnover
Details are not available.
Real
estate
Subject owns no real estate
property as far as we could gather.
Finances
Due to the closed character of the company no financial data is
available.
As a private
limited company, no official financial statement is required to be publicly
disclosed.
Remarks
Import:
Japan, Korea, Middle East, Russia, North America, Europe and the PRC.
Export:
PRC
The company's products are mainly sold to the PRC market.
Company Name in Portugues:
Grupo Winsway Empreendimento Commercial Limitada
Subject is specialized in trading of petroleum and chemical products.
Detailed Product specifications*
Items available include:
Olefins, Aromatics, Intermediates, Solvents, Polymers, Fine chemicals
Comprise naphtha, Condensate, Feedstocks, Middle distillates, VGO/LSWR,
Fuel oil, Coal
Affiliated
companies:
Qinhuangdao
Winsway Petroleum Co Ltd, China
Nanjing Jinhui
Warehouse & Transport Co Ltd, China
Manzhouli Haitie
Winsway Storage & Transportation Co Ltd, China
Erlianhaote Hutie
Winsway Petroleum & Chemicals Co Ltd, China
Tianjin Winsway
Chemicals Transporting Co Ltd, China
Zhejiang Chenghui
Chemicals Co Ltd, China
Nantong Winsway
Petroleum & Chemicals Co Ltd, China
Nantong Hopewell
Petroleum & Chemicals Co Ltd, China
A company styled Winsway International
Petroleum and Chemicals Ltd as such does not excist/is not registered.
Bankers
BANK OF CHINA
Mode
of Payment
No complaints on record.
Credit
opinion
No objections against
entering into a business relationship.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.16 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.95 |
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%)