MIRA INFORM REPORT
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Report Date : |
23.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
BEIJING EARLYBIRD INDUSTRY DEVELOPMENT CO LTD |
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Registered Office : |
RM 802 Zizhu Plaza, 44 Honglian Nancun, Haidian District, Beijing, 100088 Pr |
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Country : |
China |
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Date of Incorporation : |
16.04.2008 |
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Com. Reg. No.: |
110108010956165 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
International
Trade. |
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
Beijing Earlybird Industry Development Co.,
Ltd.
Rm 802 Zizhu Plaza, 44 Honglian Nancun, Haidian
District,
beijing, 100088 PR CHINA
44 802
TEL: 86 (0) 10-62256312 FAX: 86 (0) 10-62258031
EXECUTIVE SUMMARY
INCORPORATION DATE : april 16, 2008
REGISTRATION NO. : 110108010956165
REGISTERED LEGAL FORM : Limited liabilities
company
STAFF STRENGTH :
5
REGISTERED CAPITAL : CNY 500,000
BUSINESS LINE :
trading
TURNOVER :
n/a
EQUITIES :
n/a
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : cod
MARKET CONDITION : fair
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : n/a
GENERAL REPUTATION : average
EXCHANGE RATE :
CNY6.82 = 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
Note: The given address (RM 905 Building 9 B J indlan
Harden 9 W Enhuiyuan North Road Haidian District Beijing) was SC’s former
address.
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, 2008.
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 importing and exporting goods and technology, not to engage
in any items prohibited by laws, administrative regulation and State Council;
able to engage in items that needs permit according to the regulation of the
State Council, after obtaining the permit from relative authorities and the
registration in the AIC; and select to deal with any items that do not
need any permit.)
SC is mainly
engaged in international trade.
Mr. Wang Junqiang
has been chairman of SC since 2008.
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 commercial zone of Beijing. Our checks reveal that SC
rents the total premise about 50 square meters.
http://www.earlybd.com
The design is professional and the content is well organized. At present the
web site is both in Chinese and English versions.
E-mail: info@earlybd.com
No significant events or changes were found during our checks with the
local Administration for Industry & Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Wang Junqiang 80
Chen Liyun 20
l
Chairman and General Manager:
Mr. Wang Junqiang, 38 years old with university education. He is
currently responsible for the overall management of SC.
Working Experience(s):
From 2008 to present Working
in SC as chairman and general manager.
l
Director:
Chen Liyun (ID number: 120223197202020187)
SC is mainly
engaged in international trade.
SC’s products
mainly include: pharmaceutical raw material, food ingredient and chemical
intermediate.
SC sources its materials 50% from domestic
market, and 50% from overseas market, mainly USA and Europe. SC sells 50% of
its products in domestic market, and 50% to overseas market, mainly Southeast
Asian market.
The buying terms of SC include T/T, L/C and Credit of 30-60 days. The
payment terms of SC include 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.
SC declined to
release its bank details.
SC was established recently in 2008 and its financial reports are not
available at present.
SC was established recently in a small size, 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.42.33 |
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UK Pound |
1 |
Rs.84.32 |
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Euro |
1 |
Rs.66.75 |
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%)