MIRA
INFORM REPORT
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Report Date : |
26.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
Dongguang Dingsheng Packing Machinery Manufacture Factory |
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Registered Office : |
No. 36, Mianfang Road, Dongguang County, Cangzhou, Hebei Province, 061600
Pr |
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Country : |
China |
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Date of Incorporation : |
22.03.2007 |
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Com. Reg. No.: |
130923200001089 |
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Legal Form : |
Sole Proprietorship Enterprise |
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Line of Business : |
Processing and Selling Packing Machinery. |
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
Dongguang Dingsheng Packing Machinery Manufacture Factory
NO. 36, MIANFANG ROAD,
DONGGUANG COUNTY,
CANGZHOU, HEBEI
PROVINCE, 061600 PR CHINA.
TEL: 86 (0)
317-7724831 FAX: 86 (0) 317-7727444
EXECUTIVE SUMMARY
INCORPORATION DATE : march 22, 2007
REGISTRATION NO. : 130923200001089
REGISTERED LEGAL FORM : Sole Proprietorship enterprise
STAFF STRENGTH :
10
REGISTERED CAPITAL : CNY 500,000
BUSINESS LINE :
PROCESSING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : COD TO SMALL AMOUNT
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : fairly steady
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY
6.82 = 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 Sole Proprietorship enterprise at
local Administration for Industry & Commerce (AIC - The official body of
issuing and renewing business license) on March 22, 2007.
Company Status: Sole Proprietorship enterprise This
form of business in PR China is a private enterprise formed by an
individual, which does not have the legal person or limited liability
status. The co. is solely operated by the sole investor who is responsible
for all risks & liabilities of the co.
SC’s registered
business scope includes processing and selling packing machinery and machinery;
importing and exporting business.
SC is mainly
engaged in processing and selling packing machinery.
Mr. Wang Wenxiang
has been legal representative and chairman of SC since 2007.
SC is known
to have approx. 10 employees 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 Dongguang. Our checks
reveal that SC owns the total premise about 5, 000 square meters.
www.hbdsjx.com The design is professional and the content
is well organized. At present it is in both Chinese and English versions.
Email: hbdsjx@vip.163.com
No significant events or changes were found during our checks with the local
Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Wang Wenxiang 100
l
Chairman and General manager:
Mr. Wang Wenxiang, ID # 130923720218007, 36 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 general manager.
SC is mainly
engaged in processing and selling packing machinery.
SC’s products
mainly include double layer glue machine, single facer, adsorb type single
facer, cover adsorb single facer, and so on.
Dingsheng machinery mainly produces corrugating carton machine.
Beginning of established, on the basis of nation corrugating cardboard
producing equipment actuality, fetch in advance technology from oversea, now
developed exploit age produced one series products, reached much higher
quality, obtain user’ good comment abroad.
SC sources its materials 100% from domestic
market. SC sells 80% of its products in domestic market, and 20% 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.
SC’s management declined
to release its bank details.
As a sole
proprietorship there is no legal requirement according to local corporate law
for public disclosure of detailed financials.
SC is considered small-sized in its line with a short history. Credit
dealings with SC are recommended under secured terms at present.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.30 |
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UK Pound |
1 |
Rs.84.03 |
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Euro |
1 |
Rs.66.42 |
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%)