MIRA
INFORM REPORT
|
Report Date : |
12.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ANHUI TONGHUI PERFUME CO., LTD. |
|
|
|
|
Registered Office : |
No. 53, Fangyuanzhong, Qiaocheng District,
Bozhou City Anhui Province
236816 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Date of Incorporation : |
12.12.2005 |
|
|
|
|
Com. Reg. No.: |
3412812302266 |
|
|
|
|
Legal Form : |
Sole Proprietorship Enterprise |
|
|
|
|
Line of Business : |
Manufacturing and Selling Perfume. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
usd 10,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
ANHUI TONGHUI PERFUME CO., LTD.
no. 53,
fangyuanzhong, Qiaocheng district, bozhou city
anhui PROVINCE
236816 PR CHINA
53
TEL: 86 (0)
558-5121578 FAX: 86 (0)
558-5116078
EXECUTIVE SUMMARY
INCORPORATION DATE : dec. 12, 2005
REGISTRATION NO. : 3412812302266
REGISTERED LEGAL FORM : sole proprietorship
enterprise
STAFF STRENGTH :
198
REGISTERED CAPITAL : CNY 3,800,000
BUSINESS LINE :
manufacturing
TURNOVER :
n/a
EQUITIES :
n/a
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO usd 10,000
MARKET CONDITION : average
FINANCIAL CONDITION : undetermined
OPERATIONAL TREND : AVERAGE
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY7.11 = US 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 Dec. 12, 2005.
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 purchasing and selling natural perfume, aroma
chemicals, agricultural products, and byproducts; importing and exporting
commodity & technology.
SC is mainly
engaged in manufacturing and selling perfume.
Mr. Xu Huaxue has been chairman of SC since 2005.
SC is known
to have approx. 198 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 Bozhou. Our checks
reveal that SC rents the total premise about 8,150 square meters.
http://www.ahthxl.com
The design is professional and the content is well organized. At present the
web is both in Chinese and English versions.
E-mail: xhx9798@yahoo.com.cn
No significant events or changes were found during our checks with the
local AIC.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Xu Huaxue 100
l
Chairman and General Manager:
Mr. Xu Huaxue , in his 40’s with university education. He is currently
responsible for the overall management of SC.
Working Experience(s):
From 2005 to present Working
in SC as chairman and general manager.
SC is mainly
engaged in manufacturing and selling perfume.
SC’s products
mainly include: menthol, peppermint oil - and Star Anise oil, 1,8.Holly oil,
natural aromatic oils, and pharmaceutical raw materials and other products.
SC sources its materials 70% from domestic
market, and 30% from overseas market. SC sells 45% of its products in domestic
market, mainly Anhui province and Shanghai, and 55% to overseas market, mainly European
and American countries.
The buying terms of SC include Check, T/T, L/C and Credit of 30-60 days.
The payment terms of SC include Check, T/T, L/C and Credit of 30-60 days.
SC’s products are mainly provided for chemical and medical industries.
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.
Investigations were made with the local AIC, however, SC’s
financial records are not available.
SC’s management declined to release any financial
information.
SC is considered small-sized in its line with a short history. Taking
into consideration of SC’s general performance, reputation as well as market
conditions, a credit line up to USD 10,000 appears to be within SC’s
capacities.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)