MIRA
INFORM REPORT
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Report Date : |
23.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
ZIBO DENUO ALUMINUM CORPORATION |
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Registered Office : |
No. 19, Kaifaqu North Road, Hi-Tech Zone, Zibo, Shandong Province,
255086 Pr |
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Country : |
China |
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Date of Incorporation : |
03.04. 2007 |
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Com. Reg. No.: |
3703032883923 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Manufacturing and Selling Aluminum Foil. |
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
ZIBO DENUO ALUMINUM CORPORATION
no. 19, kaifaqu
north road, hi-tech zone,
zibo, shandong
PROVINCE, 255086 PR CHINA.
19
TEL: 86 (0)
533-6073599 FAX: 86 (0) 533-6207866
EXECUTIVE SUMMARY
INCORPORATION DATE : april 3, 2007
REGISTRATION NO. : 3703032883923
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH :
150
REGISTERED CAPITAL : CNY 90,000,000
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
6.94 = 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
Note: SC’s correct company name should be the heading one, instead of the given name – Zibo Denwo Aluminum Corp.
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 3, 2007.
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 researching, developing and selling nanometer aluminum materials;
manufacturing and selling aluminum foil; wholesaling and retailing aluminum
plate, aluminum alloy plate, aluminum materials, mechanical equipment, meters
and components; importing and exporting goods.
SC is mainly
engaged in manufacturing and selling aluminum foil.
Ms. Li Xuefeng has
been legal representative and chairman of SC since 2007.
SC is known
to have approx. 150 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 Zibo. Our checks reveal
that SC owns the total premise about 94,960 square meters.
http://www.zibodenuo.com.cn The design is professional and the content
is well organized. At present it is in Chinese version.
SC started its
normal operation in April of 2008.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Zibo Hi-tech Zone Economic Development
Corporation
18.4
Li Linhao
20
Li Xuefeng
48.4
Zhang Hengwu
4.4
Zhang Baozhong
4.4
Duan Xiaoming
4.4
l
Legal representative and chairman:
Ms. Li Xuefeng , in her 30’s with university education. She is currently
responsible for the overall management of SC.
Working Experience(s):
From 2007 to present Working
in SC as chairman and legal representative.
l
General manager:
Mr. Pan Jun , in his 30’s with university education. He is currently
responsible for the daily management of SC.
Working Experience(s):
From 2007 to present Working
in SC as general manager.
SC started its
normal operation in April of 2008.
SC is mainly
engaged in manufacturing and selling aluminum foil.
SC’s products
mainly include pharmacy foil, household foil, food soft packing foil, container
foil, air-conditioner foil, cable foil, decoration foil, and so on.
SC sources its materials 100% from domestic
market, mainly Shandong. SC sells 95% of its products in domestic market, and
5% 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.
Agriculture Bank of China Zibo Development Zone Sub-branch
AC#15256101040035674
Relationship:
Normal.
SC started its normal operation in April of 2008. At present, SC’s
financial reports are not available.
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%)