MIRA
INFORM REPORT
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Report Date : |
17.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
guilin kenlong trade Co., Ltd. |
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Registered Office : |
rm 4-18, Office Building
Of Nancheng Guozhan Shopping Park, No. 26, Lijiang Road, Guilin, Guangxi
Province, 541004 Pr |
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Country : |
China |
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Date of Incorporation : |
23.01.2008 |
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Com. Reg. No.: |
450305200000320 |
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Legal Form : |
One-Person Limited Liability Company |
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Line of Business : |
Selling Cosmetics and Liquor |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
guilin kenlong trade Co., Ltd.
rm 4-18, office building
of NANCHENG GUOZHAN SHOPPING PARK,
NO. 26, LIJIANG
ROAD, GUILIN, GUANGXI PROVINCE, 541004 PR CHINA
TEL: 86 (0)
773-3180500 FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 23, 2008
REGISTRATION NO. : 450305200000320
REGISTERED LEGAL FORM : One-person Limited
Liability Company
STAFF STRENGTH :
10
REGISTERED CAPITAL : CNY 500,000
BUSINESS LINE : TRADING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
NOT YET DETERMINED
RECOMM. CREDIT RANGE : C.O.D.
MARKET CONDITION : fair
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : fairly steady
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY
6.84 = 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 One-person limited liabilities
company at local Administration for Industry & Commerce (AIC - The official
body of issuing and renewing business license) on Jan. 23, 2008.
Company Status: One-person
Limited Liability Company Single person LLC refers to a
limited liability company set up by only one natural person or legal person
as the single shareholder of it. The minimum registered capital
of Single person LLC is CNY100,000. The shareholder’s capital contributes,
as set out by the articles of associations should be a lump-sum payment in
full. One natural person can only
invest in and set up one limited liability company, which is not permitted
to invest in and set up a new Single person LLC. As to any one-person limited
liability company, the sole-investor nature of the natural person or legal
person shall be indicated in the registration documents of the company and
shall be indicated in the business license thereof as well. The regulation of Single person
LLC should be set up by the shareholder The regulation of Single person
LLC has no shareholder meeting.
SC’s registered business
scope includes import and export business within permits; sales agency;
purchasing agricultural & sideline products; information consulting
services; real estate investment.
SC is mainly
engaged in selling cosmetics and liquor.
Ms. Zhao Xiaorong
has been legal representative and chairman of SC since 2008.
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 in the commercial zone of Guilin. Our checks reveal that SC
rents the total premise about 100 square meters.
http://www.kenlongcn.com/
The design is professional and the content is well organized. At present it is
in English version.
Email: info@kenlongcn.com
SC used to use “Guilin Changlong Foreign Trade Co., Ltd.” and “Guangxi
Kangyuan Foreign Trade Co., Ltd.” as its trade name.
We found the following negative comments on Guangxi Kangyuan Foreign Trade Group from the
internet.
SC formerly operated at Southwest No. 1, 6/F, Xingda Building, No. 8,
Wulidian Road, Gaoxin Dist., Guilin City, Guangxi 541002 PR China
MAIN SHAREHOLDERS:
Name %
of Shareholding
Zhao Xiaorong 100
l
Legal representative and chairman:
Ms. Zhao Xiaorong, ID # 620502198309302085, 25 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 legal representative.
Note: The provided contact person Mr. Li is SC’s employee.
SC is mainly
engaged in selling cosmetics and liquor.
SC’s products
mainly include eye black, lipstick, skin care, perfume, brandy, and so on.
SC sources its materials 50% from domestic
market, and 50% from overseas market, mainly U.S.A. and Europe. SC sells 90% of
its products in domestic market, and 10% to overseas market, mainly Southeast
Asian market.
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 is
not known to have any subsidiary at present.
Overall payment appraisal :
( ) Excellent (
) Good ( ) Average (
) Fair ( ) Poor
(X) 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.
SC was established at the beginning of 2008, so its annual financial
reports are not available at present.
SC was established in 2008, 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.46.71 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.65.90 |
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%)