MIRA INFORM REPORT
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Report Date : |
07.04.2011 |
IDENTIFICATION DETAILS
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Name : |
HANGZHOU OCEAN CHEMICAL CO., LTD |
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Registered Office : |
Room 603, Tower A, New |
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Country : |
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Date of Incorporation : |
18.01.2011 |
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Com. Reg. No.: |
330105000194086 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Sales Of Chemical Products |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
HANGZHOU
OCEAN CHEMICAL CO., LTD
Room 603, Tower A, New
310012
Tel : 86 571
88025872/13588138709
Fax 86 571 88025871
Website --
Currency in this report is Chinese Yuan
unless otherwise stated.
Exchange Rate: 1 USD=6.55 Chinese Yuan
"--"in this report indicates
"unavailable" due to insufficient information or "no
comments"
Note: due to the recent
establishment of Subject Company, no basis credit limited is provided in the
report.
EXECUTIVE SUMMARY
DATE OF establishment :
Jan.18th, 2011
Aic Registration No. :
330105000194086
REGISTERED LEGAL FORM :
private limited liability company
REGISTERED CAPITAL :
500,000.00
main BUSINESS : sales of chemical
products.
employees : 5
import and export
permits yes
EXCHANGE RATE :
1 Usd=6.55 CNY (Apr.2nd, 2011)
Registered
Address: Room 603, Tower A, New
Business
Address: Room
603, Tower A, New
Telephone: 86 571 88025872/13588138709
Fax:
86 571 88025871
SIC Code (
REGISTRATION
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Date of Establishment |
Jan.18th,
2011 |
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Registry |
Administration Bureau of
Industry and Commerce - |
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Legal Representative |
Bao Yan |
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AIC Registration Number |
330105000194086 |
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Registered Legal Form |
Private limited liability company |
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Registered Capital |
500,000.00 |
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Operating Period |
From Jan.18th, 2011 to Jan.17th, 2031 |
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Business Scope |
Sales of chemical material and products,
machinery, instruments, rubber products, plastic products, metal material,
minerals; Import and export of goods and technologies; Technology development, consulting and result
transferring. |
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Changes in Registration |
No |
Private limited
liabilities co.
This form of business in PR China is defined as a legal person. Its
registered capital is contributed jointly by at least 2 and no more than thirty
shareholders. Shareholders bear limited liability to the extent of its total
assets. The private enterprise law requires this form of enterprise to employ
no less than 8 employees and to set aside no less than 50% of its after-tax
profits as a production development fund.
REGISTRATION INFO: AVAILABLE
FINANCIAL
REPORTS: AVAILABLE
FIELD
INVESTIGATION
1. Subject’s income comes mainly from chemical
products. Its sales are developed directly to the end users. The industry of
chemical product is an industry with fierce competition. With short history and
small scale, subject’s popularity still needs to be improved. Generally
speaking, subject’s competitiveness is below average in the local place.
2.
SHAREHOLDERS
AND SHARES
As indicated in the following table:
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Shareholder |
Capital Subscribed |
Percentage |
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Bao Yan |
375,000 |
75% |
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Tao Qiaochuan |
125,000 |
25% |
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Total |
500,000 |
100% |
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Shareholder |
Way of
investment |
Paid-up
Percentage |
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Bao Yan |
Capital |
100% |
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Tao Qiaochuan |
Capital |
100% |
Background of major shareholder
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Name |
Bao Yan |
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Gender |
Female |
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Date of birth |
Dec.10th, 1982 |
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ID No. |
330602198212100029 |
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Name |
Tao Qiaochuan |
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Gender |
Male |
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Date of birth |
Apr.17th, 1981 |
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ID No. |
33041119810417021X |
AFFILIATE(S)
After
checking with the industry and commerce channels, no affiliates of SC is found.
MANAGEMENT
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Name |
Bao Yan |
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Title |
Executive director, general manager |
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Gender |
Female |
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ID No. |
330602198212100029 |
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Date of birth |
Dec.10th, 1982 |
NUMBER OF EMPLOYEES
Employees: 5
Recent Recruitment：No
BANKERS INFORMATION
No bank information about
subject is obtained through public channels
OFFICE FACILITIES
Geographic Location: SC
is located in Room 603, Tower A,
Property Ownership: rented
TRADEMARKS
No trademark record about subject is found after checking with the
National Trademark Management Bureau.
PATENTS
After checking with the
MAIN
PRODUCTS & SERVICES
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Main business |
Sales of chemical products |
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Products and services |
Subject’s products include raney nickel,
alumel powder etc. Its products are all exported. |
SALES
INFORMATION
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Percentage of overseas sales |
100% |
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Regions |
USA etc. |
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Sales Terms: |
L/C, T/T |
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Subject’s products are all exported. Its clients
are mainly in |
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The above information was confirmed by SC’s
employee |
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PURCHASE
INFORMATION
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Main Commodities Purchased |
raney
nickel, alumel powder etc. |
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Number of Major Suppliers |
More than 2 |
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Major Suppliers |
Deqing Ocean
Chemical Co.,Ltd etc. |
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Main Terms of Payment |
Prompt payment; on credit |
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Subject company’s suppliers are all domestic
suppliers. Its purchasing channel is fixed. |
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The above information was confirmed by SC’s
employee |
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CREDIT
RECORDS
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Supplier name |
Deqing Ocean
Chemical Co.,Ltd |
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Item supplied |
Chemical products |
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Title of interviewee |
Sales staff |
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Tel. |
86 13738058388 |
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Comment |
The interviewee confirmed subject is a
client of the above said company, but refused to reveal any further
information. |
LITIGATION RECORDS
After checking with
FINANCE
Subject was
established in 2011. Its financial is unavailable since it hasn’t been in
operation for a complete financial year.
INDUSTRY
PROFILE
Industry
SIC Code (
Description: wholesale, import and export of inorganic
chemical raw materials (acid, soda, chlorate and compounds); organic chemical
raw materials (hydrocarbon, ether, Alde Hyde, amine, alcohol etc.); painting
materials and related products;
Status
Quo & Trend
So far the industry of other chemical products
is on the path of recovery with export value growing steadily. In 2009, the
income of this industry increased largely from 2008, keeping the profit ratio
at the reasonable level. In the second half of 2010, the industry is predicated
to gain comprehensive recovery in
GENERAL
COMMENTS
Subject was registered in 2011 with the
registration capital of 500,000 Chinese Yuan. Its main business is sales of
fine chemical products. With a short history and small scale, its popularity
still needs to be improved.
Without financial information, no analysis of
subject’s operation can be provided. We recommend the client pay attention to
subject’s performance in the following years.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.22 |
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1 |
Rs.72.25 |
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Euro |
1 |
Rs.63.09 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.