MIRA INFORM REPORT
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Report Date : |
09.08.2011 |
IDENTIFICATION DETAILS
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Name : |
KUNMING AOYANG IMPORT & EXPORT TRADE CO.,
LTD. |
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Registered Office : |
Room 1911, 1# Building, Baoye Shangdu
Business Building, No. 337 News Road, Kunming, Yunnan Province 650032 Pr |
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Country : |
China |
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Date of Incorporation : |
07.05.2011 |
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Com. Reg. No.: |
530102100139159 |
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Legal Form : |
One-Person Limited Liability Company |
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Line of Business : |
Domestic Trade,
Operating and acting as an agent of importing and exporting various kinds of
commodities and technology |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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China |
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
kunming aoyang import & export trade co.,
ltd.
room 1911, 1#
building, Baoye shangdu Business Building
no. 337 news road,
kunming, yunnan province 650032 PR CHINA
TEL: 86 (0)
871-6016981
FAX: 86 (0)
871-6016980
EXECUTIVE SUMMARY
Date of Registration : may 7, 2011
REGISTRATION NO. : 530102100139159
LEGAL FORM : One-person Limited Liability Company
REGISTERED CAPITAL :
cny 500,000
staff : 4
BUSINESS CATEGORY :
trading
Revenue : N/A
EQUITIES : N/A
WEBSITE : www.kmaymy.com
E-MAIL :
kmaoyangjckgs@yeah.net
PAYMENT : Not yet be determined
Recommended Credit Limit: c.o.d.
MARKET CONDITION : currently remain to
observe
FINANCIAL CONDITION : n/a
OPERATIONAL TREND :
NOT
YET BE DETERMINED
GENERAL REPUTATION : Not yet be determined
EXCHANGE RATE : CNY 6.44 = USD 1
Adopted abbreviations
(as follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
OPERATIONAL TREND & GENERAL
REPUTATION
This section aims at indicating the relative positions of SC in respect
of its operational trend & general reputation
Operational Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not known Not
yet be determined
Not yet be determined
LEGAL STATUS & HISTORY
***Note: SC’s
telephone number should be the heading one, instead of the given number (+86
871 6016918).
SC was
established as a one-person limited liability company of PRC with State
Administration of Industry & Commerce (SAIC) under registration No.: 530102100139159 on May 7,
2011.
SC’s Organization Code Certificate
No.: 577281169
SC’s registered capital: cny 500,000
SC’s paid-in capital: cny 500,000
No significant changes of SC have been
noted in SAIC since its incorporation.
Current Co search indicates SC’s shareholders & chief
executives are as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Yang Jie |
100 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative and
General Manager |
Yang
Jie |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Yang Jie 100
MANAGEMENT
Yang
Jie, Legal Representative and General Manager
------------------------------------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
From May 7, 2011 to present, working in SC as legal
representative and general manager
BUSINESS OPERATION
SC’s registered business scope includes domestic trade,
operating and acting as an agent of importing and exporting various kinds of
commodities and technology, excluding the goods forbidden by the government.
SC has not started its normal operation yet.
SC is expected to
engage in selling machinery, electronics, and international trade after normal
operation.
Staff & Office:
--------------------------
SC is
known to have approx. 4 staff at present.
SC rents an area
as its operating office, but the detailed information is unknown.
RELATED COMPANY
SC is
not known to have any subsidiary at present.
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good ( ) Average ( ) Fair ( ) Poor (X) Not yet be 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: N/A
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.
BANKING
Basic Bank:
Fudian
Bank Shuangnan Road Sub-branch
AC# 917011010005674125
FINANCIALS
As a new company established in 2011, SC has not started its normal
operation, so its financials are not filed in SAIC at present.
CONCLUSIONS
Established recently in 2011, SC has not started its normal operation,
and its credit has not been established yet. Great caution is required in
providing credit to SC and C.O.D. is recommended.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.96 |
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UK Pound |
1 |
Rs.73.94 |
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Euro |
1 |
Rs.64.56 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.