MIRA INFORM REPORT
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Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
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Name : |
XI’AN MAOTONG IMPORT & EXPORT TRADING
CO., LTD. |
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Registered Office : |
No. 218 Jixiang Road, Yanta District, Xi’an
City, Shaanxi Province 710061 Pr |
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Country : |
China |
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Date of Incorporation : |
08.03.2010 |
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Com. Reg. No.: |
610100100275812 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
International Trade |
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 |
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 |
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) |
|
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
XI’AN MAOTONG IMPORT & EXPORT TRADING CO.,
LTD.
NO. 218 JIXIANG ROAD,
YANTA DISTRICT, XI’AN CITY
SHAANXI province
710061 PR CHINA
TEL: 86 (0)
29-87733208
FAX: 86 (0)
29-9688810057102
EXECUTIVE SUMMARY
Date of Registration : MARCH 8, 2010
REGISTRATION NO. : 610100100275812
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL :
cny 1,000,000
staff : 5
BUSINESS CATEGORY :
TRADING
Revenue :
N/A (AS
OF DEC. 31, 2010)
EQUITIES :
N/A (AS
OF DEC. 31, 2010)
WEBSITE :
www.xamaotong.com
E-MAIL :
maotong@xamaotong.com
PAYMENT : AVERAGE
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 6.43 = 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 complete name should be the above
stated one, instead of the given name – XI AN Maotong Import & Export Co
Ltd.
SC was
established as a limited liabilities company of PRC with State Administration
of Industry & Commerce (SAIC) under registration No.: 610100100275812 on March 8,
2010.
SC’s Organization Code Certificate
No.: 552301717
SC’s registered capital: cny 1,000,000
SC’s paid-in capital: cny 1,000,000
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 |
|
Zhang Dejin |
60 |
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Zhang Yajuan |
40 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative and
General Manager |
Zhang Dejin |
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Supervisor |
Zhang Yajuan |
RECENT DEVELOPMENT
SC started its normal business at the end of 2010.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Zhang Dejin 60
Zhang Yajuan 40
MANAGEMENT
Zhang
Dejin, Legal
Representative and General Manager
--------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
From 2010 to present, working in SC as legal representative
and general manager
Zhang
Yajuan, Supervisor
---------------------------------------------
Ø
Gender: F
Ø
Qualification:
University
BUSINESS OPERATION
SC’s registered business scope includes importing and
exporting commodities and technology; and selling engineering machinery &
components, universal parts, electrical equipment, electronic parts, hardware,
metal materials, chemical products, auto parts, arts & crafts, Agricultural
products & byproducts, and cosmetics.
SC started its normal business at the end of 2010.
SC is
mainly engaged in international trade.
SC’s products mainly include:
Textiles
Machinery
Building materials
Chemical products
Etc.
SC sources its materials 100% from domestic
market. SC sells 70% of its products in domestic market, and 30% to overseas
market.
The
buying terms of SC include T/T and Credit of 30-60 days. The payment terms of
SC include T/T, L/C and Credit of 30-60 days.
Staff & Office:
--------------------------
SC is
known to have approx. 5
staff at present.
SC rents an area
as its operating office of approx. 80 sq. meters at the heading address.
RELATED COMPANY
SC is
not known to have any subsidiary at present.
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) 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: 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.
BANKING
The bank
information of SC is not filed in local SAIC.
FINANCIALS
Established on March 8, 2010, SC started its normal business at the end
of 2010, so the financials are not filed in local SAIC.
CONCLUSIONS
SC is considered small-sized in its line with a short operation history,
and its credit has not been established yet. A credit
line at the above amount appears beyond SC’s capacities, great caution
is required in providing credit to SC & C.O.D. is recommended.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.27 |
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UK Pound |
1 |
Rs.73.34 |
|
Euro |
1 |
Rs.64.58 |
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.