MIRA INFORM REPORT
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Report Date : |
27.08.2011 |
IDENTIFICATION DETAILS
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Name : |
HIPHARMA LTD. |
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Registered Office : |
No. 188, Commercial Bldg. Of Xihuan Kaitai Street,
Qiaoxi District, Shijiazhuang City, Hebei Province 050000 Pr |
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Country : |
China |
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Date of Incorporation : |
02.04.2011 |
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Com. Reg. No.: |
130100400009228 |
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Legal Form : |
Chinese-Foreign Equity Joint Venture Enterprise |
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Line of Business : |
Importing, Exporting, Wholesaling, and Commission acting of chemical
materials & 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 : |
--- |
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
HIPHARMA LTD.
no. 188, commercial bldg.
of xihuan kaitai street
qiaoxi DISTRICT,
SHIJIAZHUANG CITY
HEBEI PROVINCE 050000
PR CHINA
TEL: 86 (0)
311-66692200
FAX: 86 (0)
311-66692200
EXECUTIVE SUMMARY
Date of Registration : april 2, 2011
REGISTRATION NO. : 130100400009228
LEGAL FORM : Chinese-foreign equity joint venture
enterprise
REGISTERED CAPITAL :
cny 4,000,000
staff : 3
BUSINESS CATEGORY :
TRADING
Revenue : n/a
EQUITIES : n/a
PAYMENT : NOT YET BE DETERMINED
Recommended Credit Limit: C.O.D.
MARKET CONDITION : CURRENTLY REMAINS TO OBSERVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
NOT YET BE DETERMINED
GENERAL REPUTATION : NOT YET BE DETERMINED
EXCHANGE RATE CNY 6.39 = 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
SC was
established as a Chinese-foreign equity joint venture enterprise of PRC with
State Administration of Industry & Commerce (SAIC) under registration No.: 130100400009228 on April 2,
2011.
SC’s Organization Code Certificate No.:
57132185-2
SC’s registered capital: cny 4,000,000
SC’s paid-in capital: cny 0
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 |
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Shijiazhuang Kejian Trading
Co., Ltd. |
75 |
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Prakruti Products Private
Limited (India) |
25 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative,
Chairman, and General Manager |
Wang Liang |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Shijiazhuang Kejian Trading Co.,
Ltd. 75
Prakruti Products Private
Limited (India) 25
Shijiazhuang
Kejian Trading Co., Ltd.
=================================
Registration No.:
130100000341827
Date of Registration: December
16, 2010
Legal Form: Limited Liabilities
Company
Registered Capital: CNY
3,000,000
Legal Representative: Wang Liang
Prakruti
Products Private Limited (India)
===================================
Sagar Complex, Ground Floor,
Maruti Temple Road,
Karwar - 581301
Karnataka India
Phone No:
+91 - 08382 220000 / 225000 /
225100
Fax: +91 - 08382 227700
Email: pratisales@prakruti.com
Website: www.prakruti.com
MANAGEMENT
Wang Liang, Legal Representative, Chairman and General Manager
-------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
ID# 130106197810300617
Ø
Age: 33
Ø
Working
experience (s):
At present, working in SC as legal representative, chairman and general manager
Also working in Shijiazhuang Kejian Trading Co., Ltd. as legal representative
BUSINESS OPERATION
SC’s registered business scope includes importing,
exporting, wholesaling, and commission acting of chemical materials &
products, stone materials, office supplies, electronic products, garment &
textiles, arts & crafts, metal materials, machinery, instruments &
apparatus, and auto parts; technology development, technology transfer, and
consulting services for related chemical products.
SC has not started its normal business
so far.
Staff & Office:
--------------------------
SC is
known to have approx. 3 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
The bank
information of SC is not filed in SAIC.
FINANCIALS
Established as a new company in 2011, SC’s financials are not available
at present.
CONCLUSIONS
SC was established recently in 2011, and its credit has not been established
yet. Great caution is required in providing credit to SC & C.O.D. is
recommended.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.46.05 |
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UK Pound |
1 |
Rs.75.20 |
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Euro |
1 |
Rs.66.48 |
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.