MIRA
INFORM REPORT
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Report Date : |
16.12.2011 |
IDENTIFICATION DETAILS
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Name : |
BEAUJADY TRADING CO., LTD. |
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Registered Office : |
Room 1401-1402, Tianfu Central Building, Chengjiang East
Road Jiangyin, Jiangsu Province 214400 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
30.03.2006 |
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Com. Reg. No.: |
320281000146223 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling machinery & equipment and accessories. |
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No. of Employees : |
6 |
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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Maximum Credit Limit : |
USD 5,000 |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 and address
BEAUJADY TRADING CO., LTD.
ROOM 1401-1402, TIANFU CENTRAL BUILDING, CHENGJIANG EAST ROAD
JIANGYIN, JIANGSU PROVINCE 214400 PR CHINA
TEL: 86 (0) 510-81602538
FAX: 86 (0) 510-81602520
EXECUTIVE SUMMARY
Date of Registration : march 30, 2006
REGISTRATION NO. : 320281000146223
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL : cny 500,000
staff :
6
BUSINESS CATEGORY : trading
Revenue :
CNY 6,908,000 (AS OF DEC. 31, 2010)
EQUITIES :
CNY 689,000 (AS OF DEC. 31, 2010)
WEBSITE : www.beaujady.com
E-MAIL :
info@beaujady.com
PAYMENT : AVERAGE
Recommended Credit Limi : UP TO USD 5,000
MARKET CONDITION : average
FINANCIAL CONDITION : FAIRly stable
OPERATIONAL TREND : ordinary
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.37 = 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 limited liabilities company of PRC with State Administration of Industry
& Commerce (SAIC) under registration No.: 320281000146223
on March 30, 2006.
SC’s Organization Code Certificate No.:
78597743-5
SC’s registered capital: cny 500,000
SC’s paid-in capital: cny 500,000
Registration Change Record:
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 |
|
Xu Xiexing |
60 |
|
Xu Zijiang |
40 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative, Chairman, and
General Manager |
Xu Xiexing |
|
Supervisor |
Xu Zijiang |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Xu Xiexing 60
Xu Zijiang 40
MANAGEMENT
Xu Xiexing , Legal
Representative, Chairman and General Manager
----------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Age: 63
Ø
ID# 320219194807038039
Ø
Working
experience (s):
From 2006 to present, working in SC as legal representative,
chairman and general manager
Xu Zijiang ,
Supervisor and Sales Manager
-------------------------------------------------------------------
Ø
Gender: M
Ø
Age: 37
Ø
ID# 320219197401218017
Ø
Mobile Phone No.: 13706166715
Ø
Qualification:
University
At present, working in SC as supervisor and sales manager
BUSINESS OPERATION
SC’s registered business scope includes selling machinery
and equipment and accessories, textiles, garments, textile raw materials
(excluding seed), clothing accessories, chemical products (excluding dangerous
goods); operating and acting as an agent of importing and exporting various
kinds of commodities and technology, in accordance with the license.
SC is mainly
engaged in selling machinery & equipment and accessories.
SC’s products mainly include:
Textile calendar
Conventional textile calendar
Paper calendar
Roller experts
SC sources its materials 100% from domestic
market, mainly Jiangsu. SC sells 100% of its products to overseas market,
mainly Middle East, India, Pakistan, etc.
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.
*Major Supplier:
=============
Jiangyin Guoguang
Calendar & Fibre Roller Co., Ltd.
Staff & Office:
--------------------------
SC is known
to have approx. 6 staff at
present.
SC rents an area
as its operating office of approx. 100 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
Basic Bank:
Shanghai
Pudong Development Bank Jiangyin Branch
AC#:
92011454710000111 (USD)
AC#:
92013857410000804 (EUR)
FINANCIALS
Financial Summary
|
Unit: CNY’000 |
As
of Dec. 31, 2010 |
|
Long term investment |
0 |
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Total assets |
2,437 |
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------------- |
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Long term liabilities |
0 |
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Total
liabilities |
1,748 |
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Equities |
689 |
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------------- |
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Revenue |
6,908 |
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Profit before
tax |
88 |
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Less: profit tax |
18 |
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Profits |
70 |
Note: The detailed financials for Y2010 are not available in SAIC.
Important Ratios
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As
of Dec. 31, 2010 |
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*Liabilities
to assets |
0.72 |
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*Net profit
margin (%) |
1.01 |
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*Return on
total assets (%) |
2.87 |
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*
Revenue/Total assets |
2.83 |
FINANCIAL COMMENTS
PROFITABILITY:
AVERAGE
l
The revenue of SC appears average in its line.
l
SC’s net profit margin is average.
l
SC’s return on total assets is average.
LIQUIDITY: AVERAGE
l
SC’s revenue is in an average level, comparing with
the size of its total assets.
LEVERAGE: AVERAGE
l
The debt ratio of SC is average.
l
The risk for SC to go bankrupt is average.
Overall financial condition
of the SC: Fairly Stable.
CONCLUSIONS
SC is considered small-sized in its line with fairly stable financial
conditions. A credit line up to USD 5,000 is recommended upon a periodical
review basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.23 |
|
|
1 |
Rs.83.77 |
|
Euro |
1 |
Rs.70.46 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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.