MIRA
INFORM REPORT
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Report Date : |
22.12.2011 |
IDENTIFICATION DETAILS
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Name : |
SHENZHOU CITY GOLDEN HARVEST PEANUT FACTORY |
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Registered Office : |
No.390 Baishu Village, Chenshi Town, Shenzhou, Hengshui City, Hebei Province |
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Country : |
China |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
19.03.2004 |
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Com. Reg. No.: |
131182200000993 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Processing and Sales of Peanuts |
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No. of Employees : |
200 |
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 : |
80,000.00 Chinese Yuan |
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Status : |
Moderate |
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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
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SHENZHOU CITY GOLDEN HARVEST PEANUT FACTORY |
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|
No.390 Baishu Village, Chenshi Town, Shenzhou, Hengshui City, Hebei
Province |
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053861 |
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Tel : |
86 318 3569692 / 15131855888 |
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Fax: |
86 318 3569776 |
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E-mail: |
ghpeanut@163.com |
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Website: |
http://www.jhpeanut.com |
Currency in this report is Chinese Yuan
unless otherwise stated.
Exchange Rate: 1 USD=6.33 Chinese Yuan
"--"in this report indicates
"unavailable" due to insufficient information or "no comments"
Notes
The credit limit given in the order is too high. We
recommend a lower credit with subject.
EXECUTIVE
SUMMARY
|
DATE OF establishment |
MAR.19th, 2004 |
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Aic Registration No. |
131182200000993 |
|
REGISTERED LEGAL FORM |
sole proprietorship |
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REGISTERED CAPITAL |
2,000,000.00 |
|
main BUSINESS |
processing and sales of peanuts |
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SIC Code (China) |
1370 producing and processing of vegetables, fruits and nuts |
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|
|
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employees |
200 |
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import and export permits |
yes |
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business scale |
Medium |
|
operation trend |
Average |
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TURNOVER |
13,839,000.00 (As of Dec.31st,
2010) |
|
net profit |
-17,000.00 (As of Dec.31st,
2010) |
|
total assets |
10,273,000.00 (As
of Dec.31st, 2010) |
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net worth |
824,000.00 (As
of Dec.31st, 2010) |
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|
|
|
base Credie limit |
80,000.00 |
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EXCHANGE RATE |
1 Usd=6.38CNY (dec.22nd, 2011) |
REGISTRATION
|
Name |
SHENZHOU CITY GOLDEN HARVEST PEANUT FACTORY |
|
AIC Registration Number |
131182200000993 |
|
Registered address |
Baishu Village, Chenshi Town, Shenzhou, Hengshui
City, Hebei Province |
|
Operation address |
No.390 Baishu Village, Chenshi
Town, Shenzhou, Hengshui City, Hebei Province |
|
Date of Establishment |
Mar.19th, 2004 |
|
Registry |
Administration Bureau of Industry and Commerce –
Shenzhou, Hengshui |
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Chief Executive |
Yang Kuanyin |
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Registered Legal Form |
sole proprietorship |
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Registered Capital |
2,000,000.00 |
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Operating Duration |
Perpetual |
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Changes in Registration |
-- |
Sole proprietorship
Sole
proprietorship is a type of entity invested by only one individual according to
the sole proprietorship law. The individual shareholder bears unlimited
liability to the entity’s profit/loss and risk. Sole proprietorship is not a
legal company, it has no legal personality. Sole proprietorship owner pays
individual income tax instead of the entity.
SHAREHOLDERS
AND SHARES
As
indicated in the following table:
|
Shareholder |
Capital
Subscribed |
Percentage |
|
Yang Kuanyin |
2,000,000.00 |
100% |
|
Total |
2,000,000.00 |
100% |
Background
of major shareholder
|
Name |
Yang Kuanyin |
|
Gender |
Male |
|
Date of birth |
June.14th, 1970 |
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National ID No. |
133025700614101 |
AFFILIATE(S)
|
RELATED COMPANIES |
|
|
Name |
SHENZHOU
CITY GOLDEN HARVEST PEANUT PROFESSIONAL COOPERATION |
|
Registration address |
No.390 Baishu Village, Chenshi Town,
Shenzhou, Hengshui City, Hebei Province |
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Registration No. |
131182NA000001X |
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Main business |
Planting and sales of peanuts |
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|
|
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Name |
SHENZHOU
CITY JINFENG PEANUTS CO. LTD |
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Registration address |
No.390 Baishu Village, Chenshi Town,
Shenzhou, Hengshui City, Hebei Province |
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Registration No. |
131182000004550 |
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Main business |
Purchase and processing of
peanuts |
MANAGEMENT
|
Name |
Yang Kuanyin |
|
Gender |
Male |
|
Title |
Chief executive |
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Date of birth |
June.14th, 1970 |
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National ID No. |
133025700614101 |
BANKERS INFORMATION
|
Bank name |
Hebei Rural Credit Cooperative – Chenshi Credit
Cooperative |
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Account No. (CNY) |
-- |
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Source of information |
Subject’s staff |
OFFICE FACILITIES
|
Geographic Location |
No.390 Baishu Village, Chenshi Town, Shenzhou, Hengshui City, Hebei
Province |
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Area |
9,000 square meters |
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Environment and traffic |
Average |
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Property Ownership |
Unknown |
TRADEMARKS
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Total trademarks |
2 |
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Registration No. |
6051399 |
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Registration date |
May.16th, 2007 |
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Image |
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Registration No. |
6227563 |
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Registration date |
Aug.20th, 2007 |
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Image |
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PATENTS
After checking with the State Intellectual Office,
no patents of SC were found.
MAIN PRODUCTS
& SERVICES
|
Main business |
Processing and sales of peanuts |
|
Products and services |
Subject entity can process different kinds
of peanut products (peanut kernel, peanut, baked peanut, gift peanut, peeling
peanut products etc.) |
|
Annual production capacity |
15,000 tons |
|
Certificates |
-- |
SALES
INFORMATION
|
Local sales |
70% |
|
Regions |
All
over China |
|
Major domestic clients |
SHANDONG MENGYIN
HUARUN IMP.&EXP. CO., LTD; QINGDAO HORENDA INTERNATIONAL TRADING CO.,LTD;
YONGHUI SUPERSTORES CO., LTD; BETTER LIFE COMMERCIAL CHAIN SHARE CO.,LTD |
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Payment terms |
Prompt payment; on credit |
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Export |
30% |
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Regions |
Greece
|
|
Major overseas clients |
-- |
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Payment terms |
L/C, T/T |
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Subject entity’s products
are mostly sold in China. Its clients are mainly chain stores. Due to the
limit against peanut products from China issued by EU, subject’s export
business is not large. |
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The above information was
confirmed by SC’s employee on Dec.21st, 2011. |
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PURCHASE
INFORMATION
|
Main Commodities Purchased |
Peanuts |
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Region |
Local: 60% Import: 40% |
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Number of Major Suppliers |
More than 3 |
|
Major suppliers |
SHENZHOU CITY
GOLDEN HARVEST PEANUT PROFESSIONAL COOPERATION; SHENZHOU CITY JINFENG PEANUTS
CO. LTD |
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Main Terms of Payment |
Local: Prompt payment; on
credit Import: L/C, T/T |
|
Subject entity purchased peanuts both from
China and other countries. Its importing regions include Mozambique, India
etc. It maintains stable cooperation with the suppliers. |
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The above information was confirmed by SC’s
employee on ec.21st, 2011. |
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CREDIT
Subject’s suppliers are mainly its related companies
which are operated at the same address as subject. Hence no payment comment
from the supplier can be provided in this report.
LITIGATION
RECORDS
After checking with China Court organization,
the local court website and other major searching websites, no litigation
record related to subject company in the latest three years is found.
FINANCE
(Unit: 1,000 Chinese Yuan):
|
|
Dec.
31st, 2009 |
Dec. 31st, 2010 |
|
Total assets |
6,770 |
10,273 |
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Total liabilities |
5,930 |
9,449 |
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Total owner’s interest |
840 |
824 |
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Liabilities and owner’s interest |
6,770 |
10,273 |
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Main business income |
38,310 |
13,839 |
|
Total profit |
-10 |
-17 |
|
- income tax |
0 |
0 |
|
Net profit |
-10 |
-17 |
Note: from the AIC channels, only subject’s financial summary is
obtained for the client’s reference.
Important Ratios:
|
|
2009 |
2010 |
|
Return on net assets (%) |
-1.19 |
-2.06 |
|
Return on total assets (%) |
-0.15 |
-0.17 |
|
Net profit margin (%) |
-0.03 |
-0.12 |
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Turnover of total assets |
5.66 |
1.35 |
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Turnover of current assets |
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Turnover of account receivable |
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Inventory turnover |
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Asset liability ratio (%) |
87.59 |
91.98 |
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Current ratio |
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Quick ratio |
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Analysis of financial indicator
Long-term solvency: poor
Short-term solvency: --
Asset security: poor
Inventory status: --
Capital turnover: average
Debt recovery status: --
Profitability: poor
Return on assets (ROA): poor
Enterprise background: average
Payment records: --
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.67 |
|
|
1 |
Rs.82.53 |
|
Euro |
1 |
Rs.69.13 |
RATING EXPLANATIONS
|
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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.