MIRA INFORM REPORT
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Report Date : |
23.12.2011 |
IDENTIFICATION DETAILS
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Name : |
BEIJING HOLLAND TRADING CO., LTD. |
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Registered Office : |
Room 2006, Block A, Wantone New World Square, No. 2, Fuwai Street,
Xicheng District, Beijing, 100037 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
24.01.1997 |
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Com. Reg. No.: |
110228004671049 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
importing and exporting
machinery electronic products |
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No. of Employees
: |
23 persons |
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 50,000 |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
China |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
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
BEIJING
HOLLAND TRADING CO., LTD.
ROOM 2006, BLOCK A,
WANTONE NEW WORLD Square, NO. 2, FUWAI STREET, XICHENG DISTRICT, BEIJING,
100037 PR CHINA
TEL: 86 (0)
10-68032755 FAX: 86 (0) 10-68032878
EXECUTIVE SUMMARY
INCORPORATION DATE : JAN. 24, 1997
REGISTRATION NO. :
110228004671049
REGISTERED LEGAL FORM : LIMITED
LIABILITIES CO.
STAFF STRENGTH :
23
REGISTERED CAPITAL : CNY 2,000,000
BUSINESS LINE :
TRADING
TURNOVER :
CNY 27,890,000 (UNAUDITED, AS OF
DEC. 31, 2010)
EQUITIES :
CNY 4,900,000 (UNAUDITED, AS OF DEC. 31, 2010)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 50,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
CNY 6.34 = USD 1
Adopted abbreviations
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY - China Yuan Renminbi
SC was registered as a Limited liabilities co. at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on Jan. 24, 1997.
Company Status: Limited liabilities co. This form of business in PR
China is defined as a legal person. No more than fifty shareholders
contribute its registered capital jointly. Shareholders bear limited
liability to the extent of shareholding, and the co. is liable for its
debts only to extent of its total assets. The characteristics of this form
of co. are as follows: Upon the establishment of the
co., an investment certificate is issued to the each of shareholders. The board of directors is
comprised of three to thirteen members. The minimum registered capital
for a co. is CNY 30,000. Shareholders may take their
capital contributions in cash or by means of tangible assets or intangible
assets such as industrial property and non-patented technology. Cash contributed by all
shareholders must account for at least 30% of the registered capital. Existing shareholders have
pre-exemption right to purchase shares of the co. offered for sale by the
other shareholders and to subscribe for the newly increased registered
capital of the co.
SC’s registered business
scope includes selling daily necessaries, native products, hardware, chemicals,
civil construction materials, computer software & hardware and peripherals,
electronic components, machinery electronic equipment, plastic products,
building materials; indoor & outdoor decoration services, car decoration;
information advisory (excluding agent); importing and exporting commodities and
technologies, excluding commodities and technologies prohibited by
country.
SC is mainly
engaged in importing and exporting machinery electronic products.
Mr. Wen Xi is legal representative, chairman and general manager of SC
at present.
SC is known
to have approx. 23 employees at present.
SC is
currently operating at the above stated address, and
this address houses its operating office in the commercial zone of Beijing. Our
checks reveal that SC rents the total premise about 100 square meters.
http://www.bjholland.com/
The design is professional and the content is well organized. At present it is
in English version.
Email: webmaster@bjholland.com
Changes of its
registered information are as follows:
|
Date |
Item |
Before the
change |
After the change |
|
Unknown |
Registered number |
1102282467104 |
Present one |
MAIN SHAREHOLDERS:
Name %
of Shareholding
Wen Xi 60
Ping Yilei 40
l
Legal representative, chairman and general manager:
Mr. Wen Xi, ID# 310106490711323 born in 1949. He is currently
responsible for the overall management of SC.
Working Experience(s):
At present Working in SC as chairman, legal representative and general manager.
l
Supervisor:
--------------------
Ping Yilei
ID# 110102560311003
SC is mainly
engaged in importing and exporting machinery electronic products.
SC’s products mainly
include copper continuous extrusion machine, steel profile forming machines,
EDM wire cutting machines, etc.
SC sources its
materials 80% from domestic market and 20% from overseas market. SC sells 10%
of its products in domestic market, and 90% to the overseas market, mainly
Brazil and India.
The buying terms of SC include Check, T/T, L/C and Credit of 30-60 days.
The payment terms of SC include Check, T/T, L/C and Credit of 30-60 days.
Note: SC’s management declined to release its main clients and
suppliers.
India Office
Tel:
0091 022 2822 2627/ 9746
Fax:
0091 022 2822 9746
Mail: bjholland02@yahoo.com
Add:
3-B, Plot No.13, Ground Floor, Jivan Ratna Bhawan, Near Piramal Gardens, J.B.
Nagar, Andheri (E), Mumbai-400 059
Brazil Office
Tel:
0055-11-31042449, 86523450
Email: chenxuewei@bjholland.com
Add:
Praça da Liberdade, 118, Conj42, São Paulo, SP
Overall payment appraisal :
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet 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.
Bank of China
AC #:
07555108091001
Relationship:
Normal.
Balance Sheet
Unit: CNY’000
|
|
as of Dec. 31,
2009 |
as of Dec. 31,
2010 |
|
Cash & bank |
5,900 |
2,810 |
|
Inventory |
1,590 |
1,120 |
|
Accounts
receivable |
1,700 |
1,770 |
|
Advances to
suppliers |
-3,790 |
5,530 |
|
Other
receivables |
2,970 |
3,050 |
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Other current
assets |
50 |
410 |
|
|
------------------ |
------------------ |
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Current assets |
8,420 |
14,690 |
|
Fixed assets net
value |
300 |
160 |
|
Long-term
investment |
0 |
0 |
|
Projects under
construction |
0 |
0 |
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Intangible and
other assets |
0 |
0 |
|
|
------------------ |
------------------ |
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Total assets |
8,720 |
14,850 |
|
|
============= |
============= |
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Short loans |
1,600 |
1,470 |
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Accounts payable |
50 |
2,110 |
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Advances from
clients |
0 |
0 |
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Other Accounts
payable |
0 |
0 |
|
Taxes payable |
110 |
140 |
|
Other
current liabilities |
2,160 |
6,230 |
|
|
----------------- |
----------------- |
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Current
liabilities |
3,920 |
9,950 |
|
Long term
liabilities |
0 |
0 |
|
|
------------------ |
------------------ |
|
Total
liabilities |
3,920 |
9,950 |
|
Shareholders
equities |
4,800 |
4,900 |
|
|
------------------ |
------------------ |
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Total
liabilities & equities |
8,720 |
14,850 |
|
|
============= |
============= |
Income Statement
Unit: CNY’000
|
|
as of Dec. 31,
2010 |
|
Turnover |
27,890 |
|
Cost of goods
sold |
23,020 |
|
Sales expense |
2,510 |
|
Management expense |
2,810 |
|
Finance expense |
80 |
|
Profit before
tax |
160 |
|
Less: profit tax |
50 |
|
Profits |
110 |
Important Ratios
=============
|
|
as of Dec. 31,
2009 |
as of Dec. 31,
2010 |
|
*Current ratio |
2.15 |
1.48 |
|
*Quick ratio |
1.74 |
1.36 |
|
*Liabilities
to assets |
0.45 |
0.67 |
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*Net profit
margin (%) |
/ |
0.39 |
|
*Return on
total assets (%) |
/ |
0.74 |
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*Inventory
/Turnover ×365 |
/ |
15 days |
|
*Accounts
receivable/Turnover ×365 |
/ |
23 days |
|
*Turnover/Total
assets |
/ |
1.88 |
|
* Cost of
goods sold/Turnover |
/ |
0.83 |
PROFITABILITY:
AVERAGE
l
The turnover of SC appears average in 2010.
l
SC’s net profit margin is average in 2010.
l
SC’s return on total assets is average in 2010.
l
SC’s cost of goods sold is average in 2010,
comparing with its turnover.
LIQUIDITY: AVERAGE
l
The current ratio of SC is maintained in a normal
level.
l
SC’s quick ratio is maintained in a normal level.
l
The inventory of SC appears average in both years.
l
The accounts receivable of SC appears average in
both years.
l
The short-term loan is average in both years.
l
SC’s turnover is in an average level in 2010,
comparing with the size of its total assets.
LEVERAGE: AVERAGE
l
The debt ratio of SC is average in both years.
l
The risk for SC to go bankrupt is average.
Overall financial
condition of the SC: Stable.
SC is considered small-sized in its line with stable financial conditions.
A credit line up to USD 50,000 would appear to be within SC’s capacities.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
|
UK Pound |
1 |
Rs.82.73 |
|
Euro |
1 |
Rs.68.88 |
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 |
|
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 |
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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.