MIRA INFORM REPORT
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Report Date : |
27.12.2011 |
IDENTIFICATION DETAILS
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Name : |
GOLD LOYAL INTERNATIONAL INVESTMENT HOLDING
LTD |
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Registered Office : |
17e, Times Fortune
Building, No. 88, Fuhua 3rd Road, Futian Central District, Shenzhen,
Guangdong Province, 518026 Pr |
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Country : |
China |
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Date of Incorporation : |
26.01.2011 |
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Com. Reg. No.: |
440301105189932 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Subject will engaged in
selling rubber products and projects investment. |
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No. of Employees
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5 persons |
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 : |
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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
gold loyal international investment holding Ltd.
17e, times fortune
building, no. 88, fuhua 3rd road, futian central district, SHENZHEN,
GUANGDONG PROVINCE, 518026 PR CHINA
TEL: 86 (0)
755-83251896 / 83252068 FAX: 86 (0)
755-82782505 / 82252505
EXECUTIVE SUMMARY
INCORPORATION DATE : jan. 26, 2011
REGISTRATION NO. : 440301105189932
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH : 5
REGISTERED CAPITAL : CNY 10,000,000
BUSINESS LINE :
TRADING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
NOT YET DETERMINED
RECOMM. CREDIT RANGE :
C.O.D.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
SUBJECT TO LONGER PERIOD OF OBSERVATION
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.3133 = 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 Company at local
Administration for industry & commerce (AIC - the official body of issuing
and renewing business license) on Jan. 26, 2011.
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 industry development
(projects need to be reported for authorization); domestic trading; import and export
business (items which are prohibited by law and restricted under government
regulation are exceptional. Special permit is required prior to execution for
restricted item); investment management and enterprise management consultation.
SC has not started its normal
operation yet. According to the management of SC, SC will be mainly engaged in
selling rubber products and investment business.
Mr. Xu Hongwei is chairman of SC at present.
SC is known to have approx. 5 employees at present.
SC is
currently operating at the above stated address, and
this address houses its operating office in the commercial zone of Shenzhen.
Our checks reveal that SC rents the total premise about 100 square meters.
SC is not known to host website of its own at present.
E-mail: hejing@sunrayint.com
No significant events or changes were found during our
checks with the local Administration for Industry and Commerce.
SC’s paid-up capital reached CNY 2,000,000.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Xu Xiaohong 20
Xu Hongwei 62.5
Xu Qiuping 10
Chen Xiaowei
7.5
l
Chairman & General Manager:
Mr. Xu Hongwei is currently responsible for the overall
management of SC.
Working Experience(s):
At present Working in SC as chairman and general manager.
*Officials:
=======
Name Title
Xu Xiaohong Supervisor
SC has not started its normal
operation yet. According to the management of SC, SC will be mainly engaged in
selling rubber products and projects investment.
SC is not
known to have any subsidiary at present.
Overall payment appraisal :
( ) Excellent (
) Good ( ) Average (
) Fair ( ) Poor
(X) 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.
China Everbright Bank Shenzhen Fortune Sub-branch
AC#78200188000105324
Relationship:
Normal
SC was established at the beginning of 2011, so its annual financial
reports are not available at present.
SC was established recently in 2011, and its credit has not been
established yet. Credit dealings with SC should be confined into C.O.D. at
present.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.82 |
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UK Pound |
1 |
Rs.82.07 |
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Euro |
1 |
Rs.68.93 |
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.