MIRA INFORM REPORT
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Report Date : |
19.02.2011 |
IDENTIFICATION DETAILS
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Name : |
SHENZHEN CHINA-KYLE SPECIAL STEEL CO., LTD. |
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Registered Office : |
Room 2401 |
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Country : |
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Date of Incorporation : |
24.12.2010 |
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Com. Reg. No.: |
440301105129389 |
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Legal Form : |
One Person Limited Liability Company |
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Line of Business : |
Subject will be
engaged in exporting steel 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 : |
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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
SHENZHEN CHINA-KYLE SPECIAL STEEL CO., LTD.
ROOM 2401
23-1-1 2401
TEL: 86
(0) 755-83024440 FAX: 86 (0)
755-83024440-802
EXECUTIVE SUMMARY
INCORPORATION DATE : DEC. 24, 2010
REGISTRATION NO. : 440301105129389
REGISTERED LEGAL FORM : ONE PERSON LIMITED
LIABILITY COMPANY
STAFF STRENGTH :
12
REGISTERED CAPITAL : CNY 1,000,000
BUSINESS LINE :
TRADING
TURNOVER : N/A
EQUITIES :
N/A
PAYMENT :
Not yet determined
RECOMM.
MARKET CONDITION : N/A
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : SUBJECT TO LONGER
PERIOD OF OBSERVATION
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.59= USD 1
Adopted abbreviations
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY -
SC was registered as a one person limited liability company at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on Dec. 24, 2010.
Company Status: One-person
Limited Liability Company
Single person LLC refers to a
limited liability company set up by only one natural person or legal person
as the single shareholder of it. The minimum registered capital
of Single person LLC is CNY100,000. The shareholder’s capital contributes,
as set out by the articles of associations should be a lump-sum payment in
full. One natural person can only
invest in and set up one limited liability company, which is not permitted
to invest in and set up a new Single person LLC. As to any one-person limited
liability company, the sole-investor nature of the natural person or legal
person shall be indicated in the registration documents of the company and
shall be indicated in the business license thereof as well. The regulation of Single person
LLC should be set up by the shareholder The regulation of Single person
LLC has no shareholder meeting.
SC’s registered business scope includes selling special steel, steel
products, metal materials, machinery and parts and building materials; other
domestic trade.
Established
recently, SC has no business at present and it is released by SC’s financial
manager Ms. Zhao that SC will be mainly engaged in exporting steel products.
Mr. Zong Yuanjian
has been chairman of SC since 2010.
SC is known
to have approx. 12 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 150 square meters.
www.china-kyle.com The design is professional and the content
is well organized. At present it is in both Chinese and English versions.
Email: Sales@China-Kyle.com
It is said SC will start its operation in May, 2011.
MAIN
SHAREHOLDERS:
Name %
of Shareholding
Shenzhen China-Kyle Investment Co., Ltd. 100
==============================
Registered number: 440301103080205
Legal rep.: Zong Yuanjian
Registered capital: CNY 10,000,000
Legal form: Limited Liabilities Company
Incorporated date: Feb. 16, 2007
Main shareholders:
Jiang Huichao 70%
Zong Yuanjian 30%
Add: Room 2402
Tel: 86 (0) 755-83024440
Fax: 86 (0) 755-83024440-802
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Chairman:
Mr. Zong Yuanjian, in his
Working Experience(s):
From 2010 to present Working
in SC as chairman.
Also working in Shenzhen China-Kyle Investment Co., Ltd., as chairman.
l
General Manager:
Mr. Qi Bin, in his
Working Experience(s):
From 2010 to present
Working in SC as general
manager.
Established
recently, SC has no business at present and it is released by SC’s financial
manager Ms. Zhao that SC will be mainly engaged in exporting steel products.
SC expects to
start its operation in May, 2011.
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 : 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.
Bank of
AC#
816914747408091001
Relationship:
Established recently, SC has not files its annual financial reports yet.
SC was established recently in Dec., 2010, and its credit has not been
established yet. Credit dealings with SC are recommended under guarantee.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.18 |
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1 |
Rs.73.04 |
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Euro |
1 |
Rs.61.43 |
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 |
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.