MIRA
INFORM REPORT
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Report Date : |
05.01.2011 |
IDENTIFICATION DETAILS
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Name : |
Qixian Tianshui Chemical Plant |
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Registered Office : |
West Of |
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Country : |
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Date of Incorporation : |
24.06.1996 |
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Com. Reg. No.: |
410622000000044 |
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Legal Form : |
Collective-Owned |
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Line of Business : |
Manufacturing and selling chemical products |
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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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 – 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 |
Name and address
QIXIAN TIANSHUI
CHEMICAL PLANT
WEST OF
TEL: 86 (0) 392-7271888 FAX: 86 (0) 392-7271999
EXECUTIVE SUMMARY
INCORPORATION DATE : JUN. 24, 1996
REGISTRATION NO. : 410622000000044
REGISTERED LEGAL FORM : Collective-owned
STAFF STRENGTH :
110
REGISTERED CAPITAL : CNY 300,000
BUSINESS LINE :
MANUFACTURING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
average
RECOMM.
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.60= 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 Collective-owned enterprise at
local Administration for Industry & Commerce (AIC - The official body of
issuing and renewing business license) on Jun. 24, 1996.
Company Status: Collective-owned enterprise This form of business in PR
China is defined as a legal person. It is a private held entity owned by a
set number of private individuals (usually employees of the co., residents
of a village or town), domestic business organizations or domestic
institutions. The general manager who was appointed by the employees
representative meeting manages the co. The laboring masses work together
based on the principle of distribution according to work, reasonably share
the profit, and win certain accumulated public fund. The collective-owned
enterprise is independent economic organization and legal corporation
engaged in production & operation activities and independent
accounting, with self-management and self-responsibility for the profit and
loss.
SC’s registered business scope includes manufacturing and selling
chemical products; importing and exporting various goods and technology.
SC is mainly
engaged in manufacturing and selling chemical products.
Mr. Wang
Rongyin is now acting as general manager
of SC.
SC is known
to have approx. 110 employees at present.
SC is
currently operating at the above stated address, and this address houses its
operating office and factory in the industrial zone of Qixian. Our checks
reveal that SC owns the total premise about 26,000 square meters.
SC’s
foreign trade department is located in RM. 50, 1# Building, Jinlong Xianqu,
Tel:
+86-371-6573 3011
Fax:
+86-371-6573 3022
MSN: chemlois@hotmail.com
http://www.tshgc.com
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-Mail: chemlois@gmail.com;
lois@tshgc.com
*To what extent is
your company affected by the current Credit Crisis?
SC’s management declined to make any comments.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Qixian Civil Affairs Bureau Shuangfu Service
Co. (literal translation) 100
l
Legal Rep. and General Manager:
Mr. Wang Rongyin , in his
Working Experience(s):
At present Working
in SC as legal rep. and general manager.
SC is mainly
engaged in manufacturing and selling chemical products.
SC’s products
mainly include:
Ammonium
Thiocyanate
Sodium
Thiocyanate
Sodium Thiocyanate
50% Solution
Potassium
Thiocyanate
Sodium Hydrosulfide
Carbon
Disulfide
Perchloromethyl
mercapta
Trimethyl-hydroquinon
SC sources its
materials 100% from domestic market. SC sells 80% of its products in domestic
market, and 20% to the overseas market, mainly
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include T/T, L/C and Credit of 30-60 days.
SC is
not known to have any subsidiary at present.
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 records
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 Construction Bank Qixian Sub-branch
AC# 41001508410050200991
Relationship:
SC’s financial reports were not found during our checks with local AIC.
SC’s management declined to release its financial reports.
SC is considered small-sized in its line with a long development
history. Credit dealings with SC in small amount appear acceptable.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.84 |
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1 |
Rs.69.32 |
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Euro |
1 |
Rs.59.79 |
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.