MIRA INFORM REPORT
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Report Date : |
05.07.2011 |
IDENTIFICATION DETAILS
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Name : |
ANHUI IMPEX CO., LTD. |
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Registered Office : |
Room 501, 28 Bldg.,
Feicuiyuan, Shushan District, Hefei City, Anhui Province 230061 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
28.11.2005 |
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Com. Reg. No.: |
340100000195440 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
International Trade |
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 10,000 |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
ANHUI IMPEX CO., LTD.
ROOM 501, 28 BLDG.,
FEICUIYUAN, SHUSHAN DISTRICT
HEFEI CITY, ANHUI
PROVINCE 230061 PR CHINA
TEL:
86 (0) 551-5151831
FAX:
86 (0) 551-5151322
EXECUTIVE SUMMARY
Date
of Registration : NOVEMBER 28,
2005
REGISTRATION
NO. : 340100000195440
LEGAL
FORM : Limited liabilities company
REGISTERED
CAPITAL :
cny 1,000,000
staff : 7
BUSINESS
CATEGORY :
TRADING
Revenue : CNY 48,420,000
(AS OF DEC. 31, 2010)
EQUITIES : CNY 1,350,000
(AS OF DEC. 31, 2010)
WEBSITE : N/A
E-MAIL : Tsesane@Gmail.Com
PAYMENT
: AVERAGE
Recommended
Credit Limit: UP TO USD 10,000
MARKET
CONDITION : average
FINANCIAL
CONDITION : FAIRly stable
OPERATIONAL
TREND : ordinary
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : CNY 6.47 = USD
1
Adopted abbreviations (as
follows)
SC - Subject Company (the company inquired by you)
N/A – Not available
CNY – China Yuan Ren Min Bi
OPERATIONAL TREND & GENERAL
REPUTATION
This section aims at
indicating the relative positions of SC in respect of its operational trend
& general reputation
Operational Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not known Not
yet be determined
Not yet be
determined
LEGAL STATUS & HISTORY
SC was established as a limited liabilities
company of PRC with State Administration of Industry & Commerce (SAIC)
under registration No.: 340100000195440 on November 28, 2005.
SC’s Organization Code Certificate No.: 783056309
SC’s registered capital: cny 1,000,000
SC’s paid-in capital: cny 1,000,000
No significant changes of SC have been noted in SAIC since its
incorporation.
Current Co search
indicates SC’s shareholders & chief executives are as follows:-
|
Name of
Shareholder (s) |
% of
Shareholding |
|
Yu Jiabing |
70 |
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Li Jihong |
30 |
SC’s Chief
Executives:-
Legal Representative, Chairman, and General Manager: Yu Jiabing
Supervisor: Li Jihong
RECENT DEVELOPMENT
No recent
development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name % of Shareholding
Yu Jiabing 70
Li Jihong 30
MANAGEMENT
Yu Jiabing, Legal Representative, Chairman,
and General Manager
---------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Age: 45
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as legal representative, chairman
and general manager
Li
Jihong , Supervisor
----------------------------------------
Ø
Gender: F
Ø
Age:
42
Ø
ID#
340303690124002
Ø
Qualification:
University
BUSINESS OPERATION
SC’s registered business scope includes selling native and agriculture by-products (excluding food), light
industry arts & crafts, hardware, electronics, machine & equipment,
chemical products (excluding hazardous
chemicals), textile, garments, general merchandise; importing and exporting commodities and
technology (excluding the items prohibited by the state).
SC is mainly engaged in international trade.
SC’s products mainly include: native and
agriculture by-products, etc.
SC sources its materials 80% from domestic market, and 20% from
overseas market. SC sells 60% of its products in domestic market, and 40% to
overseas market.
The buying terms of SC include T/T, L/C and
Credit of 30-60 days. The payment terms of SC include T/T, L/C and Credit of
30-60 days.
Staff
& Office:
--------------------------
SC is known to have approx. 7 staff at present.
SC rents an area as its operating office, but
the detailed information is unknown.
RELATED COMPANY
SC is not known to have any subsidiary at present.
PAYMENT
Overall payment
appraisal:
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet be 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.
BANKING
The bank information of SC is not filed in SAIC.
FINANCIALS
Financial Summary
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Unit: CNY’000 |
As of Dec. 31, 2009 |
As of Dec. 31, 2010 |
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Long term
investment |
0 |
0 |
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Total assets |
4,180 |
5,750 |
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Total liabilities |
3,050 |
4,400 |
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Equities |
1,130 |
1,350 |
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------------- |
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Revenue |
50,270 |
48,420 |
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Profit before tax |
200 |
340 |
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Less: profit tax |
70 |
130 |
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Profits |
130 |
210 |
Note: The
detailed financials for Y2009 & Y2010 are not filed in SAIC.
Important Ratios
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As of Dec. 31, 2009 |
As of Dec. 31, 2010 |
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*Liabilities to assets |
0.73 |
0.77 |
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*Net profit margin (%) |
0.26 |
0.43 |
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*Return on total assets (%) |
3.11 |
3.65 |
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* Revenue/Total assets |
12.03 |
8.42 |
FINANCIAL COMMENTS
PROFITABILITY: AVERAGE
l
The
turnover of SC appears average, it decreased in 2010.
l
SC’s net
profit margin is average both years.
l
SC’s
return on total assets is fairly good in both years.
LIQUIDITY: AVERAGE
l
SC’s
revenue is in a fairly good level, 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: Fairly
Stable.
CONCLUSIONS
SC is considered
small-sized in its line with fairly stable financial conditions. A credit line
at the above amount appears beyond SC’s capacities, while a credit line up to
USD 10,000 is recommended.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.46 |
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UK Pound |
1 |
Rs.71.53 |
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Euro |
1 |
Rs.64.63 |
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.