MIRA
INFORM REPORT
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Report Date : |
08.07.2011 |
IDENTIFICATION DETAILS
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Name : |
WUXI CITY DONGHU CHEMICAL PLANT |
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Registered Office : |
Rihui Bridge, Donghutang, Donggang Town, Xishan District
Wuxi City, Jiangsu Province 214196 Pr |
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Country : |
China |
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Date of Incorporation : |
10.10.1997 |
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Com. Reg. No.: |
320205000022870 |
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Legal Form : |
Sole Proprietorship Enterprise |
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Line of Business : |
Manufacturing Tributyl phosphate, triethyl
phosphate, Tri-isobutyl phosphate, phosphate ester, hydrochloride, exporting its
products and technology |
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 – March 31st, 2011
|
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 |
Name and address
WUXI CITY DONGHU CHEMICAL PLANT
RIHUI BRIDGE, DONGHUTANG, DONGGANG TOWN, XISHAN DISTRICT
WUXI CITY, JIANGSU PROVINCE 214196 PR CHINA
TEL: 86 (0) 510-88791905
FAX: 86 (0) 510-88790905
EXECUTIVE SUMMARY
Date of Registration : OCTOBER 10, 1997
REGISTRATION NO. : 320205000022870
LEGAL FORM : Sole Proprietorship enterprise
REGISTERED CAPITAL : CNY 500,000
staff :
44
BUSINESS CATEGORY : manufacturing
Revenue : N/A
EQUITIES :
N/A
WEBSITE : http://www.donghu-chem.com
E-MAIL :
wang-8408@hotmail.com
PAYMENT :
AVERAGE
Recommended Credit Limit: small amount
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
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 sole proprietorship enterprise
of PRC with State Administration of Industry & Commerce (SAIC) under
registration No.: 320205000022870 on October
10, 1997.
Note:
This form of business in PR China is a private
enterprise formed by an individual, which does not have the legal person or
limited liability status. The co. is solely operated by the sole investor who
is responsible for all risks & liabilities of the co.
SC’s Organization Code Certificate No.:
A80630610
SC’s registered capital: CNY 500,000
Registration Change Record:
|
Date |
Change of
Contents |
Before the change |
After the change |
|
-- |
Company name |
Xishan City Donghutang Chemical Plant |
Wuxi City Donghu
Chemical Plant |
Current Co search indicates SC’s shareholders & chief executives are
as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Wang Jianguo |
100 |
SC’s Chief Executives:-
Principal: Wang Jianguo
RECENT DEVELOPMENT
SC has got the certificate ISO9001.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Wang Jianguo 100
MANAGEMENT
Wang Jianguo ,
Principal
--------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At
present, working in SC as principa
Pu Gaoqi , Sales
Manager
---------------------------------------------
Ø
Gender: M
Ø
Mobile:
86 (0) 15861586823
BUSINESS OPERATION
SC’s registered business scope includes manufacturing
Tributyl phosphate, triethyl phosphate, Tri-isobutyl phosphate, phosphate
ester, hydrochloride, exporting its products and technology; importing materials, instrument,
machinery and equipment, parts and technology needed for its production, excluding
the goods forbidden by the government.
SC is mainly
engaged in manufacturing and selling chemical products.
SC’s products
mainly include: Tributyl phosphate, Tri-isobutyl phosphate, Tris
(2-chloroethyl) phosphate, etc.
The
annual production capacity of organic phosphate reaches 5,000 tons, which takes
a leading role in local area.
SC sources its materials 100% from domestic
market. SC sells 85% of its products in domestic market, and 15% to overseas
market, mainly Southeast Asian market.
The buying terms
of SC include T/T 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. 44 staff at
present.
SC owns an area as
its operating office & factory of approx. 6,000 sq. meters at the heading
address.
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
Basic Bank:
Bank
of China Donghutang Sub-branch
AC# 04743508091001
FINANCIALS
As a sole proprietorship
enterprise, SC is not required to submit its finance information to the
local SAIC.
CONCLUSIONS
SC is considered small-sized in its line with a development history of
14 year. Credit dealings with SC should be confined into small amount at
present.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.42 |
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|
1 |
Rs.70.95 |
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Euro |
1 |
Rs.63.63 |
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 |
|
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 |
|
-- |
NB |
New Business |
-- |
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.