MIRA INFORM REPORT
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Report Date : |
02.06.2011 |
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Tel. No.: |
0576-88891330 |
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Fax No.: |
0576-88811295 |
IDENTIFICATION DETAILS
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Name : |
TAIZHOU ORIGINAL CHEMICAL CO., LTD. |
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Registered Office : |
3/F No. 147 Yunxi Road, Jiaojiang District, Taizhou, Zhejiang
Province, 518000 Pr |
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Country : |
China |
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Date of Incorporation : |
05.11.2009 |
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Com. Reg. No.: |
331082000041592 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Exporting Active Pharmaceutical Ingredients |
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 |
Company name & address
TAIZHOU ORIGINAL
CHEMICAL CO., LTD.
3/F NO. 147 YUNXI ROAD, JIAOJIANG DISTRICT,
TAIZHOU,
ZHEJIANG PROVINCE, 518000 PR CHINA
TEL: 86 (0) 576-88891330 FAX: 86 (0) 576-88811295
EXECUTIVE SUMMARY
INCORPORATION
DATE :
NOV. 5, 2009
REGISTRATION NO. :
331082000041592
REGISTERED LEGAL FORM : LIMITED
LIABILITIES COMPANY
STAFF STRENGTH :
20
REGISTERED CAPITAL :
CNY 10,000,000
BUSINESS LINE :
INTERNATIONAL TRADE
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT : AVERAGE
RECOMM.
CREDIT RANGE : SMALL AMOUNT
MARKET
CONDITION : AVERAGE
FINANCIAL
CONDITION : N/A
OPERATIONAL
TREND : FAIRLY STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : CNY 6.49 = 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
Note: SC is operating in the heading address, while the given address Yanhai Industrial Zone, Linhai, Zhejiang is the registered address of SC.
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 Nov. 5, 2009.
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
wholesaling and retailing chemical materials, chemical products, plastic
materials, plastic products, rubber products, electromechanical equipment,
metal materials, building materials and electronic components; importing and
exporting goods and technologies.
SC is mainly engaged in exporting active pharmaceutical
ingredients.
Mr. Lin Rongguan has
been legal representative and chairman of SC since 2009.
SC is known to
have approx. 20 employees at present.
SC is currently operating at the above stated address, and this address houses its operating office in the commercial zone of Taizhou. Our checks reveal that SC rents the total premise about 300 square meters.
SC is not known to
host website of its own at present.
SC was taken into operation
in Jul., 2010.
MAIN SHAREHOLDERS:
Name % of Shareholding
Zhejiang Jianfeng Haizhou Pharmaceutical
Co., Ltd. 96.00
Guo YiID# 332623197601110027 2.79
Lin Rongguan ID# 332626197802063035 1.21
Zhejiang Jianfeng Haizhou Pharmaceutical Co., Ltd.
==================================
Tel: (86) 0576-85588191/88301568
Fax: (86) 0576-85588190/88811295
Address: Yunxi Road 147#, Jiaojiang, Taizhou, Zhejiang
Production Address: Linhai, APIs Base, Zhejiang
Web: http://www.haizhoupharm.com
E-mail: sales@haizhoupharm.com
l
Legal
Representative, Chairman
and General Manager:
Mr. Lin Rongguan, born in 1978, with university education. He is currently
responsible for the overall management of SC.
Working Experience(s):
From 2009 to present Working in SC as chairman, legal representative and general manager.
SC is mainly engaged in exporting active pharmaceutical
ingredients.
SC’s products mainly include active pharmaceutical
ingredients.
SC was taken into operation
in Jul., 2010.
SC sources its materials 100% from domestic market. SC
sells 100% of its products to overseas market, mainly Europe, India and
Southeast Asia.
The
buying terms of SC include Check, T/T and Credit of 30-60 days. The payment
terms of SC include Check, T/T, L/C and Credit of 30-60 days.
Note: SC’s
management declined to release SC’s main clients and suppliers.
Taizhou Orient Special Chemicals Co., Ltd.
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 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.
Bank of China
Taizhou Branch
AC# N/A
Relationship: Normal.
SC was taken into operation
in Jul., 2010, so the financial reports of SC are not available at present.
SC is considered small-sized
in its line with a short operating history. Credit dealings with SC should be
confined into small amount at present.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.89 |
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UK Pound |
1 |
Rs.73.85 |
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Euro |
1 |
Rs.64.76 |
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.