MIRA INFORM REPORT
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Report Date : |
09.06.2011 |
IDENTIFICATION DETAILS
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Name : |
XING RUINA CHEMICAL CO., LTD. |
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Registered Office : |
Room No. 2704, Building
No. 7, B2, Dijingcheng, No. 255, Gongnong Street, Qiaoxi District,
Shijiazhuang City, Hebei Province 050091 Pr |
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Country : |
China |
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Date of Incorporation : |
10.01.2011 |
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Com. Reg. No.: |
130100000344983 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling Chemical
Materials & Products, Plastic Products, and Rubber Products; importing
and exporting commodities and technology |
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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Maximum Credit Limit : |
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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 – 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
XING RUINA CHEMICAL CO., LTD.
ROOM NO. 2704,
BUILDING NO. 7, B2, DIJINGCHENG,
NO. 255, GONGNONG
STREET, QIAOXI DISTRICT,
SHIJIAZHUANG CITY,
HEBEI PROVINCE 050091 PR CHINA
TEL: 86 (0)
311-67698661
FAX:
86 (0) 311-67665090
EXECUTIVE SUMMARY
Date
of Registration : january 10,
2011
REGISTRATION
NO. : 130100000344983
LEGAL
FORM : limited
liabilities company
REGISTERED CAPITAL : CNY 3,000,000
staff : 3
BUSINESS CATEGORY : TRADING
Revenue :
n/a
EQUITIES :
n/a
E-MAIL :
N/A
PAYMENT :
NOT YET BE DETERMINED
RECOMMENDED
CREDIT
LIMIT : C.O.D.
MARKET CONDITION :
currently remains to be observed
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : NOT YET BE DETERMINED
GENERAL
REPUTATION : FAIR
EXCHANGE RATE :
CNY 6.48 = 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 for Industry
& Commerce (SAIC) under registration No.: 130100000344983 on January 10,
2011.
Organization Code:
567375102.
SC’s registered
capital: CNY 3,000,000.
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 |
|
Zhang Limin |
90 |
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Wang Genfu |
10 |
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--- |
--- |
SC’s Chief
Executives:
Legal
Representative, Chairman and General Manager :
Zhang Limin
Supervisor :
Wang Genfu
RECENT
DEVELOPMENT
No recent
development was found during our checks at present.
SHAREHOLDER
CHART & BACKGROUND
Name % of Shareholding
Zhang Limin 90
Wang Genfu 10
MANAGEMENT
u
Zhang Limin, Legal
Representative, Chairman and General Manager
Age:
Gender: M
Qualification: University
At present Working in SC as legal representative, chairman and general manager.
u
Wang Genfu Supervisor
Age: N/A
Gender: M
Qualification: University
BUSINESS
OPERATION
SC’s registered business scope includes selling chemical materials & products, plastic products, and rubber
products; importing and exporting commodities and technology
SC has not started its normal
business so far, and it is expected that SC will be mainly engaged in selling
chemical materials and products.
SC’s products will mainly include
various chemical products.
SC has got import and export
right.
Staff & Office:
SC is known to
have approx. 3 staff at present.
Personal Planning: [X] increase of employee [ ] No [ ]
Downsizing
SC rents an area as its operating
office, but the detailed information is unknown.
RELATED COMPANY
It is not known to have any subsidiary at present.
PAYMENT
Overall payment
appraisal:
( ) Excellent ( ) Good ( ) Average ( ) Fair ( ) Poor (X) 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 records 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.
BANKING
Bank of China Hebei Branch
AC#: N/A
FINANCIALS
Established
as a new company on January 10, 2011, SC’s financials are not available at
present.
CONCLUSIONS
SC was established
recently in 2011, and its credit has not been established yet. Great caution is
required in providing credit to SC & C.O.D. is recommended.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.61 |
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UK Pound |
1 |
Rs.73.28 |
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Euro |
1 |
Rs.65.47 |
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.