MIRA INFORM REPORT
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Report Date : |
10.06.2011 |
IDENTIFICATION DETAILS
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Name : |
BAORUILIN JEWELRY |
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Registered Office : |
Room 705, Wuzi Bldg., No. 3092 Renmin North Road, Luohu
District, Shenzhen, Guangdong Province 518001 Pr |
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Country : |
China |
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Date of Incorporation : |
21.05.2010 |
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Com. Reg. No.: |
440303602227512 |
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Legal Form : |
Partnership |
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Line of Business : |
purchasing and selling
gold, platinum and jewelry, and domestic trade |
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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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
BAORUILIN JEWELRY
ROOM 705, WUZI BLDG., NO. 3092 RENMIN NORTH ROAD,
LUOHU DISTRICT, SHENZHEN, GUANGDONG PROVINCE 518001 PR CHINA
TEL: 86 (0) 755-82192139
FAX: N/A
EXECUTIVE SUMMARY
Date of Registration : MAY 21, 2010
REGISTRATION NO. : 440303602227512
LEGAL FORM : Partnership
REGISTERED CAPITAL :
n/a
staff : 4
BUSINESS CATEGORY :
trading
Revenue : n/a
EQUITIES : n/a
WEBSITE : n/a
E-MAIL :
n/a
PAYMENT : AVERAGE
Recommended Credit
Limit : C.O.D.
MARKET CONDITION : fair
FINANCIAL CONDITION : n/a
OPERATIONAL TREND :
ORDINARY
GENERAL REPUTATION : AVERAGE
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
Note: According to
SC’s employee, Mr. David (given person) is working in SC.
SC was
established as a partnership of PRC with State Administration of Industry &
Commerce (SAIC) under registration No.: 440303602227512 on
May 21, 2010.
SC’s Organization Code Certificate
No.: 555449338
Amount of Investment: CNY 100,000.
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 |
|
Gu Yunjun |
30 |
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Ma Qian |
35 |
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Yuan Gang |
35 |
SC’s Chief Executives:-
Principal: Gu Yunjun
Other Management: Ma Qian
Yuan Gang
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Gu Yunjun 30
Ma Qian 35
Yuan Gang 35
Note: Amount of Investment: CNY 100,000.
MANAGEMENT
Gu
Yunjun, Principal
----------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
Ø
From
2010 to present, working in SC as principal
BUSINESS OPERATION
SC’s registered business scope includes purchasing and
selling gold, platinum and jewelry, and domestic trade.
SC is
mainly engaged in selling gold, platinum and diamond jewelry.
SC’s
products mainly include: gold, platinum and diamond jewelry.
SC sources its materials 100% from domestic
market. SC sells 100% of its products in domestic market, mainly Guangdong and
Jiangsu.
The
buying terms of SC include T/T and Credit of 30 days. The payment terms of SC
include T/T, Check, T/T and Credit of 30 days.
Staff & Office:
--------------------------
SC is
known to have approx. 4 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: 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
The bank
information of SC is not filed in SAIC.
FINANCIALS
As a partnership, SC is not required to
submit its finance information to the local SAIC.
CONCLUSIONS
SC is considered small-sized in its line with a short history. A credit
line at the above amount appears beyond SC’s capacities, great caution is required
in providing credit to SC and C.O.D. is recommended.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.72 |
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UK Pound |
1 |
Rs.73.47 |
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Euro |
1 |
Rs.65.38 |
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.