MIRA
INFORM REPORT
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Report Date : |
16.05.2011 |
IDENTIFICATION DETAILS
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Name : |
taixing
ps plate co., ltd. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22.03.1993 |
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Com. Reg. No.: |
321283000000878 |
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Legal Form : |
Shares Jointly Owned |
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Line of Business : |
Manufacturing and Selling Printing Plate. |
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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 and address
taixing ps plate co., ltd.
TEL: 86 (0) 523-87458698
FAX: 86 (0) 523-87458698
EXECUTIVE SUMMARY
INCORPORATION DATE : MAR. 22, 1993
REGISTRATION NO. : 321283000000878
REGISTERED LEGAL FORM : SHARES JOINTLY OWNED
STAFF STRENGTH : 30
REGISTERED CAPITAL :
CNY 516,000
BUSINESS LINE : MANUFACTURING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
CNY 6.53 = USD 1
Adopted abbreviations
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY -
Note: SC is also known as Jiangsu Taixing PS Plate Co., Ltd.
SC was registered as a shares jointly owned enterprise at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on Mar. 22, 1993.
Company Status: Shares
jointly owned enterprise This form of business in PR China is defined as a legal
person whose registered capital is mostly or wholly raised by
the staff members of the enterprise. Its shareholders consist of at
least 8 staff members, and the staff members that are not
shareholders should be less than 10% of the total staff members.
It operates as a cooperative, under democratic management, paying
salaries according to the achievements of staff members and distributing
its profit according the shares owned.
SC’s registered business
scope includes manufacturing print material, aluminum, printing equipment;
exporting its products and importing the machinery, parts, materials and
technology needed for its production.
SC is mainly
engaged in manufacturing and selling printing plates.
Mr. Huang Yongjian
is now acting as legal representative and chairman of
SC.
SC is
known to have approx. 30 employees at present.
SC
is currently operating at the above stated address,
and this address houses its operating office and factory in the industrial zone
of Taixing. Our checks reveal that SC rents the total premise about 17,000
square meters.
http://www.cnyingang.com The
design is professional and the content is well organized. At present it is in
both Chinese and English versions.
Email:
SC has got the certificate of ISO900:2000.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Ding Renhua ID#:
321025620320721 3.10
Ding Renjian
ID#: 321025620520721 9.69
Huang Yonghua ID#: 321025600202721 19.38
Huang Yongjian ID#: 321025560221721 46.51
Sun Xiuxia ID#: 321025560112728 9.69
Xue Wei ID#:
321085681213721 5.81
Zhang Ming ID#: 321025551114723 1.94
Zhou Meiqiao ID#: 321025651124723 3.88
l
Legal Representative, Chairman and
General Manager:
Mr. Huang Yongjian, born in 1956, with
university education. He is currently responsible for the overall management of
SC.
Working Experience(s):
Now Working in SC as chairman, legal
representative and general manager.
SC is mainly
engaged in manufacturing and selling printing plate.
SC’s products
mainly include PS plate and CTP plate.
SC sources its materials 90%
from domestic market, and 10% from the overseas market, mainly
The buying terms of SC include Check, T/T, L/C and Credit of
30-60 days. The payment terms of SC include Check, T/T, L/C and Credit of 30-60
days.
*Major Supplier:
=============
Huzhou Century Dongliang Aluminum Co. Ltd.
Tel 86 572-2699715
SC
is not known to have any subsidiary at present.
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’s supplier
declined to make any comments.
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.
SC’s management declined
to release its bank details.
SC’s financial reports were not found during our checks with local AIC.
SC’s management declined to release its financial reports.
SC is considered small-sized in its line with 18 years operating
history. Credit dealings with SC should be confined into small amount at
present.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.91 |
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1 |
Rs.73.06 |
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Euro |
1 |
Rs.64.03 |
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.