MIRA
INFORM REPORT
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Report Date : |
25.05.2011 |
IDENTIFICATION DETAILS
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Name : |
KUNMING BEIZHAO
TRADE CO., LTD. |
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Registered Office : |
Room A18-28, Technology & Innovation Mansion, No. 3
Jingkai Road, Economic & Technological Development Zone, Kunming City,
Yunnan Province, 650224 Pr |
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Country : |
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Date of Incorporation : |
09.11.2010 |
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Com. Reg. No.: |
530100100224170 |
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Legal Form : |
Limited Liabilities Co. |
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Line of Business : |
Importing
and Exporting Electronic Products and Machines. |
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, 2010
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
KUNMING BEIZHAO TRADE CO., LTD.
ROOM A18-28,
ECONOMIC & TECHNOLOGICAL DEVELOPMENT ZONE,
TEL: 86 (0) 871-6013656/13658715154
FAX: 86 (0) 871-6015867
EXECUTIVE SUMMARY
INCORPORATION DATE : NOV. 9, 2010
REGISTRATION NO. :
530100100224170
REGISTERED LEGAL FORM : LIMITED LIABILITIES CO.
STAFF STRENGTH : 3
REGISTERED CAPITAL : CNY 1,000,000
BUSINESS LINE : TRADING
TURNOVER : N/A
EQUITIES :
N/A
PAYMENT :
NOT YET DETERMINED
RECOMM.
MARKET CONDITION : FAIR
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : SUBJECT TO LONGER PERIOD OF
OBSERVATION
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.50100=USD
Adopted abbreviations
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY –
Note: SC’s correct address should be the heading
one, instead of the given one “Yunkai,
SC’s correct name should be the heading
one, instead of the given one “Kunming Beizheo Import and Export Co.”.
SC was registered as a limited liabilities co. at local Administration for Industry &
Commerce (AIC-The official body of issuing and renewing business license) on
Nov. 9, 2010.
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 domestic
trade, supplying and selling of commodities.
SC is in
the stage of preparation now and has not started normal operation.
Mr.
Gao Dongliang has been legal representative, chairman and general manager of SC
since 2010.
SC is known to have approx. 3 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the economic & technological development zone of
Kunming. Our checks reveal that SC rents the total premise about 80 square
meters.
http://www.kmbzmy.com/ The design
is professional and the content is well organized. At present it is both in Chinese and English versions.
Email: kunmingbeizhao@163.com
SC has not started its normal operation yet.
MAIN SHAREHOLDERS:
Name %
of shareholdings
Gao Xiangqun 50
Gao Dongliang 50
l
Legal Representative, Chairman and General Manager:
Mr. Gao Dongliang in his
Working Experience(s):
From 2010 to present
Working in SC as legal representative, chairman and general manager.
Note: The given contact person “Mr. Yaolin Yuan”
is SC’s employee.
SC is in the stage
of preparation now and has not started normal operation. According to SC’s
employee, SC is expected to operate in August
of 2011 mainly engaged in importing and exporting
electronic products and machines.
SC is not known to have any subsidiary at
present.
Overall payment appraisal:
( ) Excellent (
) Good ( ) Average (
) Fair ( ) Poor
(X) 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: 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.
SC’s management
declined to release its bank details.
Established in Nov. of 2010, SC’s financial information is not
available in local AIC.
SC is considered small-sized in its line with a short history and SC has
not started normal operation yet. Credit dealings with SC should be confined
into C.O.D. at present.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.25 |
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1 |
Rs.72.82 |
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Euro |
1 |
Rs.63.58 |
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 |
-- |
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.