MIRA INFORM REPORT
|
Report Date : |
10.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
LIO PEN-MAKING FACTORY |
|
|
|
|
Registered Office : |
Building 15, No. 19 Jinkeng Middle Road, Baijiao Town, Doumen District, Zhuhai City, Guangdong Province, 519125 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Date of Incorporation : |
07.02.2006 |
|
|
|
|
Com. Reg. No.: |
440403600156001 |
|
|
|
|
Legal Form : |
Individual-Owned Enterprise |
|
|
|
|
Line of Business : |
Manufacturing And Selling Wood Pencils |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
Payment
Behaviour : |
No Complaints |
|
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) |
|
China |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
& address
LIO
PEN-MAKING FACTORY
BUILDING 15, NO. 19 JINKENG MIDDLE ROAD,
BAIJIAO TOWN, DOUMEN DISTRICT, ZHUHAI CITY, GUANGDONG PROVINCE, 519125 PR CHINA
TEL: 86 (0) 756-5523189 FAX: 86 (0) 756-5509695
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEB. 7, 2006
REGISTRATION NO. :
440403600156001
REGISTERED LEGAL FORM : INDIVIDUAL-OWNED ENTERPRISE
STAFF STRENGTH : 25
CAPITAL :
N/A
BUSINESS LINE :
MANUFACTURING & TRADING
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 6.38 =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’s correct address should be the heading one, instead of the given one “Inside Baijiao Technology Zoom, Zhuhai”.
SC was registered as an individual-owned enterprise at local Administration for Industry & Commerce (AIC-The official body of issuing and renewing business license) on Feb. 7, 2006.
Company Status: Individual-owned enterprise This form of business in PR
China is a privately owned individual or family enterprise, which does not
have legal person or limited status. The individual-owned enterprises are
usually located in urban area and are permitted to adopt a business name
& engage in retail, service, transportation & manufacturing
business.
SC’s registered business scope includes manufacturing
and selling wooden pencils.
SC is
mainly engaged in manufacturing and selling wooden pencils.
Ms. Liu
Weilian has been the principal of SC since 2006.
SC is known
to have approx. 25 employees at present.
SC is
currently operating at the above stated address, and this address houses its
operating office and factory in Zhuhai. Detailed information of the premise is
unknown.
www.lioexp.com The design is
professional and the content is well organized. At present it is only in English version.
Email: sales@lioexp.com
No significant events or changes were found during our checks with the
local AIC.
INVESTOR:
Name
Liu Weilian
Start-up capital: CNY 50,000
l
Principal:
Ms. Liu Weilian is currently responsible for the overall management of
SC.
Working Experience(s):
From 2006 to present Working in SC as principal.
SC is
mainly engaged in manufacturing and selling wood pencils.
SC’s products mainly
include: automatical pencils, rulers, erase and wooden pencils, etc.
SC sources its
materials 100% from domestic market. SC sells 30% of its products in domestic
market, and 70% to overseas market, mainly to Middle East, Europe and America.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include Check, L/C, T/T, and Credit of 30-60 days.
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 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.
SC’s management declined
to release its bank details.
As an individual owned enterprise, SC is not required to submit its
finance information to the local Administration for Industry and Commerce.
SC’s management declined to release any financial information.
SC is considered small-sized in its line with a 5 years operation
history. Credit dealings of small amount can be considered for it at present.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
UK Pound |
1 |
Rs.75.97 |
|
Euro |
1 |
Rs.65.99 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
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.