MIRA INFORM REPORT
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Report Date : |
12.10.2011 |
IDENTIFICATION DETAILS
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Name : |
LANXI LINGSHEN CHEMICAL INDUSTRIAL FACTORY |
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Registered Office : |
No. 197, Fangxiadian, Lingdong Town, Lanxi, Zhejiang
Province, 321199 Pr |
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Country : |
China |
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Date of Incorporation : |
30.06.1995 |
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Com. Reg. No.: |
3307812000861 |
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Legal Form : |
Sole Proprietorship Enterprise |
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Line of Business : |
Manufacturing and Selling Chemical Products |
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 – 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
LANXI
LINGSHEN CHEMICAL INDUSTRIAL FACTORY
NO. 197, FANGXIADIAN, LINGDONG TOWN, LANXI,
ZHEJIANG PROVINCE, 321199 PR CHINA
TEL: 86 (0) 579-88250243 FAX:
N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUN. 30, 1995
REGISTRATION NO. :
3307812000861
REGISTERED LEGAL FORM : SOLE PROPRIETORSHIP ENTERPRISE
STAFF STRENGTH :
30
REGISTERED CAPITAL : CNY 1,800,000
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
CNY 6.36 = 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 complete name should be the heading one, instead of the given one (Lanxilingshen Chemical Industrial).
SC was registered as a Sole Proprietorship enterprise at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on Jun. 30, 1995.
Company Status: Sole Proprietorship This form of business in PR
China is a private enterprise formed by an individual, which does not have
the legal person or limited liability status. The co. is solely operated by
the sole investor who is responsible for all risks & liabilities of the
co.
SC’s registered
business scope includes manufacturing and selling alkane, anhydrous calcium
fluoride, plastic additive; importing and exporting commodities and
technologies (with permit if needed).
SC is mainly
engaged in manufacturing and selling chemical products.
Mr. Xu Guoqing is
principal of SC at present.
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 Lanxi. The detail
information of the area is unspecified.
SC is not known to host web site of its own at present.
No significant events or changes were found during our checks with local
AIC.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Xu Guoqing 100
l
Principal:
Mr. Xu Guoqing, is currently responsible for the overall management of
SC.
Working Experience(s):
At present Working in SC as principal.
SC is mainly engaged
in manufacturing and selling chemical products.
SC’s products mainly include: chlorcosane, hydrochloric acid, calcium
chloride, etc.
SC sources its materials 100% from domestic
market. SC sells 50% of its products in domestic market, and 50% to overseas
market.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include Check, T/T, L/C and Credit of 30-60 days.
Note:
SC refused to release its major suppliers and clients.
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.
Lanxi Chengnan
Rural Credit Cooperative
AC#:
1107020701201000005638
Relationship:
Normal
As a sole
proprietorship enterprise, there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a development history of
16 years. 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.49.03 |
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UK Pound |
1 |
Rs.76.60 |
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Euro |
1 |
Rs.66.80 |
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.