MIRA INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
ZHANGJIAKOU FUYIN CHEMICALS CO., LTD. |
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Registered Office : |
12# Building, Vice No. 16 Jianguo Road,
Qiaodong District, Zhangjiakou,
Hebei Province 075001 Pr |
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Country : |
China |
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Date of Incorporation : |
16.03.2011 |
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Com. Reg. No.: |
130702000019124 |
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Legal Form : |
One-Person Limited Liabilities Company |
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Line of Business : |
Selling
Chemical Products |
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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Maximum Credit Limit : |
USD 3,000 |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
zhangjiakou fuyin chemicals co., ltd.
12# building, vice
no. 16 jianguo road, qiaodong district
zhangjiakou, hebei
province 075001 PR CHINA
TEL: 86 (0)
313-5869676
FAX: 86 (0)
313-8018260
EXECUTIVE SUMMARY
Date of Registration : march 16, 2011
REGISTRATION NO. : 130702000019124
LEGAL FORM : one-person limited liabilities company
REGISTERED CAPITAL :
cny 1,000,000
staff : 3
BUSINESS CATEGORY :
trading
Revenue : n/a
EQUITIES : n/a
WEBSITE : www.chinafychem.com
E-MAIL :
yaoyaotuzi@live.com
PAYMENT : AVERAGE
Recommended Credit Limit: UP TO USD
3,000 (PERIODICAL REVIEW)
MARKET CONDITION : fair
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : ORDINARY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.38 = 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
SC was
established as a limited liabilities company of PRC on March 16, 2011. However, SC changed to
present legal form, and was registered as one-person limited liabilities
company of PRC with State Administration of Industry & Commerce (SAIC)
under registration No.: 130702000019124 on May 30, 2011.
SC’s Organization Code Certificate
No.: 57009682-5
SC’s registered capital: cny 1,000,000
SC’s paid-in capital: cny 1,000,000
Registration Change Record:
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Date |
Change
of Contents |
Before
the change |
After
the change |
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|
Legal
Form |
Limited
Liabilities Company |
One-Person Limited Liabilities
Company |
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Shareholder (s) (% of Shareholding) |
Wang Xiulong 30% Zhao Shuhai 70% |
Zhao Shuhai 100% |
Current Co search indicates SC’s shareholders & chief
executives are as follows:-
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Name of Shareholder (s) |
% of Shareholding |
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Zhao Shuhai |
100 |
SC’s Chief Executives:-
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Position |
Name |
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Legal Representative, Chairman,
and General Manager |
Zhao
Shuhai |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Zhao Shuhai 100
MANAGEMENT
Zhao
Shuhai, Legal Representative,
Chairman and General Manager
----------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Age: 51
Ø
ID# 132233196010070210
Ø
Qualification:
University
Ø
Working
experience (s):
From March of 2011 to present, working in SC as legal
representative, chairman and general manager
BUSINESS OPERATION
SC’s registered business scope includes
selling chemical products (excluding hazardous chemicals) and hardware; international
trade.
SC is
mainly engaged in selling chemical products.
SC’s
products mainly include:
·
Detergent Chemicals
·
Dye & Paint Chemicals
·
Water-treatment
·
Leather Tanning
Etc.
SC sources its materials 100% from domestic market,
mainly Hebei. SC sells 100% of its products to overseas market, mainly
Southeast Asian market.
The
buying terms of SC include T/T and Credit of 30-60 days. The payment terms of
SC include L/C and Credit of 30-60 days.
Staff & Office:
--------------------------
SC is
known to have approx. 3 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: 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.
BANKING
The
bank information of SC is not filed in SAIC.
FINANCIALS
SC was established recently in 2011 and its financial reports are not
available at present.
CONCLUSIONS
SC is considered small-sized in its line with a short history. A credit line up to USD 3,000 is recommended upon
a periodical review basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.02 |
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UK Pound |
1 |
Rs.77.13 |
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Euro |
1 |
Rs.67.56 |
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.