MIRA INFORM REPORT
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Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
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Name : |
HEBEI XINGSHI CHEMICALS CO., LTD. |
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Registered Office : |
2-1-3201, No. 139
Weiming South Street, Qiaoxi District, Shijiazhuang, Hebei Province 050000 Pr |
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Country : |
China |
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Date of Incorporation : |
06.04.2011 |
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Com. Reg. No.: |
130100000356478 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
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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Maximum Credit Limit : |
USD 10,000 |
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Status : |
New 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 – 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
hebei xingshi chemicals co., ltd.
2-1-3201, no. 139
weiming south street, qiaoxi district, shijiazhuang
hebei province 050000
PR CHINA
TEL: 86 (0)
311-67699695
FAX: 86 (0)
311-67692356
EXECUTIVE SUMMARY
Date of Registration : april 6, 2011
REGISTRATION NO. : 130100000356478
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL :
cny 3,000,000
staff : 4
BUSINESS CATEGORY :
trading
Revenue : n/a
EQUITIES : n/a
WEBSITE : www.xs-chemical.com
E-MAIL :
info@xs-chemical.com
PAYMENT : AVERAGE
Recommended Credit Limit: UP TO USD
10,000 (PERIODICAL REVIEW)
MARKET CONDITION : fair
FINANCIAL CONDITION :
n/a
OPERATIONAL TREND :
ORDINARY
GENERAL REPUTATION : fair
EXCHANGE RATE : CNY 6.36 = 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 with State Administration
of Industry & Commerce (SAIC) under registration No.: 130100000356478 on April 6,
2011.
SC’s Organization Code Certificate No.: 57134748-9
SC’s registered capital: cny 3,000,000
SC’s paid-in capital: cny 3,000,000
No significant changes of SC have
been noted in SAIC since its incorporation.
Current Co search indicates SC’s shareholders & chief
executives are as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
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Lu Lihai |
50 |
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Lu Xingang |
50 |
SC’s Chief Executives:-
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Position |
Name |
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Legal Representative,
Chairman, and General Manager |
Lu Lihai |
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Supervisor |
Lu Xingang |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Lu Lihai 50
Lu Xingang 50
MANAGEMENT
Lu Lihai, Legal Representative, Chairman and General Manager
------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Age: 56
Ø
ID# 130535195508251417
Ø
Qualification:
University
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Working
experience (s):
At present, working in SC as legal representative, chairman
and general manager
Lu Xingang, Supervisor
------------------------------------------
Ø
Gender: M
Ø
Age: 31
Ø
ID# 130535198002161418
Ø
Qualification:
University
BUSINESS OPERATION
SC’s registered business scope includes selling chemical
raw materials and products, plastic products, rubber products, bearings, pumps,
electrical and mechanical equipment, operating and acting as an agent of
importing and exporting various kinds of commodities and technology.
SC is
mainly engaged in selling chemical products.
SC’s
products mainly include:
Pigment & Dyestuff & Paint & Coating
Enamel & Ceramics & Glass chemical
Paper chemical
Detergent and Soap
Water treatment chemicals
Plastic chemical
Rubber chemical
Acid System
Medicine and Pesticide
Polypropylene/Polyethylene
Paraffin wax
Titanium dioxide
SC sources its materials 100% from domestic
market, mainly Hebei. SC sells 100% of its products to overseas market, mainly
Africa, Europe and Southeast Asia.
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. 4 staff at present.
SC rents an area
as its operating office of approx. 103 sq. meters at the heading address.
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
Established as a new company in 2011, SC’s financials are not available
at present.
CONCLUSIONS
SC is considered small-sized in its line with a short history. A credit
line up to USD 10,000 is recommended upon a periodical review basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.87 |
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UK Pound |
1 |
Rs.79.73 |
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Euro |
1 |
Rs.69.52 |
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.