MIRA
INFORM REPORT
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Report Date : |
20.09.2011 |
IDENTIFICATION DETAILS
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Name : |
ZHUJI YANGPIAO CHEMICAL FIBER FACTORY |
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Registered Office : |
Wuxie Village, Wuxie Town, Zhuji, Zhejiang Province 311807
Pr |
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Country : |
China |
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Date of Incorporation : |
04.06.2007 |
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Com. Reg. No.: |
330681000038921 |
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Legal Form : |
Sole Proprietorship Enterprise |
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Line of Business : |
Scope includes processing and selling chemical fiber yarn, importing and exporting goods and technology |
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 : |
Small Company |
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Payment Behaviour : |
Usually Correct |
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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 and address
ZHUJI YANGPIAO CHEMICAL FIBER FACTORY
WUXIE VILLAGE, WUXIE TOWN, ZHUJI, ZHEJIANG PROVINCE 311807 PR CHINA
TEL: 86 (0) 575-77763654
FAX: N/A
EXECUTIVE SUMMARY
Date of Registration : june 4, 2007
REGISTRATION NO. : 330681000038921
LEGAL FORM : Sole Proprietorship
enterprise
REGISTERED CAPITAL : N/A
staff :
25
BUSINESS CATEGORY : processing & TRADING
Revenue :
n/a
EQUITIES :
n/a
WEBSITE : N/A
E-MAIL :
N/A
PAYMENT :
AVERAGE
Recommended Credit Limit: UP TO USD 10,000
MARKET CONDITION : fair
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : ORDINARY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.39 = 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 sole proprietorship enterprise
of PRC with State Administration of Industry & Commerce (SAIC) under
registration No.: 330681000038921 on june 4, 2007.
SC’s Organization Code Certificate No.:
L1732051-3
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:-
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Investor |
|
Qi Zhongyu |
SC’s Chief Executives:-
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Position |
Name |
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Manager |
Qi Zhongyu |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
INVESTOR
Name
Qi Zhongyu
The amount of Investment: CNY 4,400,000
MANAGEMENT
Qi Zhongyu ,
Manager
-----------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as manager
BUSINESS OPERATION
SC’s registered business scope includes
processing and selling chemical fiber yarn, importing and exporting goods and
technology.
SC is mainly
engaged in processing and selling chemical fiber yarn.
SC’s products
mainly include: chemical fiber yarn.
SC sources its materials 100% from domestic
market. SC sells 85% of its products in domestic market, and 15% to overseas
market.
The buying terms
of SC include T/T and Credit of 30-60 days. The payment terms of SC include
T/T, L/C and Credit of 30-60 days.
Staff & Office:
--------------------------
SC is known
to have approx. 25 staff at present.
SC rents an area as
its operating office and factory, 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 registered as a sole proprietorship
enterprise and it is not required to submit its financials to the local SAIC.
CONCLUSIONS
SC is considered as a small-sized company in its line with a development
history of 4 years. A credit line up to
USD 10,000 would appear to be
within SC’s capacities.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.79 |
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1 |
Rs.75.06 |
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Euro |
1 |
Rs.65.35 |
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.