MIRA INFORM REPORT
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Report Date : |
09.04.2012 |
IDENTIFICATION DETAILS
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Name : |
SHANDONG DONGYUE BUILDING MACHINE CO., LTD. |
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Registered Office : |
Zhuanbu Industry Area, |
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Country : |
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Date of Incorporation : |
09.07.2004 |
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Com. Reg. No.: |
371321228008507 |
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Legal Form : |
One-Person Limited Liability Company |
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Line of Business : |
manufacturing and selling
various kinds of block making machine, aerated concrete equipment and other
related machinery |
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No. of Employees
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300 |
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 : |
Moderate |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
shandong dongyue building machine CO., LTD.
ZHUANBU INDUSTRY
AREA, YINAN COUNTY, LINYI CITY,
SHANDONG province,
276000 PR CHINA
TEL: 86 (0) 539-8036228/8025589
FAX: 86 (0) 539-8036229
EXECUTIVE SUMMARY
INCORPORATION DATE : july 9, 2004
REGISTRATION NO. : 371321228008507
REGISTERED LEGAL
FORM : ONE-PERSON LIMITED LIABILITY COMPANY
STAFF STRENGTH : 300
REGISTERED CAPITAL : CNY 13,500,000
BUSINESS LINE : MANUFACTURING
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 6.3052 = 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
SC was registered as a One-person Limited Liability Company at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on July 9, 2004.
Company Status: One-person
Limited Liability Company
Single person LLC refers to a
limited liability company set up by only one natural person or legal person
as the single shareholder of it. The minimum registered capital
of Single person LLC is CNY100,000. The shareholder’s capital contributes,
as set out by the articles of associations should be a lump-sum payment in
full. One natural person can only
invest in and set up one limited liability company, which is not permitted
to invest in and set up a new Single person LLC. As to any one-person limited
liability company, the sole-investor nature of the natural person or legal
person shall be indicated in the registration documents of the company and
shall be indicated in the business license thereof as well. The regulation of Single person
LLC should be set up by the shareholder The regulation of Single person
LLC has no shareholder meeting.
SC’s registered business scope includes manufacturing & selling
Hollow brick machine, burn-free brick machine, the mixer, splintered machine, pipe
machine, presses, tile machine, agricultural machinery, block making machine,
rotary press, vertical pipe extrusion machine, aerated concrete equipment,
cutting machine, wallboard machine; selling lifting equipment, slings, pressure
vessels, forklifts, loaders, clay brick machine, brick machine pallet; agency,
design, production release of outdoor advertising.
SC is mainly
engaged in manufacturing and selling various kinds of block making machine,
aerated concrete equipment and other related machinery.
Mr. Sun Chunyi is
legal representative and chairman of SC at present.
SC is known to
have approx. 300 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 Linyi. SC’s employee refused
to release the detailed information of the premise.
http://www.jqzsb.com The design is
professional and the content is well organized. At present it is in both
Chinese and English versions.
Email: dyblockmachine@126.com
Qualifications:
SC has obtained the certificate of ISO9001:2000 quality management system
and was certified by National Construction Machinery Products Quality
Inspection Center for Quality Mark. Also its products have pass Europe CE
certificate.
No significant changes were found during our checks with the local AIC.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Sun Chunyi 100
Legal
representative and chairman:
Mr. Sun Chunyi is currently responsible for the overall management of
SC.
Working Experience(s):
At present Working in SC as legal representative and chairman.
Also working in Linyi Dongyue Shengda Machinery Manufacturing Co., Ltd. as legal representative.
SC is mainly engaged
in manufacturing and selling various kinds of block making machine, aerated
concrete equipment and other related machinery.
SC’s products mainly include:
Aerated concrete brick (light brick)
AAC mixer pouring machine
AAC Aggregate weight tank
AAC steam-kettle|Autoclave reactor
AAC Ball mill
LX Continuous slaking silos
AAC Aggregate weight tank
AAC mixer pouring machine
LX Continuous slaking silos| slaking silos
AAC Aggregate weight tank.
SC sources its materials 100% from domestic
market. SC sells 65% of its products in domestic market, and 35% 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 main clients
and suppliers.
Linyi
Dongyue Shengda Machinery Manufacturing Co., Ltd.
Linyi
Dongyue Imp. & Exp. Co., Ltd.
According to SC’s website:
India
office:
India
office chief: N.G. Reddy
Address:
Plot NO-985, House No-15&6, Narendra Garden,
Jagamara,Bhubaneswar,Orissa,India-751030 .
Email: dongyue_India@126.com
Vietnam
office:
Vietnam
office chief: Sunjie
Address:
34T Building,
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.
SC’s financial
reports were not found during our checks with the local Administration for
Industry and Commerce.
SC’s management
declined to release any financial information.
SC is considered medium-sized in its line with 8 years operation history.
Due to lack of financial status, we are unable to recommend accurate credit
limit for SC.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.05 |
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UK Pound |
1 |
Rs.81.09 |
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Euro |
1 |
Rs.67.39 |
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.