MIRA INFORM REPORT
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Report Date : |
09.04.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
No. 34, Hongxiang Road, Hongshan Industrial Park, New Area Of Wuxi, Jiangsu Province,
216000 Pr |
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Country : |
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Date of Incorporation : |
01.12.2000 |
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Com. Reg. No.: |
320205000029762 |
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Legal Form : |
Sole Proprietorship Enterprise |
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Line of Business : |
processing and selling plastics and plastic machinery |
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No. of Employees
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30 |
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
wuxi hongteng plastic machinery factory
No. 34, hongxiang
road, hongshan industrial park,
new area of wuxi,
jiangsu PROVINCE, 216000 PR CHINA
TEL: 86 (0)
510-88993620 / 82716562 FAX: 86 (0)
510-88203431
EXECUTIVE SUMMARY
INCORPORATION DATE : dec. 1, 2000
REGISTRATION NO. :
320205000029762
REGISTERED
LEGAL FORM : Sole Proprietorship enterprise
STAFF
STRENGTH : 30
REGISTERED
CAPITAL : CNY 400,000
BUSINESS
LINE : PROCESSING
AND SELLING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : SMALL AMOUNT
MARKET CONDITION : average
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY
6.31 = 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 Sole Proprietorship enterprise at
local Administration for industry & commerce (AIC - the official body of
issuing and renewing business license) on Dec. 1, 2000.
Company Status: Sole Proprietorship
enterprise 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 processing plastics, plastic
particles and plastic machinery.
SC is mainly
engaged in processing and selling plastics and plastic machinery.
Mr. Ni
Jiayu 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 Wuxi.
The detailed information of the premise is unspecified.
http://www.ht-wx.com/ The design is
professional and the content is well organized. At present it is in both
Chinese and English versions.
Email: ht@ht-wx.com
No significant events or changes were found during our
checks with the local Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Ni Jiayu 100
l
Principal:
Mr. Ni Jiayu is currently responsible for the overall
management of SC.
Working Experience(s):
At present Working in SC as principal.
SC is mainly engaged
in processing and selling plastics and plastic machinery.
SC’s products
mainly include: plastic extruder, PP winding filter cartridge machine, filter
cartridge, shrink film packing machine, tapered double screw extruder, etc.
SC sources its materials 100%
from domestic market. SC sells 100% of its products in domestic 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 and Credit of 30-60
days.
Note: SC’s management declined to release its customer and supplier
details.
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.
SC’s management
declined to release its bank details.
SC was
registered as a sole proprietorship enterprise, which is not required to submit
its annual financial reports to local Administration of Industry &
Commerce.
SC is considered small-sized in its line with a development history of
12 years. Credit dealings with SC in small amount appear acceptable.
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.