MIRA INFORM REPORT
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Report Date : |
10.04.2012 |
IDENTIFICATION DETAILS
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Name : |
QINGDAO XINHAIYUAN INTERNATIONAL LOGISTICS
CO., LTD. |
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Registered Office : |
Room 1001, No. 61 Yanan 3rd Road, Shibei District,
Qingdao, Shandong Province, 266000 Pr |
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Country : |
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Date of Incorporation : |
09.05.2011 |
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Com. Reg. No.: |
370200230021400 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Freight
Forwarding Service |
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No. of Employees
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03 |
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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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 – 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
QINGDAO
XINHAIYUAN INTERNATIONAL LOGISTICS CO., LTD.
ROOM 1001, NO. 61
YANAN 3rd ROAD, SHIBEI DISTRICT, QINGDAO,
SHANDONG PROVINCE,
266000 PR CHINA
TEL: 86 (0)
532-83810661 FAX: 86 (0) 532-83810661
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY 9, 2011
REGISTRATION NO. : 370200230021400
REGISTERED LEGAL
FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH : 3
REGISTERED CAPITAL : CNY 5,000,000
BUSINESS LINE : LOGISTICS
TURNOVER : N/A
EQUITIES : N/A
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
C.O.D. TO SMALL AMOUNT
MARKET CONDITION :
FAIR
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 limited liabilities co. at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on May 9, 2011.
Company Status: Limited liabilities co. This form of business in PR
China is defined as a legal person. No more than fifty shareholders
contribute its registered capital jointly. Shareholders bear limited
liability to the extent of shareholding, and the co. is liable for its
debts only to extent of its total assets. The characteristics of this form
of co. are as follows: Upon
the establishment of the co., an investment certificate is issued to the
each of shareholders. The board of directors is
comprised of three to thirteen members. The minimum registered capital
for a co. is CNY 30,000. Shareholders may take their
capital contributions in cash or by means of tangible assets or intangible
assets such as industrial property and non-patented technology. Cash contributed by all
shareholders must account for at least 30% of the registered capital. Existing shareholders have pre-exemption right to
purchase shares of the co. offered for sale by the other shareholders and
to subscribe for the newly increased registered capital of the co.
SC’s registered
business scope includes international freight forwarding service; importing and
exporting various goods and technology; store service.
SC is mainly
engaged in freight forwarding service.
Mr. Zhang Jianhua has been legal
representative and chairman of SC since 2011.
SC is
known to have approx. 3 employees at present.
SC is currently operating at the above stated address, and this
address houses its operating office in the commercial zone of Qingdao. Our
checks reveal that SC rents the total premise about 50 square meters.
SC is not known to host website of its own at present.
SC was taken into operation at the end of 2011.
MAIN
SHAREHOLDERS:
Name %
of Shareholding
Zhang Jianhua 50
Yu Quantao 50
Legal
Representative, Chairman
and General Manager:
Mr. Zhang Jianhua, with university education. He is currently responsible for the overall management of SC.
Working Experience(s):
From 2011 to present Working in SC as chairman, legal representative and general manager.
SC is mainly
engaged in freight forwarding service.
SC was taken into operation at the end of 2011.
The payment terms of SC include Check, T/T and Credit of
30-60 days.
Note: SC’s management declined to release its main clients.
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.
Bank of China
AC#：N/A
Relationship:
Normal.
SC was taken into operation at the end of 2011, so its financial reports
are not available at present.
SC is considered small-sized in its line with a short operating history.
Credit dealings with SC are recommended under secured terms.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.28 |
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UK Pound |
1 |
Rs.81.38 |
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Euro |
1 |
Rs.67.01 |
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.