MIRA INFORM REPORT
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Report Date : |
11.04.2012 |
IDENTIFICATION DETAILS
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Name : |
HENAN ARTEX CO., LTD. |
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Registered Office : |
17-18/F, International Chamber Of Commerce
Building, No. 5 Outer Ring Road,
Cbd New District Of Zhengdong, Zhengzhou City, Henan Province 450016 Pr |
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Country : |
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Date of Incorporation : |
27.04.1999 |
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Com. Reg. No.: |
410105100104193 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
International
Trade |
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No. of Employees
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50 |
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 30,000 |
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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
|
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
henan artex co., ltd.
17-18/F,
INTERNATIONAL CHAMBER OF COMMERCE BUILDING
NO. 5 OUTER RING
ROAD, CBD NEW DISTRICT OF ZHENGDONG
ZHENGZHOU CITY, HENAN
PROVINCE 450016 PR CHINA
TEL: 86 (0)
371-65711583/65740248
FAX: 86 (0) 371-65721210
EXECUTIVE SUMMARY
Date of Registration : APRIL 27, 1999
REGISTRATION NO. : 410105100104193
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL : CNY 4,000,000
staff : 50
BUSINESS CATEGORY :
TRADING
Revenue :
N/A (AS
OF DEC. 31, 2011)
EQUITIES :
N/A (AS
OF DEC. 31, 2011)
WEBSITE : www.henanartex.com
E-MAIL :
hnzy@cnacgc.com
PAYMENT :
AVERAGE
Recommended Credit Limit: UP TO USD
30,000
MARKET CONDITION : average
FINANCIAL CONDITION : N/A
OPERATIONAL TREND :
fairly STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.31 = 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.: 410105100104193 on April 27, 1999.
SC’s Organization Code Certificate
No.: 71264128-7
SC’s registered capital: CNY 4,000,000
SC’s paid-in capital: CNY 4,000,000
Registration Change Record:
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 |
|
China National Arts &
Crafts (Group) Corp. |
30 |
|
Su Hao |
5.525 |
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Hong Hu |
6 |
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Li Guozhan |
3.275 |
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Li Zhaoren |
3.9 |
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Liu Hongwei |
2.5 |
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Lu Yudong |
4.025 |
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Lu Guoqiang |
2.75 |
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Nie Li |
3.75 |
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Guo Guangyuan |
4 |
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Shen Min |
2.5 |
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Zhou Xu |
2.525 |
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Sun Xiaomei |
2.75 |
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Wang Hongyong |
4.025 |
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Xing Xiuxing |
3.75 |
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Zhang Zhenjiang |
5.55 |
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Zhao Wei |
5.125 |
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Zheng Yumin |
5.55 |
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Qin Hang |
2.5 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative,
Chairman, and General Manager |
Hong Hu |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
China National Arts & Crafts
(Group) Corp. 30
Su Hao 5.525
Hong Hu 6
Li Guozhan 3.275
Li Zhaoren 3.9
Liu Hongwei 2.5
Lu Yudong 4.025
Lu Guoqiang 2.75
Nie Li 3.75
Guo Guangyuan 4
Shen Min 2.5
Zhou Xu 2.525
Sun Xiaomei 2.75
Wang Hongyong 4.025
Xing Xiuxing 3.75
Zhang Zhenjiang 5.55
Zhao Wei 5.125
Zheng Yumin 5.55
Qin Hang 2.5
l
China National Arts & Crafts
(Group) Corp.
===================================
China National Arts & Crafts (Group)
Corp. is a central enterprise directly controlled by State-owned Assets
Supervision and Administration Commission of the State Council. It is jointly
established by two central enterprises, namely the original China National Arts
and Crafts Import & Export Corporation and the China National Arts &
Grafts (Group) Corporation. At the present, the China National Arts and Crafts
(Group) Corporation has formed four major businesses including arts and crafts
raw materials, arts and crafts products, jewelry and cultural services and has
six operating companies covering the upstream and downstream of the industry
including China Metal & Technologies Inc., China Jewelry, China National
Arts and Crafts Import and Export Corporation, China National Arts & Grafts
(Group) Corporation, China Artex and China Arts & Crafts Trading Co.
Registration No.: 100000000040856
Date of Registration: April 24, 2007
Legal Form: State-owned Enterprise
Registered Capital: CNY 537,010,000
Legal Representative: Zhou Zhengsheng 周郑生
Address: China National Arts &
Crafts
Building,103,Jixiangli.Chaoyangmenwai,Beijing,China
P. C.: 100020
Tel: 010-85698808
Fax: 010-85698866
Email: info@cnacgc.com
Website: www.cnacgc.com
MANAGEMENT
Hong
Hu, Legal Representative, Chairman and General
Manager
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Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as legal representative, chairman
and general manager
Also
working in Henan Bonrev Import & Export Co., Ltd. and Henan Bangrui
Industry Co., Ltd. as legal representative
BUSINESS OPERATION
SC’s registered business scope includes
selling knitting goods & textiles, garment, shoes & hats, hardware,
minerals, building materials, and other chemical products; importing and
exporting commodities and technology; selling medical apparatus II & III
items: medical electronic equipment 6821, medical optical apparatus &
equipment & endoscope apparatus 6822, medical ultrasound equipment &
related equipment 6823, medical high-frequency equipment 6825, medical magnetic
resonance equipment 6828, medical X ray equipment 6830, medical high-energy
X-ray equipment 6832, clinical laboratory analytical instruments 6840,
operation room, emergency room, medical equipment room and apparatus 6854.
SC is mainly
engaged in international trade.
SC’s
products mainly include:
Garment
Textiles
Accessories
Footwear
Etc.
SC sources its materials 70%
from domestic market, and 30% from overseas market. SC sells 60% of its
products in domestic market, and 40% to overseas market.
The buying terms of SC include Check, T/T, L/C and Credit of
30-60 days. The payment terms of SC include Check, T/T, L/C and Credit of 30-60
days.
Staff & Office:
--------------------------
SC is
known to have approx. 50 staff
at present.
SC rents an area
as its operating office, but the detailed information is unknown.
RELATED COMPANY
Henan Bonrev
Import & Export Co., Ltd.
Registration
No.: 410000000022996
Date of
Registration: July 22, 1992
Legal
Form: Limited Liabilities Company
Registered
Capital: CNY 100,000
Legal
Representative: Hong Hu
Henan Bangrui Industry Co., Ltd.
Registration
No.: 410105000035898
Date of
Registration: November 3, 1995
Legal
Form: Limited Liabilities Company
Registered
Capital: CNY 1,030,000
Legal
Representative: Hong Hu
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
Basic Bank:
China CITIC Bank
AC#: N/A
FINANCIALS
The financials of SC is not available in
local SAIC, and SC also refused to release the details.
CONCLUSIONS
SC is considered medium-sized in its line with
12 years business history. A credit line up to USD 30,000 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.51.20 |
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UK Pound |
1 |
Rs.81.50 |
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Euro |
1 |
Rs.67.15 |
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.