MIRA INFORM REPORT
|
Report Date : |
18.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
CALGON CARBON ( |
|
|
|
|
Registered Office : |
Plant |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
28.02.2002 |
|
|
|
|
Com. Reg. No.: |
120000400003201 |
|
|
|
|
Legal Form : |
Wholly Foreign-Owned Enterprise |
|
|
|
|
Line of Business : |
processing, and selling active
carbon and related coal comprehensive utilization products |
|
|
|
|
No. of Employees
: |
55 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 600,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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) |
|
China |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
calgon carbon (tianjin) co., ltd.
plant iii road,
balitai industry area
jinnan district,
tianjin 300350 PR CHINA
TEL: 86 (0)
22-28751866/28750756
FAX: 86 (0)
22-28751866
EXECUTIVE SUMMARY
Date of Registration : FEBRUARY 28, 2002
REGISTRATION NO. : 120000400003201
LEGAL FORM : WHOLLY
FOREIGN-OWNED ENTERPRISE
REGISTERED CAPITAL :
USD 420,000
staff : 55
BUSINESS CATEGORY :
processing & trading
Revenue : CNY 115,470,000 (AS OF DEC. 31, 2011)
EQUITIES : CNY 73,760,000 (AS OF DEC. 31,
2011)
E-MAIL :
N/A
PAYMENT : AVERAGE
Recommended Credit Limit: UP TO USD
600,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION :
FAIRly GOOD
OPERATIONAL TREND :
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
***Note: SC’s telephone numbers should be the
heading one, while the given numbers (Phone: +65 6221 3500/Fax: +65 6221 3554)
belongs to its related company named Calgon Carbon Asia Pte Ltd. registered in
Singapore, and Eric Liou (the given contact person) is working in this company.
SC was
established as a wholly foreign-owned enterprise of PRC with
State Administration of Industry & Commerce (SAIC) under registration No.: 120000400003201 on February 28, 2002.
SC’s Organization Code Certificate No.:
73545332-6
%20CO%20,%20LTD%20%20-%20176758%2018-Apr-2012_files/image003.jpg)
SC’s registered capital: USD 420,000
SC’s paid-in capital: USD
420,000
Registration Change Record:
|
Date |
Change of
Contents |
Before the
change |
After the change |
|
-- |
Registration No. |
014292 |
120000400003201 |
Current Co search indicates SC’s shareholders & chief executives
are as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Calgon Carbon Corporation
(U.S.A.) |
100 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative,
Chairman, and General Manager |
Cornelius Hubertus Majoor |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Calgon Carbon Corporation
(U.S.A.) 100
--------------------------------------------
P.O. Box 717
Pittsburgh, PA 15230
Toll Free: 800-4CARBON
Phone: 412 787-6700
Fax: 412 787-6676
Web: www.calgoncarbon.com
E-mail: info@calgoncarbon-us.com
MANAGEMENT
Cornelius Hubertus Majoor, Legal
Representative, Chairman, and General Manager
--------------------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as legal representative, chairman,
and general manager
BUSINESS
OPERATION
SC’s registered
business scope includes developing, processing, and selling active carbon and
related coal comprehensive utilization products; manufacturing and installing
equipment for isolation, purification, and filtration; and providing related
services.
SC is mainly
engaged in processing, and selling active carbon and related coal comprehensive
utilization products.
SC’s products mainly include: active carbon.
SC sources its
materials 100% from domestic market. SC sells 60% in domestic market and 40% to
overseas market, mainly Argentina, etc.
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.
Staff & Office:
--------------------------
SC is
known to have approx. 55 staff at present.
SC
owns an area as its operating office and factory, but the detailed information
is unknown.
RELATED COMPANY
Related Companies,
-------------------------
European
Operations of Calgon Carbon Corporation
Zoning
Industriel C de Feluy
B-7181
Feluy, Belgium
Phone:
+32 (0) 64 51 1811
Fax: +32
(0) 64 54 1591
Calgon
Carbon Asia Pte Ltd.
9
Temasek Boulevard
#26-02 Suntec
Tower Two
Singapore
038989
Phone:
+65 6221 3500
Fax: +65
6221 3554
singaporesales@calgoncarbon-as.com
Chemviron
Carbon GmbH
German
Sales Office
Blankenauer
Strasse 15
D-37688
Beverungen
Phone:
49 (0) 5273 364 330
Calgon
Carbon Canada
7100
Woodbine Ave, Suite 310
Markham,
Ontario L3R 5J2
Phone:
905 889-5853
Chemviron
Carbon ApS
Denmark
Sales Office
Nørregade
45
DK-1145
Copenhagen
K
Denmark
Phone:
0045 331 43040
Chemviron
Carbon AB
Sweden
Sales Office
Business
Center Almedal
Skårs
Led 3
SE-41263
Gothenburg
Sweden
Phone:
0046 317 037111
Calgon
Carbon Japan
Headquarters
& Sales Office
Central
Building
Chuo-ku,
Tokyo 104-0031, Japan
Phone:
81-3-5205-0664
Etc.
Office,
----------
Calgon
Carbon (Tianjin) Co., Ltd. Beijing Sales Office
B-2306,
Topland
Shu
Guang Xi Li Jia 1
Chaoyang
District, Beijing 100028
Toll-Free:
400 880 6068
Phone:
68-10-58220125/26/27
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 local SAIC.
FINANCIALS
Balance Sheet
|
Unit: CNY’000 |
As
of Dec. 31, 2011 |
|
2,140 |
|
|
Accounts
receivable |
33,290 |
|
Advances to
suppliers |
0 |
|
Other receivable |
11,600 |
|
Inventory |
59,210 |
|
Non-current
assets within one year |
0 |
|
Other current
assets |
7,230 |
|
|
------------------ |
|
Current assets |
113,470 |
|
Fixed assets |
9,340 |
|
Construction in
progress |
0 |
|
Intangible
assets |
0 |
|
Long-term
prepaid expenses |
0 |
|
Deferred income
tax assets |
0 |
|
Other
non-current assets |
390 |
|
|
------------------ |
|
Total assets |
123,200 |
|
|
============= |
|
Short-term loans |
1,100 |
|
Notes payable |
0 |
|
Accounts payable |
41,210 |
|
Wages payable |
0 |
|
Taxes payable |
0 |
|
Advances from
clients |
0 |
|
Other payable |
130 |
|
Other current
liabilities |
7,000 |
|
|
------------------ |
|
Current
liabilities |
49,440 |
|
Non-current
liabilities |
0 |
|
|
------------------ |
|
Total
liabilities |
49,440 |
|
Equities |
73,760 |
|
|
------------------ |
|
Total
liabilities & equities |
123,200 |
|
|
============= |
Income Statement
|
Unit: CNY’000 |
As of Dec. 31,
2011 |
|
Revenue |
115,470 |
|
Cost of sales |
103,560 |
|
Sales expense |
7,840 |
|
Management expense |
6,590 |
|
Finance expense |
360 |
|
Profit before
tax |
8,650 |
|
Less: profit tax |
2,160 |
|
6,490 |
Important Ratios
=============
|
|
As of Dec. 31, 2011 |
|
*Current ratio |
2.30 |
|
*Quick ratio |
1.10 |
|
*Liabilities
to assets |
0.40 |
|
*Net profit
margin (%) |
5.62 |
|
*Return on
total assets (%) |
5.27 |
|
*Inventory /
Revenue ×365 |
188 days |
|
*Accounts
receivable/ Revenue ×365 |
106 days |
|
*
Revenue/Total assets |
0.94 |
|
* Cost of
sales / Revenue |
0.90 |
FINANCIAL COMMENTS
PROFITABILITY:
FAIRLY GOOD
l
The revenue of SC appears fairly good in its line.
l
SC’s net profit margin is fairly good.
l
SC’s return on total assets is fairly good.
l
SC’s cost of sales is average, comparing with its revenue.
LIQUIDITY:
FAIRLY GOOD
l
The current ratio of SC is maintained in a fairly
good level.
l
SC’s quick ratio is maintained in a fairly good
level.
l
The inventory of SC appears large.
l
The accounts receivable of SC appears large.
l
The short-term loans of SC appear average.
l
SC’s revenue is in an
average level, comparing with the size of its total assets.
LEVERAGE:
AVERAGE
l
The debt ratio of SC is average.
l
The risk for SC to go bankrupt is average.
Overall financial
condition of the SC: Fairly Good.
CONCLUSIONS
SC is considered medium-sized in its line with
fairly good financial conditions. The large amount of inventory and
accounts receivable may be a threat to SC’s financial condition. A credit line at the above amount appears beyond SC’s capacities,
while a credit line up to USD 600,000 is recommended.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.62 |
|
UK Pound |
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.67.65 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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.