MIRA INFORM REPORT
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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
QINGZHOU HELI PACKAGING NEW MATERIAL CO.,
LTD. |
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Registered Office : |
No. 588, |
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Country : |
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Date of Incorporation : |
17.10.2006 |
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Com. Reg. No.: |
370700400009657 |
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Legal Form : |
Chinese-Foreign Equity Joint Venture
Enterprise |
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Line of Business : |
manufacturing and selling
packaging materials |
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No. of Employees
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110 |
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
QINGZHOU HELI PACKAGING NEW MATERIAL co., ltd.
NO. 588, HONGJIAN ROAD, QINGZHOU, SHANDONG PROVINCE,
262550 PR CHINA
TEL: 86 (0)
536-3206958 FAX: 86 (0) 536-3208697
EXECUTIVE SUMMARY
INCORPORATION DATE : OCT. 17, 2006
REGISTRATION NO. :
370700400009657
REGISTERED LEGAL FORM : CHINESE-FOREIGN EQUITY JOINT VENTURE
ENTERPRISE
STAFF STRENGTH :
110
REGISTERED CAPITAL : USD 1,360,000
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 6.2972 = 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 Chinese-foreign equity joint venture enterprise at local
Administration for Industry & Commerce (AIC-The official body of issuing
and renewing business license) on Oct. 17, 2006.
Company Status: Chinese-foreign equity joint venture
enterprise This form of business in PR
China is defined as a legal person. It is a limited co. jointly invested by
one or more foreign companies and one or more PR China controlled companies
within the territories of PR China according to a certain proportion of
capital investment. The investing parties exercise business management,
share profits and bear all risks and liabilities of the co. together. The
equity joint venture law requires that foreign party contribute not less
than 25% of the registered capital, with no maximum. The investing parties
are free to agree on method of profit distribution and liabilities bearing
according to the proportion of capital investment. Each investing parties
contributes funds, tangible assets, technology & etc. The board of
directors excises the high authority. The joint venture usually has a
limited duration of 10 to 50 years. Enterprise with large investment, long
construction periods, low investment returns, introducing of advanced
technology & advanced technology products that have good competition
position in international market may extend beyond the 50 years limit.
SC’s registered
business scope includes manufacturing and selling food wrapping paper (aluminum
foil paper) (compound, lamination, slitting); printing packaging and decorating
products.
SC is mainly
engaged in manufacturing and selling packaging materials.
Mr. Ji Lujinis
legal representative, chairman and general manager of SC at present.
SC is known to
have approx. 110 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 Qingzhou. Detailed premise
information is not available at present.
http://www.helibaozhuang.com
The design is professional and the content is well organized. At present, the web
is both in Chinese and English versions.
E-mail: general@helibaozhuang.com
; nestor@helibaozhuang.com ; sales@helibaozhuang.com
SC was honored as “Advanced Enterprise”, “Qingzhou Harmonious
Enterprise”, etc.
No significant changes were found during our checks with the local AIC.
MAIN SHAREHOLDERS:
Name % of Shareholding
Laizhou Jianguo Color Printing
Co., Ltd. (in Chinese pinyin) 35
Qingzhou Heli Paper Co., Ltd. 40
North Ship & Ocean Engi. (H.K.) Co.,
Limited 25
Laizhou Jianguo Color Printing
Co., Ltd. (in Chinese pinyin)
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Registration no.:
370683228007236
Qingzhou Heli Paper Co., Ltd.
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Registration no.:
370781228006087
Legal representative: Ji Lujin
Tel no.: 0536-3208697/3206958
Legal representative,
chairman and general manager:
Mr. Ji Lujin is currently responsible for the overall management of SC.
Working Experience(s):
At present Working in SC as legal representative, chairman and general manager.
Also working in Qingzhou Heli Paper Co., Ltd. as legal representative.
Vice-general
manager:
Wei Jianguo is currently responsible for the daily management of SC.
Working Experience(s):
At present Working in SC as vice-general manager.
l
Directors:
Cao Xueliang
Wang Zhimei
Supervisors:
Zhang Guangmin
Li Aimei
SC is mainly
engaged in manufacturing and selling packaging materials.
SC’s products mainly include: liquid
packing, Medical Packaging, Integration, instant noodle
cover paper, paper canister used Alum-foil paper, plastic laminating base paper
and bullion paper board.
SC sources its materials 100% from domestic
market. SC sells its products 92% in domestic market, and 8% 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’s management refused to release its main clients and suppliers.
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 declined to
release its banking 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 a development history of
6 years. Credit confined into small amount may be considered.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.50 |
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UK Pound |
1 |
Rs.81.99 |
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Euro |
1 |
Rs.67.54 |
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.