MIRA INFORM REPORT
|
Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHANTOU RIGHT FORTH TRADE CO., LTD. |
|
|
|
|
Registered Office : |
Room 601 South Bldg., |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
06.04.2000 |
|
|
|
|
Com. Reg. No.: |
440500000074593 |
|
|
|
|
Legal Form : |
Limited Liabilities Company |
|
|
|
|
Line of Business : |
International
Trade |
|
|
|
|
No. of Employees
: |
06 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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
Shantou Right Forth Trade Co., Ltd.
ROOM 601 South Bldg.,
Fenfa Garden, Chaoyang Village, Longhu DISTRICT, Shantou, GUANGDONG PROVINCE
515041 PR CHINA
TEL: 86 (0)
754-88875068 FAX: 86 (0)
754-88875068
EXECUTIVE SUMMARY
INCORPORATION DATE : APR. 6, 2000
REGISTRATION NO. : 440500000074593
REGISTERED LEGAL
FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH :
6
REGISTERED CAPITAL : CNY 2,100,000
BUSINESS LINE :
INTERNATIONAL TRADE
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 6.31 = 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 company at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on Apr. 6, 2000.
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 general machinery, building materials, metal materials,
chemical raw materials (except dangerous chemical goods), instrumentation, telephone
communications equipment, computer and accessories, refrigeration equipment,
hardware, pay electricity, feed, furniture, knitwear, textiles, arts and
crafts, department store sales; self-and proxy unified national organizations
in addition to joint operation export commodities and countries approved by the
company 's imports of goods other than goods import and export business;
processing with imported materials, processing with imported samples,
assembling with imported parts, and compensation trade in agreement.
SC is mainly
engaged in international trade.
Mr. Chen Jiping
has been chairman of SC since 2000.
SC is known to
have approx. 6 employees at present.
SC is
currently operating at the above stated address and this address houses its operating
office in the commercial zone of Shantou. Detailed premise information is not
available.
http://www.rightforth.com The design is professional and the content is
well organized. At present it is in English version.
E-Mail: rightforth@vip.163.com
No significant events or changes were found during our checks with local
AIC.
MAIN SHAREHOLDERS:
Name % of Shareholding
Chen Yanxuan 52.38
Hong Lixuan 47.62
Chairman and
General Manager:
Mr. Chen Jiping, with university education. He is currently responsible for
the overall management of SC.
Working Experience(s):
From 2000 to present Working in SC as chairman and general
manager.
Supervisors:
==========
Chen Yanxuan
Hong Lixuan
SC is mainly engaged
in international trade.
SC’s main products
include:
Solar Desk Lamp
Solar Lawn Lamp
Solar Emergency
Lamp
Solar Floating
Ball
Solar Garden Lamp
(Wall Lamp)
Solar Street Lamp
Solar Staircase
Lamp
Solar Road Lamp
Solar Signal Lamp
Solar Garden Lamp
Solar Gardening
Lamp
Controller
Solar Mobile
Charger
SC sources its materials 100% from domestic
market. SC sells 100% of its products to overseas market, mainly Southeast
Asia.
The buying terms of SC include T/T and Credit of 30-60 days. The payment
terms of SC include T/T, L/C and Credit of 30-60 days.
Note: SC’s management declined to release its main clients and
suppliers.
According to SC’s website:
Shantou
New Right Forth Solar Technology Co., Ltd.
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’s financial reports were not found during our checks with local AIC.
SC’s management declined to release its financial reports.
SC is considered small-sized in its line with 12 years operating
history. A credit line of small amount can be considered for it at present.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.50 |
|
UK Pound |
1 |
Rs.81.99 |
|
Euro |
1 |
Rs.67.54 |
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.