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Report Date : |
28.04.2012 |
IDENTIFICATION DETAILS
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Name : |
BOXING XINFENGYUAN TRADE CO.,LTD |
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Registered Office : |
No.1 Xinfengyuan
Road, North Outer Ring, Xingfu Town Industrial Park, Boxing County, Binzhou City,
Shandong Province |
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Country : |
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Date of Incorporation : |
01.02.2010 |
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Com. Reg. No.: |
371625200004249 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Sales of steel sheet |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
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Boxing Xinfengyuan Trade Co.,Ltd |
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No.1 Xinfengyuan Road,
North Outer Ring, Xingfu Town Industrial Park, Boxing County, Binzhou City,
Shandong Province |
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|
256500 |
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Tel : |
86 543 2447888 |
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Fax: |
86 543 2425378 |
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GTM Reference No. |
G120427090 |
Currency in this report is Chinese Yuan unless otherwise stated.
Exchange Rate: 1 USD=6.29 Chinese Yuan
"--"in this report indicates "unavailable" due to insufficient information or "no comments"
Notes：
1. Due to the recent intervention of Chinese government
in the information obtaining procedure of companies, all the credit reporting
agencies and other agencies are not allowed to provide financial information of
other companies to the clients. Therefore, in this report, only some basic
official information can be provided for the client’s reference. No financial
is available.
2. The given telephone No.
is answered by the staff of subject's related company "ZIBO GANGJIE
MATERIAL CO. LTD". According to the interviewee, subject is the sales
company of the above company and Shandong Xinfengyuan Industry Trade Co. Ltd in
charge of their international sales business.
3. Subject is operated at
the same address as its related company "Shandong Xinfengyuan Industry
Trade Co. Ltd" by the same staff.
|
DATE OF establishment |
Feb.1st, 2010 |
|
Aic Registration No. |
371625200004249 |
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REGISTERED LEGAL FORM |
Limited liabilities company |
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REGISTERED CAPITAL |
5,180,000.00 |
|
main BUSINESS |
Sales
of steel sheet |
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SIC Code (China) |
6364 wholesale of metal and metal minerals |
|
employees |
20 |
|
import and export permits |
yes |
|
business scale |
Average |
|
operation trend |
Average |
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EXCHANGE RATE |
1 Usd=6.29CNY (APR 27th, 2012) |
|
Name |
Boxing Xinfengyuan Trade Co.,Ltd |
|
AIC Registration Number |
371625200004249 |
|
Registered address |
No.1 Xinfengyuan
Road, North Outer Ring, Xingfu Town Industrial Park, Boxing County, Binzhou City,
Shandong Province |
|
Operation address |
No.1 Xinfengyuan
Road, North Outer Ring, Xingfu Town Industrial Park, Boxing County, Binzhou
City, Shandong Province |
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Date of Establishment |
Feb.1st, 2010 |
|
Registry |
Administration Bureau of Industry and Commerce – Boxing County |
|
Legal Representative |
Wang Guilin |
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Registered Legal Form |
Limited liabilities
company |
|
Registered Capital |
5,180,000.00 |
|
Operating Duration |
Feb.1st, 2010 to Jan.27th, 2020 |
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Changes in Registration |
N/A |
Limited
liabilities co.
This
form of business in PR China is defined as a legal person. Its registered
capital is contributed jointly by at least two shareholders and no more than
fifty. 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 listed as follows:
-manufacturing
co. : RMB 500,000.00
-trading
&wholesaling co. : RMB 500,000.00
-retailing
co. : RMB 300,000.00
-consultancy
& service co. : RMB 100,000.00
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 50% of the registered
capital while contribution by intangible assets must not exceed 20% 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.
REGISTRATION
INFO: AVAILABLE
FINANCIAL
REPORTS: AVAILABLE
N/A
|
Related company name |
Shandong Xinfengyuan
Industry Trade Co. Ltd |
|
Address |
No.1 Xinfengyuan Road,
North Outer Ring, Xingfu Town Industrial Park, Boxing County, Binzhou City,
Shandong Province |
|
Registration No. |
371625228102633 |
|
|
|
|
Related company name |
ZIBO GANGJIE MATERIAL
CO. LTD |
|
Address |
No.348 Liuquan Road, Zibo City, Shandong |
|
Registration No. |
370303228841602 |
|
Name |
Wang Guilin |
|
Gender |
Male |
|
Title |
Legal representative |
SC’s
bank information can’t be obtained after searching through all available
channels.
|
Geographic Location |
No.1 Xinfengyuan Road,
North Outer Ring, Xingfu Town Industrial Park, Boxing County, Binzhou City,
Shandong Province |
|
Area |
110,000square
meters (including the
factory of the related company Shandong
Xinfengyuan Industry Trade Co. Ltd) |
|
Environment and traffic |
Acceptable |
|
Property Ownership |
N/A |
After checking with the Trademark Office of Chinese
Administration Bureau of Industry and Commerce and the State Intellectual
Office, no trademarks or patents of SC were found.
|
Main business |
Sales of steel
sheets |
|
Products and services |
Subject's
products include colour coated steel plates, compound sheets and colour
coated rollings etc. It is the
international trade company of Shandong
Xinfengyuan Industry Trade Co. Ltd. |
|
Export |
100% |
|
Regions |
Europe, America, Mid-east, Southeast Asia etc. |
|
Major overseas clients |
International traders |
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Payment terms |
L/C, T/T |
|
Subject's
products are all exported to international traders and agents. With short
history, its sales network is not stable. |
|
|
The above information was
confirmed by SC’s employee |
|
|
Main Commodities Purchased |
Steel, colour
coated plates etc. |
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Region |
Local: 100% |
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Number of Major Suppliers |
About 3 |
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Major suppliers |
Shandong Xinfengyuan Industry Trade Co. Ltd |
|
Main Terms of Payment |
Local: Prompt payment; on
credit |
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Subject's products
are all manufactured by its related company Shandong Xinfengyuan Industry Trade Co. Ltd. |
|
|
The above information was confirmed by SC’s
employee |
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Subject's supplier is mainly its related company. Hence no payment comment from the supplier can be provided in this report.
After checking with China
Court organization, the local court website and other major searching websites,
no litigation record related to subject company in the latest three years is
found.
Subject's financial is unavailable through the AIC channels. According to
its staff, due to the recent establishment, its sales network is not complete
so far. Subject's business scale is average in the local industry.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.68 |
|
UK Pound |
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
---- |
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.