MIRA
INFORM REPORT
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Report Date : |
28.04.2012 |
IDENTIFICATION DETAILS
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Name : |
JIANGMEN FOREIGN TRADE GROUP CO., LTD |
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Registered Office : |
Foreign |
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Country : |
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Date of Incorporation : |
22.10.1997 |
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Com. Reg. No.: |
440700000008428 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Wholesale of household products, bathroom
products, kitchen supplies, garden tools etc |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Regular |
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Litigation : |
--- |
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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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
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JIANGMEN FOREIGN
TRADE GROUP CO., LTD |
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Foreign Trade Building, No.82-1 Jianshe
Road, Jiangmen City, Guangdong Province |
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529099 |
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Tel : |
86 750 3288988 |
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Fax: |
86 750 3288908 |
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E-mail: |
-- |
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Website: |
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Currency in this report is Chinese Yuan unless otherwise stated.
Exchange Rate: 1 USD=6.30 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.
EXECUTIVE
SUMMARY
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DATE OF establishment |
oct.22ND, 1997 |
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Aic Registration No. |
440700000008428 |
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REGISTERED LEGAL FORM |
limited liabilities
company |
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REGISTERED CAPITAL |
4,281,250.00 |
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main BUSINESS |
Wholesale of household products, bathroom
products, kitchen supplies, garden tools etc. |
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SIC Code (China) |
6334 wholesale of kitchen, bathroom products
and other daily necessities |
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employees |
50 |
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import and export permits |
yes |
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business scale |
Large |
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operation trend |
Good |
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EXCHANGE RATE |
1 Usd=6.30CNY (Apr.27th, 2012) |
REGISTRATION
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Name |
JIANGMEN FOREIGN TRADE GROUP CO., LTD |
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AIC Registration Number |
440700000008428 |
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Registered address |
Foreign Trade
Building, No.82-1 Jianshe Road, Jiangmen City |
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Operation address |
Foreign Trade Building,
No.82-1 Jianshe Road, Jiangmen City |
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Date of Establishment |
Oct.22nd, 1997 |
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Registry |
Administration Bureau of Industry and Commerce – Pengjiang, Jiangmen |
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Legal Representative |
Xu Xiyan |
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Registered Legal Form |
limited liabilities company |
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Registered Capital |
4,281,250.00 |
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Operating Duration |
Perpetual |
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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
SHAREHOLDERS
AND SHARES
NA
AFFILIATE(S)
No affiliatesof subject
company is found after checking.
MANAGEMENT
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Name |
Xu Xiyan |
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Gender |
Male |
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Title |
legal representative |
BANKERS INFORMATION
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Subject's bank
information is unavailable after checking through all available channels. |
OFFICE FACILITIES
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Geographic Location |
Foreign Trade Building,
No.82-1 Jianshe Road, Jiangmen City |
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Area |
500 square meters |
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Environment and traffic |
Acceptable |
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Property Ownership |
Rented |
TRADEMARKS
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Total trademarks |
18 (only the latest 3 are listed) |
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Registration No. |
6637037 |
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Registration date |
April.3rd,
2008 |
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Image |
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Registration No. |
6637035 |
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Registration date |
April.3rd,
2008 |
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Image |
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Registration No. |
6637034 |
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Registration date |
April.3rd,
2008 |
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Image |
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PATENTS
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Total patents |
116 (only the latest 3 are listed) |
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Application No. |
201130328439.4 |
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Application date |
Sep.19th, 2011 |
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Patent name |
Garbage bin（50L） |
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Application No. |
201130328434.1 |
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Application date |
Sep.19th, 2011 |
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Patent name |
Garbage bin（50L） |
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Application No. |
201130056958.X |
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Application date |
March.28th,, 2011 |
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Patent name |
Garbage bin |
MAIN
PRODUCTS & SERVICES
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Main business |
Wholesale of household
products, bathroom products, kitchen supplies, garden tools etc. |
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Products and services |
Subject's
products include Garbage bins, tissue roller, towel shelf, shoe case, storage
baskets etc. |
SALES
INFORMATION
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Export |
100% |
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Regions |
Europe,
America etc. |
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Major overseas clients |
Wall-mart; Carefour; Ikea
Wholesale Inc. |
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Payment terms |
L/C, T/T |
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Subejct's
products are mostly exported to international chain stores and supermarkets. |
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The above information was
confirmed by SC’s employee |
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PURCHASE
INFORMATION
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Main Commodities Purchased |
Household
products, bathroom accessaries, kitchenware etc. |
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Region |
Local: 100% |
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Number of Major Suppliers |
More than 5 |
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Major suppliers |
-- |
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Main Terms of Payment |
Local: Prompt payment; on
credit |
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Subject
cooperates with many manufacturers in China and has sufficient source of
goods. |
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The above information was confirmed by SC’s
employee |
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CREDIT
Subejct's staff was cautious about its purchasing information and refused to disclose its supplier name. Hence no payment comment from the suppliers can be provided in this report.
LITIGATION
RECORDS
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.
FINANCE
N/A
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.68 |
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UK Pound |
1 |
Rs.85.12 |
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Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.