MIRA
INFORM REPORT
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Report Date : |
30.04.2012 |
IDENTIFICATION DETAILS
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Name : |
SHANGHAI DUBAY INDUSTRIAL CO., LTD |
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Registered Office : |
1506, North Building of Fortune
108 Plaza, No.1839, Qixin Road, Minhang
District, Shanghai |
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Country : |
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Date of Incorporation : |
27.12.2007 |
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Com. Reg. No.: |
310112000803955 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Wholesale of paintings |
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No. of Employees : |
10 |
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 : |
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) |
|
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
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Shanghai Dubay Industrial Co., Ltd |
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1506, North Building of Fortune
108 Plaza, No.1839, Qixin Road, Minhang
District, Shanghai, China |
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|
201101 |
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Tel : |
86 21 54171832 |
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Fax: |
86 21 54172062 |
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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.
2. The
given telephone No. (54171767) does not belong to subject according to its
staff.
EXECUTIVE
SUMMARY
|
DATE OF establishment |
DEC.27th, 2007 |
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Aic Registration No. |
310112000803955 |
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REGISTERED LEGAL FORM |
limited liabilities
company |
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REGISTERED CAPITAL |
1,000,000.00 |
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main BUSINESS |
Wholesale of paintings |
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SIC Code (China) |
6369 wholesale of other chemical products |
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employees |
10 |
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import and export permits |
yes |
|
business scale |
medium |
|
operation trend |
Average |
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EXCHANGE RATE |
1 Usd=6.30CNY (apr.27th, 2012) |
REGISTRATION
|
Name |
Shanghai Dubay Industrial Co., Ltd |
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AIC Registration Number |
310112000803955 |
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Registered address |
1306, No.1839, Qixin Road, Minhang District, Shanghai, China |
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Operation
address |
1506, North Building of Fortune 108 Plaza, No.1839,
Qixin Road, Minhang
District, Shanghai, China |
|
Date
of Establishment |
Dec.27th,
2007 |
|
Administration Bureau of Industry and Commerce – Minhang, Shanghai |
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|
Legal
Representative |
Gong Genping
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Registered
Legal Form |
limited liabilities company |
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Registered
Capital |
1,000,000 CNY |
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Operating
Duration |
From
Dec.27th, 2007 to Dec.26th, 2017 |
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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
N/A
AFFILIATE(S)
No affiliate of subject is found after checking.
MANAGEMENT
|
Name |
Gong Genping |
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Gender |
Male |
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Title |
Legal representative |
BANKERS INFORMATION
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Bank name |
Industrial and Commercial Bank of China – Qixin Sub-branch (Shanghai) |
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Account No. (CNY) |
-- |
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Source of information |
Subject’s staff |
OFFICE FACILITIES
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Geographic Location |
1506, North Building of Fortune
108 Plaza, No.1839, Qixin Road, Minhang
District, Shanghai, China |
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Area |
200 square meters |
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Environment and traffic |
Acceptable |
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Property Ownership |
Rented |
TRADEMARKS
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Total trademarks |
1 |
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Registration No. |
7373321 |
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Registration date |
May.5th, 2009 |
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Image |
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PATENTS
After checking
with the Commerce and the State Intellectual Office, no patents of SC were
found.
MAIN
PRODUCTS & SERVICES
|
Main business |
wholesale of paintings |
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Products and services |
Subject's products include Transparent Iron
Oxide Pigments，Solvent
Dyes，Phthalocyanine
Pigments，Chrome
Oxide Green Pigment，Iron
Oxide Pigments，Organic
Pigments etc. Its products are widely used in coatings, plastic products,
rubber and textile industry. |
SALES
INFORMATION
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Export |
100% |
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Regions |
Mid-east,
Europe, Asia etc. |
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Major overseas clients |
International
traders |
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Payment terms |
L/C, T/T |
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Subject's products are
all exported. It has developed stable customer network. |
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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 |
Paintings |
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Region |
Local: 100% |
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Number of Major Suppliers |
More than 1 |
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Major suppliers |
-- |
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Main Terms of Payment |
Local: Prompt payment; on
credit |
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Subject’s products are all purchased from
domestic fixed suppliers. |
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The above information was confirmed by SC’s
employee |
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CREDIT
RECORDS
Subject'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
|
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
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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.