MIRA
INFORM REPORT
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Report Date : |
07.08.2012 |
IDENTIFICATION DETAILS
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Name : |
WEIHAI XIHONG IMP. & EXP. CO., LTD. |
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Registered Office : |
Room 1112,
No. 29 Tongyi Road, Weihai, Shandong
Province 264299 Pr |
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Country : |
China |
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Date of Incorporation : |
02.02.2012 |
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Com. Reg. No.: |
371002200032298 |
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Legal Form : |
One-Person Limited Liabilities Company |
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Line of Business : |
Subject is engaged
in importing wines |
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No. of Employees : |
03 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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
weihai xihong imp.
& exp. co., ltd.
ROOM 1112, NO. 29 TONGYI ROAD, WEIHAI
SHANDONG province 264299 PR CHINA
TEL: 86 (0) 631-5207667
FAX: 86 (0) 631-5207667
EXECUTIVE SUMMARY
Date
of Registration : FEBRUARY 2, 2012
REGISTRATION
NO. : 371002200032298
LEGAL
FORM : ONE-PERSON Limited liabilities company
REGISTERED CAPITAL : CNY 500,000
staff :
3
BUSINESS CATEGORY : trading
Revenue :
N/A
total assets : N/A
PAYMENT :
AVERAGE
MARKET CONDITION :
FAIR
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : CURRENTLY REMAINS
TO BE OBSERVED
GENERAL
REPUTATION : FAIR
EXCHANGE RATE :
CNY 6.38 = USD 1
Adopted abbreviations (as follows)
SC - Subject Company (the company inquired by you)
N/A – Not available
CNY – China Yuan Ren Min Bi
OPERATIONAL TREND & GENERAL
REPUTATION
This section aims at
indicating the relative positions of SC in respect of its operational trend
& general reputation
Operational Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not
known Not
yet be determined
LEGAL STATUS & HISTORY
***Note:
The person interviewed is Rong Yunting, who is legal representative of SC.
SC was established as one-person
limited liabilities company of PRC with State Administration of Industry &
Commerce (SAIC) under registration No.: 371002200032298 on February 2, 2012.
SC’s Organization Code Certificate No.: 59030960-5
SC’s Tax No.: 371002590309605
SC’s registered capital: CNY 500,000
SC’s paid-in capital: CNY 500,000
Registration
Change Record:-
No significant changes of SC have been noted in SAIC
since its incorporation.
Current
Co search indicates SC’s shareholders & chief executives are as follows:-
|
Name
of Shareholder (s) |
%
of Shareholding |
|
Rong Yunting |
100 |
SC’s
Chief Executives:-
|
Position |
Name |
|
Legal Representative, Chairman, and General Manager |
Rong Yunting |
RECENT DEVELOPMENT
No recent
development was found during our checks at present.
SHAREHOLDER CHART & BACKGROUND
Name %
of Shareholding
Rong Yunting 100
MANAGEMENT
Rong Yunting, Legal
Representative, Chairman, and General Manager
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Ø
Gender:
F
Ø
Working
experience (s):
At present, working in SC as legal representative, chairman, and general manager
BUSINESS OPERATION
SC’s registered business scope
includes wholesaling pre-packaged food; selling aquatic products, agricultural
and sideline products, native products, handicrafts, clothing, toys, electronic
products, daily, hardware, building materials, timber, fishing gear & its accessories,
and plastic raw materials; importing and exporting commodities and technology.
SC is mainly engaged in importing
wines.
SC’s products mainly include: imported wine.
SC sources its
merchandises 100% from overseas market, mainly Chile. SC
sells 100% of its merchandises in domestic
market.
The
buying terms of SC include Check, T/T, L/C and Credit of 30-60 days. The
payment terms of SC include Check, T/T and Credit of 30-60 days.
Staff & Office:
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SC is known to have approx.
3 staff at present.
SC rents an area as its operating
office, but the detailed information is unknown.
RELATED COMPANY
SC is not known to have
any subsidiary at present.
PAYMENT
Overall payment
appraisal:
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet be 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.
BANKING
Basic Bank
Bank of
Communications
AC#: N/a
FINANCIALS
Established as a new
company in 2012, SC’s financials are not available at present.
CONCLUSIONS
SC was established
recently in 2012, and its credit has not been established yet.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.47 |
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UK Pound |
1 |
Rs.86.60 |
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Euro |
1 |
Rs.68.66 |
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.