MIRA
INFORM REPORT
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Report Date : |
08.08.2012 |
IDENTIFICATION DETAILS
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Name : |
SHANDONG JINLI IMP. AND EXP. CO., LTD. |
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Registered Office : |
4/F, Haiguan Building, Luocheng, Shouguang, Shandong Province 262704
Pr |
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Country : |
China |
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Date of Incorporation : |
21.03.2005 |
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Com. Reg. No.: |
370783228068800 |
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Legal Form : |
Limited Liabilities Co. |
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Line of Business : |
International Trade |
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No. of Employees : |
25 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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
|
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
SHANDONG JINLI IMP. AND EXP.
CO., LTD.
4/F, HAIGUAN BUILDING, LUOCHENG, SHOUGUANG,
SHANDONG PROVINCE 262704 PR CHINA
TEL: 86 (0) 536-5762077 FAX: 86 (0) 536-5762277
EXECUTIVE SUMMARY
INCORPORATION DATE : MAR.
21, 2005
REGISTRATION NO. :
370783228068800
REGISTERED LEGAL FORM : LIMITED LIABILITIES CO.
STAFF STRENGTH : 25
REGISTERED
CAPITAL :
CNY 10,000,000
BUSINESS
LINE : TRADING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT
: AVERAGE
MARKET
CONDITION : AVERAGE
FINANCIAL
CONDITION : N/A
OPERATIONAL
TREND :
FAIRLY STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : CNY 6.37 =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
Note: The given address “Houzhen Shouguang Shandong 262724 China” was SC’s former address and the current address should be the heading one.
SC was registered as a Limited liabilities co. at local
Administration for Industry & Commerce (AIC - The official body of issuing
and renewing business license) on Mar. 21, 2005.
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 importing and exporting commodities. (with
permit if needed)
SC is mainly engaged in international trade.
Mr. Chen Jiaguang is the legal
representative, chairman and general manager of SC at present.
SC is known to
have approx. 25 employees at present.
SC is currently
operating at the above stated address, and this address houses its operating
office in Shouguang. The detailed premise information
is unknown.
SC is not known to
host web site of its own at present.
Email: wfzy09098@163.com
Changes of its registered information
are as follows:
|
Date of change |
Item |
Before the change |
After the change |
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Unknown |
Legal representative |
Wang Lixue |
Present one |
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Shareholdings |
Zhang Zhiyong 30% Wang Lixue 40% Guo Panli 30% |
Present ones |
MAIN SHAREHOLDERS:
Name % of Shareholding
Zhang
Zhiyong 30
Chen
Jiaguang 40
Guo Panli 30
Legal
Representative, Chairman and General Manager:
Mr. Chen Jiaguang is currently responsible for the overall management of SC.
Working
Experience(s):
At present Working in SC as legal representative, chairman and general manager.
Supervisor:
Zhang
Zhiyong
SC is mainly engaged in international trade.
SC’s products mainly include: boards,
etc.
SC sources its materials 80% from
domestic market and 20% from overseas market. SC sells 10% of its products in
domestic market and 90% to overseas market.
The
buying terms of SC include Check, T/T, L/C, and Credit of 30-60 days. The
payment terms of SC include T/T, L/C, Check and Credit of 30-60 days.
Note: SC declined to release its
major suppliers and clients.
SC is not known to have
the subsidiary at present.
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.
The banking information of SC is unknown.
SC’s management
declined to release any financial information.
Investigations were made
with the local AIC, but the financial records were not available.
SC is considered
small-sized in its line with a development history of 7 years.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.50 |
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UK Pound |
1 |
Rs.86.40 |
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Euro |
1 |
Rs.68.69 |
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.