MIRA
INFORM REPORT
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Report Date : |
10.08.2012 |
IDENTIFICATION DETAILS
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Name : |
TIANJIN KAIWEI CHEMICAL CO., LTD. |
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Registered Office : |
Building 27, The Royal Garden, No. 10 2nd Street, Economic & Technological Development Area, Tianjin, 300457 Pr |
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Country : |
China |
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Date of Incorporation : |
14.06.1995 |
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Com. Reg. No.: |
120107000015853 |
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Legal Form : |
Limited
Liabilities Company |
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Line of Business : |
manufacturing and selling
chemical products |
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No. of Employees : |
200 |
RATING & COMMENTS
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MIRAs 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 : |
No Complaints |
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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
TIANJIN KAIWEI
CHEMICAL CO., LTD.
BUILDING 27, THE ROYAL GARDEN, NO. 10 2ND
STREET, ECONOMIC & TECHNOLOGICAL DEVELOPMENT AREA, TIANJIN, 300457 PR CHINA
TEL: 86 (0)
22-66208011/66611155 FAX: 86 (0) 22-66209744/25391522
EXECUTIVE SUMMARY
INCORPORATION DATE : JUNE 14, 1995
REGISTRATION NO. : 120107000015853
REGISTERED LEGAL
FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH : 200
REGISTERED CAPITAL : CNY 109,200,000
BUSINESS LINE :
MANUFACTRUING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : 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 Ren Min Bi
SC was registered as a limited liabilities company at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on June 14, 1995.
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.
SCs registered business scope includes processing, manufacturing and selling
solid caustic soda, caustic soda, melamine, carbonation ammonia; import and
export of self-made products; processing, manufacturing and selling oil
refining catalyst, Y zeolite; with permit if needed.
SC is mainly
engaged in manufacturing and selling chemical products.
Mr. Wu Yukai is
the legal representative and chairman of SC at present.
SC is known
to have approx. 200 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the economic & technological development area of
Tianjin. SCs management declined to release detailed
information of the premise.
SCs
factory is located in No. 1698 Kaiwei Road, Tanggu New City Town, Binhai New
District, Tianjin.
http://www.kaiweigroup.com/
the website belongs to Kaiwei Group and also includes SCs information, and the
design is professional and the content is well organized. At present it is in
Chinese version.
Changes of its
registered information are as follows:
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Date of change |
Item |
Before the change |
After the change |
|
Unknown |
Registration No. |
1201072000209 |
Present one |
MAIN SHAREHOLDERS:
Name % of Shareholding
Tianjin Kaiwei Investment Group Co., Ltd.
95.43
Li Guifang
2.50
Wu Qiuping 2.07
Tianjin Kaiwei Investment Group Co., Ltd.
.
Legal representative: Wu Yukai
Registration No.: 120107000010200
Registered capital: CNY 140,000,000
Website: http://www.kaiweigroup.com/
Add: Building 27, The Royal Garden, No. 10 2nd
Street, Economic & Technological Development Area, Tianjin
Tel: 022-66208011
Fax: 022-66209744
Legal
representative and Chairman:
Mr. Wu Yukai is currently
responsible for the overall management of SC.
Working
Experience(s):
At present Working in SC as legal representative and chairman;
Also working in Tianjin Kaiwei Investment Group Co., Ltd., Tianjin Kaiwei and Yongu United Chemical Co., Ltd. as legal representative
Manager:
Mr. Zhang Tieshan is currently responsible for the daily management of
SC.
Working
Experience(s):
At present Working in SC as manager
Supervisor:
Li Guifang
Directors:
Wang Xiaomin
Sun Fengge
SC is mainly
engaged in manufacturing and selling chemical products.
SCs products
mainly include melamine, ammonium bicarbonate, etc.
SC sources its
materials 100% from domestic market. SC sells 70% of its products in domestic
market and 30% to overseas market, mainly Southeast Asia.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include Check, T/T, L/C and Credit of 30-60 days.
Note:
SCs management declined to release its major clients and suppliers.
According to the above website:
Tianjin Kaiwei and Yongu United Chemical Co., Ltd.
Tianjin Kainuo Melamine Chemical Co., Ltd.
Tianjin Kaiwei Import and Export Trade Co., Ltd.
Etc.
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.
SCs management
declined to release its banking information.
SCs financial reports
were not found during our checks with the local Administration for Industry and
Commerce.
SCs management
declined to release any financial information.
SC is considered medium-sized in its line with 17 years development
history.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.17 |
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UK Pound |
1 |
Rs.86.43 |
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Euro |
1 |
Rs.68.27 |
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 SCs 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.