MIRA
INFORM REPORT
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Report Date : |
11.08.2012 |
IDENTIFICATION DETAILS
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Name : |
NANTONG TIANHONG INTERNATIONAL TRADE CO.,
LTD. |
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Registered Office : |
No. 101
Nanshi Street, Tangzha, Nantong, Jiangsu Province 226017 Pr |
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Country : |
China |
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Date of Incorporation : |
05.06.2000 |
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Com. Reg. No.: |
320600000008279 |
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Legal Form : |
One-Person Limited Liability Company |
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Line of Business : |
International Trade |
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No. of Employees : |
06 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
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) |
|
China |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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
Nantong Tianhong
International Trade Co., Ltd.
no. 101 nanshi street, tangzha, nantong
jiangsu PROVINCE 226017 PR CHINA
TEL: 86 (0) 513-89195555/85559114
FAX: 86 (0) 513-85559208
EXECUTIVE SUMMARY
Date of Registration : june 5, 2000
REGISTRATION NO. : 320600000008279
LEGAL FORM : One-person Limited Liability Company
REGISTERED CAPITAL :
cny 1,000,000
staff 6
BUSINESS CATEGORY :
trading
Revenue :
N/A
EQUITIES :
N/A
WEBSITE : N/A
E-MAIL :
ntacf@pub.nt.jsinfo.net
PAYMENT : AVERAGE
MARKET CONDITION : average
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : Ordinary
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.37 = 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
SC was
established as a one-person limited liability company of PRC
with State Administration of Industry & Commerce (SAIC) under registration
No.: 320600000008279 on June 5, 2000.
SC’s Organization Code Certificate
No.: 72063164-4
SC’s registered capital: cny 1,000,000
SC’s paid-in capital: cny 1,000,000
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 |
|
Nantong Acetic Acid Chemical
Co., Ltd. |
100 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative,
Chairman, and General Manager |
Gu Qingquan |
|
Supervisor |
Wu
Junqiu |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART & BACKGROUND
Name %
of Shareholding
Nantong Acetic Acid Chemical Co., Ltd. 100
------------------------------------
Date of Registration: June 1, 1959
Registration No.: 320000000016099
Legal Form: Shares Limited
Company
Address: No. 968 Jiangshan Road, Economic
& Technological Development Zone, Nantong, Jiangsu Province, 226009 Pr
China
Tel: 86 (0) 513-89195558/85559158
Fax: 86 (0) 513-89195521/85544224
MANAGEMENT
Gu Qingquan, Legal
Representative, Chairman and General Manager
-------------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Age: 61
Ø
ID# 320602510611401
Ø
Qualification:
University
Ø
Working
experience (s):
From 2000 to present, working in SC as legal representative, chairman and general manager, also working in Nantong Acetic Acid Chemical Co., Ltd. Chemosynthesis Veterinary Drugs Branch as principal, working in Nantong Liyang Chemical Co., Ltd., Nantong Acetic Acid Chemical Co., Ltd. as legal representative
Wu Junqiu
, Supervisor
------------------------------------------
Ø
Gender: F
Ø
Age: 43
Ø
ID# 320404691112062
BUSINESS OPERATION
SC’s registered business scope includes operating and
acting as an agent of importing and exporting various kinds of commodities and technology,
excluding the goods forbidden by the government; processing with imported
materials, processing with imported samples, assembling with imported parts,
and compensation trade in agreement; counter trade &
transit trade.
SC is
mainly engaged in international trade.
SC’s
products mainly include: food, feed additives, pharmaceutical, insecticide
intermediates, etc.
SC sources its materials 100% from domestic market, mainly Jiangsu. SC sells 100% of its products to overseas market, mainly USA, Middle East, Southeast Asian market, etc.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include L/C and Credit of 30-60 days.
*Major Customers:
==============
Brenntag Pacific Inc.
*Major Supplier:
============
Nantong
Acetic Acid Chemical Co., Ltd.
Staff & Office:
--------------------------
SC is
known to have approx. 6
staff at present.
SC rents an area
as its operating office, but the detailed information is unknown.
RELATED COMPANY
Nantong
Liyang Chemical Co., Ltd.
--------------------------------------------
Registration No.: 320623000004800
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’s suppliers
declined to make any comments.
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
The bank
information of SC is not filed in SAIC.
FINANCIALS
The financials of SC is not available in
local SAIC, and SC also refused to release the details.
CONCLUSIONS
SC is considered small-sized in its line with
a development history of 12 years.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
UK Pound |
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.43 |
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<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.