MIRA
INFORM REPORT
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Report Date : |
13.08.2012 |
IDENTIFICATION DETAILS
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Name : |
RIL INTERNATIONAL LTD. |
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Registered Office : |
Room 1033 Huaying Mansion, Zhongxin Avenue, Tianjin
Airport Industril Park Pr |
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Country : |
China |
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Date of Incorporation : |
11.11.2009 |
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Com. Reg. No.: |
120192000048023 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
International
Trade |
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No. of Employees : |
14 (Including Temporary Workers) |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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
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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
RIL International Ltd.
Room 1033 Huaying
Mansion, Zhongxin Avenue, Tianjin Airport Industril Park PR CHINA
TEL: 86 (0)
22-58211126 FAX: 86 (0) 22-58211129
EXECUTIVE SUMMARY
INCORPORATION DATE : nov. 11, 2009
REGISTRATION NO. :
120192000048023
REGISTERED
LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH : 14 (including temporary
workers)
REGISTERED CAPITAL :
CNY 860,000
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
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 Nov. 11, 2009.
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 import and export of various
goods and technologies, excluding the goods forbidden by the government; selling
electro-mechanical products (excluding the car), vehicle parts, steel
materials, lumber, building materials, minerals, refractory material, light and
textile industry garments, general merchandise, home appliance, office supplies
and rubber and plastics; related consulting services; leasing houses.
SC is mainly
engaged in international trade.
Ms. Zhang Lixin is chairman of SC at
present.
SC is
known to have approx. 14 employees at present, including 11 temporary
workers.
SC is currently operating at the above stated address, and this
address houses its operating office in the economic & technological
development zone of Tianjin. The detailed information of the premise is
unspecified.
http://www.tjril.com/ The design is professional and the content is
well organized. At present it is in both Chinese and English versions.
Email: goldenstar@china.com sales@tjril.com
No significant events or changes were found during our
checks with the local Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Zhang Lixin 65.12
Zhang Min 17.44
Ling Xuejin 17.44
Chairman &
General Manager:
Ms. Zhang Lixin is currently responsible for
the overall management of SC.
Working
Experience(s):
At present Working in SC as chairman and general manager.
SC started its normal operation since May of 2010.
SC is mainly
engaged in international trade.
SC’s products
mainly include chemicals, electro-mechanical products and garments.
SC sources its materials 90%
from domestic market, and 10% from overseas market. SC sells 70% of its
products in domestic market, and 30% 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 Check, T/T, L/C and Credit of 30-60
days.
Related company: (website sources)
Tianjin Jinmei Chemical Co., Ltd.
Legal
representative: Wang Changlin
Registration no.: 120108000002085
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.
China Citic Bank Tianjin Binhai Sub-branch
AC# N/A
Relationship:
Normal
SC started its normal operation in May of 2010,
so the financials are not available in local AIC.
SC is considered small-sized in its line with 3 years operation history.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
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UK Pound |
1 |
Rs.86.45 |
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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 |
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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.