MIRA
INFORM REPORT
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Report Date : |
13.08.2012 |
IDENTIFICATION DETAILS
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Name : |
SHOU GANG CASEY STEEL CO., LTD. |
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Registered Office : |
Casey Industrial
Park, China Merchants Development Zone,
Zhangzhou, Fujian Province 363105 Pr |
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Country : |
China |
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Date of Incorporation : |
30.05.2011 |
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Com. Reg. No.: |
350604100004688 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
manufacturing, deep processing and selling steels;
technology development, technology services, technology advice of steel deep processing;
information consulting; equipment installation; importing and exporting steel
products and technology |
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No. of Employees : |
30 |
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 : |
Yet to commence Business
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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
shou gang casey steel
co., ltd.
casey industrial park, china merchants development zone
zhangzhou, fujian province 363105 PR CHINA
TEL: 86 (0) 596-6856337/6856339/6852101
FAX: 86 (0) 596-6856335
EXECUTIVE SUMMARY
Date of Registration : may 30, 2011
REGISTRATION NO. : 350604100004688
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL :
cny 1,500,000,000
staff : 30
BUSINESS CATEGORY :
manufacturing
Revenue : N/A
EQUITIES : N/A
WEBSITE : N/A
E-MAIL :
N/A
PAYMENT : Not yet be determined
MARKET CONDITION : n/a
FINANCIAL CONDITION : n/a
OPERATIONAL TREND :
NOT
YET BE DETERMINED
GENERAL REPUTATION : NOT YET BE DETERMINED
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 limited liabilities company of PRC with State Administration
of Industry & Commerce (SAIC) under registration No.: 350604100004688 on May 30,
2011.
SC’s Organization Code Certificate
No.: 57473370-5
SC’s registered capital: cny 1,500,000,000
SC’s paid-in capital: cny 1,500,000,000
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 |
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Fujian Casey Group Co., Ltd. |
40 |
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Shougang Corporation |
60 |
SC’s Chief Executives:-
|
Position |
Name |
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Legal Representative and Chairman |
Han Qing |
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Vice Chairman |
Huang Yahe |
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General Manager |
Qu Biao |
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Director |
Huang Yanjun |
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Wang Baomin |
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|
Zhang Qingchun |
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Supervisor |
Ge Liuying |
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Kong Yulan |
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|
Wang Fengming |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART & BACKGROUND
Name %
of Shareholding
Fujian Casey Group Co., Ltd. 40
Shougang Corporation 60
Fujian Casey Group Co., Ltd.:
=========================
Fujian Casey Group Co., Ltd. is a large
modernization enterprise founded in August 2003, specialized in production of
stainless steel coils, cold rolled carbon steel coils, and hot-dip galvanized
steel coils. The company annually put out stainless steel coils for 200000
tons, cold rolled carbon steel coils for 1500000 tons，hot-dip galvanized steel coils and coated steel coils for 300000 tons,
with specification 0.10-3.0 × 800
Address: 22nd Floor, Everbright Bank
Building, 81, Hubinnan Road, Xiamen
Tel: 86-592-2297661, 2297662
Fax: 86-592-2297663
Web: www.casey-steel.com
Shougang Corporation:
====================
Date of Registration: May 13, 1981
Registration No.: 110000003607422
Legal Form: State-owned Enterprise
Registered Capital: CNY 7,263,940,000
MANAGEMENT
Han Qing, Legal Representative and Chairman
---------------------------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as legal representative and chairman
Also working in Beijing Shougang Co., Ltd. as general manager
Huang Yahe, Vice Chairman
-------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as vice chairman
Also working in Fujian Casey Group Co., Ltd. as chairman
Qu Biao, General Manager
--------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as general manager
Director
-----------
Huang Yanjun
Wang Baomin
Zhang Qingchun
Supervisor
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Ge Liuying
Kong Yulan
Wang Fengming
BUSINESS OPERATION
SC’s registered business scope includes manufacturing,
deep processing and selling steels; technology development, technology
services, technology advice of steel deep processing; information consulting;
equipment installation; importing and exporting steel products and technology.
SC has not started
its normal operation yet.
Staff & Office:
--------------------
SC is
known to have approx. 30
staff at present.
SC owns an area as
its operating office & factory of approx. 667,000 sq. meters at the heading
address, and the factory is under construction.
RELATED COMPANY
SC is not known to have any subsidiary at present.
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good (
) Average ( ) Fair ( ) Poor (X) 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: None in our
database.
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
SC has not started its normal operation yet, so its financial reports
are not available at present.
CONCLUSIONS
Established in 2011, SC has not started its normal operation yet.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
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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 |
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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.