MIRA
INFORM REPORT
|
Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
DANDONG XINYUN PAPER MACHINERY CO., LTD. |
|
|
|
|
Registered Office : |
Room No. 404, 155-2 Binjiang Middle Road, Dandong, Liaoning Province 118000 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Date of Incorporation : |
13.03.2012 |
|
|
|
|
Com. Reg. No.: |
210600004086689 |
|
|
|
|
Legal Form : |
Limited Liabilities Company |
|
|
|
|
Line of Business : |
wholesaling and retailing
paper machinery, metal materials, building materials, decorating materials,
hardware, chemical products, garment, shoes & hats, knitting goods &
textiles, and grocery; purchasing agricultural products & byproducts;
importing and exporting commodities and technology |
|
|
|
|
No. of Employees : |
02 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
|
Status : |
New Business |
|
Payment Behaviour : |
Unknown |
|
Litigation : |
-- |
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Dandong Xinyun Paper Machinery
Co., Ltd.
room no.
404, 155-2 binjiang middle road, dandong
liaoning
province 118000 PR CHINA (as registered)
TEL: n/a
FAX: n/a
EXECUTIVE SUMMARY
Date of Registration : march 13, 2012
REGISTRATION NO. : 210600004086689
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL : cny 600,000
staff : 2
BUSINESS CATEGORY : trading
Revenue :
n/a
EQUITIES :
n/a
PAYMENT : Not yet be determined
MARKET CONDITION : CURRENTLY REMAINS
TO BE OBSERVED
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : NOT KNOWN
GENERAL REPUTATION : NOT KNOWN
EXCHANGE RATE : CNY 6.38 = 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.: 210600004086689 on March 13,
2012.
SC’s Organization Code Certificate
No.: 59091537-3
SC’s registered capital: cny 600,000
SC’s paid-in capital: cny 600,000
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 |
|
Hao Jinghui |
60 |
|
Zhu Hongping |
40 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative,
Chairman, and General Manager |
Hao Jinghui |
|
Supervisor |
Zhu Hongping
|
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART & BACKGROUND
Name %
of Shareholding
Hao Jinghui 60
Zhu Hongping 40
MANAGEMENT
Hao Jinghui, Legal Representative, Chairman, and General Manager
-----------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Working
experience (s):
At present, working in SC as legal representative, chairman,
and general manager
Zhu Hongping, Supervisor
----------------------------------------------
Ø
Gender: M
BUSINESS OPERATION
SC’s registered business scope includes wholesaling and
retailing paper machinery, metal materials, building materials, decorating
materials, hardware, chemical products, garment, shoes & hats, knitting
goods & textiles, and grocery; purchasing agricultural products &
byproducts; importing and exporting commodities and technology.
Exhausting
our efforts, we are unable to find SC’s telephone number in various information
sources, including the internet, yellow pages and telecom companies. It is
therefore not possible to contact SC directly to obtain further information.
The nature and extent of SC’s operations could not be determined
Staff & Office:
--------------------------
SC is
known to have approx. 2
staff at present.
It could not be
confirmed whether SC operates from the Registered Office address or in another
location.
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: N/a
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 local SAIC.
FINANCIALS
Established as a new company in 2012, SC’s financials are not available
at present.
CONCLUSIONS
SC is unable to be contacted, and no precise credit
assessment on SC can be made. If further contact details of SC are provided, we
will definitely continue our research on SC.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.98 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
---- |
NB |
New Business |
---- |
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.