MIRA
INFORM REPORT
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Report Date : |
18.08.2012 |
IDENTIFICATION DETAILS
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Name : |
DELICACY
FOREVER JEWELLERY CO., LTD. |
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Registered Office : |
1/F & 4/F, Comprehensive
Building, No. 20, Beili North Road, Luohu District, Shenzhen, Guangdong
Province, 518020 PR |
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Country : |
China |
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Date of Incorporation : |
15.06.2000 |
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Com. Reg. No.: |
440301104627908 |
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Legal Form : |
Limited Liabilities Co. |
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Line of Business : |
Engaged
in manufacturing, processing and selling jewelry. |
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No. of Employees : |
300 |
RATING & COMMENTS
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MIRA’s 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 : |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 and address
DELICACY FOREVER JEWELLERY CO., LTD.
1/F & 4/F, comprehensive
BUILDING, NO. 20, BEILI NORTH ROAD, LUOHU DISTRICT, SHENZHEN, GUANGDONG
PROVINCE, 518020 PR CHINA
TEL: 86 (0) 755-25608085 FAX:
N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : JUN. 15, 2000
REGISTRATION NO. :
440301104627908
REGISTERED LEGAL FORM : LIMITED LIABILITIES CO.
STAFF STRENGTH :
300
REGISTERED CAPITAL :
CNY 20,000,000
BUSINESS LINE : manufacturing,
processing and 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
6.36 =USD
Adopted
abbreviations:
ANS -
amount not stated
NS -
not stated
SC -
subject company (the company inquired by you)
NA - not available
CNY - China Yuan Renminbi
Note: SC’s complete name should be the
heading one and SC is also known as Delicacy Forever Jewelry Co, Ltd.; the
given number 0755-25602880 doesn’t belong to SC.
SC was registered as a Limited
liabilities co. at local Administration for Industry & Commerce (AIC - The
official body of issuing and renewing business license) on Jun. 15, 2000.
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 manufacturing,
purchasing and selling gold, silver, platinum, jewelry.
SC is
mainly engaged in manufacturing, processing and selling jewelry.
Mr. Yang Zengguo is the legal representative, chairman and general
manager of SC at present.
SC is
known to have approx. 300 employees at present.
SC is currently operating at the above stated address, and
this address houses its operating office and factory in Shenzhen. The detailed
premise information is unknown.
SC is not known to host website of its own at present.
Changes of its registered information:
|
Date of change |
Item |
Before the change |
After the change |
|
2010-4 |
Registered no. |
4403011048059 |
Present one |
MAIN SHAREHOLDERS:
Name % of Shareholding
Yang Zengguo 70
Wang Meiyan 30
l
Legal Representative, Chairman and
General Manager:
Mr. Yang Zengguo is currently responsible for the overall
management of SC.
Working Experience(s):
At present Working in SC as legal representative,
chairman and general manager.
l
Supervisor:
Wang Meiyan
SC is
mainly engaged in manufacturing, processing and selling jewelry.
SC’s products mainly include: jewelry, etc.
SC
sources its materials 60% from domestic market and 40% 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 T/T, L/C, Check and Credit of
30-60 days.
Note:
SC declined to release its major suppliers and clients.
SC is not known to have the subsidiary at present.
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.
The
banking information of SC is unknown.
SC’s management declined to release any financial information.
Investigations were made with the local AIC, but the
financial were not available.
SC is considered medium-sized in its line with a development
history of 12 years. Due to lack of financial status, we are unable to
recommend accurate credit limit for SC.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
|
1 |
Rs.87.54 |
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Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.