MIRA INFORM REPORT

 

 

Report Date :

21.08.2012

 

IDENTIFICATION DETAILS

 

Name :

LIANZHONG INDUSTRY CO., LIMITED

 

 

Registered Office :

Xiaodian Industrial Zone, Xiaodian Town, Hongqi District, Xinxiang City, Henan Province 453000 Pr

 

 

Country :

China

 

 

Date of Incorporation :

---

 

 

Com. Reg. No.:

---

 

 

Legal Form :

---

 

 

Line of Business :

---

 

 

No. of Employees :

---

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Registered in Hong Kong

Payment Behaviour :

Unknown

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

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

Company name & address 

 

lianzhong industry co., limited

XIAODIAN INDUSTRIAL ZONE, XIAODIAN TOWN, HONGQI DISTRICT

XINXIANG CITY, HENAN PROVINCE 453000 PR CHINA

TEL: 86 (0) 373-7784278

FAX: 86 (0) 373-7784278

 

 

NARRATIVE REPORT

 

This refers to a type of report whose format is different from that of a standard report. Such type of report is provided when:

 

l         Information obtained is insufficient for compiling a standard report.

l         The enquired co has been out of business or its business address has been untraceable.

 

It should be noted that the time and manpower spent on preparing such type of report might be greater than those on a standard report. On many occasions, the information in this type of report still indicates the current status of the enquired co. and serves as a useful reference to assess its credit standing.

------------------------------------------

Adopted abbreviations (as follows)

SC - Subject Company (the company inquired by you)

N/A – Not available

CNY – China Yuan Ren Min Bi

 

CHECK ON SC’S REGISTERED TELEPHONE LINE

 

²        The given contact ways are as below,

Tel: 86 (0) 373-7784278

Fax: 86 (0) 373-7784278

 

When we dialed the given telephone number (86 (0) 373-7784278), a lady Ms. Lu answered the phone. She admitted the English name, and told us its Chinese name in translation is “联众实业有限公司”, which is registered in Hong Kong, but mainly operates in Xinxiang, Henan Province, PRC China.

 

²        Ms. Lu introduced the below information,

A.      SC is mainly engaged in exporting plastic machinery.

B.      SC registered in Hong Kong, which is convenience for exporting business.

C.      Ms. Lu’s e-mail is: lianzhongindustry@gmail.com

D.      SC sources its materials 100% from domestic market, mainly Henan. SC sells 100% to overseas market, mainly Southeast Asia, Africa, and Europe.

 

²        During our investigation,

AA. According to the given contact ways, we found SC’s related company named “Andefu Plastic Machinery Co., Ltd.”, which is registered in Xinxiang, Henan Province, PR China.

 

BB. The website is www.bottle-mould.com, and the e-mail is sales@bottle-mould.com.

 

 

OPERATION FROM INTERNET

 

SC’s main products include:

·         Blowing bottle mould

Perform mould

Cap mould

Household mould

Extrusion mould

Pipe fitting mould

Cap products

Cap slitting machine and folding machine

PET blow moulding machine

Plastic machines

Extrusion-blowing machine

 

 

SPOT VISIT

 

Xiaodian Industrial Zone, Xiaodian Town, Hongqi District, Xinxiang City, Henan Province 453000 PR China

 

Ms. Lu released that SC locates there at present.

 

 

REGISTRATION

 

According to the Chinese names  “联众实业有限公司” Ms. Lu released, a research was conducted with Xinxiang municipal and Henan Provincial Administration of Industry & Commerce (AIC-the official body of issuing and renewing business license), but no record of SC was found.

 

n         During our check with Hong Kong Registry, we found the following registration about SC,

Company Name:          Lianzhong Industry Co., Limited 联众实业有限公司

Company File No.:       1255291

Date of Registration:    July 11, 2008

Legal Form:                 Private

Status:                         Live

 

We also checked the Chinese name “Andefu Plastic Machinery Co., Ltd. 新乡市红旗区安得富塑料机械有限公司” with Xinxiang Municipal AIC, we found the following registration information,

 

Registration No.:                      410702000017041

Date of Registration:                April 28, 2011

Legal Form:                             One-person Limited Liabilities Company

Registered Capital:                  CNY 100,000

Legal Representative:                         Zhao Jifu 赵继福

Business Scope:                      Selling, importing and exporting plastic machinery components, plastic

machinery and plastic products.

 

Shareholder (s)

(% of Shareholding):                   Zhao Jifu 赵继福 (100%)

 

 

CONCLUSIONS

 

SC is considered small-sized in its line with 4 years operation history.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.55

Euro

1

Rs.68.85

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.