MIRA
INFORM REPORT
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Report Date : |
21.08.2012 |
IDENTIFICATION DETAILS
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Name : |
JINTENG MOULD FACTORY |
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Registered Office : |
No. 286-288 Yinshan Road, Huangyan
District, Taizhou, Zhejiang
Province 318020 Pr |
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Country : |
China |
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Date of Incorporation : |
30.07.2001 |
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Com. Reg. No.: |
331003670024140 |
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Legal Form : |
Individual-Owned Enterprise |
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Line of Business : |
processing and selling moulds |
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No. of Employees : |
21 employees |
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 : |
Slow |
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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 |
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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
Jinteng Mould Factory
no. 286-288
yinshan road, huangyan district
taizhou,
zhejiang province 318020 PR CHINA
TEL: 86
(0) 576-84195363
FAX: 86
(0) 576-84195767
EXECUTIVE SUMMARY
Date of Registration : july 30, 2001
REGISTRATION NO. : 331003670024140
LEGAL FORM : Individual-owned enterprise
REGISTERED CAPITAL :
n/a
staff : 21
BUSINESS CATEGORY :
processing & TRADING
Revenue :
n/a (AS OF DEC. 31, 2011)
EQUITIES :
n/a (AS OF DEC. 31, 2011)
WEBSITE : www.jintengmould.com
E-MAIL :
mail@jintengmould.com
PAYMENT : AVERAGE
MARKET CONDITION : average
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : Ordinary
GENERAL REPUTATION : AVERAGE
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 an Individual-owned enterprise of PRC with State Administration
of Industry & Commerce (SAIC) under registration No.: 331003670024140 on July 30, 2001.
SC’s Organization Code Certificate
No.: L2031335-7
Registration Change Record:-
No significant changes of SC have
been noted in SAIC since its incorporation.
Current Co search indicates SC’s investor & chief
executives are as follows:-
|
Name of Investor |
|
Li Jinguo |
SC’s Chief Executives:-
|
Position |
Name |
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Principal |
Li Jinguo
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RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART & BACKGROUND
Name of Investor
Li Jinguo
MANAGEMENT
Li Jinguo, Principal
-------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as principal
BUSINESS OPERATION
SC’s registered business scope includes processing and selling moulds, machinery,
and plastic products.
SC is mainly engaged in processing and selling moulds.
SC’s products mainly
include:
Preform Mould
Cap
Mould
Blowing
Mould
Blowing
Moulding Machine
Auxiliary
Equipment
Auxiliary
System Cases
SC sources its products 100%
from domestic market. SC sells 60% of its products in domestic market, and 40% to
overseas market, mainly Southeast Asia, etc.
The buying terms of SC include Check, T/T and Credit of
30-60 days. The payment terms of SC include Check, T/T, L/C and Credit of 30-60
days.
Staff & Office:
--------------------------
SC is
known to have approx. 21 staff
at present.
SC rents an area
as its operating office and factory, but the detailed information is unknown.
RELATED COMPANY
SC
is not known to have any subsidiary at present.
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) 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: 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.
BANKING
Basic Bank
Agricultural
Bank of China Huangyan Sub-branch
AC#: N/a
FINANCIALS
SC was registered
as an individual owned enterprise, which is not required to submit its annual
financial reports to local SAIC.
CONCLUSIONS
SC is considered small-sized in its line with
11 years business history.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
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UK Pound |
1 |
Rs.87.55 |
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Euro |
1 |
Rs.68.85 |
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.