MIRA INFORM REPORT
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Report Date : |
22.08.2012 |
IDENTIFICATION DETAILS
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Name : |
TAIZHOU HUANGYAN YICHUAN MOULD FACTORY |
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Registered Office : |
No. 10, Meihuajing Road, Huangyan District, Taizhou, Zhejiang Province, 318020 Pr |
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Country : |
China |
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Date of Incorporation : |
03.08.2001 |
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Com. Reg. No.: |
331003670019281 |
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Legal Form : |
Individual-Owned Enterprise |
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Line of Business : |
manufacturing and selling
plastic mould |
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No. of Employees : |
15 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 : |
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
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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
TAIZHOU
HUANGYAN YICHUAN MOULD FACTORY
NO. 10, MEIHUAJING
ROAD, HUANGYAN DISTRICT,
TAIZHOU, ZHEJIANG PROVINCE,
318020 PR CHINA
TEL: 86 (0)
576-84295521 FAX: 86 (0) 576-84112543
EXECUTIVE SUMMARY
INCORPORATION DATE : AUG. 3, 2001
REGISTRATION NO. : 331003670019281
REGISTERED LEGAL FORM : INDIVIDUAL-OWNED ENTERPRISE
STAFF STRENGTH :
15
REGISTERED CAPITAL : N/A
BUSINESS LINE :
MANUFACTURING
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 6.3604 = USD 1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY - China Yuan Ren min bi
SC was registered as an individual-owned enterprise at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on Aug. 3, 2001.
Company Status: Individual-owned enterprise This form of business in PR
China is a privately owned individual or family enterprise, which does not
have legal person or limited status. The individual-owned enterprises are
usually located in urban area and are permitted to adopt a business name
& engage in retail, service, transportation & manufacturing
business.
SC’s registered
business scope includes manufacturing mould and processing plastic products
(with permit if needed).
SC is mainly
engaged in manufacturing and selling plastic mould.
Mr. Jin Yi is
principal of SC at present.
SC is known
to have approx. 15 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office and factory in Taizhou. Our checks reveal that SC rents the
total premise, but the gross area of the premise is unspecific.
http://www.capmold.com The design is professional and the content is
well organized. At present it is in Chinese and English versions.
Email: sales@capmold.com
No significant events or changes were found during our checks with the
local Administration for Industry and Commerce.
Investor:
Name Investment
amount
Jin Yi CNY
100,000
Principal:
Mr. Jin Yi is currently responsible for the overall management of SC.
Working
Experience(s):
At present Working in SC as principal.
SC is mainly
engaged in manufacturing and selling plastic mould.
SC’s products
mainly include: cap mould, PET preform mould, thin wall mould, blowing mould,
etc.
SC sources its materials 100% from domestic market.
SC sells 30% of its products in domestic markets, and 70% to overseas market.
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.
SC
is not known to have any 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.
Agricultural
Bank of China
AC#N/A
Relationship:
Normal.
SC was registered as an individual-owned enterprise, which is not required
to submit its annual financial reports to local Administration of Industry
& Commerce.
SC is considered small-sized in its line with a development history of
11 years.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.54 |
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UK Pound |
1 |
Rs.87.39 |
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Euro |
1 |
Rs.68.72 |
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.