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MIRA INFORM REPORT
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Report Date : |
01.02.2012 |
IDENTIFICATION DETAILS
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Name : |
TOMORROW CHEMICAL CO. LTD (NF) |
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Registered Office : |
RM 1706, Guangyin Building, Youyi North
Road, Hexi District, Tianjin City |
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Country : |
China |
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Date of Incorporation : |
15.12.2008 |
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Com. Reg. No.: |
1294386 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesale of farm chemical |
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No. of Employees
: |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Not Registered in China |
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Payment
Behaviour : |
Unknown |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
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Tomorrow Chemical Co. Ltd |
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RM 1706, Guangyin Building, Youyi North Road, Hexi District, Tianjin City |
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Tel : |
86 22 84150190 |
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Fax: |
86 22 84151085 |
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E-mail: |
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Website: |
-- |
Currency in this report is Chinese Yuan unless otherwise stated.
Exchange Rate: 1 USD=6.32 Chinese Yuan
"--"in this report indicates "unavailable" due to insufficient information or "no comments"
Notes
Subject is an offshore company registered in Hong Kong. Hence its shareholder and financial information is unavailable in this report.
EXECUTIVE
SUMMARY
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DATE OF establishment |
dec.15th, 2008 |
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Aic Registration No. |
1294386 |
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legal form |
private company |
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REGISTERED CAPITAL |
-- |
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main BUSINESS |
wholesale of farm chemical |
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employees |
10 |
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import and export permits |
yes |
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business scale |
Small |
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operation trend |
Average |
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base Credie limit |
N/A |
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EXCHANGE RATE |
1 Usd=6.32 CNY (jan.30th, 2012) |
REGISTRATION
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Name |
Tomorrow Chemical Co. Ltd |
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Registered country |
Hong Kong |
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Operation address |
RM 1706, Guangyin Building, Youyi North
Road, Hexi District, Tianjin City |
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Date of Establishment |
Dec 15th, 2008 |
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Registry |
-- |
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Chief Executive |
Tiger Chen |
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Registered Legal Form |
private company |
Offshore company
This
form of business refers to limited liability companies, share limited companies
or other business forms registered in offshore field (BVI, Hong Kong etc.).
This kind of company is tax exempted, confidential and free of foreign exchange
control.
REGISTRATION
INFO: VERY SIMPLE
FINANCIAL
REPORTS: UNAVAILABLE
SHAREHOLDERS
AND SHARES
Subject is an offshore company; its shareholder information is not available in China Mainland.
AFFILIATE(S)
No affiliate of
subject is found after checking.
MANAGEMENT
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Name |
Tiger Chen |
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Gender |
Male |
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Title |
Chief executive |
BANKERS INFORMATION
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Bank name |
SHENZHEN DEVELOPMENT BANK,CO.,LTD OFFSHORE
BANKING DEPARTMENT |
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Account No. (CNY) |
OSA 110 102 833 58002 |
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Source of information |
Client |
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Verified information |
The above bank was contacted (Tel:
86-755-82081035). However, the bank staff refused to verify subject’s account
information. |
OFFICE FACILITIES
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Geographic Location |
RM 1706, Guangyin Building, Youyi North Road, Hexi District, Tianjin City |
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Area |
300 square meters |
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Environment and traffic |
Acceptable |
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Property Ownership |
Rented |
TRADEMARKS
& PATENTS
After checking with the
Trademark Office of Chinese Administration Bureau of Industry and Commerce and
the State Intellectual Office, no trademarks or patents of SC were found.
MAIN
PRODUCTS & SERVICES
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Main business |
Wholesale of farm chemical |
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Products and services |
Subject’s products include pesticide,
herbicide, fungicide etc. |
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Annual production capacity |
N/A |
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Certificates |
N/A |
SALES
INFORMATION
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Local sales |
10% |
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Regions |
Hong
Kong |
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Major domestic clients |
Traders |
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Payment terms |
Prompt payment; on credit |
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Export |
90% |
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Regions |
USA,
Australia, Japan, Russia, Canada, Germany, France, UK, Italy, China etc. |
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Major overseas clients |
-- |
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Payment terms |
L/C, T/T |
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Subject is registered in
Hong Kong. Therefore, Hong Kong is regarded as its local market. Its products
are mainly sold to traders in USA and European countries. |
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The above information was
confirmed by SC’s employee. |
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PURCHASE
INFORMATION
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Main Commodities Purchased |
pesticide, herbicide |
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Region |
Import: 100% |
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Number of Major Suppliers |
More than 5 |
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Major suppliers |
-- |
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Main Terms of Payment |
Import: L/C, T/T |
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Subject’s products are mainly supplied by
manufacturers from China mainland. Operated in China mainland, it’s
convenient for subject to cooperate with the suppliers. |
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The above information was confirmed by SC’s
employee. |
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CREDIT
RECORDS
Subject’s staff was cautious about its purchasing
information and refused to disclose its supplier name. Hence no payment comment
from the supplier can be provided in this report.
LITIGATION
RECORDS
After checking with China Court organization,
the local court website and other major searching websites, no litigation
record related to subject company in the latest three years is found.
FINANCE
As an offshore company, subject’s
financial information is unavailable through China Mainland channels.
BASE CREDIT
LIMIT
N/A
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.68 |
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UK Pound |
1 |
Rs.78.17 |
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Euro |
1 |
Rs.65.52 |
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.