MIRA
INFORM REPORT
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Report Date : |
09.02.2011 |
IDENTIFICATION DETAILS
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Name : |
guangzhou
panglory chemical CO., LTD. |
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Registered Office : |
Room 905, Yanqiao Mansion, No. 89, Yanling Road, Tianhe District,
Guangzhou, Guangdong Province, 510507 PR |
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Country : |
China |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
20.04.2009 |
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Com. Reg. No.: |
440106000072618 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Engaged in
selling chemical raw materials & products, pesticide & fertilizer. |
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No. of Employees : |
8 |
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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Maximum Credit Limit : |
usd 30,000 |
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Status : |
Small company |
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Payment Behaviour : |
No complaints |
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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 – September 30, 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 and address
guangzhou
panglory chemical CO., LTD.
ROOM 905, YANQIAO MANSION, NO. 89, YANLING ROAD, TIANHE DISTRICT, GUANGZHOU, GUANGDONG province, 510507 PR CHINA
TEL: 86 (0) 20-61030080 FAX: 86 (0) 20-61030087
EXECUTIVE SUMMARY
INCORPORATION DATE : APRIL 20, 2009
REGISTRATION NO. : 440106000072618
REGISTERED LEGAL FORM : Limited liabilities
company
STAFF STRENGTH :
8
REGISTERED CAPITAL : CNY 5,000,000
BUSINESS LINE :
TRADING
TURNOVER :
CNY 40,000,000 (UNAUDITED, AS OF DEC. 31, 2011)
EQUITIES :
CNY 4,990,000 (UNAUDITED, AS OF DEC. 31, 2011)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO usd 30,000
MARKET CONDITION : average
FINANCIAL CONDITION : Fairly stable
OPERATIONAL TREND : fairly STEADY
GENERAL REPUTATION : average
EXCHANGE RATE :
CNY 6.2933 = 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
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 April 20, 2009.
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 selling chemical raw materials & products,
pesticide & fertilizer, electronic products, computer software & hardware,
machinery equipment, machinery equipment, instruments, hardware, metal
materials, daily necessities, textiles, arts & crafts; R&D and
technical service, transfer & consulting of biotechnology, computer
software & hardware; importing & exporting commodities and technology.
SC is mainly
engaged in selling chemical raw materials & products, pesticide &
fertilizer.
Mr. Peng Ziluo is
legal representative and chairman of SC at present.
SC is known to
have approx. 8 employees at present.
SC is currently operating at the above stated address, and this address houses its operating office in the commercial zone of Guangzhou. Our checks reveal that SC rents the total premise about 100 square meters.
SC is not known to host website of its own at present.
No significant events or changes were found during our checks with local
AIC.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Peng Ziluo 5
Hu Yanwang 60
Hang Zhenhua 30
Liu Ping 5
l
Legal representative and chairman:
Mr. Peng Ziluo is currently responsible for the overall management of
SC.
Working Experience(s):
At present Working in SC as legal
representative and chairman.
SC is mainly
engaged in selling chemical raw materials & products, pesticide &
fertilizer.
SC’s products mainly include: chemical raw materials & products, pesticide
& fertilizer, etc.
SC sources its materials 90% from domestic
market, and 10% from overseas market. SC sells 100% of its products in domestic
market.
The buying terms of SC include Check, T/T, L/C and Credit of 30-60 days.
The payment terms of SC include Check, T/T and Credit of 30-60 days.
Note:
SC refused to release its main clients and suppliers.
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.