MIRA
INFORM REPORT
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Report Date : |
09.02.2012 |
IDENTIFICATION DETAILS
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Name : |
NANJING NINGZHOUDA TRADING CO., LTD. |
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Registered Office : |
Room 35-404, No. 19 Muxuyuan Street, Baixia District Nanjing, Jiangsu Province
210007 Pr |
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Country : |
China |
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Date of Incorporation : |
25.05.2011 |
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Com. Reg. No.: |
320107000105544 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling chemical products, hardware, arts and crafts, machinery and
electronic products, computers and accessories, instrumentation, electrical
and mechanical equipment, lighting, general machinery and accessories
etc. |
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No. of Employees : |
04 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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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 – 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
NANJING NINGZHOUDA TRADING CO., LTD.
room 35-404, no. 19
muxuyuan street, baixia district
nanjing, jiangsu
province 210007 PR CHINA
TEL: 86 (0) 13770914666
FAX: 86 (0) N/A
EXECUTIVE SUMMARY
Date of Registration : may 25, 2011
REGISTRATION NO. : 320107000105544
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL :
cny 500,000
staff : 4
BUSINESS CATEGORY :
trading
Revenue :
n/a
EQUITIES : n/a
WEBSITE : N/A
E-MAIL :
N/A
PAYMENT : average
Recommended Credit Limit: C.O.D.
MARKET CONDITION : FAIR
FINANCIAL CONDITION : N/A
OPERATIONAL TREND :
ORDINARY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.30 = 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
Not yet be determined
LEGAL STATUS & HISTORY
SC was
established as a limited liabilities company of PRC with State Administration
of Industry & Commerce (SAIC) under registration No.: 320107000105544 on May 25,
2011.
SC’s Organization Code Certificate
No.: 571598309
SC’s registered capital: cny 500,000
SC’s paid-in
capital: cny 500,000
No significant changes of SC have
been noted in SAIC since its incorporation.
Current Co search indicates SC’s shareholders & chief
executives are as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Hu Qingping |
51 |
|
Yu Hui |
49 |
SC’s Chief Executives:-
|
Position |
Name |
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Legal Representative and General
Manager |
Hu Qingping |
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Supervisor |
Yu
Hui |
RECENT
DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Hu Qingping 51
Yu Hui 49
MANAGEMENT
Hu Qingping, Legal Representative and General Manager
--------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Age: 32
Ø
ID# 360430197912284311
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as legal representative and general manager
Yu
Hui, Supervisor
----------------------------------
Ø
Gender: F
Ø
Age: 30
Ø
ID# 320106198105212048
Ø
Qualification:
University
BUSINESS OPERATION
SC’s registered business scope includes selling chemical
products, hardware, arts and crafts, machinery and electronic products,
computers and accessories, instrumentation, electrical and mechanical
equipment, lighting, general machinery and accessories, auto accessories,
textile needles, operating and acting as an agent of importing and exporting
various kinds of commodities and technology, excluding the goods forbidden by
the government.
SC is
mainly engaged in selling chemical products.
SC’s
products mainly include: Sodium alginate, etc.
SC sources its materials 100% from domestic
market. SC sells 100% to overseas market, mainly India, etc.
The
buying terms of SC include T/T and Credit of 30-60 days. The payment terms of
SC include T/T, L/C and Credit of 30-60 days.
Staff & Office:
--------------------------
SC is
known to have approx. 4 staff at present.
SC
rents an area as its operating office, 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
China Merchants
bank
Nanjing Branch, No.
1 Hanzhonglu, Nanjing, China 210005
Tel:
0086-25-81797308
FINANCIALS
Established as a new company in 2011, SC’s financials are not available
at present.
CONCLUSIONS
SC was established recently in 2011, and its credit has not been
established yet. Great caution is required in providing credit to SC and C.O.D.
is recommended.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.65.15 |
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 |
-- |
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.