MIRA
INFORM REPORT
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Report Date : |
11.02.2012 |
IDENTIFICATION DETAILS
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Name : |
HENAN HOUFENG TRADING CO., LTD. |
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Registered Office : |
Room 2305, Building D, Huihuang Mingyuan, No. 2 Youai Road
Zhengzhou, Henan Province 450007 Pr |
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Country : |
China |
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Date of Incorporation : |
22.03.2010 |
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Com. Reg. No.: |
410102000015502 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling fruits and vegetables; wholesaling and retailing pre-packaged food; importing and exporting the above commodities. |
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No. of Employees : |
5 |
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 1,000 |
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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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
HENAN HOUFENG TRADING CO., LTD.
ROOM 2305, BUILDING D, HUIHUANG MINGYUAN, NO. 2 YOUAI ROAD
ZHENGZHOU, HENAN PROVINCE 450007 PR CHINA
TEL: 86 (0) 371-86167701/13783520171
FAX: 86 (0) 371-86167701
EXECUTIVE SUMMARY
Date of Registration : march 22, 2010
REGISTRATION NO. : 410102000015502
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL : cny 1,000,000
staff :
5
BUSINESS CATEGORY : trading
Revenue :
CNY 1,042,000 (AS OF DEC. 31, 2010)
EQUITIES :
n/a (AS
OF DEC. 31, 2010)
PAYMENT :
AVERAGE
Recommended Credit Limit: UP TO USD 1,000
MARKET CONDITION : fair
FINANCIAL CONDITION : not yet be
determined
OPERATIONAL TREND : ORDINARY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.29 = 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.: 410102000015502 on March 22, 2010.
SC’s Organization Code Certificate No.:
55315080-X
SC’s registered capital: cny 1,000,000
SC’s paid-in capital: cny 1,000,000
Registration Change Record:
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 |
|
Luo Yamin |
50 |
|
Liu Dianqing |
50 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative and Chairman |
Luo Yamin |
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General Manager |
Liu Dianqing |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Luo Yamin 50
Liu Dianqing 50
MANAGEMENT
Luo Yamin , Legal
Representative and Chairman
--------------------------------------------------------------------------
Ø
Gender: M
Ø
Working
experience (s):
From 2010
to present, working in SC as legal representative and chairman
Liu Dianqing ,
General Manager
----------------------------------------------------
Ø
Gender: M
Ø
Mobile Phone No.: 86 (0) 13783520171
Ø
Working
experience (s):
From 2010
to present, working in SC as general manager
BUSINESS OPERATION
SC’s registered business scope includes selling fruits
and vegetables; wholesaling and retailing pre-packaged food; importing and
exporting the above commodities.
SC is mainly
engaged in selling peanut.
SC’s products
mainly include: peanut.
SC sources its materials 100% from domestic
market, mainly Guangdong. SC sells 100% of its products 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. 5 staff at present.
SC rents an area
as its operating office of approx. 80 sq. meters at the heading address.
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
The bank
information of SC is not filed in SAIC.
FINANCIALS
Financial Summary
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Unit: CNY’000 |
As
of Dec. 31, 2010 |
|
Revenue |
1,042 |
Note: The detailed financials for Y2010 are not available in SAIC.
CONCLUSIONS
SC is considered small-sized in its line with a development history of 2
years. A credit line up to USD 1,000
would appear to be within SC’s capacities.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.64 |
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|
1 |
Rs.78.35 |
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Euro |
1 |
Rs.65.79 |
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.