x
MIRA
INFORM REPORT
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Report Date : |
16.02.2012 |
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Tel. No.: |
86-769-81316077-9 |
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Fax No.: |
86-769-81316076 |
IDENTIFICATION DETAILS
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Name : |
H & T
INDUSTRIAL CO., LTD. |
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Registered Office : |
The First Industrial Zone, Caibai Village,
Daojiao Town, Dongguan, Guangdong Province, 523170 Pr |
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Country : |
China |
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Date of Incorporation : |
09.06.2004 |
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Com. Reg. No.: |
441900500018097 |
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Legal Form : |
Processing and Assembly Agreements |
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Line of Business : |
Processing Rubber and Plastic Products |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRAs 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 : |
Small 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 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 |
|
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
H
& T INDUSTRIAL CO., LTD.
THE FIRST INDUSTRIAL ZONE, CAIBAI VILLAGE,
DAOJIAO TOWN, DONGGUAN, GUANGDONG PROVINCE, 523170 PR CHINA
TEL: 86 (0) 769-81316077-9 FAX: 86 (0) 769-81316076
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUN. 9, 2004
REGISTRATION NO. :
441900500018097
REGISTERED LEGAL FORM : PROCESSING AND ASSEMBLY AGREEMENTS
STAFF STRENGTH :
5
REGISTERED CAPITAL : N/A
BUSINESS LINE :
PROCESSING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT : NOT YET DETERMINED
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE : CNY 6.298= 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 Renminbi
Note: SCs complete name should be the heading one.
SC was registered as a processing and assembly agreements at
local Administration for Industry & Commerce (AIC - The official body of
issuing and renewing business license) on Jun. 9, 2004.
Company Status: Processing And Assembly Agreements This form of business is formed
upon an agreement between a Chinese party and a foreign party. The
materials to be processed are supplied by the foreign party while the
equipment & other production facilities being provided by other side.
The Chinese party (factory) processes the materials, which are then
delivered to the foreign party for marketing in exchange for processing
fee. In actuality, such arrangements are more akin to a labor and factory
rental arrangement as the foreign party will have exclusive management
rights over the Chinese party (factory).
SCs registered
business scope includes processing of rubber, plastic products, shoe
materials, sports equipment and its
products, and doing the import & export business of the above products
(with permit if needed).
SC is mainly
engaged in processing rubber and plastic products.
Mr. Zhong
Huisheng is the factory manager of SC at
present.
SC is known to have approx. 5
employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the industrial zone of Dongguan. Detailed information of
the premise is unspecified.
SC is not known to have any websites at present.
No significant events or changes were found during our checks with the
local Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name Investment
Chinese Part:
Dongguan City Daojiao Town Introducing
Foreign Investment Co. Premise/Labor
Foreign Part:
(Hong Kong) Hetai Industrial Co. (literal
translation) Capital/Equipment
l
Factory Manager:
Mr. Zhong Huisheng , born in 1973, with high school education, he is
currently responsible for the overall management of SC.
Working Experience(s):
At present Working
in SC as factory manager.
Also working in Dongguan Mingkuan Sports Goods Co.,
Ltd. (literal translation) as legal
representative.
SC is mainly
engaged in processing rubber and plastic products.
Main Products:
rubber and plastic products, etc.
As a processing and assembly agreements, SC mainly processes products
for its foreign investor with the imported materials from the foreign investor.
Dongguan
Mingkuan Sports Goods Co., Ltd. (literal translation)
Overall payment appraisal:
( ) Excellent (
) Good ( ) Average
( ) Fair (
) Poor (X) 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: N/A
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.
SC declined to
release its bank details.
As a processing and assembly agreements, SC does not need to submit its
financial reports to the local AIC.
All of SCs income is supposed to be the processing fee from its foreign
investor.
SC is considered small-sized in its line with 8 years operation history.
Credit dealings with SC should be confined into small amount at present.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.29 |
|
|
1 |
Rs.77.45 |
|
Euro |
1 |
Rs.64.89 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.