MIRA INFORM REPORT
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Report Date : |
20.01.2012 |
IDENTIFICATION DETAILS
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Name : |
TAKEPO INTERNATIONAL CO., LTD. |
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Registered Office : |
Room 1008, 10/F, Changxin Plaza, No. 95 Nanguan Zheng Street, Xi’an, Shaanxi Province, 710000 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
15.04.2005 |
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Com. Reg. No.: |
610000100376685 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling
Chemical Products, etc. |
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No. of Employees
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07 |
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 5,000 |
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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 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
Takepo InTernational Co., Ltd.
ROOM 1008, 10/F, CHaNGXIN PLAZA, NO. 95 NANGUAN ZHENG STREET,
XI’AN, SHAaNXI PROVINCE, 710000 PR CHINA
TEL: 86 (0) 29-86518469 FAX: 86 (0) 29-86518275
EXECUTIVE SUMMARY
INCORPORATION DATE : APRIL
15, 2005
REGISTRATION NO. : 610000100376685
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH : 7
REGISTERED CAPITAL :
CNY 600,000
BUSINESS LINE : SELLING
TURNOVER :
CNY 20,220,000 (AS OF DEC. 31, 2010)
EQUITIES :
CNY 730,000 (AS OF DEC. 31, 2010)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : FAIRLY STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.3105 = 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: The given address “Room
1106, Unit A, Feng Huang Xin Cheng, Feng Cheng San Lu, Xi’an” is SC’s
registered address. And the address on SC’s website “
SC was registered as a limited liabilities company at provincial Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on April 15, 2005.
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 mineral products, chemical products (excluding easy made drugs and hazardous
chemicals), machine & equipment, metal materials, communication equipment (excluding
special controlled items), electronic products, application, hardware tool,
culture and education goods, arts & crafts, textile, labor protective
products; importing and exporting commodities
and technologies (excluding the items prohibited by the state), processing
with imported materials, processing with imported samples, assembling with
imported parts, and compensation trade in agreement; commercial information
consultant.
SC is
mainly engaged in selling chemical products, etc.
Ms.
Sun Weihua has been legal representative and chairman of SC since 2005.
SC is known to have approx. 7 employees at
present.
SC is currently operating at the above stated address, and this
address houses its operating office and head office in the commercial zone of
Xi’an. Our checks reveal that SC rents the total premise, but SC’s accountant
refused to release the gross area.
http://www.takepochem.com/ The design
is professional and the content is well organized. At present it is in both
Chinese and English versions.
Email: liuminn@pub.xaonline.com
Changes of its registered
information are as follows:
|
Date
of change |
Item |
Before
the change |
After
the change |
|
Unspecified |
Registration No. |
6100002071940 |
Present one |
MAIN SHAREHOLDERS:
Name %
of Shareholding
Sun Weihua 90
Liu Yuqin 10
l
Legal representative and chairman:
Ms. Sun Weihua, with university education. She is currently
responsible for the overall management of SC.
Working Experience(s):
From 2005 to present Working in SC as chairman and legal representative.
l
General manager:
Mr. Sun Jinyuan, about 49 years old. He is
currently responsible for the daily management
of SC.
Working Experience(s):
From 2005 to present Working in SC as general manager.
SC is
mainly engaged in selling chemical products, etc.
SC’s products mainly include: Tobias Acid, Cleves Acid, J acid,
Dihydroxyanthraquinone, Acetanilide; Acetylanilide and Beta Naphthol, etc.
SC sources its materials 100%
from domestic market. SC sells 100% of its products in domestic market.
The buying terms of SC include Check, T/T and Credit of
30-60 days. The payment terms of SC include Check, T/T and Credit of 30-60
days.
Note:
SC’s management declined to release its major 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.
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.
Bank of China Xi’an Chang’an Road Sub-branch
AC#:
307036693418091001
Relationship:
Normal.
Balance Sheet
Unit: CNY’000
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as of Dec. 31,
2010 |
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Cash & bank |
6,230 |
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Inventory |
350 |
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Accounts
receivable |
800 |
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Advances to
supplies |
0 |
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Other
receivables |
0 |
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Prepaid expenses |
10 |
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A receivable tax
rebate of export |
460 |
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Other current
assets |
0 |
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------------------ |
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Current assets |
7,850 |
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Fixed assets net
value |
0 |
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Projects under
construction |
0 |
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Long-term
investments |
0 |
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Intangible and other
assets |
0 |
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------------------ |
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Total assets |
7,850 |
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============= |
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Short loans |
0 |
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Notes payable |
6,030 |
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Accounts payable |
-190 |
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Advances from
customers |
0 |
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Accrued payroll |
0 |
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Welfares payable |
0 |
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Taxes payable |
-70 |
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Other Accounts
payable |
1,350 |
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Accrued expenses |
0 |
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Other
current liabilities |
0 |
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----------------- |
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Current
liabilities |
7,120 |
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Long term
liabilities |
0 |
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------------------ |
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Total
liabilities |
7,120 |
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Shareholders
equities |
730 |
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------------------ |
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Total
liabilities & equities |
7,850 |
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============= |
Income Statement
Unit: CNY’000
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as of Dec. 31,
2010 |
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Turnover |
20,220 |
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Cost of goods
sold |
19,670 |
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Sales expense |
130 |
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Management expense |
420 |
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Finance expense |
-20 |
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Profit before
tax |
40,420 |
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Less: profit tax |
0 |
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Profits |
20 |
Important Ratios
=============
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as of Dec. 31,
2010 |
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*Current ratio |
1.10 |
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*Quick ratio |
1.05 |
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*Liabilities
to assets |
0.91 |
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*Net profit
margin (%) |
0.10 |
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*Return on
total assets (%) |
0.25 |
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*Inventory
/Turnover ×365 |
7days |
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*Accounts receivable/Turnover
×365 |
15days |
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*Turnover/Total
assets |
2.58 |
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* Cost of
goods sold/Turnover |
0.97 |
PROFITABILITY:
AVERAGE
l
The turnover of SC appears average in its line.
l
SC’s net profit margin is average.
l
SC’s return on total assets is average.
l
SC’s cost of goods sold is high, comparing with its
turnover.
LIQUIDITY: AVERAGE
l
The current ratio of SC is maintained in a normal
level.
l
SC’s quick ratio is maintained in a normal level.
l
The inventory of SC is maintained in an average
level.
l
The accounts receivable of SC is maintained in an
average level.
l
SC has no short-term loan in 2010.
l
SC’s turnover is in an average level, comparing
with the size of its total assets.
LEVERAGE: FAIR
l
The debt ratio of SC is high.
l
The risk for SC to go bankrupt is average.
Overall financial
condition of the SC: Fairly stable.
SC is considered small-sized in its line with fairly stable financial
conditions. A credit line up to USD 5,000 would
appear to be within SC’s capacities.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.29 |
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UK Pound |
1 |
Rs.77.60 |
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Euro |
1 |
Rs.64.67 |
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.