MIRA INFORM REPORT
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Report Date : |
20.01.2012 |
IDENTIFICATION DETAILS
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Name : |
Tianjin
Golden Resources Import & Export co., ltd. |
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Registered Office : |
RM 3-227 No.91 Xianyang Road Nankai District Tianjin, China |
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Country : |
China |
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Date of Incorporation : |
19.05.2008 |
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Com. Reg. No.: |
120104000051207 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
International
trade. |
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No. of Employees : |
6 |
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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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) |
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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
Tianjin Golden Resources Import
& Export co., ltd.
REGISTERED ADDRESS - RM 3-227 NO.91 XIANYANG ROAD NANKAI DISTRICT
TIANJIN, CHINA
OPERATING ADDRESS -ROOM
2-2601 BUILDING 3 RENHENG HAIHE SQUARE, EAST ROAD,
NANKAI DISTRICT, TIANJIN, 300350 PR
CHINA
TEL: 86 (0) 22-87720351 FAX: 86 (0) 22- 87356651
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
19, 2008
REGISTRATION NO. : 120104000051207
REGISTERED LEGAL FORM : Limited liabilities
company
STAFF STRENGTH :
6
REGISTERED CAPITAL : CNY 300,000
BUSINESS LINE :
INTERNATIONAL TRADE
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : SMALL AMOUNT
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : fairLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.31 = 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 is the registered
address of SC, while SC’s operating address should be the heading one.
SC was registered as a limited liabilities company at local
Administration for Industry & Commerce (AIC - The official body of issuing
and renewing business license) on May 19, 2008.
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 importing and exporting various kinds of commodities; Metal
materials, ores, slag (tungsten, tin, antimony, except), chemical (toxic
chemicals, hazardous chemicals, except drugs easily), rubber products, plastic
products, wood products, machinery and equipment (except cars), hardware, pay
electricity, cultural office supplies, ceramic products, paper products,
textiles, department stores, clothing, shoes, arts and crafts, furniture, auto
parts, leather, computer hardware and software and peripherals, building
materials, decoration materials, instruments, communications equipment
wholesale and retail; business information; engaged in the advertising
business.
SC is mainly
engaged in international trade.
Ms. Yan Li’na has
been chairman of SC since 2008.
SC is known to
have approx. 6 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Tianjin. Detailed premise
information is not available.
SC
is not known to host web site of its own at present.
No significant events or changes were found during our checks with local
AIC.
MAIN
SHAREHOLDERS:
Name %
of Shareholding
Yan Li’na 50
Zhang Yan 50
l
Chairman and General Manager:
Ms. Yan Li’na, with university education. She is currently responsible
for the overall management of SC.
Working Experience(s):
From 2008 to present Working
in SC as chairman and general manager.
SC is mainly
engaged in international trade.
SC’s products
mainly include: woods, steel products and hardware.
SC sources its materials 100% from domestic
market. SC sells 100% of its products to overseas market, mainly USA, Europe
and Southeast Asian market.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include T/T, L/C and Credit of 30-60 days.
Note: SC’s management declined to release its main clients and
suppliers.
SC is jointly occupying the heading premise with the following company:
Tianjin
Golden Resources International Freight Forwarding Co., Ltd.
Website:
http://www.jfyz.net/
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.
SC’s management
declined to release its bank details.
SC’s financial reports were not found during our checks with local AIC.
SC’s management declined to release its financial reports.
SC is considered small-sized in its line with 4 years operating history.
Due to lack of financial status, we are unable to recommend accurate credit
limit for SC.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.28 |
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UK Pound |
1 |
Rs.77.60 |
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Euro |
1 |
Rs.64.66 |
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.