MIRA
INFORM REPORT
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Report Date : |
21.01.2012 |
IDENTIFICATION DETAILS
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Name : |
JASH CO., LTD. |
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Registered Office : |
19# Yinxiang Nanyuan, Tiantai Shidai, No. 156 Changdao
Middle Road Laixi City, Qingdao, Shandong Province 266699 Pr |
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Country : |
China |
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Date of Incorporation : |
19.04.2011 |
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Com. Reg. No.: |
370285230015323 |
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Legal Form : |
One-Person Limited Liability Company |
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Line of Business : |
Selling Primary Agricultural Products |
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No. of Employees : |
2 |
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 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 and address
JASH CO., LTD.
19# YINXIANG NANYUAN, TIANTAI SHIDAI, NO. 156 CHANGDAO
MIDDLE ROAD
LAIXI CITY, QINGDAO, SHANDONG PROVINCE 266699 PR CHINA
TEL: 86 (0) 532-88480383
FAX: 86 (0) 532-88488245
EXECUTIVE SUMMARY
Date of Registration : april 19, 2011
REGISTRATION NO. : 370285230015323
LEGAL FORM : One-person Limited Liability Company
REGISTERED CAPITAL : cny 300,000
staff :
2
BUSINESS CATEGORY : trading
Revenue :
N/A
EQUITIES :
N/A
WEBSITE : N/A
E-MAIL :
zhanbaolei@hotmail.com
PAYMENT :
Unknown
Recommended Credit Limit: c.o.d.
MARKET CONDITION : FAIR
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : ORDINARY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.31 = USD 1 AS OF
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 one-person limited liability company of PRC with State Administration of
Industry & Commerce (SAIC) under registration No.: 370285230015323 on April 19, 2011.
SC’s registered capital: cny 300,000
SC’s paid-in capital: cny 300,000
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 |
|
Zhan Baolei |
100 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative, Chairman, and
General Manager |
Zhan Baolei |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Zhan Baolei 100
MANAGEMENT
Zhan Baolei ,
Legal Representative, Chairman and General Manager
----------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
From
April of 2011 to present, working in SC as legal representative, chairman and
general manager
BUSINESS OPERATION
SC’s registered business scope includes selling primary
agricultural products; selling machinery and equipment, office supplies,
building materials, hardware, electronic products, daily necessities,
stationery, sports goods, textiles, clothing, steel, wood, chemical products,
computer consumables, lubricants; goods import and export.
SC is mainly
engaged in selling primary agricultural products.
SC’s products
mainly include:
l
Peanuts
l
Pumpkin Seeds
l
Sunflower Seeds
l
Beans
l
Fresh Vegetables
SC sources its materials 100% from domestic
market, mainly Shandong. SC sells 100% of its products to overseas market,
mainly Japan, Middle East, Southeast Asia, Russia, etc.
The buying terms
of SC include T/T and Credit of 30-60 days. The payment terms of SC include L/C
and Credit of 30-60 days.
*Major Supplier:
============
Laixi City
Shunxiang Peanuts Product’S Co., Ltd.
Staff & Office:
--------------------------
SC is known
to have approx. 2 staff at
present.
SC rents an area
as its operating office, but the detailed information is unknown.
RELATED COMPANY
n
Laixi City Shunxiang Peanuts Products Co., Ltd.
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Date of Registration: September 13, 1999
Registration No.: 370285228002426
Legal Form: Limited Liability
Company
Registered Capital: CNY 3,000,000
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:
Bank
of China
AC#:
69951108091001
***Note: SC’s
management declined to release whether it has account in China Merchants Bank.
FINANCIALS
Established as a new company in 2011, SC’s financials are not filed in
local SAIC at present.
CONCLUSIONS
SC is considered small-sized in its line with a short history. A credit
line at the above amount appears beyond SC’s capacities, great caution is required
in providing credit to SC and C.O.D. is recommended.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.33 |
|
|
1 |
Rs.77.97 |
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Euro |
1 |
Rs.65.31 |
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.