MIRA
INFORM REPORT
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Report Date : |
19.07.2012 |
IDENTIFICATION DETAILS
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Name : |
BEIJING NORTH SUNLIGHT FOOD ADDITIVE CO., LTD. |
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Registered Office : |
No. 119 Majialou, Huangtugang, Fengtai District, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.03.2002 |
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Com. Reg. No.: |
110106003598602 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Manufacturing and selling food additives |
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No. of Employees : |
58 |
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 : |
Moderate |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
BEIJING NORTH SUNLIGHT FOOD ADDITIVE CO., LTD.
NO. 119 MAJIALOU, HUANGTUGANG,
FENGTAI DISTRICT, BEIJING 100071 PR CHINA
TEL: 86 (0) 10-63938521-8049/18701311811
FAX: 86 (0) 10-63938618
EXECUTIVE SUMMARY
Date of Registration : march 1, 2002
REGISTRATION NO. : 110106003598602
LEGAL FORM : limited liabilities company
REGISTERED CAPITAL : cny 10,000,000
staff :
58
BUSINESS CATEGORY : manufacturing &
TRADING
Revenue :
CNY 62,658,000 (AS OF DEC. 31, 2011)
EQUITIES :
CNY 9,457,000 (AS OF DEC. 31, 2011)
WEBSITE : www.bfxg-fas.com
E-MAIL :
trade@bfxg-fas.com
PAYMENT :
AVERAGE
MARKET CONDITION : average
FINANCIAL CONDITION : FAIRLY stable
OPERATIONAL TREND : fairly steady
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.37 = 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.: 110106003598602
on March 1, 2002.
SC’s Organization Code Certificate No.:
73558179-0
SC’s registered capital: cny 10,000,000
SC’s paid-in capital: cny 10,000,000
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 |
|
Zhang Zhidong |
96 |
|
Shen Suxia |
4 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative, Chairman, and
General Manager |
Zhang Zhidong |
|
Supervisor |
Shen Suxia |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Zhang Zhidong 96
Shen Suxia 4
MANAGEMENT
Zhang Zhidong , Legal Representative, Chairman, and General
Manager
----------------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
ID# 412923196805205177
Ø
Age: 44
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as legal representative, chairman,
and general manager
Shen Suxia ,
Supervisor
-----------------------------------------
Ø
Gender: F
Ø
ID# 412923196905110829
Ø
Age: 43
Ø
Qualification:
University
BUSINESS OPERATION
SC’s registered
business scope includes manufacturing and selling mixed flavors, spices, and
food raw materials; selling pre-packaged food, dairy products, food additives
and baking mold; exporting its products and technology; and importing
machinery, components, raw materials and technology.
SC is mainly
engaged in manufacturing and selling food additives.
SC’s products
mainly include:
Meat and seafood
flavor
Fruit and milk
flavor
Seasoning series
Sweeteners series
Improver series
Raw material
series
Plant extracts
SC sources its materials 100% from domestic
market. SC sells 60% of its products in domestic market, and 40% to overseas
market, mainly Southeast Asia, etc.
The buying terms of
SC include Check, T/T and Credit of 30-60 days. The payment terms of SC include
Check, T/T, L/C and Credit of 30-60 days.
Staff & Office:
--------------------------
SC is known
to have approx. 58 staff at
present.
SC owns an area as
its operating office and factory, but the detailed information is unknown.
RELATED COMPANY
SC is known to
have the following branches & factories,
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Beijing
North Sunlight Food Additive Co., Ltd. Shijiazhuang Branch
Beijing
North Sunlight Food Additive Co., Ltd. Tianjin Branch
Beijing
North Sunlight Food Additive Co., Ltd. Tangshan Road South Branch
Beijing
North Sunlight Food Additive Co., Ltd. Zhengzhou Branch
Beijing
North Sunlight Food Additive Co., Ltd. Shanghai Branch
Beijing
North Sunlight Food Additive Co., Ltd. Food Materials Factory
Beijing
North Sunlight Food Additive Co., Ltd. Fangshan Factory
Beijing
North Sunlight Food Additive Co., Ltd. Jinan Branch
Beijing
North Sunlight Food Additive Co., Ltd. Kunming Branch
Beijing
North Sunlight Food Additive Co., Ltd. Baoding Branch
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, 2011 |
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Long term investment |
0 |
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Total assets |
28,441 |
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Long term liabilities |
0 |
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Total
liabilities |
18,984 |
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Equities |
9,457 |
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Revenue |
62,658 |
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Profit before
tax |
15 |
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Less: profit tax |
4 |
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Profits |
11 |
Note: The detailed financials for Y2011 are not available in SAIC.
Important Ratios
=============
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As
of Dec. 31, 2011 |
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*Liabilities
to assets |
0.67 |
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*Net profit
margin (%) |
0.02 |
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*Return on
total assets (%) |
0.04 |
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*
Revenue/Total assets |
2.20 |
FINANCIAL COMMENTS
PROFITABILITY:
AVERAGE
l
The revenue of SC appears average in its line.
l
SC’s net profit margin is average.
l
SC’s return on total assets is average.
LIQUIDITY: AVERAGE
l
SC’s revenue is in an average level, comparing with
the size of its total assets.
LEVERAGE: AVERAGE
l
The debt ratio of SC is average.
l
The risk for SC to go bankrupt is average.
Overall financial
condition of the SC: Fairly Stable.
CONCLUSIONS
SC is considered small-sized in its line with fairly stable financial
conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
|
1 |
Rs.86.55 |
|
Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.