MIRA
INFORM REPORT
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Report Date : |
21.07.2012 |
IDENTIFICATION DETAILS
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Name : |
ANRTUI TAIHE GREAT NATION ESSENTIAL OILS CO LTD. |
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Registered Office : |
No. 37, |
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Country : |
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Date of Incorporation : |
08.12.2003 |
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Com. Reg. No.: |
341206000004314 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Manufacture and sales of essence and spice. |
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No. of Employees : |
200 |
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 : |
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 (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
|
ANHUI GREAT NATLON ESSENTIAL OILS CO., LTD. |
Currency in this report is Chinese Yuan unless otherwise stated.
Exchange Rate: 1 USD=6.37
Chinese Yuan
"--"in this report indicates "unavailable" due to
insufficient information or "no comments"
ORDER
INFORMATION
|
name |
Anrtui Taihe Great Nation Essential Oils Co Ltd. |
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address |
North Niqiu Town Fuyang Taihe Anhui |
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tel. |
0086 0 5582212288 |
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fax |
0086 05582210916 |
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e-mail |
gntrade@public3.sta.net.ch |
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contact person |
Zhang Prifeng |
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other information |
Banker information: Agricultural Bank of
China Anhui Branch, hefei Anhui province China |
Note:
1. The English name
provided in the order isn’t accurate. SC’s accurate name is as listed in the
report.
2. The address provided in the order is the address of SC’s newly
established factory which mainly deals with manufacture of synthetic perfume
L-Carvone
3. The contact person Zhang Prifeng is SC’s legal representative.
4. As to the Banker
Information in the order, SC’s sales staff doesn’t know whether SC has opened
an account in Agricultural Bank of China
Anhui Branch. We contacted the staff of Agricultural Bank of China Anhui Branch (86 551 3645770), the
investigated person refused to disclose any information due to bank secrecy.
5. Due to recent
intervention of government in the AIC systems, reports of companies in some
regions could be impacted for a certain period. For companies registered in
Anhui, financial information couldn’t be obtained.
EXECUTIVE SUMMARY
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DATE OF establishment |
dec 8th, 2003 |
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Aic Registration No. |
341206000004314 |
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REGISTERED LEGAL FORM |
limited liabilities
company |
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REGISTERED CAPITAL |
20,000,000.00 |
|
main BUSINESS |
Manufacture and sales of essence and spice. |
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employees |
200 (compound) |
|
import and export permits |
yes |
|
base Credie limit |
2,000,000.00 |
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EXCHANGE RATE |
1 Usd=6.37 CNY (JULY.18TH, 2012) |
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Registered Address |
No. 37, Xinyang Avenue, Fuyang Economy & Technology Development
Zone, Fuyang City, Anhui Province. |
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Zip Code |
236072 |
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Business Address |
No. 37, Xinyang Avenue, Fuyang Economy & Technology Development
Zone, Fuyang City, Anhui Province. |
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Zip Code |
236072 |
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Telephone |
86 558 2212288 |
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Fax |
86 558 2210916 |
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SIC Code (China) |
2674 Manufacture of
essence and spice. |
REGISTRATION
|
Name (English) |
ANHUI GREAT NATLON ESSENTIAL OILS CO., LTD. |
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Date of Establishment |
Dec 8th, 2003 |
|
Registry |
Administration Bureau of Industry and Commerce
–Development Zone, Fuyang City |
|
Legal Representative |
Zhang Peifeng |
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AIC Registration Number |
341206000004314 |
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Previous Registration Number |
3421022320059 |
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Registered Legal Form |
limited liabilities
company |
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Registered Capital |
20,000,000.00 |
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Operating Duration |
From Dec 8th, 2003 to -- |
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Business Scope |
Manufacture and sales of essence and
spice; Manufacture of product packaging materials; Purchase, sales, import and export of spice, agricultural products,
etc. |
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Changes in Registration |
N/A |
Limited
liabilities co.
This form of business in PR China is defined as a legal person. Its registered
capital is contributed jointly by at least two shareholders and no more than
fifty. 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 listed as follows:
-manufacturing co. : RMB 500,000.00
-trading &wholesaling co.
: RMB 500,000.00
-retailing co. : RMB 300,000.00
-consultancy & service co.
: RMB 100,000.00
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 50% of
the registered capital while contribution by intangible assets must not exceed
20% 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.
REGISTRATION INFO: AVAILABLE
FINANCIAL REPORTS: AVAILABLE
FIELD
INVESTIGATION
1. SC’s business income comes mainly from menthol crystal and peppermint
oil. Its business is developed directly to its end customers. The industry of
essence and spice is an industry with fierce competition. There are a lot of
similar enterprises in the local place as SC’s competitor5s. However, with long
history and certain business scale, SC has accumulated certain amount of
clients and enjoys certain popularity in the local industry. SC’s
competitiveness is above average in the local industry.
2. Fuyang City, SC’s location, is one of the three transportation hubs of
Anhui Province. With convenient traffic condition and satisfactory business
condition, the goods retail value of Fuyang City is the second of Anhui
Province and the GDP is the fifth of Anhui Province. Fuyang City has great
development potential.
SHAREHOLDERS
AND SHARES
As indicated in
the following table: Unit: CNY
|
Shareholder |
Capital Subscribed |
Percentage |
|
Han Xiufang |
6,330,000.00 |
31.65% |
|
Zhang Peifeng |
13,670,000.00 |
68.35% |
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Total |
20,000,000.00 |
100% |
|
Shareholder |
Way of Investment |
Paid-up Percentage |
|
Han Xiufang |
Capital |
100% |
|
Zhang Peifeng |
Capital |
100% |
Background of major shareholder
|
Name |
Han Xiufang |
|
Gender |
female |
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Title |
Executive director |
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Date of birth |
Aug.20th, 1965 |
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Education Background |
University |
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Working experience |
10 to 15 years. |
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Name |
Zhang Peifeng |
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Gender |
Male |
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Title |
Executive director |
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Date of birth |
Feb.4 th, 1962 |
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Education Background |
University |
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Working experience |
10 to 15 years. |
AFFILIATE(S)
|
Name |
ANHUI GREAT NATLON ESSENTIAL OILS CO., LTD.– SHANGHAI BRANCH |
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Address |
RM 2102, North Building of Fude Business Center, No.1688, Sichuan
North Rd, Shanghai City. |
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Equipments |
-- |
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Main business |
Sales of essence and spice. |
MANAGEMENT
|
Name |
Zhang Peifeng |
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Gender |
Male |
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Title |
Executive director |
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Date of birth |
Feb.4 th, 1962 |
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Education Background |
University |
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Working experience |
10 to 15 years. |
NUMBER OF EMPLOYEES
Employees: 200
Management Staff: 20
Recent recruitment: Yes
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Job-hunting websites |
Job title |
Number |
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www.chenhr.com |
Organic experiment researcher. |
2 |
BANKERS INFORMATION
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Bank name |
Agricultural Bank of China – Anhui Branch |
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Account No. (CNY) |
-- |
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Tel. |
86 551 3645770 |
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Comment |
The bank staff refused to disclose any account information due to bank
secrecy. |
OFFICE FACILITIES
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Geographic Location |
No. 37, Xinyang Avenue, Fuyang Economy & Technology Development
Zone, Fuyang City, Anhui Province. |
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Area |
20000 square meters |
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Environment |
Suburb. |
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Traffic condition |
Convenient. |
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Purpose |
Office/Warehousing/Factory. |
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Property Ownership |
Rented |
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Factory Address |
North Niqiu Town, Taihe County,
Fuyang City, Anhui Province. |
WEBSITE
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Website |
www.china-menthol.com |
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e-mail |
gntrade@public3.sta.net.ch |
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Operation status |
Normal |
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Copyright |
Copyright reserved by SC. |
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Language |
Chinese and English. |
TRADEMARKS
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Total trademark |
2 |
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Registration No. |
4223230 |
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Registration date |
Aug.17th, 2004 |
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Image |
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Registration No. |
4223231 |
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Registration date |
Aug.17th, 2004 |
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Image |
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PATENTS
After checking with the Commerce and the State
Intellectual Office, no patents of SC were found.
MAIN
PRODUCTS & SERVICES
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Main business |
Manufacture and sales of essence and spice. |
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Products and services |
SC mainly deals with manufacture and sales of essence and spice. Its
products mainly include menthol crystal, peppermint oil, L-Carvone, etc which
can be used in products such as toothpaste, chewing gum, cosmetics,
pain-killers, air freshening preparation, beverage, cooling oil, essential
balm, dimethyl phthalate, pectoral, etc. |
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Picture of specific products |
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Annual production capacity |
1200 tons of menthol crystal and 600 tons of peppermint oil per year. |
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Plants and equipments |
-- |
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Awards & Honors |
“2010-2011 Famous Export Brand of Anhui Province”; “Leading Agriculture Industrialized Enterprise of Fuyang City”, etc. |
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Certificates / licenses |
ISO9001:2000 International Quality Management System Certification; HACCP Food Safety Management System Certification; HALAL Certification. |
SALES
INFORMATION
|
Domestic sales |
20% |
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Regions |
All over China |
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Major domestic clients |
WRIGLEY CONFECTIONERY (CHINA) CO., LTD., WRIGLEY
CONFECTIONERY (SHANGHAI) CO., LTD., PROCTER & GAMBLE (CHINA) LTD. etc. |
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Competitors |
ANHUI FENGLE PERFUME CO., LTD.; ANHUI
TONGHUI PERFUME CO., LTD; ANHUI CHINAHERB FLAVORS & FRAGRANCES CO.,LTD;
ANHUI PROVINCE YIFAN SPICE CO.,LTD. etc. |
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Payment terms |
Prompt payment; on credit |
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Export |
80% |
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Regions |
Europe, America, Southeast Asia, Japan,
etc. |
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Major overseas clients |
-- |
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Payment terms |
L/C, T/T |
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SC’s products are mainly exported. With several
years’ history, SC has developed stable amount of customers. |
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The above information was confirmed by
SC’s employee on July.18th, 2012. |
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PURCHASE
INFORMATION
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Main Commodities Purchased |
Peppermint oil, etc. |
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Number of Major Suppliers |
About 5 |
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Region |
Domestic: 40% Import: 60 % |
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Major suppliers |
SHANGHAI HUPU INFORMATION TECHNOLOGY CO. LTD, etc. |
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Main Terms of Payment |
Local: Prompt payment; on credit Import: L/C, T/T |
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SC’s raw materials are mostly imported from India and it has abundant
sources of goods. In addition, SC’s location Fuyang City is the one of the
major manufacture regions of China’s mint. That is favorable for SC to
purchase raw materials. |
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The above information was confirmed by SC’s employee on July.18th,
2012. |
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CREDIT
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Name of supplier |
SHANGHAI HUPU INFORMATION TECHNOLOGY CO. LTD |
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Main commodities and service supplied |
Software. |
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Interviewee |
Sales staff. |
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Telephone of Interviewee |
86 21 51028848 |
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Payment comment |
The investigated person confirmed that SC is one of their clients and
SC’s credit status is good. |
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Date of interview |
July.18th, 2012 |
LITIGATION
RECORDS
|
Total records |
1 |
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Name of person subject to enforcement |
ANHUI GREAT NATION ESSENTIALS OILS CO. LTD |
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Court |
People’s Court of Yingzhou District. |
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File date |
Feb 28th, 2008 |
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File No. |
(2008) Zhou Zhi Zi 00159 |
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Status |
Closed. |
OTHER
ADVERSE MEDIA INFORMATION
N/A
FINANCE
SC’s financial information can’t be obtained after searching through all
available channels. According to SC’s sales staff Mr. Zhang, SC’s turnover of
2011 was about 0.2 billion CNY.
Important Ratios:
|
|
2010 Industry
Financial Indices |
2011 Industry
Financial Indices |
|
Return on net assets (%) |
1.10 |
1.20 |
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Return on total assets (%) |
0.70 |
0.60 |
|
Gross profit margin (%) |
14.30 |
13.00 |
|
Turnover of total assets |
0.80 |
0.90 |
|
Turnover of current assets |
1.20 |
1.20 |
|
Turnover of account receivable |
80.00 |
72.00 |
|
Asset liability ratio (%) |
62.10 |
61.30 |
|
Current ratio |
1.55 |
1.50 |
|
Quick ratio |
0.97 |
0.94 |
Analysis of financial indicator
The industry of essence and spice SC deals
with has great development potential and low industry risks. In addition, with
many years’ history and abundant industry experience, SC has stable client resources
and low sustainable operation risks.
INDUSTRY
PROFILE
Industry
SIC Code (China): 2674 Manufacture of essence ans spice.
Status Quo &
Trend
China is the largest manufacturer of essence and spice in China. It has
raw materials cost advantages. From January to December, 2011, there was 317
large-sized enterprises in essence and spice industry; the total asset was
36.163billion CNY, increasing 19.79% year/year; the total turnover was 46.972
billion CNY, increasing 20.66% year/year; the total profit was 5.289 billion
CNY, increasing 7.77% year/year.
China’s essence and spice enterprises are mainly foreign-funded
enterprises, private enterprises and government owned enterprises at present.
Foreign-owned enterprises have great potential because of their technology and
economy strength power. Private enterprises have been developing fast thanks to
the favorable policies provided by the government and it is occupying more and
more market shares. Domestic owned enterprises are popular with consumers due
to its long history, high popularity, stable quality and low price.
Industry
Associations
|
Name of association |
Membership of subject (Yes/No) |
|
China Essence and Spice Cosmetics Industry
Association |
Not Known |
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China Food Additives and Ingredient Industry |
Not Known |
GENERAL
COMMENTS
Established in December, 2003 with the registered
capital of 20 million CNY, SC is engaged in manufacture and sales of essence and
spice. With long history, it has developed stable purchase and sales channels
and has been developing well.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
|
1 |
Rs.86.58 |
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Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
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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.