MIRA
INFORM REPORT
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Report Date : |
24.07.2012 |
IDENTIFICATION DETAILS
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Name : |
HERMES INTERNATIONAL COMMERCE
CO., LTD. |
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Registered Office : |
Room 606, Block B, Sunlink Kitchen Cabinet And Lighting City,
Lecong Town, Shunde District, Foshan, Guangdong Province, 528316 PR |
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Country : |
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Date of Incorporation : |
10.05.2010 |
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Com. Reg. No.: |
440681000217059 |
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Legal Form : |
One-Person Limited Liability
Company |
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Line of Business : |
Engaged in selling various kinds of furniture. |
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No. of Employees : |
10 |
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 : |
Slow |
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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
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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
HERMES INTERNATIONAL COMMERCE CO., LTD.
ROOM 606, BLOCK B, SUNLINK KITCHEN CABINET AND LIGHTING
CITY,
LECONG TOWN, SHUNDE DISTRICT, FOSHAN,
GUANGDONG PROVINCE, 528316 PR CHINA
TEL: 86 (0) 757-28827100/28825979 FAX:
86 (0) 757-28825900
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 10, 2010
REGISTRATION NO. :
440681000217059
REGISTERED LEGAL FORM :
ONE-PERSON LIMITED LIABILITY COMPANY
CHIEF EXECUTIVE :
MR. LIU PENGLI (CHAIRMAN)
STAFF STRENGTH :
10
REGISTERED CAPITAL : CNY 100,000
BUSINESS LINE :
TRADING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
CNY 6.378 = 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 (Unit 04, 7/F, Bright Way
Tower, 33, Mong Kok Road, KL, HK, China) belongs to SC’s related company
registered in Hong Kong, and SC is operating in the heading address.
SC was registered as a
One-person Limited Liability
Company at local
Administration for Industry & Commerce (AIC - The official body of issuing
and renewing business license) on May 10, 2010.
Company Status: One-person Limited Liability Company
Single person LLC refers to a
limited liability company set up by only one natural person or legal person
as the single shareholder of it. The minimum registered capital
of Single person LLC is CNY100,000. The shareholder’s capital contributes,
as set out by the articles of associations should be a lump-sum payment in
full. One natural person can only
invest in and set up one limited liability company, which is not permitted
to invest in and set up a new Single person LLC. As to any one-person limited
liability company, the sole-investor nature of the natural person or legal
person shall be indicated in the registration documents of the company and
shall be indicated in the business license thereof as well. The regulation of Single person
LLC should be set up by the shareholder The regulation of Single person
LLC has no shareholder meeting.
SC’s registered business scope includes domestic commerce,
materials supply industry (excluding the items prohibited or permitted by laws,
administrative regulations and the State Council); importing and exporting
goods and technology (excluding the items limited or prohibited by the state,
with permit if needed).
SC is
mainly engaged in selling various kinds of furniture.
Mr.
Liu Pengli is legal representative, chairman and general manager of SC at
present.
SC is known to have approx. 10 employees at present.
SC is currently operating at the above stated address, and
this address houses its operating office in the commercial zone of Foshan. Our
checks reveal that SC rents the total premise, but SC’s accountant refused to
release the gross area of the premise.
http://www.hermesf.com
The design is professional and the content is well organized. At present it is
in Chinese and English versions.
E-mail: adolf_hermes@126.com
; winniezhong1016@hotmail.com
No significant changes were found during our checks with the
local Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Liu Pengli 100
l
Legal representative, Chairman
and General Manager:
Mr. Liu Pengli is currently responsible for the overall
management of SC.
Working Experience(s):
At present Working
in SC as legal representative, chairman and general manager;
l
Supervisor:
Zhou Guowen
SC is
mainly engaged in selling various kinds of furniture.
SC’s products mainly include:
hotel suite set, bed set, bar stool, dining set, office sofa, office desk, etc.
SC sources its materials 80%
from domestic market, and 20% from overseas market. SC sells 20% of its
products in domestic market, and 80% to overseas market.
The buying terms of SC include Check, T/T, L/C and Credit of
30-60 days. The payment terms of SC include Check, T/T, L/C, and Credit of
30-60 days.
Note: SC’s management declined to release its major clients and
suppliers.
Hermes Int'l Commerce Co., Limited (Hong Kong)
Incorporation date: Jan. 20, 2010
Registration no.: 1413697
Legal form: Private
Registered Add: Unit 04, 7/F, Bright Way Tower, 33, Mong Kok
Road, KL, HK
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.
HSBC
Bank
AC#：N/A
Relationship:
Normal.
SC’s
financial reports were not found during our checks with the local
Administration for Industry and Commerce.
SC’s management declined to release any financial
information.
SC is considered small-sized in its line with a development
history of 2 years. Credit dealings with SC are recommended under secured
terms.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.76 |
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1 |
Rs.86.79 |
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Euro |
1 |
Rs.67.43 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
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.