MIRA
INFORM REPORT
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Report Date : |
24.07.2012 |
IDENTIFICATION DETAILS
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Name : |
TAIYUAN TIANHE FOOD GROUP CORPORATION LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
02.08.1995 |
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Com. Reg. No.: |
140100103018353 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Engaged
in processing cans, pre-packaged food, bulk food, etc. |
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No. of Employees : |
875 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
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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
TAIYUAN TIANHE FOOD GROUP CORPORATION
LIMITED
no. 6
beiying north road, xiaodian district
taiyuan,
shanxi province 030031 PR CHINA
TEL: 86
(0) 351-7835817/7835350
FAX: 86
(0) 351-7835364
EXECUTIVE SUMMARY
Date of Registration : AUGUST 2, 1995
REGISTRATION NO. : 140100103018353
LEGAL FORM :
Limited liabilities company
REGISTERED CAPITAL :
CNY 105,600,000
staff : 875
BUSINESS CATEGORY :
processing & trading
Revenue : N/A (AS OF DEC. 31, 2011)
EQUITIES : N/A (AS OF DEC.
31, 2011)
WEBSITE : www.tianhome.com
E-MAIL : th1101@126.com
PAYMENT :
AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.36 = USD
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.: 140100103018353 on
August 2, 1995.
SC’s Organization Code Certificate
No.: 60205258-8
SC’s registered capital: CNY 105,600,000
SC’s paid-in capital: CNY 105,600,000
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:-
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Name of Shareholder (s) |
% of Shareholding |
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Taiyuan Municipal People’s
Government State-owned Assets Supervision and Administration Commission |
95 |
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Taiyuan State-owned Commercial
Trade Asset Operation Corp. |
5 |
SC’s Chief Executives:-
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Position |
Name |
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Legal Representative,
Chairman, and General Manager |
Liu Dongliang |
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Other General Manager |
Zhang Suoyuan |
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Guo Zhenxiang |
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Zhang Jinyue |
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Yan Jihong |
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Li Chuanyin |
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Nie Quan |
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Supervisor |
Wang Xiangbin |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Taiyuan Municipal People’s
Government
State-owned Assets Supervision
and Administration Commission
95
Taiyuan State-owned Commercial
Trade Asset Operation Corp.
5
MANAGEMENT
Liu
Dongliang, Legal Representative, Chairman, and General Manager
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Ø
Gender: M
Ø
Working experience (s):
At present, working in SC as legal
representative, chairman, and general manager
Other
General Manager
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Zhang Suoyuan
Guo Zhenxiang
Zhang Jinyue
Yan Jihong
Li Chuanyin
Nie Quan
Supervisor
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Wang Xiangbin
BUSINESS OPERATION
SC’s
registered business scope includes processing cans; livestock and poultry
breeding and slaughtering; selling pre-packaged food, bulk food, walnut, and
almond; sales of grocery; cold storage & storage; refrigeration services;
railway cargo transport agency; selling and installing refrigeration machinery;
and international trade.
SC is
mainly engaged in processing cans, pre-packaged food, bulk food, etc.
SC’s
products mainly include:
Cans
Pre-packaged food
Bulk food
Etc.
SC sources its raw materials 100% from domestic market. SC
sells 70% of its merchandises in domestic market and 30% 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:
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SC is
known to have approx. 875 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 at present,
Taiyuan Tianhe Food Group Corporation Limited Meat United
Processing 1st Branch
Taiyuan Tianhe Food Group Corporation Limited Meat United
Processing 2nd Branch
Taiyuan Tianhe Food Group Corporation Limited Meat Wholesaling
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 local SAIC.
FINANCIALS
The financials of SC are not filed in local SAIC, and SC
also refused to release the details.
CONCLUSIONS
SC is considered medium-sized in its line with a development
history of 17 years. A credit line up to USD 600,000
would appear to be within SC’s capacities.
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.