MIRA
INFORM REPORT
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Report Date : |
31.07.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
GUANGZHOU PANYU DISTRICT JIFENG FROZEN MEAT
STORE |
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Formerly Known As : |
BROTHER TRADING COMPANY |
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Registered Office : |
Outlet No. E6, Area B , Food Cold Storage, Daluotang
Industrial Village, Shatou Street, Panyu District, Guangzhou, Guangdong
Province, 511400 Pr |
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Country : |
China |
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Date of Incorporation : |
13.10.2003 |
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Com. Reg. No.: |
440126305003540 |
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Legal Form : |
Individual-Owned Enterprise |
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Line of Business : |
selling frozen meat |
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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 : |
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 – 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
& address
GUANGZHOU
PANYU DISTRICT JIFENG FROZEN MEAT STORE
OUTLET No. E6, AREA
B , food COLD STORAGE, daluotang industrial village, shatou street, PANYU
DISTRICT, GUANGZHOU,
GUANGDONG PROVINCE,
511400 PR CHINA
TEL: 86 (0)
20-34514565 FAX: 86 (0) 20-34514565
EXECUTIVE SUMMARY
INCORPORATION DATE : OCT. 13, 2003
REGISTRATION NO. : 440126305003540
REGISTERED LEGAL
FORM : INDIVIDUAL-OWNED ENTERPRISE
STAFF STRENGTH : 10
REGISTERED CAPITAL : N/A
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 6.38 = 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 Ren min bi
Note: SC’s employee Mr. Wen Minghui released the given name (Brother Trading Company) was SC’s former name; and its present name and complete address should be the heading ones.
SC was registered as an individual-owned enterprise at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on Oct. 13, 2003.
Company Status: Individual-owned enterprise This form of business in PR
China is a privately owned individual or family enterprise, which does not
have legal person or limited status. The individual-owned enterprises are
usually located in urban area and are permitted to adopt a business name
& engage in retail, service, transportation & manufacturing
business.
SC’s registered
business scope includes selling frozen meat.
(with permit if needed)
SC is mainly
engaged in selling frozen meat.
Mr. Li Jianjun is principal 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 Guangzhou. The detailed information of the premise is
unspecified.
SC is not known to have any websites at present.
No significant events or changes were found during our checks
with the local Administration for Industry and Commerce.
Investor:
Name Investment
amount
Li Jianjun CNY 30,000
Principal:
Mr. Li Jianjun is currently responsible
for the overall management of SC.
Working
Experience(s):
At present Working in SC as principal.
SC is mainly
engaged in selling frozen meat.
SC’s products mainly
include: various kinds of frozen meat.
SC sources its materials 50% from overseas
market, and 50% from domestic market. SC sells 100% of its products in domestic
markets.
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 and Credit of 30-60 days.
SC
is not known to have any subsidiary at present.
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.
SC’s principal
declined to release its bank details.
SC was registered as an individual-owned enterprise, which is not
required to submit its annual financial reports to local Administration of
Industry & Commerce.
SC is considered small-sized in its line with
9 years operation history.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.44 |
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UK Pound |
1 |
Rs.87.12 |
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Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.