MIRA
INFORM REPORT
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Report Date : |
04.06.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
No. 28, |
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Country : |
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Date of Incorporation : |
19.12.2006 |
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Com. Reg. No.: |
370000018086035 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
manufacturing and selling chemical pesticide |
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No. of Employees : |
80 |
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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
Shandong Sino-Agri United Biotechnology Co., Ltd.
No. 28, sangyuan
road, licheng district,
ji’nan, shandong
PROVINCE, 250100 PR CHINA
TEL: 86 (0)
531-86401640 FAX: 86 (0)
531-86401690
EXECUTIVE SUMMARY
INCORPORATION DATE : dec. 19, 2006
REGISTRATION NO. : 370000018086035
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH : 80
REGISTERED CAPITAL : CNY 66,000,000
BUSINESS LINE : MANUFACTURING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : AVERAGE
MARKET CONDITION : average
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
CNY 6.30 = 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: SC is also known as Shandong Sino-Agri Union Biological Technology
Co., Ltd.
SC was registered as a Limited Liabilities Company at
Shandong Provincial Administration for industry & commerce (AIC - the
official body of issuing and renewing business license) on Dec. 19, 2006.
Company Status: Limited liabilities co. This
form of business in PR China is defined as a legal person. No more than
fifty shareholders contribute its registered capital jointly. 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 CNY 30,000. 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 30% 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.
SC’s registered
business scope includes technology development, transfer and consulting
services of living things, chemical pesticide, chemicals and instrument; selling
fertilizer, agricultural films and pesticide (excluding the hazard chemicals);
within the scope of the import and export business.
SC is mainly
engaged in manufacturing and selling chemical pesticide.
Mr.
Song Jun is legal representative and chairman of SC at present.
SC is known to have approx. 80 employees at
present.
SC
is currently operating at the above stated address,
and this address houses its operating office and factory in the industrial zone
of Ji’nan. The detailed information of the premise is unspecified.
http://www.sdupi.com/ The
design is professional and the content is well organized. At present the
website is in Chinese and English versions.
Email: sdlhny@126.com sdupi2010@gmail.com
No significant changes were found during our checks with the
local Administration for Industry and Commerce.
SC’s quality system meets the international standards of ISO 9001.
MAIN SHAREHOLDERS:
Name %
of Shareholding
CNAMPGC Shanghai Corporation 50.75
Xu Hui 15.9
Tianjin Saiqi Investment Partnership
(General Partnership) 1.52
Qi Laicheng 3.03
Xiao Changhai 3.03
Guan Ruiyun 1.52
Li Ning 1.52
Shandong Hi-tech Venture Capital Co., Ltd. 12.11
Jiangsu Venture Capital Co., Ltd. 7.58
Shandong Science & Technology Venture
Capital Co., Ltd. 1.52
Ji’nan Kexin Venture Capital Co., Ltd. 1.52
CNAMPGC Shanghai Corporation
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Registration no.: 310112000020937
Legal representative: Song Jun
Date of incorporation: Aug. 8, 1989
E-mail: sales@cnampsh.com
Tel: 021-64319589
Fax: 021-51010188
Tianjin Saiqi Investment Partnership (General
Partnership)
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Registration no.: 120105000065698
Legal representative: Zhang Weimin
Shandong Hi-tech Venture Capital Co., Ltd.
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Registration no.: 370000018061826
Jiangsu Venture Capital Co., Ltd.
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Tel: 025-83317017
Fax: 025-83317551
E-mail: jsvc.com.cn@163.com
Shandong Science & Technology Venture
Capital Co., Ltd.
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Registration no.: 370000000001296
Legal
representative and Chairman:
Mr. Song Jun is currently responsible for the overall management of SC.
Working Experience(s):
At present Working in SC as legal representative and chairman
Also working in CNAMPGC Shanghai Corporation as legal representative
General manager:
Mr. Xu Hui is currently responsible for the daily
management of SC.
Working
Experience(s):
At present Working in SC as general manager
SC is mainly
engaged in manufacturing and selling chemical pesticide.
SC’s products
mainly include: insecticide, fungicides, acaricide and herbicide.
SC sources its materials 90%
from domestic market, and 10% from overseas market. SC sells 70% of its
products in domestic market, and 30% 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 customer and supplier
details.
Website sources:
·
Taian
United Biochemistry Technology Co., Ltd.
Weifang
Sino-Agri United Chemical Co., Ltd.
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 records 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 management
declined to release its bank details.
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 medium-sized in its line with a development history of
6 years.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.92 |
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UK Pound |
1 |
Rs.86.03 |
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Euro |
1 |
Rs.69.13 |
INFORMATION DETAILS
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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.