MIRA
INFORM REPORT
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Report Date : |
06.06.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
NANJING HEKAI CHEMICAL TECHNOLOGY CO., LTD. |
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Registered Office : |
Room 602, Building A, Hongpu Jiezuo, No. 186 Jiangdong Middle Road, Nanjing,
Jiangsu Province 210019 Pr |
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Country : |
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Date of Incorporation : |
05.06.2007 |
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Com. Reg. No.: |
320107000050506 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
selling chemical raw materials and products |
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No. of Employees : |
15 |
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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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
NANJING HEKAI CHEMICAL
TECHNOLOGY CO., LTD.
ROOM 602, BUILDING
A, HONGPU JIEZUO, NO. 186 JIANGDONG MIDDLE ROAD, NANJING, JIANGSU PROVINCE
210019 PR CHINA
TEL: 86 (0)
25-52367677/52367698 FAX: 86 (0)
25-52367689
EXECUTIVE SUMMARY
INCORPORATION DATE : JUNE 5, 2007
REGISTRATION NO. : 320107000050506
REGISTERED LEGAL
FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH : 15
REGISTERED CAPITAL :
CNY 4,000,000
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 6.33= 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
SC was registered as a limited liabilities company at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on June 5, 2007.
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 technical services in the field
of chemical products, chemical products R & D; selling chemical products (excluding
dangerous goods), bio-enzyme preparation, food additives, packaging materials,
textiles, clothing; import and export of various goods and technology
(excluding the goods and technology prohibited or limited by the country).
SC is mainly engaged
in selling chemical raw materials and products.
Mr. Ding Yisu has
been the legal representative and chairman of SC since Jun. of 2012.
SC is known
to have approx. 15 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Nanjing. SC’s management declined to
release the detailed information of the premise.
http://www.hekaichem.com/
The
design is professional and the content is well organized. At present it is in
Chinese and English versions.
Email: dingjisu@hekaichem.com
Changes
of its registered information are as follows:
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Date
of change |
Item |
Before
the change |
After
the change |
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2012-6 |
Legal representative |
Ge Xiaorong |
Present one |
MAIN SHAREHOLDERS:
Name %
of Shareholding
Ding Yisu 50
Ge Xiaorong
35
Lei Hanchen
15
Legal
representative and Chairman:
Mr. Ding Yisu, born in 1971, he is currently responsible for the overall
management of SC.
Working
Experience(s):
From Jun. of 2012 to present Working in SC as legal representative and chairman
Supervisor:
…………….
Hua Yan
SC is mainly
engaged in selling chemical raw materials and products.
SC’s products
mainly include: pesticide, pharmaceutical & veterinaries, chemical
intermediates, disinfectant, vitamins, etc.
SC sources its
products 100% from domestic market. SC sells 5% of its products in domestic
market and 95% to overseas market, mainly Occident, Latin America, Africa,
especially Southeast Asia.
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.
Note:
SC’s management declined to release its major clients and suppliers.
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 management
declined to release its banking information.
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 5
years.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.56 |
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UK Pound |
1 |
Rs.85.52 |
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Euro |
1 |
Rs.69.50 |
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.