MIRA
INFORM REPORT
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Report Date : |
06.06.2012 |
IDENTIFICATION DETAILS
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Name : |
ZHENGZHOU DOUBLE VIGOUR CHEMICAL PRODUCT CO., LTD. |
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Registered Office : |
Jinguo L, Jinyin Business Villa, Yard 16, Huangjiaan Road, Jinshui District, Zhengzhou, Henan Province, 450008 Pr |
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Country : |
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Date of Incorporation : |
13.03.2007 |
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Com. Reg. No.: |
410105100089577 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling Rubber Auxiliaries |
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No. of Employees : |
100 |
RATING & COMMENTS
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MIRAs 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 and address
Zhengzhou Double Vigour Chemical Product Co., Ltd.
jinguo l, jinyin business
villa, yard 16, huangjiaan road,
jinshui district,
ZHENGZHOU, henan PROVINCE, 450008 PR CHINA
TEL: 86 (0)
371-63659198 FAX: 86 (0)
371-63659728
EXECUTIVE SUMMARY
INCORPORATION DATE : mar. 13, 2007
REGISTRATION NO. : 410105100089577
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH :
100
REGISTERED CAPITAL : CNY 2,000,000
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 Renminbi
Note: the given address was SCs former address.
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 Mar. 13, 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.
SCs registered
business scope includes selling other chemicals (excluding the hazard chemicals),
rubber ingredient and other products; import and export goods and technology.
SC is mainly
engaged in selling rubber auxiliaries.
Mr. Wang
Xiaoyong is legal representative and
chairman of SC at present.
SC is known to have approx. 100 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in Zhengzhou. The detailed information of the premise is
unspecified.
http://www.zz-chem.com
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
Email: zz_rubberchem@yahoo.com.cn
No significant events or changes were found during our checks with the
local Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Wang Xiaoyong 51
Sun Caixia 49
l
Legal representative, Chairman and General manager:
Mr. Wang Xiaoyong is currently responsible for the overall
management of SC.
Working Experience(s):
At present Working
in SC as legal representative, chairman and general manager.
SC is mainly
engaged in selling rubber Auxiliaries.
SCs products
mainly include: thiazoles, thiurams, sulfenamides, dithiocarbamates, and so on.
SC sources its materials 90% from domestic market,
and 10% from overseas market. SC sells 40% of its products in domestic market,
and 60% 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: SCs management declined to release its customer and supplier
details.
Hebi
Double Vigour Rubber Auxiliary Factory
==================================
Add:
Fine Chemical Industry Park, Hebi City, Henan Province
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.
SCs management
declined to release its bank details.
SCs financial reports
were not found during our checks with the local Administration for Industry and
Commerce.
SCs management declined to release any financial information.
SC is considered medium-sized in its line with a development history of
5 years. Credit dealings with SC should be confined into small amount at
present.
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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1 |
Rs.85.52 |
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Euro |
1 |
Rs.69.50 |
INFORMATION DETAILS
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Report Prepared
by : |
PRL |
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 SCs 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.