MIRA
INFORM REPORT
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Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
No. 7, Yanan Road, Baohe Industrial Zone, Baohe District,
Hefei, Anhui Province, 230051 Pr |
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Country : |
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Date of Incorporation : |
07.12.2011 |
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Com. Reg. No.: |
340100000594945 |
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Legal Form : |
Shares Limited Company |
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Line of Business : |
Selling Spices |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRAs Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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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
ANHUI EVER DEVELOPING PERFUME AND CHEMICAL
CO., LTD.
NO. 7, YANAN ROAD,
BAOHE INDUSTRIAL ZONE,
BAOHE DISTRICT, HEFEI,
ANHUI PROVINCE, 230051 PR CHINA
TEL: 86 (0)
551-3359180/3710182 FAX: 86 (0)
551-3359191
EXECUTIVE SUMMARY
INCORPORATION DATE : DEC. 7, 2011
REGISTRATION NO. : 340100000594945
REGISTERED LEGAL FORM : SHARES LIMITED CO.
STAFF STRENGTH :
7
REGISTERED CAPITAL : CNY 10,000,000
BUSINESS LINE :
TRADING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : C.O.D.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
CNY 6.31 = USD 1 AS OF
CREDIT RATING : CA4- (see below
explanatory notes)
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RATING KEY |
CREDIT RISK ASSESSMENT |
PROPOSED CREDIT LIMIT (in concerned business field) |
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CA1 |
Minimal |
Credit can proceed with favorable terms |
Large amount |
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CA2 |
Low |
Credit can proceed promptly |
Fairly large amount |
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CA3 |
Average |
Credit can proceed normally |
Moderate amount |
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CA4 |
Above average |
Credit should proceed with monitor |
Small amount periodical review |
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CA5 |
Fairly High |
Credit should be extended under guarantee |
C.O.D. To small amount |
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CA6 |
High |
Credit is not recommended |
C.O.D. |
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NR |
Assessment not conducted |
Insufficient data available |
No recommendation |
This rating 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 %) in our credit
analysis are as follows:
Financial
condition (40%) Ownership
background (10%) Payment
record (10%)
Credit history
(15%) Market
trend (10%) Operational
size (15%)
In case of unlimited companies, newly established companies, or lack of
financial data, more weight is given to Ownership background and Payment
record in our analysis.
Adopted
abbreviations:
ANS - amount not
stated NS - not stated SC - subject company (the company
inquired by you)
NA - not available CNY - China Yuan Renminbi
SC was registered
as a shares limited co. at local Administration for Industry & Commerce
(AIC - The official body of issuing and renewing business license) on Dec. 7,
2011.
Company Status: Shares limited co. This form of business in PR China
is defined as a legal person. Its registered capital is divided into shares
of equal par value and the co. raises capital by issuing share certificates
by promotion or by public offer. Shareholders bear limited liability to the
extent of shareholding, and the co. is liable for its debts only to the
extent of its total assets. The co has independent property of legal person
and enjoys property rights of legal person. The characteristics of
the shares limited co. are as follows: The establishment of the co.
requires at least two promoters and no more than 200, half of whom shall be domiciled
in The minimum registered capital
of a co. is CNY The board of directors must
consist of five to nineteen directors. If the co.
raises capital by public offer, the promoters must not subscribe less than
35% of the total shares. the promoters shares are restricted to transfer-
within one year of the offer. A state-owned enterprise that is restructured into a
shares limited co. must comply with the conditions & requirements
specified under the law & administrative rule.
SCs registered
business scope includes spices, chemical products (excluding hazardous goods)
(excluding pre-approval products); importing and exporting goods and technology
(excluding the items limited and prohibited by the state). (该公司的法定经营范围包括：香料、化工产品（除危险品）销售（以上除前置审批产品）；自营和代理各类商品及技术的进出口业务（国家法律法规限制和禁止的商品及技术除外）。)
SC is mainly
engaged in selling spices. (该公司目前主要从事香料的销售。)
Ms. Liu Lihua (刘丽华) has been legal
representative and chairman of SC since December, 2011.
SC is known
to have approx. 7 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the industrial zone of Hefei. Our checks reveal that SC rents
the total premise, but the gross area of the premise is unspecific.
SC is not known to host website of its own at present.
SC was taken into operation in February, 2012.
According to SCs accountant, SCs legal representative will be changed
to Wen Han (文汉) after a few
days.
MAIN SHAREHOLDERS:
Name % of Shareholding
Anhui Hewei Agricultural Science and
Technology Development Co., Ltd. (in Chinese Pinyin)
安徽和味农业科技发展股份有限公司 51
He Guanglin
何光林 24.6
Zhang Tong
张彤 16.7
Zhang Conghe
张从合 5.7
Li Shaoxiang
李绍祥 2
l
Legal Representative and Chairman:
Ms. Liu Lihua (刘丽华), about 58 years old, with university
education. She is currently responsible for the overall management of SC.
Working
Experience(s):
From
December, 2011 to present Working in SC as legal representative and
chairman
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General Manager:
Mr. He Guanglin (何光林), born in 1964,
with university education. He is currently responsible for the daily management
of SC.
Working Experience(s):
At present Working in SC as general manager.
l
Directors:
Zhang Conghe张从合
Zhang Qin
张琴
Wen Han文汉
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Supervisors:
Xu Jun 许俊
SC is mainly
engaged in selling spices. (该公司目前主要从事香料的销售。)
SCs products
mainly include: spices.
SC was taken into operation in February, 2012.
SC sources its materials 50% from domestic market,
and 50% from overseas market, mainly India. 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.
Note: SCs management declined to release its main clients and
suppliers.
Hefei
Hewei Food Co., Ltd.
合肥禾味食品有限公司
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.
China Merchants Bank Hefei Maanshan Road Sub-branch
招商银行合肥马鞍山路支行
AC#: N/A
Relationship:
Normal
SC was taken into operation in February, 2012, so its financial
statements are not available at present.
SC is considered small-sized in its line with a short operating history.
Credit dealings with SC are recommended under secured terms.
END OF THIS REPORT
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. |
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1 |
Rs. |
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Euro |
1 |
Rs. |
INFORMATION DETAILS
|
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 |
-- |
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.