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Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHINA BLUESTAR INTERNATIONAL CHEMICAL CO. ,LTD. |
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Registered Office : |
No.30, |
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Country : |
China |
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Date of Incorporation : |
29.09.2000 |
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Com. Reg. No.: |
110000008002757 |
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Legal Form : |
One-Member Company Limited |
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Line of Business : |
Wholesale and Sales of Chemical Products. |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2011
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
China |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
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CHINA BLUESTAR INTERNATIONAL CHEMICAL CO. ,LTD. |
Currency in this report is Chinese Yuan unless otherwise stated.
Exchange Rate: 1 USD=6.31Chinese Yuan
"--"in this report indicates "unavailable" due to
insufficient information or "no comments"
Note:
Due to recent government intervention in the
AIC system, reports of some regions will be impacted for a certain period. For
companies registered in Beijing, financial information couldn’t be obtained.
The name provided in the order isn’t accurate.
SC’s accurate name is as listed in the report.
|
DATE OF
establishment |
SEP 29th,
2000 |
|
Aic Registration
No. |
110000008002757 |
|
REGISTERED LEGAL
FORM |
one-member company limited |
|
REGISTERED
CAPITAL |
50,000,000.00 |
|
main BUSINESS |
wholesale and
sales of chemical products. |
|
tax no. |
-- |
|
TURNOVER |
-- |
|
net profit |
-- |
|
total assets |
-- |
|
net worth |
-- |
|
employees |
50 |
|
import and export
permits |
yes |
|
EXCHANGE RATE |
1 Usd=6.31CNY |
|
Registered Address |
No.30, Huayuan East Rd, Haidian Dist, Beijing City |
|
Zip Code |
100083 |
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|
|
|
Business Address |
Bluestar Building, No.19, Beisanhuan East Rd, Chaoyang Dist, Beijing
City |
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Zip Code |
100029 |
|
Telephone |
86 10 64429423/64451361 |
|
Fax |
86 10 64429670 |
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|
|
|
SIC Code (China) |
6369 wholesale of other chemical products |
|
Name (English) |
CHINA BLUESTAR INTERNATIONAL CHEMICAL CO. ,LTD. |
|
Date of Establishment |
Sep 29th, 2000 |
|
Registry |
Administration Bureau of Industry and Commerce
–Haidian District , Beijing City |
|
Legal Representative |
Li Shourong |
|
AIC Registration Number |
110000008002757 |
|
Registered Legal Form |
one-member Company
limited |
|
Registered Capital |
50,000,000.00 |
|
Operating Duration |
From Sep 29th, 2000 to Sep 28th,
2020 |
|
Business Scope |
Import and export of goods and technologies
(excluding those forbidden by government; Import and export of chemical products,
petroleum chemical products, fine chemicals; Research, development and sales of cable
materials; Sales of metal materials, building materials,
mineral products, wool, textiles, garments, home appliances, electronic
products, mechanical equipments, instruments, auto spare parts, etc; Sales of water treatment equipments, chemical
reagents, photographic chemicals, photographic paper, etc; Providing colour enlargering and picture
processing service; Providing technology and information consultancy
service. |
|
Changes in Registration |
N/A |
One-member Company
limited
This kind of company is solely invested by one natural person or one
legal entity with the minimum capital of RMB100,000. The registered capital
should be wholly paid up when registering.
The shareholder of this company mustn’t invest other one-member company
limited.
The shareholder bears limited liability to the company’s risk according
to the amount invested. However, when debt liability happens, if the
shareholder cannot prove that his/her personal property is independent from the
company’s property, he/she should undertake joint libility of the company’s
debts.
SC’s business income comes mainly from chemical products. Its sales
business is developed both directly and indirectly to its end customers. The
industry of chemical product wholesale and sales is an industry with fierce
competition. There are a lot of similar enterprises in the local place as SC’s
competitors. However, with long history and large business scale, SC enjoys
certain popularity in the local industry and has accumulated certain amount of
customers. Generally speaking, SC’s competitiveness is above average in the
local industry.
As the capital city of China and the national political and economic
center, Beijing City host very convenient traffic condition. The headquarters
of many large-sized and multi-national enterprises are established in Beijing
due to its leading political and economic position. Fast growing economy
environment provides supports to subject's business development.
As indicated in
the following table:
|
Shareholder |
Capital Subscribed |
Percentage |
|
BLUE STAR NEW CHEMICAL MATERIALS CO. LTD |
50,000,000.00 |
100% |
|
Shareholder |
Way of Investment |
Paid-up Percentage |
|
BLUE STAR NEW CHEMICAL MATERIALS CO. LTD |
Capital |
100% |
Background of major shareholder
|
Name |
BLUE STAR NEW CHEMICAL MATERIALS CO., LTD. |
|
Address |
No.19, Beisanhuan East Rd, Chaoyang Dist, Beijing City. |
|
Main business |
Manufacture and sales of organosilicon, bisphenol A, special epoxy
resin, etc. |
No affiliates of subject company is found after checking.
|
Name |
Li Shourong |
|
Gender |
Male |
|
Title |
Executive director |
|
Date of birth |
- |
|
Education |
University. |
|
Working experience |
10 to 15 years. |
Employees: 50
Management Staff: 10
Recent recruitment: NO
N/A
|
Geographic Location |
Bluestar Building, No.19, Beisanhuan East Rd, Chaoyang Dist, Beijing
City |
|
Area |
1000 square meters |
|
Environment |
Business district. |
|
Traffic condition |
Convenient (With Beijing-Tianjin-Tanggu Expressway, Capital Airport
Expressway, Jingtong Expressway, Jingshi Expressway, Jingzhang Expressway,
Jingmi Road, Jingshan Road, etc through the city). |
|
Purpose |
Office. |
|
Property Ownership |
Rented |
|
Other address |
-- |
|
Website |
www.china-bluestar.com |
|
e-mail |
13718099918@163.com |
|
Operation status |
Normal |
|
Copyright |
Copyright reserved by China National BlueStar (Group) Co. Ltd. |
|
Language |
Chinese and English. |
After checking with the Trademark Office of Chinese Administration
Bureau of Industry and Commerce and the State Intellectual Office, no
trademarks or patents of SC were found.
N/A
|
Main business |
Wholesale and sales of chemical products. |
|
Products and services |
SC mainly deals with wholesale and sales of chemical products. Its
business is also involved in sectors of chemicals, metal, machinery,
minerals, electronics, light textiles, medical treatment, rubber,
agriculture, food, etc. Its main products include neoprene, epoxy glue,
organosilicon, bisphenol A, epoxypropane, silicone oil, silicon resin,
silicohydride, MDI, toluene diisocyanate, titanium white, urotropin, fumed
silica, chromic acid, acrylate, polyatomic, fume silica, butadiene, silicon
iron, titanium ore, chrome ore, ion exchange membrane, titanium plate, nickel
plate, cotton, shoes, garments, etc. |
|
Picture of specific products |
-- |
|
Annual production capacity |
-- |
|
Plants and equipments |
-- |
|
Awards & Honors |
A Grade Enterprise honored by Beijing Customs. |
|
Certificates / licenses |
ISO 9001 International Quality Certificate, etc. |
|
Domestic sales |
50% |
|
Regions |
All over China |
|
Major domestic clients |
China National BlueStar (Group) Co. Ltd.; State Administration For
Quality Supervision and Inspection and Quarantine; Shenzhen Graduate School
of Tsinghua University, etc. |
|
Competitors |
QINGDAO XINYUTIAN CHEMICAL CO. LTD; SHIN-ETSU SILICONE INTERNATIONAL
TRADING (SHANGHAI) CO. LTD, etc. |
|
Payment terms |
Prompt payment; on credit |
|
Export |
50% |
|
Regions |
Europe, America, Australia, Mid-east, Africa etc. |
|
Major overseas clients |
-- |
|
Payment terms |
L/C, T/T |
|
SC’s products are sold to a lot of regions. Its clients are from
industries of chemicals, home appliances, metal, electronics, machinery, etc.
With long history and large business scale, SC has accumulated abundant
customer resources. |
|
|
The above information was confirmed by SC’s employee |
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|
Main Commodities Purchased |
Chloroprene rubber, epoxy resin, organosilicon, bisphenol A. |
|
Number of Major Suppliers |
About 5 |
|
Region |
Domestic:50 % Import:50 % |
|
Major suppliers |
SHENYANG CHEMICAL INDUSTRIES (GROUP) CO.
LTD; SHANDONG BLUESTAR DONGDA CHEMICAL CO. LTD; JIXIANGRUYI INTERNATIONAL
OCEAN SHIPPING CO. LTD; HEBEI JINGHUA CHEMICALS CO. LTD; ZIBO DEXIN LIANBANG
CHEMICAL INDUSTRY CO. LTD, etc. |
|
Main Terms of Payment |
Local: Prompt payment; on credit Import: L/C, T/T |
|
SC’s products are purchased both domestically and internationally. It
has many suppliers which are mainly large and medium sized domestic and
international enterprises. It has abundant sources of goods. |
|
|
The above information was confirmed by SC’s employee |
|
|
Name of supplier |
SHENYANG CHEMICAL INDUSTRIES (GROUP) CO. LTD |
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Main commodities and service supplied |
Acticel. |
|
Interviewee |
Mr. Li of Sales Department. |
|
Telephone of Interviewee |
86 24 25553756 |
|
Payment comment |
The investigated person confirmed that SC is one of their clients and
SC’s credit status is good. |
|
Date of interview |
June.8th, 2012 |
|
|
|
|
Name of supplier |
SHANDONG BLUESTAR DONGDA CHEMICAL CO. LTD |
|
Main commodities and service supplied |
Polyether polyol. |
|
Interviewee |
Sales staff. |
|
Telephone of Interviewee |
86 533 2066777 |
|
Payment comment |
The investigated person confirmed that SC is one of their clients and
SC’s credit status is good. |
After
checking with China Court organization, the local court website and other major
searching websites, no litigation record related to SC in the latest three
years is found.
|
Date |
Source
|
Content
|
|
Mar
13th, 2009 |
http://www.110.com/panli/panli_133052.html |
Contract
dispute between TIANJIN YONGDA COATING MATERIALS CO. LTD and SC. |
SC’s financial information can’t be obtained after searching through all
available channels. According to SC’s staff, its turnover of 2011 was about 0.6
billion CNY.
Important Ratios:
|
|
2010 Industry Financial Indices (1748*) |
|
Return on net assets (%) |
16.86 |
|
Return on total assets (%) |
3.65 |
|
Net profit margin (%) |
1.54 |
|
Turnover of total assets |
2.44 |
|
Turnover of current assets |
2.84 |
|
Turnover days of account receivable |
29.54 |
|
Inventory turnover days |
28.62 |
|
Asset liability ratio (%) |
77.06 |
|
Current ratio |
1.11 |
|
Quick ratio |
0.87 |
Analysis of financial indicator
According to the latest report of Deutsche Bank, the chemical industry
of USA will keep increasing in 2012. It is predicated to increase 4.5% compared
with 2011. That will attack emerging markets such as Asia, South America, etc
to some degree. In addition, 50% of SC’s clients are from China. The terminal
market demands of China’s chemical products will keep increasing which decrease
SC’s operation risks to some degree.
Industry
SIC Code (China): 6369 wholesale of other chemical products
Description: wholesale, import and export of inorganic chemical raw
materials (acid, soda, chlorate and compounds); organic chemical raw materials
(hydrocarbon, ether, Alde Hyde, amine, alcohol etc.); painting materials and
related products
Status Quo &
Trend
Other chemical products industry is a sub-industry of mineral, building
materials and chemical products industry. In 2011, China’s other chemical
products industry was on the path of recovery. The total turnover and total
profit of 2011 increased a lot from 2010 and the profit margin kept being
steady. Generally speaking, the profitability of other chemical products
industry was normal in 2011.
As the production capacity of enterprises in chemical industry and the
demand for chemical raw materials are increasing, other chemical products
industry will be developed fast. The prospect of other chemical products
industry is bright in 2012.
Industry
Associations
|
Name of association |
Membership of subject (Yes/No) |
|
China Fluorosiloxane Industry Association |
Not Known |
|
China
Engineering Plastics Association |
Not Known |
|
China Industrial Cleaning Association |
Not Known |
|
China Membrane Industry Association |
Not Known |
Established in September, 2000 with the registered capital of
50,000,000.00 CNY, SC is engaged in
wholesale and sales of chemical products. With long history and large business
scale, it enjoys high popularity in the local industry.
With long history, SC has established stable trade cooperation
relationship with companies from over 30 overseas countries. SC mainly deals
with wholesale and sales of chemical products. Its business is also involved in
sectors of chemicals, metal, machinery, minerals, electronics, light textiles,
medical treatment, rubber, agriculture, food, etc. It has developed complete
and stable sales service network. In addition, SC also purchase strategic
materials for the 29 affiliated enterprises of CHINA NATIONAL BLUESTAR (GROUP)
CO. LTD and has developed perfect purchase strategy, information management
system and completed supplier management
system. It has established long-term stable cooperation relationship with many
suppliers.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
|
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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.