MIRA
INFORM REPORT
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Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
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Name : |
GUANGXI JIUYI ANIMAL FEED CO., LTD. |
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Formerly Known As : |
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Registered Office : |
no. 198 zhongxiu road, yulin, guangxi, 537000 PR aug. 18, 2009 450922200001803 Limited liabilities company 3 processing, manufacturing and selling compound feed, concentrated feed and raw materials. |
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Financials (as on) : |
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Date of Incorporation : |
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Com. Reg. No.: |
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Legal Form : |
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Line of Business : |
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No. of Employees : |
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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 : |
Small Company |
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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 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 and address
guangxi jiuyi animal feed CO., LTD.
no.
TEL: 86 (0)
13807759205 FAX: n/a
EXECUTIVE SUMMARY
INCORPORATION DATE : aug. 18, 2009
REGISTRATION NO. : 450922200001803
REGISTERED LEGAL FORM : Limited liabilities
company
STAFF STRENGTH :
3
REGISTERED CAPITAL : CNY 2,000,000
BUSINESS LINE :
n/a
TURNOVER :
n/a
EQUITIES :
n/a
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION : average
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : fairly STEADY
GENERAL REPUTATION : average
EXCHANGE RATE :
CNY 6.3131 = usd 1 AS OF
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY -
SC was registered as a limited liabilities co. at local Administration
for Industry & Commerce (AIC - The official body of issuing and renewing
business license) on Aug. 18, 2009.
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 processing, manufacturing and selling compound feed, concentrated
feed and raw materials. (该公司的法定经营范围包括：配合饲料、浓缩饲料、原料的加工、生产销售。)
According to SCs
employee, SC has ceased its former feed business, and engaged in other business
at present, but refused to release the details. (根据该公司员工透露该公司目前不从事饲料方面的业务，而是从事其他方面的业务，但拒绝透露详情。)
Mr. Lin Guozhen (林国镇) is legal
representative and chairman of SC at present.
SC is known to
have approx. 3 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in Yulin. SCs employee refused to release the
detailed information of the premise.
SC is not known to host website of its own at present.
No significant events or changes were found during our checks with local
AIC.
MAIN SHAREHOLDERS:
Name % of
Shareholding
Li Qunqing 30
李群清
Lin Guozhen 70
林国镇
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Legal representative and chairman:
Mr. Lin Guozhen (林国镇) is currently
responsible for the overall management of SC.
Working
Experience(s):
At
present
Working in SC as legal representative and chairman.
Note: The
given contact person (Lin Guofeng) is confirmed to be working in SC at present.
According to SCs
employee, SC has ceased its former feed business, and SC is engaged in other business
at present, but refused to release the details. (根据该公司员工透露该公司目前不从事饲料方面的业务，而是从事其他方面的业务，但拒绝透露详情。)
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 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 declined to
release its banking 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 small-sized in its line with 3 years operation history.
Credit dealings with SC are recommended under secured terms.
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
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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.