MIRA
INFORM REPORT
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Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
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Name : |
GONGYI LANTIAN MECHANICAL PLANT |
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Registered Office : |
Middle Of Heluo Road, East Development Zone, Gongyi City,
Zhengzhou, Henan Province, 451200 Pr |
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Country : |
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Date of Incorporation : |
05.07.2000 |
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Com. Reg. No.: |
410181600068846 |
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Legal Form : |
Individual-Owned |
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Line of Business : |
manufacturing and trading briquette machine |
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No. of Employees : |
100 |
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 : |
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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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
Gongyi Lantian Mechanical Plant
Middle of heluo
Road, EAST DEVELOPMENT ZONE, Gongyi City, zhengzhou, Henan Province, 451200 PR
CHINA
TEL: 86 (0) 371-64319558/64422988 FAX: 86 (0) 371-64319558
EXECUTIVE SUMMARY
INCORPORATION DATE : JULY 5, 2000
REGISTRATION NO. : 410181600068846
REGISTERED LEGAL
FORM : INDIVIDUAL-OWNED ENTERPRISE
STAFF STRENGTH : 100
REGISTERED CAPITAL : N/A
BUSINESS LINE :
MANUFACTURING & 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 6.37= 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
Note:
SC is also known as “Gongyi City Blue Machinery Factory”. And the given address
“Middle of Zijing Road, Gongyi City, Henan Province was its former one.
SC was registered as an individual-owned enterprise at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on July 5, 2000.
Company Status: Individual-owned enterprise This form of business in PR
China is a privately owned individual or family enterprise, which does not have
legal person or limited status. The individual-owned enterprises are
usually located in urban area and are permitted to adopt a business name
& engage in retail, service, transportation & manufacturing
business.
SC’s registered
business scope includes manufacturing of briquette machine, sesame oil machine,
brick machine; importing and exporting goods and technology (excluding those
prohibited and limited by the law and regulations).
SC is mainly
engaged in manufacturing and trading briquette machine.
Mr. Li Jianying is
the principal 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 and factory in the development zone of Gongyi. The detailed
information of the premise is unspecified.
http://www.lantianjx.com/ The
design is professional and the content is well organized. At present it is in
Chinese version.
Email: lantianjixie@qq.com
No significant events or changes were found during our
checks with the local Administration for Industry and Commerce.
Investor:
Name Investment
amount
Li Jianying CNY 60,000
Principal:
Mr. Li Jianying is currently responsible for the overall management of
SC.
Working Experience(s):
At present Working in SC as principal.
SC is mainly
engaged in manufacturing and trading briquette machine.
SC’s products mainly
include: honeycomb briquette machine, briquette Pressure the ball machine,
tablet press equipment, briquettes machine, briquetting machine equipment,
briquette machine, equipment, grinder and mixer, etc.
SC sources its materials 100% from domestic market.
SC sells 60% of its products in domestic markets, and 40% to overseas market,
mainly to European countries and Middle East countries.
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.
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 principal
declined to release its bank details.
SC was registered as an individual-owned enterprise, which is not
required to submit its annual financial reports to local Administration of
Industry & Commerce.
SC is considered small-sized in its line with
12 years operation history.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.36 |
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UK Pound |
1 |
Rs.85.64 |
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Euro |
1 |
Rs.69.21 |
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.