MIRA
INFORM REPORT
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Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
TIANJIN TIGER INTERNATIONAL TRADE CO. LTD |
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Registered Office : |
Room 2-4-803, Fuyu Plaza, Jiefang South Road, Hexi Dist, Tianjin City |
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Country : |
China |
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Financials (as on) : |
2010 |
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Date of Incorporation : |
23.01.2007 |
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Com. Reg. No.: |
120103000006139 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Wholesale of other chemical products |
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No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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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 : |
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
|
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
|
TIANJIN TIGER INTERNATIONAL TRADE CO. LTD |
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GTM Reference
No. |
G120605280 |
Currency
in this report is Chinese Yuan unless otherwise stated.
Exchange
Rate: 1 USD=6.37 Chinese Yuan
"--"in
this report indicates "unavailable" due to insufficient information
or "no comments"
ORDER
INFORMATION
|
name |
Tianjin Tiger International Trade Co Ltd |
|
address |
Room 803 No. 2 Fuyu Plaza, South Jiefang Road Hexi District Tianjin |
Note:
The given address is not accurate. Subject’s accurate address is as
listed in the report.
EXECUTIVE
SUMMARY
|
DATE OF
establishment |
JAN 23RD,
2007 |
|
Aic Registration
No. |
120103000006139 |
|
REGISTERED LEGAL
FORM |
limited liabilities company |
|
REGISTERED
CAPITAL |
1,000,000.00 |
|
main BUSINESS |
wholesale of
chemical products |
|
employees |
20 |
|
import and export
permits |
yes |
|
credit rating |
CR4 |
|
base Credie limit |
N/A |
|
EXCHANGE RATE |
1 Usd=6.37CNY
(Jun.8th, 2012) |
|
Registered
Address |
Room 2-4-803, Fuyu Plaza, Jiefang South
Road, Hexi Dist, Tianjin City |
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Zip Code |
300203 |
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|
|
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Business Address |
Room 2-4-803,
Fuyu Plaza, Jiefang South Road, Hexi Dist, Tianjin City |
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Zip Code |
300203 |
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Telephone |
86 22 58052165 & 13662085068 |
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Fax |
86 22 23235963 |
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SIC Code (China) |
6369 wholesale of other chemical products |
REGISTRATION
|
Name
(Chinese) |
天津市泰戈国际贸易有限公司 |
|
Name
(English) |
TIANJIN
TIGER INTERNATIONAL TRADE CO.LTD |
|
Date
of Establishment |
Jan 23rd,
2007 |
|
Registry |
Administration
Bureau for Industry and Commerce – Hexi District, Tianjin City |
|
Legal
Representative |
Li Fengqin (李凤琴) |
|
AIC
Registration Number |
120103000006139 |
|
Previous
registration No. |
1201032013609 |
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Registered
Legal Form |
limited liabilities company |
|
Registered
Capital |
1,000,000.00 |
|
Operating
Duration |
From Jan
23rd, 2007 to Jan 23rd, 2027 |
|
Business
Scope |
Import
and export of commodities and technologies; Wholesale
and retail of machineries, non-ferrous metal, minerals, stationeries,
hardware, chemicals, office facilities, computer peripherals, building
materials, rubber products, paper products etc. |
Limited
liabilities co.
This form of business in PR China is defined as a legal
person. Its registered capital is contributed jointly by at least two
shareholders and no more than fifty. 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 listed as follows:
-manufacturing
co. : RMB 500,000.00
-trading
&wholesaling co. :
RMB 500,000.00
-retailing
co. : RMB 300,000.00
-consultancy
& service co. : RMB 100,000.00
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 50% of the registered
capital while contribution by intangible assets must not exceed 20% 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.
REGISTRATION
INFO: AVAILABLE
FINANCIAL
REPORTS: AVAILABLE
FIELD
INVESTIGATION
SC’s business income
comes mainly from sales of NaOH, Na2S and other basic chemicals. The industry of chemical
products is an industry with fierce competition. There are a lot of similar
companies in the local place as subject’s competitors. Subject has accumulated
certain customer resource, but the business scale is average. Its
competitiveness in the industry is average.
As the third largest
city of China and one of the municipalities directly under the Central
Government, Tianjin is the economic center of Bohai Coastal region and the
shipping center of Northern China. As the original region of China’s modern
industry, the industry is highly developed in Tianjin City.
SHAREHOLDERS
AND SHARES
As indicated in the following
table:
|
Shareholder |
Capital
Subscribed |
Percentage |
|
Li Fengqin |
600,000.00 |
60% |
|
Qin
Shiwei |
400,000.00 |
40% |
|
Total |
1,000,000.00 |
100% |
|
Shareholder |
Way
of Investment |
Paid-up
Percentage |
|
Li Fengqin |
Capital |
100% |
|
Qin
Shiwei |
Capital |
100% |
Background of major shareholder
|
Name |
Li Fengqin |
|
Gender |
Female |
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Title |
Executive director |
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Date of birth |
Jan.31st, 1974 |
|
University |
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Working
experience |
5-10
years |
|
|
|
|
Name |
Qin Shiwei |
|
Gender |
Male |
|
Title |
-- |
|
Date of birth |
Apr.28 th,
1972 |
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Education |
University |
|
Working experience |
5-10 years |
AFFILIATE(S)
No affiliate of subject is found after checking.
MANAGEMENT
|
Name |
Li Fengqin |
|
Gender |
Female |
|
Title |
Executive director |
|
Date of birth |
Jan.31st, 1974 |
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Education |
University |
|
Working experience |
5-10 years |
NUMBER OF EMPLOYEES
Employees: 20
Management Staff: 2
Recent recruitment: Yes
|
Job-hunting websites |
Job title |
Number |
|
http://www.zhaopin.com |
Business staff;
purchasing staff; accountant; warehouse managing staff |
Unlimited |
BANKERS INFORMATION
|
Bank name |
Bank of China – Hexi
Sub-branch, Tianjin |
|
Account No. (CNY) |
-- |
|
Tel. |
86 22 28303970 |
|
Comment |
The staff of the bank
confirmed subject holds an account in the above bank, but refused to disclose
its account information. |
OFFICE FACILITIES
|
Geographic Location |
Room 2-4-803, Fuyu Plaza,
Jiefang South Road, Hexi Dist, Tianjin City |
|
Area |
500 square meters |
|
Environment |
Office premise |
|
Traffic condition |
With 15 km away from Tianjin
International airport, 50km from the harbor and 120 km from Beijing City, the
traffic condition is good. |
|
Purpose |
Office |
|
Property Ownership |
Rented |
WEBSITE
|
Website |
www.tiger-chem.com |
|
e-mail |
-- |
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Operation status |
Normal |
|
Copyright |
Subject |
|
Language |
English; Chinese |
TRADEMARKS
|
Total trademark |
2 |
|
Registration No. |
7286051 |
|
Registration date |
Mar.27th, 2009 |
|
Image |
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Registration No. |
7286115 |
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Registration date |
Mar.27th, 2009 |
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Image |
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PATENTS
After checking with the Commerce and the State Intellectual
Office, no patents of SC were found.
MAIN
PRODUCTS & SERVICES
|
Main
business |
Wholesale
of chemicals |
|
Products
and services |
Sodium
Sulphide ; Sodium Bicarbonate;
Activated Carbon etc. |
|
Picture
of specific products |
|
|
Certificates
/ licenses |
ISO
9000 |
SALES INFORMATION
|
Domestic sales |
10% |
|
Regions |
All over China |
|
Major domestic clients |
Chemical
enterprises |
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Competitors |
Tianjin Chengyuan Chemical Co., Ltd; TIANJIN JINHUI TAIYA CHEMICALS CO. LTD |
|
Payment terms |
Prompt payment; on credit |
|
Export |
90% |
|
Regions |
Europe, America, Australia, Mid-east, Africa etc. |
|
Major overseas clients |
WESTCO SPECTRA COLOR INC |
|
Payment terms |
L/C, T/T |
|
SC’s products are mostly exported. It has accumulated certain customer
resource. |
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|
The above information was confirmed by SC’s employee on June.8th,
2012. |
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PURCHASE
INFORMATION
|
Main
Commodities Purchased |
Sodium
Sulphide ; Sodium Bicarbonate |
|
Number
of Major Suppliers |
About
3 |
|
Region |
Domestic:100% |
|
Major
suppliers |
AKESAI TIGER CHEMICAL DEVELOPMENT CO. LTD; INNER MONGOLIA TIANYU HUIJING INDUSTRY CORPORATION |
|
Main
Terms of Payment |
Local: Prompt payment; on credit |
|
SC’s
products are all purchased from fixed domestic suppliers. |
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|
The
above information was confirmed by SC’s employee on June.8th,
2012. |
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CREDIT
|
Name
of supplier |
INNER MONGOLIA TIANYU
HUIJING INDUSTRY CORPORATION |
|
Main
commodities and service supplied |
Chemicals |
|
Interviewee |
Ms
Wang (sales department) |
|
Telephone
of Interviewee |
86
15011570562 |
|
Cooperation
relationship |
Not
confirmed |
LITIGATION
RECORDS
|
Total records |
1 |
|
|
|
|
Name of person subject to
enforcement |
TIANJIN
TIGER INTERNATIONAL TRADE CO.LTD |
|
Court |
People’s Court of Hexi Dist,
Tianjin |
|
File date |
Aug. 17th, 2011 |
|
File No. |
(2011) Xi Fa Zhi Zi 02443 |
|
Status |
Closed |
OTHER
ADVERSE MEDIA INFORMATION
N/A
MEDIA
INFORMATION
1.
Subject’s introduction: http://taiger5188.sm160.com/;
2.
Subject’s information in Alibaba: http://china.alibaba.com/company/detail/intro/tianjingtiger5188.html
FINANCE
Subject’s financial information is unavailable through AIC channel.
Industry Ratios:
|
|
2010 |
|
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 |
INDUSTRY
PROFILE
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 inorganic salt industry association
of chromate branch |
No |
|
China Inorganic Salt Industry Association |
No |
GENERAL
COMMENTS
Established
in Jan. 2007 with the registered capital of 1 million CNY, subject is engaged
in wholesale of chemicals. With certain history, it has stable purchase and
sales channels. With individual shareholders, its financing and risk resisting
capacity is weak. As chemical industry is a well developed industry, subject’s
industry risk is not high.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
|
1 |
Rs.85.63 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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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.