MIRA
INFORM REPORT
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Report Date : |
14.06.2012 |
IDENTIFICATION DETAILS
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Name : |
MARKOR CHAIN STORES DBA MHF CO., LTD. |
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Registered Office : |
No. 508, |
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Country : |
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Date of Incorporation : |
07.01.2002 |
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Com. Reg. No.: |
650000039001545 |
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Legal Form : |
One-Person Limited Liability Company |
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Line of Business : |
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No. of Employees : |
120 |
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 : |
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
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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 & address
MARKOR CHAIN STORES D/B/A MHF CO., LTD.
NO. 508,
autonomous REGION
830011 PR
TEL: 86 (0) 991-3628000 FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : JAN. 7, 2002
REGISTRATION NO. : 650000039001545
REGISTERED LEGAL FORM : ONE-PERSON
LIMITED LIABILITY COMPANY
STAFF STRENGTH : 120
REGISTERED CAPITAL :
CNY 375,000,000
BUSINESS LINE : trading
TURNOVER : N/A (AS OF DEC. 31,
2010)
EQUITIES : N/A (AS OF DEC. 31,
2010)
PAYMENT : AVERAGE
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : 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 -
Note: The given address belongs to SC’s branch
stores in
SC was registered as a One-person Limited Liability Company at local
Administration for Industry & Commerce (AIC - The official body of issuing and
renewing business license) on Jan. 7, 2002.
Company Status: One-person Limited Liability
Company Single person LLC refers to a
limited liability company set up by only one natural person or legal person
as the single shareholder of it. The minimum registered capital
of Single person LLC is CNY100,000. The shareholder’s capital contributes,
as set out by the articles of associations should be a lump-sum payment in
full. One natural person can only
invest in and set up one limited liability company, which is not permitted
to invest in and set up a new Single person LLC. As to any one-person limited
liability company, the sole-investor nature of the natural person or legal
person shall be indicated in the registration documents of the company and
shall be indicated in the business license thereof as well. The regulation of Single person
LLC should be set up by the shareholder The regulation of Single person
LLC has no shareholder meeting.
SC’s registered business scope includes chain sale of
furniture; developing, designing, manufacturing furniture; selling building
decoration materials, textiles, lamps, kitchen utensils, daily provisions,
office supplies, adorn article, clothing, shoes and hats, hardware, crafts;
goods storage; house leasing; importing and exporting commodities and
technologies, excluding commodities and technologies prohibited by the state.
SC is mainly engaged in chain sale of furniture.
Mr.
Kou Weiping is the legal representative and chairman of SC at present.
SC is
known to have approx. 120 employees at present.
SC is currently operating at the above stated address, and this address
houses its operating office in
http://www.markorhome.com/ The design is professional and the content is
well organized. At present the web site is in Chinese version.
Email: MHF-CS@markorhome.com
No significant events or changes were found during our
checks with the local Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Markor International Furniture
Co., Ltd. 100
Incorporation date :
Aug. 16, 1995
Registration no. :
650000410001826
Registered legal form :
Shares limited co.
Chief executive :
Mr. Kou Weiping (chairman)
Registered capital :
CNY 632,680,419
The said company is listed in Shanghai Stock
Exchange Market with the code of 600337.
Add:
TEL: 86 (0) 991-3836028
FAX: 86 (0) 991-3838191
Web: http://www.markorfurniture.com
E-Mail: mkzq1@markor.com.cn
Legal
representative and Chairman:
Mr. Kou Weiping, born in 1959, with Master’s degree, senior
economist. He is currently responsible for the overall management of SC.
Working
Experience(s):
At present Working in SC as chairman and legal representative.
Also working in Markor International Furniture Co., Ltd., Markor Home Furnishings (Beijing) Co., Ltd., Markor International Furniture (Tianjin) Co., Ltd., Markor International Furniture (Tianjin) Mfg. Co., Ltd., Markor Logistics (Tianjin) Co., Ltd., etc. as legal representative; working in Markor Chain Stores D/B/A Mhf Co., Ltd. Tianjin Branch as principal.
Vice chairman and
General manager:
Mr. Chen Jiang, born in 1963, with Master’s degree, senior
economist. He is currently responsible for the daily management of SC.
Working Experience(s):
At present Working in SC as vice chairman and general manager.
Director:
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Feng Dongming
SC is mainly engaged in chain sale of furniture.)
SC’s products mainly include: furniture,
adorn article, etc.
SC
sources its materials 60% from domestic market and 40% from overseas market. SC
sells 90% in domestic market and 10% to overseas market.
The buying terms of SC include Check, T/T, L/C, and Credit
of 30-60 days. The payment terms of SC include T/T, L/C, Check and Credit of
30-60 days.
Note:
SC declined to release its major suppliers and clients.
Markor Home
Furnishings (Beijing) Co., Ltd.
Markor
International Furniture (Tianjin) Co., Ltd.
Xinjiang Linyuan Trade Co., Ltd.
Markor Far East
Wood Co., Ltd.
Markor
Logistics (Tianjin) Co., Ltd.
Markor
International Woodwork (Erenhot) Co.,
Ltd.
Shanghai Markorhome Furniture Co., Ltd.
Markor
International Furniture (Tianjin) Mfg. Co., Ltd.
Branches:
Markor Chain Stores D/B/A Mhf Co., Ltd. Tianjin Branch
Markor Chain Stores D/B/A Mhf Co., Ltd. Tianjin Heping Store
Etc.
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.
The banking
information of SC is unknown.
SC’s management declined to release any financial information.
Investigations were made with the local AIC, but the financial records
were not available.
SC is considered medium-sized in its line with a development history of 10
years.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.85 |
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UK Pound |
1 |
Rs.86.88 |
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Euro |
1 |
Rs.69.88 |
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.