MIRA
INFORM REPORT
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Report Date : |
18.06.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
No. 68, Dongwu Section Of Yinxian Avenue, Yinzhou District,
Ningbo, Zhejiang Province, 315113 Pr |
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Country : |
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Date of Incorporation : |
17.06.2009 |
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Com. Reg. No.: |
330200400039964 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Engaged in
selling household appliances. |
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No. of Employees : |
10 |
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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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
Ningbo LESLI Import and Export cO.,
lTD.
NO. 68, DONGWU SECTION OF YINXIAN
AVENUE, YINZHOU DISTRICT,
NINGBO, ZHEJIANG PROVINCE, 315113
PR CHINA
TEL: 86 (0)
574-88355406/88356476 FAX: 86 (0)
574-88359143
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 17, 2009
REGISTRATION NO. :
330200400039964
REGISTERED LEGAL FORM : Limited
liabilities company
CHIEF EXECUTIVE :
MR. QIU FUZHONG (CHAIRMAN)
STAFF STRENGTH : 10
REGISTERED CAPITAL : CNY 5,000,000
BUSINESS LINE :
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 6.324 = USD
Adopted abbreviations
ANS - amount not
stated
NS - not stated
SC - subject
company (the company inquired by you)
NA - not available
CNY - China Yuan Renminbi
Note: the given address (Wuduwang Village, Qiuai Town,
Yinzhou District, Ningbo China) was SC’s former address.
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 June 17, 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. .
SC’s registered business scope includes importing and exporting goods
and technology, excluding the items limited or prohibited by the state;
wholesaling and retailing household appliances, mold, industrial equipment,
testing equipment, instrumentation, electrical accessories, electronic
components, metal products, plastic products, foam products, plastic raw
materials, and household items. (if the trade of the goods is governed by the
quota or special rule, relevant regulations shall be followed)
SC is mainly
engaged in selling household appliances.
Mr. Qiu Fuzhong is
legal representative, chairman and general manager of SC at present.
SC is known to
have approx. 10 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in Ningbo. Our checks reveal that SC rents the total premise,
but the gross area of the premise is unspecific.
http://www.lesligroup.com The website belongs to SC’s parent company -
Ningbo LESLI Group Co., Ltd., and it includes information about SC. The design
is professional and the content is well-organized. At present it is in both
Chinese and English versions.
E-mail: les@lesli.com.cn
No significant changes were found during our checks with the local
Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Ningbo LESLI Group Co., Ltd. 89.1024
Qiu Fuzhong 10.8976
Ningbo LESLI Group Co., Ltd.
======================
Founded in 1993, Ningbo LESLI Group Co.,
Ltd. has developed into an integrated modern enterprise group, which involved
in electrical appliance products, electronic products, machinery and electronic
project and other relative areas. Five subsidiary corporations, Ningbo LESLI
Industry Co., Ltd., Ningbo LES Mold Co., Ltd., Ningbo LESLI Import & Export
Co., Ltd., Ningbo LESLI Visual Tech Co., Ltd. and LESLI Canada CORP., are
successively established under Ningbo LESLI Group Co., Ltd. At the present,
LESLI Group Corporation has over 200 thousand square meters of land, factory
building 200,000 square meter, and more than 1,000 employees.
Registration no.: 330212000193117
Registered capital: CNY 30,000,000
Legal representative: Le Jianrong
Website: http://www.lesligroup.com
Tel: 86-0574-88390605
Add: No .68, Dongwu Section of Yinxian
Avenue, Yinzhou District, Ningbo, Zhejiang Province
l
Legal Representative, Chairman and General Manager:
Mr. Qiu Fuzhong is currently responsible for the overall management of
SC.
Working Experience(s):
At present Working
in SC as legal representative, chairman and general manager
l
Supervisor:
Wang Shizhong
SC is mainly
engaged in selling household appliances.
SC’s products
mainly include: washing machine.
SC sources its materials
100% from overseas market, mainly Korea and America. SC sells 20% of its
products in domestic market, and 80% to overseas market, mainly Middle East and
India.
The buying terms of SC include Check, L/C and Credit of 30-60 days. The
payment terms of SC include Check, T/T, L/C and Credit of 30-60 days.
Note:
SC’s management declined to release its major suppliers and clients.
According to the website: http://www.lesligroup.com
Ningbo LESLI Industry Co., Ltd.
Ningbo LES Mold Co., Ltd.
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.
At local AIC, the bank information of SC is not available.
SC’s financial reports
were not found during our checks with the local Administration for Industry and
Commerce.
SC’s management declined to release any financial information.
SC is considered small-sized in its line with a development history of 3
years.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.76 |
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|
1 |
Rs.86.69 |
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Euro |
1 |
Rs.70.44 |
INFORMATION DETAILS
|
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 |
-- |
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.