MIRA
INFORM REPORT
|
Report Date : |
06.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHANGSHAN HAICHENG CHEMICAL CO., LTD. |
|
|
|
|
Registered Office : |
Room 102, Block 70, Dongyuan Xiaoqu, Tianma Town Changshan
County, Zhejiang Province, 324200 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Date of Incorporation : |
20.10.2006 |
|
|
|
|
Com. Reg. No.: |
330822000006416 |
|
|
|
|
Legal Form : |
Limited Liabilities Company |
|
|
|
|
Line of Business : |
Engaged in Selling Chemical Products |
|
|
|
|
No. of Employees : |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 10,000 |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
China |
A2 |
A2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
CHANGSHAN HAICHENG CHEMICAL CO., LTD.
ROOM 102, BLOCK 70, DONGYUAN XIAOQU, TIANMA TOWN
CHANGSHAN COUNTY, ZHEJIANG PROVINCE, 324200 PR CHINA
TEL: 86 (0) 570-5015057
FAX: 86 (0) 570-5024057
EXECUTIVE SUMMARY
Date of Registration : OCTOBER 20, 2006
REGISTRATION NO. : 330822000006416
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL : CNY 1,000,000
staff : 15
BUSINESS CATEGORY : TRADING
Revenue :
N/A
EQUITIES :
N/A
WEBSITE : www.haichen-chem.com
E-MAIL :
cj@haichen-chem.com
PAYMENT :
AVERAGE
Recommended Credit Limit: UP TO USD 10,000
MARKET CONDITION : average
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : ORDINARY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.30 = USD 1
Adopted abbreviations (as follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
OPERATIONAL TREND & GENERAL
REPUTATION
This section aims at indicating the relative positions of SC in respect
of its operational trend & general reputation
Operational Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not known Not
yet be determined
Not yet be determined
LEGAL STATUS & HISTORY
SC was established
as a limited liabilities company of PRC with State Administration of Industry
& Commerce (SAIC) under registration No.: 330822000006416 on October 20,
2006.
SC’s Organization Code Certificate No.:
79438364-7
SC’s registered capital: CNY 1,000,000
SC’s paid-in capital: CNY 1,000,000
Registration Change Record:
|
Date |
Change of Contents |
Before the change |
After the change |
|
|
Shareholders (Shareholding) |
Xu Guiyang 33.3333% Chen Yan66.6667% |
Xu Guiyang 33.3333% Chen Jun66.6667% |
|
|
Registered capital |
CNY 30,000 |
CNY 1,000,000 |
|
Shareholders (Shareholding) |
Xu Guiyang 33.3333% Chen Jun66.6667% |
Chen Jun 55% Xu Guiyang 45% |
|
|
Registered number |
3308222000600 |
330822000006416 |
Current Co search indicates SC’s shareholders & chief executives are
as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Chen Jun |
55 |
|
Xu Guiyang |
45 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative, Chairman, and
General Manager |
Xu Guiyang |
|
Director |
Chen Jun |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Chen Jun 55
Xu Guiyang 45
MANAGEMENT
Xu Guiyang , Legal
Representative, Chairman and Genera Manager
---------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Age: 36
Ø
ID# 33082219760119004X
Ø
Qualification:
University
Ø
Working
experience (s):
From 2006
to present, working in SC as legal representative, chairman and general manager
Chen Jun ,
Director
----------------------------------
Ø
Gender: M
Ø
Age: 41
Ø
ID# 330822197101065410
BUSINESS OPERATION
SC’s registered business scope includes wholesaling para-nitrochlorobenzene,
ortho-nitrochlorobenzene, M-Nitro chloro benzene, ortho-aminophenol, Metha
Amino Phenon, p-aminophenol, DFBA, m-trifluoromet, p-fluoro aniline,
m-trifluoromet, m-trifluoromet, p-trifluoromet, o-chloroaniline, m-chloro
aniline, parachloroaniline, Ortho Toluidine, TOOS, sodium picramate,
morpholine, aniline and other 61 chemicals; selling chemical products, calcium
products, plastic chemical fibers, general merchandise, textiles and bearings; importing
and exporting commodities and technologies (with permits if needed).
SC is mainly
engaged in selling chemical products.
SC’s products mainly include:
3,5-Diaminobenzoic
acid
O-Aminophenol
P-Aminophenol
O-Chloroaniline
P-Chloroaniline
3,4-dichloroaniline
SC sources its
materials 80% from domestic market, and 20% from the overseas market, mainly
European countries. SC sells 20% of its products in domestic market, and 80% to
the overseas market, mainly American and European countries.
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 and Credit of 30-60 days.
Staff & Office:
--------------------------
SC is known
to have approx. 15 staff at present.
SC rents an area
as its operating office of approx. 100 sq. meters at the heading address.
RELATED COMPANY
SC
is not known to have any subsidiary at present.
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet be 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.
BANKING
Basic Bank:
Agriculture Bank of China Changshan Sub-branch
AC#:
770101040007035
FINANCIALS
The financials of SC is not available in
local SAIC, and SC also refused to release the details.
CONCLUSIONS
SC is considered small-sized in its line with a development history of 6
years. A credit line up to USD 10,000
would appear to be within SC’s capacities.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.79 |
|
|
1 |
Rs.78.79 |
|
Euro |
1 |
Rs.65.74 |
RATING EXPLANATIONS
|
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.