|
Report Date : |
27.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
DUPONT CHEMICALS CO., LIMITED |
|
|
|
|
Registered Office : |
C/o GA Consulting Level 1, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
24.05.2011 |
|
|
|
|
Com. Reg. No.: |
339431 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Chemical raw materials distributor. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Company |
|
Payment Behaviour : |
Unknown |
|
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) |
|
New Zealand |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Verified Address
Subject name : DUPONT CHEMICALS CO., LIMITED
Business address :
C/o DUPONT CHEMICALS CO., LTD.
No. 133 Huaian Road
Qiaoxi District
Town : Shijiazhuang City
Province : Hebei Province
Zip/postal code : 050000
Country : China
Tel : +86 311 89946395
Fax : +86 311 67798997
Email : admin@dupontchina.net
Website : www.dupontchina.net
Registered address
: C/o GA Consulting
Level 1, 809 Mt Eden Road
Mt Eden, Auckland
Town : Mt Eden
Province : Auckland
Zip/postal code : 1024
Country : New Zealand
Comments : The Subject does not operate
from a physical office in New Zealand and all
correspondence is conducted through the Subject’s sister company in
China.
Executive Summary
Date founded or
registered : 24/05/2011
Legal form : Private Limited
Company
Chief executive : Zhang Yanfeng
Issued & paid
up capital : NZD 100
Line of business :
Chemical raw
materials distributor.
Staff employed : Nil (Subject)
Company Analysis
Country risk : Country risk is
minimal
Operation trend : Operational trend is in
start-up phase
Management
experience : Management is
inadequately experienced
Financial
performance : Financial
performance is undetermined
Organization
structure : Organizational
structure is flawed
Detrimental : No detrimental records found
Payment history : Unknown
Credit amount suggestion
: Fully secured terms.
Credit amount
asked : Not described.
Comments : It
is strictly advisable to conduct all business dealing on prepayment or L/C
basis due to the Subject's recent date of establishment.
Registry Data
Registration date
: 24/05/2011
Legal form : Private Limited Company
Registration no 3394311
Registered
authority : New Zealand Companies
Office
Registry status : Live/Active
Previous name : None reported.
Change of legal
form : None reported.
Key Management
Name : Zhang Yanfeng
Designation : Managing Director
Appointments
Name : Zhang Yanfeng
Designation : Director
Appointment date :
24/05/11
Address : C/o DUPONT CHEMICALS CO.,
LTD.
No. 133 Huaian Road
Qiaoxi District
Shijiazhuang City 050000
Hebei Province
China
Staff employed : Nil (Subject)
Composition
Authorized Capital
: NZD 100
No of shares : 100 Shares
Share par value : NZD 1
Issued capital : NZD 100
Paid up capital : NZD 100
How listed : Full List
Composition
Shareholder name :
Zhang Yanfeng
Address : C/o DUPONT CHEMICALS CO.,
LTD.
No. 133 Huaian Road
Qiaoxi District
Shijiazhuang City 050000
Hebei Province
China
No. of shares : 100 Ordinary Shares
% of shares : 100%
Structure
Name : DUPONT CHEMICALS CO.,
LTD.
Affiliation type :
Sister Company
Address : No. 133 Huaian Road
Qiaoxi District
Shijiazhuang City 050000
Hebei Province
China
Bank Details
Name of bank : The Hongkong and Shanghai Banking
Corporation
Address : New Zealand
Account details : Current Account
Comments : It is generally not the policy
of local banks to provide credit status information to
non related parties, however interested parties would be advised to
consult first
with the Subject if banker's references are required.
Mortgages : None reported.
Legal Fillings
Bankruptcy
fillings : None reported.
Court judgements :
None reported.
Tax liens : None reported.
Others : None reported.
Description
Comments : Due to the Subject’s recent date of
establishment, financial information is not
available. Private Companies in New Zealand are not required to file
accounts unless
classified as "Large", which at the moment means that two out
of the following
three conditions are met:
- The company has a sales turnover of over NZD 20,000,000;
- The company has total assets of over NZD 10,000,000;
- The company employs 50 people or more.
The Subject does not meet the criteria of being a large Private Company.
Main activities : The Subject is engaged as a chemical raw
materials distributor.
Purchases
Local : None reported.
International : None reported.
Sales
Local : None reported.
International : None reported.
Property & Assets
Premises : The Subject does not operate from a
physical office in New Zealand and all
correspondence is
conducted to the Subject’s sister company in China
located at the
verified heading address.
Branches : None reported.
Gross Domestic Products (GDP) & Economic
Overview
Central bank : Reserve
Bank of New Zealand
Reserve of foreign
exchange & gold : US$ 20.562
billion
Gross domestic
product - GDP : US$ 153.252
billion
GPP (Purchasing
power parity) : 120.2 billion
of International dollars
GDP per capita -
current prices : US$ 34,701
GDP - composition
by sector : agriculture:
4.7%
industry: 24%
services: 71.3%
Inflation : 2009:
2.1%
2010: 2.3%
1011: 4.1%
Unemployment rate
: 2009: 6.2%
2010: 6.5%
2011: 6.7%
Public debt
(General
Government gross debt as
a % GDP): 2009:
26.1%
2010: 31.6%
2011: 35.8%
Government bond
ratings : Standard
& Poor's: AA+/Stable/A-1+
Moody's rating: Aaa
Moody's outlook: STA
Market value of
publicly traded
shares: US$67.061
billion
Largest companies
in the country : Telecom of New
Zealand, Transpower, Fletcher Building, Infratil
Trade & Competitiveness Overview
Total exports : US$33.24 billion
Exports
commodities : dairy
products, meat, wood and wood products, fish, machinery
Total imports : US$31.11 billion
Imports
commodities : machinery and
equipment, vehicles and aircraft, petroleum, electronics,
textiles, plastics
Export - major
partners : Australia 22%, US
11.5%, Japan 9.2%, China 5.3%, UK 4.6%
Import - major
partners : Australia 20.7%,
China 13.4%, US 9.7%, Japan 9.5%, Singapore 4.9%,
Germany 4.7%
FDI Inflows : 2008: US$4,598
million
2009: US$-1,293 million
2010: US$561 million
FDI Outflows : 2008: US$462 million
2009: US$-308 million
2010: US$589 million
Best countries for
doing business : 3 out of 183 countries
Global competitiveness
ranking : 25 (ranking by country on a basis of 142, the first is the best)
Country and Population Overview
Total population :
4.37 million
Total area : 270,467 km2
Capital : Wellington
Currency : New Zealand
dollars (NZD)
Internet users as
% of total
population: 83%
Purchase Term
Local : None
International : None
Sales Term
Local : None
International : None
Trade Reference/ Payment
Behaviour
Comments : As local
and international trade references were not supplied, the Subject's
payment track
record history cannot be appropriately determined
Investigation Note
Sources : Interviews and material provided by
the Subject
: Other official and local business sources
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.30 |
|
|
1 |
Rs.81.36 |
|
Euro |
1 |
Rs.67.97 |
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.