MIRA
INFORM REPORT
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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Name : |
BEIJING GUANGHUI TEXTILE CO., LTD. |
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Registered Office : |
No. 60 |
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Country : |
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Date of Incorporation : |
31.05.2010 |
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Com. Reg. No.: |
110117012923266 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Consigned processing cotton yarn and selling needle textile. |
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No. of Employees : |
30 |
RATING & COMMENTS
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MIRAs 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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
-- |
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 and address
BEIJING GUANGHUI
TEXTILE CO., LTD.
NO. 60 WANGGEZHUANG
VILLAGE, MACHANGYING TOWN, PINGGU DISTRICT, BEIJING 101214 PR CHINA
TEL: 86 (0)
10-60909145 FAX: 86 (0) 10-60909145
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY 31, 2010
REGISTRATION NO. : 110117012923266
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH :
30
REGISTERED CAPITAL : CNY 500,000
BUSINESS LINE :
consigned processing & 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 6.28= USD 1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY - China Yuan Ren Min Bi
SC was registered as a limited liabilities company at local
Administration for Industry & Commerce (AIC - The official body of issuing
and renewing business license) on May 31, 2010.
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.
SCs registered business scope includes consigned processing cotton
yarn; selling needle textile; import and export of goods and technology; import
and export agent.
SC is mainly engaged
in consigned processing cotton yarn and selling needle textile.
Mr. Zheng
Zengguang is the legal representative,
chairman and general manager of SC at present.
SC is known
to have approx. 30 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Beijing. SCs management declined to
release the detailed information of the premise.
http://www.gh-textile.com/
The design is professional and the content is well organized. At present it is
in Chinese and English versions.
E-Mail: guanghuishaye@yahoo.cn ; hbghfz@guanghui-textil.com.cn
No significant events were found during our checks with local AIC.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Zheng Zengguang 60
Liu Zhensen
40
l
Legal representative, Chairman and General manager:
Mr. Zheng Zengguang is currently
responsible for the overall management of SC.
Working Experience(s):
At present Working
in SC as legal representative, chairman and general manager
Supervisor:
Liu Zhensen
SC is mainly engaged
in consigned processing cotton yarn and selling needle textile.
SCs products
mainly include: water-soluble yarn, yarn, combed, semi-combed yarn, modal yarn
series, bamboo fiber yarn, long staple cotton, CVC blended, etc.
SC sources its
materials and products 100% from domestic market. SC sells 70% of its products
in domestic market and 30% to overseas market, mainly Southeast Asia.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include Check, T/T, L/C and Credit of 30-60 days.
Note:
SCs management declined to release its major clients and suppliers.
According
to SCs website:
Beijing
Senda Textile Factory
Principal: Liu Zhensen
Beijing
Guanghui Textile Co., Ltd. Baoding Sales Department
Tel:
0312-5917006
Fax:
0312-5932099
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.
SCs management
declined to release its banking information.
SCs financial reports
were not found during our checks with the local Administration for Industry and
Commerce.
SCs management
declined to release any financial information.
SC is considered small-sized in its line with a short history. Credit
dealings with SC should be confined into small amount at present.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.93 |
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1 |
Rs.85.85 |
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Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
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Report Prepared by
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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 |
This score serves as a reference to assess SCs 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.