MIRA
INFORM REPORT
|
Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
HAILIR
PESTICIDES AND CHEMICALS GROUP CO.,
LTD. |
|
|
|
|
Registered Office : |
No. 216, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
01.12.1999 |
|
|
|
|
Com. Reg. No.: |
370214228027509 |
|
|
|
|
Legal Form : |
Shares Limited Co. |
|
|
|
|
Line of Business : |
Engaged in manufacturing and selling pesticides. |
|
|
|
|
No. of Employees : |
1,500 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 (31.12.2011) |
Current Rating (31.03.2012) |
|
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
HAILIR PESTICIDES AND CHEMICALS GROUP CO., LTD.
NO. 216, GUOCHENG ROAD, CHENGYANG
DISTRICT,
QINGDAO, SHANDONG PROVINCE
266109 PR CHINA
TEL: 86 (0) 532-85975666
FAX: 86 (0) 532-85722222
EXECUTIVE SUMMARY
INCORPORATION DATE : DEC. 1, 1999
REGISTRATION NO. :
370214228027509
REGISTERED LEGAL FORM : SHARES
LIMITED CO.
STAFF STRENGTH :
1,500
REGISTERED CAPITAL : CNY 90,000,000
BUSINESS LINE :
MANUFACTURING
TURNOVER :
N/A (AS
OF DEC. 31, 2010)
EQUITIES :
N/A (AS
OF DEC. 31, 2010)
PAYMENT :
AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY
6.30 =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 Renminbi
Note: SC’s correct name should be the heading
one.
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 Dec. 1, 1999 and has
been under present ownership since 2011.
Company Status: Shares limited co. This form of business in PR
China is defined as a legal person. Its registered capital is divided into
shares of equal par value and the co. raises capital by issuing share
certificates by promotion or by public offer. Shareholders bear limited
liability to the extent of shareholding, and the co. is liable for its
debts only to the extent of its total assets. The co has independent property
of legal person and enjoys property rights of legal person. The
characteristics of the shares limited co. are as follows: The establishment of the co.
requires at least two promoters and no more than 200, half of whom shall be
domiciled in The minimum registered capital
of a co. is CNY 5M. while that of the co. with foreign investment is CNY
5M. The total capital of a co. which propose to apply for publicly listed
must be no less than CNY 30M. The board of directors must
consist of five to nineteen directors. If the co. raises capital by
public offer, the promoters must not subscribe less than 35% of the total
shares. the promoters’ shares are restricted to transfer- within one year
of the offer. A state-owned enterprise that
is restructured into a shares limited co. must comply with the conditions
& requirements specified under the law & administrative rule.
SC’s registered business scope includes manufacturing pesticides,
chemical raw materials and fertilizer; importing and exporting commodities and
technologies. (with permit if needed)
SC is mainly engaged in manufacturing and
selling pesticides.
Mr.
Ge Yaolun is the legal representative and chairman of SC at present.
SC is
known to have approx. 1,500 employees at present.
SC is currently operating at the above stated address, and this address
houses its operating office and factory in the industrial zone of Qingdao. The detailed premise information is unknown.
http://www.hailir.cn/ The design is professional and the content is
well organized. At present the web site is in Chinese and English versions.
Email: sales@hailir.net
SC was recognized as municipal-level technology center by
Qingdao Municipal Government; the “Waier” brand was selected as “Well-known trademark”
by both the Qingdao City and Shandong Province; in Jan. 2007, SC was appraised
as first-class credit rating enterprise by Qingdao Enterprise Credit Committee.
Changes
of its registered information are as follows:
|
Date of change |
Item |
Before the
change |
After the change |
|
2011 |
Company name |
Qingdao Hailir Pesticides and Chemicals Co., Ltd. |
Present one |
|
Legal form |
Limited liabilities co. |
Present one |
MAIN SHAREHOLDERS:
Name % of Shareholding
Zhang Aiying 51.53
Tianjin Huaxia Ruite Real Estate Investment
Management Co., Ltd. 2
Shanghai Sike Ruixin Investment Management
Center (Limited partnership) 2
Qingdao Yongwan High-tech Venture Investment
Co., Ltd. 1.01
Qingdao Liangxin Investment Center (Limited
partnership) 2.76
Qingdao Heyi Investment Center (Limited
partnership) 8.44
Qingdao Haorun Business Operation Management
Co., Ltd. 2
Ge Yaolun 25.11
Ge Dapeng 5.15
l
Legal Representative and Chairman:
Mr. Ge Yaolun, born in 1961, senior economist,
with Master’s degree. He is currently responsible for the overall management of
SC.
Working Experience(s):
At present Working in SC as legal representative and
chairman.
Also working in Qingdao Heyi Investment Center (Limited
partnership) as chairman.
SC is mainly engaged in manufacturing and
selling pesticides.
SC’s products mainly include: pesticides.
SC sources
its materials 60% from domestic market and 40% from overseas market. SC sells
70% in domestic market and 30% 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.
Subsidiaries:
(according to SC’s website)
Qingdao
Audis Bio-Tech Co., Ltd.
Qingdao
KYX Chemical Co., Ltd.
Shandong
Hailir Chemical 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.
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 large-sized in its line with a development history of 13
years. Due to lack of financial status, we are unable to recommend accurate
credit limit for SC.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.93 |
|
|
1 |
Rs.85.85 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.