MIRA
INFORM REPORT
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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
No. 278, Batou West Road, Beilun Development Zone, Ningbo, Zhejiang Province, 315800 Pr
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Country : |
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Date of Incorporation : |
26.08.2004 |
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Com. Reg. No.: |
330200400011397 |
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Legal Form : |
Wholly Foreign-Owned Enterprise |
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Line of Business : |
manufacturing and selling plastic machinery and
its parts |
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No. of Employees : |
100 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 tianding plastic and machine Co., Ltd.
No. 278, batou west
road, beilun development zone,
ningbo, zhejiang
PROVINCE, 315800 PR CHINA
TEL: 86 (0)
574-86154355 / 13958302277 FAX: 86 (0)
574-86153960
EXECUTIVE SUMMARY
INCORPORATION DATE : aug. 26, 2004
REGISTRATION NO. : 330200400011397
REGISTERED
LEGAL FORM : WHOLLY FOREIGN-OWNED enterprise
STAFF
STRENGTH : 100
REGISTERED
CAPITAL : usd 12,000,000
BUSINESS
LINE :
MANUFACTURING
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
6.29 = 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 fax no. should be the heading one, while the given fax no. does not exist at present.
SC is also known as Ningbo Tianding Plastic Machinery Co., Ltd.
SC was registered as a wholly foreign-owned enterprise at local Administration for industry & commerce (AIC - the official body of issuing and renewing business license) on Aug. 26, 2004.
Company Status: Wholly foreign-owned enterprise This form of business in PR
China is defined as a legal person. It is a limited co. established within
the territories of PR China with capital provided totally by the foreign
investors. More than one foreign investor may jointly invest in a wholly
foreign-owned enterprise. The investing party/parties solely exercise
management, reap profit and bear risks and liabilities by themselves. This
form of companies usually have a limited duration is extendible upon
approval of Examination and Approval Authorities.
SC’s registered
business scope includes manufacturing and processing plastic machinery,
plastics, die casting, tourism stationery and general hardware.
SC is mainly
engaged in manufacturing and selling plastic machinery and its parts.
Mr.
Hu Jiping is legal representative, chairman and general manager of SC at
present.
SC is known to have approx. 100 employees at
present.
SC
is currently operating at the above stated address, and this address houses its
operating office and factory in the development zone
of Ningbo. The detailed information of the premise is unspecified.
http://www.cntianding.com/ The
design is professional and the content is well organized. At present it is in
both Chinese and English versions.
Email: webmaster@cntianding.com
No significant events or changes were found during our
checks with the local Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Hong Kong Tian Ding Heavy Industry Stock
Co., Limited 100
CR No.: 1067861
Company Status: Private
Active Status: Live
Legal
representative, Chairman and General manager:
Mr. Hu Jiping is currently responsible for the overall management
of SC.
Working Experience(s):
At present Working in SC as legal representative, chairman and general manager.
Supervisors:
Yang Yafen
SC is mainly engaged
in manufacturing and selling plastic machinery and its parts.
SC’s products
mainly include: high-speed precision machinery, frequency conversion machinery
and so on.
SC sources its materials 90%
from domestic market, and 10% from overseas market. SC sells 70% of its
products 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 Check, T/T, L/C and Credit of 30-60
days.
Note: SC’s management declined to release its customer and supplier
details.
SC
is not known to have any subsidiary at present.
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.
SC’s management
declined to release its bank details.
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
medium-sized in its line with a development history of 8 years.
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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UK Pound |
1 |
Rs.85.85 |
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Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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 |
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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.