MIRA
INFORM REPORT
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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Name : |
SHIJIAZHUANG WEIZHENGHENG LIGHT STEEL COLOR
PLATE CO., LTD. |
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Registered Office : |
No. 55, Tiangui Street, Shijiazhuang High-Tech Development
Zone, |
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Country : |
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Date of Incorporation : |
08.05.2007 |
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Com. Reg. No.: |
130100000129010 |
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Legal Form : |
Limited
Liabilities Company |
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Line of Business : |
manufacturing, processing and selling color steel plate |
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No. of Employees : |
100 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
SHIJIAZHUANG Weizhengheng Light steel color plate CO., LTD.
NO. 55, TIANGUI STREET, SHIJIAZHUANG
HIGH-TECH DEVELOPMENT ZONE, SHIJIAZHUANG, HEBEI PROVINCE, 050000 PR CHINA
TEL: 86 (0)
311-85386222 FAX: 86 (0) 311-85386696
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY 8, 2007
REGISTRATION NO. : 130100000129010
REGISTERED LEGAL
FORM : Limited liabilities co.
STAFF STRENGTH :
100
REGISTERED CAPITAL : CNY 4,600,000
BUSINESS LINE :
MANUFACTURING & processing
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : SMALL AMOUNT
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
Note: The given tel. no. (86 311 15230101991) is out of service now.
The correct English 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 May 8, 2007.
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.
SC’s registered business scope includes manufacturing, processing and
selling light steel color plate, colored steel shaped plate, color steel thermal
insulation composite panels, steel structure, C, Z, H-section steel, iron
products; selling steel; construction and installation of steel structures;
importing and exporting goods and technology (excluding the items prohibited by
the state); manufacturing, processing and selling iron and steel scaffolding
and accessories, aluminum products (with permit if needed)
SC is mainly
engaged in manufacturing, processing and selling color steel plate.
Mr. Meng Fansen 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 Shijiazhuang. Our
checks reveal that SC rents the total premise, but the gross area of the
premise is unspecific.
http://www.wzhqgcb.com The design
is professional and the content is well organized. At present it is in Chinese
and English versions.
E-mail: arthur@weizhengheng.com
; adam@weizhengheng.com
No significant changes were found during our checks with the local
Administration for Industry and Commerce.
SC has got the certificate of
Etc.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Liang Yuchen 50
Miao Fenghang 50
Legal
Representative, Chairman and General Manager:
Mr. Meng Fansen is currently responsible for the overall management of SC.
Working Experience(s):
At present Working in SC as legal representative, chairman and general manager.
Director:
Miao Fenghang
Supervisor:
Liang Yuchen
SC is mainly
engaged in manufacturing, processing and selling color steel plate.
SC’s products
mainly include: Color & Galvanized Corrugated; Polyphenyl sanwich panels series; Rockwool sandwich panels series; Poloyurethane PIR sandwich panels
series; Z、C profile steel series; steel connection
accessories series; Light steel structure series; Combined type floorslab
series; Stone Coated Steel Tile; PPGI; GI.
SC sources its
materials 100% from domestic market. SC sells 50% of its products in domestic
market, and 50% to overseas market.
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:
SC’s management declined to release its major suppliers and clients.
According
to SC’s website:
Heilongjiang
Weizhengheng Steel Engineering Co., Ltd.
Beijing Weizhengheng Metal Structural Engineering Co., Ltd.
Ulanhot
Office
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.
Industrial and Commercial Bank of China
AC# N/A
Relationship:
Normal.
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
5 years. 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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UK Pound |
1 |
Rs.85.85 |
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Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
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.