MIRA
INFORM REPORT
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Report Date : |
04.05.2012 |
IDENTIFICATION DETAILS
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Name : |
ANHUI JUXING STEEL INDUSTRY CO., LTD. |
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Registered Office : |
No. 4 Yongqiang Road, Ecology Industrial Park, Jixi County, Xuancheng
City, Anhui Province 245300 PR |
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Country : |
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Date of Incorporation : |
07.11.2007 |
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Com. Reg. No.: |
342531000004781 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Manufacturing and Selling Various Kinds of Steel Pipe. |
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No. of Employees : |
100 |
RATING & COMMENTS
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MIRA’s 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 : |
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
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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
ANHUI JUXING STEEL INDUSTRY CO., LTD.
NO. 4 YONGQIANG ROAD, ECOLOGY INDUSTRIAL PARK,
JIXI COUNTY, XUANCHENG CITY, ANHUI PROVINCE 245300 PR CHINA
TEL: 86 (0) 563-8156718 FAX: 86 (0) 563-8156778
EXECUTIVE SUMMARY
INCORPORATION DATE : nov. 7, 2007
REGISTRATION NO. : 342531000004781
REGISTERED LEGAL FORM : LIMITED LIABILITIES
COMPANY
CHIEF EXECUTIVE :
Mr. li zhenqiao (CHAIRMAN)
STAFF STRENGTH :
100
REGISTERED CAPITAL : CNY 8,080,000
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 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 Nov. 7, 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 stainless steel pipes, stainless steel welded pipes, stainless steel
wire, stainless steel machinery and equipment, valves, flanges, pipe fittings,
round steel, tube billet, steel ingots and steel plate (with permit if needed);
import and export of goods and technology (excluding the goods and technology
prohibited or limited by the country).
SC is mainly engaged in manufacturing and selling various kinds of steel
pipe.
Mr. Li Zhenqiao is the 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 Ecology Industrial Park of Jixi
County. SC’s management declined to release the detailed information of the
premise.
http://www.juxinggy.com/ The design is professional and the content is
well organized. At present it is in Chinese and English versions.
SC has obtained ISO9001:2000 certificate.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Li Zengjie 26.67
Ni Shiyi
23.33
Li Zhenqiao 50.00
Legal
representative, Chairman and General manager:
Mr. Li Zhenqiao 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:
…………..
Li Zengjie
SC is mainly engaged in manufacturing and selling various kinds of steel
pipe.
SC’s products mainly include: stainless steel seamless pipe, welded
pipe, stainless steel products, round steel, steel ingot, etc.
SC sources its materials and products 95% from domestic market and 5%
from overseas market. SC sells 20% of its products to the overseas market, and
80% in domestic 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 major clients and suppliers.
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 banking information.
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.53.23 |
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1 |
Rs.86.14 |
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Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
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Report Prepared
by : |
SDA |
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.