MIRA
INFORM REPORT
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Report Date : |
04.05.2012 |
IDENTIFICATION DETAILS
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Name : |
juancheng ouya
chemical CO., LTD. |
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Registered Office : |
Fenghuang Development Zone, Juancheng, |
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Country : |
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Date of Incorporation : |
12.02.2004 |
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Com. Reg. No.: |
371726228002896 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Manufacturing and Selling Cyanuric Acid and Dichloroisocyanurate
Sodium. |
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No. of Employees : |
500 |
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 : |
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 – 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
juancheng ouya chemical
CO., LTD.
FENGHUANG DEVELOPMENt ZONE, JUANCHENG, HEZE,
SHANDONG province, 274600 PR CHINA
TEL: 86 (0) 530-2360777 FAX: 86 (0) 530-2360577
EXECUTIVE SUMMARY
INCORPORATION DATE : feb. 12, 2004
REGISTRATION NO. : 371726228002896
REGISTERED LEGAL FORM : Limited liabilities
company
chief executive :
MR. yu luwei (CHAIRMAN)
STAFF STRENGTH :
500
REGISTERED CAPITAL : CNY 30,000,000
BUSINESS LINE :
MANUFACTURING & TRADING
TURNOVER :
n/a
EQUITIES :
n/a
PAYMENT :
AVERAGE
MARKET CONDITION : average
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : average
EXCHANGE RATE :
CNY 6.2854
= 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
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 Feb. 12, 2004.
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 & selling
cyanuric acid and dichloroisocyanurate sodium.
SC is mainly engaged in manufacturing and selling cyanuric acid and
dichloroisocyanurate sodium.
Mr. Yu Luwei is legal representative and chairman of SC at present.
SC is known to have approx. 500 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 Juancheng. SC’s employee refused to release the detailed information
of the premise.
http://www.ouyachem.com
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
Email: info@ouyachem.com
Qualifications:
SC has passed ISO 9001; SC was also awarded “Advanced Unit”
No significant changes were found during our checks with the local AIC.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Yu Luwei 51
Hou Chunhua 49
Legal
representative and chairman:
Mr. Yu Luwei 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 Juancheng Ouya Biotechnology Co., Ltd. (literal
translation) as legal representative,
and in Juancheng Ouya Chemical Co., Ltd. Qingdao Branch as principal.
Supervisor:
Hou Chunhua
SC is mainly engaged in manufacturing and selling cyanuric acid and
dichloroisocyanurate sodium.
SC’s products mainly include: Cyanuric acid, Sodium
dichloroisocyanurate, Trichloroisocyanuric acid, Sodium dichloroisocyanurate
dehydrate, Ammonium sulfate.
SC sources its materials 100% from domestic market. SC sells 10% of its
products in domestic market, and 90% to overseas market, mainly U.S.A.,
European countries, 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: SC’s management refused to release its main clients and suppliers.
Juancheng Ouya Biotechnology Co., Ltd. (literal translation)
Branch:
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Juancheng Ouya Chemical Co., Ltd. Qingdao
Branch
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 8 years operation
history. Credit up to moderate amount may be considered.
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.