MIRA
INFORM REPORT
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Report Date : |
07.05.2012 |
IDENTIFICATION DETAILS
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Name : |
TIANJIN TONGCHUANG WEIYE CHEMICAL CO., LTD. |
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Registered Office : |
No. 75, Chongqing Street, Changqing Science,
Industry And Trade Park, Jinnan District, Tianjin, 300380 Pr |
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Country : |
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Date of Incorporation : |
13.07.2010 |
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Com. Reg. No.: |
120112000089455 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling Chemical
Raw Materials |
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No. of Employees : |
05 |
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 – 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
TIANJIN
TONGCHUANG WEIYE CHEMICAL CO., LTD.
NO. 75, CHONGQING STREET, CHANGQING SCIENCE,
INDUSTRY AND TRADE PARK, JINNAN DISTRICT, TIANJIN, 300380 PR CHINA
TEL: 86 (0)
22-83277919 FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : JULY 13, 2010
REGISTRATION NO. : 120112000089455
REGISTERED LEGAL
FORM : Limited liabilities co.
STAFF STRENGTH : 5
REGISTERED CAPITAL :
CNY
500,000
BUSINESS LINE :
TRADING
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 6.2957=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: SC’s complete English name should be the heading one.
The given address (Room C of 24 Floor, Triumphal Arch Building, Nanjing Road, Hexi Districts of Tianjin China) was SC’s former one, and the given tel. no. (86 22 23396507) does not exist.
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 July 13, 2010.
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 wholesaling and selling chemical
raw materials (excluding hazardous products), hardware, construction materials,
textile needles; goods and technology. (with permit if needed) (the commodities
management of special regulations, accordance with relevant state regulations).
SC is mainly
engaged in selling chemical raw materials.
Mr. Wang Shuting
is legal representative, chairman and general manager of SC at present.
SC is known
to have approx. 5 employees
at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the industrial zone of Tianjin. SC’s management declined to
release detailed information of the premise.
http://www.tcwy-chem.com The design is professional and the content is
well organized. At present it is in English version.
No significant changes were found during our checks with the local
Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Wang Shuting 70
Wang Zhaoli 30
Legal
Representative, Chairman and General Manager:
Mr. Wang Shuting 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:
Wang Zhaoli
SC is mainly
engaged in selling chemical raw materials.
SC’s products
mainly include:
*Acid: benzoic acid, oxalic acid, galical
acetic acid, formic acid;
*Alkali: magnesium hydroxide, caustic soda
solid, soda ash light, soda ash dense 99.2%, caustic
soda
pearl, caustic soda flake;
*Rubber: NBR reclaimed rubber, hot melt glue
stick, rubber accelerators, zinc oxide, carbon
black
*Pigment & Dyestuff: titanium dioxide,
lithopone, iron oxide, chrome oxide green
*Organic Chemicals: citric acid, gum rosin,
sodium benzoate, poly aluminum chloride (PAC)
*Inorganic Chemical: copper sulfate, calcium
carbide, disodium hydrogen phosphate (DSP),
sodium dihydrogen phosphate
(MSP), etc.
*Other: fatty alcohol c12~c14, phthalic
anhydride, malefic anhydride (99.5%), zinc ingot, eps
expandable polystyrene, etc.
SC sources its
materials 100% from domestic market. SC sells 60% of its products in domestic
market, and 40% 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.
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.
At local AIC, the bank information of SC is not available.
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 short history. 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.53.72 |
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UK Pound |
1 |
Rs.86.98 |
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Euro |
1 |
Rs.70.65 |
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.