MIRA
INFORM REPORT
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Report Date : |
10.05.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
XI’AN SINO-DRAGON IMPORT AND EXPORT CO., LTD.
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Registered Office : |
Rm. 1202, Bldg. C, Software Mansion, West Electronic
Community, No. 18, Dianzi 1st Road, Yanta District, Xi’an, Shaanxi
Province, 710065 Pr |
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Country : |
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Date of Incorporation : |
15.02.2001 |
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Com. Reg. No.: |
610131100029069 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling
Glassware |
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No. of Employees : |
15 |
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 : |
Unknown |
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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
xi’an sino-dragon import and export Co., Ltd.
rm. 1202, bldg. c,
software mansion, west electronic community,
no. 18, dianzi 1st
road, yanta district,
xi’an, shaanxi
PROVINCE, 710065 PR CHINA
TEL: 86 (0)
29-88278361 FAX: 86 (0) 29-88279119
EXECUTIVE SUMMARY
INCORPORATION DATE : feb. 15, 2001
REGISTRATION NO. :
610131100029069
REGISTERED
LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF
STRENGTH : 15
REGISTERED
CAPITAL : CNY 10,000,000
BUSINESS LINE : 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 6.29 = 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 company name should be the heading one.
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 Feb. 15, 2001.
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 import and export goods and technology (excluding the goods
forbidden by the government); processing with imported materials, processing
with imported samples, assembling with imported parts, and compensation trade
in agreement.
SC is mainly
engaged in selling glassware.
Mr.
Kong Deguang is legal representative, chairman and general manager of SC at
present.
SC is
known to have approx. 15 employees at present.
SC is currently operating at the above stated address, and this
address houses its operating office in the commercial zone of Xi’an. The
detailed information of the premise is unspecified.
http://www.xasinodragon.com/
The design
is professional and the content is well organized. At present it is only in
English version.
E-mail: kong@xasinodragon.com
; song@xasinodragon.com
No significant events or changes were found during our
checks with the local Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name % of Shareholding
Mao Zhenjiang 9.83
Kong Deguang 75.17
Zhao Yi 6.67
Yuhuan Feiyue Valve Manufacturing Co., Ltd. 8.33
Yuhuan Feiyue Valve Manufacturing Co., Ltd.
==================================
Registration no.: 331021000002638
Legal representative: Sun Guoping
Date of incorporation: Jan. 20, 2000
Legal
representative, Chairman and General manager:
Kong Deguang is currently responsible for the overall management of SC.
Working
Experience(s):
At present Working in SC as legal representative, chairman and general manager.
Directors:
Li Kaifei
Lei Xiaofei
Supervisor:
Sun Guoping
SC is mainly
engaged in selling glassware.
SC’s products mainly
include: candy pot, glass candle holder, glass vase, wine glass, etc.
SC sources its materials 90%
from domestic market, and 10% from overseas market. SC sells 10% of its
products in domestic market, and 90% 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 small-sized in its line with a development history of 11 years. Credit dealings with SC in small amount
appear acceptable.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.46 |
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UK Pound |
1 |
Rs.86.27 |
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Euro |
1 |
Rs.69.40 |
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.