MIRA
INFORM REPORT
|
Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
HUZHOU XINGFENG IMPORT & EXPORT CO., LTD.
|
|
|
|
|
Registered Office : |
Room 205, Unit 3, 12# Building, Nanfang Jiayuan, Wukang
Town, Deqing County, Huzhou, Zhejiang Province, 313106 Pr |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
25.05.2010 |
|
|
|
|
Com. Reg. No.: |
330521000039272 |
|
|
|
|
Legal Form : |
Limited Liabilities Company |
|
|
|
|
Line of Business : |
International
Trade |
|
|
|
|
No. of Employees : |
02 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Small Company |
|
Payment Behaviour : |
No Complaints |
|
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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
huzhou xingfeng
import & export co., ltd.
room 205, unit 3, 12# building, nanfang
jiayuan, wukang town,
deqing county, huzhou, zhejiang PROVINCE,
313106 PR CHINA
TEL: 86 (0) 572-8885076/13706820219
EXECUTIVE SUMMARY
INCORPORATION DATE : may 25, 2010
REGISTRATION NO. : 330521000039272
REGISTERED
LEGAL FORM : Limited liabilities company
STAFF
STRENGTH : 2
REGISTERED
CAPITAL :
CNY 500,000
BUSINESS
LINE : trading
TURNOVER : n/a
EQUITIES : n/a
PAYMENT
: AVERAGE
MARKET
CONDITION : fair
FINANCIAL
CONDITION : UNDETERMINED
OPERATIONAL
TREND :
SUBJECT TO LONGER PERIOD OF OBSERVATION
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : CNY 6.30 = 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: The given address (701 Room 5 Building Luyan Green Town Wukang Huzhou Zhejiang China) was the former one, while SC is operating in the heading address. The given phone number is not exist.
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 May 25, 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
importing and exporting goods and technology.
SC is mainly engaged in international trade.
Mr. Xu Jinfa has been legal representative of
SC since 2010.
SC is known to have approx. 2 employees at
present.
SC is currently operating
at the above stated address, and this address houses its operating office in
the commercial zone of Deqing county. Our checks reveal that SC rents the total
premise, but the gross area is unspecified.
SC is not known to host
web site of its own at present.
SC started its
normal operation in August of 2010.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Deqing Rixing Silk Co., Ltd. 90
Xu Jinfa (ID# 330521195502134614) 10
Deqing Rixing Silk Co., Ltd.
=====================
Established in 1997 with a fixed capital of 2.5 million yuan in a
13,000 square meter area, it employs a group of 230 clerks. There are 88 sets
of silk looms. It is able to produce 1 million meters of various silk products.
Its key products 65111 georgette velvet, opal finished georgette crepe and
scarves etc, which are mainly sold to Europe, America, the Middle East and
domestic markets.
Add: Shilin Town, Deqing, Zhejiang
Tel: 86 0572-8210069
Fax: 86 0572-8210293
Email: rx@texindex.com
Http: www.rx-silk.com
Legal
Representative:
Mr. Xu Jinfa, 55 years old with university education. He is currently responsible for the overall management of SC.
Working
Experience(s):
From 2010 to present Working
in SC as legal representative, and also working in Deqing Rixing Silk Co., Ltd.
as legal representative and chairman.
General Manager:
Mr. Shen Jinhu, ID: 330521195911034614, 51 years old with university education. He is currently responsible for the daily management of SC.
Working
Experience(s):
From 2010 to present
Working in SC as general
manager.
SC is mainly engaged in international trade.
SC started its normal operation in August of
2010.
SC’s products mainly include: silk products.
SC sources its materials 100% from domestic market, mainly Zhejiang. SC
sells 100% of its products to overseas market, mainly Southeast Asian market.
The buying terms of
SC include Check, T/T and Credit of 30-60 days. The payment terms of SC include
L/C and Credit of 30-60 days.
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 declined to release its bank details.
Established in May
of 2010 and started its normal operation in August of 2010, SC’s financial
reports are not available at present.
SC is considered
small-sized in its line with a short history.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
|
UK Pound |
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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.