MIRA
INFORM REPORT
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Report Date : |
16.05.2012 |
IDENTIFICATION DETAILS
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Name : |
HEBEI LOTAING COMMERCIAL & TRADE CO., LTD. |
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Registered Office : |
Room 15A 01, |
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Country : |
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Date of Incorporation : |
17.01.2012 |
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Com. Reg. No.: |
130100000398924 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Exporting various kinds of goods to overseas market. |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRAs Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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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 and address
Hebei Lotaing Commercial & Trade Co., Ltd.
ROOM
xinhua district, hebei
PROVINCE, 050030 PR CHINA
TEL: 86 (0)
311-85293580 FAX: 86 (0)
311-85293582
EXECUTIVE SUMMARY
INCORPORATION DATE : JAN. 17, 2012
REGISTRATION NO. :
130100000398924
REGISTERED LEGAL FORM : LIMITED LIABILITIES CO.
CHIEF EXECUTIVE :
MR. WANG RONGKANG (CHAIRMAN)
STAFF STRENGTH :
4
REGISTERED CAPITAL : CNY 3,000,000
BUSINESS LINE :
trading
TURNOVER :
n/a
EQUITIES :
n/a
PAYMENT :
NOT
YET DETERMINED
MARKET CONDITION : FAIR
FINANCIAL CONDITION : UNDETERMINED
OPERATIONAL TREND : SUBJECT TO LONGER PERIOD OF
OBSERVATION
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.31 = 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 No. 433, IMC Building, No. 5 Union Road, Xinhua District,
Shijiazhuang City is SCs registered address, while SCs operating address
should be the heading one.
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 Jan. 17, 2012.
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.
SCs registered business
scope includes selling of chemical raw materials and products (except for
dangerous chemicals and precursor chemicals), hardware, household appliances,
machinery and equipment, sales of rubber products (except for medical rubber
products); importing and exporting; self-and agent all kinds of goods and
technology. (Excluding those prohibited by law and regulations, with permit if
needed).
SC has not started
its normal operation yet.
Mr. Wang
Rongkang has been legal representative
and chairman of SC since Jan. of 2012.
SC is known to
have approx. 4 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Shijiazhuang. Our checks reveal that
SC rents the total premise about 110 square meters.
http://www.lty-corp.com/ The design is professional and the content is
well organized. At present it is in English version.
Email: lotaing1988@yahoo.com.cn
SC has not started
its normal operation yet. According to SCs staff, SC is expected to operate in
Jul., 2012.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Wang Rongkang 50
Zhao Jiang 50
l
Legal Representative and Chairman:
Mr. Wang Rongkang is currently responsible for the overall management of
SC.
Working Experience(s):
From Jan. of 2012 to present Working in SC as legal representative
and chairman.
l
General
Manager:
Mr. Zhang Yongsheng , in his
Working Experience(s):
From Jan. of 2012 to present Working in SC as general manager.
SC has not started its normal operation yet.
According to SCs staff, SC will be mainly engaged in exporting various kinds
of goods to overseas market.
SC is not known to have any subsidiary at present.
Overall payment appraisal:
( ) Excellent (
) Good ( ) Average
( ) Fair (
) Poor (X) 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: None in our
database.
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.
Industrial and
Commercial Bank of China Shijiazhuang Taihua Sub-branch
AC#: N/A
Relationship:
Normal.
SC was established at the beginning of 2012, and has not started its
normal operation yet, so its financial reports are not available at present.
Established at the beginning of 2012, SC has not started its normal
operation yet. Great caution is required in providing credit to SC & C.O.D.
is recommended.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.84 |
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1 |
Rs.86.72 |
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Euro |
1 |
Rs.69.13 |
INFORMATION DETAILS
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Report Prepared
by : |
PRL |
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 |
-- |
This score serves as a reference to assess SCs 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.