MIRA
INFORM REPORT
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Report Date : |
17.05.2012 |
IDENTIFICATION DETAILS
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Name : |
DALIAN BAOFENG MACHINERY MANUFACTURING COMPANY |
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Registered Office : |
Guangmingshan Industrial Zone, Zhuanghe, |
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Country : |
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Date of Incorporation : |
25.09.2001 |
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Com. Reg. No.: |
210283000000227 |
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Legal Form : |
Limited Liabilities
Company |
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Line of Business : |
Manufacture and sales of rubber machinery |
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No. of Employees : |
500 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 and address
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Dalian Baofeng Machinery Manufacturing Company |
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Guangmingshan Industrial Zone, Zhuanghe, Dalian City, Liaoning |
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116400 |
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Tel : |
86 411 39198833/89815499 |
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Fax: |
86 411 89713505 |
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E-mail: |
-- |
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Website: |
http://www.jinglianji.com/ |
Currency in this report is Chinese Yuan unless
otherwise stated.
Exchange Rate: 1 USD=6.32 Chinese Yuan
"--"in this report indicates
"unavailable" due to insufficient information or "no
comments"
Notes:
1.
Due to the recent intervention of government in the AIC
systems, reports of companies in some regions could be impacted for a certain
period, and for the companies registered in Liaoning Province, only the
basic registry information is available. Shareholder and financial information
couldn’t be obtained.
2.
The
given address belongs to subject’s previous factory address and only a few
employees are working here currently.
EXECUTIVE
SUMMARY
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DATE OF establishment |
Sep.25th, 2001 |
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Aic Registration No. |
210283000000227 |
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REGISTERED LEGAL FORM |
limited liabilities
company |
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REGISTERED CAPITAL |
5,100,000.00 |
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main BUSINESS |
Manufacture and sales of rubber machinery |
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SIC Code (China) |
3622 manufacture of rubber processing equipments |
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employees |
500 |
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import and export permits |
yes |
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business scale |
Medium |
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operation trend |
Average |
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EXCHANGE RATE |
1 Usd=6.32CNY (MAY 16th, 2012) |
REGISTRATION
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Name |
Dalian Baofeng Machinery Manufacturing Company |
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AIC Registration Number |
210283000000227 |
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Registered address |
Guangmingshan Industrial Zone, Zhuanghe, Dalian City, Liaoning |
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Operation address |
Guangmingshan Industrial Zone, Zhuanghe, Dalian City, Liaoning |
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Date of Establishment |
Sep.25th, 2001 |
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Registry |
Administration Bureau for Industry and Commerce – Zhuanghe Branch,
Dalian |
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Legal Representative |
Jia Xianyi |
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Registered Legal Form |
Limited liabilities company |
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Registered Capital |
5,100,000.00 |
Limited liabilities co.
This form of business in PR China is defined as a
legal person. Its registered capital is contributed jointly by at least two
shareholders and no more than fifty. 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 listed
as follows:
-manufacturing co. :
RMB 500,000.00
-trading &wholesaling co. :
RMB 500,000.00
-retailing co. : RMB 300,000.00
-consultancy & service co. : RMB 100,000.00
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 50% of the registered capital while contribution by intangible
assets must not exceed 20% 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.
REGISTRATION INFO: AVAILABLE
FINANCIAL REPORTS: AVAILABLE
SHAREHOLDERS
AND SHARES
N/A
AFFILIATE(S)
No
affiliate of subject is found after checking.
MANAGEMENT
|
Name |
Jia Xianyi |
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Title |
Legal Representative |
BANKERS INFORMATION
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Bank name |
Agricultural Bank of china - Zhuanghe Sub-branch,
Dalian Branch |
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Address |
No.43 South Section, Xinhua Road, Zhuanghe, Dalian City |
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Account No. (USD) |
3455 7014 0400 00810 |
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Tel. |
86-411-89712349 |
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Date of interview |
May 16th, 2012 |
OFFICE FACILITIES
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Geographic Location |
Guangmingshan Industrial Zone, Zhuanghe, Dalian City, Liaoning |
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Area |
140,000 square meters |
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Environment and traffic |
Acceptable |
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Property Ownership |
Self-owned |
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Other address |
No. 198, Section 2, Xinhua Road, Zhuanghe, Dalian (old factory
address) |
TRADEMARKS
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Total trademarks |
2 |
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Registration No. |
2015154 |
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Registration date |
2001-08-08 |
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Image |
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Registration No. |
8608293 |
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Registration date |
2010-08-25 |
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Image |
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PATENTS
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Total patents |
30 (only the latest 3 are listed) |
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Application No. |
201030573854.1 |
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Application date |
Oct.26th, 2010 |
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Patent name |
Crusher |
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Application No. |
201020566485.8 |
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Application date |
Oct.19th, 2010 |
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Patent name |
Scraper device |
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Application No. |
201130032709.7 |
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Application date |
Mar.2nd, 2011 |
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Patent name |
Refining machine |
MAIN
PRODUCTS & SERVICES
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Main business |
Manufacture and sales of rubber processing
machinery |
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Products and services |
Subject’s products include refining machine,
rubber cutting machine etc. It also manufactures rolling and oil processing
equipments. |
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Certificates |
ISO9001:2000 |
SALES
INFORMATION
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Local sales |
70% |
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Regions |
All
over China |
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Major domestic clients |
DALIAN RUBBER
& PLASTICS MACHINERY CO., LTD; CHAINATEX GRAINS AND OILS (SHENYANG)
CO.,LTD |
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Payment terms |
Prompt payment; on credit |
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Export |
30% |
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Regions |
USA,
Indis, Germany, Russia, South Korea, Japan |
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Major overseas clients |
Manufacturers
of rubber products and edible oil |
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Payment terms |
L/C, T/T |
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According to Ms Sun
(subject’s staff), subject’s products are mostly sold to the rubber products and
edible oil manufacturers. With long history, its products enjoy high
popularity in the industry. |
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The above information was
confirmed by SC’s employee on MAY.16th, 2012. |
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PURCHASE
INFORMATION
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Main Commodities Purchased |
Steel, iron, spare parts, production
equipments |
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Region |
Local:90% Import: 10% |
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Number of Major Suppliers |
More than 5 |
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Major suppliers |
HUBEI KERUI ELECTRIC CO. LTD; DALIAN SEOU
INFORMATION TECHNOLOGY CO. LTD |
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Main Terms of Payment |
Local: Prompt payment; on
credit Import: L/C, T/T |
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According to Ms Sun (subject’s staff),
subject’s purchasing business is done both domestically and internationally.
With long history, it has developed stable suppliers. |
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The above information was confirmed by SC’s
employee on MAY.16th, 2012. |
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CREDIT
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Name of supplier |
HUBEI KERUI ELECTRIC CO.
LTD |
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Main commodities and service supplied |
Electric equipments |
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Title of interviewee |
Business staff |
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Telephone of Interviewee |
86-710-3608858 |
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Cooperation |
Confirmed |
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Payment comment |
Good |
LITIGATION
RECORDS
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Name of person subject to enforcement |
DALIAN
BAOFENG MACHINERY MANUFACTURING COMPANY |
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Court |
People’s Court of Zouping County, Shandong |
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File date |
Jun.29th, 2009 |
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File No. |
(2009) Zou Fa Zhi Yi Zi
00281 |
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Amount |
85,000 CNY |
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Status |
Closed |
FINANCE
N/A
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.29 |
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|
1 |
Rs.86.61 |
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Euro |
1 |
Rs.68.87 |
INFORMATION DETAILS
|
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 |
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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.