MIRA INFORM REPORT

 

 

Report Date :

18.05.2012

 

IDENTIFICATION DETAILS

 

Name :

CANGZHOU KTD STEEL PIPE CO., LTD

 

 

Registered Office :

Building A, Jinlong Plaza, Xinhua Easr Road, Xinhua Dist, Cangzhou City

 

 

Country :

China

 

 

Date of Incorporation :

28.11.2007

 

 

Com. Reg. No.:

130902000005143

 

 

Legal Form :

Limited Liabilities Comany

 

 

Line of Business :

Manufacture and sales of steel pipe

 

 

No. of Employees :

120

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate  

 

 

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 – September 30, 2011

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

China

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Cangzhou KTD Steel pipe Co., Ltd

No.6, Jianshe South St, Cangzhou City, Hebei Province

061000

Tel :

86 317 3585001

Fax:

86 317 3580002

Website:

http://www.ktdcn.com/

GTM Reference No.

G120516077

Currency in this report is Chinese Yuan unless otherwise stated.

Exchange Rate: 1 USD=6.32Chinese Yuan

"--"in this report indicates "unavailable" due to insufficient information or "no comments"

 

Note:

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 Hebei Province, only the basic registry information is available. Shareholder and financial information couldn’t be obtained.

 

 

EXECUTIVE SUMMARY

 

DATE OF establishment

Nov.28th, 2007

Aic Registration No.

130902000005143

REGISTERED LEGAL FORM

limited liabilities company

REGISTERED CAPITAL

2,000,000.00

main BUSINESS

manufacture and sales of steel ipes

SIC Code (China)

3230 steel rolling and processing

 

 

employees

120

import and export permits

yes

business scale

Medium

operation trend

Average

 

 

base Credie limit

N/A

EXCHANGE RATE

1 Usd=6.32CNY (MAY 17th, 2012)

           

     

REGISTRATION

 

Name

Cangzhou KTD Steel pipe Co., Ltd

AIC Registration Number

130902000005143

Registered address

Building A, Jinlong Plaza, Xinhua Easr Road, Xinhua Dist, Cangzhou City

Operation address

No.6, Jianshe South St, Cangzhou City, Hebei Province

Date of Establishment

Nov.28th, 2007

Registry

Administration Bureau for Industry and Commerce – Cangzhou City

Legal Representative

Gu Liangyu

Registered Legal Form

limited liabilities comany

Registered Capital

2,000,000.00

Operating Duration

Nov.28th, 2007 to Nov.27th, 2057

                        

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

Gu Liangyu

Gender

Legal Representative

       

       

BANKERS INFORMATION

 

SC’s bank information can’t be obtained after searching through all available channels.         

           

       

OFFICE FACILITIES

 

Geographic Location

No.6, Jianshe South St, Cangzhou City, Hebei Province

Area

60000 square meters

Environment and traffic

Acceptable

Property Ownership

Self-owned

 

           

TRADEMARKS/ PATENTS

 

After checking with the Trademark Office of Chinese Administration Bureau of Industry and Commerce, no trademarks of SC were found.

     

     

MAIN PRODUCTS & SERVICES

 

Main business

Manufacture and sales of steel pipe

Products and services

Subject mainly produces seamless steel pipe of φ21-φ610mm

Annual production capacity

100,000 tons

Certificates

ISO9001

           

           

SALES INFORMATION

 

Local sales

70%

Regions

All over China

Major domestic clients

CANGZHOU KANG SHENG LIAN STEEL PIPE CO. LTD

Payment terms

Prompt payment; on credit

Export

30%

Regions

USA, Japan, Russia etc.

Major overseas clients

International traders

Payment terms

L/C, T/T

With certain history, subject has developed stable customer network.

The above information was confirmed by SC’s employee on MAR.17th, 2012.

           

           

PURCHASE INFORMATION

 

Main Commodities Purchased

Steel materials; punchers etc.

Region

Local: 100%

Import: 0%

Number of Major Suppliers

More than 3

Major suppliers

CANGZHOU YIWANG NETWORK TECHNOLOGY CO. LTD

Main Terms of Payment

Local: Prompt payment; on credit

Subject’s materials are mainly purchased from local place.

The above information was confirmed by SC’s employee on MAR.17th, 2012.

           

           

CREDIT

 

Name of supplier

CANGZHOU YIWANG NETWORK TECHNOLOGY CO. LTD

Main commodities and service supplied

Website construction and maintenance

Title of interviewee

Business staff

Telephone of Interviewee

86-317-3168978

Cooperation

Confirmed

Payment comment

Prompt

Date of interview

May 17th, 2012

          

          

LITIGATION RECORDS 

           

After checking with China Court organization, the local court website and other major searching websites, no litigation record related to subject company in the latest three years is found.

           

           

FINANCE

 

N/A

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.38

UK Pound

1

Rs.86.57

Euro

1

Rs.69.30

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.