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Report Date : |
21.05.2012 |
IDENTIFICATION DETAILS
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Name : |
BAOJI FUFENG BIOTECHNOLOGIES CO LTD |
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Registered Office : |
No.18, Gaoxin Tenth Road, Baoji City, Shaanxi Province |
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Country : |
China |
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Date of Incorporation : |
24.09. 2004 |
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Com. Reg. No.: |
610300400000013 |
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Legal Form : |
Limited Liabilities
Company |
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Line of Business : |
Manufacture and sales of Glutamate fermentation products |
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No. of Employees : |
2,000 |
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 : |
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
|
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 |
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BAOJI FUFENG BIOTECHNOLOGIES CO LTD |
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No.18, Gaoxin Tenth Road, Baoji City, Shaanxi Province |
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721013 |
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Tel : |
86 917 6735788/6735986 |
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Fax: |
86 917 6735768 |
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E-mail: |
-- |
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Website: |
-- |
Currency in this report is Chinese Yuan
unless otherwise stated.
Exchange Rate: 1 USD=6.33 Chinese Yuan
"--"in this report indicates
"unavailable" due to insufficient information or "no
comments"
Notes
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 Shaanxi Province, only the basic registry
information is available. Shareholder and financial information couldn’t be
obtained.
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DATE OF establishment |
Sep.24th, 2004 |
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Aic Registration No. |
610300400000013 |
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REGISTERED LEGAL FORM |
limited liabilities
company |
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REGISTERED CAPITAL |
HKD 80,000,000.00 |
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main BUSINESS |
Manufacture and sales of
Glutamate fermentation products |
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SIC Code (China) |
1469 manufacture of other condiment and fermentation products |
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|
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employees |
2,000 |
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import and export permits |
yes |
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business scale |
Large |
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operation trend |
Average |
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EXCHANGE RATE |
1 Usd=6.33CNY (MAY 21ST, 2012) |
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Name |
BAOJI FUFENG BIOTECHNOLOGIES CO LTD |
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AIC Registration Number |
610300400000013 |
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Registered address |
Gaoxin Tenth Road, Baoji City, Shaanxi Province |
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Operation address |
No.18, Gaoxin Tenth Road, Baoji City, Shaanxi Province |
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Date of Establishment |
Sep.24th, 2004 |
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Registry |
Administration Bureau for Industry and Commerce – Baoji City |
|
Legal Representative |
Xu Hengshan |
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Registered Legal Form |
limited liabilities
company |
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Registered Capital |
HKD 80,000,000.00 |
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.
Subject is affiliated to Fufeng Group Limited which is publically listed in Hong Kong
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Name |
FUFENG GROUP LIMITED |
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File No. |
F0014164 |
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Place of establishment |
Cayman Islands |
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Date of registration |
Aug.3rd, 2005 |
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Legal form |
Public listed company |
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Status |
Active |
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Stock information |
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Stock exchange centre |
Stock Exchange of Hong Kong |
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Stock code |
00546 |
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Affiliate Name |
FUFENG GROUP LIMITED |
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Branch Name |
BAOJI FUFENG BIOTECHNOLOGIES CO LTD – Environment Protection
Fertilizer Branch |
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Registration address |
Gaoxin Tenth Road, Baoji City, Shaanxi Province |
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Registration No. |
610300500000503 |
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Main business |
Manufacture of environment
protection fertilizer |
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Name |
Xu Hengshan |
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Gender |
Male |
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Title |
Legal Representative |
SC’s
bank information can’t be obtained after searching through all available
channels.
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Geographic Location |
No.18, Gaoxin Tenth Road, Baoji City, Shaanxi Province |
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Area |
300,000 square meters |
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Environment and traffic |
Acceptable |
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Property Ownership |
Self-owned |
After checking with the
Trademark Office of Chinese Administration Bureau of Industry and Commerce, no
trademarks of SC were found.
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Total patents |
7(only the latest 3 are listed) |
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Application No. |
201020587882.3 |
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Application date |
Nov.1st, 2010 |
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Patent name |
Lifting and settling equipment |
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Application No. |
201020587687.0 |
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Application date |
Nov.1st, 2010 |
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Patent name |
Fermentation tank Stirring system |
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Application No. |
201020587853.7 |
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Application date |
Nov.1st, 2010 |
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Patent name |
Fermentation tank De-foaming device |
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Main business |
Develop, manufacture and sales of biological
products |
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Products and services |
Subject’s products include amino
acid, glutamic acid, organic fertilizer, xanthan gum (food additive), corn
starch etc. |
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Annual production capacity |
amino acid: 140,000 tons; organic fertilizer:
200,000 tons; corn starch: 300,000 tons |
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Certificates |
API Certification; ISO9001 Quality System
Certification. |
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Local sales |
60% |
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Regions |
All
over China |
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Major domestic clients |
Pharmaceutical
manufacturers; traders |
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Payment terms |
Prompt payment; on credit |
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Export |
40% |
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Regions |
USA,
Europe, Asia |
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Major overseas clients |
Proway Forwarding Inc; Proway Forwarding Inc
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Payment terms |
L/C, T/T |
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Subject’s products are
mainly sold to domestic and international pharmaceutical enterprises,
supermarkets and traders. With long history and wide sales network, it has
accumulated stable customers. |
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The above information was
confirmed by SC’s employee on MAY.21st, 2012. |
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Main Commodities Purchased |
Testing instruments; corm; production
equipments; office facilities |
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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 |
HEBI TAILONG INSTRUMENTS CO. LTD; CIXI SHENGJIE FILLING
MATERIAL CO. LTD; QINGDAO HUAJIE TOUPING MOTOR CO. LTD |
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Main Terms of Payment |
Local: Prompt payment; on
credit |
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Subject’s raw materials and equipments are
mostly purchased within China. With long history, it has developed stable
purchasing channels. |
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The above information was confirmed by SC’s
employee on MAY.21st, 2012. |
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Name of supplier |
HEBI TAILONG INSTRUMENTS CO. LTD |
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Main commodities and service supplied |
Instruments |
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Title of interviewee |
Sales staff |
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Telephone of Interviewee |
86-392-2616999 |
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Cooperation |
Confirmed |
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Payment comment |
Prompt |
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Date of interview |
May
21st, 2012 |
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Name of person subject to enforcement |
BAOJI FUFENG BIOTECHNOLOGIES CO LTD |
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Court |
People’s court of Weibin Dist, Baoji City |
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File date |
Nov.10th, 2010 |
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File No. |
(2010) Bao Wei Fa Zhi Zi 00803 |
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Amount |
23,386.78 CNY |
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Status |
Closed |
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Name of person subject to enforcement |
BAOJI FUFENG BIOTECHNOLOGIES CO LTD |
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Court |
People’s court of Zhangjiagang City |
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File date |
Dec.9th, 2012 |
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File No. |
(2010) Zhang Zhi Zi 01622 |
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Amount |
20,106.00 CNY |
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Status |
Closed |
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Name of person subject to enforcement |
BAOJI FUFENG BIOTECHNOLOGIES CO LTD |
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Court |
People’s court of Weibin Dist, Baoji City |
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File date |
Jan.13th, 2009 |
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File No. |
(2009) Bao Wei Fa Zhi Zi 00065 |
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Amount |
100.00 CNY |
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Status |
Closed |
N/A
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.87 |
|
|
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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 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.