MIRA INFORM REPORT

 

 

Report Date :

23.05.2012

 

IDENTIFICATION DETAILS

 

Name :

BAODING TIANPENG IMP. & EXP. GROUP CORP. LTD

 

 

Registered Office :

No.2, Baihua East Rd, Baoding City, Hebei Province

 

 

Country :

China

 

 

Date of Incorporation :

07.12.1995

 

 

Com. Reg. No.:

130600000024810

 

 

Legal Form :

Limited Liabilities Company

 

 

Line of Business :

Import and export trading of wide range covering from textile and garments to machineries, foods etc.

 

 

No. of Employees :

120

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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)

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 & address

   

BAODING TIANPENG IMP. & EXP. GROUP CORP. LTD

No.149, Baihua East Rd, Baoding City, Hebei Province

071051

Tel :

86 312 3026856

Fax:

86 312 5906775

E-mail:

--

Website:

http://www.tianpeng.com.cn/

GTM Reference No.

G120518079

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

2.       The ordered address (No. 2, Baihua East Road, Baoding 071051, Hebei) is subject’s registered address and previous operation address. Its current address is as listed in the report.

 

 

EXECUTIVE SUMMARY

 

DATE OF establishment

Dec.7th, 1995

Aic Registration No.

130600000024810

REGISTERED LEGAL FORM

limited liabilities company

REGISTERED CAPITAL

10,000,000

main BUSINESS

Import and exort trading

SIC Code (China)

6300 wholesale industry

 

 

employees

120

import and export permits

yes

business scale

Large

operation trend

Average

 

 

credit rating

CR3

base Credie limit

N/A

EXCHANGE RATE

1 Usd=6.32CNY (may 21st, 2012)

                    

                 

REGISTRATION

 

Name

BAODING TIANPENG IMP. & EXP. GROUP CORP. LTD

AIC Registration Number

130600000024810

Registered address

No.2, Baihua East Rd, Baoding City, Hebei Province

Operation address

No.149, Baihua East Rd, Baoding City, Hebei Province

Date of Establishment

Dec.7th, 1995

Registry

Administration Bureau for Industry and Commerce – Baoding City

Legal Representative

Guo Shutian

Registered Legal Form

limited liabilities company

Registered Capital

10,000,000

Operating Duration

Perpetual

Business Scope

Import and export trading of commodities except the items operated by the national government; wholesale of coal; transportation agent; sales of hardware, textile, garments, bags and cases, shoes, cable, wire, electronics, machineries, kitchen items, daily necessities, stationeries, building materials, foods, non-ferrous metals etc.

                        

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)

 

Name

BAODING TIANPENG IMP. & EXP. GROUP CORP. LTD – Transporation Branch

Registration address

No.2, Baihua East Rd, Baoding City, Hebei Province

Registration No.

130600300010148

Main business

Transportation service

 

 

Name

BAODING TIANPENG IMP. & EXP. GROUP CORP. LTD – Livestock/Poultry/Fruit/Vegetable Imp. & Exp. Co. Ltd

Registration address

No.2, Baihua East Rd, Baoding City, Hebei Province

Registration No.

130600000040513

Main business

Import and export of  Livestock/Poultry/Fruit/Vegetable

 

 

The below subsidiaries information is obtained from subject’s website

Subsidiary Name

BAODING TIANPENG BEIFANG FOREIGN TRADE CO. LTD

Subsidiary Name

BAODING KEHUA IMP. EXP. CO. LTD

Subsidiary Name

BAODING FOODSTUFF TRADING CO. LTD

Subsidiary Name

GLIMMER IMPORT EXPORT LTD (CHILE)

Subsidiary Name

GLIMMER IMPORT EXPORT LTD (HUNGARY)

           

       

MANAGEMENT

 

Name

Guo Shutian

Gender

Male

Title

Legal Representative

       

       

BANKERS INFORMATION

 

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

           

       

OFFICE FACILITIES

 

Geographic Location

No.149, Baihua East Rd, Baoding City, Hebei Province

Area

2000 square meters

Environment and traffic

Acceptable

Property Ownership

Rented

           

           

TRADEMARKS    

 

Total trademarks

4 (only the latest 3 are listed)

Registration No.

3285922

Registration date

2002-08-26

Image

 

 

Registration No.

3286333

Registration date

2002-08-26

Image

 

 

Registration No.

3286334

Registration date

2002-08-26

Image

                 

                 

PATENTS

 

After checking with the State Intellectual Office, no patents of SC were found.

        

        

MAIN PRODUCTS & SERVICES

 

Main business

Import and export trading

Products and services

Subject’s product range is wide covering from textile and garments to machineries, foods etc. It deals with more than 110 different types of products that belong to 17 categories.

Certificates

SGS;

BV;

DMIC/INTERTEK

           

           

SALES INFORMATION

 

Local sales

10%

Regions

All over China

Major domestic clients

BAODING KEHUA IMP. EXP. CO. LTD

Payment terms

Prompt payment; on credit

Export

90%

Regions

EU, USA, Japan, Russia, South America, Southeast Asia etc.

Major overseas clients

Top Speed Auto Accessores Inc; Schmilne Dba Silkcraft Of Oregon; Excelligence Learning Corporation; Royal Metals Products Corp.

Payment terms

L/C, T/T

As a trading company, subject’s products are exported to many countries and regions. With long history, it has accumulated certain customer network.

The above information was confirmed by SC’s employee on MAY.21st, 2012.

           

           

PURCHASE INFORMATION

 

Main Commodities Purchased

Textile; garments; frozen vegetables, chemical materials, minerals etc.

Region

Local: 80%

Import: 20%

Number of Major Suppliers

More than 5

Major suppliers

As Forwarting Inc

Main Terms of Payment

Local: Prompt payment; on credit

Import: L/C, T/T

Subject’s products are purchased within and out of China. With long history, it has fixed suppliers.

The above information was confirmed by SC’s employee on MAY.21th, 2012.

          

           

CREDIT

 

Subject’s staff refused to disclose its supplier name. Hence no payment comment from the supplier can be provided in this report.

          

          

LITIGATION RECORDS

 

Name of person subject to enforcement

BAODING TIANPENG IMP. & EXP. GROUP CORP. LTD

Court

People’s Court of Xinshi Dist, Baoding City

File date

Aug.1st, 2007

File No.

(2007) Bao Xin Fa Zhi Zi 00317

Amount

52,339.00 CNY

Status

Closed

           

           

FINANCE

 

N/A

           


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.93

UK Pound

1

Rs.88.14

Euro

1

Rs.70.87

 

 

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.