MIRA
INFORM REPORT
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Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
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Name : |
GUANGZHOU POLAIN CHEMICAL TECHNOLOGY CO., LTD |
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Registered Office : |
RM 110, Block B, Zhongshan university science and technology
park, No.135, |
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Country : |
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Date of Incorporation : |
28.07.2006 |
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Com. Reg. No.: |
440105000134691 |
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Legal Form : |
Limited Liabilities
Company |
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Line of Business : |
Sales of rubber raw materials and auxiliaries |
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No. of Employees : |
20 |
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 |
Company name and address
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Guangzhou Polain Chemical Technology Co., Ltd |
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RM 110, Block B, Zhongshan university science and technology park,
No.135, Xingang West Rd, Haizhu Dist, Guangzhou City, Guangdong Province |
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510275 |
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Tel : |
86 20 84111658 |
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Fax: |
86 20 84111657 |
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Mobile |
13760859503 |
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E-mail: |
-- |
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Website: |
http://polain.cn.china.cn/ |
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"
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 Guangzhou
City, only the basic registry information is available.
Shareholder and financial information couldn’t be obtained.
2.
The ordered address (Room 611 Sysu-Haizhu Science Park, 135
Xingang XI Road, Guangzhou) is subject’s previous address. Its current address
is as listed in the report.
EXECUTIVE
SUMMARY
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DATE OF establishment |
Jul.28th, 2006 |
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Aic Registration No. |
440105000134691 |
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REGISTERED LEGAL FORM |
limited liabilities
company |
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REGISTERED CAPITAL |
1,000,000.00 |
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main BUSINESS |
Sales of rubber raw materials and auxiliaries |
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SIC Code (China) |
6369 wholesale of other chemical products |
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employees |
20 |
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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=6.33CNY (MAY 21st, 2012) |
REGISTRATION
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Name |
Guangzhou Polain Chemical Technology Co.,Ltd. |
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AIC Registration Number |
440105000134691 |
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Registered address |
Room 1210, Block B, Zhongshan university
science and technology park, No.135, Xingang West Rd, Haizhu Dist, Guangzhou
City |
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Operation address |
RM 110, Block B, Zhongshan university science and technology park,
No.135, Xingang West Rd, Haizhu Dist, Guangzhou City |
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Date of Establishment |
Jul.28th, 2006 |
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Registry |
Administration Bureau for Industry and Commerce
– Haizhu Dist, Guangzhou |
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Legal Representative |
Lin Mingtao |
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Registered Legal Form |
limited liatilities
company |
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Registered Capital |
1,000,000 CNY |
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Operating Duration |
Perpetual |
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Business Scope |
Technical research and development of rubber raw materials,
auxiliaries, rubber products, plastic raw materials and other chemical
materials； Wholesale and retail trading; Import and export of commodities and technologies |
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
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Name |
Lin Mingtao |
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Gender |
Male |
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Title |
Legal Representative |
BANKERS INFORMATION
SC’s
bank information can’t be obtained after searching through all available
channels.
OFFICE FACILITIES
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Geographic Location |
RM 110, Block B, Zhongshan university science and technology park, No.135,
Xingang West Rd, Haizhu Dist, Guangzhou City, Guangdong Province |
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Area |
200 square meters |
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Environment and traffic |
Acceptable |
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Property Ownership |
Rented |
TRADEMARKS
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Registration No. |
7161266 |
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Registration date |
Jan.12th, 2009-01-12 |
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Image |
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PATENTS
After checking with the
State Intellectual Office, no patents of SC were found.
MAIN PRODUCTS & SERVICES
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Main business |
Sales of rubber materials and auxiliaries |
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Products and services |
Subject’s products include different kinds of
rubber raw materials and auxiliaries as well as mask basic materials etc. |
SALES
INFORMATION
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Local sales |
70% |
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Regions |
All
over China |
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Major domestic clients |
Cosmetic
manufacturers; rubber products manufacturers etc |
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Payment terms |
Prompt payment; on credit |
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Export |
30% |
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Regions |
Europe;
Asia |
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Major overseas clients |
Traders
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Payment terms |
L/C, T/T |
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Subject’s rubber related
products are sold to rubber manufacturers, and its mask basic materials are sold
to cosmetic manufacturers. |
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The above information was
confirmed by SC’s employee on MAY.21st, 2012. |
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PURCHASE
INFORMATION
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Main Commodities Purchased |
rubber raw materials and auxiliaries; mask
basic materials |
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Region |
Local: 80% Import: 20% |
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Number of Major Suppliers |
More than 5 |
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Major suppliers |
Rhd Polymer &
Chemical Llc.; Heraeus-Kulzer
Company; CHENGDU HONGDAO INDUSTRY CO. LTD etc. |
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Main Terms of Payment |
Local: Prompt payment; on
credit Import: L/C, T/T |
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Subject’s rubber related products are
purchased from domestic suppliers. The mask basic materials are mainly
imported from USA, Germany etc. It has fixed suppliers. |
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The above information was confirmed by SC’s
employee on MAY.21st, 2012. |
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CREDIT
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Name of supplier |
CHENGDU HONGDAO INDUSTRY CO. LTD |
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Main commodities and service supplied |
Rubber products |
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Title of interviewee |
Business staff |
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Telephone of Interviewee |
86-28-87980513 |
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Cooperation |
Confirmed |
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Payment comment |
Prompt |
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.54.88 |
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|
1 |
Rs.86.84 |
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Euro |
1 |
Rs.70.21 |
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.