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Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
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Name : |
QINGDAO XINGHE GRAPHITE CO., LTD |
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Registered Office : |
Room 403, Unit 2, Building 8, No.35, Zhucheng
Rd, Shibei Dist, Qingdao City 266021 |
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Country : |
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Date of Incorporation : |
12.09.2006 |
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Com. Reg. No.: |
370203228118753 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Wholesale of non-metal minerals and products |
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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) |
|
China |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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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Room 403, Unit 2, Building 8, No.35, Zhucheng
Rd, Shibei Dist, Qingdao City |
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266021 |
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Tel : |
86 532 83801905 |
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Fax: |
86 532 83813821 |
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E-mail: |
-- |
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Website: |
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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"
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 Shandong Province, only the basic
registry information is available. Financial information couldn’t be obtained.
|
DATE OF establishment |
Sep.12th, 2006 |
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Aic Registration No. |
370203228118753 |
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REGISTERED LEGAL FORM |
limited liabilities
company |
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REGISTERED CAPITAL |
500,000.00 |
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main BUSINESS |
wholesale of graphite |
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SIC Code (China) |
6363 wholesale of non-metal minerals and products |
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|
|
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employees |
20 |
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import and export permits |
yes |
|
business scale |
Medium |
|
operation trend |
Average |
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EXCHANGE RATE |
1 Usd=6.32CNY |
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Name |
QINGDAO XINGHE GRAPHITE CO., LTD |
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AIC Registration Number |
370203228118753 |
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Registered address |
Room 403, Unit 2, Building 8, No.35, Zhucheng Rd,
Shibei Dist, Qingdao City |
|
Operation address |
Room 403, Unit 2, Building 8, No.35, Zhucheng
Rd, Shibei Dist, Qingdao City |
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Date of Establishment |
Sep.12th, 2006 |
|
Registry |
Administration Bureau for Industry and Commerce – Shibei Dist, Qingdao
|
|
Legal Representative |
Yang Deqian |
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Registered Legal Form |
Limited liabilities company |
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Registered Capital |
500,000.00 |
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Business Scope |
Wholesale of graphite, chemical products, metal materials; 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
As indicated in the following table:
|
Shareholder |
Capital
Subscribed |
Percentage |
|
Yang Chengye |
300,000.00 |
60% |
|
Yang
Deqian |
200,000.00 |
40% |
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Total |
500,000.00 |
100% |
No affiliate of subject is found after checking.
|
Name |
Yang Deqian |
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Gender |
Male |
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Title |
Legal Representative |
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Bank name |
Bank of Qingdao |
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Account No. (CNY) |
N/A |
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Source of information |
Subject’s staff |
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Geographic Location |
Room 403, Unit 2, Building 8, No.35, Zhucheng
Rd, Shibei Dist, Qingdao City |
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Area |
200 square meters |
|
Environment and traffic |
Acceptable |
|
Property Ownership |
Rented |
After checking
with the Trademark Office of Chinese Administration Bureau of Industry and
Commerce and the State Intellectual Office, no trademarks or patents of SC were
found.
|
Main business |
wholesale of
graphite |
|
Products and services |
Subject’s products include different kinds
of graphite such as flake graphite, micro powder graphite, colloidal graphite,
medium carbon graphite, natural graphite, spherical graphite etc. It has
cooperative factory in Pingdu, Qingdao. |
|
Local sales |
60% |
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Regions |
All
over China |
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Major domestic clients |
YANGQUAN HUYAO REFRACTORY
MATERIAL CO.,LTD; HENAN LONGWEI REFRACTORY MATERIAL CO. LTD |
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Payment terms |
Prompt payment; on credit |
|
Export |
40% |
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Regions |
Poland,
USA, South Korea, India etc. |
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Major overseas clients |
Steel
factories |
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Payment terms |
L/C, T/T |
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Subject’s products are
sold both domestically and internationally. Its products are used in many
industries including petrol, coatings, steel, refractory material industry
etc. |
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|
The above information was
confirmed by SC’s employee |
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Main Commodities Purchased |
flake graphite, micro powder graphite,
colloidal graphite etc. |
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Region |
Local: 100% Import: 0% |
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Number of Major Suppliers |
More than 5 |
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Major suppliers |
QINGDAO PINGDU FUKANG
GRAPHITE PROCESSING FACTORY |
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Main Terms of Payment |
Local: Prompt payment; on
credit |
|
Subject has fixed suppliers and the source
of good is stable. |
|
|
The above information was confirmed by SC’s
employee |
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|
Name of supplier |
QINGDAO
PINGDU FUKANG GRAPHITE PROCESSING FACTORY |
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Main commodities and service supplied |
Graphite products |
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Title of interviewee |
Production staff |
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Telephone of Interviewee |
86-13573843103 |
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Cooperation |
Confirmed |
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Payment comment |
Prompt |
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.
Subject’s financial is
unavailable through the AIC channel. According to its staff, subject’s business
has been well developed since its commence and the business scale is above
average in the local industry.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.86.84 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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 |
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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.