MIRA
INFORM REPORT
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Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
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Name : |
SHIJIAZHUANG GREEN WOOD PAPER PRODUCTS CO.,
LTD. |
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Registered Office : |
17/F, East Block, Commercial Building, Xinhua Commercial
Square, Xinhua District, Shijiazhuang, Hebei Province 050000 Pr |
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Country : |
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Date of Incorporation : |
22.09.2011 |
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Com. Reg. No.: |
130105000027917 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling Paper Products. |
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No. of Employees : |
08 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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
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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 & address
SHIJIAZHUANG GREEN WOOD PAPER PRODUCTS CO.,
LTD.
17/F, EAST BLOCK,
COMMERCIAL BUILDING, XINHUA COMMERCIAL SQUARE, XINHUA DISTRICT, SHIJIAZHUANG,
HEBEI PROVINCE 050000 PR CHINA
TEL: 86 (0) 311-89947203 FAX:
N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : SEP. 22, 2011
REGISTRATION NO. : 130105000027917
REGISTERED LEGAL FORM : LIMITED LIABILITIES CO.
STAFF STRENGTH : 8
REGISTERED CAPITAL : CNY 500,000
BUSINESS LINE :
TRADING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY
6.32 =USD 1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY - China Yuan Renminbi
SC was registered as a Limited liabilities co. at local
Administration for Industry & Commerce (AIC - The official body of issuing and
renewing business license) on Sep. 22, 2011.
Company
Status: Limited liabilities co. This form of business in PR China is
defined as a legal person. No more than fifty shareholders contribute its registered
capital jointly. 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 CNY 30,000. 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 30% 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.
SC’s registered business scope includes selling paper &
paper products, daily necessaries, hardware, office products and electronic products;
importing and exporting commodities and technologies. (with permit if needed)
SC is mainly engaged in selling
paper products.
Mr.
Dong Qingfeng is the legal representative, chairman and general manager of SC
at present.
SC is
known to have approx. 8 employees at present.
SC is currently operating at the above stated address, and this address
houses its operating office in the commercial zone of Shijiazhuang. The detailed premise information is unknown.
http://www.lvmupaper.com/ The
design is professional and the content is well organized. At present the web
site is in English version.
Email: admin@lvmupaper.com
SC started normal operation in Dec. of 2011.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Dong Qingfeng 95
Huang Guangyue 5
Legal Representative,
Chairman and General Manager:
Mr. Dong Qingfeng, with university education. He is currently responsible for the overall management of SC.
Working
Experience(s):
At present Working in SC as legal representative, chairman
and general manager.
Supervisor:
Huang Guangyue
SC started normal operation in Dec. of 2011.
SC is mainly engaged in selling
paper products.
SC’s products mainly include: copy
paper, offset paper, etc.
SC
sources its materials 95% from domestic market and 5% from overseas market. SC
sells 100% of its products to overseas market.
The buying terms of SC include Check, T/T, L/C, and Credit
of 30-60 days. The payment terms of SC include T/T, L/C, Check and Credit of
30-60 days.
Note:
SC declined to release its major suppliers and clients.
SC is not known to have the subsidiary at present.
Overall payment appraisal:
( ) Excellent ( )
Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment and our debt collection record concerning SC.
Trade payment experience: SC did not
provide any name of trade/service suppliers and we have no other sources to
conduct the enquiry at present.
Delinquent
payment record: None in our database.
Debt collection record: No overdue amount
owed by SC was placed to us for collection within the last 6 years.
SC’s accountant
refused to release the bank details.
SC started normal
operation at the end of Yr2011, so its financial reports are not available at
present.
SC is considered small-sized in its line with a short
history.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.88 |
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UK Pound |
1 |
Rs.86.84 |
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Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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.