MIRA
INFORM REPORT
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Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Room 010524, Lishi Luxemburg Mansion, No. 688, Siming Middle Road, Yinzhou District, Ningbo, Zhejiang Province, 315100 Pr |
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Country : |
China |
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Date of Incorporation : |
13.01.2010 |
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Com. Reg. No.: |
330204000061579 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Subject is
engaged in selling chemicals |
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No. of Employees : |
05 |
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 : |
Small 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
NINGBO HAILIN
CHEMICAL Co., Ltd.
room 010524, Lishi
Luxemburg Mansion, no. 688, siming middle road, yinzhou district, ningbo,
zhejiang PROVINCE, 315100 PR CHINA
TEL: 86 (0)
574-27973932/ 27973930 FAX: 86 (0)
574-88120530
EXECUTIVE SUMMARY
INCORPORATION DATE : january 13, 2010
REGISTRATION NO. : 330204000061579
REGISTERED LEGAL FORM : Limited liabilities
company
STAFF STRENGTH :
5
REGISTERED CAPITAL : CNY 2,000,000
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 6.30 = 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
Note: the given address is SC’s registered address, while SC is operating at the heading address.
SC was registered as a limited liabilities company at local Administration
for Industry & Commerce (AIC - The official body of issuing and renewing
business license) on January 13, 2010.
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 wholesale and retail of chemical products and raw materials,
textiles, daily necessities, building materials, decorative materials,
computers and accessories, electrical and mechanical equipment, electrical
appliances, electronic components, auto parts, metal products, mineral
products, handicrafts, plastic products, toys, stationery, cosmetics, hardware,
electronic products, the first class of medical equipment, agricultural and
livestock products; operating and acting as an agent of importing and exporting
various kinds of commodities and technology, excluding the goods forbidden by
the government.
SC is mainly
engaged in selling chemicals.
Mr. Jin Zhibing
has been chairman and legal representative of SC since 2010.
SC is known to
have approx. 5 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Ningbo. Our checks reveal that SC
rents the total premise, but the gross area is unspecified.
http://www.hailinchem.com The design is
professional and the content is well organized. At present it is in both
Chinese and English versions.
Email: info@hailinchem.com
SC started its normal operation in November of 2010.
Changes
of its registered information are as follows:
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Date of change |
Item |
Before the
change |
After the change |
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Registered capital |
CNY 500,000 |
Present amount |
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Company name |
Ningbo Jiangdong Hailinjinhua
Import And Export Trade Co., Ltd. |
Present one |
MAIN SHAREHOLDERS:
Name %
of Shareholding
Jin Zhibing 90
Chu Haibo 10
Legal
Representative, Chairman and General Manager:
Mr. Jin Zhibing, ID# 340824197612042012, 36 years old, with university education. He is currently responsible for the overall management of SC.
Working
Experience(s):
From 2010 to present Working
in SC as legal representative, chairman and general manager
Supervisor:
Chu Haibo ID# 34082419821019523X
SC is mainly
engaged in selling chemicals.
SC started its
normal operation in November of 2010.
SC’s products
mainly include: monoethanolamine, bisphenol-A, methyl tertiary butyl ether,
tetrahydrofuran and etc.
SC sources its materials 100% from domestic market,
mainly Zhejiang. SC sells 100% of its products to overseas market, mainly USA,
Europe and Southeast Asian market.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include L/C and Credit of 30-60 days.
Note: SC declined to release its major suppliers and clients.
SC
is not known to have any 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 management
declined to release its bank details.
SC’s financial
reports were not found during our checks with the local Administration for
Industry and Commerce.
SC’s management declined to release any financial information.
SC is considered small-sized in its line with a short
history. Credit dealings with SC should be confined into small amount at present.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.93 |
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UK Pound |
1 |
Rs.88.12 |
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Euro |
1 |
Rs.70.87 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
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.