MIRA
INFORM REPORT
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Report Date : |
30.05.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Lanshuqiao Development Zone, |
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Country : |
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Date of Incorporation : |
29.12.2000 |
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Com. Reg. No.: |
441226000004975 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
manufacturing and selling ventilation equipment |
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No. of Employees : |
700 |
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
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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
GUANGDONG ZHAOQING
DETON CO., LTD.
LANSHUQIAO
DEVELOPMENT ZONE, XINXU TOWN, DEQING COUNTY,
ZHAOQING, GUANGDONG
PROVINCE 526600 PR CHINA
TEL: 86 (0)
758-7787650/7787212 FAX: 86 (0)
758-7787112
EXECUTIVE SUMMARY
INCORPORATION DATE : DEC. 29, 2000
REGISTRATION NO. : 441226000004975
REGISTERED LEGAL FORM : LIMITED LIABILITIES
COMPANY
STAFF STRENGTH :
700
REGISTERED CAPITAL : CNY 10,000,000
BUSINESS LINE :
manufacturing
TURNOVER : N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : 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 Ren Min Bi
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 Dec. 29, 2000.
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 manufacturing, purchasing and
selling fans, blowers, exhaust fans, motors, steel, spare parts, generators,
centrifugal pumps, blowers, industrial smoke machines, pneumatic transfer unit,
refrigeration equipment and machinery, health devices and equipment, water
purification equipment, and import and export business; import and export of
overseas investment machinery and equipment, instruments, spare parts and
technology.
SC is mainly
engaged in manufacturing and selling ventilation equipment.
Chen Xueling is
the legal representative and chairman of SC at present.
SC is known
to have approx. 700 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office and factory in the development zone of Deqing County. Our
checks reveal that SC covers an area of 150,000 square
meters.
http://www.detonfan.com/
The design
is professional and the content is well organized. At present it is in Chinese
and English versions.
Email: deton@detonfan.com
No significant events were found during our checks with local AIC.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Li Guoxing 3
Chen Xueling
97
Legal
representative and Chairman:
Chen Xueling is currently responsible for the overall management of SC.
Working Experience(s):
At present Working in SC as legal representative and chairman
Supervisor:
…………..
Xie Jinjie
Director:
…………
Li Guoxing
SC is mainly
engaged in manufacturing and selling ventilation equipment.
SC’s products
mainly include: DTC series forward curved centrifugal fan, DT series low noise centrifugal
ventilator, RPZ series Hi-temperature-resistant axial fan, 13-48-A centrifugal
fan special for oil-air purifying ventil, etc.
SC sources its
materials 100% from domestic market. SC sells 30% of its products to the
overseas market, and 70% in domestic market.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include Check, T/T, L/C and Credit of 30-60 days.
Note:
SC’s management declined to release its major clients and suppliers.
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 banking information.
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 medium-sized in its line with a development history of
12 years.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.58 |
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UK Pound |
1 |
Rs.87.14 |
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Euro |
1 |
Rs.69.73 |
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.