MIRA INFORM REPORT
|
Report Date : |
20.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHANDONG HAITIAN BIOCHEMICAL CO., LTD. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
12.09.2003 |
|
|
|
|
Com. Reg. No.: |
370786018624522 |
|
|
|
|
Legal Form : |
One-Person Limited Liability Company |
|
|
|
|
Line of Business : |
producing and Selling Biochemical Products. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
name & address
SHANDONG HAITIAN
BIOCHEMICAL CO., LTD.
TEL:
0086-536-7857066 FAX: 0086-536-7857258
EXECUTIVE SUMMARY
INCORPORATION DATE : SEP. 12, 2003
REGISTRATION NO. : 370786018624522
REGISTERED LEGAL
FORM : ONE-PERSON LIMITED LIABILITY COMPANY
CHIEF EXECUTIVE : MR. WANG GANG (CHAIRMAN)
STAFF STRENGTH : 1,500
REGISTERED CAPITAL :
CNY 1,369,116,810
BUSINESS LINE : MANUFACTURING
TURNOVER : N/A (AS OF DEC.
31, 2007)
EQUITIES : CNY
1,342,981,000 (AS OF DEC. 31, 2007)
PAYMENT : AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : FAIRLY STABLE
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.83252 = USD
1
Adopted abbreviations
ANS - amount not
stated
NS - not stated
SC - subject company
(the company inquired by you)
NA - not available
CNY -
%2020-Oct-2012_files/image012.gif){kind=small}
SC was registered as
a Limited liability company at local Administration for Industry
& Commerce (AIC - The official body of issuing and renewing business
license) on Sep. 12, 2003 and has been under present ownership since 2007.
Company Status: One-person Limited Liability Company Single person LLC refers to a
limited liability company set up by only one natural person or legal person
as the single shareholder of it. The minimum registered capital
of Single person LLC is CNY100,000. The shareholder’s capital contributes,
as set out by the articles of associations should be a lump-sum payment in
full. One natural person can only
invest in and set up one limited liability company, which is not permitted to
invest in and set up a new Single person LLC. As to any one-person limited
liability company, the sole-investor nature of the natural person or legal
person shall be indicated in the registration documents of the company and
shall be indicated in the business license thereof as well. The regulation of Single person
LLC should be set up by the shareholder The regulation of Single person
LLC has no shareholder meeting.
SC’s registered
business scope includes producing and selling industrial soda, sodium
bicarbonate, sodium metasilicate and calcium chloride; importing and exporting commodities and
technologies, excluding export commodities limited or prohibited by the state.
SC is mainly engaged in producing and selling
biochemical products.
Mr. Wang Gang has been legal representative
and chairman of SC since 2007.
SC is known to
have approx. 1,500 employees at present.
SC is currently
operating at the above stated address, and this address houses its operating office
and factory in the industrial zone of Changyi. Our checks reveal that SC rents
the total premise, but SC’s accountant refused to release the gross area of the
premise.
%2020-Oct-2012_files/image013.gif){kind=small}
SC is not known to
host website of its own at present.
%2020-Oct-2012_files/image014.gif){kind=small}
|
Date of change |
Item |
Before the
change |
After the
change |
|
|
Legal
representative |
Wang Gang |
Liu Shijun |
|
Shareholders (Shareholding) |
Jinjing (Group)
Co., Ltd. 90%), |
Jinjing (Group)
Co., Ltd. (5%), Liu Shijun (35%), |
|
|
|
Legal
representative |
Liu Shijun |
Wang Gang |
|
Shareholders (Shareholding) |
Jinjing (Group)
Co., Ltd. (5%), Liu Shijun (35%), |
Jinjing (Group)
Co., Ltd. (90%), Zibo Zhongqi Building Materials Co., Ltd. (10%) |
|
|
|
Legal
representative |
Wang Gang王刚 |
Zhu Yongqiang朱永强 |
|
|
Shareholders (Shareholding) |
Jinjing (Group)
Co., Ltd. (90%), Zibo Zhongqi Building Materials Co., Ltd. (10%) |
Jinjing (Group)
Co., Ltd. (39%), Zibo Zhongqi
Building Materials Co., Ltd. (10%), Shandong Jinjing Science & Technology Stock Co., Ltd. (51%) |
|
|
Shareholders (Shareholding) |
Jinjing (Group)
Co., Ltd. (39%), Zibo Zhongqi Building Materials Co., Ltd. (10%), Shandong
Jinjing Science & Technology Stock Co., Ltd. (51%) |
Shandong Jinjing
Science & Technology Stock Co., Ltd. 51%), Dongying Chunxing Salt Chemical Co., Ltd. (49%) |
|
|
Registered capital |
CNY 80,000,000 |
CNY 400,000,000 |
|
Shareholders (Shareholding) |
Shandong Jinjing
Science & Technology Stock Co., Ltd. (51%), Dongying Chunxing Salt Chemical Co., Ltd. (49%) |
Shandong Jinjing
Science & Technology Stock Co., Ltd. (90.2%), Dongying Chunxing Salt Chemical
Co., Ltd. (9.8%) |
|
|
|
Registered capital |
CNY 400,000,000 |
CNY 1,369,116,810 |
|
|
Shareholders (Shareholding) |
Shandong Jinjing
Science & Technology Stock Co., Ltd. (90.2%), Dongying Chunxing Salt Chemical
Co., Ltd. (9.8%) |
Shandong Jinjing
Science & Technology Stock Co., Ltd. (97.14%), Dongying Chunxing Salt Chemical Co., Ltd. (2.86%) |
|
|
Legal
representative |
Zhu Yongqiang |
Wang Gang |
|
|
Shareholders (Shareholding) |
Shandong Jinjing
Science & Technology Stock Co., Ltd. (97.14%), Dongying Chunxing Salt Chemical
Co., Ltd. (2.86%) |
Shandong Jinjing
Science & Technology Stock Co., Ltd. (100%) |
|
Legal form |
Limited liability
company |
One-person Limited Liability Company |
%2020-Oct-2012_files/image015.gif){kind=small}
MAIN SHAREHOLDERS:
Name %
of Shareholding
Shandong Jinjing Science & Technology Stock Co., Ltd. 100
Shandong Jinjing Science & Technology Stock Co., Ltd. is a listed
company in Shanghai Stock Exchange Market with the code of 600586.
INCORPORATION DATE : Dec. 31, 1999
REGISTRATION NO. : 3700001804915
REGISTERED LEGAL
FORM : SHARES LIMITED CO.
CHIEF EXECUTIVE : Mr. Wang Gang (chairman)
REGISTERED CAPITAL : CNY 590,083,700
Add: Wangzhuang,
Tel: 0533-3586666
%2020-Oct-2012_files/image016.gif){kind=small}
l
Legal
representative and
chairman:
Mr. Wang Gang, born in
1960 with MBA Degree. He is currently responsible for the overall management of
SC.
Working Experience(s):
From 2007 to present Working in SC as chairman and legal representative.
Also working in Shandong Jinjing Science & Technology Stock Co., Ltd. as chairman and legal representative.
%2020-Oct-2012_files/image017.gif){kind=small}
SC is mainly engaged in producing and selling
biochemical products.
SC’s products mainly
include: industrial soda, sodium bicarbonate, sodium metasilicate and calcium chloride.
SC sources its
materials 90% from domestic market and 10% from the overseas market. SC sells
30% of its products to overseas market
and 70% in domestic market.
The buying terms of
SC include Check, L/C, 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.
%2020-Oct-2012_files/image018.gif){kind=small}
SC is not known to have
any subsidiary at present.
%2020-Oct-2012_files/image019.gif){kind=small}
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.
%2020-Oct-2012_files/image020.gif){kind=small}
SC declined to release its banking details.
%2020-Oct-2012_files/image021.gif){kind=small}
Financial summary
Unit: CNY’000
|
|
as of Dec. 31, 2007 |
|
Total assets |
1,462,344 |
|
Total liabilities |
119,363 |
|
Equities |
1,342,981 |
|
Total liabilities & equities |
1,462,344 |
|
|
|
|
Profits |
-7,617 |
Important Ratios
=============
|
|
as of Dec. 31, 2007 |
|
*Liabilities to assets |
0.08 |
|
*Return on total assets (%) |
-0.52 |
Overall financial condition of the SC: Fairly
stable.
%2020-Oct-2012_files/image022.gif){kind=small}
SC is considered
large-sized in its line with a development history of 6 years.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.96 |
|
UK Pound |
1 |
Rs.85.45 |
|
Euro |
1 |
Rs.69.46 |
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 |
|
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 |
|
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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.