MIRA
INFORM REPORT
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Report Date : |
20.08.2014 |
IDENTIFICATION DETAILS
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Name : |
CHANGSHA TOPGLORY CHEMICAL CO., LTD. |
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Registered Office : |
Room 1106 Qianxi Huacheng, |
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Country : |
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Date of Incorporation : |
11.10.2005 |
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Com. Reg. No.: |
430102000045994 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Subject registered business scope includes selling
chemical products; importing and exporting commodities and technology. |
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No of Employees : |
7 |
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 : |
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 – June 01, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
Since the late 1970s
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Source
: CIA |
COMPANY NAME & ADDRESS
CHANGSHA TOPGLORY CHEMICAL CO., LTD.
ROOM 1106 QIANXI
HUACHENG, ANNEX NO.
FURONG DISTRICT,
TEL: 86 (0)
731-82330611
FAX: 86 (0)
731-82996028
EXECUTIVE SUMMARY
Date
of Registration : october 11,
2005
REGISTRATION
NO. : 430102000045994
LEGAL
FORM : Limited liabilities company
REGISTERED CAPITAL :
cny
500,000
staff :
7
BUSINESS CATEGORY :
trading
Revenue :
n/a (AS OF DEC. 31,
2013)
EQUITIES :
n/a (AS OF DEC. 31,
2013)
WEBSITE : www.sinotopglory.com
E-MAIL : jiajinlian@china.com
& jiajinlian@263.net
PAYMENT :
AVERAGE
MARKET CONDITION :
fair
FINANCIAL CONDITION :
n/a
OPERATIONAL TREND : ORDINARY
GENERAL
REPUTATION : average
EXCHANGE RATE :
CNY 6.15 = USD 1
Adopted abbreviations (as follows)
SC - Subject Company (the
company inquired by you)
N/A – Not available
CNY –
OPERATIONAL TREND & GENERAL
REPUTATION
This section aims at
indicating the relative positions of SC in respect of its operational trend
& general reputation
Operational Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not
known Not
yet be determined
Not yet
be determined
LEGAL STATUS & HISTORY
SC was established
as a limited liabilities company of PRC with State Administration of Industry
& Commerce (SAIC) under registration No.: 430102000045994 on October 11, 2005.
SC’s Organization Code Certificate No.:
78086229-2
SC’s Tax No.: 430102780862292
SC’s registered capital: cny 500,000
SC’s paid-in capital: cny 500,000
Registration Change Record:-
No significant changes of SC have been noted
in SAIC since its incorporation.
Current Co search indicates SC’s shareholders & chief executives are
as follows:-
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Name of Shareholder (s) |
% of Shareholding |
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Jia Jinlian |
97.5 |
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Jia Hongjun |
2.5 |
SC’s Chief Executives:-
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Position |
Name |
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Legal Representative, Chairman and General
Manager |
Jia Jinlian |
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Supervisor |
Jia Hongjun |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Jia Jinlian 97.5
Jia Hongjun 2.5
MANAGEMENT
Jia Jinlian, Legal
Representative, Chairman and General Manager
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Ø
Gender: F
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Working
experience (s):
At present, working in SC as legal representative, chairman
and general manager
Jia Hongjun,
Supervisor
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Ø
Gender: M
BUSINESS OPERATION
SC’s registered business scope includes selling chemical
products; importing and exporting commodities and technology.
SC is mainly
engaged in selling chemical products.
SC’s products
mainly include:
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1. Terpene aroma chemicals : |
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2. Peroxides: |
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3. Ferrous sulphate: |
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4.Gum rosin products: |
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SC sources its materials 100% from domestic market.
SC sells 60% of its products in domestic market, and 40% to overseas market,
mainly Southeast Asia, etc.
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.
*Major Client*
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Intl Flavors
Fragrances In
Staff & Office:
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SC is known
to have approx. 7 staff at
present.
SC rents an area
as its operating office, but the detailed information is unknown.
RELATED COMPANY
SC is not known to have any subsidiary at present.
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet be 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.
BANKING
Basic Bank
Bank of China
AC#: N/a
FINANCIALS
SC’s financials are not filed in local SAIC, and SC also refused to
release the details.
CONCLUSIONS
SC is considered small-sized in its line with 9 years business history.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.73 |
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UK Pound |
1 |
Rs.101.48 |
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Euro |
1 |
Rs.81.04 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
SMN |
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.