MIRA
INFORM REPORT
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Report Date : |
10.12.2014 |
IDENTIFICATION DETAILS
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Name : |
beijing grain stock Co., Ltd. |
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Registered Office : |
15/f, Jingliang Building, No. 16, East Third Ring Middle Road, Chaoyang District, Beijing, 100022 Pr |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
29.12.2010 |
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Com. Reg. No.: |
110000013489357 |
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Legal Form : |
Shares Limited Company |
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Line of Business : |
Subject includes wholesaling prepackaged food (Food circulation
license validity period as of Nov. 1, 2015); purchasing grain; selling
agricultural and livestock products; investment and assets management;
enterprise management; import and export of goods, technologies and acting as
an agent for it; selling cereals, beans, potatoes, grease and oil, sugar and
feed. |
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No. of Employees : |
Not Available |
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 : |
Slow but correct |
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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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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A1 |
A1 |
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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 |
Since the late 1970s
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Source
: CIA |
Company Name and address
beijing grain stock Co., Ltd.
15/f, jingliang
building, no. 16, East Third Ring Middle Road,
chaoyang district,
beijing, 100022 PR CHINA
TEL: 86 (0)
10-51672099 FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : DEC. 29, 2010
REGISTRATION NO. : 110000013489357
REGISTERED LEGAL
FORM : SHARES LIMITED COMPANY
STAFF STRENGTH : n/a
REGISTERED CAPITAL : CNY 975,000,000
BUSINESS LINE : purchasing, storage and transportation & TRADING
TURNOVER : CNY 13,930,000,000 (AS OF DEC. 31, 2013)
EQUITIES : CNY 1,865,000,000 (AS OF DEC. 31, 2013)
PAYMENT : AVERAGE
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION
: fairly stable
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : well-known
EXCHANGE RATE : CNY 6.18 = 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: SC’s complete address should be the heading
one.
SC was registered as a Shares limited co. at
local Administration for industry & commerce (AIC - the official body of
issuing and renewing business license) on Dec. 29, 2010.
Company Status: Shares limited co. This form of business in PR China is defined as a legal
person. Its registered capital is divided into shares of equal par value
and the co. raises capital by issuing share certificates by promotion or by
public offer. Shareholders bear limited liability to the extent of
shareholding, and the co. is liable for its debts only to the extent of its
total assets. The co has independent property of legal person and enjoys
property rights of legal person. The
characteristics of the shares limited co. are as follows: The establishment of the co. requires at least two
promoters and no more than 200, half
of whom shall be domiciled in The minimum registered capital of a co. is CNY The board of directors must consist of five to nineteen
directors. If the co. raises capital by public offer, the promoters
must not subscribe less than 35% of the total shares. the promoters’ shares
are restricted to transfer- within one year of the offer. A state-owned enterprise that is restructured into a
shares limited co. must comply with the conditions & requirements
specified under the law & administrative rule.
SC’s registered business scope includes wholesaling prepackaged food
(Food circulation license validity period as of Nov. 1, 2015); purchasing
grain; selling agricultural and livestock products; investment and assets
management; enterprise management; import and export of goods, technologies and
acting as an agent for it; selling cereals, beans, potatoes, grease and oil,
sugar and feed.
SC is mainly engaged in purchasing, storage and transportation and
selling grains.
Mr. Wang Guofeng is legal
representative and chairman of SC at present.
SC’s management declined to disclose its staff strength.
SC is currently operating
at the above stated address, and this address houses its operating office in the
commercial zone of Beijing. The detailed information of the premise is
unspecified.
SC is not known to host website of its own
at present.
No significant events or changes were found
during our checks with the local Administration for Industry and Commerce.
Organization Code: 567455524
For the past two years there is no record of
litigation.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Beijing
State-owned Capital Operation and Management Center 17
Guokai Finance
Co., Ltd. 8
Beijing Grain
Group Co., Ltd. 67
Xinniurunying
(Tianjin) Equity Investment Fund Partnership (Limited partnership) 8
Beijing State-owned
Capital Operation and Management Center
=====================
Reg. no.:
110000011550542
Legal
representative: Lin Fusheng
Incorporation
date: 2008-12-30
Beijing Grain
Group Co., Ltd.
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Reg. no.:
110000000442360
Legal representative:
Wang Guofeng
Incorporation
date: 1999-06-11
l
Legal representative and Chairman:
Mr. Wang Guofeng, economist, born in 1962
with master’s degree. He is currently responsible for the overall management of
SC.
Working Experience(s):
At present Working in SC as legal representative and
chairman
l
General Manager:
Mr. Zhao Yanming is currently responsible
for the daily management of SC.
Working Experience(s):
At present Working in SC as general manager.
l
Directors:
Wang Zhigang
Zhou Zhaojin
Liu Zhanjun
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Supervisors:
Wang Shouye
Zhao Fengqi
Bo Shuxiang
SC is mainly engaged in purchasing, storage and transportation and
selling grains.
SC’s products mainly include: rice, flour, grease, etc.
Trademarks &
patens
Registration no.: 11241324
Registration date: 2014-2-28
Trademark design: 
Registration no.: 3989118
Registration date: 2006-11-14
Trademark design: 
Registration no.: 3989119
Registration date: 2006-11-14
Trademark design: 
Etc.
SC sources its
materials 80% from domestic market, and 20% from overseas market. SC sells 70%
of its products in domestic market, and 30% 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 Check, T/T, L/C
and Credit of 30-60 days.
Note: SC’s management declined to release
its customer and supplier details.
SC is known to have the following
subsidiaries:
Beijing Jingliang Xingye
Economic & Commerce Co., Ltd.
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Registered no.:
110105001939287
Legal representative: Wang Yide
Date of incorporation: 2001-02-08
Beijing Guchuan Edible Oil
Co., Ltd.
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Registered no.:
110000005641829
Legal
representative: Wang Chunli
Date of incorporation:
2003-04-16
Related
companies:
Beijing Yuanyisheng Cereals &
Oils Corporation
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Registered no.: 110116008738385
Legal representative: Xu Yongfeng
Date of incorporation: 1992-11-04
Beijing Guchuan Rice Co.,
Ltd.
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Registered no.: 110114001690842
Legal representative: Liu
Yazhou
Date of incorporation:
2000-09-26
Etc.
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.
Financial Information
Unit: CNY’000
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as of Dec. 31, 2013 |
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Total liabilities |
3,930,000 |
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Shareholders equities |
1,865,000 |
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Total Assets |
5,795,000 |
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Turnover |
13,930,000 |
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Net profit |
93,000 |
Note:
SC’s management declined to release its detailed financial information.
Important Ratios
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as of Dec. 31, 2013 |
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*Liabilities
to assets |
0.68 |
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*Net profit
margin (%) |
0.67 |
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*Return on
total assets (%) |
1.60 |
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*Turnover/Total
assets |
2.40 |
PROFITABILITY:
AVERAGE
l
The turnover of SC appears good in its line.
l
SC’s net profit margin is average.
l
SC’s return on total assets is average.
l
SC’s turnover is in a fairly good level, comparing with
the size of its total assets.
LEVERAGE:
AVERAGE
l
The debt ratio of SC is average.
l
The risk for SC to go bankrupt is average.
Overall financial
condition of the SC: Fairly stable.
SC has developed
for 4 years with fairly stable financial conditions
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.88 |
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1 |
Rs.96.90 |
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Euro |
1 |
Rs.76.29 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
NIT |
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.