MIRA
INFORM REPORT
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Report Date : |
19.12.2014 |
IDENTIFICATION DETAILS
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Name : |
BEIJING BIOSEEN
CROP SCIENCES CO., LTD. |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
25.09.2008 |
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Com. Reg. No.: |
110111011361225 |
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Legal Form : |
One-Person
Limited Liability Company |
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Line of Business : |
Subject includes technology promotion; sales of middle-low toxic
pesticides, fertilizers, chemical products |
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No. of Employees : |
13 |
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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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 |
Since the late 1970s
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Source
: CIA |
Company Name and address
BEIJING BIOSEEN
CROP SCIENCES CO., LTD.
NO. 8 ZHENGTONG ROAD, LIANGXIANG, FANGSHAN
DISTRICT,
BEIJING, 102401 PR CHINA
TEL: 86 (0) 10-88824345/89362517-607 FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : SEP. 25, 2008
REGISTRATION NO. : 110111011361225
REGISTERED LEGAL FORM : ONE-PERSON LIMITED LIABILITY COMPANY
CHIEF EXECUTIVE : MS. JIANG QINGUI (CHAIRMAN)
STAFF STRENGTH : 13
REGISTERED CAPITAL : CNY
5,000,000
BUSINESS LINE : TRADING
TURNOVER : CNY 62,460,000 (AS OF DEC. 31, 2013)
EQUITIES : CNY 3,810,000
(AS OF DEC. 31, 2013)
PAYMENT : AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : FAIRLY STABLE
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.2137 = 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 correct name should be the heading one.
SC was registered as one-person limited
liability company at local Administration for Industry & Commerce (AIC - The
official body of issuing and renewing business license) on Sep. 25, 2008.
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
technology promotion; sales of middle-low toxic pesticides, fertilizers,
chemical products (excluding hazardous chemicals); import and export of goods
and technology, import and export agent.
SC is mainly engaged in selling pesticides.
Ms. Jiang Qingui has been the legal
representative and chairman of SC since Dec., 2013.
SC is known to have approx. 13 employees at
present.
SC is currently operating
at the above stated address, and this address houses its operating office in
Beijing. SC’s employee refused to release the detailed information of the
premise.
The other address: A706,
International Finance and Economy Center, No. 87, West Three Ring North Road,
Haidian District, Beijing
http://www.bioseen.cn/en/home.aspx (http://www.yoloo.cn/en/home.aspx
) The website includes the introduction about SC. The design is professional and
the content is well organized. At present it is only in English version.
E-mail: sinobioseen@Chinabioseen.com
Changes of its registered information:
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Date of change |
Item |
Before the change |
After the change |
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2011-03-28 |
Company’s
name |
Beijing Yoloo International Nongzi Trade
Co., Ltd. (in Chinese pinyin) |
Present one |
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2012-12-12 |
Registered
capital |
CNY
1,000,000 |
Present
amount |
|
2013-12-2 |
Legal
representative |
Lu Xiaoyan |
Present one |
Subject passed the annual inspection of 2012 with
Administration for Industry & Commerce.
Organization Code: 680460026
There is no record of litigation till
now.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Beijing Yoloo Bio-Technology Corp., Ltd. 100
Registration no.:
110112002772285
Registered
capital: CNY 103,345,000
Legal representative: Jiang Qinjun
Incorporation
date: 2001-06-22
Tel:
010-89363923/89363832
Fax: 010-89360213
l
Legal representative and chairman:
Ms. Jiang Qingui is currently responsible for the overall management of SC.
Working Experience(s):
From Dec., 2013 to present Working in SC as chairman
and legal representative.
Also working in Beijing Anlu Dier Technology
Co., Ltd. (in Chinese pinyin) as legal representative, and in Beijing Yoloo
Bio-Technology Corp., Ltd. as director.
l
General manager:
Mr. Xiao Lifeng is currently responsible for
the daily management of SC.
Working Experience(s):
At present Working in SC as general manager.
Also working in Beijing Huadajie
Biotechnology Co., Ltd. (in Chinese pinyin) as legal representative.
l
Supervisor:
Kang We
SC is mainly engaged in selling pesticides.
SC’s products mainly include:
Chemical Pesticides
Animal Health
Bio-Pesticides
SC sources its materials 100% from domestic
market. SC sells 20% of its products in domestic market, and 80% to overseas 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 refused to release its
main suppliers and clients.
Beijing Anlu Dier Technology Co., Ltd. (in
Chinese pinyin)
============================
Registration no.: 110108009033505
Legal representative: Jiang Qingui
Incorporation date: 2005-11-08
Beijing Huadajie Biotechnology Co., Ltd. (in
Chinese pinyin)
============================
Registration no.: 110108017108751
Legal representative: Xiao Lifeng
Incorporation date: 2014-04-28
Mudanjiang Bioseen Bio-Technology Co., Ltd.
===============================
Registration no.: 231000100099976
Legal representative: Jiang Qinjun
Incorporation date: 2009-11-17
http://www.bioseen.cn/ko/home.aspx
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 declined to release its banking details.
Balance Sheet
Unit: CNY’000
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As of Dec. 31, 2013 |
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Cash & bank |
990 |
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Inventory |
1,070 |
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Accounts receivable |
4,240 |
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Bills receivable |
0 |
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Other Accounts receivable |
1,010 |
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Advances to suppliers |
2,260 |
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To be apportioned expense |
0 |
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Other current assets |
510 |
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------------------ |
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Current assets |
10,080 |
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Fixed assets net value |
10 |
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Long-term investment |
0 |
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Intangible and other assets |
0 |
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------------------ |
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Total assets |
10,090 |
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============= |
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Short loans |
0 |
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Accounts payable |
2,490 |
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Advance from customers |
0 |
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Accrued payroll |
150 |
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Other Accounts payable |
3,620 |
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Notes payable |
0 |
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Taxes payable |
20 |
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Withdraw the expenses in advance |
0 |
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Other current liabilities |
0 |
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------------------ |
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6,280 |
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Long term liabilities |
0 |
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Other liabilities |
0 |
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------------------ |
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Total liabilities |
6,280 |
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Equities |
3,810 |
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------------------ |
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10,090 |
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============= |
Income Statement
Unit: CNY’000
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As of Dec.
31, 2013 |
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Turnover |
62,460 |
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Cost of goods sold |
58,020 |
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Taxes and additional of main operation |
10 |
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Sales expense |
4,660 |
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Management expense |
110 |
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Finance expense |
810 |
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Non-operating income |
480 |
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Non-operating expense |
0 |
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Profit before tax |
-660 |
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Less: profit tax |
0 |
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Profits |
-660 |
Important Ratios
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As of Dec. 31, 2013 |
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*Current
ratio |
1.61 |
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*Quick
ratio |
1.43 |
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*Liabilities
to assets |
0.62 |
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*Net profit
margin (%) |
-1.06 |
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*Return on
total assets (%) |
-6.54 |
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*Inventory
/Turnover ×365 |
7 days |
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*Accounts
receivable/Turnover ×365 |
25 days |
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*Turnover/Total
assets |
6.19 |
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* Cost of
goods sold/Turnover |
0.93 |
PROFITABILITY:
FAIR
l
The turnover of SC appears average in its line.
l
SC’s net profit margin is fair.
l
SC’s return on total assets is fair.
l
SC’s cost of goods sold is fairly high, comparing
with its turnover.
LIQUIDITY:
AVERAGE
l
The current ratio of SC is maintained in a normal level.
l
SC’s quick ratio is maintained in a normal level.
l
The inventory of
SC is maintained in an average level.
l
The accounts receivable of SC appears average.
l
SC has no short-term loan in 2013.
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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 is considered small-sized in its line 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.63.32 |
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|
1 |
Rs.98.68 |
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Euro |
1 |
Rs.78.11 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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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.