MIRA INFORM REPORT
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Report Date : |
13.06.2014 |
IDENTIFICATION DETAILS
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Name : |
TAIZHOU XINGCHENG CHEMPHARM CO., LTD. |
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Registered Office : |
Area B, 10/F, |
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Country : |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
20.10.2008 |
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Com. Reg. No.: |
331000000015142 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling Chemical
Raw Materials. |
company
name & address
taizhou xingcheng chempharm Co., Ltd.
area b, 10/f,
289 10 B
TEL: 86 (0) 576-88886292 FAX: 86 (0) 576-88225056
EXECUTIVE
SUMMARY
INCORPORATION DATE : oct. 20, 2008
REGISTRATION NO. : 331000000015142
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH :
5
REGISTERED CAPITAL : CNY 1,280,000
BUSINESS LINE : TRADING
TURNOVER :
CNY 0 (AS OF DEC. 31, 2008)
EQUITIES :
CNY 1,279,000 (AS OF DEC. 31, 2008)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION : FAIR
FINANCIAL CONDITION : FAIRly stable
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY
6.83 = USD 1
Adopted
abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY -
%2013-Jun-2014_files/image015.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 Oct. 20, 2008.
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 chemical raw materials (excluding hazardous products);
import and export goods and technology.
SC is mainly
engaged in selling chemical raw materials.
Mr. Lu Caigen has
been legal representative and chairman of SC since 2008.
SC is known
to have approx. 5 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Taizhou. The detailed information of
the premise is unspecified.
%2013-Jun-2014_files/image016.gif){kind=small}
http://www.xingchengchem.com/ The design is professional and the content is
well organized. At present it is in both Chinese and English versions.
Email: sales@xingchengchem.com monicamu@xingchengchem.com
%2013-Jun-2014_files/image017.gif){kind=small}
*To what extent is
your company affected by the current Credit Crisis?
SC’s management declined to make any comments.
Changes of its registered information:
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Date of change |
Item |
Before the change |
After the change |
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Shareholders |
Mou Hui 8%, Yang Xiaolan 8% |
present ones |
%2013-Jun-2014_files/image018.gif){kind=small}
MAIN
SHAREHOLDERS:
Name %
of Shareholding
Zhou Wenliang ID # 332601196611121413 10
Lu Caigen ID # 332601196902271438 90
%2013-Jun-2014_files/image019.gif){kind=small}
l
Chairman & General Manager:
Mr. Lu Caigen, born in 1969 with university education. He is currently
responsible for the overall management of SC.
Working Experience(s):
From 2008 to present Working in SC as chairman and general manager
%2013-Jun-2014_files/image020.gif){kind=small}
SC started its normal operation since Jan., 2009.
SC is mainly
engaged in selling chemical raw materials.
SC’s products
mainly include Anti-Cancer, Anti-AIDS, Antibiotics, Hormone, and so on.
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.
%2013-Jun-2014_files/image021.gif){kind=small}
SC
is not known to have any subsidiary at present.
%2013-Jun-2014_files/image022.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.
%2013-Jun-2014_files/image023.gif){kind=small}
Zhejiang Tailong Commercial Bank
AC#：6323301201080000502
Relationship:
%2013-Jun-2014_files/image024.gif){kind=small}
Balance Sheet (as of Dec. 31, 2008)
Unit: CNY’000
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Cash & bank |
1,280 |
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Inventory |
0 |
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Accounts
receivable |
0 |
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Other
receivables |
0 |
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Other current
assets |
0 |
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------------------ |
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Current assets |
1,280 |
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Fixed assets net
value |
0 |
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Projects under
construction |
0 |
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Long term
investment |
0 |
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Other assets |
0 |
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Total assets |
1,280 |
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============= |
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Short loans |
0 |
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Accounts payable |
0 |
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Other payable |
0 |
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Surcharge unpaid |
1 |
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Other current
liabilities |
0 |
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Current
liabilities |
1 |
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Long term
liabilities |
0 |
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Total
liabilities |
1 |
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Equities |
1,279 |
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------------------ |
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Total
liabilities & equities |
1,280 |
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Note: According to the official information from
local AIC, SC started its normal operation since Jan. of 2009;
therefore, its Income Statement is not available.
Important Ratios
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as
of Dec. 31, 2008 |
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*Current ratio |
1,280 |
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*Quick ratio |
1,280 |
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*Liabilities
to assets |
0.001 |
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*Net profit
margin (%) |
/ |
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*Return on
total assets (%) |
/ |
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*Inventory
/Turnover ×365 |
/ |
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*Accounts
receivable/Turnover ×365 |
/ |
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*Turnover/Total
assets |
/ |
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* Cost of goods
sold/Turnover |
/ |
Overall financial
condition of the SC: Fairly stable.
%2013-Jun-2014_files/image025.gif){kind=small}
SC is considered small-sized in its line with a short history.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.33 |
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1 |
Rs.99.68 |
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Euro |
1 |
Rs.80.30 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.