MIRA
INFORM REPORT
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Report Date : |
25.11.2014 |
IDENTIFICATION DETAILS
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Name : |
TYPICAL INTERNATIONAL CORPORATION |
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Registered Office : |
No. 335, |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
07.08.2003 |
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Com. Reg. No.: |
610100100111669 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Mainly Engaged in Selling Industrial Sewing Machines |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 1, 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 |
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
TYPICAL INTERNATIONAL CORPORATION
No. 335, south taibai road, yanta district,
xi’an,
shaanxi PROVINCE, 710068 PR CHINA
TEL: 86 (0) 29-88279150
FAX: 86 (0) 29-88245215
EXECUTIVE SUMMARY
INCORPORATION DATE : Aug. 7, 2003
REGISTRATION NO. :
610100100111669
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
CHIEF EXECUTIVE : MR. chen jinshan (CHAIRMAN)
STAFF STRENGTH : N/A
REGISTERED CAPITAL :
CNY 10,000,000
BUSINESS LINE : trading
TURNOVER : N/A
EQUITIES : CNY -10,412,000 (AS OF DEC. 31, 2013)
PAYMENT : AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION :
FAIR
OPERATIONAL TREND :
FAIR
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY
6.14 = 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
SC was registered as a limited liabilities co. at local
Administration for industry & commerce (AIC - the official body of issuing
and renewing business license) on Aug. 7, 2003.
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 import
and export of various goods and technologies, excluding the goods
forbidden by the government; repairing sewing equipment.
SC is mainly engaged in selling industrial sewing machines.
Mr. Chen Jinshan is legal representative, chairman and general manager
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
Xi’an. 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: 75022162-X
See below for SC as executive party (defendant).
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Executed
Party |
SC |
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Court |
Ningbo Intermediate People's Court |
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Date
of Case |
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Case
Number |
(2011) 00329 |
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Claim
Amount |
RMB 50,000 |
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Case
Status |
Completed |
Remark: Due to the lack of information, we are
unable to provide the cause of action, judgment or other information.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Xi'an Typical Industries Co., Ltd. 80
Typical Sewing Machine Wanping Machinery Co., Ltd. 20
Xi'an Typical Industries Co., Ltd.
========================
Registered no.: 610100100082521
Chairman: Geng Liping
Date of incorporation: May 28, 1999
The company is a listed company in Shanghai Stock Exchange Market with
the code of 600302.
Tel: 029-88279352
Fax: 029-88263001
Web: http://www.chinatypical.com/
E-mail: typical@chinatypical.com
Typical Sewing Machine Wanping Machinery Co., Ltd.
========================================
Reg. no.: 320584000000411
Incorporation date:
Legal representative: Zhu Yin
Web: http://www.typicalwpchina.com/
Tel: +86-512-63391627
+86-512-63393601
Fax: +86-512-63391371
+86-512-63391627
Legal
representative, Chairman and General manager:
Mr. Chen Jinshan, born in 1975, 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, chairman and general manager
Also working in Xi’an Typical Industries Co.,
Ltd. as vice-general manager
Directors:
Gao Bo
Cheng Weiping
Supervisors:
Yang Hua
Zheng Xuan
SC is mainly engaged in selling industrial sewing machines.
SC’s products mainly include: industrial sewing machines.
SC sources its materials 90% from domestic market, and 10%
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.
Wujiang Wanping Casting Co., Ltd.
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Registered no.: 320584000003448
Date of incorporation:
Legal representative:
Xi’an Typical Precision Manufacturing Co., Ltd.
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Registered no.: 610115100007393
Date of incorporation: Dec. 28, 2010
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 |
140,602 |
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Shareholders equities |
-10,412 |
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Total Assets |
130,190 |
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Net profit |
1,395 |
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 |
1.08 |
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*Return on total assets (%) |
1.07 |
PROFITABILITY:
AVERAGE
SC’s return on total assets is average.
LEVERAGE: FAIR
The debt ratio of SC is too high.
The risk for SC to go bankrupt is above average.
Overall financial condition of the SC: Fair.
SC has developed for 11 years with fair 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.61.78 |
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UK Pound |
1 |
Rs.96.78 |
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Euro |
1 |
Rs.76.59 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
SHG |
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.