MIRA
INFORM REPORT
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Report Date : |
30.09.2014 |
IDENTIFICATION DETAILS
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Name : |
SHANGHAI HILTON
INTERNATIONAL TRADE CO., LTD. |
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Registered Office : |
Room 321, Building
6, Xiangteng International Building,
Lane 388, Pangu Road, Baoshan District, Shanghai City, 201900 p.r. |
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Country : |
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Date of Incorporation : |
04.04.2003 |
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Com. Reg. No.: |
310113000476727 |
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Legal Form : |
One-Person Limited Liability Company |
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Line of Business : |
Subject includes
wholesaling & retailing and purchase and sales commission of metals,
textiles, building materials, decoration materials, household appliances,
daily necessities, chemical raw materials (excluding dangerous goods and
special provisions), clothing, toys, hardware, electronic products; import
& export of goods and technology |
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No. of Employees : |
15 |
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 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 China
has moved from a closed, centrally planned system to a more market-oriented one
that plays a major global role - in 2010 China became the world's largest
exporter. Reforms began with the phasing out of collectivized agriculture, and
expanded to include the gradual liberalization of prices, fiscal
decentralization, increased autonomy for state enterprises, growth of the
private sector, development of stock markets and a modern banking system, and
opening to foreign trade and investment. China has implemented reforms in a
gradualist fashion. In recent years, China has renewed its support for
state-owned enterprises in sectors considered important to "economic
security," explicitly looking to foster globally competitive industries.
After keeping its currency tightly linked to the US dollar for years, in July
2005 China moved to an exchange rate system that references a basket of
currencies. From mid 2005 to late 2008 cumulative appreciation of the renminbi
against the US dollar was more than 20%, but the exchange rate remained
virtually pegged to the dollar from the onset of the global financial crisis
until June 2010, when Beijing allowed resumption of a gradual appreciation and
expanded the daily trading band within which the RMB is permitted to fluctuate.
The restructuring of the economy and resulting efficiency gains have
contributed to a more than tenfold increase in GDP since 1978. Measured on a
purchasing power parity (PPP) basis that adjusts for price differences, China
in 2013 stood as the second-largest economy in the world after the US, having
surpassed Japan in 2001. The dollar values of China's agricultural and
industrial output each exceed those of the US; China is second to the US in the
value of services it produces. Still, per capita income is below the world
average. The Chinese government faces numerous economic challenges, including:
(a) reducing its high domestic savings rate and correspondingly low domestic
consumption; (b) facilitating higher-wage job opportunities for the aspiring
middle class, including rural migrants and increasing numbers of college
graduates; (c) reducing corruption and other economic crimes; and (d)
containing environmental damage and social strife related to the economy's
rapid transformation. Economic development has progressed further in coastal
provinces than in the interior, and by 2011 more than 250 million migrant
workers and their dependents had relocated to urban areas to find work. One
consequence of population control policy is that China is now one of the most
rapidly aging countries in the world. Deterioration in the environment -
notably air pollution, soil erosion, and the steady fall of the water table,
especially in the North - is another long-term problem. China continues to lose
arable land because of erosion and economic development. The Chinese government
is seeking to add energy production capacity from sources other than coal and
oil, focusing on nuclear and alternative energy development. Several factors
are converging to slow China's growth, including debt overhang from its
credit-fueled stimulus program, industrial overcapacity, inefficient allocation
of capital by state-owned banks, and the slow recovery of China's trading
partners. The government's 12th Five-Year Plan, adopted in March 2011 and
reiterated at the Communist Party's "Third Plenum" meeting in
November 2013, emphasizes continued economic reforms and the need to increase
domestic consumption in order to make the economy less dependent in the future
on fixed investments, exports, and heavy industry. However, China has made only
marginal progress toward these rebalancing goals. The new government of
President XI Jinping has signaled a greater willingness to undertake reforms
that focus on China's long-term economic health, including giving the market a
more decisive role in allocating resources
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Source
: CIA |
Company name and address
SHANGHAI HILTON INTERNATIONAL TRADE CO., LTD.
Room 321, Building 6,
Xiangteng international building,
lane 388, Pangu Road,
Baoshan District,
Shanghai CITY, 201900
P.R. CHINA
TEL: 86 (0)
21-56608871
FAX: 86 (0)
21-56691922
EXECUTIVE SUMMARY
INCORPORATION DATE : APRIL 4, 2003
REGISTRATION NO. : 310113000476727
REGISTERED LEGAL FORM
: one-person limited liability company
CHIEF EXECUTIVE : Ms. yE DONGYING (chairman)
STAFF STRENGTH : 15
REGISTERED CAPITAL : cny 1,000,000
BUSINESS LINE : trading
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : UNKNOWN
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.13 = 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 April 4, 2003 and has been under present ownership since February, 2010.
Company Status: One-person
Limited Liability Co. 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 CNY 100,000. 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 wholesaling & retailing and purchase and sales commission of metals, textiles, building materials, decoration materials, household appliances, daily necessities, chemical raw materials (excluding dangerous goods and special provisions), clothing, toys, hardware, electronic products; import & export of goods and technology (with permit if needed).
SC is mainly engaged in trading of various kinds of products.
Ms. Ye Dongying has been legal representative, chairman and general manager of SC since 2003.
SC is known to have approx. 15 employees at present.
SC is currently operating at the above stated address, and this address houses its operating office in the commercial zone of Shanghai. Detailed information of the premise is unspecified.
http://sinohilton.com/ The design is professional and the content is well organized. At present it is only in English version.
E-mail: han_rz@yahoo.com.cn
Changes of its
registered information are as follows:
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Date of change |
Item |
Before the change |
After the change |
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Unknown |
Registered number |
3101132021667 |
310113000476727 |
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Registered name |
Shanghai Pingjin Metal Materials Co., Ltd. (in Chinese pinyin) |
Shanghai Hilton International Trade Co., Ltd. |
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Registered capital |
CNY 500,000 |
CNY 1,000,000 |
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Shareholders (Shareholding) |
Ye Dongying 40%, Liao Jinbiao 30%, Liao Jinping 30% |
Ye Dongying 20% Liao Jinbiao (40% Liao Jinping 15% Li Yan 25% |
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Shareholders (Shareholding) |
Ye Dongying 20% Liao Jinbiao 40% Liao Jinping 15% Li Yan 25% |
Ye Dongying 60% Li Yan 40% |
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Registered legal form |
Limited liabilities company |
One-person limited liability company |
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Shareholders (Shareholding) |
Ye Dongying 60% Li Yan 40% |
Ye Dongying 100% |
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Organization Code: 748789371
For the past two years there is no record of litigation.
MAIN SHAREHOLDERS:
Name % of Shareholding
Ye Dongying
ID# 33012619561124**** 100
Legal representative, chairman
and general manager:
Ms. Ye Dongying, ID# 33012619561124****, born in 1956. She is currently responsible for the overall management of SC.
Working Experience(s):
From 2003 to present Working in SC as legal representative, chairman and general manager
Also working in Shanghai Hilton International Trade Co., Ltd. No. 1 Branch as principal.
Supervisor:
Li Yan ID# 33052319790729****
Note: The contact person Jacky Han is the employee of SC.
SC is mainly engaged in trading of various kinds of products
SC’s products mainly include: building materials, machinery accessories and refrigerant, etc.
SC sources its materials 100% from domestic market. SC sells its products 100% to overseas market.
The buying terms of SC include T/T, Check, 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 major clients and suppliers.
Shanghai Hilton International Trade Co., Ltd. No. 1 Branch
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Incorporation Date:
Principal: Ye Dongying
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’s management refused to release any information of its suppliers and the trade reference was not available.
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.
China Construction Bank Baogang Sub-branch
AC#：31001517700056011948
Relationship: Normal.
SC’s management declined to release any financial information.
SC is considered small-sized in its line with 11 years development history. Taking into consideration of SC’s market conditions and development history, we would rate SC as an above average credit risk company. Credit dealings with SC should be confined into small amount at present.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.42 |
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1 |
Rs.99.72 |
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Euro |
1 |
Rs.77.93 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
NIS |
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.