MIRA INFORM REPORT
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Report No. : |
352112 |
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Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
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Name : |
QINGDAO NEW HOPE IMPORT & EXPORT CO LTD. |
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Registered Office : |
Room 304, Building 6, No. 75 Tongde Road, Shibei District Qingdao, Shandong Province 266001 Pr |
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Country : |
China |
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Date of Incorporation : |
12.06.2012 |
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Com. Reg. No.: |
370203230085079 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject engaged in importing and exporting goods and
technology; wholesale of hardware, chemical products, textiles, garments and accessories,
handicrafts, ceramics, stationery, daily necessities, toys, furniture,
cosmetics, plastic products, computers and accessories, building materials,
sanitary ware, steel, wood, mechanical and electrical equipment. |
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No. of Employee : |
4 |
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 : |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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China |
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 |
Company
name and address
QINGDAO NEW HOPE
IMPORT & EXPORT CO LTD.
ROOM 304, BUILDING 6, NO. 75 TONGDE ROAD, SHIBEI DISTRICT
QINGDAO, SHANDONG PROVINCE 266001 PR CHINA
TEL: 86 (0) 13583254162/532-68893521
FAX: 86 (0) 532-68893521
EXECUTIVE
SUMMARY
Date of Registration :
JUNe 12, 2012
REGISTRATION NO. :
370203230085079
LEGAL FORM : Limited Liability Company
CHIEF EXECUTIVE : jia shuzhen (LEGAL REPRESENTATIVE)
REGISTERED CAPITAL : CNY 100,000
staff :
4
BUSINESS CATEGORY : TRADING
Revenue :
N/A
EQUITIES :
N/A
WEBSITE : www.newhopecompany.com
E-MAIL :
chrisgao2006@gmail.com
PAYMENT :
AVERAGE
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIR
GENERAL REPUTATION :
FAIR
EXCHANGE RATE :
CNY 6.39 = USD 1
Adopted
abbreviations (as follows)
SC - Subject Company (the
company inquired by you)
N/A – Not available
CNY – China Yuan Ren Min Bi
OPERATIONAL
TREND & GENERAL REPUTATION
This
section aims at indicating the relative positions of SC in respect of its
operational trend & general reputation
Operational
Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly
Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not
known Not
yet be determined
Not
yet be determined
LEGAL
STATUS & HISTORY
SC
was established as a limited liabilities company of PRC with State
Administration of Industry & Commerce (SAIC) under registration No.: 370203230085079 on June 12, 2012.
SC’s Organization Code Certificate No.: 59529316-3
SC’s Tax No.: 370203595293163
SC’s registered capital: CNY
100,000
SC’s paid-in capital: CNY 100,000
Registration Change Record:-
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Date |
Change of Contents |
Before the change |
After the change |
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2015-8-18 |
Shareholder (s) (% of Shareholding) |
Jia Shuzhen 20% Gao Youben 40% Liu Meixiang 40% |
Jia Shuzhen 60% Liu Meixiang 40% |
Current Co search indicates SC’s shareholders & chief
executives are as follows:-
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Name of Shareholder (s) |
% of Shareholding |
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Jia Shuzhen |
60 |
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Liu Meixiang |
40 |
SC’s Chief Executives:-
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Position |
Name |
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Legal Representative and Chairman |
Jia Shuzhen |
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General Manager |
Zhan Xiaodong |
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Supervisor |
Liu Meixiang |
RECENT
DEVELOPMENT
No
recent development was found during our checks at present.
SHAREHOLDER
CHART & BACKGROUND
Name %
of Shareholding
Jia
Shuzhen 60
Liu
Meixiang 40
MANAGEMENT
Jia Shuzhen, Legal Representative and Chairman
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Gender:
F
Qualification:
University
Working
experience (s):
At
present, working in SC as legal representative and chairman
Zhan Xiaodong, General
Manager
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Gender:
M
Qualification:
University
Working
experience (s):
At
present, working in SC as general manager
Supervisor
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Liu
Meixiang
BUSINESS
OPERATION
SC’s registered business scope includes importing and exporting
goods and technology; wholesale of hardware, chemical products, textiles,
garments and accessories, handicrafts, ceramics, stationery, daily necessities,
toys, furniture, cosmetics, plastic products, computers and accessories, building
materials, sanitary ware, steel, wood, mechanical and electrical equipment.
SC
is mainly engaged in international trade.
SC’s
products mainly include: fruits and vegetables.
SC sources its products 100% from domestic market, mainly Shandong. SC sells 100% of its products to overseas market.
The
buying terms of SC include Check, T/T and Credit of 30-60 days. The payment
terms of SC include L/C and Credit of 30-60 days.
Staff & Office:
--------------------------
SC is
known to have approx. 4
staff at present.
SC
rents an area as its operating office, but the detailed information is unknown.
RELATED
COMPANY
SC
is not known to have any subsidiary at present.
PAYMENT
Overall payment appraisal:
(
) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet be 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.
BANKING
Basic Bank:
Bank of China Qingdao Branch
AC#: 236415324409
FINANCIALS
The financials of SC is not available in local SAIC, and SC
also refused to release the details.
CONCLUSIONS
SC
is considered small-sized in its line with a development history of 3 years.
Great caution is required in providing credit to SC and C.O.D. is recommended.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.81 |
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1 |
Rs.100.37 |
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Euro |
1 |
Rs.70.68 |
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CNY |
1 |
Rs.10.40 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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HEE |
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Report Prepared
by : |
TRU |
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.