MIRA INFORM REPORT
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Report No. : |
351958 |
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Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
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Name : |
QINGDAO WANRUNDA RUBBER TECHNOLOGY CO., LTD. |
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Registered Office : |
Room 403/407, Mizhou Building, No. 66 Dongjing Road, Qingdao Free Trade Zone, Qingdao, Shandong Province 266555 Pr |
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Country : |
China |
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Date of Incorporation : |
11.04.2014 |
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Com. Reg. No.: |
370220230024741 |
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Legal Form : |
Limited Liabilities Co. |
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Line of Business : |
Research and development of rubber and its products; International
trade, entrepot trade, trade between the enterprises, processing, collate, and
related business agent consulting; self-management and agent import and
export of all kinds of goods and technology. (with permit if needed) |
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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 : |
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 & address
QINGDAO WANRUNDA RUBBER TECHNOLOGY CO., LTD.
ROOM 403/407, MIZHOU BUILDING, NO. 66 DONGJING ROAD, QINGDAO FREE TRADE
ZONE, QINGDAO, SHANDONG PROVINCE 266555 PR CHINA
TEL: 86
(0) 13173217889 FAX: N/A
EXECUTIVE
SUMMARY
INCORPORATION DATE :
APR. 11, 2014
REGISTRATION NO. :
370220230024741
REGISTERED LEGAL FORM : LIMITED LIABILITIES CO.
CHIEF EXECUTIVE :
SUI LIHUA (LEGAL
REPRESENTATIVE)
STAFF STRENGTH :
N/A
REGISTERED CAPITAL : CNY 5,000,000
BUSINESS LINE :
TRADING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
CNY 6.3979 = 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 Ren Min Bi
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 Apr. 11, 2014.
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: Research and development of
rubber and its products; International trade, entrepot trade, trade between the
enterprises, processing, collate, and related business agent consulting;
self-management and agent import and export of all kinds of goods and
technology. (with permit if needed)
SC is mainly engaged in trading rubber tires.
Sui Lihua is the legal representative, executive director and general
manager of SC at present.
SC’s management refused to release the amount of employees.
SC is currently operating at the above stated address, and this address houses
its operating office in the free trade zone of Qingdao. Detailed premise
information is not available at present.
SC is not known to host its own website.
There is no record of litigation.
There is no record about changes of registered information.
Organization code: 09746349X
MAIN SHAREHOLDERS:
Name %
of Shareholding
Sui Lihua 80
Guo Qilong 20
Legal
representative, Executive director and General manager:
Sui Lihua is currently responsible for the overall management of SC.
Working Experience(s):
At present Working in SC as legal representative,
executive director and general manager
Supervisor:
Guo Qilong
SC is mainly engaged in trading rubber tires.
SC’s products are mainly rubber tires.
SC sources its merchandise from domestic market. SC sells its products
in domestic market and 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 declined to release its major suppliers and clients.
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Registration No. |
15309665 |
14596693 |
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Registration Date |
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Trademark Design |
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Shandong Haohua Tire Co., Ltd.
Registered No.: 370783200025298
Incorporation date:
Legal representative: Wang Keqiang
Web: www.haohuatire.com
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 accountant refused to release the bank details.
SC’s accountant refused to release the financial information.
SC has been in its line with a short development history. Due to lack of
financial statements, we are unable to determine the maximum credit limit for
SC.
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.100.36 |
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Euro |
1 |
Rs.70.68 |
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CNY |
1 |
Rs.10.39 |
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 : |
TPT |
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.