MIRA INFORM REPORT
|
Report No. : |
353751 |
|
Report Date : |
11.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BEIJING WESTERN GIANT EQUESTRIAN |
|
|
|
|
Registered Office : |
West of Red Brick Gallery, Hegezhuang, Shunbai Road,
Chaoyang District, Beijing 100103 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Date of Incorporation : |
26.02.2009 |
|
|
|
|
Com. Reg. No.: |
110105604000158 |
|
|
|
|
Legal Form : |
Individual-Owned Enterprise |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
China |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company
name and address
BEIJING WESTERN GIANT
EQUESTRIAN
WEST OF RED BRICK GALLERY, HEGEZHUANG, SHUNBAI ROAD,CHAOYANG DISTRICT, BEIJING 100103 PR CHINA
TEL: 86 (0) 10-64319868
FAX: 86 (0) 10-64319868
EXECUTIVE
SUMMARY
Date of Registration : FEBRUARY 26, 2009
REGISTRATION NO. : 110105604000158
LEGAL FORM : INDIVIDUAL-OWNED ENTERPRISE
REGISTERED CAPITAL : N/A
staff : 3
BUSINESS CATEGORY : trading
Revenue : N/A
EQUITIES : N/A
WEBSITE : www.westerngiant.com.cn
E-MAIL :
xibujuren@163.com
PAYMENT : unknown
MARKET CONDITION : FAIR
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIR
GENERAL REPUTATION : FAIR
EXCHANGE RATE : CNY 6.42 = USD
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 an individual-owned enterprise of
PRC with State Administration of Industry & Commerce (SAIC) under Registration No.: 110105604000158
on February 26, 2009.
SC’s Organization Code Certificate No.: L2540426-6
Registration Change Record:-
No significant changes of SC have
been noted in SAIC since its incorporation.
Current Co search indicates SC’s Investor & chief
executives are as follows:-
|
Name of Shareholder (s) |
|
Zhu Yanhong |
SC’s Chief Executives:-
|
Position |
Name |
|
Principal |
Zhu Yanhong |
RECENT
DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER
CHART & BACKGROUND
Name of Investor
Zhu Yanhong
MANAGEMENT
Zhu
Yanhong , Principal
-------------------------------------------
Ø Gender: M
Ø Qualification:
University
Ø Working experience
(s):
At present, working in SC as principal
Also working in Beijing Giant Group
Imp. & Exp. Co., Ltd. as legal representative
BUSINESS
OPERATION
SC’s registered
business scope includes retailing horsemanship equipment.
SC is mainly
engaged in selling horsemanship facilities.
SC’s products mainly include:
Luxury Show Saddles
Circle-Y Saddles
Abetta Saddles
Cirecle-A Saddles
New Western Saddles
Used Western Saddles
Western Headstalls
Western Breastplates
Western Rope & Reins
Western Whips
SC sources its products 70% from domestic
market, and 30% from overseas market. SC sells 20% of its products in domestic
market, and 80% to overseas market.
The buying
terms of SC include T/T, L/C and Credit of 30-60 days. The payment terms of SC
include T/T, L/C and Credit of 30-60 days.
Staff & Office:
--------------------------
SC is
known to have approx. 3
staff at present.
SC rents
an area as its operating office, but the detailed information is unknown.
RELATED
COMPANY
Beijing
Giant Group Imp. & Exp. Co., Ltd.
Date
of Registration:
Registration
No.: 110108009897514
Registered
Capital: CNY 500,000
Legal
Representative: Zhu Yanhong
Legal
Form: Limited Liabilities Company
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
The bank
information of SC is not filed in local SAIC.
FINANCIALS
SC was registered as an individual-owned
enterprise and it is not
required to submit its financials to the local SAIC,
so the financials are not available at present.
CONCLUSIONS
SC is considered small-sized in its line with
6 years history.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.73.46 |
|
CNY |
1 |
Rs. 10.35 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.