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Report No. : |
354305 |
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Report Date : |
11.12.2015 |
IDENTIFICATION DETAILS
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Name : |
GUANGZHOU WTDEX SUPPLY CHAIN CO., LTD. |
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Registered Office : |
Room E 04, Building 28 Customs Supervision Zone, Hengshiliu Road,
North District Baiyun International Airport, Huadu District Guangzhou,
Guangdong Province 510170 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
28.05.2014 |
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Com. Reg. No.: |
91440129304383020D |
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Legal Form : |
One-Person Limited Liabilities Company |
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Line of Business : |
Subject is engaged in cargo transportation; road freight transportation;
wholesaling prepackaged food, dairy products and wines; supply chain
management; logistics agency services; packaging, loading and unloading,
transport full service agency; commodities wholesaling trade; importing and
exporting technology; cargo inspection agency service; loading and unloading;
trade agency; cargo declaration agency service; importing and exporting
commodities; international freight forwarding; road freight transport agency;
storage agency; combined transport services; and air transportation cargo
packing service. |
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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 – March 31, 2015
|
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 |
GUANGZHOU WTDEX SUPPLY CHAIN CO.,
LTD.
ROOM E 04, BUILDING 28 CUSTOMS SUPERVISION ZONE, HENGSHILIU ROAD
NORTH DISTRICT BAIYUN INTERNATIONAL AIRPORT, HUADU DISTRICT
GUANGZHOU, GUANGDONG PROVINCE 510170 PR CHINA
TEL: 86 (0) 20-83500762/86767799
FAX: 86 (0) 20-83500895
Date of Registration : may 28, 2014
Unified social credit code : 91440129304383020D
LEGAL FORM : ONE-PERSON LIMITED
LIABILITIES COMPANY
CHIEF EXECUTIVE :
zhang heng (LEGAL REPRESENTATIVE)
REGISTERED CAPITAL : cny 10,000,000
staff :
n/a
BUSINESS CATEGORY : freight forwarding & trading
Revenue :
CNY 157,000 (AS OF DEC. 31,
2014)
EQUITIES :
CNY -9,000 (AS OF DEC. 31, 2014)
WEBSITE : www.wtdex.com
E-MAIL :
N/A
PAYMENT :
AVERAGE
MARKET CONDITION : FAIR
FINANCIAL CONDITION : poor
OPERATIONAL TREND : FAIR
GENERAL REPUTATION : FAIR
EXCHANGE RATE :
CNY 6.42 = USD 1
Adopted
abbreviations (as follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
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
SC was established as one-person limited liabilities company of PRC with
State Administration of Industry & Commerce (SAIC) under unified social
credit code: 91440129304383020D.
SC’s registered capital: CNY 10,000,000
SC’s paid-in capital: CNY 10,000,000
Registration Change Record:-
|
Date |
Change of Contents |
Before the change |
After the change |
|
2015-6-12 |
Legal Form |
Limited liabilities company |
One-Person Limited Liabilities Company |
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Shareholder (s) (% of Shareholding) |
Wisepower Transportation & Distribution (Guangzhou) Group Co.,
Ltd. 90% Yang Xuehai 10% |
Wisepower Transportation & Distribution (Guangzhou) Group Co.,
Ltd. 100% |
Current Co search indicates SC’s shareholders & chief executives are
as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Wisepower Transportation & Distribution (Guangzhou) Group Co.,
Ltd. |
100 |
SC’s Chief Executives:-
|
Position |
Name |
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Legal Representative, Chairman and General Manager |
Zhang Heng |
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Director |
Cui Xiao |
|
Jin Haiming |
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|
Yang Xuehai |
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|
Jiang Jiahao |
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Supervisor |
Guo Kemian |
No recent development was found during our checks at present.
Name %
of Shareholding
Wisepower Transportation & Distribution (Guangzhou) Group Co., Ltd. 100
--------------------------------------
Unified Social Credit Code: 91440101773340939U
Date of Registration: May 8, 2005
Legal Form: Limited Liabilities Company
Registered Capital: CNY 60,000,000
Legal Representative: Zhang Heng 张珩
Zhang Heng, Legal Representative, Chairman and General
Manager
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Gender: M
Working experience (s):
At present, working in SC as legal representative, chairman and general
manager
Also working in Wisepower Transportation & Distribution (Guangzhou)
Group Co., Ltd. as legal representative
Director
-------------
Cui Xiao
Jin Haiming
Yang Xuehai
Jiang Jiahao
Supervisor
---------------
Guo Kemian
SC’s registered business scope includes cargo
transportation; road freight transportation; wholesaling prepackaged food, dairy
products and wines; supply chain management; logistics agency services;
packaging, loading and unloading, transport full service agency; commodities
wholesaling trade; importing and exporting technology; cargo inspection agency
service; loading and unloading; trade agency; cargo declaration agency service;
importing and exporting commodities; international freight forwarding; road
freight transport agency; storage agency; combined transport services; and air
transportation cargo packing service.
SC is mainly engaged in freight forwarding and international trade.
SC sources its products 30% from domestic market, and 70% from overseas
market. SC sells 20% of its products in domestic market, and 80% 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.
Staff &
Office:
--------------------------
SC’s staff information is not available.
SC rents an area as its operating office, but the detailed information
is unknown.
SC’s subsidiary information is not available at present.
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.
The bank information of SC is not filed in local SAIC.
Balance Sheet
|
Unit: CNY’000 |
As of Dec. 31,
2014 |
|
74 |
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Notes receivable |
0 |
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Accounts receivable |
33 |
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Advances to suppliers |
0 |
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Other receivable |
0 |
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Inventory |
0 |
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Non-current assets within one year |
0 |
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Other current assets |
0 |
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------------------ |
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Current assets |
107 |
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Fixed assets |
0 |
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Construction in progress |
0 |
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Intangible assets |
0 |
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Long-term investment |
0 |
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Deferred income tax assets |
0 |
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Other non-current assets |
0 |
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------------------ |
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Total assets |
107 |
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============= |
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Short-term loans |
0 |
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Notes payable |
0 |
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Accounts payable |
30 |
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Welfares payable |
0 |
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Taxes payable |
1 |
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Advances from clients |
0 |
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Other payable |
85 |
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Other current liabilities |
0 |
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------------------ |
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Current liabilities |
116 |
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Non-current liabilities |
0 |
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------------------ |
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Total liabilities |
116 |
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Equities |
-9 |
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------------------ |
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Total liabilities & equities |
107 |
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============= |
Income Statement
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Unit: CNY’000 |
As of Dec. 31,
2014 |
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Revenue |
157 |
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Cost of sales |
87 |
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Sales expense |
0 |
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Management expense |
81 |
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Finance expense |
0 |
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Profit before tax |
-9 |
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Less: profit tax |
0 |
|
-9 |
Important Ratios
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As of Dec. 31, 2014 |
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*Current ratio |
0.92 |
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*Quick ratio |
0.92 |
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*Liabilities to assets |
1.08 |
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*Net profit margin (%) |
-5.73 |
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*Return on total assets (%) |
-8.41 |
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*Inventory / Revenue ×365 |
-- |
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*Accounts receivable / Revenue ×365 |
77 days |
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*Revenue / Total assets |
1.47 |
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*Cost of sales / Revenue |
0.55 |
PROFITABILITY:
FAIR
The revenue of SC appears poor in its line.
SC’s net profit margin is fair.
SC’s return on total assets is fair.
SC’s cost of sales is average, comparing with its revenue.
LIQUIDITY: FAIR
The current ratio of SC is maintained in a fair level.
SC’s quick ratio is maintained in a normal level.
SC has no inventory.
The accounts receivable of SC is maintained in an average level.
SC has no short-term loans.
SC’s revenue is in an average level, comparing with the size of its
total assets.
LEVERAGE: POOR
The debt ratio of SC is high.
The risk for SC to go bankrupt is fairly high.
Overall financial
condition of the SC: Poor.
SC is considered small-sized in its line with short history and poor financial
conditions.
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
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Analysis Done by
: |
DIV |
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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.