MIRA INFORM REPORT
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Report No. : |
355734 |
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Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
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Name : |
TAKEPO INTERNATIONAL CO., LTD. |
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Registered Office : |
Room 1008, 10/F, Changxin
Plaza, No. 95 Nanguan Zheng Street, Xi’an, Shaanxi Province, 710000 PR |
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Country : |
China |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
15.04.2005 |
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Com. Reg. No.: |
610000100376685 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Subject is engaged in selling of chemical products. |
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No. of Employees : |
6 |
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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 |
CHINA - ECONOMIC OVERVIEW
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, creation of a diversified banking system, development of stock markets, rapid growth of the private sector, 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 it considers important to "economic security," explicitly looking to foster globally competitive national champions. After keeping its currency tightly linked to the US dollar for years, in July 2005 China revalued its currency by 2.1% against the US dollar and 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. 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 2012 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 demand; (b) sustaining adequate job growth for tens of millions of migrants and new entrants to the work force; (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. In 2010-11, China faced high inflation resulting largely from its credit-fueled stimulus program. Some tightening measures appear to have controlled inflation, but GDP growth consequently slowed to under 8% for 2012. An economic slowdown in Europe contributed to China's, and is expected to further drag Chinese growth in 2013. Debt overhang from the stimulus program, particularly among local governments, and a property price bubble challenge policy makers currently. The government's 12th Five-Year Plan, adopted in March 2011, emphasizes continued economic reforms and the need to increase domestic consumption in order to make the economy less dependent on exports in the future. However, China has made only marginal progress toward these rebalancing goals.
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Source
: CIA |
Company
name & address
Takepo InTernational Co., Ltd.
ROOM 1008, 10/F, CHaNGXIN PLAZA, NO. 95 NANGUAN
ZHENG STREET,
XI’AN, SHAaNXI PROVINCE, 710000 PR CHINA
TEL: 86 (0) 29-86518469
FAX: 86 (0) 29-86518275
EXECUTIVE
SUMMARY
INCORPORATION DATE : APRIL 15, 2005
REGISTRATION NO. : 610000100376685
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
CHIEF EXECUTIVE :
MS. SUN WEIHUA (CHAIRMAN)
STAFF STRENGTH :
6
REGISTERED CAPITAL : CNY
600,000
BUSINESS LINE :
SELLING
TURNOVER :
CNY 12,880,000 (AS OF DEC. 31, 2012)
EQUITIES :
CNY 740,000 (AS OF DEC. 31, 2012)
PAYMENT :
AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : FAIRLY STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.0531 = 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
%2017-Dec-2015_files/image017.gif){kind=small}
SC was registered as a limited liabilities company at provincial
Administration for Industry & Commerce (AIC - The official body of issuing and
renewing business license) on April 15, 2005.
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 selling mineral products,
chemical products (excluding easy made
drugs and hazardous chemicals), machine & equipment, metal materials,
communication equipment (excluding special controlled items), electronic
products, application, hardware tool, culture and education goods, arts &
crafts, textile, labor protective products; importing and exporting commodities and technologies (excluding the
items prohibited by the state), processing with imported materials, processing
with imported samples, assembling with imported parts, and compensation trade
in agreement; commercial information consultant.
SC is mainly engaged in selling chemical products
Ms. Sun Weihua has been legal representative and chairman of SC since
2005.
SC is known to have approx. 6 employees at present.
SC is currently operating at the above stated address, and this address
houses its operating office in the commercial zone of Xi’an. Our checks reveal
that SC rents the total premise, but SC’s accountant refused to release the
gross area.
Note: the heading address is SC’s current temporary operation address,
and SC will move to
%2017-Dec-2015_files/image018.gif){kind=small}
http://www.takepochem.com/
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
Email: liuminn@pub.xaonline.com
%2017-Dec-2015_files/image019.gif){kind=small}
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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Unspecified |
Registration No. |
6100002071940 |
Present one |
%2017-Dec-2015_files/image020.gif){kind=small}
For the past two years there is no record of litigation.
%2017-Dec-2015_files/image021.gif){kind=small}
MAIN SHAREHOLDERS:
Name %
of Shareholding
Sun Weihua 90
Liu Yuqin 10
%2017-Dec-2015_files/image022.gif){kind=small}
Legal representative and chairman:
Ms. Sun Weihua with university education. She is currently responsible
for the overall management of SC.
Working
Experience(s):
From 2005 to present Working
in SC as chairman and legal representative.
General
manager:
Mr. Sun Jinyuan about 51 years old. He is currently responsible for the
daily management of SC.
Working
Experience(s):
From 2005 to present Working
in SC as general manager.
%2017-Dec-2015_files/image023.gif){kind=small}
SC is mainly engaged in selling chemical products
SC’s products mainly include: Tobias Acid, Cleves Acid, J acid,
Dihydroxyanthraquinone, Acetanilide; Acetylanilide and Beta Naphthol
SC sources its materials 100% from domestic market. SC sells 100% of its
products in domestic 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 and Credit of 30-60 days.
Note: SC’s
management declined to release its major clients and suppliers.
%2017-Dec-2015_files/image024.gif){kind=small}
SC is not known to have any subsidiary at present.
%2017-Dec-2015_files/image025.gif){kind=small}
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.
%2017-Dec-2015_files/image026.gif){kind=small}
Bank of China Xi’an Chang’an Road Sub-branch
AC#: 102007337467
Relationship: Normal.
%2017-Dec-2015_files/image027.gif){kind=small}
Balance
Sheet
Unit: CNY’000
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as
of Dec. 31, 2012 |
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Cash & bank |
1,920 |
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Inventory |
460 |
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Accounts receivable |
1,660 |
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Advances to supplies |
0 |
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Other receivables |
0 |
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Prepaid expenses |
0 |
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A receivable tax rebate of export |
210 |
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Other current assets |
0 |
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------------------ |
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Current assets |
4,250 |
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Fixed assets net value |
10 |
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Projects under construction |
0 |
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Long-term investments |
0 |
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Intangible and other assets |
0 |
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------------------ |
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Total assets |
4,260 |
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============= |
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Short loans |
0 |
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Notes payable |
1,820 |
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Accounts payable |
-200 |
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Advances from customers |
0 |
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Accrued payroll |
0 |
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Taxes payable |
-100 |
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Other Accounts payable |
2,000 |
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Accrued expenses |
0 |
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Other current liabilities |
0 |
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Current liabilities |
3,520 |
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Long term liabilities |
0 |
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------------------ |
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Total liabilities |
3,520 |
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Shareholders equities |
740 |
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------------------ |
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Total liabilities & equities |
4,260 |
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Income
Statement
Unit: CNY’000
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as
of Dec. 31, 2012 |
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Turnover |
12,880 |
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Cost of goods sold |
12,400 |
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Sales expense |
90 |
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Management expense |
260 |
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Finance expense |
60 |
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Non-operation expenses |
50 |
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Profit before tax |
20 |
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Less: profit tax |
0 |
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Profits |
20 |
Important
Ratios
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as
of Dec. 31, 2012 |
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*Current ratio |
1.21 |
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*Quick ratio |
1.08 |
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*Liabilities to assets |
0.83 |
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*Net profit margin (%) |
0.16 |
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*Return on total assets (%) |
0.47 |
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*Inventory /Turnover ×365 |
13 days |
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*Accounts receivable/Turnover ×365 |
47 days |
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*Turnover/Total assets |
3.02 |
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* Cost of goods sold/Turnover |
0.96 |
%2017-Dec-2015_files/image028.gif){kind=small}
PROFITABILITY:
AVERAGE
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The turnover of SC appears average in its line.
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SC’s net profit margin is average.
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SC’s return on total assets is average.
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SC’s cost of goods sold is high, comparing with its
turnover.
LIQUIDITY: AVERAGE
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The current ratio of SC is maintained in a normal
level.
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SC’s quick ratio is maintained in a normal level.
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The inventory of SC is maintained in an average
level.
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The accounts receivable of SC is maintained in an
average level.
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SC has no short-term loan in 2012.
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SC’s turnover is in a fairly good level, comparing
with the size of its total assets.
LEVERAGE: FAIR
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The debt ratio of SC is fairly high.
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The risk for SC to go bankrupt is average.
Overall financial
condition of the SC: Fairly stable.
%2017-Dec-2015_files/image029.gif){kind=small}
SC is considered small-sized in its line with fairly stable financial
conditions
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.85 |
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|
1 |
Rs.100.58 |
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Euro |
1 |
Rs.73.16 |
INFORMATION DETAILS
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Report Prepared
by : |
NIT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.