MIRA INFORM REPORT
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Report No. : |
354685 |
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Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
No. 12, 6/F, Unit 1, Building B, Jinli Commercial Building, No. 89 Duyun Road, High-Tech Zone, Guiyang, Guizhou Province, 550022 Pr |
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Country : |
China |
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Date of Incorporation : |
07.07.2015 |
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Com. Reg. No.: |
520115000227598 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Subject includes research and development of new technology of
chemical products; production and sales of minerals feed, phosphate urea, monoammonium
phosphate, diammonium phosphate, and other elements of phosphate series
products, a large number of water soluble fertilizer, phosphate fertilizer
and compound fertilizer, fertilizer grade calcium hydrogen phosphate; export
business of self-produced products and import business of enterprise required
raw and auxiliary materials of mechanical equipment, spare parts; computer
hardware; software development, network information technology services. |
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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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 |
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, growth of the private sector, development of stock markets and a modern banking system, 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 considered important to "economic security," explicitly looking to foster globally competitive industries. 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 2014 stood as the largest economy in the world, surpassing the US for the first time in modern history. Still, China's per capita income is below the world average.
After keeping its currency tightly linked to the US dollar for years, in July 2005 China 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. In 2014 the People’s Bank of China (PBOC) doubled the daily trading band within which the RMB is permitted to fluctuate.
The Chinese government faces numerous economic challenges, including: (a) reducing its high domestic savings rate and correspondingly low domestic consumption; (b) facilitating higher-wage job opportunities for the aspiring middle class, including rural migrants and increasing numbers of college graduates; (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 2014 more than 274 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.
Several factors are converging to slow China's growth, including debt overhang from its credit-fueled stimulus program, industrial overcapacity, inefficient allocation of capital by state-owned banks, and the slow recovery of China's trading partners. The government's 12th Five-Year Plan, adopted in March 2011 and reiterated at the Communist Party's "Third Plenum" meeting in November 2013, emphasizes continued economic reforms and the need to increase domestic consumption in order to make the economy less dependent in the future on fixed investments, exports, and heavy industry. However, China has made only marginal progress toward these rebalancing goals. The new government of President XI Jinping has signaled a greater willingness to undertake reforms that focus on China's long-term economic health, including giving the market a more decisive role in allocating resources. In 2014 China agreed to begin limiting carbon dioxide emissions by 2030. China also implemented several economic reforms in 2014, including passing legislation to allow local governments to issue bonds, opening several state-owned enterprises to further private investment, loosening the one-child policy, passing harsher pollution fines, and cutting administrative red tape.
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Source
: CIA |
Company
name and address
GUIZHOU
ZEROPHOS TECHNOLOGY CO., LTD.
NO. 12, 6/F, UNIT
1, BUILDING B, JINLI COMMERCIAL BUILDING, NO. 89
DUYUN ROAD,
HIGH-TECH ZONE, GUIYANG, GUIZHOU PROVINCE, 550022 PR CHINA
TEL: 86 (0)
851-84792743 FAX: N/A
EXECUTIVE
SUMMARY
INCORPORATION DATE :
JULY 7, 2015
REGISTRATION NO. : 520115000227598
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH : 3
REGISTERED CAPITAL : CNY 10,000,000
BUSINESS LINE :
TRADING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : UNKNOWN
MARKET CONDITION : FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : SUBJECT TO LONGER PERIOD OF
OBSERVATION
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE : CNY 6.4771= 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
SC was registered as
a limited liabilities company at local Administration for Industry &
Commerce (AIC - The official body of issuing and renewing business license) on
July 7, 2015.
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 new technology of chemical
products; production and sales of minerals feed, phosphate urea, monoammonium
phosphate, diammonium phosphate, and other elements of phosphate series
products, a large number of water soluble fertilizer, phosphate fertilizer and
compound fertilizer, fertilizer grade calcium hydrogen phosphate; export
business of self-produced products and import business of enterprise required
raw and auxiliary materials of mechanical equipment, spare parts; computer
hardware; software development, network information technology services. (with
permit if needed)
SC is mainly engaged in trading of phosphorus chemicals products.
Mr. He Fangju is
the legal representative, executive director and general manager of SC at
present.
SC is known
to have approx. 3 employees at present.
SC is currently operating at the above stated address, and this address
houses its operating office in the high-tech zone of Guiyang. The details
information is not available.
SC is not known to host a website of its own at present.
SC was taken into operation in October of 2015.
Organization Code: 347029419
MAIN
SHAREHOLDERS:
Name %
of Shareholding
Zheng Lana 10
He Fangju 90
l Legal
Representative, Executive Director and General Manager:
Mr. He Fangju 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;
Also working in
Guizhou Zerophos Chemical Co., Ltd. as legal representative, executive director
and general manager。
l Supervisor:
Yang Chengqin
SC is mainly
engaged in trading of phosphorus chemicals products.
SC’s products
mainly include
• Feed Additives
o Dicalcium Phosphate(DCP)
o Monoammonium
Phosphate(MAP)
o Monocalcium
Phosphate(MCP)
o Monodicalcium
Phosphate(MDCP)
o Monopotassium Phosphate(MKP)
o Monosodium
Phosphate(MSP)
o Tricalcium
Phosphate(TCP)
• Agricultural Chemicals
o Diammonium
Phosphate(DAP)
o Monoammonium
Phosphate(MAP)
o Monopotassium
Phosphate(MKP)
o Triple
Superphosphate(TSP)
o Urea Phosphate(UP)
• Special Chemicals
o Di-Ammonium
Phosphate(DAP)
o Glyphosate
o Lithium Dihydrogen
Phosphate
o Monoammonium
Phosphate(MAP)
o Monopotassium
Phosphate(MKP)
o Sodium Acid
Pyrophosphate(SAPP)
o Sodium
Hexametaphosphate(SHMP)
o Sodium
Tripolyphosphate(STPP)
o Tributyl Phosphate(TBP)
SC was taken into operation in October of 2015.
SC sources its materials 20% from domestic
market, and 80% from overseas market. SC sells 100% of its products in domestic
markets.
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 and Credit of 30-60 days.
Note: SC’s management declined to release its main clients and
suppliers.
Guizhou Zerophos Chemical Co., Ltd.
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Reg. number: 520115000101034
Incorporation Date: 2012-2-28
Legal Representative: Mr. He Fangju
Tel.:+86-851-84851276
MB: +8613778201936
Email: zerophos@zerophos.com
Web: www.zerophos.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 management
declined to release its bank details.
SC was taken into operation in October of 2015, so its financial
statements are not available at present.
SC is considered small-sized in its line with a short operating history.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.42 |
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1 |
Rs.99.17 |
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Euro |
1 |
Rs.72.14 |
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CNY |
1 |
Rs.10.23 |
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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KAR |
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Report Prepared
by : |
NIT |
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.