MIRA INFORM REPORT
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Report No. : |
302071 |
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Report Date : |
09.01.2015 |
IDENTIFICATION DETAILS
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Name : |
Botou Huikeyuan Engineering Control Co., Ltd. |
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Registered Office : |
Fuzhuang Development Zone, Botou City,
Cangzhou City, Hebei Province,
062150 Pr |
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Country : |
China |
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Date of Incorporation : |
16.05.2002 |
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Com. Reg. No.: |
130981000001992 |
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Legal Form : |
Limited Liabilities Co. |
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Line of Business : |
Manufacturing and Selling of Forming Machines of Metallic Plate Cold Bending Roller. |
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No. of Employees : |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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. 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 and expanded the daily trading
band within which the RMB is permitted to fluctuate. 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 2013 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 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 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. 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.
|
Source
: CIA |
Company
Name and Address
Botou Huikeyuan Engineering Control Co., Ltd.
Fuzhuang
Development Zone, Botou City,
Cangzhou City,
Hebei Province, 062150 PR China
TEL: 86 (0)
317-7761251/7668596 FAX: 86 (0)
317-7761251
EXECUTIVE
SUMMARY
INCORPORATION DATE : May 16, 2002
REGISTRATION NO. : 130981000001992
REGISTERED LEGAL FORM
: Limited liabilities co.
STAFF STRENGTH : 15
REGISTERED CAPITAL : CNY 2,000,000
BUSINESS LINE : TRADING
and manufacturing
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : UNKNOWN
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION
: N/A
OPERATIONAL TREND : FAIRLY steady
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.2116 = 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
Note: The correct telephone and fax
numbers are the heading ones.
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 May 16, 2002.
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
manufacturing and selling pressure-type equipment and accessories, instruments,
meters and accessories, cold-rolled strip steel, color steel, galvanized sheet,
color steel coil, cold rolled steel, automatic sawing machine; importing and
exporting goods (excluding the items prohibited by laws and regulations, and
shall not operate without approval)
SC is mainly engaged in manufacturing and selling forming machines of
metallic plate cold bending
roller.
Mr. Han Lixin is legal
representative, executive director and general manager of SC at present.
SC is known to have approx. 15 employees
at present.
SC is currently operating
at the above stated address, and this address houses its operating office and
factory in the development zone of Botou. Detailed premise information is not
available at present.
http://www.rollformingmachine-china.net
The design is professional and the content is well organized. At present it is
in English and Russian versions.
http://www.hbhuikeyuan.com & http://www.bthuikeyuan.cn/
The design is professional and the content is well organized. At present they
are in Chinese version.
E-mail: admin@hbhuikeyuan.com; huikeyuan@163.com
See below for SC as executive party
(defendant).
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Executed Party |
SC |
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Court |
Botou
City People's Court |
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Date of Case |
2014-11-6 |
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Case Number |
(2014)
00713 |
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Claim Amount |
RMB
111,000 |
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Case Status |
Processing |
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Executed Party |
SC |
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Court |
Cangzhou
City Intermediate People's Court |
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Date of Case |
2009-8-19 |
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Case Number |
(2009)
00241 |
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Claim Amount |
RMB
1,840 |
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Case Status |
Completed |
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Executed Party |
SC |
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Court |
Cangzhou
City Intermediate People's Court |
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Date of Case |
2009-8-19 |
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Case Number |
(2009)
00240 |
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Claim Amount |
RMB
1,900 |
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Case Status |
Completed |
Remark: Due to the lack
of information, we are unable to provide the cause of action, judgment or other
information.
No significant changes
were found during our checks with the local Administration for Industry and
Commerce.
Subject passed the
annual inspection of 2012 with Administration for Industry & Commerce.
Organization Code:
738720530
Note: According to SC’s accountant, SC has
little production business in recent two months.
Note: the latest information of SC’s shareholder
is not available.
l Legal Representative,
Executive Director and General Manager:
Mr. Han Lixin 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.
l
Supervisor:
Cui Rongzheng
SC is mainly
engaged in manufacturing and selling forming machines of metallic plate cold bending roller.
SC’s products
mainly include:
Roof and Wall Roll
Forming Machine
Glazed Tiles Roll Forming
Machine
C-purlin Machine
and Z-purlin Machine Series
Shearing Machine,
Bending Machine, Slitter
Sandwich Panel
Roll Forming Machine
Roller Shutter
Door Roll Forming Machine
Floor Deck Roll
Forming Machine
Double Layer
Forming Machine
Highway Guardrail
roll forming machine
JCH Roll Forming
Machine
Light Keel Roll
Forming Machine
Metal Colourful 3D
Wall Panel Tile Machine
Other Series
SC sources its
materials 100% from domestic market. SC sells 80% of its products in domestic
market, and 20% to 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’s
management declined to release its main clients and suppliers.
TRADEMARKS &
PATENTS
Registration No.: 11604699
Registration Date: 2014-4-21
Trademark Design:
SC is known to have the
following branch:
Botou Huikeyuan Engineering Control Co., Ltd. Dongguang Branch
=================================================
Incorporation date: 2007-6-13
Registration no.: 130923300001019
Principal: Cui Rongzheng
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 bank details are not available at
present.
SC’s accountant refused to release the financial
information.
SC is considered small-sized in its line
with a development history of 13 years.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.97 |
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|
1 |
Rs.94.97 |
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Euro |
1 |
Rs.74.43 |
INFORMATION DETAILS
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Analysis Done by
: |
SUM |
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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.