MIRA INFORM REPORT
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Report No. : |
333506 |
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Report Date : |
28.07.2015 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Room 1611, No. 336 Xizang Middle Road, Huangpu District, Shanghai, 200001 Pr |
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Country : |
China |
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Date of Incorporation : |
14.03.2006 |
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Com. Reg. No.: |
310227001264534 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Subject is mainly
engaged in enterprise credit information service. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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. 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 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 that year... 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 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 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
Crediteyes CO., LTD.
room 1611, no. 336
xizang middle road, huangpu district,
shanghai, 200001 PR
CHINA
TEL: 86 (0)
21-33303031 FAX: n/a
EXECUTIVE
SUMMARY
INCORPORATION DATE : march 14, 2006
REGISTRATION NO. : 310227001264534
REGISTERED LEGAL FORM : Limited
liabilities company
STAFF STRENGTH : n/a
REGISTERED CAPITAL : CNY 10,000,000
BUSINESS LINE :
service
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : NO COMPLAINTS
MARKET CONDITION : average
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : average
EXCHANGE RATE : CNY 6.2095 = 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 and tel. no. belongs to Crediteyes International Credit & Collection Co., Ltd., and the given email address (xueif@crediteyes.com) is wrong.
SC was registered as a limited liabilities co. at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license).
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 enterprise credit information service.
SC is mainly engaged
in enterprise credit information service.
Mr. Huang Xujiang
is legal representative and chairman of SC at present.
SC refused to
release the number of employees.
SC
is currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Shanghai. SC’s
employee
refused to release the detailed information of the premise.
http://www.crediteyes.com/ The design is professional and the content is
well organized. At present it is in both Chinese and English versions.
Email: lily.wu@crediteyes.com
Changes
of its registered information:
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Date of change |
Item |
Before the change |
After the change |
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2014-5-9 |
Shareholders |
Huang Xujiang 100% |
Present ones |
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Registered capital |
CNY 500,000 |
Present amount |
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Legal form |
one-person limited liability company |
Present one |
Organization Code: 786271397
For the past two years there is no record of litigation.
MAIN
SHAREHOLDERS:
Name %
of Shareholding
Huang Xujiang 96.67
Zou Hua 3.33
l
Legal representative and chairman:
Mr. Huang Xujiang is currently responsible for the overall management of
SC.
Working Experience(s):
At present Working in SC as legal
representative and chairman.
Also working in Shanghai Pharmeyes Technology
Consultant Co., Ltd., Crediteyes International Credit & Collection Co.,
Ltd., Dalian Crediteyes Business Credit Consulting Co., Ltd. (literal
translation) and Beijing Crediteyes Channel Management Consulting Co., Ltd.
(literal translation) as legal representative.
l
Supervisor:
Zou Hua
SC is mainly
engaged in enterprise credit information service.
Crediteyes Co., Ltd. is mainstream private invested credit management service
institute in China and provides corporate credit investigation services.
Crediteyes focus on the credit dynamics of emerging market and provides
credit reports for market covering China, Hong Kong, Macao and Taiwan,
Southeast Asia, the Middle East, Latin America, Africa, Eastern Europe and
other rapid economic growth areas. The report is widely used in the credit
decision-making and advance payment decision-making of enterprises. Meanwhile,
many financial institutes analyze the asset condition and performance
capability of medium and small size companies through credit report of
Crediteyes during financing decision to them.
The customer groups of Crediteyes include:
Top 500 enterprises in world
Credit insurance service agencies in countries
Large-size B2B net service providers
New emerging financial service institutes
Market research agencies, investment advisory bodies, accounting firms,
law firms and other professional service organizations
Domestic-funded enterprises in China with rapid developing
At the same time, Crediteyes uses its own database resources to provide
industry data, risk monitoring and competitor research and other derivative
services for clients.
SC’s products and business mainly include:
Overseas Credit Report
Chinese Credit Report
Enterprise Search
Foundation Database
Industry Research
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.
Note: SC refused to release its supplier and
client details.
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TRADEMARKS & PATENTS |
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Registration No. |
7218067 |
8539809 |
7218072 |
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Registration Date |
2010-11-21 |
2011-8-14 |
2011-1-21 |
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Trademark Design |
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Shanghai Pharmeyes Technology Consultant Co., Ltd.
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Registration
no.: 310227001407535
Legal
representative: Huang Xujiang
Incorporation
date: 2008-12-5
Crediteyes
International Credit & Collection Co., Ltd.
==================================
Registration
no.: 210200000325865
Legal
representative: Huang Xujiang
Incorporation
date: 2006-12-27
Add:
16/F, Yinzhou Intl. Building, Zhongshan District, Dalian 116001
Tel:
0411 39805079
Dalian
Crediteyes Business Credit Consulting Co., Ltd. (literal translation)
============================
Registration
no.: 210200000357116
Legal
representative: Huang Xujiang
Incorporation
date: 2002-02-01
Beijing
Crediteyes Channel Management Consulting Co., Ltd. (literal translation)
===============================
Registration
no.: 110000010211971
Legal
representative: Huang Xujiang
Incorporation
date: 2007-05-21
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 declined to
release its banking details.
SC’s management declined
to release any financial information.
SC was established in 2006 with 9 years operation history.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.00 |
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1 |
Rs.99.43 |
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Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
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Analysis Done by
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KAS |
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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.