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Report No. : |
326012 |
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Report Date : |
09.06.2015 |
IDENTIFICATION DETAILS
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Name : |
DALIAN WINYARD CHEMICAL CO., LTD. |
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Registered Office : |
6#, 3/F, No. 41a Zhigong Street, Zhongshan District, Dalian
Liaoning Province 116021 Pr |
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Country : |
China |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
04.03.2009 |
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Com. Reg. No.: |
210200000026687 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in selling agricultural
chemicals. |
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No. of Employee : |
6 |
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 : |
Small company |
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Payment Behaviour : |
Slow but correct |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
China |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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.
|
Source
: CIA |
DALIAN
WINYARD CHEMICAL CO., LTD.
6#, 3/F, NO. 41A ZHIGONG STREET, ZHONGSHAN DISTRICT, DALIAN
LIAONING PROVINCE 116021 PR CHINA
TEL: 86 (0) 411-82710102
FAX: 86 (0) 411-82729822
Date of Registration : march 4, 2009
REGISTRATION NO. : 210200000026687
LEGAL FORM : Limited
Liability Company
REGISTERED CAPITAL : CNY 1,000,000
staff : 6
BUSINESS CATEGORY : TRADING
Revenue : CNY 9,480,000
(AS OF DEC. 31, 2013)
EQUITIES : CNY 940,000 (AS OF DEC. 31, 2013)
WEBSITE : www.winyardhk.com
E-MAIL : dloffice@winyardhk.com & richard@winyardhk.com
PAYMENT : AVERAGE
MARKET CONDITION : fair
FINANCIAL CONDITION : fair
OPERATIONAL TREND :
FAIR
GENERAL REPUTATION : fair
EXCHANGE RATE : CNY
6.21 = 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 a limited liabilities company of PRC with State Administration
of Industry & Commerce (SAIC) under registration No.: 210200000026687 on March 4, 2009.
SC’s registered capital: CNY 1,000,000
SC’s paid-in capital: CNY 1,000,000
Registration Change Record:-
|
Date |
Change of Contents |
Before the change |
After the change |
|
|
Legal Representative |
Wang Fuyu |
Yang Xiangdi |
Current Co search indicates SC’s shareholders & chief
executives are as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Wang Yunfeng |
50 |
|
Yang Xiangdi |
50 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative, Chairman
and General Manager |
Yang
Xiangdi |
|
Supervisor |
Wang
Yunfeng |
No recent development was found during our checks at
present.
Wang Yunfeng 50
Yang Xiangdi 50
Yang
Xiangdi, Legal
Representative, Chairman and General Manager
------------------------------------------------------------------------------------------------------
Ø
Gender: F
Ø Qualification:
University
Ø Working
experience (s):
From 2014 to present, working in
SC as legal representative, chairman and general manager
Supervisor
--------------
Wang Yunfeng
SC’s registered business scope
includes selling chemical raw materials and products; domestic
general trade; importing and exporting goods and technology; import and export
agent.
SC is
mainly engaged in selling agricultural chemicals.
SC’s
products mainly include: herbicide, insecticide, fungicide.
SC sources the products 100% from domestic market, mainly Liaoning. SC sells 100% of its products to overseas market, mainly Mid East, Southeast Asia, etc.
The
buying terms of SC include Check, T/T and Credit of 30-60 days. The payment
terms of SC include L/C and Credit of 30-60 days.
Staff & Office:
--------------------------
SC is
known to have approx. 6
staff at present.
SC
rents an area as its operating office, but the detailed information is unknown.
Winyard (HK) Industry Limited
--------------------------------
Date of Registration: May 24, 2006
Registration No.: 1047527
Legal Form: Private
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 SAIC.
Financial
Summary
|
Unit:
CNY’000 |
As of Dec. 31, 2013 |
|
Total
assets |
3,820 |
|
|
------------- |
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Total
liabilities |
2,880 |
|
Equities |
940 |
|
|
------------- |
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Revenue |
9,480 |
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Profit
before tax |
-50 |
|
Less:
profit tax |
0 |
|
Profits |
-50 |
Important
Ratios
=============
|
|
As of Dec. 31, 2013 |
|
*Liabilities
to assets |
0.75 |
|
*Net
profit margin (%) |
-0.53 |
|
*Return
on total assets (%) |
-1.31 |
|
*Revenue/Total
assets |
2.48 |
PROFITABILITY:
FAIR
l The
revenue of SC appears average in its line.
l SC’s
net profit margin is fair.
l SC’s
return on total assets is fair.
LIQUIDITY:
AVERAGE
l
SC’s revenue is in an average level,
comparing with the size of its total assets.
LEVERAGE:
FAIR
l
The debt ratio of SC is average.
l
The risk for SC to go bankrupt is above
average.
Overall
financial condition of the SC: Fair.
SC is considered small-sized in its line with fair financial
conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.11 |
|
|
1 |
Rs.97.84 |
|
Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.