MIRA INFORM REPORT
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Report No. : |
347880 |
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Report Date : |
03.11.2015 |
IDENTIFICATION DETAILS
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Name : |
BAI WEI INTERNATIONAL CORP. |
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Registered Office : |
T1-106 Xunfeng Commerce Center, No. 691 Shicuo Road, Shijing Baiyun
District, Guangzhou, Guangdong Province 510000 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
01.08.2005 |
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Com. Reg. No.: |
440111000068008 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Subject is engaged in selling leather and related products. |
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No. of Employee : |
8 |
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 – 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 |
COMPANY
NAME AND ADDRES
BAI WEI
INTERNATIONAL CORP.
T1-106 XUNFENG COMMERCE CENTER, NO. 691 SHICUO ROAD, SHIJING
BAIYUN DISTRICT, GUANGZHOU, GUANGDONG PROVINCE 510000 PR CHINA
TEL: 86 (0) 20-86523874/86271261
FAX: 86 (0) 20-81773285
EXECUTIVE
SUMMARY
Date of Registration : AUGUST 1, 2005
REGISTRATION NO. : 440111000068008
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL : CNY 5,000,000
staff : 8
BUSINESS CATEGORY :
trading
Revenue : CNY 6,130,000 (AS OF DEC. 31, 2014)
EQUITIES : CNY 5,070,000 (AS OF DEC. 31, 2014)
WEBSITE : N/A
E-MAIL : baiwei838@163.com
PAYMENT : AVERAGE
MARKET CONDITION : average
FINANCIAL CONDITION : fairly stable
OPERATIONAL TREND :
ordinary
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.31 = USD 1
ADOPTED ABBREVIATIONS (AS FOLLOWS)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
OPERATIONAL
TREND & GENERAL REPUTATION
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
LEGAL
STATUS & HISTORY
SC was established
as a limited liabilities company of PRC with State Administration of Industry
& Commerce (SAIC) under registration No.: 440111000068008 on August 1,
2005.
SC’s Organization Code Certificate No.:
77835094-1
SC’s Tax No.: 440111778350941
SC’s registered capital: CNY 5,000,000
SC’s paid-in capital: CNY 5,000,000
Registration Change Record:-
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Date |
Change of Contents |
Before the change |
After the change |
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Registered Capital |
CNY 500,000 |
CNY 1,000,000 |
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% of Shareholding |
Lin Liqin 90% Lin Bizhu 10% |
Lin Liqin 95% Lin Bizhu 5% |
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Registered Capital |
CNY 1,000,000 |
CNY 5,000,000 |
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% of Shareholding |
Lin Liqin 95% Lin Bizhu 5% |
Lin Liqin 99% Lin Bizhu 1% |
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-- |
Registration No. |
4401112010663 |
440111000068008 |
Current Co search indicates SC’s shareholders & chief executives are
as follows:-
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Name of Shareholder (s) |
% of Shareholding |
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Lin Liqin |
99 |
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Lin Bizhu |
1 |
SC’s Chief Executives:-
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Position |
Name |
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Legal Representative, Chairman and General
Manager |
Lin Liqin |
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Supervisor |
Lin Bizhu |
RECENT
DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER
CHART & BACKGROUND
Name %
of Shareholding
Lin Liqin 99
Lin Bizhu 1
MANAGEMENT
Lin Liqin, Legal Representative, Chairman and General
Manager
-------------------------------------------------------------------------------------------------
Ø
Gender: F
Ø
ID# 35032281062643
Ø
Age: 34
Ø Qualification:
University
Ø Working experience
(s):
At
present, working in SC as legal representative, chairman and general manager
Supervisor
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Lin Bizhu
BUSINESS
OPERATION
SC’s registered
business scope includes commodities
wholesaling & retailing trade; wholesaling leather & leather products; retailing
wood, plastics, and leather grocery; importing and exporting commodities;
wholesaling garment & garment accessories; retailing garment & garment
accessories; retailing boxes, bags, shoes, and hats; wholesaling shoes, hats,
boxes, and bags.
SC is mainly
engaged in selling leather and related products.
SC’s products
mainly include: leather and related products.
SC sources its products 100% from domestic market. SC sells 20% of its products in domestic market and 80% 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.
Staff & Office:
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SC is known
to have approx. 8 staff at
present.
SC rents an area
as its operating office, but the detailed information is unknown.
RELATED
COMPANY
SC is not known to have any subsidiary at present.
PAYMENT
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.
BANKING
Basic Bank
Industrial and
Commercial Bank of China Guangzhou Xihua Road Sub-branch
AC#:
3602004519200487621
Industrial and
Commercial Bank of China Guangzhou Miaoqianzhi Street Sub-branch
AC#:
3602001019200186668
FINANCIALS
Financial Summary
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Unit: CNY’000 |
As
of Dec. 31, 2014 |
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Total assets |
5,540 |
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Total
liabilities |
470 |
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Equities |
5,070 |
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Revenue |
6,130 |
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Profits |
50 |
Important Ratios
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As
of Dec. 31, 2014 |
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*Liabilities
to assets |
0.08 |
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*Net profit
margin (%) |
0.82 |
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*Return on
total assets (%) |
0.90 |
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*
Revenue/Total assets |
1.11 |
FINANCIAL
COMMENTS
PROFITABILITY: AVERAGE
l The revenue of SC
appears average in its line.
l SC’s net profit
margin is average.
l SC’s return on
total assets is average.
LIQUIDITY: AVERAGE
l
SC’s revenue is in an average level, comparing with
the size of its total assets.
LEVERAGE: AVERAGE
l
The debt ratio of SC is low.
l
The risk for SC to go bankrupt is above average.
Overall financial
condition of the SC: Fairly Stable.
CONCLUSIONS
SC is considered small-sized in its line with fairly stable financial
conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.65.48 |
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1 |
Rs.101.06 |
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Euro |
1 |
Rs.72.22 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
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.