MIRA INFORM REPORT
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Report No. : |
348530 |
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Report Date : |
07.11.2015 |
IDENTIFICATION DETAILS
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Name : |
QINGDAO WAN LINING RUBBER TYRE CO.,LTD. |
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Registered Office : |
Room 607, Chengshi Guiguan, No. 216, Changjiang Middle
Road, Huangdao District, Qingdao, Shandong PROVINCE, 266000 PR |
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Country : |
China |
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Date of Incorporation : |
05.06.2010 |
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Com. Reg. No.: |
370220230006631 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Subject is engaged in international trading of tires. |
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No. of Employee : |
10 |
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 – 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 address
QINGDAO WAN LINING RUBBER TYRE CO.,LTD.
Room 607, Chengshi Guiguan, No. 216, Changjiang Middle Road, Huangdao District, Qingdao, Shandong PROVINCE, 266000 PR CHINA
TEL: 86 (0) 532-86993613 FAX: 86 (0) 532-86993348
EXECUTIVE
SUMMARY
INCORPORATION DATE : JAN. 5, 2010
REGISTRATION NO. : 370220230006631
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH : 10
REGISTERED CAPITAL :
CNY 3,000,000
BUSINESS LINE : TRADING
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 6.35 = USD
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: SC is also known as Qingdao Wanlining
Rubber Group Co., Ltd. The given address is SC’s related factory address. We
have confirmed that Ms. Alisa (王文奇) is working in SC at
present
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 Jan. 5, 2010.
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 international trade, entrepot
trade, trade between enterprises and processing under the trade item of rubber
products, tires; import and export of commodities (if needed with permit).
SC is mainly
engaged in international trading of tires.
Mr. Xu Hongshun is legal representative, executive
director and general manager of SC at present.
SC is known to have approx. 10 employees at
present.
SC
is currently operating at the above stated address,
and this address houses its operating office in the commercial zone of Qingdao.
Detailed premise information is not available at present.
Another
office address: No. 5292, No. 64 Dongjing Road, Bonded Zone, Qingdao, Shandong Province
http://www.shengtaitire.com/
The
design is professional and the content is well organized. At present it is in
Chinese, English, and other versions.
Email: manager@wanlining.com
According to SC’s accountant, SC was taken into operation in
Mar., 2015.
Organization Code: 697183248
MAIN
SHAREHOLDERS:
Name %
of Shareholding
Xu Hongshun 60
Li Meirong 40
l Legal Representative, Executive
Director and General Manager:
Mr. Xu Hongshun 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:
Li Meirong
SC is mainly engaged
in international trading of tires.
SC’s products
mainly include various kinds of tires, etc.
According to SC’s accountant, SC was taken into operation in
Mar., 2015.
SC sources its materials 90%
from domestic market and 10% from oversea market. SC sells 30% of its products
in domestic markets and 70% to overseas market.
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’s management declined to release its main clients and
suppliers.
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Registration No. |
12407180 |
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Registration Date |
2014-9-21 |
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Trademark Design |
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Dongying
Tiantong Rubber and Plastic Co., Ltd.
Registration no.: 370523228004636
Incorporated date: 2003-4-9
Legal
representative: Wang Xiaoying
Address:
Dawang Economic and Technological Development Zone, Guangrao County, Dongying
City, Shandong Province
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 Mar. of 2015, so its
financial statements are not available at present.
SC has been in its line with a short operating history. Credit dealings
with SC should be confined into small amount at present.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.65.79 |
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1 |
Rs.99.95 |
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Euro |
1 |
Rs.71.55 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
ASH |
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.