MIRA INFORM REPORT
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Report No. : |
351407 |
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Report Date : |
26.11.2015 |
IDENTIFICATION DETAILS
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Name : |
Shandong One Touch
Business Service LTD. |
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Registered Office : |
Room 1602, Lvdi Puli Center, No. 25 Gongqingtuan
Road, Shizhong District, Jinan, Shandong
Province, 250012 Pr |
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Country : |
China |
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Date of Incorporation : |
29.07.2015 |
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Com. Reg. No.: |
370100200283724 |
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Legal Form : |
One-Person Limited Liability Company |
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Line of Business : |
Subject includes enterprise management consulting; economic and trade
consulting; import and export business; international freight forwarding; online trade
agency; e-commerce technology development and technical services. |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRAs Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New business |
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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 |
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.
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 for the first time
in modern history. Still, China's per capita income is below the world average.
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 Peoples Bank
of China (PBOC) doubled the daily trading band within which the RMB is
permitted to fluctuate.
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 also 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.
|
Source
: CIA |
company name
and address
Shandong One Touch Business Service LTD.
Room 1602, LVDI PULI CENTER, NO. 25
GONGQINGTUAN ROAD,
SHIZHONG DISTRICT, JINAN, SHANDONG province,
250012 PR CHINA (REGISTERED ADDRESS)
TEL:
N/A FAX: N/A
EXECUTIVE
SUMMARY
INCORPORATION DATE : JULY 29, 2015
REGISTRATION NO. : 370100200283724
REGISTERED LEGAL FORM : ONE-PERSON LIMITED LIABILITY
COMPANY
chief executive : Ms. WU MINZHI (LEGAL
REPRESENTATIVE)
STAFF STRENGTH : n/a
REGISTERED CAPITAL : CNY
10,000,000
BUSINESS LINE :
n/a
TURNOVER : n/a
EQUITIES : n/a
PAYMENT : UNKNOWN
MARKET CONDITION : n/a
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : n/a
GENERAL REPUTATION : NOT YET DETERMINED
EXCHANGE RATE : CNY 6.3878 = 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 belongs to SCs shareholder, and we
dialed the given contact number, but no one answered.
SC was registered as one-person limited liability company at local
Administration for Industry & Commerce (AIC - The official body of issuing
and renewing business license) on July 29,
2015.
Company Status: One-person Limited Liability Company Single person LLC refers to a
limited liability company set up by only one natural person or legal person
as the single shareholder of it. The minimum registered capital
of Single person LLC is CNY100,000. The shareholders capital contributes,
as set out by the articles of associations should be a lump-sum payment in
full. One natural person can only
invest in and set up one limited liability company, which is not permitted
to invest in and set up a new Single person LLC. As to any one-person limited
liability company, the sole-investor nature of the natural person or legal
person shall be indicated in the registration documents of the company and
shall be indicated in the business license thereof as well. The regulation of Single person
LLC should be set up by the shareholder The regulation of Single person
LLC has no shareholder meeting.
SCs registered business scope includes enterprise management
consulting; economic and trade consulting; import and export business;
international freight forwarding; online trade agency; e-commerce technology
development and technical services
Ms.
Wu Minzhi is registered as legal representative and chairman
of SC.
It is not possible to contact the company directly to obtain further
information. The nature and extent of the company's operations could not be
determined and it could not be confirmed whether the company operates from the
Registered Office address or in another location.
SC is not known to have website of its own at present.
No significant events or changes were found during our checks with local
AIC.
Organization Code: 353478421
There is no record of litigation till now.
MAIN SHAREHOLDERS:
Name % of Shareholding
Shenzhen Onetouch Business Service Co., Ltd. 100
Incorporation Date :
Dec. 5, 2001
Registration No. : 440301103275393
Registered Legal Form :
One-Person Limited Liability Company
Legal Representative :
Mr. Wei Qiang
Registered Capital :
CNY 3,300,000,000
Add: 6/F & 46/F, Hongchang Plaza, No. 2001 Shennan East Road, Luohu
District, Shenzhen, Guangdong Province
Tel: 86 (0) 755-22163680/25882590
Fax: 86 (0) 755-25836329
http://www.onetouch.cn/ (This website belongs to Alibaba.com)
Legal
representative, chairman:
Ms. Wu Minzhi , with EMBA degree
Also working in Zhejiang One Touch Business Service Co., Ltd. and Fujian
One Touch Business Service Co., Ltd. as legal representative.
General
manager:
Mr. Wei Qiang
Also working in Shenzhen Onetouch
Business Service Co., Ltd. as legal representative, and in Zhejiang One Touch
Business Service Co., Ltd. and Fujian One Touch Business Service Co., Ltd. as
general manager.
Supervisor:
Zheng Junfang
SCs registered address listed on the AIC is Room 1602, Lvdi Puli
Center, No. 25 Gongqingtuan Road, Shizhong District, JiNan. Searches on the registered address returned
no results.
We dialed the given contact number (0536 2247366), but no one answered.
Searches through the address provided, Floor 6, Hong Chang Square
Shennan East, Nanhu Street, Shenzhen China revealed that it belongs to SCs
shareholder.
Attempts to obtain SC contact details through its shareholder and
related companies were unsuccessful as they have no knowledge on SC.
Exhausting our efforts, we are unable to find SCs telephone number in
various information sources, including the internet, yellow pages and telecom
companies.
We are unable to contact SC. Therefore, the nature and extent of SCs
operations could not be determined.
Jiangsu One-Touch Business Service Co., Ltd.
.
Registration No.: 320592000047971
Incorporation date:
Registered Capital: CNY 5,000,000
Legal Representative: Ren Yan
Website: http://www.jsonetouch.com/
Tel: 0512-56366792
Fax: 0512-56366780
Zhejiang One Touch Business Service Co., Ltd.
.
Registration No.:
330108000170076
Incorporation
date: July 30, 2014
Registered Capital: CNY 10,000,000
Legal Representative: Wu Minzhi
Fujian One Touch Business Service Co., Ltd.
----------------------------------------------------------
Registration No.: 350103100395008
Legal Representative: Wu Minzhi
Incorporation date: 2014-12-30
Overall payment appraisal :
( ) Excellent (
) Good ( ) Average
( ) Fair (
) Poor (X) 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: N/A
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.
N/A
As a new company established on July 29, 2015, SCs financial
information is not available at present.
Despite having exhausted all our effort, we are unable to contact SC. If further contact details of SC can be
provided, we will definitely continue this research.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.66.38 |
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|
1 |
Rs.100.45 |
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Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
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Analysis Done by
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KAS |
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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 |
-- |
This score serves as a reference to assess SCs
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.