MIRA INFORM REPORT
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Report No. : |
339998 |
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Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
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Name : |
A.H.A INTERNATIONAL CO., LTD. |
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Registered Office : |
Jin’an Mansion, No. 306, Tunxi Road, Hefei City, Anhui Province 230001
Pr |
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Country : |
China |
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Date of Incorporation : |
28.11.2001 |
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Com. Reg. No.: |
340000000027137 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Subject is engaged
in importing and exporting various commodities. |
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No. of Employee : |
120 |
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 |
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 People’s 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.
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Source
: CIA |
Company
name and address
A.H.A INTERNATIONAL CO., LTD.
JIN’AN MANSION, NO. 306, TUNXI ROAD, HEFEI CITY, ANHUI PROVINCE 230001 PR CHINA
TEL: 86 (0)
551-64673776/64673815/64673781
FAX: 86 (0) 551-64673700
EXECUTIVE
SUMMARY
INCORPORATION DATE : nov. 28, 2001
REGISTRATION NO. : 340000000027137
REGISTERED LEGAL FORM : limited liabilities
company
STAFF STRENGTH :
120
REGISTERED CAPITAL : cny 27,896,916
BUSINESS LINE :
trading
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
UNKNOWN
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY
6.3681 = 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
SC was registered as a limited liabilities
company at provincial Administration for Industry & Commerce (AIC -The
official body of issuing and renewing business license) on Nov. 28, 2001.
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 Permission management project: Selling hazardous chemicals, non-pharmaceutical
precursor chemicals (anthranilic acid); selling prepackaged food such as
alcohol, unpacked food, milk products (including infant formula milk powder).
General operating items: import and export business; Selling chemical materials
and products, pharmaceutical raw materials, building materials, packaging
materials, machinery and electronic equipment, rubber and plastic products,
hardware, automotive, food agricultural products, health care products, mineral
products, arts and crafts, general merchandise, garments and shoes and hats,
knitting and textiles; selling of food additives; warehousing, packaging
services; business information consulting services; rental car, leasing of houses.
SC is mainly
engaged in importing and exporting various commodities.
Ms. Xu Xuehua has been legal representative and chairman of
SC since 2001.
SC is known to have approx. 120 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office and head office in the commercial zone of Hefei. SC’s
accountant refused to release the detail information of the total premise.
http://www.ahaint.com
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: xuxuehua@anhuichem.com
SC has got the ISO 9001:2008 Quality Management System Certificate.
Honors
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Changes
of its registered information:
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Date of change |
Item |
Before the change |
After the change |
|
2009 |
Registered capital |
CNY 11,760,000 |
CNY 18,620,000 |
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Shareholders |
Xu Xuehua 20.9%; Huang
Guangming 15.3%; Liang Qing 12.75%;
12.75%; Other individuals 38.3% |
Xu Xuehua 21.85% Huang Guangming 16.24% Liang Qing 14.63% Ge Min 11.82% Gao Yu 11.82% Zhang Wei 11.82% Yu Lingmin 11.82% |
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Unknown |
Registration No. |
3400001003394 |
Present one |
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2015-6-1 |
Registered capital |
CNY 18,620,000 |
Present amount |
Organization code: 733016376
See below for SC as executive party (defendant).
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Executed Party |
A.H.A International Co., Ltd. |
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Court |
Anhui Province Hefei City Intermediate
People’s Court |
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Date of Case |
September 25, 2009 |
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Case Number |
(2009) 00007 |
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Claim Amount |
CNY 0 |
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Case Status |
Completed |
Remark: Due to the lack
of information, we are unable to provide the cause of action, judgment or other
information.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Xu
Xuehua 21.85
Huang
Guangming 16.24
Liang
Qing 14.63
Ge
Min 11.82
Gao
Yu 11.82
Zhang
Wei 11.82
Yu
Lingmin 11.82
Note:
The above investment amount of shareholders was former one, and the
corresponding registered capital was CNY 18,620,000. The latest investment
amount of shareholders is not found in local AIC at present.
l Legal
representative and chairman:
Ms. Xu Xuehua , born in 1955. She is
currently responsible for the overall management of SC.
Working Experience(s):
From 2001 to present Working in SC as chairman and
legal representative
Also working in Anhui Huakun
Investment Co., Ltd. (in Chinese Pinyin) as legal representative.
l General manager:
Mr. Huang Guangming, born in 1964. He is
currently responsible for the daily management of SC.
Working Experience(s):
At present Working in SC as general manager.
Also working in Anhui Nebilia
Nutrition & Food Co., Ltd. as legal representative.
l Directors:
Yu Lingmin
Liang Qing
Ge Min
Gao Yu
Yang Jian
l Supervisors:
Xu Bin
Zhang Wei
Cheng Xiaomei
SC is mainly
engaged in importing and exporting various commodities.
SC’s products mainly include: Pharmaceuticals, Chemicals, Food
Ingredients, lighting & display, building & materials, tire, bicycles,
textiles & garments and medical appliances, etc.
SC sources its materials 80% from domestic
market, and 20% from overseas market. SC sells 10% of its products in domestic
market, and 90% 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.
TRADEMARKS & PATENTS
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Registration No. |
9340623 |
8263655 |
5921217 |
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Registration Date |
2012-4-28 |
2011-6-21 |
2009-11-28 |
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Trademark Design |
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Note:
SC’s management declined to release its major clients and suppliers.
SC is known to
invest in the following companies:
Anhui
Huakun Investment Co., Ltd. (in Chinese Pinyin)
Registration
no.: 340000000053803
Legal
representative: Xu Xuehua
Registered
capital: CNY 36,000,000
Legal
form: Shares limited co.
Incorporation
date: Nov. 11, 2011
Zenith
International Group Co., Limited (Hong Kong)
CR No.: 1037909
Date of
Incorporation:
Company Status:
Private company limited by shares
Active Status:
Live
Golden Eagle Logistics (Shanghai) Inc.
Registration No.: 310115001651674
Incorporation Date: Mar. 11, 2005
Legal rep.: Diao Li
Registered Capital: CNY 6,000,000
Web: http://www.jd-shipping.com/
E-mail: accshoff@21cn.com
Tel.: +86-(0) 13788965279
Fax: +86-21-56711559
Anhui
Nebilia Nutrition & Food Co., Ltd.
=============================
Registration No.: 340000000057613
Incorporation Date: Sep. 4, 2013
Legal rep.: Huang Guangming
Registered Capital: CNY 2,000,000
Tel:
0551-64673866、0551-64673840、0551-64673841
E-mail:
duyan@anhuichem.com
; dengzhl@anhuichem.com;
hushuang@anhuichem.com
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.
Bank of China Anhui Province Branch Operating Department
AC#：181201151347
Relationship:
Normal.
SC’s management
declined to release any financial information.
SC is considered medium-sized in its line with a development history of
14 years. Taking into consideration of SC’s general performance, reputation as
well as market conditions we would rate SC as an average credit risk company.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.61 |
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1 |
Rs.102.30 |
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Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
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Analysis Done by
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KAS |
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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.