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MIRA INFORM REPORT
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Report No. : |
508192 |
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Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
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Name : |
BEIJING DING TAI
HENG RUN COMMERCIAL LTD |
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Registered Office : |
Room 3205, Floor 3, Building 92, Xinnan Road, Miyun District Beijing, Pr |
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Country : |
China |
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Date of Incorporation : |
23.01.2018 |
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Credibility Code : |
91110228MA01A53N3K |
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Legal Form : |
One-person Limited Liability Company |
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Line of Business : |
The subject’s registered business scope includes selling daily
grocery, hardware, electricity, auto parts, household appliances, furniture,
jewelry, baby articles, sanitary articles, handicrafts (without cultural
relics), gifts, cultural supplies, sporting goods, toilet appliances, kitchen
utensils, chemical products (excluding dangerous chemicals and easy drugs),
needles, clothing, shoes caps, cosmetics, lamps, lamps, boxes, bags, instruments,
photographic equipment, toys, computers, software and auxiliary equipment,
electronic products, electronic components and devices, instruments, and
metal products, class i medical device, dried fruit, nuts, beans, potato,
grain, fresh fruit, fresh vegetables, flowers, universal equipment, special
equipment, communication equipment, mechanical equipment, door, window, fire
equipment, car, intrusion detector, anti-theft alarm controller, car burglar
alarm system, alarm system exit control equipment, security insurance
cabinets, mechanical anti-theft locks, building intercom system, anti-theft
safety door, bulletproof composite glass, alarm system video surveillance
equipment; rental construction engineering machinery, construction
engineering equipment; technology development, technology transfer,
technology consultation, technical service, and technology extension; design,
production, agency and advertising; conference services; home decoration;
computer animation design; organizational culture and art exchange
activities; undertake exhibition and exhibition activities; professional
contracting, labor subcontracting; urban landscaping; business management
consulting; economic and trade consultation; family labor service; selling
food; surveying and mapping service; engineering survey (with permit if
needed) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
NB |
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Credit Rating |
Explanation |
Rating Comments |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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. China has
implemented reforms in a gradualist fashion, resulting in efficiency gains that
have contributed to a more than tenfold increase in GDP since 1978. Reforms
began with the phaseout 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 continues to pursue an industrial policy, state support of
key sectors, and a restrictive investment regime. Measured on a purchasing
power parity (PPP) basis that adjusts for price differences, China in 2016
stood as the largest economy in the world, surpassing the US in 2014 for the
first time in modern history. China became the world's largest exporter in
2010, and the largest trading nation in 2013. Still, China's per capita income
is below the world average.
After keeping its currency tightly linked to the US dollar for years,
China in July 2005 moved to an exchange rate system that references a basket of
currencies. From mid-2005 to late 2008, the renminbi appreciated more than 20%
against the US dollar, but the exchange rate remained virtually pegged to the
dollar from the onset of the global financial crisis until June 2010, when
Beijing announced it would allow a resumption of gradual liberalization. From
2013 until early 2015, the renminbi (RMB) appreciated roughly 2% against the
dollar, but the exchange rate fell 13% from mid-2015 until end-2016 amid strong
capital outflows in part stemming from the August 2015 official devaluation; in
2017 the RMB resumed appreciating against the dollar – roughly 7% from
end-of-2016 to end-of-2017. From 2013 to 2017, China had one of the fastest
growing economies in the world, averaging slightly more than 7% real growth per
year. In 2015, the People’s Bank of China announced it would continue to
carefully push for full convertibility of the renminbi, after the currency was
accepted as part of the IMF’s special drawing rights basket. However, since
late 2015 the Chinese Government has strengthened capital controls and
oversight of overseas investments to better manage the exchange rate and
maintain financial stability.
The Chinese Government faces numerous economic challenges including: (a)
reducing its high domestic savings rate and correspondingly low domestic
household consumption; (b) managing its high corporate debt burden to maintain
financial stability; (c) controlling off-balance sheet local government debt
used to finance infrastructure stimulus; (d) facilitating higher-wage job
opportunities for the aspiring middle class, including rural migrants and
college graduates, while maintaining competitiveness; (e) dampening speculative
investment in the real estate sector without sharply slowing the economy; (f)
reducing industrial overcapacity; and (g) raising productivity growth rates
through the more efficient allocation of capital and state-support for
innovation. Economic development has progressed further in coastal provinces
than in the interior, and by 2016 more than 169.3 million migrant workers and
their dependents had relocated to urban areas to find work. One consequence of
China’s population control policy known as the “one-child policy” - which was
relaxed in 2016 to permit all families to have two children - 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 urbanization. The Chinese
Government is seeking to add energy production capacity from sources other than
coal and oil, focusing on natural gas, nuclear, and clean energy development.
In 2016, China ratified the Paris Agreement, a multilateral agreement to combat
climate change, and committed to peak its carbon dioxide emissions between 2025
and 2030.
The government's 13th Five-Year Plan, unveiled in March 2016, emphasizes
the need to increase innovation and boost domestic consumption to make the
economy less dependent on government investment, exports, and heavy industry.
However, China has made more progress on subsidizing innovation than rebalancing
the economy. Beijing has committed to giving the market a more decisive role in
allocating resources, but the Chinese Government’s policies continue to favor
state-owned enterprises and emphasize stability. Chinese leaders in 2010
pledged to double China’s GDP by 2020, and the 13th Five Year Plan includes
annual economic growth targets of at least 6.5% through 2020 to achieve that
goal. 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. Chinese leaders
also have undermined some market-oriented reforms by reaffirming the “dominant”
role of the state in the economy, a stance that threatens to discourage private
initiative and make the economy less efficient over time. The slight
acceleration in economic growth in 2017—the first such uptick since 2010—gives
Beijing more latitude to pursue its economic reforms, focusing on financial
sector deleveraging and its Supply-Side Structural Reform agenda, first
announced in late 2015.
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Source
: CIA |
Company name & address
Company Name : BEIJING
DING TAI HENG RUN COMMERCIAL LTD
Address : --
Telephone : --
Facsimile : --
Website : --
Email : --
Note: The correct name of the subject is Beijing
Ding Tai Heng Run Commercial Ltd.
REGISTRATION
INFORMATION
Established Date : 2018-01-23
Credibility Code : 91110228MA01A53N3K
Legal Form : One-person
Limited Liability Company
Registration Authority: Administration for Industry & Commerce (AIC) – Miyun Branch,
Beijing
Status : Active
Registered Capital : RMB 2,000,000
Paid Up Capital : --
Turnover : --
Equities : --
Chief Executive : Gao Jinya
Business Line : Trade
Manpower : --
Tax Registration
Certificate No. : 91110228MA01A53N3K
Organization Code : MA01A53N-3
HS code : --
Import &
Export code: --
Financial Condition : --
Business Size : --
Payment : Unknown
Registered Address
ROOM 3205, FLOOR 3, BUILDING 92, XINNAN ROAD, MIYUN DISTRICT BEIJING, PR CHINA
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 RMB100,000. The
shareholder’s 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.
Premise
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.
MANAGEMENT
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Position |
Name |
Nationality |
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Legal representative, General Manager
Executive Director |
Gao Jinya |
Chinese |
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Supervisors |
Liang Ranran |
Chinese |
MAJOR SHAREHOLDERS
Name % Shareholding
Gao Jinya 100
KEY EVENTS
No Significant Changes.
BUSINESS OPERATIONS
The subject’s registered business scope includes selling daily grocery,
hardware, electricity, auto parts, household appliances, furniture, jewelry,
baby articles, sanitary articles, handicrafts (without cultural relics), gifts,
cultural supplies, sporting goods, toilet appliances, kitchen utensils,
chemical products (excluding dangerous chemicals and easy drugs), needles,
clothing, shoes caps, cosmetics, lamps, lamps, boxes, bags, instruments,
photographic equipment, toys, computers, software and auxiliary equipment,
electronic products, electronic components and devices, instruments, and metal
products, class i medical device, dried fruit, nuts, beans, potato, grain,
fresh fruit, fresh vegetables, flowers, universal equipment, special equipment,
communication equipment, mechanical equipment, door, window, fire equipment,
car, intrusion detector, anti-theft alarm controller, car burglar alarm system,
alarm system exit control equipment, security insurance cabinets, mechanical
anti-theft locks, building intercom system, anti-theft safety door, bulletproof
composite glass, alarm system video surveillance equipment; rental construction
engineering machinery, construction engineering equipment; technology
development, technology transfer, technology consultation, technical service,
and technology extension; design, production, agency and advertising;
conference services; home decoration; computer animation design; organizational
culture and art exchange activities; undertake exhibition and exhibition
activities; professional contracting, labor subcontracting; urban landscaping;
business management consulting; economic and trade consultation; family labor
service; selling food; surveying and mapping service; engineering survey (with
permit if needed)
Exhausting our efforts, we are unable to find
the subject’s telephone number in various information sources.
We are unable to contact the subject, so the
operations of the subject could not be provided.
SUPPLIER & CUSTOMER
No record.
RELATED COMPANIES
No Subsidiary
NEGATIVE INFORMATION
Lawsuit Record: No record.
Trade payment
experience: No record.
Delinquent payment record: None in our database.
Debt collection record: No overdue amount owed by the subject was placed to us for collection
within the last 6 years.
Customs
administrative penalty: No record.
Equity freeze
information: No record.
Administrative Penalty: No record.
MORTGAGE
There is no record of mortgage information at
present.
TRADEMARK
No record.
PATENT
No record.
BANKING
No record.
ABBREVIATED FINANCIAL STATEMENT
Established newly in Yr2018, the subject’s
financial for Yr2016 & 2017 are unarchived in the local AIC.
COMMENT
The subject was registered as a One-person Limited Liability Company at
local Administration for Industry & Commerce (AIC - The official body of
issuing and renewing business license). Despite having
exhausted all our effort, we are unable to contact the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.38 |
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1 |
INR 91.09 |
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Euro |
1 |
INR 79.75 |
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CNY |
1 |
INR 10.59 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
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Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.