HDBC Report - Business Information Report

D-U-N-S: 52-975-4368

Prepared for

Online Trust

Subscriber Key

927999999

Delivery Date

Oct 21,2009

Printed on

Oct 21,2009

Inquiry Date

Oct 14,2009

Inquiry Subject

廣州萊雅化工有限公司

Inquiry Address

佛山順德順峰工業區佛山

Inquiry Phone/Fax

(P)0757-22325925 (F)0757-22325993

Inquiry Reference

Online Trust CS Dept.

Huaxia D&B China Risk Index (NCRI) is now upgraded to the Emerging Market Mediation Alert Score (EMMA Score)!

In view of the data challenges and the very dynamic nature of fast growing markets like China, Huaxia D&B China has developed a new and more applicable risk assessment model for Chinese enterprises, Emerging Market Mediation Alert Score (EMMA Score).

From June 29, 2009 onwards, the new China EMMA Score will replace the original “NCRI” in all applicable Huaxia D&B China reports. EMMA Score can effectively predict the likelihood that one company is in perilous status of instability or unreliability in 12 months. Now assess your customers, suppliers and trading partners with more accurate, sensitive, dynamic and reliable EMMA Score!

For more information, please visit www.huaxiadnb.com or call our customer service.

Hotline: Shanghai: 400-820-3536 Beijing: 400-810-3531 Guangzhou: 800-830-9032

THIS REPORT MAY NOT BE REPRODUCED IN WHOLE OR IN PART IN ANY FORM OR MANNER WHATSOEVER

This report, furnished pursuant to contract for the exclusive use of the subscriber as one factor to consider in connection with credit, insurance, marketing or other business decisions, contains information compiled from sources which Shanghai Huaxia Dun & Bradstreet Business Information Consulting Co., Limited (Huaxia D&B China) does not control and whose information, unless otherwise indicated in the report, has not been verified. In furnishing this report, Huaxia D&B China in no way assumes any part of the user's business risk, does not guarantee the accuracy, completeness, or timeliness of the information provided, and shall not be liable for any loss or injury whatever resulting from contingencies beyond its control or from negligence.

		IDENTIFICATION & SUMMARY

Identification


Company Name	Guangdong Laya Chemical Co., Ltd.
Chinese Name	廣東萊雅化工有限公司
DUNS® Number	52-975-4368

Address	Shunfengshan Industrial Zone, Daliang Town, Shunde Dist.
	Foshan
	Guangdong
Postal Code	528305
Address (Chinese)	順德區大良鎮順峰山工業區
	佛山市
	廣東省
Telephone	0757 22325925
	0757 22293888
Facsimile	0757 22325993
Website	www.floralecstasy.com

Type of Business	A limited company

Year Started	1999
History	Clear
Imports	Yes
Exports	Yes

Employees	800 (Total)

Principal	Weiming LIANG / Chairman

US SIC Code	2844 0103
Primary Business	Home permanent kits

	Risk Summary

	RISK EVALUATION
	EMMA Score	5
	D&B Rating	3A3(PRV. --)
	LEGAL EVENTS
	Litigation Records	0
	PRINCIPAL INFORMATION
	Principal(s)	1
	PAYMENT INFORMATION
	Trade References	9
	COMPANY KEY EVENTS
	History Changes	6
	Media Records	0
	FINANCIAL SUMMARY
	Registered Capital	RMB 30,000,000
	Sales/Turnover	285,301,000 (2008)
	Tangible Net Worth	32,926,000 (2008)
	Total Assets	158,707,000 (2008)
	Shareholders Equity	33,438,000 (2008)

Click on summary items for full details

CURRENCY
All monetary amounts quoted in this report are shown in Renminbi(RMB) unless otherwise stated.

REMARK
"-" stands for "Insufficient information" or "No comments".

Risk Assessment

EMMA Score

Relative Risk

Slight Below Average Risk

D&B Rating	3A3 (Previous --)
Financial Strength	3A	(Based on Tangible Net Worth 32,926,000 )
Composite Appraisal	3	Overall credit condition - Fair

Company Overview

Subject is a limited enterprise established in 1999. It is of fair size in the line of business. In 2008, subject achieved revenue of RMB 285,301,000, lower than that in 2007. The net profit was RMB 1,240,000.

Current Investigation

On Oct 21,2009 , Business Assistant Mr. Liang Zhiming,

(Tel:0757-22325925)confirmed historical and operational information,other information was obtained from a third party source and last investigation.

Report name is subject’s official English name.

History Changes

Date		Event
May 19,2003		Name changed
Mar 05,2001		Address changed
May 19,2003		Address changed
Nov 21,2006		Capital changed

RISK ANALYSIS

EMMA Score

1	2	3	4	5	6	7	8	9	10

Company EMMA Score

The Company EMMA Score is 5, indicating Slight Below Average Risk.

EMMA Score Analysis

Subject is rated average scores in some aspects and poor scores in other aspects as follows:

	Good Factor	Bad Factor
	Business Type	Quick ratio
	History Status	Net profit Margin

EMMA Score

Industry Norm Grouping

Industry Group SIC

2844

Industry Group Description

Toilet preparations

Industry Group EMMA Score Quartile Values

Lower Quartile 3

Median 5

Upper Quartile 7

Company Risk Vs Industry Norm Chart

EMMA Score

Lower Quartile
Median
Upper Quartile

EMMA Score

Guangdong Laya Chemical Co., Ltd.

Industry

Distribution of EMMA Score in Huaxia D&B China's Database

40%
35%
30%
25%
20%
15%
10%
5%
0%

Score	Distribution
1	15%
2	7%
3	11%
4	17%
5	16%
6	7%
7	9%
8	6%
9	6%
10	6%

Note: please refer to the report appendix for the principle and major factors of Huaxia D&B China EMMA Score.

TRADE PAYMENTS

Trade Payment Information

Trade Payment Experiences Summary

Value Bands RMB	No. of Exp	Total Value RMB	Within Terms	1-30 Days	31-60 Days	61-90 Days	91+ Days
>2,000,000	0	0	0%	0%	0%	0%	0%
200,000 - 1,999,999	0	0	0%	0%	0%	0%	0%
100,000 - 199,999	1	100,000	0%	100%	0%	0%	0%
20,000 - 99,999	1	80,000	100%	0%	0%	0%	0%
10,000 - 19,999	6	90,000	100%	0%	0%	0%	0%
<10,000	0	0	0%	0%	0%	0%	0%
TOTAL	8	270,000	88%	12%	0%	0%	0%

Detailed Information

Trade Payment Experiences Details

(Amounts may be rounded to the nearest figure in prescribed ranges)

Date	Paying Record	High Credit	Now Owes	Past Due	Selling Terms	Last Sale
Jul 31,2009	Slow 30+	100,000	100,000	80,000	Net 30	--
Jun 30,2009	Prompt	80,000	80,000	0	Net 30	--
May 31,2009	Prompt	15,000	0	0	Advance	--
Apr 30,2009	Prompt	15,000	0	0	Advance	--
Mar 31,2009	Prompt	15,000	2,500	0	Net 30	--
Feb 28,2009	Prompt	15,000	0	0	Advance	--
Jan 31,2009	Prompt	15,000	0	0	Advance	--
Dec 31,2008	Prompt/Slow 30+		30,000	5,000	Net	--
Nov 30,2008	Prompt	15,000	2,500	0	Net 30	--

Note: The above payment record reflects how accounts are paid in relation to the terms granted. Slow-30, for example, indicates a 30 day term where 30 additional days are taken. In some instance, payment beyond terms can be the result of disputes over merchandise, lost invoices, etc

HISTORY

Registration

Registration Date	Jul 20,1999
Registered At	Foshan Shunde Dist. Administration for Industry & Commerce
Registration No.	440681000080927
National Organization Code	708166292
Registered Capital	RMB 30,000,000
Tax No.	440681708166292
Business Started	1999
Type of Business	a limited company
Registered Address	Shunfengshan Industrial Zone, Daliang Town, Shunde Dist., Foshan
Legal Representative	Liang Weiming
Business Scope	Producing hair and skin care cosmetics (aerosols); processing electric mosquito tablets, electric mosquito liquid; wholesaling aerosols, organic solvent units (aerosols), air refresheners, lubricants, polishing wax, release agents, insecticide aerosols (having warehouses); producing hazardous chemical packaging products and containers; aerosol cans (class I packaging); printing packaging & decorative printed matters and other printed matters (subject to the operation period of the license); importing and exporting (on agent basis) various commodities and technologies, excluding those restricted or prohibited by the state, with valid license if required.

Shareholder(s)

Shareholding Structure

Name	Region/ Country	Shares	Investment Mode	Paid-Up Rate
Liang Weiming 梁偉明	China	55%	Cash	fully paid
Luo Jiansong 羅健松	China	20%	Cash	fully paid
Liang Zhiming 梁志明	China	25%	Cash	fully paid
Total		100%

Comment:

Subject passed the annual inspection of 2008 with Administration for Industry & Commerce.

History Changes

Name Changed

From:	Shunde Laya Chemical Co., Ltd.
To:	captioned name	On(in) May 19,2003

Address Changed

From:	(registered address) Shunfengshan Industrial Zone, Desheng Dist., Shunde
To:	(registered address) Shunfengshan Industrial Zone, Daliang Dist., Shunde	On(in) Mar 05,2001
To:	captioned address	On(in) May 19,2003

Capital Changed

From:	RMB 20,000,000
To:	RMB 30,000,000	On(in) Nov 21,2006

Registration Number Changed

From:	23196545-9
To:	4406812004951	On(in) Jan 19,2000
To:	440681000080927	On(in) Jun 05,2008

History Summary

Subject was established on July 20, 1999. Now, the registered capital is RMB 30 million, and the shareholders are Liang Weiming (55%), Luo Jiansong (20%), and Liang Zhiming (25%).

PRINCIPALS

Principal(s)

Weiming LIANG - Chairman/Legal Representative
梁偉明

Gender	Male
Year of Birth	1967
Nationality	China
ID Number	440623670211171
Started with Subject	1999
Activity Status	Yes
Area of Responsibility	Overall management
Related Working Experience	Since 1989

		OPERATIONS

Line of Business

Subject is mainly engaged in production and sales of general liquefaction unit (hair clean class), aerosols and organic solvents unit (aerosol), air fresheners, lubricants, polishing wax, release agents, insecticide aerosol sprays,

electric mosquito tablets, mosquito liquid and so on.
Subject provides OEM services.

2844 0103 Home permanent kits

2879 0107 Pesticides, agricultural or household

2899 9900 Chemical preparations, nec

Brands

Brands Owned

Boost
Qi Li
Kingbo
Gui Li Yuan
Dong Cai

Agencies Held

Subject is entitled to independent import and export rights.

Awards & Certifications

Awards & Certifications Name

ISO9001:2000

Products & Services

	Product Name	Maximum Productivity
	Aerosol	200,000,000 cans per year

Purchasing

Purchase Territory

Area	Percent	Region/Country
Domestic	90%	Pearl River Delta
Overseas	10%	Europe South East Asia

Major Suppliers

Area	Name	DUNS
Domestic	Hainan Haiwoo Tinplate Industry Co.,Ltd.	65-468-4547
Domestic	Majesty Dispensing Systems Co., Ltd.	54-486-8656
Domestic	Guangzhou Lianwang Paper Products Co., Ltd.	54-531-3400
Domestic	ICI Swire Paints (China) Ltd.	65-451-3654

Selling

Sales Territory

Area	Percent	Region/Country
Domestic	60%	-
Overseas	40%	Europe Japan

Selling Terms

	Terms		Percent
	Advance	-	-

Selling Settlement Method

	Settlement Method	Percent
	T/T
	L/C

Major Customers

Area	Name	DUNS
Domestic	Shenzhen Yuansheng Co., Ltd.
Domestic	Wanmei China Daily Necessary Co., Ltd.

Employees

Employee Size

	Type	Number
	Total	800

Major Functional Departments

	Department(s)
	Administration Dept.	Business Dept.
	Finance Dept.	Purchasing Dept.
	Production Dept.	others

Operations Summary

Subject is mainly engaged in manufacturing and selling liquefaction unit (hair clean class), aerosols and organic solvents unit (aerosol), air fresheners, lubricants, polishing wax, release agents, insecticide aerosol sprays, electric mosquito tablets, mosquito Liquid. The brands are including Boost, Qi Li, Kingbo, Gui Li Yuan, Dong Cai. The annual output capacity of aerosol is 0.2 billion per year.

Subject is capable of providing OEM service. It was awarded ISO9001:2000 certificate. It is entitled with independent import and export right.

Most of the raw materials are purchased in local area, mainly in Zhujiang Delta Area, and few of them are imported from overseas, such as Europe, Southeast Asia. Most of the products are sold in local area, and parts of them are exported to overseas, such as Europe, USA. At present, subject has about 800 employees.

Location

Principal Place of Business

Location Description	An industrial area
Occupation Type	Occupies

Other Place of Business

Type	REGISTERED ADDRESS
Address	Shunfengshan Industrial Zone, Daliang Town, Shunde Dist., Foshan

FINANCE & BANKING

Finance

The 2008 financial statements were obtained from outside sources.

Financial Highlights

	Dec 31,2008 RMB '000	Change %	Dec 31,2007 RMB '000
Current Assets	110,858	-16.20%	132,287
Current Liabilities	125,269	-13.55%	144,908
Working Capital	(14,411)	-14.18%	(12,621)
Tangible Net Worth	32,926	1.64%	32,395
Fixed Assets	41,355	-1.09%	41,809
Total Assets	158,707	-10.49%	177,303
Total Liabilities	125,269	-13.55%	144,908
Shareholders Equity	33,438	3.22%	32,395
Sales	285,301	-19.60%	354,864
Net Profit	1,240	-90.88%	13,600

Balance Sheet

	Dec 31,2008 RMB '000 Fiscal (Independent)	Dec 31,2007 RMB '000 Fiscal (Independent)
Cash and Bank	27,440	-
Accounts Receivables	22,084	27,273
Notes Receivables	295	-
Other Receivables	760	-
Prepaid Expense	595	-
Inventory	55,934	70,525
Short Term Investments	3,750	-
Other Current Assets	-	34,489
Total Current Assets	110,858	132,287
Fixed Assets, at cost	79,910	-
Less Acc. Depreciation	(38,560)	-
Other Fixed Assets	-	41,809
Guarantee Deposit Paid	5	-
Total Fixed Assets	41,355	41,809
Intangibles	512	-
Total Intangible Assets	512	-
Shares(Unlisted)	2,000	-
Deferred Assets	305	-
Other Assets	-	3,207
Total Investment & Other Assets	5,982	3,207
TOTAL ASSETS	158,707	177,303
Short-Term Loans	63,378	-
Accounts Payable	25,784	54,378
Notes Payable	23,833	-
Other Payables	12,892	-
Tax Payable	(662)	-
Other Creditors/Accruals	44	-
Other Current Liabilities	-	90,530
Total Current Liabilities	125,269	144,908
Total Non-Current Liabilities	-	-
Total Liabilities	125,269	144,908
Capital	30,000	30,000
Capital Reserve	264	-
Retained Earnings	3,174	-
Others	-	2,395
Total Equity	33,438	32,395
TOTAL LIABILITIES & EQUITY	158,707	177,303

Profit & Loss Statement

	Dec 31,2008 RMB '000 Fiscal (Independent)	Dec 31,2007 RMB '000 Fiscal (Independent)
Sales	285,301	354,864
-Cost of Goods Sold	244,390	298,510
-Sales Tax	1,057	1,473
Gross Profit/Loss	39,854	54,881
+Other Operating Income	56	89
-Operating Expenses	15,004	15,374
-Administrative Expenses	17,615	16,810
-Financial Expenses	5,656	4,309
Operating Profit/Loss	1,635	18,477
+Non-Operating Income	83	62
-Non-Operating Expense	65	1,381
Profit/Loss Before Tax	1,653	17,158
-Income Tax	413	3,558
Profit/Loss After Tax	1,240	13,600
Net Profit(Loss)	1,240	13,600

Key Financial Ratios

Ratio	2008	2007
Current Ratio	0.88	0.91
Quick Ratio	0.43	0.42
Total Debt/Equity Ratio	3.74	4.47
Debt Ratio	0.78	0.81
Collection Period (Days)	27	27
Payment Period (Days)	35	65
Inventory Turnover (Days)	82	85
Asset Turnover	1.79	2.00
Gross Profit Margin %	13.96	15.46
Net Profit Margin %	0.43	3.83
Return on Equity %	3.70	41.98
Return on Assets %	0.78	7.67

Financial Comments

There are big variances between financial figures of the tow years because of different data sources.

Industry Financial Norms

Ratio	2007	2006	2005
No. of enterprises covered	87	110	81
Current Ratio Total Current Assets/Total Current Liabilities	1.58	1.32	1.99
Quick Ratio (Total Current Assets - Total Inventory)/Total Current Liabilities	1.13	1.18	1.59
Debt/Equity Ratio Total Liabilities/Total Equity	0.65	0.72	1.64
Debt Ratio Total Liabilities/Total Assets	0.40	0.69	0.79
Collection Period (Days) Accounts Receivable/Sales x 360	94.89	38.99	43.62
Payment Period (Days) Accounts Payable/Cost of Sales x 360	61.32	144.06	78.57
Inventory Turnover (Days) Total Inventory/Cost of Sales x 360	67.12	65.41	190.95
Asset Turnover Net Sales/Total Assets	1.38	1.22	1.86
Net Profit Margin % Net Profit(Loss)/Sales x 100%	12.01	13.08	10.04
Return On Equity % Net Profit(Loss)/Total Equity x 100%	41.63	14.23	13.98
Return On Assets % Net Profit(Loss)/Total Assets x 100%	3.39	4.71	4.02

Above industry financial norms were derived by calculating the data in HDBC's database.

Banking

The company maintains relationship(s) with the following bank(s) in China:

The Agricultural Bank of China, Foshan Shunde Desheng Sub Branch

Account Number

44496001040001868

		INDUSTRY HIGHLIGHTS

Industry Highlights

Industry Highlights Not Available

Public Records

Litigation Records

Up to Oct 21,2009 , HDBC has searched the China Court website, website of local court in the place where subject is located, major domestic courts nets as well as our internal China court database, but no related
court records can be found against the subject during current investigation.

Clarifications:

1. There lacks public access to litigation records in Chinese courts.

2. There also lacks a centralized database for litigation information as China’s legal regime is built vertically and one segment is separate from another.

3. Information search is not feasible in courts.

		APPENDICES

HDBC EMMA Score

D&B EMMA Score (Emerging Market Mediation Alert Score) is a risk assessment model developed for emerging market countries. It is a score developed by data profiling approach and statistical molding, which predicts the possibility of a business in perilous status of instability or unreliability, such as poor financials, late payment, stale inventory, abnormal operational status, etc. The EMMA Score provides you with a quick assessment of a business' risk standing, and when used together with other information, allows you to make better risk decisions. The EMMA Score is based on a scale of 1 to 10, where 1 represents a lower risk and 10 a higher risk.

HDBC EMMA Score Commentary

Range	% of High Risk Business	EMMA Score	% of Report in Database	Commentary
Low Risk Scores	2.0%	1	10.5%	Much lower Risk
	2.7%	2	8.6%	Low Risk
	3.1%	3	10.8%	Moderate low Risk
Medium Risk Scores	4.7%	4	16.3%	Below average Risk
	7.0%	5	15.9%	Slight below average Risk
	8.1%	6	11.4%	Average Risk
	10.9%	7	7.1%	Higher than average Risk
High Risk Scores	16.5%	8	6.8%	Moderate high Risk
	24.5%	9	6.5%	High Risk
	41.9%	10	6.1%	Much Higher Risk

EMMA Score for China is initially rolled out in May 2009, derived from an Index Development Sample of close to 4,000,000 company records. When using the Score to make individual applicant decisions, a customized version of this table based on an analysis of the Score against your customer account portfolio is recommended. It does not necessarily mean doing business with a company, which is assigned with higher Risk Score, will result in increased risk.

The Key Drivers of the EMMA Score include the following:

Business Information

Business Type
Line of Business
Employee Size
Sales Territory
Registered Capital
Years in Business
History Status
Property Ownership

Public Record

Number of Negative Record

Financial Information

Quick Ratio
Debt Ratio
Assets Turnover
Collection Period
Net Profit Margin
Return on Equity

Geographical Information

Region & Province

Payment Information

Payment Period
Percentage of Overdue Payment

EMMA Score Application

Low EMMA Score - May proceed to process the applicant quickly with minimal or no manual review depending on the extent of score validation analysis.
Medium EMMA Score - Medium Risk Scores - Recommend a manual review of the applicant based on the applicant's capacity, your internal policy and risk tolerance.
High EMMA Score - High Risk Scores - Requires thorough manual review of potential decline, or approval depending on the applicant's capacity, your internal policy and risk tolerance.

The above illustration assumes that no prior history or experience with the new applicant. When using EMMA Score, combination with other information including an internal assessment policies, other HDBC data, and front channel input is suggested.

D&B Rating

D&B Rating Interpretation Tables

Financial Strength		Composite Credit Appraisal
Rate	Renminbi (RMB)	High	Good	Fair	Limited
5A	450,000,000 and over	1	2	3	4
4A	85,000,000 to 449,999,999	1	2	3	4
3A	8,500,000 to 84,999,999	1	2	3	4
2A	6,500,000 to 8,499,999	1	2	3	4
1A	4,500,000 to 6,499,999	1	2	3	4
BA	2,500,000 to 4,499,999	1	2	3	4
BB	1,750,000 to 2,499,999	1	2	3	4
CB	1,000,000 to 1,749,999	1	2	3	4
CC	650,000 to 999,999	1	2	3	4
DC	450,000 to 649,999	1	2	3	4
DD	300,000 to 449,999	1	2	3	4
EE	200,000 to 299,999	1	2	3	4
FF	85,000 to 199,999	1	2	3	4
GG	50,000 to 84,999	1	2	3	4
HH	Below 50,000	1	2	3	4
1R	Over 999,999		2	3	4
2R	450,000 to 999,999		2	3	4
The symbols 5A - HH are based on tangible net worth; 1R and 2R are based on estimated tangible net worth.

Alternative Ratings Used
INV	Indicates that D&B is currently conducting an investigation to gather the most current details.
DS	Indicates that only brief partial information is currently available on the company, and a full investigation will be conducted once an enquiry is placed.
--	The blank symbol should not be interpreted as indicating that credit should be denied. It simply means that the information available to Dun & Bradstreet does not permit us to classify the company within our rating key and that further enquiry should be made before reaching a decision. Some reasons for using a "--" symbol include: deficit tangible net worth, bankruptcy proceedings, lack of a current financial statement, insufficient payment information, or incomplete history information.
NQ (Out of Business)	All companies that have ceased operations or have been voluntarily or involuntarily liquidated.
BR	Branch or division location.
ER	These ratings are assigned based on the Total employee size of the subject companies. They are given to banks, insurance companies, investment trusts, security brokers or companies which do not seek normal commercial credit, and hence the normal credit rating principals are not applied Note:ERN (Not Available) should not be interpreted negatively. It simply means we do not have information indicating how many people are employed at this firm.

Employee Range Designation
ER1	1,000 or more employees
ER2	500 to 999 employees
ER3	100 to 499 employees
ER4	50 to 99 employees
ER5	20 to 49 employees
ER6	10 to 19 employees

Glossary

Explanations

Administration for Industry & Commerce is a government entity subordinating to the State Council. It is in charge of the market supervision, management and other related administrative law enforcement affairs. Its major responsibilities include but not limit to organizing and managing the business registration, checking and ratifying registered company names, examining, approving and issuing relevant licenses for enterprises of all types (including foreign invested enterprises) and other business units, individuals and foreign (regional) enterprises representative organizations.

Customer Service

Customer Service Contact Information

	Web		www.huaxiadnb.com
	Email		enquiry@huaxiadnb.com
	Telephone		400-820-3536 (Shanghai)
			800-810-5260 (Beijing)
			800-830-9032 (Guangzhou)

Our ref: 200910149309300170

Your ref: Online Trust CS Dept.

Remarks

Whilst Huaxia D&B China attempts to ensure that the information provided is accurate and complete by reason of the immense quantity of detailed matter dealt within compiling the information and the fact that some of the data are supplied from sources not controlled by Huaxia D&B China which cannot always be verified, including information provided direct from the subject of enquiry as well as the possibility of negligence and mistake, HDBC does not guarantee the correctness or the effective delivery of the information and will not be held responsible for any errors or omissions therein.

Guangdong Laya Chemical Co., Ltd.

D-U-N-S: 52-975-4368

Huaxia D&B China Risk Index (NCRI) is now upgraded to the Emerging Market Mediation Alert Score (EMMA Score)!

Guangdong Laya Chemical Co., Ltd.

IDENTIFICATION & SUMMARY

Identification

Risk Summary

RISK EVALUATION

LEGAL EVENTS

PRINCIPAL INFORMATION

PAYMENT INFORMATION

COMPANY KEY EVENTS

FINANCIAL SUMMARY

Risk Assessment

Company Overview

Current Investigation

History Changes

RISK ANALYSIS

EMMA Score

Company EMMA Score

EMMA Score Analysis

Industry Norm Grouping

Company Risk Vs Industry Norm Chart

Distribution of EMMA Score in Huaxia D&B China's Database

TRADE PAYMENTS

Trade Payment Information

Trade Payment Experiences Summary

Trade Payment Experiences Details

HISTORY

Registration

Shareholder(s)

Shareholding Structure

Comment:

History Changes

Name Changed

Address Changed

Capital Changed

Registration Number Changed

History Summary

PRINCIPALS

Principal(s)

Weiming LIANG - Chairman/Legal Representative梁 偉明

OPERATIONS

Line of Business

Brands

Agencies Held

Awards & Certifications

Products & Services

Purchasing

Purchase Territory

Major Suppliers

Selling

Sales Territory

Selling Terms

Selling Settlement Method

Major Customers

Employees

Employee Size

Major Functional Departments

Operations Summary

Location

Principal Place of Business

Other Place of Business

FINANCE & BANKING

Finance

Financial Highlights

Balance Sheet

Profit & Loss Statement

Key Financial Ratios

Financial Comments

Industry Financial Norms

Banking

The Agricultural Bank of China, Foshan Shunde Desheng Sub Branch

INDUSTRY HIGHLIGHTS

Industry Highlights

Public Records

Litigation Records

APPENDICES

HDBC EMMA Score

HDBC EMMA Score Commentary

Weiming LIANG - Chairman/Legal Representative
梁偉明