YANDU WANXIN FOREIGN TRADE CO., LTD. was established as a joint-stock co***ny with limited responsibility on the basis of the former supply & marketing organization in October, 2000, including the membership of 8 shareholders. The registered capital at the initial stage of establishment was RMB500,000.00. The chairman is Niu Wen Long. Afterwards, the total registered capital was added to RMB5,000,000.00 in October, 2002. Now the co***ny is entitled to manage and act as a agent for the business of importing & exporting commodities and technologies (but except for the goods and commodities that Chinese governments limit us or prohibit us from importing or exporting), and we can select and send labourers abroad at the entrustment of the co***nies who have the managing rights of international labour services.
The co***ny commenced the export of farmer products, by-products and feedstuffs early in 1987. Therefore, we have gotten much experiences of organizing and exporting a large amount of farmer products, by-products and feedstuffs. At the early stage of our business, our main managing method was to supply goods resource to other foreign trade co***nies. Now our main managing method is to import & export goods self-supportedly and directly. The customers co-operating with us are GARGILL, TOEPFER, MINERMET, SK GLOBAL, DAEWOO, HAITAI INTERNATIONAL, LG, etc. At present, our main products for import and export are Chinese cotton seed meal extraction, Chinese vegetable seed meal extraction, Chinese cotton seed shell, etc. The supply capability per month is 5,000-10,000MT. According to the principle of ¡°credit is first¡±, during the whole course of our business, there hasn¡¯t been any claim made from our customers. In the respect of the management fund, we has enough and strong guarantee. We are one of the high-credit enterprises among our co-operated banks¡¯ customers and have been graded as ¡°good customer¡± by our co-operated banks in local city for years.
Moreover, we also import and export the goods of hardware, a
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