MIRA
INFORM REPORT
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Report Date : |
10.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
Quanta Marine Design Co., Ltd. |
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Registered Office : |
7F, Honghui
Building, No.468 Caoxi North Road, Shanghai, 200030 Pr |
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Country : |
China |
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Date of Incorporation : |
29.10. 2007 |
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Com. Reg. No.: |
310228001047073 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Supplying
Technology Services of Ship and Marine Engineering, including Research, Development
and Design of Ship and Marine Engineering, Technical Consultation,
Supervision, Ship Trade, and so on. |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
Quanta Marine Design Co., Ltd.
7F, HONGHUI
BUILDING, NO.468 CAOXI NORTH ROAD,
SHANGHAI, 200030 PR
CHINA
TEL: 86 (0)
21-64689161 FAX: 86 (0) 21-64879336
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 29, 2007
REGISTRATION NO. : 310228001047073
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH :
15
REGISTERED CAPITAL : CNY 300,000
BUSINESS LINE : MARINE ENGINEERING SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2007)
EQUITIES :
N/A (AS OF DEC. 31, 2007)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : C.O.D. TO SMALL AMOUNT
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY
6.8385 = US$ 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
SC was registered as a limited liabilities company at local
Administration for Industry & Commerce (AIC - The official body of issuing
and renewing business license) on October 29, 2007.
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 technology development, services and consultant for ships; ship
design; selling marine equipment (with permits if needed).
SC is mainly
engaged in supplying technology services of ship and marine engineering,
including research, development and design of ship and marine engineering,
technical consultation, supervision, ship trade, and so on.
Mr. Zhang Yi has
been legal representative and chairman of SC since October 2007.
SC is known to have approx. 15 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 Shanghai. Our checks
reveal that SC rents the total premise about 130 square meters.
http://www.quanta-marine.com/
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: shanghai@quanta-marine.com
No significant events or changes were found during our checks with the
local Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name Investment Amount
Zhang Yi CNY
100,000
Zhang Ming CNY
100,000
Zhang Shitian CNY
100,000
l
Legal representative, chairman and general
manager:
Mr. Zhang Yi, about 30 years old, with university education. He is currently
responsible for the overall management of SC.
Working Experience(s):
From 2007 to present Working
in SC as chairman, legal representative and general manager.
SC is mainly engaged
in supplying technology services of ship and marine engineering, including
research, development and design of ship and marine engineering, technical
consultation, supervision, ship trade, and so on.
SC can undertake various ship models such as
General Cargo Vessel, multi-purpose Cargo Vessel, Oil tanker, Chemical Tanker,
Bulk Carrier, Container Vessel, Engineering Ship, Tug, luxury yachts and other
contract design, detailed design, production design task.
SC is
not known to have any subsidiary at present.
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.
First Sino Bank Shanghai Xuhui Sub-branch
AC#N/A
Relationship:
Normal.
Established in October of 2007, SC’s annual financial reports are not available
at present.
SC is considered small-sized in its line with a short history. Credit
dealings with SC are recommended under secured terms at present.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.12 |
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UK Pound |
1 |
Rs.79.60 |
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Euro |
1 |
Rs.63.83 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)