MIRA INFORM REPORT
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Report Date : |
19.04.2011 |
IDENTIFICATION DETAILS
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Name : |
SHANGHAI EMATE INDUSTRIAL CO., LTD. |
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Registered Office : |
No. 1409, Jidi Road, Minhang District, Shanghai, 200335 PR |
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Country : |
China |
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Date of Incorporation : |
12.08.2010 |
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Com. Reg. No.: |
31022900149416 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
manufacturing and
selling water treatment
equipment and accessories |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Company
name & address
SHANGHAI EMATE INDUSTRIAL CO., LTD.
NO. 1409, JIDI ROAD, MINHANG DISTRICT,
SHANGHAI, 200335 PR CHINA
TEL: 86 (0) 21-69781845 FAX: 86
(0) 21-69781952
EXECUTIVE
SUMMARY
INCORPORATION DATE : AUG. 12, 2010
REGISTRATION NO. :
310229001494167
REGISTERED LEGAL FORM : LIMITED LIABILITIES CO.
STAFF STRENGTH :
40
REGISTERED CAPITAL : CNY 10,000,000
BUSINESS LINE :
MANUFACTURING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : C.O.D.
MARKET CONDITION : FAIR
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.53=USD 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 co. at local Administration
for Industry & Commerce (AIC - The official body of issuing and renewing
business license) on Aug. 12, 2010.
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 manufacturing water treatment
equipment and accessories and household appliances; selling self-made
commodities; importing and exporting commodities and technologies. (with permit
if needed)
SC is mainly engaged in manufacturing and
selling water treatment equipment and accessories.
Ms.
Zhu Yanhua is the legal representative, chairman and general manager of SC at
present.
SC is known
to have approx. 40 employees at present.
SC is currently operating at the above stated address, and this address
houses its operating office and factory in the industrial zone of Shanghai. Our
checks reveal that SC rents the total premise about 10,000 square meters.
http://www.ematewater.com/
The design is professional and the content is well organized. At present the
web site is only in English version.
Email: joyce.emate@hotmail.com
SC started its normal operation in Dec. of 2010.
MAIN
SHAREHOLDERS:
Name %
of Shareholding
Zhu Yanhua 60
Zhang Huishi 40
l
Legal Representative, Chairman and General Manager:
Ms. Zhu Yanhua in her
Working Experience(s):
At present Working in SC as legal representative, chairman and general manager.
Also working in Shanghai Emate Water Treatment Technology Co., Ltd. as legal representative.
l
Supervisor:
Zhang Huishi
SC started its normal operation in Dec. of 2010.
SC is mainly engaged in manufacturing and
selling water treatment equipment and accessories.
SC’s products mainly include: water purification products, such as residential and commercial water purification lines, clean water series, central water softener lines, and industrial water treatment equipment lines.
SC sources its
materials 90% from domestic market and 10% from overseas market. SC sells 95%
in domestic market and 5% 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 T/T, L/C, Check and Credit of 30-60 days.
Note: SC declined
to release its major suppliers and clients.
According to http://www.ematewater.com/:
Shanghai
Emate Water Treatment Technology Co., Ltd.
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.
SC’s accountant
refused to release its bank details.
Established in 2010, SC’s financial reports
are not available at present.
SC was established in Aug. of 2010 and started normal operation at the
end of 2010, its credit has not been established yet. Great caution is required
in providing credit to SC & C.O.D. is recommended.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.27 |
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UK Pound |
1 |
Rs.7208 |
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Euro |
1 |
Rs.63.66 |
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 |
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.