MIRA
INFORM REPORT
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Report Date : |
03.12.2011 |
IDENTIFICATION DETAILS
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Name : |
JINAN SUPERTIME TECHNOLOGY CO., LTD. |
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Registered Office : |
No. 3999 Airport Road, Lingang Development Zone, Jinan
Shandong Province 250031 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
12.04.2005 |
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Com. Reg. No.: |
370100200082829 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Manufacturing industrial automation products; technology service and network service; selling culture and education products and electric appliances. |
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No. of Employees : |
26 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Very Small 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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 and address
JINAN SUPERTIME TECHNOLOGY CO., LTD.
NO. 3999 AIRPORT ROAD, LINGANG DEVELOPMENT ZONE, JINAN
SHANDONG PROVINCE 250031 PR CHINA
TEL: 86 (0) 531-88735188
FAX: 86 (0) 531-88735288
EXECUTIVE SUMMARY
Date of Registration : APRil 12, 2005
REGISTRATION NO. : 370100200082829
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL : CNY 510,000
staff :
26
BUSINESS CATEGORY : manufacturing
Revenue :
CNY 18,812,000 (AS OF DEC. 31, 2010)
EQUITIES :
CNY 34,000 (AS OF DEC. 31, 2010)
WEBSITE : www.jntime.com
E-MAIL :
info@jntime.com
PAYMENT :
AVERAGE
Recommended Credit Limit: c.o.d.
MARKET CONDITION : fair
FINANCIAL CONDITION : FAIR
OPERATIONAL TREND : DOWNWARD
GENERAL REPUTATION : fair
EXCHANGE RATE :
CNY 6.38 = USD 1
Adopted abbreviations (as follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
OPERATIONAL TREND & GENERAL
REPUTATION
This section aims at indicating the relative positions of SC in respect
of its operational trend & general reputation
Operational Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not known Not
yet be determined
Not yet be determined
LEGAL STATUS & HISTORY
SC was established
as a limited liabilities company of PRC with State Administration of Industry
& Commerce (SAIC) under registration No.: 370100200082829
on April 12, 2005.
SC’s Organization Code Certificate No.:
77319867-X
SC’s registered capital: CNY 510,000
SC’s paid-in capital: CNY 510,000
Registration Change Record:
No significant changes of SC have been noted
in SAIC since its incorporation.
Current Co search indicates SC’s shareholders & chief executives are
as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Sun Mingjiao |
5 |
|
Yu Zhaoxia |
95 |
SC’s Chief Executives:-
|
Position |
Name |
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Legal Representative and Chairman |
Sun Mingjiao |
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General Manager |
Yu Zhaoxia |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Sun Mingjiao 5
Yu Zhaoxia 95
MANAGEMENT
Sun Mingjiao Legal Representative and Chairman
-----------------------------------------------------------------------------
Ø
Gender: M
Ø
Age:
Ø
Qualification:
University
Ø
Working
experience (s):
From 2005 to present, working in SC as legal representative
and chairman
Yu Zhaoxia ,
General Manager
---------------------------------------------------
Ø
Gender: F
Ø
Age:
Ø
Qualification:
University
Ø
Working
experience (s):
From 2005 to present, working in SC as general manager
BUSINESS OPERATION
SC’s registered business scope includes manufacturing industrial
automation products; technology service and network service; selling culture
and education products and electric appliances.
SC is mainly
engaged in manufacturing and selling optical-electro mechanical integration CNC
processing equipment.
SC’s products
mainly include:
Automatic Production
Line for Marking, Punching and Shearing of Angle
CNC Hydraulic and
Punching Machine CJ100
YC100 CNC
Hydraulic Angle Punch, Marking Line
CNC Production for
Drilling, Marking of Angle
Hydraulic Marking
Machine
XGZJ100 Angle
straightener machine
GD20 Roll Shearing
for chamfering (beveling) Machine
CNC beam drilling
and sawing tandem line
CNC beam drilling
machine
Beam sawing
machine
SC sources its
materials 100% from domestic market. SC sells 80% of its products in domestic
market, and 20% to the overseas market, mainly India.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include T/T, L/C and Credit of 30-60 days.
*Major Customer
==============
Shandong Electric Power Transmission &
Substation Engineering Company
*Major Exporting
Agency
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Shandong Kailai
International Trade Co., Ltd.
(China Construction Bank Shandong Branch)
Staff & Office:
--------------------------
SC is known
to have approx. 26 staff at
present.
SC rents an area
as its operating office & factory of approx. 1,500 sq. meters at the
heading address.
RELATED COMPANY
SC
is not known to have any subsidiary at present.
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet be 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.
BANKING
Basic Bank:
Shanghai Pudong Development Bank Jinan Branch
AC#:
24070154800000302
FINANCIALS
Financial Summary
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Unit: CNY’000 |
As
of Dec. 31, 2010 |
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Long term investment |
0 |
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Total assets |
8,248 |
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Long term liabilities |
0 |
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Total
liabilities |
8,214 |
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Equities |
34 |
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Revenue |
18,812 |
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Profit before
tax |
-226 |
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Less: profit tax |
0 |
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Profits |
-226 |
Note: The detailed financials for Y2010 are not filed in SAIC.
Important Ratios
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As
of Dec. 31, 2010 |
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*Liabilities
to assets |
1.00 |
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*Net profit
margin (%) |
-1.20 |
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*Return on
total assets (%) |
-2.74 |
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*
Revenue/Total assets |
2.28 |
FINANCIAL COMMENTS
PROFITABILITY:
FAIR
l
The revenue of SC appears fair in its line.
l
SC’s net profit margin is fair.
l
SC’s return on total assets is fair.
LIQUIDITY: AVERAGE
l
SC’s revenue is in an average level, comparing with
the size of its total assets.
LEVERAGE: FAIR
l
The debt ratio of SC is high.
l
The risk for SC to go bankrupt is above average.
Overall financial
condition of the SC: Fair
CONCLUSIONS
SC is considered small-sized in its line with fair financial conditions.
Great caution is required in providing credit to SC and C.O.D. is recommended.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
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|
1 |
Rs.80.50 |
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Euro |
1 |
Rs.69.14 |
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 |
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-- |
NB |
New Business |
-- |
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.