MIRA
INFORM REPORT
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Report Date : |
07.12.2011 |
IDENTIFICATION DETAILS
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Name : |
SUZHOU AKCOME PHOTOVOLTAIC SYSTEM CO., LTD |
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Registered Office : |
Zhenbei West Road, Economic Development Park, Zhangjiagang, Suzhou City, Jiangsu Province |
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Country : |
China |
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Date of Incorporation : |
23.04.2010 |
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Com. Reg. No.: |
320582000204747 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Manufacture and Sale of Installation Support of Photovoltaic Generating System |
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No. of Employees : |
100 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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
|
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
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SUZHOU AKCOME PHOTOVOLTAIC SYSTEM CO., LTD |
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|
Zhenbei West Road, Economic Development Park, Zhangjiagang, Suzhou
City, Jiangsu Province |
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215600 |
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Tel : |
86 512 35002659 / 13815146641 |
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Fax: |
86 512 35002659 |
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E-mail: |
-- |
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Website: |
http://www.akcome.com |
Currency in this report is Chinese Yuan
unless otherwise stated.
Exchange Rate: 1 USD=6.34 Chinese Yuan
"--"in this report indicates
"unavailable" due to insufficient information or "no
comments"
Notes
1.
The given
address in the order is subject’s previous. Its current address is as listed in
the report.
2.
Due to
the recent establishment of subject, its financial information is unavailable
so far. Hence no credit rating or credit limit can be provided in the report.
EXECUTIVE
SUMMARY
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DATE OF establishment |
APR.23RD, 2010 |
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Aic Registration No. |
320582000204747 |
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REGISTERED LEGAL FORM |
limited liabilities
company |
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REGISTERED CAPITAL |
187,048,000.00 |
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main BUSINESS |
manufacture and sale of installation support of
photovoltaic generating system |
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SIC Code (China) |
3411 manufacture of metal structure products |
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employees |
100 |
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import and export permits |
yes |
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business scale |
Medium |
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operation trend |
Good |
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EXCHANGE RATE |
1 Usd=6.34CNY (dec.6th, 2011) |
REGISTRATION
|
Name |
SUZHOU AKCOME PHOTOVOLTAIC SYSTEM CO., LTD |
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AIC Registration Number |
330282000064566 |
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Registered address |
Nanzhuang Village, Yangshe Town, Zhangjiagang
City |
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Operation address |
Zhenbei West Road, Economic Development Park,
Zhangjiagang, Suzhou City, Jiangsu Province |
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Date of Establishment |
Apr.23rd, 2010 |
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Registry |
Administration Bureau of Industry and Commerce –
Zhangjiagang, Suzhou |
|
Legal Representative |
Zou Chenghui (邹承慧) |
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Registered Legal Form |
limited liabilities company |
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Registered Capital |
187,048,000.00 |
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Operating Duration |
From Apr.23rd, 2010 to Apr.22nd,
2030 |
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Changes in Registration |
1.
May.24th,
2010 Subject’s registered address was changed from Yue Feng Plaza, No.1 Guotai North Road,
Zhangjiagang To Dongqu Avenue, Yangshe Tow, Zhangjiagang,
Jiangsu. 2. Feb.23rd,
2011 Subject’s registered capital was increased from
60,000,000 to 80,000,000 CNY. 3. Feb.23rd,
2011 Subject’s shareholder was changed to Jiangsu Akcome Solar Science and
Technology Co., Ltd. 4. June.16th,
2011 Subject’s registered address was changed to the
current registered address. 5. Oct.9th,
2011 Subject’s registered capital was increased from
80,000,000 to 187,048,000
CNY. |
Limited liabilities co.
This form of business in PR China is defined as a
legal person. Its registered capital is contributed jointly by at least two shareholders
and no more than fifty. 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 listed
as follows:
-manufacturing co. :
RMB 500,000.00
-trading &wholesaling co. :
RMB 500,000.00
-retailing co. : RMB 300,000.00
-consultancy & service co. :
RMB 100,000.00
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 50% of the registered capital while contribution by intangible
assets must not exceed 20% 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.
REGISTRATION INFO: AVAILABLE
FINANCIAL REPORTS: AVAILABLE
SHAREHOLDERS
AND SHARES
As
indicated in the following table:
|
Shareholder |
Capital
Subscribed |
Percentage |
|
Jiangsu Akcome Solar Science and Technology Co., Ltd. |
187,048,000.00 |
100% |
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Total |
187,048,000.00 |
100% |
|
Shareholder |
Way
of Investment |
Paid-up
Percentage |
|
Jiangsu Akcome Solar Science and Technology Co., Ltd. |
Capital
|
100% |
Background
of major shareholder
|
Name |
Jiangsu Akcome Solar Science and
Technology Co., Ltd. |
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Address |
No.1015 Qinfeng Road, Huashi Industrial Zone, Jiangyin City, Jiangsu
Province |
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Main business |
R&D, manufacture and sales of photovoltaic solar battery
accessories |
AFFILIATE(S)
No affiliate of subject is
found after checking
MANAGEMENT
|
Name |
Zou Chenghui |
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Gender |
Male |
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Title |
Chairman |
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Date of birth |
Sep.8th, 1974 |
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National ID No. |
32021919740908851X |
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Name |
Huang Guoyun |
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Gender |
Male |
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Title |
Director |
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Date of birth |
Oct.11th, 1961 |
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National ID No. |
320221196110117774 |
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Name |
Zhang Jianwei |
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Gender |
Male |
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Title |
Supervisor |
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Date of birth |
Aug.9th, 1979 |
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National ID No. |
320222197908096934 |
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Name |
Ji Haiyu |
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Gender |
Female |
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Title |
Director |
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Date of birth |
Sep.12th, 1975 |
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National ID No. |
320219197509123263 |
BANKERS INFORMATION
No
bank information of subject is found after checking.
OFFICE FACILITIES
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Geographic Location |
Zhenbei West Road, Economic Development Park, Zhangjiagang, Suzhou
City, Jiangsu Province |
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Area |
70,000 square meters |
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Environment and traffic |
Acceptable |
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Property Ownership |
Rented |
TRADEMARKS
After checking with the Trademark Office of Chinese
Administration Bureau of Industry and Commerce, no trademarks of SC were found.
PATENTS
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Total patents |
4 (only the latest 3 are listed) |
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Application No. |
201130054231.8 |
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Application date |
Mar.24th, 2011 |
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Patent name |
Supporting frame |
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Application No. |
201130054227.1 |
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Application date |
Mar.24th, 2011 |
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Patent name |
Supporting frame |
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Application No. |
201130054225.2 |
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Application date |
Mar.24th, 2011 |
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Patent name |
Supporting frame |
MAIN
PRODUCTS & SERVICES
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Main business |
manufacture and sales of photovoltaic
generating system installation support |
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Products and services |
Subject’s main products are fixed ground system,
roof system, single and double shaft automatic tracing system etc. It can manufacture according to the clients’
special requirements. |
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Annual production capacity |
300MW (photovoltaic generating system
installation support) |
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Certificates |
-- |
SALES
INFORMATION
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Local sales |
80% |
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Regions |
North
west and Southwest China |
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Major domestic clients |
Photovoltaic
power stations |
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Payment terms |
Prompt payment; on credit |
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Export |
20% |
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Regions |
Europe,
America etc. |
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Major overseas clients |
First
Solar, Inc.; Enfinity; Petra Solar |
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Payment terms |
L/C, T/T |
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Subject’s production scale so far is not large. As the scale
expanding, its sales scale and client network would be further developed. |
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The above information was
confirmed by SC’s employee on Dec.6th, 2011. |
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PURCHASE
INFORMATION
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Main Commodities Purchased |
Steel, aluminum, laser cutting machine, saw
etc. |
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Region |
Local: 100% |
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Number of Major Suppliers |
More than 5 |
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Major suppliers |
Guangdong Hao Mei Aluminum Co., Ltd; JIANGSU
SHASTEEL MATERIALS TRADE CO., LTD; GUANGDONG XINGFA ALUMINIUM CO., LTD; GUANG
CHENG ALUMINUM CO.,LTD; JIANGYIN EAST CHINA ALUMINUM TECHNOLOGY CO., LTD;
FOSHAN JIANMEI ALUMINUM CO., LTD etc. |
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Main Terms of Payment |
Prompt payment; on credit |
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SC’s equipments and raw materials are all
purchased within China. The aluminum is supplied by its shareholder’s
suppliers, and the steel is mainly supplied by JIANGSU SHASTEEL MATERIALS
TRADE CO., LTD which has high product quality. |
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The above information was confirmed by SC’s
employee on Dec.6th, 2011. |
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CREDIT
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Name of supplier |
JIANGYIN EAST CHINA
ALUMINUM TECHNOLOGY CO., LTD |
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Main commodities and service supplied |
aluminum |
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Title of interviewee |
Sales staff |
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Telephone of Interviewee |
86 510 86219029 |
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Cooperation |
Confirmed |
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Payment comment |
Prompt |
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Date of interview |
Dec.6th, 2011 |
LITIGATION
RECORDS
After checking with China Court organization,
the local court website and other major searching websites, no litigation
record related to subject company in the latest three years is found.
FINANCE
Subject was established in 2010 and hasn’t been in operation for a whole
financial year. It is not required to submit the financial information to the
AIC. Hence no financial information can be obtained in the report.
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.51.39 |
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|
1 |
Rs.80.20 |
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Euro |
1 |
Rs.68.92 |
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.