MIRA INFORM REPORT
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Report Date : |
16.02.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
No. 2191 Shexing Road, Beishe Community, Fenhu Town, Wujiang City, Jiangsu Province, 215214 Pr |
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Country : |
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Date of Incorporation : |
19.09.2000 |
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Com. Reg. No.: |
320584000005431 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling Medical Products |
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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
NO.
WUJIANG CITY,
TEL:
86 (0) 512-63241232/63242185
FAX: 86 (0) 512-63241262
EXECUTIVE SUMMARY
INCORPORATION DATE : SEP. 19, 2000
REGISTRATION NO. : 320584000005431
REGISTERED LEGAL
FORM : LIMITED LIABILITIES CO.
STAFF STRENGTH : 10
REGISTERED CAPITAL : CNY 5,000,000
BUSINESS LINE : TRADING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT : AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE : CNY 6.58954=USD 1
Adopted abbreviations
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY –
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 Sep. 19, 2000.
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 importing and exporting various goods and technology.
SC is mainly engaged in selling medical products.
Mr. Shen Qi’nan has been legal representative, chairman and general manager of SC since 2000.
SC is known to have approx. 10 employees at present.
SC is currently operating at the above stated address, and this address houses its operating office in the industrial zone of Wujiang. Detailed information of the premise is unknown.
http://www.jslikang.com/
The website belongs to Jiangsu Likang Medical Products Co., Ltd. – SC’s parent
company. The design is professional and the content is well organized. At
present it is both in Chinese and English versions.
No significant
events or changes were found during our checks with the local AIC.
MAIN SHAREHOLDERS:
Name %
of shareholdings
Jiangsu Likang Medical Products Co., Ltd. 75
Suzhou Hengchang Medical Products Co., Ltd. 25
Jiangsu Likang Medical Products Co., Ltd.
==============================
Registration No. : 320584000000663
Establishment Date: Oct. 30, 1984
Chief Executive: Shen Qi’nan
Registered Capital: CNY 18,000,000
It is said to cover 0.1 million square meters with 2000 set of
manufacturing equipment and to have 4 branch companies and a joint venture with
over 2000 employees in total.
Add:
Tel: 86 (0) 512-63241232
Fax: 86 (0) 512-63241262
Website: http://www.jslikang.com/
Email: likang@likangcorp.com
Suzhou Hengchang Medical Products Co., Ltd.
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Chief Executive: Shen Qi’nan
Add:
Tel: 86 (0) 512-63242142
Fax: 86 (0) 512-63241262
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Legal
representative, Chairman and General Manager:
Mr. Shen Qi’nan ID# 320525194506134717, born in 1945, he is currently responsible for the overall management of SC.
Working Experience(s):
From 2000 to present Working in SC as legal representative, chairman and general manager.
Also working in Jiangsu Likang Medical Products Co., Ltd., Suzhou Hengchang Medical Products Co., Ltd., Suzhou Hengmao Weaving Co., Ltd., Suzhou Dahe Medical Material Co., Ltd., and etc. as legal representative.
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Supervisors:
Ye Genquan ID#
320525196507104711
Ren Xuerong ID#
320525195412154211
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Directors:
Shen Yonghong ID# 320525195603074714
Zhang Shudong ID# 320525195709214711
SC is mainly engaged in selling medical
products.
SC’s products mainly include: Gauze Roll,
Gauze in Zig-Zag, Gauze bandage WOW, Crimped gauze roll, Crimped gauze sponge,
Disposable O.R.Towel, Gauze (X) swab in bulk, prewashed laparotomy sponge,
Cotton Roll, and etc.
SC sources its materials 100% from domestic
market. SC sells 10% of its products in domestic market, and 90% to overseas
market, mainly
The buying terms of
SC include Check, T/T and Credit of 30-60 days. The payment terms of SC include
Check, L/C, T/T, and Credit of 30-60 days.
SC’s parent company:
Jiangsu Likang Medical Products Co., Ltd.
Suzhou Hengchang Medical Products 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 records 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 management declined to release its bank details.
SC’s financial reports were not found during our checks with the local Administration for Industry and Commerce.
SC’s management declined to release any financial information.
SC is considered
small-sized in its line with 11 years operation history. Taking into
consideration of SC’s general performance, background as well as market
conditions, credit dealings with SC in small amount appear acceptable.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.50 |
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1 |
Rs.73.07 |
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Euro |
1 |
Rs.61.63 |
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.