MIRA
INFORM REPORT
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Report Date : |
10.10.2011 |
IDENTIFICATION DETAILS
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Name : |
SHENZHEN XINGDA TECHNOLOGY CO., LTD. |
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Registered Office : |
Room 1918, South Building Of Cangsong Mansion Tairan Industrial Zone, Chegongmiao Futian District Shenzhen, Guangdong Province 518000 Pr |
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Country : |
China |
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Date of Incorporation : |
17.05.2011 |
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Com. Reg. No.: |
440301105405511 |
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Legal Form : |
Limited Liabilities Company |
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LINE OF BUSINESS : |
MANUFACTURING
METAL CONTINUOUS EXTRUSION EQUIPMENT AND AUXILIARY EQUIPMENT, TECHNICAL
CONSULTING SERVICE, SELLING ITS OWNED PRODUCTS. |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
SHENZHEN XINGDA TECHNOLOGY CO., LTD.
(TRADE NAME: STARCOM INT’L INVESTMENT (HK) LIMITED)
ROOM 1918, SOUTH BUILDING OF CANGSONG MANSION
TAIRAN INDUSTRIAL ZONE, CHEGONGMIAO FUTIAN DISTRICT
SHENZHEN, GUANGDONG PROVINCE 518000 PR CHINA
TEL: 86 (0) 755-82804105
FAX: 86 (0) 755-82550264
EXECUTIVE SUMMARY
Date of Registration : may 17, 2011
REGISTRATION NO. : 440301105405511
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL : cny 100,000
staff :
3
BUSINESS CATEGORY : trading
Revenue :
n/a
EQUITIES :
n/a
WEBSITE : N/A
E-MAIL :
N/A
PAYMENT :
AVERAGE
Recommended Credit Limit: c.o.d.
MARKET CONDITION : fair
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : ORDINARY
GENERAL REPUTATION : AVERAGE
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
***Note: SC’s name should be the above stated one,
STARCOM INT’L INVESTMENT (HK) LIMITED (the given name) is SC’s related company
registered in Hong Kong, and however, SC always uses this name as its trade
name.
SC was established
as a limited liabilities company of PRC with State Administration of Industry
& Commerce (SAIC) under registration No.: 440301105405511 on May 17, 2011.
SC’s Organization Code Certificate No.:
57477616-6
SC’s registered capital: cny 100,000
SC’s paid-in capital: cny 100,000
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:-
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Name of Shareholder (s) |
% of Shareholding |
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Deng Qiaolian |
60 |
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Rao Zhiquan |
40 |
SC’s Chief Executives:-
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Position |
Name |
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Legal Representative, Chairman, and
General Manager |
Deng Qiaolian |
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Supervisor |
Rao Zhiquan |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Deng Qiaolian 60
Rao Zhiquan 40
MANAGEMENT
Deng Qiaolian ,
Legal Representative, Chairman, and General Manager
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Ø
Gender: F
Ø
Qualification:
University
Ø
Working
experience (s):
At
present, working in SC as legal representative, chairman and general manager
Rao Zhiquan ,
General Manager
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Ø
Gender: M
Ø
Qualification:
University
BUSINESS OPERATION
SC’s registered business scope includes manufacturing
metal continuous extrusion equipment and auxiliary equipment, technical
consulting service, selling its owned products.
SC is mainly
engaged in selling electronics.
SC’s products
mainly include: LCD touch monitors, LCD TVs, car LCD monitors, LCD monitors,
etc.
SC sources its materials 100% from domestic
market, mainly Guangdong. SC sells 10% of its products in domestic market, and
90% to overseas market, mainly Southeast Asia.
The buying terms
of SC include T/T and Credit of 30-60 days. The payment terms of SC include
T/T, L/C and Credit of 30-60 days.
Staff & Office:
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SC is known
to have approx. 3 staff at present.
SC rents an area
as its operating office, but the detailed information is unknown.
RELATED COMPANY
n
Starcom Int'l Investment (H.K.) Limited
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Date of Registration: January 17, 2011
Registration No.: 1552571
Legal Form: Private
Status: Live
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
The bank
information of SC is not filed in SAIC.
FINANCIALS
Established as a new company in 2011, SC’s financials are not filed in
local SAIC at present.
CONCLUSIONS
SC is considered small-sized in its line with a short business history.
Great caution is required in providing credit to SC and 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.49.14 |
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1 |
Rs.75.97 |
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Euro |
1 |
Rs.65.99 |
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.