MIRA
INFORM REPORT
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Report Date : |
12.10.2011 |
IDENTIFICATION DETAILS
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Name : |
SHENZHEN HUAJITONG TECHNOLOGY CO., LTD. |
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Registered Office : |
Room 401, Block A, Languang Building, Zhenhua Road Futian
District, Shenzhen, Guangdong Province 518000 Pr |
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Country : |
China |
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Date of Incorporation : |
01.07.2010 |
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Com. Reg. No.: |
440301104783788 |
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Legal Form : |
Limited Liabilities Company |
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LINE OF BUSINESS : |
TECHNOLOGY DEVELOPMENT AND SELLING ELECTRONIC PRODUCTS,
COMMUNICATION PRODUCTS AND ACCESSORIES, OTHER DOMESTIC TRADE, INTERNATIONAL
TRADE. |
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 : |
New and 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 – 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 HUAJITONG TECHNOLOGY CO., LTD.
ROOM 401, BLOCK A, LANGUANG BUILDING, ZHENHUA ROAD
FUTIAN DISTRICT, SHENZHEN, GUANGDONG PROVINCE 518000 PR CHINA
TEL: 86 (0) 755-23808905/13728618296
FAX: 86 (0) 755-23808905
EXECUTIVE SUMMARY
Date of Registration : JULY 1, 2010
REGISTRATION NO. : 440301104783788
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 :
mendy2010@126.com
PAYMENT :
AVERAGE
Recommended Credit Limit: c.o.d
MARKET CONDITION : fair
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : ORDINARY
GENERAL REPUTATION : fair
EXCHANGE RATE :
CNY 6.37 = 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.: 440301104783788 on July 1, 2010.
SC’s Organization Code Certificate No.:
55868969-5
SC’s registered capital: cny 100,000
SC’s paid-in capital: cny 100,000
Registration Change Record:
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Date |
Change of Contents |
Before the change |
After the change |
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Registered Address |
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Room 401, Block A, Languang Building, Zhenhua
Road Futian District, Shenzhen |
Current Co search indicates SC’s shareholders & chief executives are
as follows:-
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Name of Shareholder (s) |
% of Shareholding |
|
Lin Wenjing |
50 |
|
Chen Shoubiao |
50 |
SC’s Chief Executives:-
|
Position |
Name |
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Legal Representative, Chairman, and
General Manager |
Lin Wenjing |
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Supervisor |
Chen Shoubiao |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Lin Wenjing 50
Chen Shoubiao 50
MANAGEMENT
Lin Wenjing ,
Legal Representative, Chairman and General Manager
---------------------------------------------------------------------------------------------------
Ø
Gender: F
Ø
Qualification:
University
Ø
Working
experience (s):
From 2010
to present, working in SC as legal representative, chairman and general manager
Chen Shoubiao ,
Supervisor
--------------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
BUSINESS OPERATION
***Note: SC started
its normal operation in 2011.
SC’s registered business scope includes
technology development and selling electronic products, communication products
and accessories, other domestic trade, international trade.
SC is mainly
engaged in selling communication products.
SC’s products
mainly include: mobile phone
SC sources its materials 100% from domestic
market, mainly Shenzhen. SC sells 15% of its products in domestic market, and 85%
to overseas market, mainly India, Pakistan, Africa, Southeast Asian market.
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:
--------------------------
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
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
The bank
information of SC is not filed in SAIC.
FINANCIALS
Established in June 2010, SC started its normal operation in 2011, so
its financial reports are not available 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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.03 |
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|
1 |
Rs.76.60 |
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Euro |
1 |
Rs.66.80 |
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.