MIRA INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
SHENZHEN CABEL CONTROL SYSTEM CO., LTD. |
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Registered Office : |
No. 1001, Hangkong Road, Xixiang, Bao’an
District, Shenzhen, Guangdong
Province 518126 Pr |
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Country : |
China |
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Date of Incorporation : |
08.01.2010 |
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Com. Reg. No.: |
440306104456544 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Developing,
Manufacturing and Selling converter and UPS power supply. |
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 : |
Small Company |
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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 30th, 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 & address
shenzhen cabel control system co., ltd.
no. 1001, hangkong
road, xixiang, bao’an district, shenzhen
guangdong province
518126 PR CHINA
TEL: 86 (0)
755-29952290
FAX: 86 (0)
755-29952010
EXECUTIVE SUMMARY
Date of Registration : january 8, 2010
REGISTRATION NO. : 440306104456544
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL :
cny 1,000,000
staff : 20
BUSINESS CATEGORY :
DEVELOPING & manufacturing & TRADING
Revenue : N/A
EQUITIES : N/A
WEBSITE : www.szeti.com
E-MAIL :
szeti@szeti.com
PAYMENT : AVERAGE
Recommended Credit Limit: c.o.d.
MARKET CONDITION : AVERAGE
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: The given address (No. 98 Hangcheng
Avenue, Xixiang, Baoan District, 518126 Shenzhen, Guangdong) is SC’s registered
address, while SC is operating in the heading address.
SC was
established as a limited liabilities company of PRC with State Administration
of Industry & Commerce (SAIC) under registration No.: 440306104456544 on January
8, 2010.
SC’s Organization Code Certificate No.:
69908793-8
SC’s registered capital: cny 1,000,000
SC’s paid-in capital: cny 1,000,000
Registration Change Record:
|
Date |
Change
of Contents |
Before the change |
After the change |
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Legal Representative |
Tong Huizhi |
Wu Hongcheng |
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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Tong Huizhi |
85 |
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Zhang Jinsong |
15 |
SC’s Chief Executives:-
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Position |
Name |
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Legal Representative,
Chairman, and General Manager |
Wu Hongcheng |
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Supervisor |
Zhang
Jinsong |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART & BACKGROUND
Name %
of Shareholding
Tong Huizhi 85
Zhang Jinsong 15
MANAGEMENT
Wu Hongcheng, Legal Representative, Chairman and General Manager
--------------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
From July of 2010 to present, working in SC as legal
representative, chairman and general manager
Zhang
Jinsong, Supervisor
----------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
BUSINESS OPERATION
***Note: SC started
its normal operation in the end of 2010.
SC’s registered business scope includes technology
development, manufacturing and selling converter, electronic products, UPS power
supply, domestic trade, importing and exporting goods and technology.
SC is
mainly engaged in developing, manufacturing and selling converter and UPS
power supply.
Brand: CABEL
SC’s
products mainly include:
Frequency Inverter
Ups
Battery
SC sources its materials 100% from domestic
market, mainly Guangdong. SC sells 30% of its products in domestic market, and
70% to overseas market, mainly Pakistan, India, and Bangladesh.
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. 20 staff at present.
SC rents an area
as its operating office and factory, 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
SC started its normal operation in the end of 2010, 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.49.02 |
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UK Pound |
1 |
Rs.77.13 |
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Euro |
1 |
Rs.67.56 |
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 |
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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.