MIRA INFORM REPORT
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Report Date : |
29.10.2011 |
IDENTIFICATION DETAILS
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Name : |
SHENZHEN OBEST TECH CO., LTD. |
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Registered Office : |
Room 1016, Building B, 31#, Wanzhong Life
Village, Minzhi Road, Bao’an District, Shenzhen, Guangdong Province 518131 Pr |
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Country : |
China |
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Date of Incorporation : |
28.09.2011 |
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Com. Reg. No.: |
440306105735140 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling
Electronic 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 – September 30th, 2011
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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 OBEST TECH CO., LTD.
room 1016, building
b, 31#, wanzhong life Village, minzhi road
bao’an district,
shenzhen, guangdong province 518131 PR CHINA
TEL: 86 (0)
755-23462313
FAX: 86 (0)
755-23054560
EXECUTIVE SUMMARY
Date of Registration : september 28, 2011
REGISTRATION NO. : 440306105735140
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL : cny 100,000
staff : 4
BUSINESS CATEGORY : trading
Revenue : n/a
EQUITIES : n/a
WEBSITE : www.obest-tech.com
E-MAIL :
obesttech@obest-tech.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 6.36 = 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: Note: The
given address (4-F, B Building No. 4, Industrial Park, Baoan, 518109, Shenzhen
Guangdong) is SC’s former one, 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.: 440306105735140 on September
28, 2011.
SC’s Organization Code Certificate
No.: 58405367-4
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:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Chen Fengni |
60 |
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Chen Zhiming |
40 |
SC’s Chief Executives:-
|
Position |
Name |
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Legal Representative,
Chairman, and General Manager |
Chen
Fengni |
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Supervisor |
Chen
Zhiming |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Chen Fengni 60
Chen Zhiming 40
MANAGEMENT
Chen
Fengni, Legal Representative,
Chairman and General Manager
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Ø
Gender: F
Ø
Qualification:
University
Ø
Working
experience (s):
From 2011 present, working in SC as legal representative,
chairman and general manager
Chen
Zhiming, Supervisor
----------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
BUSINESS OPERATION
SC’s registered business scope includes computer hardware
and software technology development; selling electronic products, plastic
products, silicone products, watches accessories, gifts, household appliances,
computer hardware and software; domestic trade; importing and selling goods and
technology.
SC is
mainly engaged in selling electronic products.
SC’s
products mainly include:
Silicone Watch
Silicone bracelet
Silicone tube
Ring
SC sources its materials 100% from domestic
market, mainly Guangdong. SC sells 100% of its products to overseas market, mainly
Southeast Asia, Middle East
The
buying terms of SC include T/T and Credit of 30-60 days. The payment terms of
SC include L/C and Credit of 30-60 days.
Staff & Office:
--------------------------
SC is
known to have approx. 4 staff at present.
SC rents an area
as its operating office, but the detailed information is unknown.
RELATED COMPANY
Obest
Industrial Co., Limited (Hong Kong)
----------------------------------------------------
Date of Registration: December 17, 2010
Registration No.: 1541943
Legal Form: Private
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
Basic Bank:
Bank
of China
AC#: 6013
8220 0060 7491 910
FINANCIALS
Established as a new company in 2011, SC’s financials are not available
at present.
CONCLUSIONS
SC is considered small-sized in its line with a short 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.48.82 |
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UK Pound |
1 |
Rs.78.57 |
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Euro |
1 |
Rs.69.29 |
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.