MIRA
INFORM REPORT
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Report Date : |
06.04.2012 |
IDENTIFICATION DETAILS
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Name : |
BEIJING
ANLONG TECHNOLOGY GROUP CO., LTD. |
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Registered Office : |
18/f, Unit 1, No. 1 Building, Linghangguoji,
Guangqumen Nanxiao Street, Chongwen District, Beijing 100061 PR |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
17.04.2000 |
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Com. Reg. No.: |
110105001287718 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling medical equipment; technology development,
technology transfer; installing and selling traffic facilities |
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No. of Employees : |
69 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 300,000 |
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Status : |
Satisfactory |
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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 30, 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
BEIJING ANLONG TECHNOLOGY GROUP
CO., LTD.
18/f, unit
1, no. 1 building, linghangguoji, guangqumen nanxiao street, chongwen district,
beijing 100061 PR CHINA
TEL: 86
(0) 10-67153626
FAX: 86
(0) 10-67152121
EXECUTIVE SUMMARY
Date of Registration : APRIL 17, 2000
REGISTRATION NO. : 110105001287718
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL :
CNY 50,000,000
staff : 69
BUSINESS CATEGORY : TRADING
Revenue : CNY 74,980,000 (AS OF DEC. 31, 2011)
EQUITIES : CNY 50,330,000 (AS OF DEC. 31, 2011)
WEBSITE : www.anlong.cn
E-MAIL :
office@anlong.cn
PAYMENT : AVERAGE
Recommended Credit Limit : UP TO USD 300,000
MARKET CONDITION : average
FINANCIAL CONDITION : FAIRly stable
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.31 = 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.: 110105001287718 on April 17, 2000.
SC’s Organization Code Certificate No.:
72145546-X
SC’s registered capital: cny 50,000,000
SC’s paid-in capital: cny 50,000,000
Registration Change Record:
|
Date |
Change of Contents |
Before the change |
After the change |
|
2011 |
Company Name |
Beijing Anlong Tech & Trade Co., Ltd. |
Beijing Anlong Technology Group
Co., Ltd. |
Current Co search indicates SC’s shareholders & chief
executives are as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Zhang Jing |
94 |
|
Other individuals |
6 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative,
Chairman, and General Manager |
Li Yongsheng |
|
Director |
Zhang Jing |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Zhang Jing
94
Other individuals
6
MANAGEMENT
Li
Yongsheng, Legal
Representative, Chairman, and General Manager
--------------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as legal representative, chairman,
and general manager
Zhang
Jing, Director
-----------------------------------
Ø
Gender: F
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in Beijing Anlong Protective
Products Co., Ltd., Beijing Leyide Medical Apparatus Co., Ltd., and Beijing
Anlong Weiye Technology Development Co., Ltd. as legal representative
BUSINESS OPERATION
SC’s
registered business scope includes selling medical equipment; technology
development, technology transfer; installing and selling traffic facilities;
professional contract; selling protective equipment, electronic monitoring
products & facilities, automobile, metal materials, machinery &
electrical equipment, auto parts, computer hardware & software and
peripherals, building & decorating materials, clothing, and rubber
products; importing and exporting commodities and technology, excluding ones
limited to operate or prohibited to import and export; processing with imported
materials, processing with imported samples, assemblying with imported parts,
and compensation trade in agreement; counter
trade & transit trade; renting protective equipment, and electronic
monitoring products.
SC is
mainly engaged in selling protective equipment, and electronic monitoring
products.
SC’s products mainly include:
Police protective equipment
Police warning equipment
Security INAROE equipment
Etc.
SC sources its materials 100% from domestic market. SC sells
40% of its products to overseas market
and 60% in domestic market.
The buying terms of SC include Check, T/T and Credit of
30-60 days. The payment terms of SC include Check, T/T, L/C and Credit of 30-60
days.
*Major Customer:
==============
Disse Outdoor
Gear, LLC (USA)
Staff & Office:
--------------------------
SC is
known to have approx. 69
staff at present.
SC rents
an area as its operating office, but the detailed information is unknown.
RELATED COMPANY
SC is known to have the
following subsidiaries at present,
Beijing
Anlong Lianhe Special Vehicle Technology Co., Ltd.
Beijing
Anlong Lianhe Protective Materials Research Institute Co., Ltd.
Beijing
Anlong Protective Products Co., Ltd.
Beijing
Leyide Medical Apparatus Co., Ltd.
Beijing
Long’an Tiancheng Technology Development Co., Ltd.
Beijing
Anlong Weiye Technology Development Co., Ltd.
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:
China
Construction Bank Beijing Guangming Sub-branch
AC#:
11001071200056010531
FINANCIALS
Balance Sheet
|
Unit: CNY’000 |
As
of Dec. 31, 2011 |
|
5,310 |
|
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Short-term investment |
30,000 |
|
Notes receivable |
0 |
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Accounts
receivable |
8,000 |
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Advances to
suppliers |
0 |
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Other receivable |
3,320 |
|
Inventory |
636 |
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Prepaid
expenses |
0 |
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Other current
assets |
384 |
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------------------ |
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Current assets |
47,650 |
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Long-term
investment |
46,220 |
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Fixed assets |
2,330 |
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Construction in
progress |
0 |
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Intangible
assets |
0 |
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Long-term
prepaid expenses |
0 |
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Deferred income
tax assets |
0 |
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Other
non-current assets |
11,950 |
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------------------ |
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Total assets |
108,150 |
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============= |
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Short-term loans |
11,000 |
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Notes payable |
0 |
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Accounts payable |
3,370 |
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Wages payable |
0 |
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Taxes payable |
0 |
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Advances from
clients |
0 |
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Other payable |
37,020 |
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Other current
liabilities |
6,430 |
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------------------ |
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Current liabilities |
57,820 |
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Non-current
liabilities |
0 |
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------------------ |
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Total
liabilities |
57,820 |
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Equities |
50,330 |
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------------------ |
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Total
liabilities & equities |
108,150 |
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============= |
Income Statement
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Unit: CNY’000 |
As of Dec. 31,
2011 |
|
Revenue |
74,980 |
|
Cost of sales |
50,100 |
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Sales expense |
3,190 |
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Management expense |
19,010 |
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Finance expense |
150 |
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Profit before
tax |
2,100 |
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Less: profit tax |
660 |
|
1,440 |
Important Ratios
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|
As of Dec. 31, 2011 |
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*Current ratio |
0.82 |
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*Quick ratio |
0.81 |
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*Liabilities
to assets |
0.53 |
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*Net profit
margin (%) |
1.92 |
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*Return on
total assets (%) |
1.33 |
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*Inventory /
Revenue ×365 |
4 days |
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*Accounts
receivable/ Revenue ×365 |
39 days |
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*
Revenue/Total assets |
0.69 |
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* Cost of
sales / Revenue |
0.67 |
FINANCIAL COMMENTS
PROFITABILITY:
AVERAGE
l
The revenue of SC appears average.
l
SC’s net profit margin is average.
l
SC’s return on total assets is average.
l
SC’s cost of goods sold is average, comparing with
its revenue.
LIQUIDITY:
FAIR
l
The current ratio of SC is maintained in a fair
level.
l
SC’s quick ratio is maintained in a normal level.
l
The inventory of SC is maintained in an average
level.
l
The accounts receivable of SC appear average.
l
The short-term loans of SC appear average.
l
SC’s revenue is in a
fair level, comparing with the size of its total assets.
LEVERAGE: AVERAGE
l
The debt ratio of SC is average.
l
The risk for SC to go bankrupt is average.
Overall financial
condition of the SC: Fairly Stable.
CONCLUSIONS
SC is considered medium-sized in its line with
fairly stable financial conditions. Credit line up to USD 300,000 would appear to be within SC’s
capacities.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.04 |
|
|
1 |
Rs.81.08 |
|
Euro |
1 |
Rs.67.39 |
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.