MIRA
INFORM REPORT
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Report Date : |
05.04.2012 |
IDENTIFICATION DETAILS
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Name : |
HONBOR
INDUSTRIAL CO., LTD. |
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Registered Office : |
30/F, Golden Zhonghuan International Business Plaza, No. 3037 Jintian Road, Futian
District, Shenzhen, Guangdong
Province 518048 PR |
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Country : |
Chain |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
17.08.1992 |
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Com. Reg. No.: |
440301103017651 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Includes technology development of medical equipment |
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No. of Employees : |
30 |
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 400,000 |
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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) |
|
Chain |
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
HONBOR INDUSTRIAL CO., LTD.
30/F,
NO.
TEL: 86
(0) 755-88861689
FAX: 86
(0) 755-82210808
EXECUTIVE SUMMARY
Date of Registration : AUGUST 17, 1992
REGISTRATION NO. : 440301103017651
LEGAL FORM : LIMITED LIABILITIES COMPANY
REGISTERED CAPITAL :
CNY 25,000,000
staff : 30
BUSINESS CATEGORY :
TRADE AND LOGISTICS
Revenue : CNY 200,530,000 (AS OF DEC. 31, 2010
EQUITIES : CNY 78,600,000 (AS OF DEC. 31,
2010)
WEBSITE : www.honbor.com
E-MAIL : honbor@honbor.com
PAYMENT : AVERAGE
Recommended Credit Limit: UP TO
USD 400,000
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : FAIRLY STABLE
OPERATIONAL TREND :
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 –
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.: 440301103017651.
SC’s Organization Code Certificate
No.: 19248082-9
SC’s registered capital: CNY 25,000,000
SC’s paid-in capital: CNY 25,000,000
Registration Change Record:
|
Date |
Change of Contents |
Before the change |
After the change |
|
|
Company Name |
Shenzhen Baoan Hongbao Industry
Development Corp. |
Shenzhen Hongbao Industry
Development Corp. |
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Company Chinese Name |
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Registration No. |
19248082-9 |
4403071044312 |
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Company Chinese Name |
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Registration No. |
4403071044312 |
4403012090695 |
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Registered Capital |
CNY 15,000,000 |
CNY 20,000,000 |
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Shareholder (s) (% of
Shareholding) |
Shenzhen Fuhua Technology
Industry Co., Ltd. 10% Liang Fei 90% |
Zhang An’ni 9% Shenzhen Fuhua Technology
Industry Co., Ltd. 7.5% Liang Jing 1% Liang Fei 82.5% |
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Registration No. |
4403012090695 |
440301103017651 |
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Registered Capital |
CNY 20,000,000 |
CNY 25,000,000 |
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% of Shareholding |
Zhang An’ni 9% Shenzhen Fuhua Technology
Industry Co., Ltd. 7.5% Liang Jing 1% Liang Fei 82.5% |
Zhang An’ni 13.2% Shenzhen Fuhua Technology
Industry Co., Ltd. 6% Liang Jing 0.8% Liang Fei 80% |
Current Co search indicates SC’s shareholders & chief
executives are as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Zhang
An’ni |
13.2 |
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Shenzhen
Fuhua Technology Industry Co., Ltd. |
6 |
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Liang
Jing |
0.8 |
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Liang
Fei |
80 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative,
Chairman, and General Manager |
Liang
Fei |
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Director |
Li Lie |
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Zhang An’ni |
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Supervisor |
Chen Xinhua |
|
Wan Longsheng |
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|
Zhang Danyang |
RECENT DEVELOPMENT
No recent development was found during our checks at
present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Zhang An’ni
13.2
Shenzhen Fuhua Technology
Industry Co., Ltd.
6
Liang Jing
0.8
Liang Fei
80
MANAGEMENT
Liang
Fei, Legal Representative, Chairman and General Manager
----------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
ID# 440301195611015154
Ø
Age: 56
Ø
Working experience (s):
At present, working in SC as legal
representative, chairman and general manager
Director
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Li Lie
Zhang An’ni
Supervisor
--------------
Chen Xinhua
Wan Longsheng
Zhang Danyang
BUSINESS OPERATION
SC’s
registered business scope includes technology development of medical equipment;
technology development and purchase of chemicals, electromechanical equipment,
computers and software, new-type polymer composite materials, electronic
information materials, optical fiber and optical cable; domestic trade;
importing and exporting business; storage, common goods loading, domestic
freight forwarding and information consultation; international freight
forwarding.
SC is mainly
engaged in selling chemical products and logistic service.
SC’s products mainly include insecticide, herbicide and
other pesticide.
SC sources its materials 100%
from domestic market. SC sells 100% to overseas market, mainly
The buying terms of SC include Check, 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. 30 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
Basic Bank
AC#: 7441210182200017329
FINANCIALS
Financial
Summary
|
Unit:
CNY’000 |
As of Dec. 31, 2010 |
|
Long term investment |
0 |
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Total
assets |
122,040 |
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------------- |
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Long term liabilities |
0 |
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Total
liabilities |
43,440 |
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Equities |
78,600 |
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------------- |
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Revenue |
200,530 |
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Profits |
4 |
Note: The detailed financials for Y2010 are not available in
SAIC.
Important
Ratios
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As of Dec. 31, 2010 |
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*Liabilities
to assets |
0.36 |
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*Net
profit margin (%) |
0.002 |
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*Return
on total assets (%) |
0.003 |
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* Revenue/Total
assets |
1.64 |
FINANCIAL COMMENTS
PROFITABILITY:
AVERAGE
l
The revenue of SC appears fairly good.
l
SC’s net profit margin is average.
l
SC’s return on total assets is average.
LIQUIDITY:
AVERAGE
l
SC’s revenue is in an average 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. A credit line up to USD 400,000 appears to be within SC’s
capacities.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.04 |
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|
1 |
Rs.81.08 |
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Euro |
1 |
Rs67.39 |
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.