MIRA
INFORM REPORT
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Report Date : |
07.03.2012 |
IDENTIFICATION DETAILS
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Name : |
shanghai
yousheng weighing apparatus co., ltd. |
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Registered Office : |
Building 58, |
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Country : |
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Financials (as on) : |
31.12.2000 |
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Date of Incorporation : |
22.06.2001 |
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Com. Reg. No.: |
310000400268244 |
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Legal Form : |
Chinese-Foreign Equity Joint Venture
Enterprise |
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Line of Business : |
Manufacturing weighing apparatus & accessories |
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No. of Employees : |
538 |
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 200,000 |
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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) |
|
China |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
shanghai yousheng weighing
apparatus co., ltd.
building
58, no. 99 chunguang road, xinzhuang industrial zone
minhang
district, shanghai 201108 PR CHINA
TEL: 86
(0) 21-54831800/59387228
FAX: 86
(0) 21-54831868
EXECUTIVE SUMMARY
Date of Registration : june 22, 2001
REGISTRATION NO. : 310000400268244
LEGAL FORM : Chinese-foreign equity joint venture
enterprise
REGISTERED CAPITAL : cny 6,500,000
staff : 538
BUSINESS CATEGORY :
manufacturing & trading
Revenue : CNY 159,211,000 (AS OF DEC. 31, 2010)
EQUITIES : CNY 28,456,000 (AS OF DEC. 31, 2010)
WEBSITE : www.ysscale.com
E-MAIL :
webmaster@ysscale.com
PAYMENT : AVERAGE
Recommended Credit Limit: UP TO USD
200,000
MARKET CONDITION : COMPETITIVE
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 Chinese-foreign equity joint venture enterprise of PRC with
State Administration of Industry & Commerce (SAIC) under registration No.: 310000400268244 on June 22,
2001.
SC’s Organization Code Certificate
No.: 63106769-0
SC’s Tax No.: 310230631067690
SC’s Customs Registration No.:
3121930170
SC’s registered capital: CNY 6,500,000
SC’s paid-in capital: CNY 6,500,000
Registration Change Record:
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 |
|
Zhou Biao |
8.50 |
|
Sun Yufeng |
58.50 |
|
Yang Jianhua |
8.00 |
|
Huang Yuxiang (Taiwan) |
25.00 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative and
Chairman |
Sun Yufeng |
|
General Manager |
Zhou Biao |
|
Director/Supervisor |
Yang Jianhua |
|
Huang
Yuxiang |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Zhou Biao
8.50
Sun Yufeng
58.50
Yang Jianhua
8.00
Huang Yuxiang (Taiwan)
25.00
MANAGEMENT
Sun
Yufeng, Legal
Representative and Chairman
---------------------------------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as legal representative and
chairman
Zhou
Biao, General Manager
----------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as general manager
Director/Supervisor
--------------------------
Yang Jianhua
Huang Yuxiang
BUSINESS OPERATION
SC’s registered business scope includes manufacturing
weighing apparatus & accessories, selling its products, wholesaling, importing
and exporting the same commodities, commission agency, and providing related
assorted business.
SC is
mainly engaged in manufacturing and selling weighing apparatus & accessories.
SC’s products mainly include:
Commercial Scales
> Network printer
> Electronic Cash Register
> Label printing scale
> Cash Register Scales
> Printing Scales
> Price Computing Scales
> Waterproof Scales
Industrial Weighing System
> Weighing Scales
> Counting Scales
> Crane Scales
> Parcel Scales
> Portable scale
Weighing Indicators
Laboratory Weighing
> Electromagnetic Analytical
balance
> Digital Calipers
> “BS+/BM+” Series balance
> BS Series Balance
> 2 key / 6key simple balance
Household scales
> High precision health scale
> CF-02 high precision
kitchen scale
> B series pocket scale
> Kitchen Scale
> A series pocket scale
Scale Accessories
> Weighing displays
> Load Cells
> Weighing Modules
> Large Displays
> Junction Boxes
SC sources its materials 100% from domestic
market. SC sells 76% of its products in domestic market, and 24% to overseas
market, mainly 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. 538 staff at present.
SC
rents an area as its operating office & factory of approx. 5,204 sq. meters
at the heading address.
RELATED COMPANY
SC is known to
have the following branches,
Shanghai Yousheng Weighing Apparatus Co., Ltd. 1st
Branch
Shanghai Yousheng Weighing Apparatus Co., Ltd. Nanjing Branch
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
Financial Summary
|
Unit: CNY’000 |
As
of Dec. 31, 2010 |
|
Long term investment |
0 |
|
Total assets |
119,116 |
|
|
------------- |
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Long term liabilities |
0 |
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Total
liabilities |
90,660 |
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Equities |
28,456 |
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|
------------- |
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Revenue |
159,211 |
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Profit before
tax |
2,583 |
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Less: profit tax |
646 |
|
Profits |
1,937 |
Note: The detailed financials for Y2010 are not available in SAIC.
Important Ratios
=============
|
|
As
of Dec. 31, 2010 |
|
*Liabilities
to assets |
0.76 |
|
*Net profit
margin (%) |
1.22 |
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*Return on
total assets (%) |
1.63 |
|
*
Revenue/Total assets |
1.34 |
FINANCIAL COMMENTS
PROFITABILITY:
FAIRLY GOOD
l
The revenue of SC appears
fairly good in its line.
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 200,000
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<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.