|
Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
HUAKE POWER EQUIPMENT & ENGINEERING CO.,
LTD |
|
|
|
|
Registered Office : |
Shi Lao Ren Community, Zhonghan, Laoshan Dist, Qingdao
City, Shandong Province |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
09.05.2007 |
|
|
|
|
Com. Reg. No.: |
370212228091551 |
|
|
|
|
Legal Form : |
Limited Liabilities Company |
|
|
|
|
Line of Business : |
Design and construction service of electric
engineering |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
HUAKE POWER EQUIPMENT & ENGINEERING CO., LTD |
|
|
Shi Lao Ren Community, Zhonghan, Laoshan Dist, Qingdao
City, Shandong Province |
|
|
-- |
|
|
Tel : |
86-532- 85768129 / 83611419 /
15954282501 |
|
Fax: |
-- |
|
E-mail: |
-- |
|
Website: |
-- |
Currency in this report is Chinese Yuan unless otherwise stated.
Exchange Rate: 1 USD=6.30 Chinese Yuan
"--"in this report indicates "unavailable" due to insufficient
information or "no comments"
Notes
1.
Due to
the recent intervention of Chinese government in the information obtaining
procedure of companies, all the credit reporting agencies and other agencies are
not allowed to provide financial information of other companies to the clients.
Therefore, in this report, only some basic official information can be provided
for the client’s reference. No financial is available.
2.
The
telephone Numbers given in the order and obtained through public channels (as
listed above) are all not answered during the investigation.
3.
Since
our reporter failed to get in contact with subject, the ordered information
can’t be confirmed. All the information in the report is obtained through
public channels.
|
DATE OF establishment |
may 9th, 2007 |
|
Aic Registration No. |
370212228091551 |
|
REGISTERED LEGAL FORM |
limited liabilities
company |
|
REGISTERED CAPITAL |
1,000,000.00 |
|
main BUSINESS |
Design and construction service of electric
engineering (obtained from public channel) |
|
SIC Code (China) |
4800 construction and installation industry |
|
|
|
|
employees |
N/A |
|
import and export permits |
yes |
|
business scale |
Small |
|
operation trend |
Average |
|
|
|
|
EXCHANGE RATE |
1 Usd=6.30CNY |
|
Name |
HUAKE POWER EQUIPMENT & ENGINEERING CO., LTD. |
|
AIC Registration Number |
370212228091551 |
|
Registered address |
Shi Lao Ren Community, Zhonghan, Laoshan Dist, Qingdao City, Shandong
Province |
|
Operation address |
N/A |
|
Date of Establishment |
May 9th, 2007 |
|
Registry |
Administration Bureau of Industry and Commerce –
Laoshan, Qingdao |
|
Legal Representative |
Lv Kaoai |
|
Registered Legal Form |
limited liabilities company |
|
Registered Capital |
1,000,000 CNY |
|
Operating Duration |
From May 9th, 2007 to May 8th,
2027 |
|
Changes in Registration |
N/A |
Limited liabilities co.
This form of business in PR China is
defined as a legal person. Its registered capital is contributed jointly by at
least two shareholders and no more than fifty. Shareholders bear limited
liability to the extent of shareholding, and the co. is liable for its debts
only to extent of its total assets. The characteristics of this form of co. are
as follows:
Upon the establishment of the co., an
investment certificate is issued to the each of shareholders.
The board of directors is comprised of three
to thirteen members.
The minimum registered capital for a
co. is listed as follows:
-manufacturing co. :
RMB 500,000.00
-trading &wholesaling co. :
RMB 500,000.00
-retailing co. : RMB 300,000.00
-consultancy & service co. :
RMB 100,000.00
Shareholders may take their capital
contributions in cash or by means of tangible assets or intangible assets such
as industrial property and non-patented technology.
Cash contributed by all shareholders
must account for at least 50% of the registered capital while contribution by
intangible assets must not exceed 20% of the registered capital.
Existing shareholders have
pre-exemption right to purchase shares of the co. offered for sale by the other
shareholders and to subscribe for the newly increased registered capital of the
co.
REGISTRATION INFO: AVAILABLE
FINANCIAL REPORTS: AVAILABLE
As indicated in the following table:
|
Shareholder |
Capital
Subscribed |
Percentage |
|
Lv Kaoai |
900,000.00 |
90% |
|
Lv Kaoxiang |
100,000.00 |
10% |
|
Total |
1,000,000.00 |
100% |
|
Shareholder |
Way
of Investment |
Paid-up
Percentage |
|
Lv Kaoai |
-- |
100% |
|
Lv Kaoxiang |
--
|
100% |
No affiliate of subject is found after checking.
|
Name |
Lv Kaoai |
|
Gender |
Male |
|
Title |
Executive director; General manager |
|
|
|
|
Name |
Lv Kaoxiang |
|
Gender |
Male |
|
Title |
Supervisor |
|
No bank information about subject is found after
checking through all available channels. |
|
Subject’s office condition can’t be verified due to the failure of
getting contact with the company. |
After checking
with the Trademark Office of Chinese Administration Bureau of Industry and
Commerce and the State Intellectual Office, no trademarks or patents of SC were
found.
|
Main business |
Electric engineering design and construction
service |
|
Products and services |
Through public channel, subject is known to
provide electric engineering design and construction service. It also
provides installation, maintenance and sales service of related equipments. |
|
Due to the failure of getting contact with
the company, subject’s sales and purchase information can’t be obtained from
other public channels. |
After checking with China Court organization,
the local court website and other major searching websites, no litigation
record related to subject company in the latest three years is found.
N/A
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.49 |
|
UK Pound |
1 |
Rs.84.66 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
---- |
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.