MIRA
INFORM REPORT
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Report Date : |
30.04.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Room 1610, Building 1, Xinghong Building, No. 225, Suhong Middle
Road, Suzhou Industrial Park, Suzhou, Jiangsu Province, 215006 Pr |
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Country : |
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Date of Incorporation : |
16.10.1996 |
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Com. Reg. No.: |
320594000033169 |
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Legal Form : |
Limited Liabilities Co. |
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Line of Business : |
Engaged in contracting urban and road lighting engineering; selling
lamps and paints |
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No. of Employees : |
25 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small company |
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Payment Behaviour : |
Usually correct |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 and address
SUZHOU YOUHE SCIENCE AND TECHNOLOGY CO., LTD.
ROOM 1610, BUILDING 1, XINGHONG
BUILDING, NO. 225, SUHONG MIDDLE ROAD, SUZHOU INDUSTRIAL PARK, SUZHOU, JIANGSU
PROVINCE, 215006 PR CHINA
TEL: 86
(0) 512-69170187
FAX:
N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : OCT. 16, 1996
REGISTRATION NO. : 320594000033169
REGISTERED LEGAL FORM : Limited liabilities co.
STAFF STRENGTH :
25
REGISTERED CAPITAL : CNY 5,000,000
BUSINESS LINE :
engineering contracting and TRADING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.3034 = USD 1
Adopted abbreviations
ANS - amount not
stated
NS - not stated
SC - subject
company (the company inquired by you)
NA - not available
CNY - China Yuan Ren Min Bi
Note: the given address (Dongsha Industry Park, Leyu Town
Zhejiangany China) doesn’t belong to SC.
SC is also known as Suzhou Youhe Science &
Technology Development Co., Ltd.
SC was registered as a Limited liabilities co. at
local Administration for Industry & Commerce (AIC-The official body of
issuing and renewing business license) on Oct. 16, 1996.
Company Status: Limited liabilities co. This form of business in PR
China is defined as a legal person. No more than fifty shareholders
contribute its registered capital jointly. 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 CNY 30,000. 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 30% 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.
SC’s registered business scope includes general business scope:
technology consulting and development services, decoration consulting services;
selling mechanical and electrical products, building materials, non-hazardous
chemical products, electronic products, auto parts, textile materials
(excluding cotton, silk cocoon), office supplies, furniture, department stores,
hardware, communications equipment, metal materials, decoration materials;
importing and exporting goods and technology, excluding the items prohibited by
the state; reporting in Jiangsu and Shanghai; processing, producing and selling
lamps (limited in branch operation); specialized contracting urban and road
lighting, paint interior and exterior decoration works (with permit if needed).
SC is mainly
engaged in contracting urban and road lighting engineering; selling lamps and
paints.
Ms. Ling Jianhong
is legal representative, chairman and general manager of SC at present.
SC is known
to have approx. 25 employees
at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the industrial park of Suzhou. Our checks reveal that SC
owns the total premise, but the gross area of the premise is unspecific.
SC is not known to host website of its own at present.
No significant changes were found during our checks with the local Administration
for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Ling Jianhong 90
ID# 320502660926054
Yao Feng 10
ID# 320502631021302
l
Legal Representative, Chairman and General Manager:
Ms. Ling Jianhong , ID# 320502660926054, born in
1966. She is currently responsible for the overall management of SC.
Working Experience(s):
At present Working
in SC as legal representative, chairman and general manager.
l
Supervisor:
Yao FengID# 320502631021302
SC is mainly
engaged in contracting urban and road lighting engineering; selling lamps and
paints.
SC’s products
mainly include: lamps, paints.
SC sources its
materials 100% from domestic market. SC sells 100% of its products 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 and Credit of 30-60 days.
Note:
SC’s management declined to release its major suppliers and clients.
SC is not known to have any subsidiary at present.
Overall payment appraisal:
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet 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.
At local AIC, the bank information of SC is not available.
SC’s financial
reports were not found during our checks with the local Administration for
Industry and Commerce.
SC’s management declined to release any financial information.
SC is considered medium-sized in its line with a development history of
16 years. Credit dealings with SC should be confined into small amount at
present.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.68 |
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1 |
Rs.85.12 |
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Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
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.