MIRA
INFORM REPORT
|
Report Date : |
03.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
Beijing Double-Crane Pharmaceutical Equipment Co., Ltd. |
|
|
|
|
Registered Office : |
No. 33 Jinyuan Road, Industrial
Development Zone, Daxing District, Beijing
102628 PR |
|
|
|
|
Country : |
China |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.01.1988 |
|
|
|
|
Com. Reg. No.: |
110106002048250 |
|
|
|
|
Legal Form : |
One-Person Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing and selling pharmaceutical equipment. |
|
|
|
|
No. of Employees : |
137 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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) |
|
China |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
Beijing Double-Crane Pharmaceutical
Equipment Co., Ltd.
no. 33
jinyuan road, industrial development zone, daxing district
beijing
102628 PR CHINA
TEL: 86
(0) 10-61273322/61271308
FAX: 86
(0) 10-61271208
EXECUTIVE SUMMARY
Date of Registration : January 1, 1988
REGISTRATION NO. : 110106002048250
LEGAL FORM : One-person Limited Liability Company
REGISTERED CAPITAL : cny 17,777,800
staff : 137
BUSINESS CATEGORY : manufacturing
Revenue :
CNY 68,499,000 (AS OF DEC. 31, 2011)
EQUITIES :
CNY 45,082,000 (AS OF DEC. 31, 2011)
WEBSITE : www.bjdcpe.com
E-MAIL :
N/A
PAYMENT : AVERAGE
MARKET CONDITION : average
FINANCIAL CONDITION : stable
OPERATIONAL TREND : fairly STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.39 = USD
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 one-person limited liability company of PRC with State
Administration of Industry & Commerce (SAIC) under registration No.: 110106002048250.
SC’s Organization Code Certificate
No.: 10110793-1
SC’s registered capital: cny 17,777,800
SC’s paid-in capital: cny 17,777,800
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 |
|
Beijing Double-Crane
Pharmaceutical Co., Ltd. |
100 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative,
Chairman, and General Manager |
Ge
Zhiyong葛智勇 |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Beijing Double-Crane Pharmaceutical
Co., Ltd.
100
------------------------------------
Beijing Double-Crane Pharmaceutical Co.,
Ltd. (DCPC) was jointly established by six legal shareholders on May 15th 1997
and was successfully listed on May 22nd of the same year (Share Code: 600062).
Date of Registration: May 16, 1997
Registration No.: 110000005103198
Legal Form: Shares Limited
Company
Registered Capital: CNY 571,696,000
Address: No. 1, Li Ze East 2nd Road, Wang
Jing Area, Chao Yang District, Beijing, PRC
Tel: +86 010 64742227-681
Fax: +86 010 64399089
E-mail: dawsonz@dcpc.com
Web: www.dcpc.com
MANAGEMENT
Ge
Zhiyong, Legal Representative,
Chairman and General Manager
-------------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Age: 48
Ø
Qualification:
EMBA
Ø
Working
experience (s):
At present, working in SC as legal representative,
chairman and general manager, also working in Beijing
Double-Crane Pharmaceutical Co., Ltd. as deputy general manager, working in
Beijing Double-Crane Purification Equipment Installation Co., Ltd. as legal
representative
BUSINESS OPERATION
SC’s registered business scope includes manufacturing
medicine production line, blister packaging machine, cartoning machine,
infusion production line; installing instrumentation, refrigeration equipment,
air purification equipment, plastic products, glass container; home furnishing
decoration; importing and exporting goods and technology, import and export
agent.
SC is
mainly engaged in manufacturing and selling pharmaceutical equipment.
Brand: Double-Crane
SC’s
products mainly include: blister packing machine,
cartoner, onitment filling tube and sealing machine, etc.
SC sources its materials 100% from domestic market. SC sells 70% of its products in domestic market, and 30% to overseas market, mainly Mid East, Southeast Asia, etc.
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.
*Major Customer:
=============
Beijing
Double-Crane Pharmaceutical Co., Ltd.
Staff & Office:
--------------------------
SC is
known to have approx. 137 staff
at present.
SC owns an area as
its operating office & factory of approx. 36,600 sq. meters at the heading
address.
RELATED COMPANY
SC is known to have a
subsidiary at present:
n
Beijing Double-Crane Purification Equipment Installation Co., Ltd.
---------------------------------------------------------------------------------------
Date of Registration: November 6, 2003
Registration No.: 110106006249746
Legal Form: One-Person Limited
Liability Company
Registered Capital: CNY 3,000,000
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, 2011 |
|
Long term investment |
3,000 |
|
Total assets |
88,357 |
|
|
------------- |
|
Long term liabilities |
1,410 |
|
Total
liabilities |
43,275 |
|
Equities |
45,082 |
|
|
------------- |
|
Revenue |
68,499 |
|
Profit before
tax |
4,489 |
|
Less: profit tax |
640 |
|
Profits |
3,849 |
Note: The detailed financials for Y2011 of SC are not filed in SAIC.
Important Ratios
=============
|
|
As
of Dec. 31, 2011 |
|
*Liabilities
to assets |
0.49 |
|
*Net profit
margin (%) |
5.62 |
|
*Return on
total assets (%) |
4.36 |
|
*
Revenue/Total assets |
0.78 |
FINANCIAL COMMENTS
PROFITABILITY:
AVERAGE
l
The revenue of SC appears
average in its line.
l
SC’s net profit margin is fairly good.
l
SC’s return on total assets is fairly good.
LIQUIDITY:
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: Stable.
CONCLUSIONS
SC is considered medium-sized in its line with
stable financial conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.77 |
|
|
1 |
Rs.86.74 |
|
Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.