MIRA
INFORM REPORT
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Report Date : |
03.08.2012 |
IDENTIFICATION DETAILS
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Name : |
SHANGHAI LINDEX ENTERPRISE MANAGEMENT
CONSULTING CO., LTD. |
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Registered Office : |
12/f Dongzhan
Commercial Building, No. 669 Beijing West Road, Shanghai, 200041 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
30.09.2004 |
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Com. Reg. No.: |
036924 |
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Legal Form : |
Wholly Foreign-Owned Enterprise |
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Line of Business : |
enterprise Management Consulting. |
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No. of Employees : |
16 |
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 : |
Moderate |
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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 – March 31st, 2012
|
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 & address
shanghai lindex enterprise management consulting co., ltd.
12/f dongzhan
commercial building, no. 669 beijing west road,
shanghai, 200041 PR
CHINA
TEL: 86 (0)
21-62189922 FAX: 86 (0) 21-62720794
EXECUTIVE SUMMARY
INCORPORATION DATE : sep. 30, 2004
REGISTRATION NO. : 036924
REGISTERED LEGAL FORM : Wholly foreign-owned
enterprise
STAFF STRENGTH :
16
REGISTERED CAPITAL : usd 140,000
BUSINESS LINE :
CONSULTING service
TURNOVER :
CNY 2,340,000 (AS OF DEC. 31, 2011)
EQUITIES :
CNY 1,800,000 (AS OF DEC. 31, 2011)
PAYMENT :
AVERAGE
MARKET CONDITION : average
FINANCIAL CONDITION : fairly STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.37 = 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 Renminbi
SC was registered as a wholly foreign-owned enterprise at
local Administration for Industry & Commerce (AIC - The official body of
issuing and renewing business license) on Sep. 30, 2004.
Company Status: Wholly Foreign-Owned This form of business in PR
China is defined as a legal person. It is a limited co. established within
the territories of PR China with capital provided totally by the foreign
investors. More than one foreign investor may jointly invest in a wholly
foreign-owned enterprise. The investing party/parties solely exercise
management, reap profit and bear risks and liabilities by themselves. This
form of companies usually have a limited duration is extendible upon
approval of Examination and Approval Authorities.
SC’s registered
business scope includes enterprise management consulting, enterprise image
planning, investment consulting and market research consulting.
SC is mainly
engaged in enterprise management consulting.
Mr. Bille, Göran
Holger has been legal representative and chairman of SC since 2005.
SC is known to
have approx. 16 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Shanghai. Our checks reveal that SC
rents the total premise about 150 square meters.
SC is not known to host web site of its own at present.
Changes of its
registered information are as follows:
|
Date of change |
Item |
Before the change |
After the change |
|
2005-09-05 |
Legal
representative |
Conny Karlsson |
Bille, Göran Holger |
MAIN SHAREHOLDERS:
Name %
of Shareholding
Aktiebolag Lindex (Sweden) 100
Registered Number: 5564526514
Registration Date:
Company Type: Privat aktiebolag AB
Address: Box 233, GÖTEBORG, 40123, VÄSTRA GÖTALAND
Telephone: 031-7395000
E-mail: elisabeth.peregi@lindex.se
Legal
Representative and Chairman:
Mr. Bille, Göran Holger, Swedish, about 49 years old, with university
education. He is currently responsible for the overall management of SC.
Working
Experience(s):
From 2005 to present Working
in SC as legal representative and chairman.
Director:
Birgitta Christina Olivensjo
SC is mainly
engaged in enterprise management consulting.
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.
LINDEX
H.K. LIMITED
===================
CR
No.: 0437777
Date
of Incorporation: 27-JUL-1993
Registered
legal form: Private
Active
Status: Live
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.
China Construction Bank Shanghai Branch
AC#：31001550400050004414
Relationship:
Normal.
Financial Summary
Unit: CNY’000
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as of Dec. 31,
2010 |
as of Dec. 31,
2011 |
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Current assets |
1,670 |
1,760 |
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Current liabilities |
100 |
90 |
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Total Liabilities |
100 |
90 |
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Shareholders equities |
1,730 |
1,800 |
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Total Assets |
1,830 |
1,890 |
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Turnover |
2,240 |
2,340 |
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Profit before tax |
90 |
80 |
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Less: profit tax |
30 |
10 |
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Net profit |
60 |
70 |
Note: SC's accountant refused to release SC’s
detailed financial reports for Yr2010 & 2011.
Important
Ratios
=============
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as of Dec. 31,
2010 |
as of Dec. 31,
2011 |
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*Current ratio |
16.70 |
19.56 |
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*Liabilities
to assets |
0.05 |
0.05 |
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*Net profit
margin (%) |
2.68 |
2.99 |
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*Return on
total assets (%) |
3.28 |
3.70 |
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*Turnover/Total
assets |
1.22 |
1.24 |
PROFITABILITY:
AVERAGE
l
The turnover of SC appears average in its line in
both years.
l
SC’s net profit margin is average in both years.
l
SC’s return on total assets is average in both
years.
LIQUIDITY: AVERAGE
l
The current ratio of SC is maintained in a normal level in both years.
l
SC’s turnover is in an average level in both years,
comparing with the size of its total assets.
LEVERAGE: AVERAGE
l
The debt ratio of SC is low in both years.
l
The risk for SC to go bankrupt is average.
Overall financial
condition of the SC: Fairly stable.
SC is considered small-sized in its line with fairly stable financial
conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.78 |
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UK Pound |
1 |
Rs.86.75 |
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Euro |
1 |
Rs.68.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.