MIRA
INFORM REPORT
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Report Date : |
06.08.2012 |
IDENTIFICATION DETAILS
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Name : |
GOSPELL DIGITAL TECHNOLOGY CO., LTD. |
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Registered Office : |
Gospell Industrial Park, Bailutang Town,
Suxian District, Chenzhou City, Hunan Province, 423000 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
23.08.2001 |
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Com. Reg. No.: |
431000000003362 |
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Legal Form : |
Shares Limited Company |
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Line of Business : |
Researching, development, producing and selling satellite TV receiving equipment. |
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No. of Employees : |
2,000 |
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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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 – March 31st, 2012
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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
GOSPELL
DIGITAL TECHNOLOGY CO., LTD.
GOSPELL INDUSTRIAL PARK, BAILUTANG TOWN,
SUXIAN DISTRICT,
CHENZHOU CITY, HUNAN PROVINCE, 423000 PR
CHINA
TEL: 86 (0) 735-2666666/ 2652688 FAX: 86 (0) 735-2659990
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUG. 23, 2001
REGISTRATION NO. :
431000000003362
REGISTERED LEGAL FORM : SHARES
LIMITED CO.
STAFF STRENGTH : 2,000
REGISTERED CAPITAL : CNY
125,350,000
BUSINESS LINE :
R&D, MANUFACTURE
TURNOVER :
CNY 545,258,000 (AS OF DEC. 31, 2009)
EQUITIES :
CNY 175,693,000 (AS OF DEC. 31, 2009)
PAYMENT :
AVERAGE
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE : CNY 6.4811=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 tel. no. “86 (0) 755
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 Aug. 23, 2001 and has been under present
ownership since 2010.
Company Status: Shares limited co. This form of business in PR China is defined as a legal
person. Its registered capital is divided into shares of equal par value
and the co. raises capital by issuing share certificates by promotion or by
public offer. Shareholders bear limited liability to the extent of
shareholding, and the co. is liable for its debts only to the extent of its
total assets. The co has independent property of legal person and enjoys
property rights of legal person. The
characteristics of the shares limited co. are as follows: The establishment of the co. requires at least two
promoters and no more than 200, half
of whom shall be domiciled in China.. Natural person are allowed to
serve as promoters. The minimum registered capital of a co. is CNY The board of directors must consist of five to nineteen
directors. If the co. raises capital by public offer, the promoters
must not subscribe less than 35% of the total shares. the promoters’ shares
are restricted to transfer- within one year of the offer. A state-owned enterprise that is restructured into a
shares limited co. must comply with the conditions & requirements
specified under the law & administrative rule.
SC’s registered business scope includes producing and selling digital
TV, high frequency head, TV receiving antenna and receiver, integrated tuner,
digital television front end equipment, QAM modulator and modem, digital
compression codec, multiplex, cable TV equipment, TV receiving equipment,
network system integration, health communication terminal product, microwave
active and passive components, electronic components, computer and accessories,
DVR hard disk video recorder, color video camera, GSM mobile phones; the
information industry investment, project investment management; goods and
technology import and export business.
SC
is mainly engaged in researching, development, producing and selling satellite
TV receiving equipment.
Mr.
Liu Tan’ai has been legal representative
and chairman of SC since 2006.
SC is known
to have approx. 2,000 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office and factory in the industrial zone of Chenzhou. The detail
information of the total premise is unspecified.
http://www.gospell.com/
The design is professional and the content is well organized. At present it is
in Chinese and English versions.
Changes
of its registered information:
|
Date of change |
Item |
Before the change |
After the change |
|
2003-9 |
Registered Capital |
CNY 2,000,000 |
CNY 10,800,000 |
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2004-12 |
CNY 10,800,000 |
CNY 20,000,000 |
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2005-6 |
CNY 20,000,000 |
CNY 35,000,000 |
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2005-7 |
CNY 35,000,000 |
CNY 50,000,000 |
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2006-4 |
Legal Representative |
Liu Yun’ai |
Present one |
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2007-1 |
Registered Capital |
CNY 50,000,000 |
CNY 200,000,000 |
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2007-9 |
Registration No. |
4310002002032 |
Present one |
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2007-12 |
Registered Capital |
CNY 200,000,000 |
CNY 98,000,000 |
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2010-8 |
Company name |
Chenzhou Gospell Digital
Technology Co., Ltd. |
Present one |
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Registered Capital |
CNY 98,000,000 |
CNY 106,000,000 |
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Registered Legal Form |
Limited Liabilities Co. |
Present one |
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2010-12 |
Registered Capital |
CNY 106,000,000 |
Present amount |
MAIN SHAREHOLDERS:
Name
% of shareholdings
Shenzhen Gaoshi
Weiye Venture Investment Co., Ltd.
8.6339
Shenzhen Zhongxing Hechuang Growth Fund
Enterprise (Limited Partnership) 7.18
Shanghai Jinglin Venture Investment Center (Limited
Partnership) 3.99
Wuxi Guolian Junyuan Venture Investment
Center (Limited Partnership)
0.8
Shenzhen Dachen Caixin Venture Investment
Management Co., Ltd. 2.67
Hunan Wealth Tongchao Venture Investment
Co., Ltd. 0.8
Liu Tan’ai
37.19
Other 21 individuals 38.7361
l
Chairman & Legal Representative:
Mr. Liu Tan’ai, born in 1963. He is currently
responsible for the overall management of SC
Working Experience(s):
From 2006 to present Working in SC as chairman
& legal
representative
l
General Manager:
Mr. You Zongjie
is currently responsible for the daily management of SC
Working Experience(s):
At present
Working in SC as general manager
l
Supervisors:
Mr. Liu Bingyu
Mr. Zhang Xing
Mr. Xiao Sibiao
l
Directors:
Mr. Ma Gang
Ms. Wang Chun
Mr. Chen Xiaowen
Mr. Liu Wei
Mr. Hu Liqin
SC
is mainly engaged in researching, development, producing and selling satellite
TV receiving equipment.
SC’s products mainly
include: digital TV system equipment, digital TV set-top box front, two-way
network transmission equipment, satellite equipment, wireless transmission
equipment, etc.
SC sources its materials 100% from domestic
market. SC sells 50% of its products in domestic market, and 50% to overseas
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, L/C and Credit of 30-60 days.
Note: SC refused to release its main
customers and suppliers.
Gospell Digital Technology Co., Ltd. Shenzhen Branch
========================================
Address: F10-12, F518 Idea Land, Baoyuan Road, Baoan Central Area,
Shenzhen, Guangdong Province, 518100 Pr China
Tel: 86-755-26716172
Fax: 86-755-26716142
Gospell
Chengdu R& D Center
======================
Add: No. 12 Xinchuang Road, National High-Tech
Development West Zone, Chengdu, Sichuan Province
Tel: +86 028 87839922
Fax: +86 028 87838304
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.
SC’s bank information is not found in local AIC.
Financial Summary
Unit: CNY’000
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As of Dec. 31, 2009 |
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Equity |
175,693 |
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Total liabilities |
200,181 |
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------------ |
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Total assets |
375,874 |
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========= |
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Turnover |
545,258 |
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Profits |
30,163 |
Note: we did not find SC’s detailed financial
reports for Yr2009.
Important
Ratios
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As
of Dec. 31, 2009 |
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*Liabilities
to assets |
0.53 |
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*Net profit
margin (%) |
5.53 |
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*Return on
total assets (%) |
8.02 |
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*Turnover/Total
assets |
1.45 |
PROFITABILITY: FAIRLY GOOD
l
The turnover of SC appears fairly good in 2009.
l
SC’s net profit margin appears fairly good in 2009.
l
SC’s return on total assets appears fairly good in
2009.
l
SC’s turnover is in an average level in 2009,
comparing with the size of its total assets.
LEVERAGE: AVERAGE
l
The debt ratio of SC is average in 2009.
l
The risk for SC to go bankrupt is average.
Overall financial
condition of the SC: Fairly Stable
SC is considered large-sized in its line with fairly stable financial
conditions.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.56.08 |
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UK Pound |
1 |
Rs.87.03 |
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Euro |
1 |
Rs.68.36 |
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.