MIRA INFORM REPORT
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Report Date : |
30.08.2012 |
IDENTIFICATION DETAILS
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Name : |
FUJIAN NEWLAND COMMUNICATION SCIENCE
TECHNOLOGY CO., LTD. |
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Registered Office : |
Building 1-3, Section B, Software Park, No. 89, Software Avenue, Tongpan Road, Gulou District, Fuzhou, Fujian Province, 350003 Pr |
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Country : |
China |
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Date of Incorporation : |
29.11.2001 |
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Com. Reg. No.: |
350100400001214 |
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Legal Form : |
Shares Limited Company |
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Line of Business : |
manufacturing and selling communication system equipment, terminal
equipment and other related products |
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No. of Employees : |
500 employees |
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 : |
Unknown |
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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 & address
FUJIAN NEWLAND COMMUNICATION SCIENCE TECHNOLOGY CO., LTD.
Building 1-3,
section b, Software Park,
NO. 89, Software
AVENUE, tongpan road,
gulou district, fuzhou, fujian province,
350003 PR CHINA
TEL: 86 (0)
591-87860168 FAX: 86 (0)
591-88267346
EXECUTIVE SUMMARY
INCORPORATION DATE : NOV. 29, 2001
REGISTRATION NO. : 350100400001214
REGISTERED LEGAL FORM : Shares limited co.
STAFF STRENGTH :
500
REGISTERED CAPITAL : CNY 84,000,000
BUSINESS LINE :
MANUFACTURING 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 6.3554 = 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
Note: SC’s correct
name should be the heading one.
SC was registered as a Shares limited co. at local Administration for
Industry & Commerce (AIC - The official body of issuing and renewing
business license).
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 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 manufacturing
communication system equipment, terminal equipment and other related products,
after-sales maintenance services as well as related products technical
information consulting services; manufacturing mobile terminal and the
generator(s) and after-sales service; developing computer hardware and
software, manufacturing electronic products; manufacturing radio and television
system equipment (including wireless radio and television transmitting equipment),
TV terminal equipment and other related products; value-added services of all
kinds of digital information technology development, transfer of technology
consulting, technology services; the aforementioned products construction,
engineering, installation and agency business (excluding satellite TV receiving
equipment); importing and exporting goods and technology (excluding import
distribution). (involved in the approval of the licensing program, engage in
production operation, only allowed in the approval of scope and validity).
SC is mainly
engaged in manufacturing and selling communication system equipment, terminal
equipment and other related products.
Mr. Hu Gang is the
legal representative and chairman of SC at present.
SC is known to
have approx. 500 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the software park of Fuzhou. Our checks reveal that SC
rents the total premise, but the gross area of the premise is unspecific.
SC’s
factory is located in Building 6, Feimaotui Industrial Zone, No. 70, Rujiang
East Road, Mawei District, Fuzhou, Fujian Province
http://www.newland.cn The design is professional and the content is
well organized. At present it is in Chinese and English versions.
E-mail: sales.intl@newland.cn
Changes
of its registered information are as follows:
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Date of change |
Item |
Before the
change |
After the change |
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2005 |
Legal form |
Limited liabilities co. |
Chinese-foreign
equity joint venture enterprise |
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Unknown |
Chinese-foreign
equity joint venture enterprise |
Present one |
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Company Chinese
name |
福建新大陆通信科技有限公司 |
Present one |
Note: SC changed its Chinese name, while its English name remains the
same.
SC has got the certificates of
Etc.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Fujian Newland Science & Technology Group Co., Ltd. 46.28
Foryouth International Limited (U.K.) 30.86
Fuzhou Development Zone Yingke
Investment & Management Co., Ltd. (in
Chinese Pinyin) 12.86
Other Individuals 10
Fujian Newland
Science & Technology Group Co., Ltd.
========================================
Newland industries across the internet of
things, triple play communications and green technology three main areas. It is
a leading set of things core technology, core products, industry applications
and business model innovation in a comprehensive internet of things and the
three networks integration of digital TV integrated service providers and
wireless communication equipment suppliers to ozone technology independent core
technology in environmental protection equipment and service providers, and the
only master of the UV-C disinfection technology with high-power. Its subsidiary
Fujian Newland Computer Co., Ltd. listed on the Shenzhen Stock Exchange in 2000
(code 000997).
Registration no.: 350105100000782
Legal rep.: Hu Gang
Tel: 86- 0591-83979962
Fax: 86- 0591-83977666
Web: http://www.newland.com.cn
E-mail: webmaster@newland.com.cn
Add: Newland Science and Technology Park, No. 1, Rujiang West Road,
Mawei District, Fuzhou, Fujian Province
Legal
Representative and Chairman:
Mr. Hu Gang, born in 1958, with university education, senior engineer. He is currently responsible for the overall management of SC.
Working
Experience(s):
At present Working
in SC as legal representative and chairman.
Also working in Fujian Newland Science & Technology Group Co., Ltd. and Fujian Newland Computer Co., Ltd. as legal representative.
General Manager:
Mr. Chen Xiaohui is currently
responsible for the daily management of SC.
Working
Experience(s):
At present Working in SC as general manager.
Also working in Fuzhou Development
Zone Yingke Investment & Management Co., Ltd. (in Chinese Pinyin) as legal
representative.
Directors:
Xu Qiang
Zheng Haitao
Lin Xuejie
Jiang Weiliang
Chen Ling
Su Kaixiong
Wang Jing
Supervisors:
Chen Wei
Zhang Shuyi
Zhang Yunqing
SC is mainly
engaged in manufacturing and selling communication system equipment, terminal
equipment and other related products.
SC’s products
mainly include:
DTV STB solution
·DVB-S/S2
·DVB-T/T2/ISDB-T
·DVB-C
DTV broadcast solution
·digital TV Transmitter
·fiber optical digital TV gap giller
·frequency-shift digital TV
gap filler
·high power wireless digital TV gap filler
·low power wireless digital TV gap filler
wireless enhancement
SC sources its
materials 80% from domestic market, and 20% from overseas market. SC sells 60%
of its products in domestic market, and 40% to overseas market.
The buying terms of SC include Check, T/T, L/C 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 declined to release its major suppliers and clients.
Fujian Newland Computer Co., Ltd.
The said company is a listed company in Shenzhen Stock Exchange Market with the code of 000997.
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 Everbright Bank Fuzhou Tongpan Sub-branch
AC# N/A
Relationship:
Normal.
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
11 years.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.67 |
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UK Pound |
1 |
Rs.88.05 |
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Euro |
1 |
Rs.69.96 |
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.