MIRA
INFORM REPORT
|
Report Date : |
03.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHENYANG GOLD JYOUKI TECHNOLOGY CO., LTD |
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Registered Office : |
Dawula Village, Changtan Town, Shenyang Economic and
Technological Development Zone, Shenyang City, Liaoning Province |
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Country : |
China |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
28.09.2005 |
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Com. Reg. No.: |
210106000001873 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Manufacture and Sales af Organic Chemical Materials |
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No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
150,000.00 |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
China |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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
|
SHENYANG GOLD JYOUKI TECHNOLOGY CO., LTD. |
|
|
Dawula Village, Changtan Town, Shenyang Economic and
Technological Development Zone, Shenyang City, Liaoning Province |
|
|
110211 |
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Tel : |
86 24 87780097 |
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Fax: |
86 24 87789318 |
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E-mail: |
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Website: |
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GTM Reference No. |
120129077 |
Currency in this report is Chinese Yuan unless
otherwise stated.
Exchange Rate: 1 USD=6.30 Chinese Yuan
"--"in this report indicates
"unavailable" due to insufficient information or "no
comments"
Note:
The address provided
in the order isn’t complete. The complete one is as listed in the report.
EXECUTIVE
SUMMARY
|
DATE OF establishment |
Sep 28th, 2005 |
|
Aic Registration No. |
210106000001873 |
|
REGISTERED LEGAL FORM |
LIMITED LIABILITIES COMPANY |
|
REGISTERED CAPITAL |
1,000,000.00 |
|
main BUSINESS |
Sales of organic chemical materials |
|
SIC Code (China) |
6369 Wholesale of other chemical products. |
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|
|
|
employees |
20 |
|
import and export permits |
yes |
|
business scale |
Average |
|
operation trend |
Good |
|
TURNOVER |
27,023,241.00 (As of Dec.31st,
2010) |
|
net profit |
N/A |
|
total assets |
13,178,343.00 (As
of Dec.31st, 2010) |
|
net worth |
1,295,022.00 (As
of Dec.31st, 2010) |
|
|
|
|
base Credie limit |
150,000.00 |
|
EXCHANGE RATE |
1 Usd=6.30CNY (FEB. 2nD, 2012) |
REGISTRATION
|
Name |
SHENYANG GOLD JYOUKI TECHNOLOGY CO., LTD. |
|
AIC Registration Number |
210106000001873 |
|
Registered address |
Dawula Village, Changtan Town, Shenyang Economic
and Technological Development Zone, Shenyang City, Liaoning Province |
|
Operation address |
Dawula Village, Changtan Town, Shenyang Economic
and Technological Development Zone, Shenyang City, Liaoning Province |
|
Date of Establishment |
Sep 28th, 2005 |
|
Registry |
Administration Bureau of Industry and Commerce –
Economic and Technological Development Zone (Shenyang) |
|
Legal Representative |
Xu Wei |
|
Registered Legal Form |
LIMITED LIABILITIES COMPANY |
|
Registered Capital |
1,000,000.00 CNY |
|
Operating Duration |
From Sep 28th, 2005
to Sep 27th, 2018 |
|
Changes in Registration |
1.
Aug 17th, 2006 SC’s Registration No. was changed from 2101322106619 to 2101062102788. 2.
Aug 17th, 2006 SC’s registered address was changed to No.90, Jingxing South Street,
Tiexi Dist, Shenyang City, Liaoning Province From RM 301, Tower C, No.54, Sanhao Street, Heping Dist, Shenyang
City, Liaoning Province. 3.
Nov 27th, 2007 SC’s Registration No. was changed from 2101062102788 to
210106000001873. 4.
Oct 21st, 2008 SC’s registered address was changed to the present address. 5.
Oct 21st, 2008 SC’s registered capital was increased from 500,000.00 CNY to
1,000,000.00 CNY. |
Limited liabilities co.
This form of business in PR China is
defined as a legal person. Its registered capital is contributed jointly by at
least two shareholders and no more than fifty. 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 listed as follows:
-manufacturing co. :
RMB 500,000.00
-trading &wholesaling co. : RMB 500,000.00
-retailing co. : RMB 300,000.00
-consultancy & service co. :
RMB 100,000.00
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 50% of the registered capital while contribution by
intangible assets must not exceed 20% 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.
REGISTRATION INFO: AVAILABLE
FINANCIAL REPORTS: AVAILABLE
SHAREHOLDERS
AND SHARES
As indicated in the following table:
|
Shareholder |
Capital
Subscribed (UNIT:
CNY) |
Percentage |
|
Xu Wei |
800,000.00 |
80% |
|
Xu Xian |
200,000.00 |
20% |
|
Total |
1,000,000.00 |
100% |
|
Shareholder |
Way
of Investment |
Paid-up
Percentage |
|
Xu Wei |
Capital
|
100% |
|
Xu Xian |
Capital |
100% |
AFFILIATE(S)
No affiliate of SC
was found after checking.
MANAGEMENT
|
Name |
Xu Wei |
|
Gender |
Male |
|
Title |
Legal representative |
BANKERS INFORMATION
|
Bank name |
China Citic Bank |
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Account No. (CNY) |
-- |
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Source of information |
Subject’s staff |
OFFICE FACILITIES
|
Geographic Location |
Dawula Village, Changtan Town, Shenyang Economic
and Technological Development Zone, Shenyang City, Liaoning Province |
|
Area |
200 square meters |
|
Environment and traffic |
Acceptable |
|
Property Ownership |
Rented |
TRADEMARKS
& PATENTS
After
checking with the Trademark Office of Chinese Administration Bureau of Industry
and Commerce and the State Intellectual Office, no trademarks or patents of SC
were found.
MAIN
PRODUCTS & SERVICES
|
Main business |
Sales of organic chemical materials. |
|
Products and services |
SC mainly deals with manufacture and sales
of organic chemical materials. Its products are mainly medicine and pesticide
intermediates including epihydrin alcohol, epoxy, propylene glycol, CHBE,
etc. |
SALES INFORMATION
|
Local sales |
70% |
|
Regions |
All
over China |
|
Major domestic clients |
Domestic
medicine companies, etc. |
|
Payment terms |
Prompt payment; on credit |
|
Export |
30% |
|
Regions |
Europe,
America, etc. |
|
Major overseas clients |
International
traders, etc. |
|
Payment terms |
L/C, T/T |
|
SC’s products are mainly
sold to domestic and international medicine and pesticide companies, etc.
Although with several years’ history, its business scale is average and its
sales network needs to be further developed. |
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|
The above information was
confirmed by SC’s employee on Feb. 2nd, 2012. |
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PURCHASE
INFORMATION
|
Main Commodities Purchased |
Epihydric alcohol, epoxy, other organic
chemical materials, etc. |
|
Region |
Local: 100% |
|
Number of Major Suppliers |
More than 3 |
|
Major suppliers |
Domestic chemical plants, etc. |
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Main Terms of Payment |
Local: Prompt payment; on
credit |
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SC’s products are mainly supplied by local
chemical factories and it has stable sources of goods. Names of the suppliers
were refused to disclose by SC’s staff. |
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|
The above information was confirmed by SC’s
employee on Feb. 2nd, 2012. |
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CREDIT
The investigated person only said SC has
fixed suppliers which are mainly from Shenyang City. However, names of the
suppliers were refused to disclose by the staff. Hence no credit comment from
the suppliers can be provided in the report.
LITIGATION
RECORDS
After checking with China Court organization,
the local court website and other major searching websites, no litigation
record related to subject company in the latest three years is found.
FINANCE
Balance Sheet & Income Statement (Unit: Chinese Yuan):
|
|
Dec.
31st, 2009 |
Dec. 31st, 2010 |
|
Total assets |
5,850,517 |
13,178,343 |
|
Total current liabilities |
4,903,001 |
11,883,321 |
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Total L/T liabilities |
0 |
0 |
|
Total liabilities |
4,903,001 |
11,883,321 |
|
Total owner’s interest |
947,516 |
1,295,022 |
|
Liabilities and owner’s interest |
5,850,517 |
13,178,343 |
|
Main business income |
9,745,627 |
27,023,241 |
|
Total profit |
-8,320 |
477 |
|
-Income tax |
0 |
|
|
Net profit |
-8,320 |
|
Note: Through the current AIC channels, only the financial
summary of 2009 and 2010 is obtained for the client’s reference.
Important
Ratios:
|
|
2009 |
2010 |
|
Return on net assets (%) |
-0.88 |
|
|
Return on total assets (%) |
-0.14 |
|
|
Net profit margin (%) |
-0.09 |
|
|
Turnover of total assets |
1.67 |
2.05 |
|
Turnover of current assets |
|
|
|
Turnover of account receivable |
|
|
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Inventory turnover |
|
|
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Asset liability ratio (%) |
83.80 |
90.17 |
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Current ratio |
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Quick ratio |
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Analysis of financial indicator
Long-term solvency: poor
Short-term solvency: N/A
Asset security: poor
Inventory status: N/A
Capital turnover: poor
Debt recovery status: N/A
Profitability: N/A
Return on assets (ROA): N/A
Enterprise background: average
Payment records: N/A
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.12 |
|
|
1 |
Rs.77.84 |
|
Euro |
1 |
Rs.64.54 |
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.