MIRA
INFORM REPORT
|
Report Date : |
15.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
JINAN SAIXIN MACHINERY CO., LTD. |
|
|
|
|
Registered Office : |
Environmental Protection Science And Technology Industry Park Jinan High-Tech Zone, Shandong Province 205101 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Date of Incorporation : |
18.07.1995 |
|
|
|
|
Com. Reg. No.: |
370127200005152 |
|
|
|
|
Legal Form : |
Limited Liabilities Company |
|
|
|
|
Line of Business : |
Manufacturing and selling food machinery, packaging machinery, and building materials machinery. |
|
|
|
|
No. of Employees : |
80 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 10,000 |
|
Status : |
Moderate |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 and address
JINAN SAIXIN MACHINERY CO., LTD.
ENVIRONMENTAL PROTECTION SCIENCE AND TECHNOLOGY INDUSTRY PARK
JINAN HIGH-TECH ZONE, SHANDONG PROVINCE 205101 PR CHINA
TEL: 86 (0) 531-88970662/88601266/88600266
FAX: 86 (0) 531-81211228
EXECUTIVE SUMMARY
Date of Registration : july 18, 1995
REGISTRATION NO. : 370127200005152
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL : CNY 1,000,000
staff :
80
BUSINESS CATEGORY : manufacturing
Revenue :
n/a
EQUITIES :
n/a
WEBSITE : www.food-machinery.com.cn
E-MAIL :
saixin@food-machinery.com.cn
PAYMENT :
AVERAGE
Recommended Credit Limit : UP TO USD 10,000
MARKET CONDITION : average
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : FAIRLY STABLE
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.30 = USD 1
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 a limited liabilities company of PRC with State Administration of Industry
& Commerce (SAIC) under registration No.:
370127200005152 on July 18, 1995.
SC’s Organization Code Certificate No.:
61320928-8
SC’s registered capital: CNY 1,000,000
SC’s paid-in capital: CNY 1,000,000
Registration Change Record:
|
Date |
Change of Contents |
Before the change |
After the change |
|
|
Registration No. |
3701272803022 |
370127200005152 |
Current Co search indicates SC’s shareholders & chief executives are
as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Zhang Decheng |
85 |
|
Tang Zhanjun |
15 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative, Chairman, and
General Manager |
Zhang Decheng |
|
Supervisor |
Tang Zhanjun |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Zhang Decheng 85
Tang Zhanjun 15
MANAGEMENT
Zhang Decheng ,
Legal Representative, Chairman and General Manager
---------------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Age: 50
Ø
ID# 370102196212221112
Ø
Qualification:
University
Ø
Working
experience (s):
At
present, working in SC as legal representative, chairman and general manager
Tang Zhanjun,
Supervisor
----------------------------------------------
Ø
Gender: M
Ø
Age: 46
Ø
ID# 110104196610191611
BUSINESS OPERATION
SC’s registered
business scope includes manufacturing and selling food machinery, packaging
machinery, building materials machinery; import and export (excluding items prohibited
by law and regulation; with permit if needed). (excluding items without permit)
SC is mainly
engaged in manufacturing and selling food machinery, packaging machinery, and
building materials machinery.
Brand: SAIXIN
SC’s products
mainly include:
Inflating Food
Extruder
Food Machinery
Packing Machine
Cold Food
Machinery
SC sources its materials 100% from domestic
market, mainly Shandong. SC sells 80% of its products in domestic market, and
20% to overseas market, mainly Southeast Asia, Eastern Europe and Africa.
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.
*Major Customers:
==============
Inner Mongolia
Prairie XingFa Co., Ltd.
Fujian Panpan Food
Group Co., Ltd.
Fujian Tophot Food
Co., Ltd.
Staff & Office:
--------------------------
SC is known
to have approx. 80 staff at
present.
SC rents an area
as its operating office & factory of approx. 3,000 sq. meters at the
heading address.
RELATED COMPANY
SC
is not known to have any subsidiary at present.
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
Basic Bank:
Industrial
and Commercial Bank of China Jian Branch Beiyuan Road Office
AC#:
1602025109024201210
FINANCIALS
SC’s financials are not filed in local SAIC.
CONCLUSIONS
SC is considered small-sized in its line with a development history of
17 years. A credit line up to USD 10,000
would appear to be within SC’s capacities.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.33 |
|
|
1 |
Rs.77.41 |
|
Euro |
1 |
Rs.64.84 |
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.