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MIRA
INFORM REPORT
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Report Date : |
16.02.2012 |
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Tel. No.: |
86-21-63171252 |
IDENTIFICATION DETAILS
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Name : |
SHANGHAI ZHUANGSEN COMPANY LIMITED |
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Registered Office : |
Room 2301, Building 7, Lane 938, Datong Road, Shanghai, 200072 Pr |
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Country : |
China |
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Date of Incorporation : |
28.09.2010 |
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Com. Reg. No.: |
310114002185890 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Selling furniture, electronic products and so on. |
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRAs 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 : |
Small Company |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
SHANGHAI ZHUANGSEN COMPANY LIMITED
ROOM 2301, BUILDING
7, LANE 938, DATONG ROAD, SHANGHAI, 200072 PR CHINA
TEL: 86 (0)
21-63171252/ 86-15001998722 FAX: 86 (0) 21-63171252
EXECUTIVE SUMMARY
INCORPORATION DATE : Sep. 28, 2010
REGISTRATION NO. :
310114002185890
REGISTERED LEGAL FORM : LIMITED LIABILITY COMPANY
STAFF STRENGTH :
3
REGISTERED CAPITAL : CNY 300,000
BUSINESS LINE :
TRADING
TURNOVER :
n/a
EQUITIES :
n/a
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : c.o.d.
MARKET CONDITION : fair
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : fairLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY
6.30 =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: the given address 99 Baole Road, Building 1, Baoshan
District, Shanghai, China was the former operating address of SC.
SC was registered as a limited liabilities company at local
Administration for Industry & Commerce (AIC - The official body of issuing
and renewing business license) on Sep. 28,
2010.
Company Status: Limited liabilities co. This form of business in PR
China is defined as a legal person. No more than fifty shareholders contribute
its registered capital jointly. 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 CNY 30,000. 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 30% 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
SCs registered business scope includes selling computer hardware and
software (except for the safety of computer information systems), hardware,
electronic products, communication equipment, electrical and mechanical
equipment and accessories, construction and decoration materials, office
supplies, audio equipment, general merchandise, apparel, machinery and
equipment and accessories, arts and crafts, toys, and furniture. (with permit if needed)
SC is mainly
engaged in selling furniture, electronic products and so on.
Mr.
Zhuang Qing is the legal representative
and chairman of SC at present.
SC is known
to have approx. 3 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, but the gross area is unspecified.
http://www.szcoltd.com/ the design is professional and the content is
well organized. At present it is in English version.
Email: zhuangsen.sh@gmail.com
According to SCs accountant Ms. Li, SC started its normal business in
July of 2011 and has a little business until now.
The paid-up capital of SC is CNY 150,000 now.
No significant changes were found during our checks with local AIC.
MAIN SHAREHOLDERS:
Name % of Shareholding
Zhuang Qing
60
Wu Guoxiu
40
l
Legal representative and Chairman:
Mr. Zhuang Qing is currently
responsible for the overall management of SC.
Working Experience(s):
At present Working in SC as legal representative
and chairman
SC is mainly
engaged in selling furniture, electronic products and so on.
SC started its normal business in July of 2011.
SCs products mainly include flooring, boards, UPVC windows & doors,
LEDs, furniture, etc.
SC sources its
materials and products 100% from domestic market. SC sells 100% of its products
in domestic 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 and Credit of 30-60 days.
Note:
SCs management declined to release its major suppliers and clients.
According to SCs website:
India Office
Add: Rishi Kumar/ Ramesh Gupta
11/6B Pusa Road, New Delhi, 110005 (India)
Tel: +919953280050 / +9811070178
Email: rish_k_hiden@yahoo.com
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 records
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.
The bank
information is not found in local AIC.
Established in September of 2010 and started its normal business in July
of 2011, SCs annual financial reports are not available at present.
Established in September of 2010, SC started its normal business in July
of 2011 and has a little business until now. Credit dealings with SC are
recommended under secured terms.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.29 |
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1 |
Rs.77.45 |
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Euro |
1 |
Rs.64.89 |
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 SCs 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.