MIRA INFORM REPORT
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Report Date : |
21.01.2012 |
IDENTIFICATION DETAILS
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Name : |
ANSHAN ZIZHU MATERIAL CO., LTD. |
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Registered Office : |
16/F, Block C, Dashang Shangcheng International, Tiedong
District, Anshan, Liaoning Province, 114041 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
16.08.2004 |
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Com. Reg. No.: |
210300005007448 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling Metal
Materials |
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No. of Employees
: |
30 |
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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Maximum Credit Limit : |
usd 400,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Slow but Correct |
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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 30th, 2011
|
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 & address
anshan zizhu
material co., ltd.
16/f, BLOCK c,
dashang SHANGCHENG international, tiedong district, anshan, liaoning PROVINCE,
114041 PR CHINA
TEL: 86 (0)
412-5911393/5919511/5911377 FAX:
86 (0) 412-5911393
EXECUTIVE SUMMARY
INCORPORATION DATE : august 16, 2004
REGISTRATION NO. : 210300005007448
REGISTERED LEGAL FORM : Limited liabilities company
CHIEF EXECUTIVE :
MR. hong hai (CHAIRMAN)
STAFF STRENGTH :
30
REGISTERED CAPITAL : CNY 19,500,000
BUSINESS LINE :
trading
TURNOVER :
CNY 430,223,000 (AS OF DEC. 31, 2010)
EQUITIES :
CNY 63,339,000 (AS OF DEC. 31, 2010)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO usd 400,000
MARKET CONDITION : competitive
FINANCIAL CONDITION : fairly stable
OPERATIONAL TREND : fairly STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.32 = 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 (No. 15, Anhai Road, Qianshan District, Anshan, Liaoning Province) was SC’s former one, and SC is operating in the heading address at present.
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 August 16, 2004.
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.
SC’s registered business scope includes selling metal materials,
chemical products, building materials, mechanical and electrical products,
machinery equipment, hoisting equipment, refractory, hardware tools, and
environmental protection equipment, energy-saving technology, information
technology consulting services, importing and exporting goods and technology.
SC is mainly
engaged in selling metal materials.
Mr. Hong Hai has
been chairman of SC since 2004.
SC is known to
have approx. 30 employees at present.
SC is
currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Anshan. Our checks reveal that SC
rents the total premise about 500 square meters.
http://www.aszizhu.com The design
is professional and the content is well organized. At present the web site is
in both Chinese and English versions.
E-mail: carol@aszizhu.com
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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|
Registered capital |
CNY 500,000 |
CNY 9,500,000 |
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Shareholdings |
Hong Hai 80% Li Li 20% |
Hong Hai 88.42% Li Li 11.58% |
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Registration No. |
2103032190246 |
2103002170398 |
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Registration No. |
2103002170398 |
2103032191173 |
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Registration No. |
2103032191173 |
Present number |
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Registered capital |
CNY 9,500,000 |
Present amount |
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Shareholders |
Hong Hai 88.42% Li Li 11.58% |
Present ones |
MAIN SHAREHOLDERS:
Name %
of Shareholding
Liaoning Zizhu
Group Co., Ltd. 51.28
Hong Hai 43.08
Li Li 5.64
Liaoning Zizhu
Group Co., Ltd.
=======================
Liaoning Zizhu
Group Co., Ltd. is a large-scaled comprehensive enterprise, which is
professional in iron & steel smelting, steel rolling, international trade,
R&D of high technology, coal business, logistics, etc.
Registration number: 210300005084944
Registered capital: CNY 250,000,000
Legal representative: Mr. Hong Hai
Tel: +86-412
5911377/5911511/2260162/8997816/8997817/8997819
Fax: +86-412-5911393
Chairman and General
Manager:
Mr. Hong Hai, ID# 210313730606125, born in 1973, with university
education. He is currently responsible for the overall management of SC.
Working Experience(s):
From 2004 to present Working
in SC as chairman and general manager.
Also working in Liaoning Zizhu Group Co., Ltd. as legal representative.
Director:
Li Li ID# 210324197610291646
SC is mainly
engaged in selling metal materials.
SC’s products
mainly include: UIC33/U69 check rail, DIN 536 standard steel rail, railway
accessories, unequal angle steel, steel sleeper, UIC 860 standard steel rail,
Chinese standard light rail, and etc.
SC sources its materials 100% from domestic
market, mainly Anshan. SC sells 80% of its products in domestic market, and 20%
to overseas market, mainly Southeast Asian market.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include T/T, L/C and Credit of 30-60 days.
*Major Supplier:
==============
Anshan The Third Steel Rolling Co., Ltd.
SC is
not known to have any subsidiary at present.
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: A trade enquiry currently
conducted with SC's supplier(s) reveal the following:
Supplier
A
Products sold: Light
rail, heavy rail, crane rail, I-beam
Date account opened: Since 2008 to present
Line of credit: N/A
Terms: 30-60
days
Average monthly sales: N/A
Current balance: N/A
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.
Anshan City Commercial Bank
AC#7200000000830868
Relationship:
Normal.
Financial Summary
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Unit: CNY’000 |
as
of Dec. 31, 2009 |
as
of Dec. 31, 2010 |
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Total
liabilities |
264,027 |
532,803 |
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Equities |
48,206 |
63,339 |
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------------------ |
------------------ |
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Total assets |
312,233 |
596,142 |
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=========== |
=========== |
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Turnover |
638,369 |
430,223 |
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Profit before
tax |
43,608 |
12,248 |
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Less: profit tax |
10,902 |
3,062 |
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Profits |
32,706 |
9,186 |
Note: we did not
find SC’s detailed financial reports for Yr2009 and Yr2010.
Important
Ratios
=============
|
|
As
of Dec. 31, 2009 |
As
of Dec. 31, 2010 |
|
*Liabilities
to assets |
0.85 |
0.89 |
|
*Net profit
margin (%) |
5.12 |
2.14 |
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*Return on
total assets (%) |
10.47 |
1.54 |
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*Turnover/Total
assets |
2.04 |
0.72 |
PROFITABILITY:
AVERAGE
l
The turnover of SC appears fairly good, but it
decreased in 2010.
l
SC’s net profit margin is fairly good in 2009, but
average in 2010.
l
SC’s return on total assets is fairly good in 2009,
but average in 2010.
l
SC’s turnover is in an average level in 2009 but in
a fair level in 2010, comparing with the size of its total assets.
LEVERAGE: FAIR
l
The debt ratio of SC is high.
l
The risk for SC to go bankrupt is average.
Overall financial
condition of the SC: Fairly Stable.
SC is considered medium-sized in its line with fairly stable financial
conditions. A credit line up to USD 400,000
would appear to be within SC’s capacities.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.33 |
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UK Pound |
1 |
Rs.77.97 |
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Euro |
1 |
Rs.65.07 |
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.