MIRA
INFORM REPORT
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Report Date : |
03.07.2012 |
IDENTIFICATION DETAILS
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Name : |
BEIJING JINGDIAO CO., LTD. |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
19.12.1994 |
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Com. Reg. No.: |
110000004871672 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
manufacturing and selling electrical and
mechanical equipment, communications equipment |
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No. of Employees : |
1,300 |
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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Status : |
Good |
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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 – 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
Beijing Jingdiao Co.,
Ltd.
no. 10 yong’an road, shilong industrial zone, mentougou district
beijing 102308 PR CHINA
TEL: 86 (0) 10-60801188
FAX: 86 (0) 10-69808268
EXECUTIVE SUMMARY
Date of Registration : December 19, 1994
REGISTRATION NO. : 110000004871672
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL : cny 40,000,000
staff : 1,300
BUSINESS CATEGORY : manufacturing
Revenue :
CNY 1,325,840,000 (AS OF DEC. 31,
2011)
EQUITIES :
CNY 762,610,000 (AS OF DEC. 31, 2011)
WEBSITE : www.jingdiao.com
E-MAIL :
market@jingdiao.com
PAYMENT : AVERAGE
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIRLY GOOD
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.36 = 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
LEGAL
STATUS & HISTORY
SC was
established as a limited liabilities company of PRC with State Administration
of Industry & Commerce (SAIC) under registration No.: 110000004871672 on December
19, 1994.
SC’s Organization Code Certificate
No.: 10235303-4
SC’s registered capital: cny 40,000,000
SC’s paid-in capital: cny 40,000,000
Registration Change Record:-
No significant changes of SC have
been noted in SAIC since its incorporation.
Current Co search indicates SC’s shareholders & chief
executives are as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Wu Aijun |
10 |
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Zhang Baoquan |
4 |
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Huang Shan |
15 |
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Wei Fei |
56 |
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Xue Yingqi |
15 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative,
Chairman, and General Manager |
Wei
Fei |
|
Supervisor |
Huang
Shan |
RECENT
DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER
CHART & BACKGROUND
Name %
of Shareholding
Wu Aijun 10
Zhang Baoquan 4
Huang Shan 15
Wei Fei 56
Xue Yingqi 15
MANAGEMENT
Wei
Fei, Legal Representative,
Chairman and General Manager
-------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Age:
Ø
Qualification:
University
Ø
Working
experience (s):
From 1994 to present, working in SC as legal representative, chairman and general manager, also working in Beijing Jingdiao Precision Machinery Co., Ltd. as legal representative
Supervisor
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Huang Shan
BUSINESS
OPERATION
SC’s registered business scope includes developing electrical
and mechanical equipment, communications equipment; technical services,
technical training, technology transfer, technical advisory; information
consulting; selling computer software and hardware, machinery and electrical
equipment, electronic products, electronic components; goods import and export;
import and export agent.
SC is
mainly engaged in manufacturing and selling electrical and mechanical equipment,
communications equipment.
Brand: JD
SC’s
products mainly include: CNC Engraving Machine
SC sources its materials 100% from domestic market. SC sells 60% of its products in domestic market, and 40% to overseas market, mainly USA, Europe, Mid East, Southeast Asia, etc.
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 Customer:
=============
Infiniti Digital
Tech Inc.
Staff & Office:
--------------------------
SC is
known to have approx. 1,300
staff at present.
SC owns an area as
its operating office and factory, but the detailed information is unknown.
RELATED
COMPANY
SC is known to have
following branches at present:
· Beijing Jingdiao Co., Ltd. Futian Branch
Beijing
Jingdiao Co., Ltd. Guangzhou Branch
Beijing
Jingdiao Co., Ltd. Dalian Branch
Beijing
Jingdiao Co., Ltd. Changzhou Branch
Beijing
Jingdiao Co., Ltd. Foshan Branch
Beijing
Jingdiao Co., Ltd. Yongkang Branch
Beijing
Jingdiao Co., Ltd. Wuxi Branch
Beijing
Jingdiao Co., Ltd. Quanzhou Branch
Beijing
Jingdiao Co., Ltd. Xi’an Branch
Beijing
Jingdiao Co., Ltd. Tianjin Branch
Beijing
Jingdiao Co., Ltd. Cixi Branch
Beijing
Jingdiao Co., Ltd. Yuyao Branch
Beijing
Jingdiao Co., Ltd. Suzhou Branch
Beijing
Jingdiao Co., Ltd. Xiamen Branch
Beijing
Jingdiao Co., Ltd. Wuhan Branch
Beijing
Jingdiao Co., Ltd. Shenyang Branch
Beijing
Jingdiao Co., Ltd. Nanjing Branch
Beijing
Jingdiao Co., Ltd. Shanghai Branch
Etc.
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
The bank
information of SC is not filed in SAIC.
FINANCIALS
Financial Summary
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Unit: CNY’000 |
As
of Dec. 31, 2011 |
|
Long term investment |
235,550 |
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Total assets |
1,004,280 |
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Long term liabilities |
0 |
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Total
liabilities |
241,670 |
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Equities |
762,610 |
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Revenue |
1,325,840 |
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Profit before
tax |
333,930 |
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Less: profit tax |
45,470 |
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Profits |
288,460 |
Note: The detailed financials for Y2011 are not available in SAIC.
Important Ratios
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As
of Dec. 31, 2011 |
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*Liabilities
to assets |
0.24 |
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*Net profit
margin (%) |
21.76 |
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*Return on total
assets (%) |
28.72 |
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*
Revenue/Total assets |
1.32 |
FINANCIAL
COMMENTS
PROFITABILITY:
FAIRLY GOOD
l
The revenue of SC appears
good in its line.
l
SC’s net profit margin is fairly good.
l
SC’s return on total assets is fairly good.
LIQUIDITY:
AVERAGE
l
SC’s revenue is in an
average level, comparing with the size of its total assets.
LEVERAGE:
FAIRLY GOOD
l
The debt ratio of SC is low.
l
The risk for SC to go bankrupt is average.
Overall financial
condition of the SC: Fairly Good.
CONCLUSIONS
SC is considered large-sized in its line with
fairly good financial conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.83 |
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UK Pound |
1 |
Rs.87.41 |
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Euro |
1 |
Rs.70.43 |
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.