MIRA
INFORM REPORT
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Report Date : |
10.07.2012 |
IDENTIFICATION DETAILS
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Name : |
CHINA NATIONAL ELECTRIC
APPARATUS RESEARCH INSTITUTE CO., LTD. |
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Registered Office : |
Building 3, |
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Country : |
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Date of Incorporation : |
06.09.2002 |
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Com. Reg. No.: |
440108000000021 |
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Legal Form : |
One-Person Limited Liabilities Company |
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Line of Business : |
Manufacturing and selling machinery and electrical equipments,
electrical |
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No. of Employees : |
1,500 |
RATING & COMMENTS
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MIRA’s 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 : |
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 – 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
CHINA NATIONAL ELECTRIC APPARATUS
RESEARCH INSTITUTE CO., LTD.
BUILDING 3, NO. 204 XINGANG WEST
ROAD, HAIZHU DISTRICT, GUANGZHOU, GUANGDONG PROVINCE, 510300 PR CHINA
TEL: 86 (0) 20-86985899/89050888
FAX: 86 (0) 20-86985656/84451516
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEP. 6, 2002
REGISTRATION NO. :
440108000000021
STAFF STRENGTH :
1,500
REGISTERED CAPITAL : CNY 211,700,000
BUSINESS LINE :
R & D, MANUFACTURE
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
CNY 6.37= USD 1
Adopted abbreviations:
ANS - amount not
stated NS - not stated SC - subject company (the company
inquired by you)
NA - not available M - million JPY
–Japan Yen
SC was registered as a one-person limited liabilities co. at local
Administration for Industry & Commerce (AIC - The official body of issuing
and renewing business license).
Single person LLC refers to a
limited liability company set up by only one natural person or legal person
as the single shareholder of it. The minimum registered capital
of Single person LLC is CNY100,000. The shareholder’s capital contributes,
as set out by the articles of associations should be a lump-sum payment in
full. One natural person can only
invest in and set up one limited liability company, which is not permitted
to invest in and set up a new Single person LLC. As to any one-person limited
liability company, the sole-investor nature of the natural person or legal
person shall be indicated in the registration documents of the company and
shall be indicated in the business license thereof as well. The regulation of Single person
LLC should be set up by the shareholder The regulation of Single person
LLC has no shareholder meeting.
SC’s registered
business scope includes electrical machinery and equipment, electrical and
electronic machinery equipment, instruments and meters, refrigeration, air
conditioning equipment, computer applications, machinery and electronic
products environmental technology, the metal surface protection and equipment,
machine parts technology research, design, and technological achievements for
sale and related products installation, manufacturing, sales, repair, and
maintenance; product testing, measurement testing, calibration services and
related technical consultancy, technical services; import and export of goods
and technology (with permit if needed); wholesale and retail trade; exhibition,
conference services; commodity information consultation.
SC is mainly engaged
in researching, developing, manufacturing and selling machinery and electrical
equipment, electrical and electronic products and so on.
Mr. Ma Jian is the legal representative and chairman of SC at present.
SC is known to have approx. 1,500
employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office and head office in the commercial zone of Guangzhou. SC’s management declined to release detailed information of
the premise.
SC’s
factory is located in Huadu District, Guangzhou, Guangdong Province.
http://www.cei1958.com/
The
design is professional and the content is well organized. At present it is in Chinese
and English versions.
Email: geari@geari.com chnmicgeari3@188.com
Changes
of its registered information are as follows:
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Date of change |
Item |
Before the change |
After the change |
|
Unknown |
Company name |
China National Electric Apparatus Research
Institute |
The present one |
MAIN SHAREHOLDERS:
Name %
of Shareholding
China National Machinery Industry Corporation 100
China National Machinery Industry
Corporation (SINOMACH) is a large state-owned enterprise approved by the State
Council and administered by the State-owned Assets Supervision and Administration
Commission. SINOMACH is a Global Top 500 enterprise.
Legal representative: Ren Hongbin
Registration No.: 100000000008032
Incorporation date: May 21, 1988
Registered capital: CNY 7,127,070,000
Add: No. 3 Danling Street, Haidian District, Beijing
Tel: (010)82688888
Fax: (010)82688811
Website: http://www.sinomach.com.cn/
l
Legal representative and Chairman:
Mr. Ma Jian, ID# 440111550214391, born in 1955, with university
education. He is currently responsible for the overall management of SC.
Working Experience(s):
At present Working
in SC as legal representative and chairman;
Also working in Guangzhou Kinte Industrial Co., Ltd., Guangzhou Vkan
Certification & Testing Co., Ltd. as legal representative and chairman
l
Directors:
Quan Liangjun
Liu Zhonglai
Luo Jiwei
Xu Kaixian
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Supervisors:
Qian Zhenqi
Yi Li
Pi Anrong
SC is mainly
engaged in researching, developing, manufacturing and selling machinery and
electrical equipments, electrical and electronic products and so on.
SC’s products mainly include:
-Complete-set of production line and test line
for household electrical appliances and relevant components,
-production line of powder coatings and
paint coatings,
-production line for electroplating,
oxidizing, and coloring of aluminum alloys,
-waste water and waste gas treatment
equipment,
-excitation system and power supply
equipment for power stations,
-test instruments and complete-set testing
equipment for batteries,
-special type powder coatings,
-paint coatings,
-Complete-set testing equipment,
-fine chemical industrial materials,
-electro technical insulation materials,
-controls for appliances,
-electro technical apparatus and instrument.
SC sources its materials 90% from domestic
market, and 10% from overseas market. SC sells 70% of its products in domestic
market, and 30% to overseas market.
The buying terms of SC include Check, T/T, L/C and Credit of 30 days.
The payment terms of SC include Check, T/T, L/C and Credit of 30 days.
Note: SC’s management refused to release its major suppliers or clients.
According to SC’s website:
Guangzhou Vkan Certification & Testing Co., Ltd.
Wuhan Institute of Computer Peripherals (WICP)
Subsidiary:
Guangzhou Kinte Industrial Co., Ltd.
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: 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.
SC’s management
declined to release its banking information.
SC’s financial
reports were not found during our checks with the local Administration for
Industry and Commerce.
SC’s management
declined to release any financial information.
SC is considered large-sized in its line with 10 years development
history. In view of its favorable background, credit up to moderate amount may
be considered.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.02 |
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1 |
Rs.86.77 |
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Euro |
1 |
Rs.68.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.