MIRA
INFORM REPORT
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Report Date : |
01.06.2012 |
IDENTIFICATION DETAILS
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Name : |
FUJITEC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
18.12.2006 |
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Com. Reg. No.: |
310000400494778 |
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Legal Form : |
Wholly Foreign-Owned Enterprise |
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Line of Business : |
manufacturing and trading elevators and escalators
parts |
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No. of Employees : |
250 |
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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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
FUJITEC SHANGHAI SOURCING CENTER CO., LTD.
No. 1000 XinFei
Road, Eastern New Area,
SongJiang
Industrial Zone, Shanghai, 201611 PR CHINA
TEL: 86 (0)
21-67601515/67601462 FAX: 86 (0)
21-67601463
EXECUTIVE SUMMARY
INCORPORATION DATE : dec. 18, 2006
REGISTRATION NO. : 310000400494778
REGISTERED LEGAL FORM :
WHOLLY FOREIGN-OWNED ENTERPRISE
STAFF
STRENGTH : 250
REGISTERED
CAPITAL : usd 30,835,000
BUSINESS
LINE :
Manufacturing & trading
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
CNY 6.34 = 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 extension no. “021-67601515
SC was registered as a wholly foreign-owned enterprise at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on Dec. 18, 2006.
Company Status: Wholly foreign-owned enterprise This
form of business in PR China is defined as a legal person. It is a limited
co. established within the territories of PR China with capital provided
totally by the foreign investors. More than one foreign investor may
jointly invest in a wholly foreign-owned enterprise. The investing
party/parties solely exercise management, reap profit and bear risks and
liabilities by themselves. This form of companies usually have a limited
duration is extendible upon approval of Examination and Approval
Authorities.
SC’s registered business scope includes researching, developing,
manufacturing and processing of elevators, escalators parts, selling of company
products and provide technical services and after-sales service, engaged in the
import and export business of goods and those similar to the above products,
wholesaling business and other related business enterprises management
Consulting (with permit if needed).
SC is mainly
engaged in manufacturing and trading elevators and
escalators parts.
Mr.
Uchiyama Yasuyuki is legal representative, chairman and general manager of SC at present.
SC is
known to have approx. 250 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office and factory in the industrial zone of Shanghai. Our checks reveal
that SC owns the premise, but the detailed
information of the premise is unspecified.
http://www.fujitec.com.cn/ This
website belongs to Fujitec Group, also including the information of SC. The
design is professional and the content is well organized. At present it is in
both Chinese and English versions.
No significant events or changes were found during our checks with the
local Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Fujitec Co., Ltd. (Japan) 100
Fujitec Co., Ltd. was established in 1948 as
a specialized elevator manufacturer. Today, Fujitec builds upon its years of
expertise and experience as an integrated manufacturer of a wide variety of
people-moving systems, including elevators, escalators and autowalks (moving
walkways). These state-of-the-art products represent Fujitec’s integrated
operations covering phase of the product’s lifecycle from development to sales
and installation to maintenance.
Web: https://www.fujitec.co.jp/
Legal
Representative, Chairman and General Manager:
Mr. Uchiyama Yasuyuki , Japanese, he is currently
responsible for the overall and daily management of SC.
Working
Experience(s):
At present Working in SC as legal representative, chairman and general manager.
Also working in Fujitec Shanghai Technologies Co., Ltd. as
legal representative, etc.
SC is mainly
engaged in manufacturing and trading elevators and escalators
parts.
SC’s products mainly include: various kinds of elevators, escalators
& moving walks, etc.
SC sources its materials 100% from domestic
market. SC sells 100% of its products to overseas 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, L/C and Credit of 30-60
days.
Note:
SC’s management declined to release its major clients and suppliers.
·
Fujitec Shanghai Technologies Co., Ltd.
Shanghai Huasheng Fujitec Escalator Co., Ltd.
Etc.
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.
No bank
information was found during our checks with the local Administration for
Industry and Commerce. And SC declined to release its banking details.
Investigations were made with the local AIC, but the financial records
were not available.
SC’s management declined to release any financial information.
SC is considered medium-sized in its line with a development
history
of 6 years.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.42 |
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UK Pound |
1 |
Rs.87.37 |
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Euro |
1 |
Rs.69.95 |
INFORMATION DETAILS
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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.