MIRA
INFORM REPORT
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Report Date : |
07.06.2012 |
IDENTIFICATION DETAILS
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Name : |
ALLY HI-TECH CO., LTD. |
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Registered Office : |
B-4f, Doctor Venture Park, No. 5, Gaopeng Road, High-Tech
Zone, Chengdu, Sichuan Province 610041 Pr |
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Country : |
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Date of Incorporation : |
18.09.2000 |
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Com. Reg. No.: |
510109000050061 |
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Legal Form : |
Shares Limited Company |
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Line of Business : |
researching &
developing gas products; designing and contracting engineering |
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No. of Employees : |
100 |
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 & address
ALLY
HI-TECH CO., LTD.
B-4F, DOCTOR
Venture park, NO. 5, GAOPENG ROAD, HIGH-TECH ZONE, CHENGDU, SICHUAN PROVINCE 610041
PR CHINA
TEL: 86 (0) 28- 85130068 FAX:
86 (0) 28-85180440
EXECUTIVE SUMMARY
INCORPORATION DATE : SEP. 18, 2000
REGISTRATION NO. : 510109000050061
REGISTERED LEGAL FORM : SHARES
LIMITED CO.
STAFF STRENGTH : 100
REGISTERED CAPITAL : CNY 13,586,000
BUSINESS LINE :
R&D, ENGINEERING
TURNOVER :
N/A (AS OF DEC. 31, 2010)
EQUITIES :
N/A (AS OF DEC. 31, 2010)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : 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
SC was registered as a Shares limited co. at local Administration for
Industry & Commerce (AIC - The official body of issuing and renewing
business license).
Company Status: Shares
limited co. This form of business in PR
China is defined as a legal person. Its registered capital is divided into
shares of equal par value and the co. raises capital by issuing share
certificates by promotion or by public offer. Shareholders bear limited
liability to the extent of shareholding, and the co. is liable for its
debts only to the extent of its total assets. The co has independent
property of legal person and enjoys property rights of legal person. The characteristics of the shares limited co. are as
follows: The establishment of the co.
requires at least two promoters and no more than 200, half of whom shall be domiciled
in The minimum registered capital
of a co. is CNY The
board of directors must consist of five to nineteen directors. If the co. raises capital by public
offer, the promoters must not subscribe less than 35% of the total shares.
the promoters’ shares are restricted to transfer- within one year of the offer.
A state-owned enterprise that is
restructured into a shares limited co. must comply with the conditions
& requirements specified under the law & administrative rule.
SC’s registered business scope includes technical transfer, technical
development, technical service in the field of biological, chemical,
electronic, environmental protection, and communication; manufacturing complete
sets of equipment; selling chemical products, electronic products,
communication products, biological products; researching and developing in the
filed of pharmaceuticals industry; manufacturing and selling chemical new
materials; importing and exporting commodities and technologies. (with permit
if needed)
SC is mainly engaged in researching &
developing gas products; designing and contracting engineering.
Mr. Wang Yeqin is the legal representative and chairman of
SC at present.
SC is known to
have approx. 100 employees at present.
SC is currently operating at the above stated address, and this address houses its operating office in Chengdu. The detailed premise information is unknown.
http://www.allyinst.com/ The design is professional and the content is
well organized. At present the web site is in Chinese and English versions.
Email: sales@allygas.com
No significant events or changes were found during our checks
with the local Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Gao Jianhua 2.41
Wang Yeqin 54.87
Wang Caiquan 2.47
Other shareholders 40.25
Legal
Representative and Chairman:
Mr. Wang Yeqin 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.
General Manager:
Mr. Zheng Shengyao , with university education. He is currently responsible for the daily management of SC.
Working
Experience(s):
At present Working in SC as general manager.
Supervisors:
Xiong Zhiqiang
Wang Caiquan
SC is mainly engaged in researching &
developing gas products; designing and contracting engineering.
SC’s products mainly include: Hydrogen, Fuel ethanol, etc.
SC sources its materials 60% from domestic market and 40% 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 30-60 days. The payment terms of SC include T/T, L/C, Check and Credit of 30-60 days.
Note:
SC declined to release its major suppliers and clients.
According to http://www.allyinst.com/
Shanghai
Ally Gas-Tech Co., Ltd.
Address:
Room #718-720 Yanqiao Building, Pudian Rd. No. 489, Pudong Shanghai, P.R.C.
Tel:
(86-21) 68752243, 68752224
Fax:
(86-21) 58317594
Post
Code: 200122
E-mail:
sales@allyinst.com
Sichuan
Ally New Chemical Material Co., Ltd.
Address:
Aviation Airport Development Zone, Shuangliu County, Chengdu City, P.R.China
Tel:
(86-28) 85860881
Fax:
(86-28) 85860880
Post
Code: 610207
Nanjing
Huadian-Ally Special Gases CO., Ltd.
Address:
No.1 Huadian Rd., Nanjing City, Jiangsu Province, P.R.China
Tel:
(86-25) 85338143
Fax:
(86-25) 85315686
E-mail:
njhdyl@163.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 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 banking
information of SC is unknown.
SC’s management declined to release any financial information.
Investigations were made with the local AIC, but the financial records
were not available.
SC is considered medium-sized in its line with a development history of 12
years.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.50 |
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UK Pound |
1 |
Rs.85.58 |
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Euro |
1 |
Rs.69.30 |
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.