MIRA
INFORM REPORT
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Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
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Name : |
BEIJING SUNTECH TECHNOLOGY CO LTD |
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Registered Office : |
RM 320, Building 1, Jianwai Nanlang Jiayuan, Chaoyang Dist, Beijing City., Zip Code 100022 |
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Country : |
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Date of Incorporation : |
12.06.2009 |
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Com. Reg. No.: |
110105012000559 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
wholesale of salt and seasonings |
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No. of Employees : |
15 |
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
BEIJING
SUNTECH TECHNOLOGY CO LTD
Currency in this report is
Chinese Yuan unless otherwise stated.
Exchange Rate: 1 USD=6.37 Chinese Yuan
"--"in this report indicates "unavailable" due to insufficient information or "no comments"
ORDER
INFORMATION
|
name |
Beijing Suntech Technology Co Ltd. |
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address |
320 Dabei Building Jianwai Streetbeijing Chaoyang Districtpost 100022 |
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tel. |
86 1391 1825 720 |
Note:
Due to the recent intervention of government in the
AIC systems, reports of companies in some regions could be impacted for a certain
period. For companies registered in Beijing, financial information couldn’t be
obtained.
EXECUTIVE
SUMMARY
|
DATE OF establishment |
June 12th, 2009 |
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Aic Registration No. |
110105012000559 |
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REGISTERED LEGAL FORM |
limited liabilities
company |
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REGISTERED CAPITAL |
500,000.00 |
|
main BUSINESS |
Wholesale of condiment. |
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employees |
15 |
|
import and export permits |
yes |
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EXCHANGE RATE |
1 Usd=6.37CNY |
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Registered Address |
RM 320, Building 1, Jianwai Nanlang Jiayuan, Chaoyang Dist, Beijing
City. |
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Zip Code |
100022 |
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Business Address |
RM 320, Building 1, Jianwai Nanlang Jiayuan, Chaoyang Dist, Beijing
City. |
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Zip Code |
100022 |
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Telephone |
86 10 65664510 |
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Mobile |
86 13911825720 |
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Fax |
86 10 65664508 |
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SIC Code (China) |
6325 wholesale of salt and seasonings |
REGISTRATION
|
Name (Chinese) |
北京三泰天鸿科技有限公司 |
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Name (English) |
BEIJING SUNTECH TECHNOLOGY CO LTD |
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Date of Establishment |
June 12th, 2009 |
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Registry |
Administration Bureau of Industry and Commerce –
Chaoyang Dist (Beijing) |
|
Legal Representative |
Zhai Wanyan (翟万艳) |
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AIC Registration Number |
110105012000559 |
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Registered Legal Form |
LIMITED LIABILITIES COMPANY |
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Registered Capital |
500,000.00 |
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Operating Duration |
June 12th, 2009 to June 11th, 2029 |
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Business Scope |
Technology promotion
service; Import and export of goods; Sales of mineral products, mechanical
equipments, electronic products, garments, textiles, daily necessities,
chemical products, stationery products, hardware, metal materials, etc. |
Limited
liabilities co.
This form
of business in PR China is defined as a legal person. Its registered capital is
contributed jointly by at least two shareholders and no more than fifty.
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 listed as follows:
-manufacturing
co. : RMB 500,000.00
-trading
&wholesaling co. : RMB 500,000.00
-retailing
co. : RMB 300,000.00
-consultancy
& service co. : RMB 100,000.00
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 50% of the registered
capital while contribution by intangible assets must not exceed 20% 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.
REGISTRATION
INFO: AVAILABLE
FINANCIAL
REPORTS: AVAILABLE
FIELD
INVESTIGATION
1. SC’s
business income comes mainly from seasonings including condiment, beaten
pepper, hot pepper, etc. Its products are sold both domestically and
internationally. SC’s sales business is developed both directly and indirectly
to its end customers. Its clients include food factories, wholesalers,
restaurants, hotels, etc. The industry of seasonings is an industry with fierce
competition. There are a lot of similar enterprises in the local place as SC’s
competitors. In addition, SC’s popularity and customers are limited in domestic
and international market due to its short history. Generally speaking, SC’s
competitiveness is below average in the local industry.
2. As the
capital city of China and the national political and economic center, Beijing
City host very convenient traffic condition. The headquarters of many
large-sized and multi-national enterprises are established in Beijing due to
its leading political and economic position. Fast growing economy environment
provides supports to subject's business development.
SHAREHOLDERS
AND SHARES
As indicated in the following table:
|
Shareholder |
Capital
Subscribed |
Percentage |
|
Zhai Wanyan |
300,000.00 |
60% |
|
Guan Wei |
200,000.00 |
40% |
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Total |
500,000.00 |
100% |
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Shareholder |
Way
of Investment |
Paid-up
Percentage |
|
Zhai Wanyan |
Capital
|
100% |
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Guan Wei |
Capital
|
100% |
Background of major shareholder
|
Name |
Zhai Wanyan |
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Gender |
Female |
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Date of birth |
April 24th, 1971 |
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Name |
Guan Wei |
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Gender |
Male |
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Date of birth |
Sep 25th, 1967 |
AFFILIATE(S)
No affiliates of subject company is found after checking.
MANAGEMENT
|
Name |
Zhai Wanyan |
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Gender |
Female |
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Title |
Legal Representative |
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Date of birth |
April 24th, 1971 |
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Education |
-- |
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Working experience |
Over 5 years’ working experience and over 5
years’ management experience. |
NUMBER OF EMPLOYEES
· Employees: 15
Management
Staff: 5
Recent
recruitment: No
BANKERS INFORMATION
|
Bank name |
Bank of China |
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Account No. (CNY) |
-- |
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Tel. |
-- |
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Comment |
SC’s staff said it opened an account in Bank of
China, but refused to disclose the branch bank information. |
OFFICE FACILITIES
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Geographic Location |
RM 320, Building 1, Jianwai Nanlang Jiayuan, Chaoyang Dist, Beijing
City. |
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Area |
150 square meters |
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Environment |
Office building. |
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Traffic condition |
Convenient (surrounded by Jianguo Rd, Sanhuan Rd, Jingtie Lane 1,
Jingtie Lane 10, etc.) |
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Purpose |
Office. |
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Property Ownership |
Rented |
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Other address |
-- |
WEBSITE
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Website |
http://beijingsuntech.en.alibaba.com/ |
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E-mail |
-- |
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Operation status |
Operational |
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Copyright |
Copyright reserved by B2B website. |
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Language |
English. |
TRADEMARKS/PATENTS
After checking with the Trademark Office of Chinese
Administration Bureau of Industry and Commerce and the State Intellectual
Office, no trademarks or patents of SC were found.
MAIN
PRODUCTS & SERVICES
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Main business |
Wholesale of seasonings |
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Products and services |
SC mainly deals with wholesale of
seasonings. Its products include seasoning & flavoring, decrustation
sesame, sesame, clove, cumin powder, cashew, nut, beaten pepper, dried chilli,
chopped garlic, green bean, dehydrated ginger, ginger slice, etc. SC’s
products are mainly sold to food factories, wholesalers, etc. |
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Picture of specific products |
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Annual production capacity |
-- |
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Plants and equipments |
-- |
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Awards & Honors |
-- |
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Certificates / licenses |
-- |
SALES
INFORMATION
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Domestic sales |
20% |
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Regions |
All
over China |
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Major domestic clients |
Domestic
restaurants, hotels, etc. |
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Competitors |
XIAMEN SHUZHONGBAO SEASONINGS
CO. LTD; SICHUAN QINGXIANGYUAN FLAVORING CO. LTD; |
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Payment terms |
Prompt payment; on credit |
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Export |
80% |
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Regions |
North
America, South America, Japan, Europe, etc. |
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Major overseas clients |
-- |
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Payment terms |
L/C, T/T |
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SC’s products are sold
both domestically and internationally. Its clients are mainly domestic and
international food processing factories, hotels, restaurants, etc. With short
history, SC’s sales network needs to be further developed. |
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The above information was
confirmed by SC’s employee |
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PURCHASE
INFORMATION
|
Main Commodities Purchased |
Chilli, beaten pepper, condiment, office
suppliers, etc. |
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Number of Major Suppliers |
About 5 |
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Region 采购地区 |
Domestic:80 % Import: 20% |
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Major suppliers |
Mexicana De
Viveres Msv, S.a. De C; 51 Job Network Information Technology (Beijing) Co.
Ltd, etc. |
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Main Terms of Payment |
Local: Prompt payment; on
credit Import: L/C, T/T |
|
SC’s seasonings are purchased both
domestically and internationally. It has fixedly cooperated factory in
Tianjin City which manufactures chilli, etc for it. However, name of the
factory is refused to disclose by the staff. |
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The above information was confirmed by SC’s
employee |
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CREDIT
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Name of supplier |
51
Job Network Information Technology (Beijing) Co. Ltd |
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Main commodities and service supplied |
Recruitment service. |
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Interviewee |
Business staff. |
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Telephone of Interviewee |
86 10 58273388 |
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Payment comment |
The investigated person confirmed SC once
used their recruitment service, but was not clear about its payment status. |
LITIGATION
RECORDS
After checking
with China Court organization, the local court website and other major
searching websites, no litigation record related to SC in the latest three
years is found.
OTHER
ADVERSE MEDIA INFORMATION
N/A
FINANCE
According to SC’s manager Mr. Zhuo, SC’s business scale is small due to its short history, Its turnover of 2011 was about 10,000,000.00 CNY.
Important Ratios:
|
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2010 Industry Financial
Indices (47*) |
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Return on net
assets (%) |
-3.19 |
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Return on total
assets (%) |
-1.12 |
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Net profit
margin (%) |
-2.99 |
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Turnover of
total assets |
0.37 |
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Turnover of
current assets |
0.50 |
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Turnover days of
account receivable |
17.36 |
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Inventory
turnover days |
24.99 |
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Asset liability
ratio (%) |
68.21 |
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Current ratio |
3.49 |
|
Quick ratio |
1.01 |
Analysis of financial indicator
SC
mainly deals with sales of seasonings including chilli, pepper powder, etc and belongs
to salt and seasonings industry. The products of salt and seasonings industry
is people’s daily necessities and have great market space. The prospect of salt
and seasonings industry is bright. Established in 2009, SC has little industry
experience and has only accumulated small amount of customers. Its
competitiveness in the local industry is weak. Beijing City, SC’s location is a
highly developed city which can provide SC with great economy environment. With
short history and individual shareholders, SC’s financing capacity and risk
resisting capacity are relatively weak.
INDUSTRY
PROFILE
Industry
SIC Code (China): 6325 wholesale of salt and
seasonings
Description:
wholesale, import and export of food additives including monosodium glutamate,
edible vinegar, soy sauce and edible salt
Status Quo & Trend
The world’s annual turnover
of seasonings industry occupies about 10% of
the turnover of food industry. In 2010, the total production value of
food industry in China was 6,310 billion CNY among which seasonings industry accounted for only 2.4%. The
seasonings industry is predicated to have great market space in the future.
Seasonings industry is
lacking in strong nationwide brands. Many brands can only cover markets of
their own regions. As many large foreign enterprises entered China’s seasonings
industry in recent years, many domestic seasoning brand enterprises have to
expand sales regions and shape brand image to attract more consumers. From 2001
to 2010, the turnover of seasoning industry in China increased from 27.723
billion CNY to 151.622 billion CNY, with annual growth rate reaching 50%.
According
to the IODINE CONTENT OF EDIBLE SALT (issued
in September, 2011 by National Ministry of Health), iodine enhancer should be
put in edible salt which will make the iodine content in edible salt reach
20mg/kg to 30mg/kg.
Industry Associations
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Name of association |
Membership of subject (Yes/No) |
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China Condiment Industrial Association |
No |
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Sichuan Condiment Association |
No |
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Jiangxi Condiment Association |
No |
GENERAL
COMMENTS
Established in June
2009, SC is engaged in sales of seasonings including chilli, pepper powder,
ginger slice, etc. Its clients are mainly domestic and international food
processing factories, hotels, wholesalers, etc. With short history, SC’s
industry experience and sales experience are limited. Its sales network needs
to be further developed. With individual shareholders, SC’s financing capacity
and risk resisting capacity are relatively weak.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.05 |
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UK Pound |
1 |
Rs.86.69 |
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Euro |
1 |
Rs.69.98 |
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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.