MIRA
INFORM REPORT
|
Report Date : |
14.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHENZHEN MASS-LAMINATE
CIRCUIT SCIENCE AND TECHNOLOGY INDUSTRY DEVELOPMENT CO., LTD. |
|
|
|
|
Formerly Known As : |
|
|
|
|
|
Registered Office : |
BUILDING 2, Xue Zi
Wei Industrial Zone, DEC. 30, 2003 440301503262543 CHINESE-FOREIGN EQUITY JOINT VENTURE 550 manufacturing and selling circuit board |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
|
|
|
|
|
Date of Incorporation : |
|
|
|
|
|
Com. Reg. No.: |
|
|
|
|
|
Legal Form : |
|
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
|
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
SHENZHEN
MASS-LAMINATE CIRCUIT SCIENCE AND TECHNOLOGY INDUSTRY DEVELOPMENT CO., LTD.
BUILDING 2, Xue Zi
Wei Industrial Zone,
TEL: 86 (0) 755-29695638/29695699 FAX: 86 (0) 755-29697928
EXECUTIVE SUMMARY
INCORPORATION DATE : DEC. 30, 2003
REGISTRATION NO. : 440301503262543
REGISTERED LEGAL FORM : CHINESE-FOREIGN
EQUITY JOINT VENTURE
STAFF STRENGTH :
550
REGISTERED CAPITAL : HKD 50,000,000
BUSINESS LINE :
MANUFACTURING
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
CNY 6.3704 = USD 1 AS OF
CREDIT RATING : CA3- (see below explanatory notes)
|
RATING KEY |
CREDIT RISK ASSESSMENT |
PROPOSED CREDIT LIMIT (in concerned business field) |
|
|
CA1 |
Minimal |
Credit can proceed with favorable terms |
Large amount |
|
CA2 |
Low |
Credit can proceed promptly |
Fairly large amount |
|
CA3 |
Average |
Credit can proceed normally |
Moderate amount |
|
CA4 |
Above average |
Credit should proceed with monitor |
Small amount periodical review |
|
CA5 |
Fairly High |
Credit should be extended under guarantee |
C.O.D. To small amount |
|
CA6 |
High |
Credit is not recommended |
C.O.D. |
|
NR |
Assessment not conducted |
Insufficient data available |
No recommendation |
This rating serves as a reference to assess SCs 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 %) in our credit
analysis are as follows:
Financial
condition (40%) Ownership
background (10%) Payment
record (10%)
Credit history
(15%) Market
trend (10%) Operational
size (15%)
In case of unlimited companies, newly established companies, or lack of
financial data, more weight is given to Ownership background and Payment
record in our analysis.
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 wholly foreign-owned enterprise at local Administration for Industry &
Commerce (AIC - The official body of issuing and renewing business license) on
Dec. 30, 2003, and has been under the present legal form since Sep. 1, 2009.
Company Status: Chinese-foreign
equity joint venture enterprise
This form of business in PR China is defined as a legal
person. It is a limited co. jointly invested by one or more foreign
companies and one or more PR China controlled companies within the
territories of PR China according to a certain proportion of capital
investment. The investing parties exercise business management, share
profits and bear all risks and liabilities of the co. together. The equity
joint venture law requires that foreign party contribute not less than 25%
of the registered capital, with no maximum. The investing parties are free
to agree on method of profit distribution and liabilities bearing according
to the proportion of capital investment. Each investing parties contributes
funds, tangible assets, technology & etc. The board of directors
excises the high authority. The joint venture usually has a limited
duration of 10 to 50 years. Enterprise with large investment, long
construction periods, low investment returns, introducing of advanced
technology & advanced technology products that have good competition
position in international market may extend beyond the 50 years limit.
SCs registered business
scope includes manufacturing flexible circuit board, hard board and general
cargo; pressing the CCL and PCB drilling business; wholesaling circuit boards,
copper clad laminate and prepregs, importing and exporting, related business
(if the trade of the goods is governed by the quota or special rule, relevant
regulations shall be followed). (该公司的法定经营范围包括：生产经营柔性线路板、硬质线路板及普通货运；压合覆铜板和线路板钻孔业务；从事电路板、覆铜板、半固化片的批发、进出口及相关配套业务（不涉及国营贸易管理商品，涉及配额、许可证管理及其它专项规定管理的商品，按国家有关规定办理申请）。)
SC is mainly
engaged in manufacturing and selling circuit board. (该公司目前主要从事线路板的生产、销售。)
Mr. Luo Lin (罗林) has been legal
representative and chairman of SC since 2003.
SC is known
to have approx. 550 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 Shenzhen. Our checks
reveal that SC rents the total premise, but the gross area of the premise is
unspecific.
http://www.mslpcb.com The design is professional and the content
is well organized. At present it is in Chinese, English and Japanese versions.
E-mail: sz-msldl@vip.163.com
Changes
of its registered information are as follows:
|
Date of change |
Item |
Before the change |
After the change |
|
|
Registered capital |
HKD 10,000,000 |
HKD 20,000,000 |
|
|
Registered capital |
HKD 20,000,000 |
HKD 30,000,000 |
|
|
Registered capital |
HKD 30,000,000 |
HKD 50,000,000 |
|
|
Registration no. |
312163 |
Present one |
|
|
Shareholders and shareholding |
Hong Kong Linde Electronics Company Limited
100% 香港林德电子有限公司 |
Hong Kong Linde Electronics Company Limited
49% 香港林德电子有限公司 Shenzhen Chengju Investment Co., Ltd. 51% 深圳市诚聚投资有限公司 |
|
Legal form |
Wholly Foreign-Owned |
Present one |
MAIN SHAREHOLDERS:
Name %
of Shareholding
香港林德电子有限公司
Shenzhen Chengju Investment Co., Ltd. 51
深圳市诚聚投资有限公司
Shenzhen Chengju
Investment Co., Ltd.
深圳市诚聚投资有限公司
============================
Registration no.: 440306103843435
Registered capital: CNY 10,000,000
Legal rep.: Huang Zugang 黄祖刚
Legal form: Limited liabilities co.
Add: B601, 6/F,
广东省深圳市宝安区沙井街道新和路衙边学子围工业区宝诚丰大厦6层B601
l
Legal Representative, Chairman and
General Manager:
Mr. Luo Lin (罗林) is currently responsible for the overall
management of SC.
Working
Experience(s):
From 2003
to present Working in SC as legal representative and
chairman;
From 2009
to present Working in SC as general
manager
Also
working in Shenzhen Chengju Investment
Co., Ltd. as general manager.
l
Vice Chairman:
Mr. Li Hongde (李洪德) is currently responsible for the daily
management of SC.
Working
Experience(s):
At
present Working in SC as vice chairman.
l
Director:
Huang
Zugang 黄祖刚
l
Supervisors:
Liu
Minglan 刘铭兰
Huang
Aimin 黄爱民
He Wei 和伟
SC is mainly engaged
in manufacturing and selling circuit board. (该公司目前主要从事线路板的生产、销售。)
SCs products
mainly include: ultra-thin multilayer.
SC sources its materials 100% from domestic
markets. SC sells 40% of its products in domestic markets, and 60% to overseas
markets.
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: SCs management declined to release its main clients and
suppliers.
SC is not known to have any subsidiary at present.
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.
At local AIC, the bank information of SC is not available.
SCs financial reports
were not found during our checks with the local Administration for Industry and
Commerce.
SCs management declined to release any financial information.
SC is considered medium-sized in its line with a development history of
9 years. Credit up to moderate amount may be considered.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.85 |
|
|
1 |
Rs.86.88 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.