MIRA
INFORM REPORT
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Report Date : |
21.06.2012 |
IDENTIFICATION DETAILS
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Name : |
YSC ELECTRONICS CO., LTD. |
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Registered Office : |
No. 8, Xinyuan Road, Xinwu Field, Pingxicun Road, Pingdi Town, Longgang District, Shenzhen, Guangdong Province, 518117 Pr |
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Country : |
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Date of Incorporation : |
05.08.2008 |
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Com. Reg. No.: |
440307503321986 |
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Legal Form : |
Wholly Foreign-Owned Enterprise |
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Line of Business : |
Manufacturing and selling electronic connector and wiring harness. |
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No. of Employees : |
300 |
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 and address
YSC Electronics Co., Ltd.
No. 8, XinYuan
Road, XinWu Field, Pingxicun road, PingDi Town, longgang district, SHENZHEN,
GUANGDONG PROVINCE, 518117 PR CHINA
TEL: 86 (0)
755-89949083 FAX: 86 (0)
755-89949808
EXECUTIVE SUMMARY
INCORPORATION DATE : aug. 5, 2008
REGISTRATION NO. : 440307503321986
REGISTERED LEGAL FORM : WHOLLY FOREIGN-OWNED
enterprise
STAFF STRENGTH :
300
REGISTERED CAPITAL : hkd 5,000,000
BUSINESS LINE :
MANUFACTURING
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
6.36 = 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 wholly foreign-owned enterprise at local
Administration for industry & commerce (AIC - the official body of issuing and
renewing business license) on Aug. 5, 2008.
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 manufacturing and selling electronic connector, linked switch,
computer peripheral equipment, plastic hardware, electric parts, wire and
cable.
SC is mainly
engaged in manufacturing and selling electronic connector and wiring harness.
Mr.
Yao Jun has been the legal
representative, chairman and general manager of SC since 2008.
SC is known to have approx. 300 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. The detailed
information of the premise is unspecified.
http://www.ysc.com.sg
The website belongs to Singapore YSC, and it includes the information on SC and
its related companies. The design is professional and the content is well
organized. At present it is in both Chinese and English versions.
Email: enquiry@ysc.com.sg
No significant events or changes were found during our checks with the local
Administration for Industry and Commerce.
SC’s quality system meets the international standards of ISO 9001.
MAIN SHAREHOLDERS:
Name %
of Shareholding
YSC Electronics (Hong Kong) Company Limited 100
CR No.: 0861766
Date of Incorporation:
17-Sep.-2003
Company Status: Private
Active Status: Live
Add: Room 1504,
15/F, Beverley Commercial Centre, 87-105 Chatham Road South, Tsimshatsui,
Kowloon, Hong Kong.
l
Legal representative, Chairman and General manager:
Mr. Yao Jun is currently
responsible for the overall management of SC.
Working Experience(s):
From 2008 to present Working
in SC as legal representative, chairman and general manager.
SC is mainly
engaged in manufacturing and selling electronic connector and wiring harness.
SC’s products
mainly include: electronic connector and wiring harness, etc.
SC sources its materials 80% from domestic
market, and 20% 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 Check, T/T, L/C and Credit of 30-60 days.
Note: SC’s management declined to release its customer and supplier
details.
Singapore (Sales Office)
YSC Electronics (S) Pte Ltd
Add: 621 Aljunied Road, #03-02, LIPO Building, Singapore 389834.
Phone: (65) 6749 7983
Fax: (65) 6479 7982
Taiwan (Shining)
YSC Electronics Co., Ltd
Add:
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 bank details.
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
medium-sized in its line with a development history of 4 years.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.86 |
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1 |
Rs.87.93 |
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Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.