MIRA
INFORM REPORT
|
Report Date : |
22.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHANGHAI JIAJING MACHINERY CO LTD |
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Registered Office : |
Furong Economy Development Zone, Songjiang Dist, |
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Country : |
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Date of Incorporation : |
18.09.1995 |
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Com. Reg. No.: |
310117001698282 |
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Legal Form : |
Limited Liabilities
Company |
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Line of Business : |
Sales of Packaging Machinery |
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No. of Employees : |
35 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
|
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
SHANGHAI JIAJING MACHINERY CO LTD
Currency in this report is Chinese Yuan
unless otherwise stated.
Exchange Rate: 1 USD=6.36 Chinese Yuan
"--"in this report indicates
"unavailable" due to insufficient information or "no
comments"
Notes:
1.
The name
(Namtong Jiabao Machinery Co. Ltd)
provided in the order belongs to SC’s related factory located in Rugao City,
Jiangsu. According to SC’s staff, SC’s export business is done in the name of
Nantong Jiabao Machinery o Ltd since SC has no import and export permits.
2.
The
Banker information provided in the order is correct.
3.
Due to recent government intervention in the
AIC systems, credit reports in some regions could be impacted for a certain
period. For companies registered in Shanghai, financial information couldn’t be
obtained.
EXECUTIVE
SUMMARY
|
DATE OF establishment |
Sep 18th, 1995 |
|
Aic Registration No. |
310117001698282 |
|
REGISTERED LEGAL FORM |
limited liabilities
company |
|
REGISTERED CAPITAL |
1,000,000.00 |
|
main BUSINESS |
Sales of packaging machinery |
|
employees |
35 |
|
import and export permits |
No |
|
EXCHANGE RATE |
1 Usd=6.36CNY (JUN.21ST, 2012) |
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Registered Address |
Furong Economy Development Zone, Songjiang Dist, Shanghai City. |
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Zip Code |
201609 |
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Business Address |
RM 201, No.1898, Yanggao Middle Rd, Pudong New Dist, Shanghai |
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Zip Code |
200135 |
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Telephone |
86 21 68564488 |
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Mobile |
86 15821279800 |
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Fax |
86 21 58338367 |
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SIC Code (China) |
6379 wholesale of other machinery and electric products |
REGISTRATION
|
Name (Chinese) |
上海佳竞机械有限公司 |
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Name (English) |
SHANGHAI JIAJING MACHINERY CO LTD |
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Date of Establishment |
Sep 18th, 1995 |
|
Registry |
Administration Bureau of Industry and Commerce –
Songjiang (Shanghai) |
|
Legal Representative |
Xu Jun |
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AIC Registration Number |
310117001698282 |
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Registered Legal Form |
LIMITED LIABILITIES COMPANY |
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Registered Capital |
1,000,000.00 |
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Operating Duration |
Sep 18th, 1995 to Sep 17th, 2025 |
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Business Scope |
Wholesale and retail of
general machinery, packaging materials, chemical raw materials, chemical
products, building materials, garments, daily necessities, instruments,
office supplies, hardware, etc; Providing consultancy
service of commercial information. (with license for those needed.) |
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 packaging machines including hydraulic
packaging machines, sealing machines, packing machines, vacuum packaging
machines, winding machines, case sealing machines, etc. Its products are all
sold domestically. SC’s sales business is developed both directly and
indirectly to its end customers. Its clients are mainly domestic textile
enterprises, food enterprises, printing enterprises, etc. The industry of
packaging machines is an industry with fierce competition. There are a lot of
similar enterprises in the local place as SC’s competitors. However, with long
history and stable suppliers, SC has accumulated certain amount of customers
and enjoys certain popularity in the local market. Generally speaking, SC’s
competitiveness is above average in the local industry.
2.
Shanghai City, SC’s location has
the largest foreign trade port and industrial base in China. It is the
economic, technology, industrial, financial, trade, exhibition and shipping
center of China with highly developed economy. As a domestic owned enterprise
dealing with sales of general packaging machinery, SC enjoys no favorable
policy provided by the local government.
SHAREHOLDERS
AND SHARES
N/A
AFFILIATE(S)
|
Name |
NanTong JiaBao Machinery Co., Ltd |
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Relationship with SC |
Related manufacture factories. |
|
Address |
Tianbao Rd, Taoyuan Town
Industrial Zone, Rugao City, Nantong City, Jiangsu Province. |
|
Tel |
86 513 87733567 |
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Area |
11,000.00 Square meters. |
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Equipments |
-- |
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Main business |
SC mainly deals with
manufacture and processing of packaging machinery, hydraulic machinery, etc.
Its products include wastepaper wrapping machines, waster plastics wrapping machines,
scrap metal wrapping machines, sealing machines, packing machines, film
wrapping machines, etc. SC’s products have passed ISO9001: 2008 Quality
System Certification and CE Certification. Its products are widely used by enterprises from papermaking industry,
printing industry, textile industry, household necessities industry, food
industry, etc. Some of SC’s products are sold to Europe, America, Middle
East, Southeast Asia, etc. |
MANAGEMENT
|
Name |
Xu Jun |
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Gender |
Male |
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Title |
Legal Representative |
|
Education |
-- |
|
Working experience |
Over 15 years’ working experience and over 10
years’ management experience. |
NUMBER OF EMPLOYEES
Employees:
35
Management
Staff: 10
Recent
recruitment: Yes
|
Job-hunting websites |
Job title |
Number |
|
http://search.51job.com/list/co,c,2283042,0000,10,1.html |
International trade staff. |
4 |
|
http://search.51job.com/list/co,c,2283042,0000,10,1.html |
Technology support manager |
1 |
|
http://search.51job.com/list/co,c,2283042,0000,10,1.html |
Sales manager. |
4 |
|
http://search.51job.com/list/co,c,2283042,0000,10,1.html |
Domestic sales staff. |
4 |
BANKERS INFORMATION
|
Bank name |
China Everbright Bank |
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Account No. (CNY) |
087626120100305001829 |
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Tel. |
86 21 61641288 |
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Comment |
The bank staff confirmed SC opened an account in
the bank and the above account information is correct. |
OFFICE FACILITIES
|
Geographic Location |
RM 201, No.1898, Yanggao Middle Rd, Pudong New Dist, Shanghai |
|
Area |
200 square meters |
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Environment |
Business District. |
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Traffic condition |
Convenient (surrounded by Gushan Rd, Neihuan Gaojia Rd, Fangdian Rd,
etc) |
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Purpose |
Office. |
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Property Ownership |
Rented |
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Other address |
Wealth International Square, No.43, Guoquan Rd, Shanghai City. (Some sales staff work in this address.) |
WEBSITE
|
Website |
http://www.shjiajing.com/ |
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e-mail |
jiajing@shjiajing.com |
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Operation status |
Operational |
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Copyright |
Copyright reserved by SC. |
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Language |
Chinese and English. |
TRADEMARKS
After checking with the Trademark
Office of Chinese Administration Bureau of Industry and Commerce, no trademarks
of SC were found.
PATENTS
|
Total patents |
7 (only the latest 3 are listed) |
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Application No. |
200720075859.4 |
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Application date |
Nov 22nd, 2007 |
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Patent name |
A kind of switching device. |
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Application No. |
200720075170.1 |
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Application date |
Sep 29th, 2007 |
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Patent name |
A kind of bin gate. |
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Application No. |
200730075897.5 |
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Application date |
2007-05-29 |
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Patent name |
A kind of hydraulic packaging machine. |
MAIN
PRODUCTS & SERVICES
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Main business |
Wholesale of packaging machine. |
|
Products and services |
SC mainly deals with sales of packaging
machinery and hydraulic machinery. Its products include hydraulic wrapping machines,
vacuum packaging machine, shrinkage machines, skin packaging machines,
sealing machines, film wrapping machines, case sealing machines, filling
machines, etc. It also deals with sales of related supporting facilities and
materials including fans, separators, pipelines, packing tapes, etc. SC’s
products are widely used in industries of papermaking, printing, textiles,
daily necessities, food, etc. According to SC’s staff, SC’s products are
mainly provided by its related factory Nantong Jiabao Machinery Co. Ltd. |
|
Picture of specific products |
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Annual production capacity |
-- |
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Plants and equipments |
-- |
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Awards & Honors |
“AAA Creditworthy Enterprise”; “National
Satisfactory Brand”, etc. |
|
Certificates / licenses |
ISO9001-2000 Quality System Certification
(2001). |
SALES
INFORMATION
|
Domestic sales |
100% |
|
Regions |
All
over China |
|
Major domestic clients |
Bright Dairy and
Food Co., Ltd. |
|
Competitors |
HANGZHOU YOUNGSUN
INTELLIGENT EQUIPMENT CO. LTD; SHANGHAI SHENYUE PACKAGING MACHINERY MANUFACTURE
CO. LTD; ZHENGZHOU SPARK PACKAGING MACHINERY CO. LTD; QINGDAO AUSENSE PACKING
EQUIPMENT CO. LTD, etc. |
|
Payment terms |
Prompt payment; on credit |
|
SC’s products are all
sold domestically. Its clients include enterprises of food industry, papermaking
industry, daily necessities industry, etc. With long history, SC has fixed
clients. |
|
|
The above information was
confirmed by SC’s employee. |
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PURCHASE
INFORMATION
|
Main Commodities Purchased |
Hydraulic wrapping machines, packaging
machines, case sealing machines, office supplies, etc. |
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Number of Major Suppliers |
About 5 |
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Region |
Domestic: 100% Import: 0% |
|
Major suppliers |
Nantong Jiabao Machinery Co., Ltd; Dongguan Gaotian
Testing Equipments Co. Ltd, etc. |
|
Main Terms of Payment |
Local: Prompt payment; on
credit |
|
SC’s packaging equipments are mainly
provided by its related factory Nantong Jiabao Machinery Co. Ltd. It has
stable sources of goods. |
|
|
The above information was confirmed by SC’s
employee. |
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CREDIT
|
Name of supplier |
NanTong JiaBao Machinery
Co.,Ltd |
|
Main commodities and service supplied |
Packaging machinery, etc. |
|
Interviewee |
Manager Mao. |
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Telephone of Interviewee |
86 513 87733567 |
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Payment comment |
The investigated person confirmed SC is
their related sales company. They have been cooperating well and use flexible
payment terms. SC’s payment status is good. |
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|
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Name of supplier |
Dongguan Gaotian Testing
Equipment Co. Ltd |
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Main commodities and service supplied |
Testing equipment, etc. |
|
Interviewee |
Miss Peng of Sales Department. |
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Telephone of Interviewee |
86 769 23169942 |
|
Payment comment |
The investigated person confirmed SC is one
of their clients. SC’s payment status is good. |
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 staff Mr.
Yang, SC’s business scale is above average in the local industry. Its annual turnover
of 2011 was about 20 million CNY. SC’s business expanding status is predicated
to be average in 2012
Important Ratios:
|
|
2010 Industry Financial
Indices (2278*) |
|
Return on net
assets (%) |
20.10 |
|
Return on total
assets (%) |
6.81 |
|
Net profit
margin (%) |
4.11 |
|
Turnover of
total assets |
1.68 |
|
Turnover of
current assets |
2.10 |
|
Turnover days of
account receivable |
54.13 |
|
Inventory
turnover days |
33.83 |
|
Asset liability
ratio (%) |
65.46 |
|
Current ratio |
1.30 |
|
Quick ratio |
1.06 |
Analysis of financial
indicator
SC
mainly deals with sales of packaging machinery including wrapping machines,
sealing machines, packing machines, etc and belongs to wholesale
of other machinery and electric products industry. SC’s products can be widely
used in industries of food, textiles, printing, etc. The other machinery and
electric products industry has been developing stably. With long history, SC
has accumulated abundant product sales experience and certain amount of
customers. It has certain competitiveness in the local industry. Shanghai City,
SC’s location is a highly developed city with stable foreign trade platform.
SC’s overall economy environment is good. As a domestic owned enterprise, SC’s
financing capacity needs to be improved.
INDUSTRY
PROFILE
Industry
SIC Code (China): 6379 wholesale of other machinery and electric
products
Description: It refers to
wholesale, import and export activities of metalware, special equipment,
general equipment, electrical machinery, electronic products, transport
equipment, instrument and meter, etc. This industry includes the wholesale of
bearings, gears, valves, compressors, ventilators etc.
Status
Quo & Trend
According to statistics, growth in trading volume was maintained in
2011. The annual import ad export volume of electronic products reached 1129
billion USD (increasing 11.5% y/y) with the export increasing 11.9%. Electronic
product export contributed 21.9% to the national export trading growth.
In Jan. 2012, the import and export volume of
electronic products both decreased due to the influence of high base No. in the
previous year as well as the Chinese New Year holiday factor. However, many
negative factors may make the growth of China’s electronic product export ease
in 2012. Some enterprises with poor competitiveness may even be forced out of
the market. Moreover, under the environment of poor international demand and
fierce competition, China became the major victim of trade protectionism. In
2012, the trade confliction faced by Chinese electronic manufacturers would be
more complicated.
Industry Associations
|
Name of association |
Membership of subject (Yes/No) |
|
China Packaging Joint Association |
No |
|
International Food packaging Association |
No |
|
Shanghai Packaging Technology Association |
No |
GENERAL
COMMENTS
Established in September, 1995, SC mainly deals with sales
of wrapping machines, sealing machines, packaging machines, etc. SC has no
import and export permits and its products are all sold domestically. SC’s
clients are mainly enterprises from industries of food, printing, papermaking,
daily necessities, etc. With long history, it has accumulated abundant sales
experience and has stable customers. SC’s products are mainly manufactured by
its related factory Nantong Jiabao Machinery Co. Ltd and it has stable sources
of goods.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
|
1 |
Rs.88.45 |
|
Euro |
1 |
Rs.71.52 |
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 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.