MIRA
INFORM REPORT
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Report Date : |
26.06.2012 |
IDENTIFICATION DETAILS
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Name : |
YANTAI ZHENGHAI ELECTRONIC MASK CO., LTD. |
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Registered Office : |
No. 21, |
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Country : |
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Date of Incorporation : |
03.02.1993 |
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Com. Reg. No.: |
370000400000968 |
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Legal Form : |
Shares Limited Company |
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Line of Business : |
Manufacturing And Selling Shadow Mask Used For Color Video Tubes And Display Tubes. |
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No. of Employees : |
1,000 |
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
yantai zhenghai electronic mask co., ltd.
no. 21, zhujiang
road, economic & technical development zone
yantai city, shandong province, 264006 PR
CHINA
TEL: 86 (0)
535-6374801 FAX: 86 (0)
535-6374804
EXECUTIVE SUMMARY
INCORPORATION DATE : feb. 3, 1993
REGISTRATION NO. : 370000400000968
REGISTERED LEGAL FORM : Shares limited co.
STAFF STRENGTH :
1,000
REGISTERED CAPITAL : CNY 250,000,000
BUSINESS LINE :
MANUFACTURING
TURNOVER :
n/a
EQUITIES :
n/a
PAYMENT :
AVERAGE
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.3613 = 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 Ren Min Bi
SC was registered as a Shares limited co. at Shandong
Provincial 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 scopes include manufacturing and
selling shadow mask for color video
and display tubes, relevant electronic products; supplying after-sale technical
services.
SC is mainly
engaged in manufacturing and selling shadow
mask used for color video tubes and
display tubes.
Mr. Bi Bohai has been chairman of SC since 1993.
SC is known
to have approx. 1,000 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office and factory in the development zone of Yantai. Our checks
reveal that SC owns the total premise about 95,621 square meters.
http://www.ymc-cn.com
The design is professional and the content is well organized. At present it is
in Chinese version.
Email: hancs@zhenghai.com
SC is the production base of CRT shadow mask designated by the central
government during "the Eighth Five-Year Plan". It's one of "the
10 top New & Hi-Tech enterprises of Shandong Province" with a
province-level R&D center. “Zhenghai” shadow mask was awarded “Famous Brand
Product” in Shandong Province.
SC has passed ISO9001, ISO14001, OHSMS, etc.
Changes
of its registered information:
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Date of change |
Item |
Before the change |
After the change |
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Unknown |
Registration no. |
004008 |
Present one |
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Shareholders |
Yantai Zhenghai Group Co., Ltd. 40.5% Yantai Wanlida Industry Development Co., Ltd.30.0% Other shareholders 29.5% |
Present ones |
MAIN SHAREHOLDERS:
Name %
of Shareholding
Yantai Development Zone State-owned Assets
Operation and Management Corp. 4
Yantai Wanlida Industry Development Corp. 30
Zhenghai Group Co., Ltd. 40.5
(Hong
Kong) China Shandong Investment Limited 25
Other shareholder 0.5
Zhenghai Group Co., Ltd.
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Registration no.: 370635228039704
Legal representative: Bi Bohai
Add: No. 22 Zhujiang Road, Development Zone, Yantai, Shandong Province
Tel: 86-535-6397107
Fax: 86-535-6397100
(Hong Kong) China Shandong Investment
Limited
---------------------------------------------
Registration no.: 0346185
Legal form: private
l
Chairman:
Mr. Bi Bohai is currently
responsible for the overall management of SC.
Working Experience(s):
From 1993 to present Working in SC as chairman.
Also working in Zhenghai Group
Co., Ltd., Yantai Zhenghai Technology Co., Ltd., Yantai Zhenghai Automotive Interior Co., Ltd., etc. as legal
representative, and in Yantai Zhenghai Electronic Mask Co., Ltd. Technology
Development Center as principal.
l
Vice chairman:
Li Shijie
Zhao Fengqi
They are currently responsible for the daily
management of SC.
Working Experience(s):
At present Working in SC as vice chairman.
l
Directors:
Yu Ximao
Zhang Yadong
Qiu Hongsheng
Etc.
l
Supervisors:
Chi Zhiqiang
Zhang Xiaohui
Zheng Hao
Etc.
SC is mainly
engaged in manufacturing and selling shadow
mask used for color video tubes and
display tubes.
SC’s products
mainly include: shadow mask used for color
video tubes and display tubes, etc.
SC
sources its materials 40% from domestic market, and 60% from overseas market,
mainly Japan. 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 refused to release its
supplier and client details.
Yantai
Zhenghai Technology Co., Ltd
Yantai
Zhenghai Automotive Interior Co., Ltd.
Yantai
Zhenghai Electronic Mask Co., Ltd. Technology Development Center
Etc.
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.
Bank of China
AC#：407027215208091001
Relationship:
Normal.
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 large-sized in its line with a long operation history.
Credit up to moderate amount may be considered.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.53 |
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1 |
Rs.88.09 |
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Euro |
1 |
Rs.70.83 |
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.