|
Report Date : |
27.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ZOOMLION INTERNATIONAL TRADING (H.K.) CO. LTD. |
|
|
|
|
Registered Office : |
C/o Two Birds Secretarial Services ( Room 406-409, 4/F., |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
28.05.2008 |
|
|
|
|
Com. Reg. No.: |
39495456 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer and Exporter of all kinds of machinery and equipment for building and construction |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s 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 |
ZOOMLION INTERNATIONAL
TRADING (H.K.) CO.
LTD.
Address: c/o Two Birds
Secretarial Services (
Room
406-409, 4/F.,
1 Queen’s
Road East,
[Your enquiry given as:
ZOOMILLION INTERNATIONAL TRADING
(HK) COMPANY LIMITED
of the same address.]
PHONE: 2248 6000
FAX: 2248 6011
E-MAIL: zl.hk@hotmail.com
Chairman & Chief Executive Officer:
Dr. Zhan Chunxin
Incorporated on: 28th May, 2008.
Organization: Private
Limited Company.
Capital: Nominal: HK$800,000,000.00
Issued: HK$31,200,000.01
Business Category: Importer and Exporter.
Group Turnover: RMB46,323
million Yuan (Year ended 31-12-2011)
Employees:
Nil. (
Main Dealing Banker: Bank of
Banking Relation: Satisfactory.
Registered Office:-
c/o Two Birds Secretarial Services (
Room 406-409, 4/F.,
Holding Company:-
Zoomlion H.K. Holding Co. Ltd.,
Ultimate Holding Company:-
Changsha Zoomlion Heavy Industry Science & Technology Development
Co. Ltd.,
Associated/Affiliated Companies:-
Zoomlion Group of Companies
Changsha Zhongchen Construction Steel Product Project Co. Ltd.,
CIFA (
CIFA
CIFAWW,
Guangdong Zoomlion South Construction Machinery Co. Ltd.,
Hunan Zhonghao Project Supervision Consultant Co. Ltd.,
Hunan Zoomlion International Trade Co. Ltd.,
Zoomlion Australia-New Zealand Pty. Ltd.,
Zoomlion Capital (H.K.) Co. Ltd., Hong Kong.
Zoomlion CIFA (
Zoomlion Finance & Leasing (
Zoomlion Finance & Leasing (
Zoomlion Finance & Leasing (
Zoomlion Finance & Leasing (
Zoomlion Finance & Leasing (
Zoomlion Gulf FZE, UAE.
Zoomlion Heavy Industry (HK) Co. Ltd., Hong Kong.
Zoomlion Leasing (
Zoomlion Overseas Investment Management (H.K.) Co. Ltd., Hong Kong.
Zoomlion Powermate Ltd.,
Zoomlion Powermole Ltd.,
Zoomlion Ru Co. Ltd.,
ZoomlionCifa (Hong Kong) Holdings Ltd.,
etc.
39495456
1242105
Chairman & Chief Executive Officer:
Dr. Zhan Chunxin
Nominal Share Capital: HK$800,000,000.00 (Divided
into 80,000,000,000 shares of HK$0.01 each)
Issued Share Capital: HK$31,200,000.01
(As per registry dated 28-05-2012)
|
Name |
|
No. of shares |
|
Zoomlion H.K. Holding Co. Ltd., |
|
3,120,000,001 ========== |
(As per registry dated 28-05-2012)
|
Name (Nationality) |
Address |
|
ZHAN Chunxin |
No. 109, Chenzhan Beilu, Furong District, |
(As per registry dated 28-05-2012)
|
Name |
Address |
|
|
Two Birds Secretarial Services ( |
|
0785980 |
The subject was incorporated on 28th May, 2008 as a private limited liability
company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer
and Exporter.
Lines: All
kinds of machinery and equipment for building and construction.
Employees: Nil. (
20,000. (
Materials/Commodities: Imports raw
materials from European countries, some Asian countries and finished products
from
Markets:
Group Turnover: RMB 8,973 million Yuan (Year ended 31-12-2007)
RMB13,548 million
Yuan (Year ended 31-12-2008)
RMB20,762 million
Yuan (Year ended 31-12-2009)
RMB32,193 million
Yuan (Year ended 31-12-2010)
RMB46,323 million
Yuan (Year ended 31-12-2011)
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: As
per contracted.
Nominal Share Capital: HK$800,000,000.00 (Divided into 80,000,000,000
shares of HK$0.01 each)
Issued Share Capital: HK$31,200,000.01
Mortgage or Charge:
Date of Trade
Finance Security Assignment: 28-05-2011
Amount: All obligations and liabilities
Property: The Borrower as
beneficial owner and as continuing security for the payment of all Secured
Liabilities
Mortgagee: China Merchants Bank Co. Ltd.,
Hong Kong Branch.
Group Profit Attributable to Equity
Holders:-
RMB1,439 million
Yuan (Year ended 31-12-2007)
RMB1,544 million
Yuan (Year ended 31-12-2008)
RMB2,447 million
Yuan (Year ended 31-12-2009)
RMB4,666 million
Yuan (Year ended 31-12-2010)
RMB8,066 million
Yuan (Year ended 31-12-2011)
Profit & Loss: Group business is profitable.
Condition: Business
is not active in
Facilities: Adequate
for current running.
Payment:
Met as
required.
Commercial Morality: Satisfactory.
Bankers:-
Bank of
Standard Chartered Bank (Hong Kong)
Ltd.,
China Construction Bank (Asia) Corporation
Ltd., Hong Kong.
China Merchants Bank Co. Ltd.,
Hong Kong Branch.
Standing:
Small.
Zoomlion International Trading (H.K.) Co., Ltd. is a wholly-owned
subsidiary of Zoomlion H.K. Holding Co. Ltd. [ZHKH] which is a
Hong Kong-registered firm located at the same registered address. The subject’s ultimate holding company is
Changsha Zoomlion Heavy Industry Science & Technology Development Co. Ltd.
[Zoomlion], a China-based firm.
The subject’s registered office is in a commercial service firm located
at Room 406-409, 4/F., Three Pacific Place, 1 Queen’s Road East, Hong Kong
known as Two Birds Secretarial Services (Hong Kong) Ltd. which is handling its
correspondences and documents. This firm
is also the corporate secretary of the subject.
The Managing Director of the subject Dr. Zhan Chunxin is also the legal
representative of Zoomlion. He is a
China businessman holding a China passport.
Currently, Zhan is residing in Changsha City, Hunan Province, China.
The subject is an associated company of Hunan Zoomlion International
Trade Co. Ltd. [ZITC] which is a wholly-owned subsidiary of Zoomlion. The head office of Zoomlion is located in
Zoomlion Science Park, 361 Yinpen South Road, Changsha, Hunan Province, China.
ZITC is engaged in exporting business.
It has set up a marketing department, business supporting department,
integration department, financial department, importing department and
administration department. It has about
85 employees, among which 15 have studied abroad and over 80% employees are
graduated from universities. ZITC is
importing all needed components of Zoomlion and exporting of all Zoomlion’s
products. Currently, its business has
expanded to all around the world, and has set up a branch in Persian Gulf.
Founded in 1992, Zoomlion is a listed firm in Shenzhen Special Economic
Zone bearing stock code 000157. It was
listed on 12th October, 2000. Zoomlion
is a hi-tech public company having nearly 20,000 employees. Zoomlion is recommended as a “model of the
listed companies operated under modern enterprise system” by the China
Securities Regulatory Commission and State Economic and Trade Commission.
At present, with production bases located in Hunan, Shanghai, Shaanxi,
Guangdong of China as well as Milan of Italy, Zoomlion has nine factories with
a total area of nearly 3,000,000 sq.m.
Zoomlion has got international management systems of technical
development, manufacturing processes and logistics, as well as strong sales
network and perfect service system covering the whole domestic market and the
overseas market. Zoomlion has got ISO
9001, environment ISO 14001 and occupational health and safety OHSAS 18001
certifications. It also has got the
German TÜV Rheinland authentication.
Zoomlion has recorded average annual growth rate of over 65% since its
establishment. It has 13 product series with intellectual property rights and over
640 leading products. The number of product types of Zoomlion exceeds that of
the internationally-renowned enterprises.
Zoomlion’s products are in conformity with the standards of EU and have
got the GOST certification and Korean Safety certification.
Since its establishment, Zoomlion has an annual growth rate at 60%. Moreover, Zoomlion is the construction
machinery business which has the world’s most complete product chain, with
completely independent intellectual property rights of concrete machinery,
mobile cranes machinery, environmental and sanitation machinery, construction
hoisting machinery, road machinery, earth working machinery, port machinery,
special vehicles and so on; totally with 13 categories, 28 series, and more
than 450 varieties of products. After
the acquisition of Italy CIFA in 2008, Zoomlion ranks first in the world market
share of concrete machinery. The annual
production of mobile cranes are over 5,000 units; annual production of tower
cranes are over 2,000 units; environmental and sanitation machinery are over
3,000 units. Recently, the main products
are among the best of market share in China, and have entered the global market
such as Europe, North America, the Middle East, South Asia, Southeast Asia,
Australia, Africa, etc.
Now, the trademark of “ZOOMLION” has become well known in China.
For the year ended 31st December, 2011, the sales of the Zoomlion Group
amounted to RMB46,323 million Yuan, grew by 43.9% as compared with that of
RMB32,193 million Yuan in FY 2010. Group
profit attributable to equity holders was RMB8,066 million Yuan, grew by 72.9%
as compared with RMB4,666 million Yuan in FY 2010.
2012 will be a year of opportunities and challenges. In relation to the domestic market, the rapid
urbanization of China and its emphasis on projects in progress and extension
projects will continue to boost the market demand for construction
machineries. The overall scale of the
market will further expand, but the growth will be slowed down. The global market is under the influence of
the European debt crisis and the dampened global economic recovery. The global economy will continue to grow at a
slower pace and the demand for construction machinery is not likely to be
recovered in short-term.
Under such circumstances, the global construction machinery industry
will face fierce competition, and the market layout will undergo significant
changes. The Group will seize the
opportunities and continue to develop amid the changes of the market layout.
The subject is fully supported by the Zoomlion Group.
On the whole, consider it good for normal business engagements in small
credit amounts.
Brief profile of
director:-
Dr. Zhan Chunxin was born in 1955, the member of CPC, Doctor degree,
researcher, representative of 16th and 17th CPC, representative of
10th National People’s Meeting, State Council special allowance honoree,
National Advanced Worker.
Dr. Zhan Chunxin was vice director, vice president and vice chairman of
CCP of Changsha Construction Machinery Institution of Construction Ministry;
chairman of CCP and chairman of Changsha Construction Machinery Institution of
Construction Ministry; board chairman of 1st and 2nd board members of Zoomlion.
In 1992, he founded Zoomlion. He
was awarded excellent leader of Construction Ministry; young and middle-aged
science, technology, management expert with outstanding achievement of
Construction Ministry; honoured as Top Ten noticeable Entrepreneurs in China;
advanced enterpriser in China’s Machinery Industry; 10 News People in Chinese
Enterprise; National Advanced Enterprise Founder; National Machinery Industry
Star Enterpriser. He is vice chairmen of
Chinese Engineering Construction Association; board chairman of Zoomlion
Powermole (UK) Co. Ltd.; board chairman of Hunan Teli Hydraulic Co. Ltd.; board
chairman of Changsha Zhongchen Construction Steel Product Project Co. Ltd.;
board chairman of Changsha Hi-Tech Industry Development Area Zhongwang Co.
Ltd.; board chairman of Zoomlion H.K. Holding Co. Ltd.; board chairman of
Zoomlion Overseas Investment Management (H.K.) Co. Ltd.; board chairman of the
subject; and board chairman of Zoomlion Capital (H.K.) Co. Ltd.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.07 |
|
|
1 |
Rs.88.96 |
|
Euro |
1 |
Rs.71.40 |
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.