MIRA
INFORM REPORT
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Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
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Name : |
SHUOYING INDUSTRIAL (SHENZHEN) CO., LTD |
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Registered Office : |
Building 2, |
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Country : |
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Date of Incorporation : |
01.11. 2001 |
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Com. Reg. No.: |
Qi Du Yue Shen Zong Zi 308382 |
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Legal Form : |
Wholly Foreign Owned
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Line of Business : |
Manufacture and Sales of Electronic Products |
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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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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
Shuoying Industrial
(Shenzhen) Co., Ltd
Currency in this report is Chinese Yuan unless
otherwise stated.
Exchange Rate: 1 USD=6.356 Chinese Yuan
"--"in this report indicates
"unavailable" due to insufficient information or "no
comments"
EXECUTIVE
SUMMARY
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DATE OF establishment |
Nov 1ST, 2001 |
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Aic Registration No. |
Qi Du Yue Shen Zong Zi 308382 |
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REGISTERED LEGAL FORM |
wholly foreign
owned |
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REGISTERED CAPITAL |
HKD15,000,000.00 |
|
main BUSINESS |
manufacture and sales of electronic products |
|
employees |
1,000 |
|
import and export permits |
yes |
|
EXCHANGE RATE |
1 Usd=6.36 CNY
(JUNE.28TH, 2012) |
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Registered Address |
Building 2, |
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Zip Code |
518109 |
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Business Address |
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Zip Code |
518109 |
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Telephone |
86 755 28177777 / 13686866683 |
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Fax |
86 755 28177333 |
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SIC Code ( |
4153manufacture of cameras and related equipments |
REGISTRATION
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Name (Chinese) |
硕颖实业(深圳)有限公司 |
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Name (English) |
Shuoying Industrial (Shenzhen) Co., Ltd |
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Date of Establishment |
Nov 1st, 2001 |
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Registry |
Administration Bureau of Industry and Commerce – |
|
Legal Representative |
Chen Shiyong |
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AIC Registration Number |
Qi Du Yue Shen Zong Zi 308382 |
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Registered Legal Form |
wholly foreign
owned |
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Registered Capital |
HKD15,000,000.00 |
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Operating Duration |
From Nov 1st, 2001 to May 15th,
2051 |
|
Business Scope |
Manufacture of video phone,
palm computer, computer peripherals, camera equipments, stationeries, small
home appliances, fitness equipments, toys, packaging products; Development of digital
product software |
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Changes in Registration |
-- |
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.
REGISTRATION INFO:
AVAILABLE
FINANCIAL REPORTS:
AVAILABLE
FIELD
INVESTIGATION
SC’s business income comes mainly
from manufacture of digital cameras and computers etc. Its sales business is developed
directly to end customers. The competition in camera equipment industry is
fierce. There are not many similar enterprises in the local place. With long
history and certain scale, subject has accumulated certain customer network and
its competitiveness is average in the industry.
SHAREHOLDERS
AND SHARES
As
indicated in the following table:
|
Shareholder |
Capital
Subscribed |
Percentage |
|
XINKER
ELECTRONIC COMPANY LIMITED |
HKD15,000,000.00 |
100% |
|
Total |
HKD15,000,000.00 |
100% |
|
Shareholder |
Way
of Investment |
Paid-up
Percentage |
|
XINKER
ELECTRONIC COMPANY LIMITED |
-- |
100% |
Background
of major shareholder
|
Name |
XINKER ELECTRONIC COMPANY LIMITED |
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Address |
|
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File No. |
0683672 |
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File date |
Jul.28th, 1999 |
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Current status |
Active |
AFFILIATE(S)
|
Related company name |
SHUOYING DIGITAL SCIENCE &
TECHNOLOGY( |
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Address |
No.187 |
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Main business |
Manufacture of LED screen,
electronic fitness machine, electronic toys sensor, digital camera etc. |
MANAGEMENT
|
Name |
Chen Shiyong |
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Gender |
Male |
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Title |
Chairman |
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Education |
University |
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Name |
Chen Zhicheng |
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Gender |
Male |
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Title |
Vice Chairman |
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Education |
University |
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Name |
Chen Zhihua |
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Gender |
Male |
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Title |
Director |
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Education |
University |
NUMBER OF EMPLOYEES
Employees:
1,000
Management
Staff: 200
Recent
recruitment: Yes
|
Job-hunting websites |
Job title |
Number |
|
www.jobcn.com |
PCB Layou tengineer |
2 |
BANKERS INFORMATION
|
Subject’s bank information is unavailable through
all available channels. |
OFFICE FACILITIES
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Geographic Location |
Shuoying Road, Hebei Industry Area, Dalang Village, Longhua Town,
Baoan, Shenzhen |
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Area |
40,000 square meters |
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Environment |
Suburban area |
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Traffic condition |
Convenient |
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Purpose |
Office / storage / factory |
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Property Ownership |
Rented |
WEBSITE
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Website |
www.shuoying.com |
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e-mail |
-- |
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Operation status |
Normal |
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Copyright |
subject |
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Language |
Chinese, English |
TRADEMARKS
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Total trademark |
13 (only the latest 3 are listed) |
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Registration No. |
9274464 |
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Registration date |
Mar.29th, 2011 |
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Image |
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Registration No. |
9115976 |
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Registration date |
Feb.10th, 2011 |
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Image |
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Registration No. |
8175172 |
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Registration date |
Apr.2nd, 2010 |
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Image |
|
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%20CO%20,%20LTD%20-%20185375%2029-Jun-2012_files/image004.jpg)
%20CO%20,%20LTD%20-%20185375%2029-Jun-2012_files/image006.jpg)
PATENTS
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Total patents |
16 (only the latest 3 are listed) |
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Application No. |
200530059598.3 |
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Application date |
May.17th, 2005 |
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Patent name |
Display board |
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Application No. |
200530059605.X |
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Application date |
May.17th, 2005 |
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Patent name |
Display board |
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Application No. |
200630056438.8 |
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Application date |
Mar.24th, 2006 |
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Patent name |
Display board |
MAIN
PRODUCTS & SERVICES
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Main business |
Manufacture and sales of electronic products |
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Products and services |
Digital camera; computer; USB flash disk,
MP4, baby monitor, LED products GPS etc. |
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Picture of specific products |
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production capacity |
Digital camera: 400,000 per month |
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Plants and equipments |
Digital control machine, plastic injection machine, cutting machine,
automatic chip mounter etc. |
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Certificates / licenses |
ISO9001—2000 International Quality
Management System |
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%20CO%20,%20LTD%20-%20185375%2029-Jun-2012_files/image010.jpg)
%20CO%20,%20LTD%20-%20185375%2029-Jun-2012_files/image012.jpg)
SALES
INFORMATION
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Domestic sales |
0% |
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Competitors |
CRS ELECTRONIC (SHENZHEN)
CO., LTD; ACHIEVER INDUSTRY
(SHENZHEN) CO., LTD; OLYMPUS (SHENZHEN)
INDUSTRIAL CO., LTD; GIOTTOS INDUSTRIAL
(SHENZHEN) CO., LTD; DUONENG CAMERA SHENZHEN
CO., LTD |
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Payment terms |
Prompt payment; on credit |
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Export |
100% |
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Regions |
Europe,
America etc. |
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Major overseas clients |
Roadmaster
Usa Corp; Walt
Disney Company; J.
C. Penney Company, Inc.; QVC,
Inc. |
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Payment terms |
L/C, T/T |
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SC mainly provides OEM
service for the clients. Its products are all exported. |
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The above information was
confirmed by SC’s employee. |
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PURCHASE
INFORMATION
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Main Commodities Purchased |
Circuit board, plastic shells, automatic
chip mounter etc. |
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Number of Major Suppliers |
About 5 |
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Region |
Domestic: 80% Import: 20% |
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Major suppliers |
SHUOYING DIGITAL SCIENCE & TECHNOLOGY
(CHINA) CO., LTD.; SHENZHEN RUIHEYUAN WATER TREATMENT CO. LTD; SHENZHEN JIASHENG COMMUNICATION CO. LTD |
|
Main Terms of Payment |
Local: Prompt payment; on
credit Import: L/C, T/T |
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SC’s raw materials and equipments are mainly
purchased within China. Parts of them are supplied by the clients. |
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The above information was confirmed by SC’s
employee. |
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CREDIT
|
Name of supplier |
SHUOYING DIGITAL SCIENCE
& TECHNOLOGY( CHINA ) CO., LTD. |
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Main commodities and service supplied |
Digital cameras |
|
Interviewee |
Reception desk |
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Telephone of Interviewee |
86 577 86906977 |
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Payment comment |
The investigated person confirmed subject’s
payment behavior is prompt. |
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Date of interview |
June.28th, 2012 |
LITIGATION
RECORDS
|
Total records |
7 (only the latest 3 are listed) |
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Name of person subject to enforcement |
Shuoying Industrial (Shenzhen) Co., Ltd |
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Court |
People’s Court of Baoan Dist, Shenzhen |
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File date |
Feb.25th, 2010 |
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File No. |
(2010) Shen Bao Fa Zhi Zi 02788 |
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Status |
Closed |
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Name of person subject to enforcement |
Shuoying Industrial (Shenzhen) Co., Ltd |
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Court |
People’s Court of Baoan Dist, Shenzhen |
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File date |
Feb.1st, 2010 |
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File No. |
(2010) Shen Bao Fa Zhi Zi 02441 |
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Status |
Closed |
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Name of person subject to enforcement |
Shuoying Industrial (Shenzhen) Co., Ltd |
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Court |
People’s Court of Baoan Dist, Shenzhen |
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File date |
Feb.1st, 2010 |
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File No. |
(2010) Shen Bao Fa Zhi Zi 02440 |
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Status |
Closed |
OTHER ADVERSE
MEDIA INFORMATION
|
Source
|
Content
|
|
http://www.lawxp.com/case/c304232.html |
Patent
right dispute between Zhang Yinhu and subject was withdrawn. |
FINANCE
The gentleman during the
interview disclosed that subject’s annual sales volume is about 100 million
CNY.
Industry Ratios:
|
|
2010 |
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Return on net
assets (%) |
2.70 |
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Return on total
assets (%) |
2.10 |
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Gross margin (%) |
13.50 |
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Turnover of
total assets |
0.70 |
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Turnover of
current assets |
1.40 |
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Turnover of
account receivable |
66.67 |
|
Asset liability
ratio (%) |
68.00 |
|
Current ratio |
1.31 |
|
Quick ratio |
0.82 |
INDUSTRY
PROFILE
Industry
SIC Code (China): 4153 manufacture of camera equipments
Description: manufacture of
different types of cameras
Status Quo & Trend
China is the largest manufacturer
of camera equipments in the world. Its annual output of cameras ranks No.1 in
the international market and Chinese market holds a quarter of the whole
international market capacity.
In the meantime,
competition in Chinese digital camera industry is fierce. A new round of
industry restructuring and shuffle is coming.
Industry Associations
|
Name of association |
Membership of subject (Yes/No) |
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Shenzhen processing trade enterprise association |
Not Known |
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Shenzhen electronic industry association |
Not Known |
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China Electronic Chamber of Commerce |
Not Known |
GENERAL
COMMENTS
Established in end 2001
with the registered capital of HKD 15 million, subject is mainly engaged in manufacture
of electronic products like digital cameras etc. with years of history, it has
developed stable purchase and sales channels and the business scale is large.
Holding an independent
R&D department, subject can react quickly to the market trend and develop
new products that suit for the new market demand. Its sustainable development
potential is good.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.92 |
|
|
1 |
Rs88.91. |
|
Euro |
1 |
Rs.71.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<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.