MIRA INFORM REPORT
|
Report Date : |
07.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHANDONG GUOQIANG HARDWARE SCIENCE AND
TECHNOLOGY JOINT STOCK CO., LTD. |
|
|
|
|
Formerly Known As : |
Dezhou Guoqiang Hardware Products
Co., Ltd. |
|
|
|
|
Registered Office : |
No. 518, Tingjin West Road, Leling,
Shandong Province, 253600 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Date of Incorporation : |
26.09.2001 |
|
|
|
|
Com. Reg. No.: |
371403228000920 |
|
|
|
|
Legal Form : |
Shares Limited Company |
|
|
|
|
Line of Business : |
manufacturing and selling hardware products. |
|
|
|
|
No. of Employees
: |
1600 |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
China |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
SHANDONG
GUOQIANG HARDWARE SCIENCE AND TECHNOLOGY
JOINT
STOCK CO., LTD.
NO. 518, TINGJIN WEST ROAD, LELING, SHANDONG
PROVINCE, 253600 PR CHINA
TEL: 86 (0)
534-2119510/2119513 FAX: 86 (0) 534-2119025
EXECUTIVE SUMMARY
INCORPORATION DATE : sep. 26, 2001
REGISTRATION NO. : 371403228000920
REGISTERED LEGAL FORM : Shares limited co.
STAFF STRENGTH :
1,600
REGISTERED CAPITAL : CNY 70,000,000
BUSINESS LINE :
MANUFACTURING
TURNOVER :
n/a
EQUITIES :
n/a
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : MODERATE AMOUNT
MARKET CONDITION : average
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.31 = 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 Limited liabilities co. at Shandong Provincial Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on Sep. 26, 2001, and later was changed into present legal form.
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 scope includes manufacturing and selling
hardware products, electronic metal, door window & door lock, adhesive tape
and building & decorative materials; importing and exporting commodities and
technologies (excluding items prohibited by the state).
SC is
mainly engaged in manufacturing and selling hardware products.
Mr. Song
Guoqiang is the legal representative and chairman of SC at present.
SC is
known to have approx. 1,600 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 Leling. SC’s
accountant refused to release the detailed information of the area.
Note:
The other address (No. 450, Zaocheng North Road, Leling, Dezhou City, Shandong
Province, 253600, P.R. China on SC’s website refers to the same place as the
heading one.
http://www.guoqiang.cn
The design
is professional and the content is well organized. At present it is in Chinese
and English versions.
Email: export@guoqiang.cn
SC has obtained the ISO9001 and CE
certification. Also obtaining the” Famous Brand of China”.
Changes of its registered information:
|
Date of change |
Item |
Before the change |
After the change |
|
Unknown |
Company’s name |
Dezhou Guoqiang Hardware Products Co., Ltd. |
Present one |
|
Registered capital |
CNY 40,000,000 |
Present amount |
|
|
Registered Legal Form |
Limited liabilities co. |
Present one |
|
|
Shareholders (% of
shareholding) |
Fan Chunhua 0.8% Jiaxing Jiahe Jiuding Investment Center 10.0% Li Guanlun 0.8% Li Jingfang 4.8% Meng Fanlu 0.8% Meng Hongxia 1.6% Ren Hongdong 0.8% Song Guoqiang 58.4% Song Guozhong 0.8% Su Li 1.6% Suzhou Jiayue Jiuding Investment Center 10.0% Wang Baoshuan 1.6% Wang Chungui 0.8% Wu Changzhi 0.8% Zhan Lei 0.8% Zhang Guoqing 0.8% Zhao Fang 2.4% Zhao Yuefang 0.8 Zou Wanlai 1.6% |
Present ones |
MAIN SHAREHOLDERS:
Name %
of Shareholding
Meng Hongxia 1.57
Wang Baoshuan 1.57
Su Li 1.57
Zhao Yuefang 0.785
Li Guanlun 0.785
Song Guoqiang 57.33
Wu Changzhi 0.785
Meng Fanlu 0.785
Wang Chungui 0.785
Song Guozhong 0.785
Zhan Lei 0.785
Ren Hongdong 0.785
Fan Wenchao 0.785
Zhang Guoqing 0.785
Suzhou Jiayue Jiuding Investment Center 10
Jiaxing Jiahe Jiuding Investment Center 10
Li Jingfang 4.71
Bao Weigang 1.47
Zhao Fang 2.36
Zou Wanlai 1.57
l
Legal
representative and Chairman:
Mr. Song Guoqiang ,
ID#
372402196011180033, born in 1960. He is currently
responsible for the overall management of SC.
Working Experience(s):
At present Working in SC as legal
representative and chairman.
Also working in Leling Guoqiang Doors & Windows Co., Ltd. as legal representative.
SC is
mainly engaged in manufacturing and selling hardware products.
SC’s products mainly include: hardware for UPVC inward casement and tilt & turn window, hardware for outward casement and sliding window, hardware for UPVC door, hardware for aluminum window and door, window and plastic composite doors.
SC
sources its materials 50% from domestic market and 50% from overseas market. SC
sells 60% in domestic market and 40% 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 T/T, L/C, Check and Credit of 30-60
days.
Note: SC refused to release its main clients and suppliers.
Leling Guoqiang Doors & Windows Co., Ltd.
Branch:
======
Shandong
Guoqiang Hardware Science and Technology Joint Stock Co., Ltd. Dezhou Branch
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 whether it has account in Bank of
China.
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 11 years operation
history. Credit up to moderate amount may be
considered.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.03 |
|
UK Pound |
1 |
Rs.79.32 |
|
Euro |
1 |
Rs.66.02 |
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.