MIRA INFORM REPORT
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Report Date : |
17.03.2012 |
IDENTIFICATION DETAILS
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Name : |
SHENZHEN CANTRUSTECH CO., LTD. |
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Registered Office : |
Room 708, East Block, Dali Garden, Taibai Road,
Luohu District, Shenzhen City,
Guagndong Province 518000 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
29.11.2005 |
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Com. Reg. No.: |
4403012196612 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
selling mechanical and electrical products |
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No. of Employees
: |
05 |
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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Maximum Credit Limit : |
USD 2,000 |
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Status : |
Small Company |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 & address
SHENZHEN CANTRUSTECh CO., LTD.
room 708, east block,
dali garden, taibai road, luohu district
shenzhen city,
guagndong PROVINCE 518000 PR CHINA
TEL: 86 (0)
755-84039991
FAX: 86 (0)
755-84039991
EXECUTIVE SUMMARY
Date of Registration : november 29, 2005
REGISTRATION NO. : 4403012196612
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL : cny 500,000
staff : 5
BUSINESS CATEGORY : trading
Revenue : CNY 312,000 (AS OF
DEC. 31, 2010)
EQUITIES : CNY 338,000 (AS OF DEC. 31, 2010)
WEBSITE : www.cantrustech.com
E-MAIL :
sales@cantrustech.com
PAYMENT : AVERAGE
Recommended Credit Limit: UP TO USD
2,000
MARKET CONDITION : fair
FINANCIAL CONDITION : FAIRLY STABLE
OPERATIONAL TREND : ORDINARY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.32 = USD 1
Adopted abbreviations
(As Follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
OPERATIONAL TREND & GENERAL
REPUTATION
This section aims at indicating the relative positions of SC in respect
of its operational trend & general reputation
Operational Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not known Not
yet be determined
Not yet be determined
LEGAL STATUS & HISTORY
SC was
established as a limited liabilities company of PRC with State Administration
of Industry & Commerce (SAIC) under registration No.: 4403012196612 on November
29, 2005.
SC’s Organization Code Certificate
No.: 78277155-4
SC’s registered capital: cny 500,000
SC’s paid-in capital: cny 500,000
Registration Change Record:
No significant changes of SC have
been noted in SAIC since its incorporation.
Current Co search indicates SC’s shareholders & chief executives
are as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Liang Haifeng |
50 |
|
Liang Haitao |
50 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative,
Chairman, and General Manager |
Liang Haifeng |
|
Supervisor |
Liang Haitao |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Name %
of Shareholding
Liang Haifeng 50
Liang Haitao 50
MANAGEMENT
Liang
Haifeng, Legal Representative,
Chairman, and General Manager
-------------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as legal representative, chairman,
and general manager
Liang
Haitao, Supervisor
--------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
BUSINESS OPERATION
SC’s registered business scope includes purchasing and
selling mechanical and electrical products, building automation products,
industrial products, air-conditioning products, energy-saving products, water
treatment products, and communication products; domestic trade, supplying and
selling of commodities (excluding the products previlaged, prohibited or
franchised); importing and exporting commodities and technology.
SC is
mainly engaged in selling mechanical and electrical products.
SC’s products mainly include: temperature &
humidity & pressure sensors, transmitters, control valves, etc.
Acting brands: “SORTWELL” “GREYSTORE”
“DELTA”.
SC sources its materials 60% from domestic
market, and 40% from overseas market, mainly Canada and U.S.A. SC sells 100% of
its products in domestic market.
The buying
terms of SC include T/T, L/C and Credit of 30-60 days. The payment terms of SC
include T/T and Credit of 30-60 days.
Staff & Office:
--------------------------
SC is
known to have approx. 5 staff at present.
SC
rents an area as its operating office, but the detailed information is unknown.
RELATED COMPANY
SC is not known to have any subsidiary at present.
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet be 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.
BANKING
The
bank information of SC is not filed in SAIC.
FINANCIALS
Balance Sheet
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Unit: CNY’000 |
As of Dec. 31,
2010 |
|
64 |
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Accounts receivable |
139 |
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Advances to suppliers |
0 |
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Other receivable |
130 |
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Inventory |
88 |
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Non-current assets within one
year |
0 |
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Other current assets |
0 |
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------------------ |
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Current assets |
421 |
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Fixed assets |
0 |
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Construction in progress |
0 |
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Intangible assets |
0 |
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Long-term prepaid expenses |
0 |
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Deferred income tax assets |
0 |
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Other non-current assets |
0 |
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Total assets |
421 |
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============= |
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Short-term loans |
0 |
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Notes payable |
0 |
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Accounts payable |
33 |
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Wages payable |
0 |
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Advances from clients |
0 |
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Other payable |
0 |
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Other current liabilities |
0 |
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------------------ |
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Current liabilities |
33 |
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Non-current liabilities |
0 |
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------------------ |
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Total liabilities |
33 |
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Equities |
338 |
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------------------ |
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Total liabilities & equities |
421 |
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Income Statement
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Unit: CNY’000 |
As of Dec. 31,
2010 |
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Revenue |
312 |
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Cost of sales |
234 |
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Sales expense |
0 |
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Management expense |
61 |
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Finance expense |
0 |
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Profit before
tax |
16 |
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Less: profit tax |
2 |
|
14 |
Important Ratios
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As of Dec. 31, 2010 |
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*Current ratio |
12.76 |
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*Quick ratio |
10.09 |
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*Liabilities
to assets |
0.08 |
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*Net profit
margin (%) |
4.49 |
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*Return on
total assets (%) |
3.33 |
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*Inventory /
Revenue ×365 |
103 days |
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*Accounts
receivable/ Revenue ×365 |
163 days |
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*
Revenue/Total assets |
0.74 |
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* Cost of
sales / Revenue |
0.75 |
FINANCIAL COMMENTS
PROFITABILITY:
AVERAGE
l
The revenue of SC appears
fair in its line.
l
SC’s net profit margin is average.
l
SC’s return on total assets is average.
l
SC’s cost of sales is average, comparing with its revenue.
LIQUIDITY:
FAIR
l
The current ratio of SC is maintained in a normal
level.
l
SC’s quick ratio is maintained in a normal level.
l
The inventory of SC appears fairly large.
l
The accounts receivable of SC appears fairly large.
l
SC has no short-term loans.
l
SC’s revenue is in a
fair level, comparing with the size of its total assets.
LEVERAGE:
AVERAGE
l
The debt ratio of SC is low.
l
The risk for SC to go bankrupt is above average.
Overall financial
condition of the SC: Fairly Stable.
CONCLUSIONS
SC is considered small-sized in its line with fairly stable
financial conditions. The fairly large amount of inventory and accounts
receivable may be a threat to SC’s financial condition. A credit line up to USD
2,000 would appear to be within
SC’s capacities.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.31 |
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UK Pound |
1 |
Rs.79.04 |
|
Euro |
1 |
Rs.65.82 |
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.