MIRA INFORM REPORT
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Report Date : |
19.03.2012 |
IDENTIFICATION DETAILS
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Name : |
BEIJING BRSHOO TECHNOLOGY DEVELOPMENT CO.,
LTD |
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Registered Office : |
No. 2 Tianhua Street, Biomedical Base,
Daxing District, Beijing, 102600 Pr |
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Country : |
China |
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Date of Incorporation : |
23.01.2007 |
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Com. Reg. No.: |
110111002921358 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Selling
Pharmaceutical Packaging Machines |
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No. of Employees
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30 |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 & address
Beijing Brshoo Technology Development Co., Ltd.
No. 2 Tianhua
Street, Biomedical Base,
Daxing District,
BEIJING, 102600 PR CHINA
TEL: 86 (0) 10-61256899/61256900 FAX: 86 (0) 10-61256899
EXECUTIVE SUMMARY
INCORPORATION DATE : JAN. 23, 2007
REGISTRATION NO. :
110111002921358
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH : 30
REGISTERED CAPITAL :
CNY 800,000
BUSINESS LINE : SELLING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : SMALL amount
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.3175 = 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 Renminbi
SC was registered as a limited liabilities company at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on Jan. 23, 2007.
Company Status: Limited liabilities co. This form of business in PR China
is defined as a legal person. No more than fifty shareholders contribute
its registered capital jointly. Shareholders bear limited liability to the
extent of shareholding, and the co. is liable for its debts only to extent
of its total assets. The characteristics of this form of co. are as
follows: Upon
the establishment of the co., an investment certificate is issued to the
each of shareholders. The board of directors is
comprised of three to thirteen members. The minimum registered capital
for a co. is CNY 30,000. Shareholders may take their
capital contributions in cash or by means of tangible assets or intangible
assets such as industrial property and non-patented technology. Cash contributed by all
shareholders must account for at least 30% of the registered capital. Existing shareholders have
pre-exemption right to purchase shares of the co. offered for sale by the
other shareholders and to subscribe for the newly increased registered
capital of the co.
SC’s registered business scope includes selling of class Ⅲ medical equipment: medical used
macromolecule materials and products, intervention equipment; class Ⅲ: Medical used ultrasonic instrument
and the related equipment, clinical examination analytic instrument, surgery/ first aid room/consulting room equipment and apparatus,
medical used electron device. Technical development/service/transfer;
undertaking exhibition displays, economic consultation (excluding agency); planning corporate image; selling hardware,
general merchandise, building materials, mechanical equipment and electric
equipment.
SC is mainly
engaged in selling pharmaceutical packaging machines.
Mr. Wu Yuquan is the legal representative, chairman and general manager
of SC at present.
SC is
known to have approx. 30 employees at present.
SC is
currently operating at the above stated address, and this address houses its
operating office in the industrial zone of Beijing.
Detailed information of the premise is unspecified.
http://www.brshoo.com/ The design
is professional and the content is well organized. At present it is in both
Chinese and English versions.
E-mail: brshoo@126.com
No significant events or changes were found during our checks with the
local Administration for Industry and Commerce.
SC’s financial reports can not be found in local AIC, so its auditor’s
name is not available.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Wu Yuquan 87.5
Yuan Jingcun 12.5
Legal
Representative, Chairman and General Manager:
Mr. Wu Yuquan, ID# 110101196106294532, born in
1961, he is currently responsible for the overall and daily management of SC.
Working Experience(s):
At present Working in SC as legal representative, chairman and general manager.
Supervisor:
Yuan Jingcun, ID# 13053419800305663X, born in 1980.
SC is mainly
engaged in selling pharmaceutical packaging machines.
SC’s products mainly include: coil membrane package machine and winding type bundling machine, pin hole detector, etc.
SC sources its materials 90% from domestic
market and 10% from overseas market. SC sells 100% of its products in domestic
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 and Credit of 30-60
days.
Note:
SC’s management declined to release its major clients and suppliers.
SC is not known to have any subsidiary at present.
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 Communications Beijing Tiantan Sub-branch
AC#:
110060841018170035989
Relationship:
Normal.
Investigations were made with the local AIC, but the financial records
were not available.
SC’s management declined to release any financial information.
SC is considered small-sized in its line with 5 years operation
history. Credit confined into small amount may be considered.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.31 |
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UK Pound |
1 |
Rs.79.04 |
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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.