MIRA INFORM REPORT
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Report Date : |
22.03.2012 |
IDENTIFICATION DETAILS
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Name : |
SHANGHAI RENLE SCIENCE & TECHNOLOGY CO.,
LTD |
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Registered Office : |
No. 3988, |
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Country : |
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Date of Incorporation : |
13.10.2008 |
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Com. Reg. No.: |
310000000094755 |
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Legal Form : |
Shares Limited Company |
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Line of Business : |
manufacturing and selling frequency changer, starter, etc. |
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No. of Employees
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350 |
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
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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
SHANGHAI RENLE SCIENCE & TECHNOLOGY CO., LTD.
NO. 3988, CHENGBEI ROAD, JIADING INDUSTRIAL PARK,
SHANGHAI, 201807 PR CHINA
TEL: 86 (0) 21- 39538058/39538009 FAX:
86 (0) 21- 39538129
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCT. 13, 2008
REGISTRATION NO. :
310000000094755
REGISTERED LEGAL FORM : SHARES LIMITED CO.
STAFF STRENGTH :
350
REGISTERED CAPITAL : CNY
106,500,000
BUSINESS LINE :
MANUFACTURING & TRADING
TURNOVER :
N/A
EQUITIES : N/A
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
CNY 6.32= 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 Shares limited co. at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on Oct. 13, 2008.
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 technology development,
technology transfer, technology consulting, and technology service on the areas
of electrical equipment, environment protection technologies and information
technology; manufacturing motor soft starters, variable-frequence governor,
ATSE, disconnector, explosion-proof electric apparatus, inverter, high and low
voltage reactive power compensation and harmonic complete set of equipment,
high and low voltage intelligent power grid complete equipment, fire fighting
apparatus emergency supply, motor protector, breaker, BAMGGT, low voltage motor
soft starter, molded case circuit breaker, air circuit breaker; importing and
exporting commodities and technologies; (with permit if needed).
SC is mainly engaged
in manufacturing and selling frequency changer, starter, etc.
Mr. Chen
Guocheng is legal representative,
chairman and general manager of SC at present.
SC is known to have approx. 350 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 Shanghai. But the
detailed information about the premise is unspecific.
http://www.renle.com/ The design is
professional and the content is well organized. At present the website is in
English and Chinese versions.
E-mail: renle@renle.com
Certificates:
=========
The ISO9001 quality management system certification
ISO14001 environmental management system certification
European Union CE certification
OHSAS18001 occupational health and safety management system
certification
MAIN SHAREHOLDERS:
Name %
of Shareholding
Shanghai Hongyi Bona Equity Investment
Partnership (Limited Partnership) 9.39
Beijing Yiyun Clean Technology Venture
Capital Co., Ltd. 2.82
Beijing Cangyuan Investment Fund Management
Co., Ltd. 0.94
Shanghai Hongyi Bochuang Equity Investment
Partnership (Limited Partnership)
4.69
Shanghai Lingrui Venture Capital Co., Ltd.
0.94
Shenzhen Shengqiao Chuangxin Investment
Partnership
2.82
Chen Guocheng 33.05
Jin Binkao 2.25
Chen Sanbao 24.04
Chen Qingsheng 1.13
Chen Jianhua 2.25
Chen Chunping 1.13
Qian Jianqing 1.50
Ye Dinghua 3.76
Peng Yicheng 3.38
Zhang Jinsheng 1.50
Other 9 individuals 4.41
l
Legal Representative,
Chairman and General Manager:
Mr. Chen Guocheng is currently responsible for the overall management of
SC.
Working Experience(s):
At present Working
in SC as legal representative, chairman and general manager;
Also working in Shanghai RENLE Power Supply Co., Ltd. as legal representative.
SC is mainly
engaged in manufacturing and selling frequency changer, starter, etc.
SC’s products
mainly include: HVC, high voltage solid-state soft starter ark, low voltage
converter, low voltage motor soft starter, etc.
SC sources its
materials 100% from domestic market. SC sells 60% of its products in domestic
market, and 40% to overseas market.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include Check, T/T, L/C and Credit of 30-60 days.
Note: SC refused
to release its major suppliers and customers.
According to SC’s website:
Wuhan RENLE Electric Co., Ltd.
Shanghai
RENLE Power Supply Co., Ltd.
Shanghai
RENLE Power Automation Co., Ltd.
Shanghai
RENLE Electronics Co., Ltd.
Shanghai
RENLE Explosion-proof Electric Co., Ltd.
Shanghai
RENLE Switch Co., Ltd.
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 records
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.
We could not
find the bank information on SC in local AIC.
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 medium-sized in its line with a development history of
4 years. Credit up to moderate amount may be
considered.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.59 |
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UK Pound |
1 |
Rs.80.34 |
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Euro |
1 |
Rs.67.14 |
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.