MIRA
INFORM REPORT
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Report Date : |
31.03.2012 |
IDENTIFICATION DETAILS
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Name : |
ramon
science & technology co., ltd. |
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Registered Office : |
No. 21, Furong Road, Zhengxiang District, Hengyang,
Hunan Province, 421001 Pr |
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Country : |
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Date of Incorporation : |
03.01.1993 |
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Com. Reg. No.: |
430400400001675 |
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Legal Form : |
Chinese-Foreign Equity Joint
Venture |
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Line of Business : |
Manufacturing industrial control products, technical
services |
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No. of Employees : |
200 |
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 30, 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
ramon science & technology co.,
ltd.
NO. 21, FURONG ROAD, ZHENGXIANG DISTRICT, HENGYANG,
HUNAN PROVINCE, 421001 PR CHINA
TEL: 86 (0)
734-8892111/8892110/8892063 FAX: 86
(0) 734-8852098
EXECUTIVE SUMMARY
INCORPORATION DATE : JAN. 3, 1993
REGISTRATION NO. : 430400400001675
REGISTERED LEGAL FORM :
Chinese-foreign equity joint venture enterprise
STAFF STRENGTH : 200
REGISTERED CAPITAL : CNY 30,000,000
BUSINESS LINE : R & D, MANUFACTURE
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 6.3009 = 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 Chinese-foreign equity
joint venture enterprise at local Administration for Industry & Commerce
(AIC-The official body of issuing and renewing business license) on Jan. 3,
1993.
Company Status:
Chinese-foreign equity joint venture enterprise This form of business in PR
China is defined as a legal person. It is a limited co. jointly invested by
one or more foreign companies and one or more PR China controlled companies
within the territories of PR China according to a certain proportion of
capital investment. The investing parties exercise business management,
share profits and bear all risks and liabilities of the co. together. The
equity joint venture law requires that foreign party contribute not less
than 25% of the registered capital, with no maximum. The investing parties
are free to agree on method of profit distribution and liabilities bearing
according to the proportion of capital investment. Each investing parties
contributes funds, tangible assets, technology & etc. The board of
directors excises the high authority. The joint venture usually has a
limited duration of 10 to 50 years. Enterprise with large investment, long
construction periods, low investment returns, introducing of advanced
technology & advanced technology products that have good competition
position in international market may extend beyond the 50 years limit.
SC’s registered business scope includes R & D, producing
and selling metallurgical equipment, industrial control products, sensors and
software, instrumentation, radiation products and technical services,
technology transfer, technical training; researching and manufacturing
construction radon mitigation chemical coating; developing computer hardware
and software.
SC is
mainly engaged in R & D and manufacturing industrial control products,
technical services.
Mr. Tian Zhiheng is legal
representative and chairman at present.
SC is
known to have approx. 200 employees
at present.
SC is currently operating at the above stated address, and this
address houses its operating office and factory in the hi-tech development zone
of Hengyang. Our checks reveal that SC owns the total
premise about 30,000 square meters.
http://www.ramon.com.cn/
The design is professional and the content is well organized. At present it is
in Chinese and English versions.
E-mail: overseas@ramon.com.cn
No significant changes were found during our checks with the
local Administration for Industry and Commerce.
SC has got the certificate of ISO9000, ISO14000, CE.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Tian Zhiheng 52.8
Hong Kong Rui
Man Information Technology Limited 25
Tian Lu 11.1
Tian Li 11.1
Hong Kong Rui
Man Information Technology Limited
======================================
Registration No.: 0903938
Legal Form: Private
l
Legal Representative and Chairman:
Mr. Tian Zhiheng, he graduated from Department of Atomic Energy in
Peking University. 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 Hunan
Ramon Science & Technology Co., Ltd. as legal representative; Ramon Science
& Technology Co., Ltd. Beijing Research Institute as principal.
l
CEO:
Mr. Tian Lu,
senior engineer, he graduated from Wuhan University
majoring in physics for bachelor degree, master of Metal Physics in Institute
of Metal Research, Chinese Academy of Sciences, Ph.D. majoring in Metallurgy at
University of Science & Technology Beijing. He is currently responsible for
the daily management of SC.
Working Experience(s):
At present Working in SC as CEO.
He is also executive director of Beijing
Science and Technology People Association, Senior member of Chinese Society for
Metals, academic member of Continuous Casting Branch of Chinese Society for
Metals, and chairman of the Software Technology Committee in Hengyang.
l
Vice General Manager:
Ms. Tian Li (田立), she graduated from University of South China,
MBA, Bachelor of Engineering, senior engineer. She is currently responsible for
the daily management of SC.
Working Experience(s):
At present Working in SC as vice general manager.
SC is
mainly engaged in R & D and manufacturing industrial control products, technical
services.
SC’s
products mainly include:
RAMON
Stopper/Slide Gate Digital Control System
RAMON
Electric Mould Non-sinusoidal Oscillation System
RAMON
Electric Mould Non-sinusoidal Oscillation System
RAMON
Vibration Ladle Slag Detection System
RAMON
Pneumatic Slag Stopping System
RAMON
BOF/EAF Slag Detection System
RAMON
Ladle Slag Detection (Multi-dimensional)
RAMON
Electromagnetic ladle slag detection system
RAMON
Automatic Powder Feeding System: Slab &Bloom
RAMON
Automatic Powder Feeding System: Billet
SC
sources its materials 80% from domestic market, and 20% from overseas market.
SC sells 70% of its products in domestic market, and 30% to overseas market,
mainly India, Korea, Brazil, etc.
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, L/C and Credit of 30-60
days.
Note: SC’s management declined to release its major suppliers and
clients.
According to SC’s website:
Hunan Ramon Science & Technology Co., Ltd.
Ramon Science & Technology Co., Ltd. Beijing Research
Institute
Indian Technical Service Center
=====================
Tel: +91－788 2270161
Add: Plot No
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.
At local AIC, the bank information of SC is not available.
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 19 years. Credit up to moderate amount may be considered.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.15 |
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|
1 |
Rs.81.79 |
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Euro |
1 |
Rs.68.34 |
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.