MIRA INFORM REPORT

 

 

Report Date :

02.05.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

FUJIAN QUANGONG MACHINERY CO.,LTD

 

 

Registered Office :

Taoyuan Industrial Zone, Fengzhou, Nan’an City, Quanzhou City, Fujian Province

 

 

Country :

China

 

 

Year of Establishment :

1979

 

 

Com. Reg. No.:

350500100015183

 

 

Legal Form :

Limited Liabilities Company

 

 

Line of Business :

Manufacturer and sales of brick making machines

 

 

No. of Employees :

500

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 

   

FUJIAN QUANGONG MACHINERY CO.,LTD

Taoyuan Industrial Zone, Fengzhou, Nan’an City, Quanzhou City, Fujian Province

362333

Tel :

86 595 86799299

Fax:

86 595 86799557

E-mail:

--

Website:

www.qzmachine.com

 

Currency in this report is Chinese Yuan unless otherwise stated.

 

Exchange Rate: 1 USD=6.30 Chinese Yuan

 

"--"in this report indicates "unavailable" due to insufficient information or "no comments"

 

Notes

1. Due to the recent intervention of Chinese government in the information obtaining procedure of companies, all the credit reporting agencies and other agencies are not allowed to provide financial information of other companies to the clients. Therefore, in this report, only some basic official information can be provided for the client’s reference. No financial is available.

2. The given name of subject is not complete. Its complete name is as listed in the report.

3. The information in this report is obtained from public channels.

 

EXECUTIVE SUMMAR

 

year OF establishment

1979

Aic Registration No.

350500100015183

REGISTERED LEGAL FORM

limited liabilities company

REGISTERED CAPITAL

--

main BUSINESS

manufature and sales of brick making machines

SIC Code (China)

3614 manufacture of building material manufacturing machinery

 

 

employees

500

import and export permits

yes

business scale

Large

operation trend

Good

 

 

EXCHANGE RATE

1 Usd=6.30 CNY (apr.28th, 2012)

        

REGISTRATION

 

Name

FUJIAN QUANGONG MACHINERY CO., LTD

AIC Registration Number

350500100015183

Registered address

Taoyuan Industrial Zone, Fengzhou, Nan’an City

Operation address

Taoyuan Industrial Zone, Fengzhou, Nan’an City

Year of Establishment

1979

Registered Legal Form

limited liabilities company

Registered Capital

N/A

                        

Limited liabilities co.

This form of business in PR China is defined as a legal person. Its registered capital is contributed jointly by at least two shareholders and no more than fifty. 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 listed as follows:

 

-manufacturing co.                                 : RMB 500,000.00

-trading &wholesaling co.                        : RMB 500,000.00

-retailing co.                                          : RMB 300,000.00

-consultancy & service co.                      : RMB 100,000.00

 

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 50% of the registered capital while contribution by intangible assets must not exceed 20% 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.

 

REGISTRATION INFO: AVAILABLE

FINANCIAL REPORTS: AVAILABLE

    

SHAREHOLDERS AND SHARES

 

N/A

          


AFFILIATE(S)

 

No affiliate of subject is found after checking.

             

      

MANAGEMENT

 

N/A

     

       

BANKERS INFORMATION

 

Bank name

Industrial and Commercial Bank of China – Nan’an Sub-branch (Quanzhou)

Account No. (CNY)

N/A

Source of information

Subject’s staff

 

        

OFFICE FACILITIES

 

Geographic Location

Taoyuan Industrial Zone, Fengzhou, Nan’an City

Area

150,000 square meters

Environment and traffic

Acceptable

Property Ownership

Unknown

 

           

TRADEMARKS

 

Total trademarks

2

Registration No.

3500359

Registration date

Mar.25th, 2003

Image

 

 

Registration No.

796419

Registration date

Mar.22nd, 1994

Image

                 

 

PATENTS

 

Total patents

32 (only the latest 3 are listed)

Application No.

201120270183.0

Application date

July.28th, 2011

Patent name

Brick machine controlling device

 

 

Application No.

201120270169.0

Application date

July.28th, 2011

Patent name

Controlling device

 

 

Application No.

201120131901.6

Application date

April.29th, 2011

Patent name

Hanging seat device

 

        

MAIN PRODUCTS & SERVICES

 

Main business

Manufacture and sales of brick making machinery

Products and services

Subject produces different kinds of brick making machine and block shaping machine, concrete batching plants etc.

Annual production capacity

720 sets

Certificates

ISO 9001

                   

          

SALES INFORMATION

 

Local sales

70%

Regions

All over China

Major domestic clients

Brick factories, electricity factories, coal factories etc.

Payment terms

Prompt payment; on credit

Export

30%

Regions

Europe, Southeast Asia, Africa, Mid-east etc.

Major overseas clients

International traders

Payment terms

L/C, T/T

SC’s products are sold both domestically and internationally. Its sales region is wide and has established offices in many cities of China.

The above information was confirmed by SC’s employee

           

            

PURCHASE INFORMATION

 

Main Commodities Purchased

Electric machinery, gearings

Region

Local: 100%

Number of Major Suppliers

More than 5

Major suppliers

QUANZHOU TONGZHENG ELECTRIC MACHINERY AND GEARING DEVELOPMENT CO., LTD

Main Terms of Payment

Local: Prompt payment; on credit

SC’s raw materials and equipments are all purchased domestically or through domestic traders. It maintains stable cooperation with the suppliers.

The above information was confirmed by SC’s employee

                                      

CREDIT 

 

Name of supplier

QUANZHOU TONGZHENG ELECTRIC MACHINERY AND GEARING DEVELOPMENT CO., LTD

Main commodities and service supplied

Electric machinery

Title of interviewee

office staff

Telephone of Interviewee

86 595 22560578

Cooperation

Confirmed

Payment comment

Prompt

          

          

LITIGATION RECORDS 

 

Name of person subject to enforcement

FUJIAN QUANGONG MACHINERY CO.,LTD

Court

People’s Court of Quanzhou City, Fujian Province

File date

April 12th, 2012

File No.

(2012) Quan Zhi Zi 00154

Amount

5,000

Status

In execution

          

            

FINANCE

 

N/A

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.68

UK Pound

1

Rs.85.12

Euro

1

Rs.69.38

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.