MIRA
INFORM REPORT
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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Name : |
ANHUI TIME TECHNOLOGY CO., LTD. |
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Registered Office : |
No. 32, |
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Country : |
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Date of Incorporation : |
19.12.2008 |
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Com. Reg. No.: |
340000000044812 |
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Legal Form : |
One-Person Limited Liability Company |
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Line of Business : |
Investing and managing its subsidiaries; manufacturing & selling textiles, garments, chemicals, electromechanical products and machineries. |
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No. of Employees : |
300 |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 and address
anhui time technology CO., LTD.
NO. 32, TIANZHI
ROAD, HI-TECH DISTRICT, HEFEI,
ANHUI PROVINCE,
230001 PR CHINA.
TEL: 86 (0)
551-5738807/5738770 FAX: 86 (0)
551-5738767
EXECUTIVE SUMMARY
INCORPORATION DATE : DEC. 19, 2008
REGISTRATION NO. : 340000000044812
REGISTERED LEGAL FORM : ONE-PERSON LIMITED LIABILITY COMPANY
STAFF STRENGTH :
300
REGISTERED CAPITAL : CNY 15,000,000
BUSINESS LINE :
management, MANUFACTURE & TRADE
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT : AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAILRY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY
6.28 = 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 one-person limited liability company
at local Administration for Industry & Commerce (AIC - The official body of
issuing and renewing business license) on Dec.19, 2008.
Company Status: One-person
Limited Liability Company
Single person LLC refers to a
limited liability company set up by only one natural person or legal person
as the single shareholder of it. The minimum registered capital
of Single person LLC is CNY100,000. The shareholders capital contributes,
as set out by the articles of associations should be a lump-sum payment in
full. One natural person can only
invest in and set up one limited liability company, which is not permitted
to invest in and set up a new Single person LLC. As to any one-person limited
liability company, the sole-investor nature of the natural person or legal
person shall be indicated in the registration documents of the company and
shall be indicated in the business license thereof as well. The regulation of Single person
LLC should be set up by the shareholder The regulation of Single person
LLC has no shareholder meeting.
SCs registered
business scope includes Asset management, operations, investment and assets or
equity management of their wholly owned and holding subsidiaries; research,
development, promotion and application of new media; the promotion of
scientific and technological achievements; development, production, sales,
consulting services and technology transfer of electronic and optoelectronic
machine integration, chemical products, new materials, biological engineering,
environmental protection, energy saving, plasma, low-temperature
superconducting, electrical appliances, mechanical vacuum, ion beam, microwave
communications, automatic control, radiation processing, KG textile
auxiliaries, environment-friendly architectural coatings; development,
production, sales, construction, technical advice, technology transfer of paint
decoration works construction; automatic fire alarm system product; sales of
textile, apparel, general merchandise and goods; housing lease; sales of
cultural and office supplies, non-ferrous metals and steel. Foreign economic,
technical, trade and cultural industry cooperation; importing and exporting
commodities and technology, excluding the items prohibited or limited by the
country..
SC is mainly
engaged in investing and managing its subsidiaries; manufacturing & selling
textiles, garments, chemicals, electromechanical products and machineries.
Li Yang is legal representative, chairman and general
manager of SC at present.
SC is known to have approx. 300 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 zone of Hefei. SCs accountant
refused to release the detail information of the total premise.
http://www.ah-time-tech.com/ The design is professional and the content is
well organized. At present it is in both Chinese and English versions.
Email: ahtimetech@yahoo.cn
SC has been awarded the honorable titles as technical center of
excellent enterprise in
No significant changes were found during our checks with the local
Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Time Publishing and Media Co., Ltd. 100
Time Publishing and Media Co., Ltd. is listed in Shanghai Stock Exchange
Market with the stock code 600551.
Registered capital: CNY 505,825,000
Legal representative: Wang Yafei
Tel: 0551-3533671, 0551-3533050,
0551-3533053
Fax: 0551-3533050
Website: http://www.press-mart.com
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Legal representative, Chairman and General manager:
Li Yang 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 Anhui Time Zonkia Science & Trade Co., Ltd. (literal
translation), Anhui Ustc Zonkia Scientific Instruments Co., Ltd., Anhui Time
Keju Electric Co., Ltd., Anhui Time Chuangxin Property Management Co., Ltd. (in
Chinese pinyin), Anhui Time Juneng Technology Co., Ltd. (in Chinese pinyin) as
legal representative, and in Anhui Time
Technology Co., Ltd. Fuhua Branch as principal.
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Supervisor:
Xu Zhimei
SC is mainly
engaged in investing and managing its subsidiaries; manufacturing & selling
textiles, garments, chemicals, electromechanical products and machineries.
SCs products mainly include textile, garment, textile fabric, lighting,
electric appliance, chemical and electromechanical products, electric motors,
etc.
SCs departments: Import Dept., Electronic
Dept., Garment Dept., Chemical Dept., Machinery & Electronics Dept.,
Textile Dept., Documents Dept., Construction Machinery Dept.
SC sources its materials 50% from domestic
market, and 50% from overseas market. SC sells 60% of its products in domestic
market, and 40% to overseas 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, L/C and Credit of 30-60 days.
Note: SCs management refused to release its main clients and suppliers.
SC
is known to invest in the following companies: (According to SCs website)
Anhui Time Zonkia Science & Trade Co., Ltd. (literal translation)
Anhui
Ustc Zonkia Scientific Instruments Co., Ltd.
Anhui
Time Keju Electric Co., Ltd.
Anhui
Time Chuangxin Property Management Co., Ltd. (in Chinese pinyin)
Anhui
Time Juneng Technology Co., Ltd. (in Chinese pinyin)
Branch:
Anhui Time Technology Co., Ltd. Radiation Branch
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.
SCs management
declined to release its bank details.
SCs financial
reports were not found during our checks with the local Administration for
Industry and Commerce.
SCs management
declined to release any financial information.
SC is considered medium-sized in its line with a development history of
4 years. Taking into consideration of SCs general performance, reputation as well
as market conditions, credit up to moderate amount may be considered.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.93 |
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1 |
Rs.85.85 |
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Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
This score serves as a reference to assess SCs 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.