MIRA
INFORM REPORT
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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Name : |
FUJIAN MINDONG HANGYU MOTOR CO., LTD |
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Registered Office : |
No.18, Nanjiao Industrial Zone, Fu’an City, |
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Country : |
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Date of Incorporation : |
01.05.1999 |
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Com. Reg. No.: |
350900100000051 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Manufacture and sales of
electric motors |
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No. of Employees : |
260 |
RATING & COMMENTS
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MIRA’s 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 & address
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FUJIAN MINDONG
HANGYU MOTOR CO., LTD |
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Shunfa Rd, Qinxiyang Industrial Park, Fu’an,City, Ningde City, Fujian
Province. |
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355000 |
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Tel : |
86 593 6188800 |
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Fax: |
86 593 6188099 |
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Website: |
http://hy-motors.com/ |
Currency in this report is Chinese Yuan unless otherwise stated.
Exchange Rate: 1 USD=6.28 Chinese Yuan
"--"in this report indicates "unavailable" due to insufficient information or "no comments"
Notes
1.
Due to the
recent intervention of government in the AIC systems, reports of companies in
some regions could be impacted for a certain period, and for the companies
registered in Fujian, registration, shareholder, director and financial
information couldn’t be obtained. All the information in the report is from
public channels and telephone investigation.
2.
The address
provided in the order isn’t accurate. The accurate one is as listed in the
report.
EXECUTIVE
SUMMARY
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DATE OF establishment |
MAY 1ST, 1999 |
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Aic Registration No. |
350900100000051 |
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REGISTERED LEGAL FORM |
limited liabilities
company |
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REGISTERED CAPITAL |
20,000,000.00 |
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main BUSINESS |
mANUFACTURE AND SALES OF ELECTRIC MOTORS. |
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SIC Code (China) |
3912 manufacture of electric motor |
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employees |
260 |
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import and export permits |
yes |
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business scale |
Medium |
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operation trend |
Average |
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EXCHANGE RATE |
1 Usd=6.28CNY (apr 28th, 2012) |
REGISTRATION
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Name |
FUJIAN MINDONG HANGYU MOTOR CO., LTD |
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AIC Registration Number |
350900100000051 |
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Registered address |
No.18, Nanjiao Industrial Zone, Fu’an City, Ningde City, Fujian Province. |
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Operation address |
Shunfa Rd, Qinxiyang Industrial Park, Fu’an,City, Ningde City, Fujian
Province. |
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Date of Establishment |
May 1st, 1999 |
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Legal Representative |
Lv Qinghua |
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Registered Legal Form |
limited
liabilities company |
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Registered Capital |
20,000,000.00 |
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Operating Duration |
May 1st, 1999 to -- |
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 affiliates of subject company is found after
checking.
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MANAGEMENT
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Name |
Lv Qinghua |
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Title |
Legal Representative |
BANKERS
INFORMATION
SC’s
bank information can’t be obtained after searching through all available
channels.
OFFICE
FACILITIES
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Geographic Location |
Shunfa Rd, Qinxiyang Industrial Park, Fu’an,City, Ningde City, Fujian
Province. |
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Area |
50,000 square meters |
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Environment and traffic |
Acceptable |
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Property Ownership |
Self-owned |
TRADEMARKS
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Total trademarks |
15 (only the latest 3 are listed) |
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Registration No. |
6626535 |
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Registration date |
2008-03-31 |
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Image |
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Registration No. |
6671715 |
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Registration date |
2008-04-21 |
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Image |
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Registration No. |
6671716 |
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Registration date |
2008-04-21 |
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Image |
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PATENTS
After checking with the State Intellectual Office,
no patents of SC were found.
MAIN
PRODUCTS & SERVICES
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Main business |
Manufacture and sales of electric motors. |
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Products and services |
SC mainly deals with manufacture and sales of
electric motors. Its products include different kinds of electric motors. In
addition, SC also deals with manufacture and sales of generator sets and
diesel engines, etc. |
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Annual production capacity |
180,000 |
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Certificates |
lSO 9001-2000 Quality management System
Certification. |
SALES
INFORMATION
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Export |
100% |
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Regions |
Asia,
North America, South America, Middle East, Africa, etc. |
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Major overseas clients |
International
traders, retailers, industrial enterprises, etc. |
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Payment terms |
L/C, T/T |
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SC’s products are all
exported to overseas countries. With long history, it has developed stable
sales network. |
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The above information was
confirmed by SC’s employee |
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PURCHASE
INFORMATION
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Main Commodities Purchased |
Raw materials including iron, aluminum,
stainless steel, production equipoment, etc. |
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Region |
Local: 90% Import: 10% |
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Number of Major Suppliers |
More than 5 |
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Major suppliers |
XIAMEN 35.COM TECHNOLOGY CO. LTD - FUZHOU BRANCH, etc. |
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Main Terms of Payment |
Local: Prompt payment; on
credit Overseas：L/C,
T/T |
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SC’s raw materials are mainly purchased from
large-sized domestic steel factories. Some of the raw materials can be
imported according to its clients’ requests. With long history, it has stable
suppliers and abundant sources of goods. |
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The above information was confirmed by SC’s
employee |
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CREDIT
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Name of supplier |
XIAMEN 35.COM TECHNOLOGY
CO. LTD - FUZHOU BRANCH |
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Main commodities and service supplied |
Website construction service, etc. |
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Title of interviewee |
Office staff. |
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Telephone of Interviewee |
86 591 87508835 |
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Cooperation |
Confirmed. |
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Payment comment |
Good. |
LITIGATION
RECORDS
After checking with China Court organization,
the local court website and other major searching websites, no litigation record
related to subject company in the latest three years is found.
FINANCE
N/A
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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UK Pound |
1 |
Rs.85.85 |
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Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)