MIRA
INFORM REPORT
|
Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHANGHAI BIOTIO IMPORT & EXPORT CO., LTD.
|
|
|
|
|
Registered Office : |
5a & 5e,
Modern Communication Building, No. 201 New Jinqiao Road, Golden Bridge E. P. Z.,
Pudong New Area, Shanghai, 201206 Pr |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.11.2010 |
|
|
|
|
Date of Incorporation : |
10.05.2002 |
|
|
|
|
Com. Reg. No.: |
310115000675074 |
|
|
|
|
Legal Form : |
Limited Liabilities Company |
|
|
|
|
Line of Business : |
International
Trade |
|
|
|
|
No. of Employees : |
07 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
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
shanghai biotio import & export co., ltd.
5a & 5e, modern
communication building, no. 201 new jinqiao road, golden bridge e. p. z.,
pudong new area, shanghai, 201206 PR CHINA
TEL: 86 (0)
21-50323260/50323261 FAX: 86 (0)
21-50323263
EXECUTIVE SUMMARY
INCORPORATION DATE : may 10, 2002
REGISTRATION NO. : 310115000675074
REGISTERED LEGAL
FORM : Limited liabilities company
STAFF STRENGTH : 7
REGISTERED CAPITAL : CNY 10,000,000
BUSINESS LINE : trading
TURNOVER : CNY 11,610,000 (Jan.
1 to nov. 30, 2010)
EQUITIES :
CNY 1,070,000 (AS OF nov. 30, 2010)
PAYMENT :
AVERAGE
MARKET CONDITION : average
FINANCIAL CONDITION : fairly STABLE
OPERATIONAL TREND : fairly STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
CNY 6.30=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 limited liabilities company at local Administration
for Industry & Commerce (AIC - The official body of issuing and renewing
business license) on May 10, 2002.
Company Status: Limited liabilities co. This form of business in PR China
is defined as a legal person. No more than fifty shareholders contribute
its registered capital jointly. 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 CNY 30,000. 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 30% 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.
SC’s registered business
scope includes operating and acting as an agent of importing and exporting
various kinds of commodities and technology, excluding the goods forbidden by
the government, selling hardware, general merchandise, textiles,
telecommunications equipment, chemical raw materials, construction materials,
arts and crafts, related business consultation service.
SC is mainly
engaged in international trade.
Mr. Mao Jian has
been chairman and general manager of SC since 2002.
SC is known to
have approx. 7 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Shanghai. Our checks reveal that SC
rents the total premise, but the gross area is unspecified.
SC
is not known to host web site of its own at present.
SC’s former registered capital was CNY 1,000,000, and it has
been increased to the present amount.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Mao Jian 60
Mao Chuanguo 40
Chairman and
General Manager:
Mr. Mao Jian is currently responsible for the overall management of SC.
Working Experience(s):
From 2002 to present Working
in SC as chairman and general manager
SC is mainly
engaged in international trade.
SC’s products
mainly include: titanium dioxide, aluminum paste, biocides, lithopone, and
barium sulfate.
SC sources its materials 100% from domestic
market, mainly Shanghai. SC sells 40% of its products in domestic market, and
60% to overseas market, mainly Southeast Asian market.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include T/T, L/C and Credit of 30-60 days.
Note: SC refused to release its main suppliers and customers.
SC
is not known to have any subsidiary at present.
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.
SC declined to release
its bank details.
Balance Sheet
|
Unit: CNY’000 |
as
of Dec. 31, 2009 |
as
of Nov. 30, 2010 |
|
Cash & bank |
250 |
1,230 |
|
Inventory |
560 |
770 |
|
Accounts
receivable |
560 |
-250 |
|
Other Accounts receivable |
140 |
160 |
|
To be
apportioned expense |
0 |
0 |
|
Other current
assets |
10 |
60 |
|
|
------------------ |
------------------ |
|
Current assets |
1,520 |
1,970 |
|
Fixed assets net
value |
0 |
0 |
|
Projects under
construction |
0 |
0 |
|
Long term
investment |
0 |
0 |
|
Other assets |
0 |
0 |
|
|
------------------ |
------------------ |
|
Total assets |
1,520 |
1,970 |
|
|
============= |
============= |
|
Short loans |
0 |
0 |
|
Accounts payable |
-370 |
-1,510 |
|
Other Accounts
payable |
0 |
0 |
|
Advances from
clients |
810 |
1,850 |
|
Withdraw the
expenses in advance |
0 |
0 |
|
Other current
liabilities |
0 |
10 |
|
|
------------------ |
------------------ |
|
Current
liabilities |
440 |
350 |
|
Long term
liabilities |
0 |
540 |
|
Other liabilities |
0 |
10 |
|
|
------------------ |
------------------ |
|
Total
liabilities |
440 |
900 |
|
Equities |
1,080 |
1,070 |
|
|
------------------ |
------------------ |
|
Total
liabilities & equities |
1,520 |
1,970 |
|
|
============= |
============= |
Income Statement
|
Unit: CNY’000 |
Jan.
1 to Nov. 30, 2010 |
|
Turnover |
11,610 |
|
Cost of goods
sold |
10,660 |
|
Sales expense |
780 |
|
Management expense |
280 |
|
Finance expense |
10 |
|
Other income |
116 |
|
Profit before
tax |
-4 |
|
Less: profit tax |
0 |
|
Profits |
-4 |
Important
Ratios
=============
|
|
As of Dec. 31, 2009 |
As of Nov. 30, 2010 |
|
*Current ratio |
3.45 |
5.63 |
|
*Quick ratio |
2.18 |
3.43 |
|
*Liabilities
to assets |
0.29 |
0.46 |
|
*Net profit
margin (%) |
/ |
-0.03 |
|
*Return on
total assets (%) |
/ |
-0.20 |
|
*Inventory
/Turnover ×365 |
/ |
25 days |
|
*Accounts
receivable/Turnover ×365 |
/ |
/ |
|
*Turnover/Total
assets |
/ |
5.89 |
|
* Cost of
goods sold/Turnover |
/ |
0.92 |
PROFITABILITY:
FAIR
l
The turnover of SC appears average in its line.
l
SC’s net profit margin is fair.
l
SC’s return on total assets is fair.
l
SC’s cost of goods sold is fairly high, comparing with
its turnover.
LIQUIDITY: AVERAGE
l
The current ratio of SC is maintained in a fairly
good level.
l
SC’s quick ratio is maintained in a fairly good
level.
l
The inventory of SC is maintained in an average
level.
l
The accounts receivable of SC is maintained in an
average level in 2009
l
SC has no short-term loan in 2009.
l
SC’s turnover is in a fairly good level, comparing
with the size of its total assets.
LEVERAGE: AVERAGE
l
The debt ratio of SC is low.
l
The risk for SC to go bankrupt is average.
Overall financial
condition of the SC: Fairly stable.
SC is considered small-sized in its line with fairly stable financial
conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.93 |
|
UK Pound |
1 |
Rs.85.85 |
|
Euro |
1 |
Rs.69.94 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.