MIRA
INFORM REPORT
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Report Date : |
04.05.2012 |
IDENTIFICATION DETAILS
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Name : |
Shanghai
Pinxing explosion-proof Motor Co., Ltd. |
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Registered Office : |
No. 699, Pinxing Road, Qinggang Industrial Park, Qingcun
Town, Fengxian District, Shanghai, 201414 Pr |
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Country : |
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Date of Incorporation : |
05.06.2001 |
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Com. Reg. No.: |
310226000288656 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Engaged in
manufacturing and selling explosion-proof electric motors. |
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No. of Employees : |
300 |
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 – September 30, 2011
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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
Shanghai Pinxing explosion-proof
Motor Co., Ltd.
No. 699, pinxing road, qinggang
industrial park, qingcun town, fengxian district, shanghai, 201414 PR CHINA
TEL: 86 (0) 021-57566955/ 69006162
FAX: 86 (0) 21-57566956
EXECUTIVE SUMMARY
INCORPORATION DATE : july 5, 2001
REGISTRATION NO. : 310226000288656
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH : 300
REGISTERED CAPITAL :
CNY 38,000,000
BUSINESS LINE : MANUFACTURING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : AVERAGE
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION : well-known
EXCHANGE RATE : CNY
6.30 = USD
Adopted abbreviations
ANS - amount not
stated
NS - not stated
SC - subject
company (the company inquired by you)
NA - not available
CNY - China Yuan Renminbi
Note: the given tel. no. was wrong; while
SC’s correct tel. no. should be the heading one.
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 July 5, 2001.
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 manufacturing and selling electric motor, draught fan and air
pipe; import and export goods and technology.
SC is mainly
engaged in manufacturing and selling explosion-proof electric motors.
Ms.
Cai Danhong 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 industrial zone of
Shanghai. The detailed information of the premise is unspecified.
http://www.cn-pxfb.com The design
is professional and the content is well organized. At present it is in both
Chinese and English versions.
Email: webmaster@cn-pxfb.com
; pinxing126@126.com
No significant events or changes were found during our checks
with the local Administration for Industry and Commerce.
SC is also known as Shanghai Pinxing Flame-proof Motor Co., Ltd.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Cai Bozhang 98.68
Chen Pinde 0.13
Cai Danhong 0.13
Cai Boxi 1.06
l
Legal representative, Chairman and General manager:
Ms. Cai Danhong is currently responsible for
the overall management of SC.
Working Experience(s):
At present Working
in SC as legal representative, chairman and general manager.
l
Supervisor:
Cai Boxi
SC is mainly
engaged in manufacturing and selling explosion-proof electric motors.
SC’s products mainly
include: low pressure explosion-proof electrical machinery, low pressure
ordinary electrical machinery and low pressure frequency conversion electrical
machinery, etc.
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.
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 customer and supplier details.
SC is known to have the following branches and office:
Shanghai
Pinxing Explosion-Proof Motor Co., Ltd. Chengdu Branch
Shanghai
Pinxing Explosion-Proof Motor Co., Ltd. Nanyang Sales Branch
Shanghai
Pinxing Explosion-Proof Motor Co., Ltd. Changsha Sales Office
Etc.
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’s management
declined to release its bank details.
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 11 years. Credit up to moderate amount appears
acceptable.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.23 |
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1 |
Rs.86.14 |
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Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.