MIRA
INFORM REPORT
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Report Date : |
05.05.2012 |
IDENTIFICATION DETAILS
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Name : |
EAST-KO Electrical CONTROLLING INSTRUMENT FACTORY |
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Registered Office : |
Room 218, Xuntong Building, Guantai Road, Guancheng District, Dongguan, Guangdong Province, 523009 Pr |
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Country : |
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Date of Incorporation : |
25.11.2009 |
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Com. Reg. No.: |
441900000684075 |
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Legal Form : |
Sole Proprietorship Enterprise |
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Line of Business : |
Manufacturing, processing and selling electronic control equipment and hardware products. |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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
EAST-KO Electrical CONTROLLING INSTRUMENT FACTORY
ROOM 218, XUNTONG
BUILDING, GUANTAI ROAD, GUANCHENG DISTRICT, DONGGUAN, GUANGDONG PROVINCE,
523009 PR CHINA
TEL: 86 (0)
769-28055460/88735569
FAX: 86 (0)
769-28055450/88735592
EXECUTIVE SUMMARY
INCORPORATION DATE : NOV. 25, 2009
REGISTRATION NO. : 441900000684075
REGISTERED LEGAL FORM : Sole Proprietorship
enterprise
STAFF STRENGTH :
50
REGISTERED CAPITAL : CNY 300,000
BUSINESS LINE :
MANUFACTURING and processing
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY steady
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY
6.29 = 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
Note: The complete name of SC is the heading one.
SC was registered as a sole proprietorship enterprise at
local Administration for Industry & Commerce (AIC - The official body of
issuing and renewing business license) on Nov. 25, 2009.
Company Status: Sole Proprietorship enterprise This form of business in PR
China is a private enterprise formed by an individual, which does not have
the legal person or limited liability status. The co. is solely operated by
the sole investor who is responsible for all risks & liabilities of the
co.
SCs registered
business scope includes processing, manufacturing and selling electronic
control equipment, hardware products. (with permit if needed)
SC is mainly
engaged in manufacturing, processing and selling electronic control equipment
and hardware products.
Mr. Song
Siqing is the factory manager of SC at
present.
SC is known
to have approx. 50 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Dongguan. SCs management declined
to release the detailed information of the premise.
SCs
factory is located in Xinzhou Road, Zhongxin Road, Diyong Village, Gaobu Town,
Dongguan City, Guangdong Province.
http://www.eastko.com/
The design is professional and the content is well organized. At present it is
in Chinese and English versions.
E-mail: song@eastko.com
No significant events or changes were found during our checks with the
local AIC.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Song Siqing 100
l
Factory Manager:
Mr. Song Siqing is currently
responsible for the overall management of SC.
Working Experience(s):
At present Working
in SC as factory manager;
Also working in Xian Nishyo Non-ferrous Metal Co., Ltd. as legal
representative
SC is mainly
engaged in manufacturing, processing and selling electronic control equipment
and hardware products.
SCs products
mainly include precision CNC cabinet enclosure, industrial computer enclosure, housing
various types of electronic power supplies, test equipment enclosure,
distribution cabinet, communication cabinet, KTV amplifier system shell and
other professional sheet gold pieces, etc.
SC sources its materials 100% from domestic
market. SC sells 60% of its products in domestic market and 40% to overseas
market, mainly America, Italy, India, and Taiwan.
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include Check, T/T and Credit of 30-60 days.
Note:
SC declined to release its major suppliers and clients.
SC has no import and export right, and exports products by other trade
companies.
Xian Nishyo Non-ferrous Metal Co., Ltd.
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 banking information.
As a sole proprietorship enterprise, SC is not required to submit its
finance information to the local AIC, so its financial reports are not
available at present.
SCs management declined to release any financial information.
SC is considered small-sized in its line with a development history of 3
years. Credit dealings with SC should be confined into small amount at present.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.72 |
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1 |
Rs.86.98 |
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Euro |
1 |
Rs.70.64 |
INFORMATION DETAILS
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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 |
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NB |
New Business |
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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.