MIRA
INFORM REPORT
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Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
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Name : |
LOSBERGER SHANGHAI CO., LTD. |
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Registered Office : |
Bldg. 5, Xunhao Industrial Park, No. 258, Jinglian Road, Minhang District, Shanghai, 201108 Pr |
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Country : |
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Date of Incorporation : |
12.10.2000 |
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Com. Reg. No.: |
310000400248587 |
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Legal Form : |
Wholly Foreign-Owned Enterprise |
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Line of Business : |
manufacturing, selling
and leasing tents |
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No. of Employees : |
200 |
RATING & COMMENTS
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MIRA’s 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 & address
Losberger Shanghai Co., Ltd.
BLDG. 5, XUNHAO
INDUSTRIAL PARK, NO. 258, JINGLIAN ROAD,
MINHANG DISTRICT,
SHANGHAI, 201108 PR CHINA
TEL: 86 (0)
21-61611005 FAX: 86 (0) 21-64343316
EXECUTIVE SUMMARY
INCORPORATION DATE : OCT. 12, 2000
REGISTRATION NO. :
310000400248587
REGISTERED
LEGAL FORM : WHOLLY FOREIGN-OWNED enterprise
STAFF
STRENGTH : 200
REGISTERED
CAPITAL :
USD 336,000
BUSINESS
LINE :
MANUFACTURING
TURNOVER :
n/a
EQUITIES : n/a
PAYMENT : AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION : well-known
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 wholly foreign-owned enterprise at
local Administration for industry & commerce (AIC - the official body of issuing
and renewing business license) on Oct. 12, 2000.
Company Status: Wholly foreign-owned enterprise This form of business in PR
China is defined as a legal person. It is a limited co. established within
the territories of PR China with capital provided totally by the foreign
investors. More than one foreign investor may jointly invest in a wholly
foreign-owned enterprise. The investing party/parties solely exercise
management, reap profit and bear risks and liabilities by themselves. This
form of companies usually have a limited duration is extendible upon
approval of Examination and Approval Authorities.
SC’s registered
business scope includes manufacturing movable tents, shade apparatus,
components and related parts; selling and leasing its products (in accordance
with license).
SC is mainly
engaged in manufacturing, selling and leasing tents.
Mr. Friedrich
Wilhelm Losberger is chairman and legal
representative of SC at present.
SC is known to have approx. 200 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.losbergerchina.com
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
Email: tent.china@losbergerchina.com
No significant events or changes were found during our
checks with the local Administration for Industry and Commerce.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Gecheng Co., Ltd. (Literal
Translation) 30
Losberger Co., Ltd. (Literal
Translation) 70
Note: The nationality of SC’s shareholders
is not available in local AIC.
Legal
representative and Chairman:
Mr. Friedrich Wilhelm Losberger is currently responsible for the overall management of SC.
Working Experience(s):
At present Working in SC as legal representative and chairman.
General Manager:
Mr. Chen Yibin is currently responsible for the daily management of SC.
Working Experience(s):
At present Working in SC as general manager.
Director:
Matthias Christian Raff
Supervisor:
Berndt Zoepffel
SC is mainly
engaged in manufacturing, selling and leasing tents.
SC’s products
mainly include: tents for event, exhibition tents & halls, industry tents
and halls, etc.
SC sources its materials 70%
from domestic market, and 30% 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: (website
sources)
Beijing Branch
Tel:
+86 -10-6509 8236
Guangzhou Branch
Tel:
+86 -20-8550 5662
Chengdu Branch
Tel:
+86 -28-8620 3833
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 records 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, and also refused to confirm the given bank
information – KBC Bank N V Shanghai Branch.
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 12 years.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.64 |
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UK Pound |
1 |
Rs.86.42 |
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Euro |
1 |
Rs.69.29 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.