MIRA
INFORM REPORT
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Report Date : |
17.05.2012 |
IDENTIFICATION DETAILS
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Name : |
ZHUJI ZOJE DAYU MACHINERY CO., LTD. |
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Registered Office : |
Li Village (No. 2), |
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Country : |
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Date of Incorporation : |
30.11.2011 |
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Com. Reg. No.: |
330681000122867 |
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Legal Form : |
One-Person Limited Liability Company |
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Line of Business : |
manufacturing and selling
computerized embroidery machine, sewing equipment and accessories |
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No. of Employees : |
110 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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
ZHUJI ZOJE DAYU
MACHINERY CO., LTD.
LI VILLAGE (NO. 2), HUANDONG STREET, ZHUJI
CITY,
ZHEJIANG PROVINCE 311800 PR CHINA
TEL: 86 (0)
575-87393886/87393266 FAX: 86 (0)
575-87391166/87393266
EXECUTIVE SUMMARY
INCORPORATION DATE : NOV. 30, 2011
REGISTRATION NO. : 330681000122867
REGISTERED LEGAL
FORM : ONE-PERSON LIMITED LIABILITY COMPANY
STAFF STRENGTH : 110
REGISTERED CAPITAL :
CNY 5,000,000
BUSINESS LINE : MANUFACTURING
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 6.32= 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 Ren Min Bi
SC was registered as one-person limited liability company at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on Nov. 30, 2011.
Company
Status: One-person Limited
Liability Company Single person LLC refers to a
limited liability company set up by only one natural person or legal person
as the single shareholder of it. The minimum registered capital
of Single person LLC is CNY100,000. The shareholder’s capital contributes,
as set out by the articles of associations should be a lump-sum payment in
full. One natural person can only
invest in and set up one limited liability company, which is not permitted
to invest in and set up a new Single person LLC. As to any one-person limited
liability company, the sole-investor nature of the natural person or legal
person shall be indicated in the registration documents of the company and
shall be indicated in the business license thereof as well. The regulation of Single person
LLC should be set up by the shareholder The regulation of Single person
LLC has no shareholder meeting.
SC’s registered business scope includes manufacturing computerized embroidery
machine, sewing equipment and accessories; selling self-made products; import
and export business (excluding imported goods distribution business).
SC is mainly
engaged in manufacturing and selling computerized embroidery machine, sewing
equipment and accessories.
Mr. Chen Xuejun is
the legal representative and chairman of SC at present.
SC is known
to have approx. 110 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 Zhuji. SC’s accountant
refused to release the detailed information of the area.
SC is not known to host website of its own at present.
According to SC’s accountant, SC started its normal business in February
of 2012.
No significant changes were found during our checks with local AIC.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Zoje Dayu Machinery Co., Ltd. 100
Legal representative: Chen Xuejun
Registration No.: 330400400008132
Incorporation date: Oct. 19, 2006
Website: http://www.chinadayu.com/
Add: No. 1, Chuangye Road, Hardware
Industrial Zone, Dushan’Gang Town, Pinghu, Zhejiang Province
Tel: 86
(0) 573-85855500
Fax: 86
(0) 573-85857111
Legal
representative and Chairman:
Mr. Chen Xuejun is currently responsible for the overall management of SC.
Working
Experience(s):
At present Working in SC as legal representative and chairman;
Also working in Zoje Dayu Machinery Co., Ltd., Zhejiang Dayu Electromechanical Manufacture Co., Ltd. as legal
representative and chairman
Manager:
Mr. Zhan Yong is currently responsible for the daily management of SC.
Working
Experience(s):
At present Working in SC as manager
Supervisor:
……………
Jiang Long
SC started its normal business in February of 2012.
SC is mainly engaged
in manufacturing and selling computerized embroidery machine, sewing equipment
and accessories.
SC’s products
mainly include computerized embroidery machine (DYG-high speed common flat
series, DYL-chain & towel embroidery series, DYP-common flat series,
DYQ-household series, DYS-cording & chenille embroidery series, etc.), etc.
SC sources its
materials 100% from domestic market. SC sells 40% of its products in domestic
market and 60% to overseas market.
The buying terms of SC include Check, T/T 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 major clients and suppliers.
Zhejiang
Dayu Electromechanical Manufacture 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.
SC’s management
declined to release its banking information.
Established in November of 2011 and started its normal business in February
of 2012, SC’s financial reports are not available at present.
Established in November of 2011, SC started its normal business in
February of 2012.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.29 |
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UK Pound |
1 |
Rs.86.61 |
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Euro |
1 |
Rs.68.87 |
INFORMATION DETAILS
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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.