MIRA INFORM REPORT
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Report Date : |
18.05.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
YUEQING OUYUAN ELECTRICAL CO., LTD. |
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Registered Office : |
No. 1, Lane 224, East Ningkang Road, Yuecheng
Town, Yueqing, Wenzhou,
Zhejiang Province, 325000 Pr |
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Country : |
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Date of Incorporation : |
27.10.2010 |
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Com. Reg. No.: |
330382000138601 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Manufacturing and Selling Electric
Appliances |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
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Status : |
Moderate |
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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
YUEQING OUYUAN ELECTRICAL
CO., LTD.
NO. 1, LANE 224, EAST NINGKANG ROAD, YUECHENG
TOWN,
YUEQING, WENZHOU, ZHEJIANG PROVINCE, 325000 PR
CHINA
TEL: 86 (0)
577-27810529/62560102/18858770218 FAX: 86 (0)
577-27837793
EXECUTIVE SUMMARY
INCORPORATION DATE : OCT. 27, 2010
REGISTRATION NO. : 330382000138601
REGISTERED
LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF
STRENGTH : 20
REGISTERED CAPITAL :
CNY 300,000
BUSINESS LINE : MANUFACTURING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : C.O.D. TO SMALL AMOUNT
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.49 = 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 given name should be “Ansun International Holdings Ltd.” which belongs to a Hong Kong registered company, and SC uses it as trade name; the said company is managed by the same management team as SC. The given mobile phone number 86 18858770218 belongs to SC’s general manager Mr. Xie Ruijing.
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 Oct. 27, 2010.
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, processing and selling power distribution
switch control equipment, cable accessories, wire and cable connector,
intelligent appliances, electric power, high and low voltage electric apparatus
hardware and equipment; importing and exporting various goods and technology.
SC is mainly engaged in manufacturing and
selling electric appliances.
Mr. Xie Ruijing has been legal representative
and chairman of SC since 2010.
SC is known to have approx. 20
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 Yueqing. Our checks reveal that SC rents the total premise about 2,800 square meters.
SC is not known to
host website of its own at present.
SC was taken into
operation at the end of 2010.
MAIN SHAREHOLDERS:
Name % of Shareholding
Xie Ruijing ID# 330327198209030956
50
Gu LiID# 330382198402210347 40
Gu Zhihai ID# 33038219900203043X 10
l
Legal
Representative, Chairman
and General Manager:
Mr. Xie Ruijing,
born in 1982, with university education. He is currently responsible for the
overall management of SC.
Working Experience(s):
From 2010 to present Working in SC as chairman, legal representative and general manager.
SC is mainly engaged in manufacturing and
selling electric appliances.
SC’s products mainly include composite insulators,
connector.
SC was taken into
operation at the end of 2010.
SC sources its materials 100% from domestic market. SC sells 80% of its
products in domestic and 20% to the overseas market, mainly Europe and India.
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 main clients and suppliers.
Ansun International Holdings Ltd. (Hong Kong)
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Registered number: 1146997
Incorporated date: Jul. 5, 2007
Legal form: Private
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.
Incorporated in
Oct., 2010 and taken into operation at the end of 2010, SC’s financial reports
are not available at present.
SC is considered
small-sized in its line with a short operating history. Credit dealings with SC
are recommended under secured terms.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.38 |
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UK Pound |
1 |
Rs.86.57 |
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Euro |
1 |
Rs.69.30 |
INFORMATION DETAILS
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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.