|
Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SINOHYDRO CORPORATION LTD. |
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|
|
|
Registered Office : |
Building 2, |
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Country : |
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Date of Incorporation : |
28.12.2004 |
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Com. Reg. No.: |
100000000039368 |
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Legal Form : |
Limited
Liabilities Company |
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|
|
Line of Business : |
Contracting of water conservancy and hydroelectric
engineering |
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|
|
|
No. of Employees : |
15,000 (Consolidated) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
China |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
SINOHYDRO
CORPORATION LTD. |
|
|
Building 2, No.22 Che Gong Zhuang West Road, Haidian, Beijing |
|
|
100048 |
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|
Tel : |
86 10 58382930/58384921 |
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Fax: |
-- |
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Website: |
|
Currency in this report is Chinese Yuan unless otherwise stated.
Exchange Rate: 1 USD=6.32 Chinese Yuan
"--"in this report indicates "unavailable" due to insufficient information or "no comments"
Notes
1.
Due to the recent intervention of government in the AIC
systems, reports of companies in some regions could be impacted for a certain
period, and for the companies registered in Beijing, only the basic registry
information is available. Shareholder and financial information couldn’t be
obtained.
2.
The
given telephone No. (010-58384921) is not answered.
|
DATE OF establishment |
Dec.28th, 2004 |
|
Aic Registration No. |
100000000039368 |
|
REGISTERED LEGAL FORM |
limited liabilities
company |
|
REGISTERED CAPITAL |
2,000,000,000.00 |
|
main BUSINESS |
Contracting of water conservancy and hydroelectric engineering |
|
SIC Code (China) |
4722 water conservancy and harbor engineering construction |
|
|
|
|
employees |
15,000 (consolidated) |
|
import and export permits |
yes |
|
business scale |
Large |
|
operation trend |
Average |
|
EXCHANGE RATE |
1 Usd=6.32CNY (MAY 17th, 2012) |
|
Name |
SINOHYDRO CORPORATION LTD |
|
AIC Registration Number |
100000000039368 |
|
Registered address |
Building 2, No.22 Che Gong Zhuang West Road, Haidian, Beijing |
|
Operation address |
Building 2, No.22 Che Gong Zhuang West Road, Haidian, Beijing |
|
Date of Establishment |
Dec.28th, 2004 |
|
Registry |
State Administration of Industry and Commerce |
|
Legal Representative |
Huang Baodong |
|
Registered Legal Form |
Limited liabilities company |
|
Registered Capital |
2,000,000,000.00 |
|
Operating Duration |
Dec.28th, 2004 to Dec.28th, 2054 |
|
Business Scope |
Contracting of domestic and international projects; export of
equipments and materials needed in the above projects; labor dispatching; Contracting of water conservancy and hydroelectric engineering
construction; design, consulting, supervising and technology development; Contracting of electric, road, harbor, airport, municipal and
transportation engineerings; Supplying, sales and renting of needed equipments, machineries and
building materials; Property management |
Limited liabilities co.
This form of business in PR China is
defined as a legal person. Its registered capital is contributed jointly by at
least two shareholders and no more than fifty. 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 listed as follows:
-manufacturing co. :
RMB 500,000.00
-trading &wholesaling co. :
RMB 500,000.00
-retailing co. :
RMB 300,000.00
-consultancy & service co. :
RMB 100,000.00
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 50% of the registered capital while contribution by
intangible assets must not exceed 20% 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.
REGISTRATION INFO: AVAILABLE
FINANCIAL REPORTS: AVAILABLE
|
Name |
Share percentage |
|
Sinohydro. Group, Ltd |
-- |
Background of major shareholder
|
Name |
Sinohydro. Group, Ltd |
|
Address |
No.22 Che Gong Zhuang West Road, Haidian, Beijing |
|
Tel. |
86 10 58381999 |
|
Introduction |
Public listed company with the stock code of 601669 |
No affiliate of subject is found after checking.
|
Name |
Huang Baodong |
|
Gender |
Male |
|
Title |
Chairman |
|
Other position |
Vice general manager (Power Construction Corporation of China); Vice general manager (SINOHYDRO GROUP LTD) |
|
Education |
Doctor; senior engineer |
|
National |
China |
SC’s
bank information can’t be obtained after searching through all available
channels.
|
Geographic Location |
Building 2, No.22 Che Gong Zhuang West Road, Haidian, Beijing |
|
Area |
5,000 square meters |
|
Environment and traffic |
Acceptable |
|
Property Ownership |
Unknown |
After checking with the Trademark
Office of Chinese Administration Bureau of Industry and Commerce and the State
Intellectual Office, no trademarks or patents of SC were found.
|
Main business |
Contracting of water conservancy and hydroelectric
construction engineering |
|
Products and services |
Subject is in charge of the international
business of Sinohydro Group Ltd. It has participated in the construction of
many famous international hydro power stations, airports, harbors etc. and
has accumulated high popularity. Currently, subject has developed diversified
business scope including engineering contracting and investment etc. |
|
Export |
100% |
|
Regions |
Ecuador,
Thailand, Nepal, Uzbekistan, Laos, Southeast Asia, Mid-east etc. |
|
Major overseas clients |
-- |
|
Payment terms |
L/C, T/T |
|
Subject mainly contracts
water conservancy and hydroelectric station construction engineering. It has
participated in many international projects. |
|
|
The above information was
confirmed by SC’s employee |
|
|
Main Commodities Purchased |
Switch equipments, electric equipments,
power generators, building materials |
|
Region |
Local: 80% Import: 20% |
|
Number of Major Suppliers |
More than 5 |
|
Major suppliers |
Iceman Corporation
Chongqing China; SINOHYDRO GROUP LTD |
|
Main Terms of Payment |
Local: Prompt payment; on
credit Import: L/C, T/T |
|
Subject mainly purchased equipments and
building materials needed in the contracted projects. Its suppliers are
located in and out of China. Subject chooses suppliers mainly through
biddings. |
|
|
The above information was confirmed by SC’s
employee |
|
|
Name of supplier |
Iceman
Corporation Chongqing China |
|
Main commodities and service supplied |
Ice making systems |
|
Title of interviewee |
Sales staff |
|
Telephone of Interviewee |
86-23-67091166 |
|
Cooperation |
Confirmed |
|
Payment comment |
Prompt |
|
Name of person subject to enforcement |
SINOHYDRO CORPORATION LTD |
|
Court |
People’s Court of Haidian Dist, Beijing |
|
File date |
Feb.22nd, 2011 |
|
File No. |
(2011) Hai Zhi Zi 03603 |
|
Amount |
31,610.00 CNY |
|
Status |
Closed |
|
|
|
|
Name of person subject to enforcement |
SINOHYDRO CORPORATION LTD. |
|
Court |
People’s Court of Haidian Dist, Beijing |
|
File date |
Sep.23rd, 2011 |
|
File No. |
(2011) Hai Zhi Zi 10325 |
|
Amount |
2,360.72 CNY |
|
Status |
Closed |
|
|
|
|
Name of person subject to enforcement |
SINOHYDRO CORPORATION LTD. |
|
Court |
People’s Court of Haidian Dist, Beijing |
|
File date |
Sep.22nd, 2011 |
|
File No. |
(2011) Hai Zhi Zi 10063 |
|
Amount |
40,375.17 CNY |
|
Status |
Closed |
N/A
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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.