MIRA
INFORM REPORT
|
Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
NANTONG HEALTHCARE MACHINERY CO., LTD |
|
|
|
|
Registered Office : |
No.969, Gaonan Rd, Dingyan Town, Rugao City,
Nantong City, Jiangsu Province |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
28.08.2007 |
|
|
|
|
Com. Reg. No.: |
320682000117180 |
|
|
|
|
Legal Form : |
Limited Liabilities Company |
|
|
|
|
Line of Business : |
Manufacture of digital control cutting equipments |
|
|
|
|
No. of Employees : |
2,000 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
Company name & address
|
Nantong Healthcare Machinery Co., Ltd |
|
|
Dingyan Town, Rugao City, Nantong City, Jiangsu Province |
|
|
226521 |
|
|
Tel : |
86 513 88532596 |
|
Fax: |
86 513 88532599 |
|
E-mail: |
-- |
|
Website: |
http://cn.hkfoam.cn/ |
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"
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 Shandong Province, only the basic registry
information is available. Financial information couldn’t be obtained.
EXECUTIVE
SUMMARY
|
DATE OF establishment |
Aug.28th, 2007 |
|
Aic Registration No. |
320682000117180 |
|
REGISTERED LEGAL FORM |
limited liabilities
company |
|
REGISTERED CAPITAL |
2,000,000 |
|
main BUSINESS |
manufacture of digital control cutting
equipments |
|
SIC Code (China) |
3524 manufacture of metal cutting and welding equipments |
|
employees |
2,000 |
|
import and export permits |
yes |
|
business scale |
Large |
|
operation trend |
Average |
|
EXCHANGE RATE |
1 Usd=6.32CNY |
REGISTRATION
|
Name |
Nantong Healthcare Machinery Co., Ltd |
|
AIC Registration Number |
320682000117180 |
|
Registered address |
No.969, Gaonan Rd, Dingyan Town, Rugao City,
Nantong City, Jiangsu Province |
|
Operation address |
Dingyan Town, Rugao City, Nantong City, Jiangsu
Province |
|
Date of Establishment |
Aug.28th, 2007 |
|
Registry |
Administration Bureau for Industry and Commerce – Rugao, Nantong City |
|
Legal Representative |
Ni Zhanggen (倪张根) |
|
Registered Legal Form |
Limited liabilities company |
|
Registered Capital |
2,000,000 |
|
Operating Duration |
Aug.28th, 2007 to Aug.27th, 2027 |
|
Business Scope |
Research, manufacture and sales of digital control equipments, and
automatic controlling devices; manufacture and sales of digital control
cutting machines Import and export of commodities and technologies |
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
SHAREHOLDERS
AND SHARES
As indicated in the following table:
|
Shareholder |
Capital
Subscribed |
Percentage |
|
Ni Zhanggen |
1,740,000.00 |
87% |
|
Wu Xiaofeng |
260,000.00 |
13% |
|
Total |
2,000,000.00 |
100% |
|
Shareholder |
Way
of Investment |
Paid-up
Percentage |
|
Ni Zhanggen |
Capital |
100% |
|
Wu Xiaofeng |
Capital
|
100% |
AFFILIATE(S)
No affiliate of subject is found after checking.
MANAGEMENT
|
Name |
Ni Zhanggen |
|
Gender |
Male |
|
Title |
Executive director; general manager |
|
Date of birth |
Mar.31st, 1975 |
|
|
|
|
Name |
Wu Xiaofeng |
|
Gender |
Male |
|
Title |
Supervisor |
|
Date of birth |
Jan.15th, 1966 |
BANKERS INFORMATION
|
Bank name |
Agricultural Bank of China – Rugao sub-branch,
Nantong City |
|
Account No. (CNY) |
-- |
|
Tel |
86 513 87513792 |
|
Source of information |
The bank staff confirmed subject holds an account
in the above bank, but refused to disclose its account information. |
OFFICE FACILITIES
|
Geographic Location |
Dingyan Town, Rugao City, Nantong City, Jiangsu
Province |
|
Area |
40,000 square meters |
|
Environment and traffic |
Acceptable |
|
Property Ownership |
Self-owned |
TRADEMARKS
|
Registration No. |
6577617 |
|
Registration date |
Mar.4th, 2008 |
|
Image |
|
|
|
|
|
Registration No. |
6577618 |
|
Registration date |
Mar.4th, 2008 |
|
Image |
|
PATENTS
|
Total patents |
17 (only the latest 3 are listed) |
|
Application No. |
201120057188.5 |
|
Application date |
Mar.7th, 2011 |
|
Patent name |
Cutting machine |
|
|
|
|
Application No. |
201110308440.X |
|
Application date |
Oct.13th, 2011 |
|
Patent name |
Cutting machine |
|
|
|
|
Application No. |
201020517563.5 |
|
Application date |
Sep.6th, 2010 |
|
Patent name |
Cutting machine |
MAIN
PRODUCTS & SERVICES
|
Main business |
Manufacture and sales of digital control cutting equipments |
|
Products and services |
Subject’s roducts include different types of digital control cutting
machines that are used in cutting procedure of sponge, emulsion etc. |
|
Monthly production capacity |
More than 10 sets |
|
Certificates |
API Certification; ISO9001:2000 Quality System Certification |
SALES
INFORMATION
|
Local sales |
70% |
|
Regions |
All
over China |
|
Major domestic clients |
SHANGHAI LIANDA SPONGE CO. LTD; DONGGUAN ZHENFENG INDUSTRY CO. LTD; SHANGHAI XINYUAN SPONGE CO. LTD; GUANGZHOU HONGCHANG PLASTIC FOAM PRODUCT
CO. LTD |
|
Payment terms |
Prompt payment; on credit |
|
Export |
30% |
|
Regions |
Asia,
Europe; America etc. |
|
Major overseas clients |
International
distributors |
|
Payment terms |
L/C, T/T |
|
Subject’s products are
mainly sold to domestic manufacturers and international traders. It has
accumulated certain customer network. |
|
|
The above information was
confirmed by SC’s employee |
|
PURCHASE
INFORMATION
|
Main Commodities Purchased |
Steel sheets; machinery components;
production equipments |
|
Region |
Local: 100% Import: 0% |
|
Number of Major Suppliers |
More than 5 |
|
Major suppliers |
SHANGHAI MAIXIZE EQUIPMENT
TESTING TECHNOLOGY SERVICE CO. LTD; ZHONGQI POWER TECHNOLOGY CO. LTD –
NANTONG BRANCH |
|
Main Terms of Payment |
Local: Prompt payment; on
credit |
|
Subject’s raw materials and equipments are
mainly purchased domestically. Its purchasing region is wide. |
|
|
The above information was confirmed by SC’s
employee |
|
CREDIT
|
Name of supplier |
SHANGHAI
MAIXIZE EQUIPMENT TESTING TECHNOLOGY SERVICE CO. LTD |
|
Main commodities and service supplied |
CE authentication |
|
Title of interviewee |
Office staff |
|
Telephone of Interviewee |
86 21 54971280 |
|
Cooperation |
Confirmed |
|
Payment comment |
Prompt |
LITIGATION
RECORDS
After checking with China Court organization,
the local court website and other major searching websites, no litigation
record related to subject company in the latest three years is found.
FINANCE
Subject’s financial is unavailable
through the AIC channels. According to its staff, subject’s business scale is
large and its annual sales volume can reach 100 million CNY.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.86.84 |
|
Euro |
1 |
Rs.70.21 |
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.