MIRA INFORM REPORT

 

 

Report Date :

24.05.2012

 

IDENTIFICATION DETAILS

 

Name :

HUIZHOU XINKEHUA INDUSTRY CO., LTD

 

 

Registered Office :

North of Jinfu Rd, Xiaojinkou Town, Huizhou City, Guangdong Province

 

 

Country :

China

 

 

Date of Incorporation :

05.08.2003

 

 

Com. Reg. No.:

441300000010233

 

 

Legal Form :

Limited Liabilities Company

 

 

Line of Business :

Manufacture and sales of storage battery parts

 

 

No. of Employees :

150

 

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 

 

HUIZHOU XINKEHUA INDUSTRY CO., LTD

No.9, Jinye St, Xiaojinkou Town, Huizhou City, Guangdong Province

516023

Tel :

86 752 2821946/ 2821909 

Fax:

86 752 2821913/2821902

E-mail:

--

Website:

http://www.xinkehua.com/

 

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"

 

Note:

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 Huizhou City, only the basic registry information is available. Shareholder and financial information couldn’t be obtained.

 

 

EXECUTIVE SUMMARY

 

DATE OF establishment

Aug.5th, 2003

Aic Registration No.

441300000010233

REGISTERED LEGAL FORM

limited liabilities company

REGISTERED CAPITAL

1,800,000.00

main BUSINESS

Manufacture and sales of storage battery parts

SIC Code (China)

3990 manufacture of other electric machineries and tools

employees

150

import and export permits

yes

business scale

Medium

operation trend

Average

EXCHANGE RATE

1 Usd=6.32CNY (MAY 21st, 2012)

                 

              

REGISTRATION

 

Name

HUIZHOU XINKEHUA INDUSTRY CO., LTD

AIC Registration Number

441300000010233

Registered address

North of Jinfu Rd, Xiaojinkou Town, Huizhou City, Guangdong Province

Operation address

No.9, Jinye St, Xiaojinkou Town, Huizhou City, Guangdong Province

Date of Establishment

Aug.5th, 2003

Registry

Administration Bureau for Industry and Commerce – Huizhou City

Legal Representative

Han Qi (韩骐)

Registered Legal Form

Limited liabilities company

Registered Capital

1,800,000.00

Operating Duration

From Jan.20th, 2005 to Jan.20th, 2015

Business Scope

Domestic trading; import and export of commodities and technologies;

Manufacture, processing and sales of electric machineries, components and related materials, storage battery manufacture and testing equipments, power source products, hardware, home appliances, storage battery

                        

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

 

N/A

                  

AFFILIATE(S)

 

No affiliate of subject is found after checking.

          

       

MANAGEMENT

 

Name

Han Qi(韩骐)

Title

Legal Representative

       

       

BANKERS INFORMATION

 

SC’s bank information can’t be obtained after searching through all available channels.         

 

      

OFFICE FACILITIES

 

Geographic Location

No.9, Jinye St, Xiaojinkou Town, Huizhou City, Guangdong Province

Area

6000 square meters

Environment and traffic

Acceptable

Property Ownership

Self-owned

                 

                 


TRADEMARKS    

 

Total trademarks

4(only the latest 3 are listed)

Registration No.

4680726

Registration date

2005-05-26

Image

 

 

Registration No.

7565057

Registration date

2009-07-23

Image

 

 

Registration No.

7565120

Registration date

2009-07-23

Image

                 

                 

PATENTS

 

Application No.

200820050073.1

Application date

Jun.28th, 2008

Patent name

Battery testing instrument

 

 

Application No.

200810240347.8

Application date

Dec.17th, 2008

Patent name

Vacuumed liquid inflation device

 

 

Application No.

 200810224653.2

Application date

Oct.22nd, 2008

Patent name

Electricity pressure data collecting system

 

 

Application No.

200820050075.0

Application date

Jun.28th, 2008

Patent name

Storage battery Charge and discharge machine

 

 

MAIN PRODUCTS & SERVICES

 

Main business

Manufacture and sales of storage battery accessories

Products and services

Subject’s products include storage battery charge and discharge machine, multi-function testing machine, acid filling machine, battery testing machine etc. According to the clients’ requirements, it also independently does R&D and manufacture business of large and medium sized storage battery production equipments and testing equipments.

Certificates

API Certification;

ISO9001:2000 Quality System Certification.

                     

           

SALES INFORMATION

 

Local sales

70%

Regions

All over China

Major domestic clients

GuangDong Taigeer Power Source Science &Technology Co;Ltd;

Guangzhou TongLi Storage Battery Co.Ltd;

HUIZHOU CITY YONGXINDA STORAGE BATTERY CO.,LTD

Payment terms

Prompt payment; on credit

Export

30%

Regions

Europe, USA etc.

Major overseas clients

International traders

Payment terms

L/C, T/T

Subject’s products are sold both domestically and internationally. With certain history, it has accumulated stable customer network.

The above information was confirmed by SC’s employee

           

PURCHASE INFORMATION

 

Main Commodities Purchased

Electrode, electronic components, production equipments

Region

Local: 100%

Import: 0%

Number of Major Suppliers

More than 5

Major suppliers

FUJIAN QUANZHOU DAHUA BATTERY CO., LTD

Main Terms of Payment

Local: Prompt payment; on credit

Subject’s materials and equipments are all purchased domestically. Its suppliers is not concentrated.

The above information was confirmed by SC’s employee

 

 

CREDIT

 

Name of supplier

FUJIAN QUANZHOU DAHUA BATTERY CO., LTD

Main commodities and service supplied

Electrode

Title of interviewee

Sales staff

Telephone of Interviewee

86-595-22034840

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

 

N/A

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.93

UK Pound

1

Rs.88.15.

Euro

1

Rs.70.88

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.