MIRA INFORM REPORT
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Report Date : |
17.05.2013 |
IDENTIFICATION DETAILS
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Name : |
CHONGQING
MEDICAL UNIVERSITY |
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Registered Office : |
No. 1 Yixueyuan Road, Yuzhong
District, Chongqing 400016 PR |
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Country : |
China |
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Year of Establishment : |
1956 |
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Com. Reg. No.: |
150000000191 |
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Legal Form : |
Public Institution |
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Line of Business : |
Subject’s
business mainly include :
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No. of Employees : |
5,228 (Including
Teaching & Administrative Staff) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
CHINA - ECONOMIC OVERVIEW
Since the late 1970s China has moved from a closed, centrally planned system to a more market-oriented one that plays a major global role - in 2010 China became the world's largest exporter. Reforms began with the phasing out of collectivized agriculture, and expanded to include the gradual liberalization of prices, fiscal decentralization, increased autonomy for state enterprises, creation of a diversified banking system, development of stock markets, rapid growth of the private sector, and opening to foreign trade and investment. China has implemented reforms in a gradualist fashion. In recent years, China has renewed its support for state-owned enterprises in sectors it considers important to "economic security," explicitly looking to foster globally competitive national champions. After keeping its currency tightly linked to the US dollar for years, in July 2005 China revalued its currency by 2.1% against the US dollar and moved to an exchange rate system that references a basket of currencies. From mid 2005 to late 2008 cumulative appreciation of the renminbi against the US dollar was more than 20%, but the exchange rate remained virtually pegged to the dollar from the onset of the global financial crisis until June 2010, when Beijing allowed resumption of a gradual appreciation. The restructuring of the economy and resulting efficiency gains have contributed to a more than tenfold increase in GDP since 1978. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, China in 2012 stood as the second-largest economy in the world after the US, having surpassed Japan in 2001. The dollar values of China's agricultural and industrial output each exceed those of the US; China is second to the US in the value of services it produces. Still, per capita income is below the world average. The Chinese government faces numerous economic challenges, including: (a) reducing its high domestic savings rate and correspondingly low domestic demand; (b) sustaining adequate job growth for tens of millions of migrants and new entrants to the work force; (c) reducing corruption and other economic crimes; and (d) containing environmental damage and social strife related to the economy's rapid transformation. Economic development has progressed further in coastal provinces than in the interior, and by 2011 more than 250 million migrant workers and their dependents had relocated to urban areas to find work. One consequence of population control policy is that China is now one of the most rapidly aging countries in the world. Deterioration in the environment - notably air pollution, soil erosion, and the steady fall of the water table, especially in the North - is another long-term problem. China continues to lose arable land because of erosion and economic development. The Chinese government is seeking to add energy production capacity from sources other than coal and oil, focusing on nuclear and alternative energy development. In 2010-11, China faced high inflation resulting largely from its credit-fueled stimulus program. Some tightening measures appear to have controlled inflation, but GDP growth consequently slowed to under 8% for 2012. An economic slowdown in Europe contributed to China's, and is expected to further drag Chinese growth in 2013. Debt overhang from the stimulus program, particularly among local governments, and a property price bubble challenge policy makers currently. The government's 12th Five-Year Plan, adopted in March 2011, emphasizes continued economic reforms and the need to increase domestic consumption in order to make the economy less dependent on exports in the future. However, China has made only marginal progress toward these rebalancing goals.
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Source : CIA |
COMPANY NAME & ADDRESS
CHONGQING
MEDICAL UNIVERSITY
no. 1 yixueyuan
road, yuzhong district, chongqing 400016 PR CHINA
TEL: 86
(0) 23-68485000
FAX: 86
(0) 23-68485111
EXECUTIVE SUMMARY
Date of Registration : 1956
REGISTRATION NO. : 150000000191
LEGAL FORM : Public Institution
REGISTERED CAPITAL : n/a
staff : 5,228 (including
teaching & administrative staff)
BUSINESS CATEGORY : EDUCATION
Revenue : n/a
EQUITIES : n/a
WEBSITE : www.cqmu.edu.cn
E-MAIL :
xiaoban@cqmu.edu.cn
PAYMENT : not yet be determined
MARKET CONDITION :
competitive
FINANCIAL CONDITION : n/a
OPERATIONAL TREND :
FAIRLY GOOD
GENERAL REPUTATION : FAIRLY GOOD
EXCHANGE RATE : CNY 6.15 = USD
1
Adopted
abbreviations (as follows)
N/A – Not available
CNY – China Yuan Ren
Min Bi
OPERATIONAL TREND & GENERAL REPUTATION
This section aims at indicating the relative positions of Subject in
respect of its operational trend & general reputation
Operational Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not known Not
yet be determined
Not yet be determined
LEGAL STATUS & HISTORY
Subject
was established as a public institution under registration No.: 150000000191 on January
23, 1997.
Subject’s
Organization Code Certificate No.: 45040180-5
Registration Change Record:-
|
Date |
Change of Contents |
Before the change |
After the change |
|
1985 |
Company Name |
Chongqing Medical College |
Chongqing Medical University |
Current Co search indicates Subject’s superior
administrative unit & chief executives are as follows:-
|
Name of Superior Administrative Unit |
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Chongqing Municipal People's Government |
Subject’s Chief Executives:-
|
Position |
Name |
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President and Deputy Secretary
of the Party Committee |
Lei Han |
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Secretary of The Party
Committee |
Wu Xiaoling |
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Deputy Secretary of the Party
committee |
Feng Yuelin |
|
Chen Zhiyong |
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Deputy Headmaster |
Dong Zhi |
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Deng Shixiong |
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Xie Peng |
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Huang Ailong |
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|
Yang Zhu |
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|
Tian Jie |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART & BACKGROUND
Name
Chongqing Municipal People's
Government
---------------------
Web: www.cq.gov.cn
MANAGEMENT
Lei Han, President
and Deputy Secretary of the Party Committee
--------------------------------------------------------------------------------------------
Ø
Gender: M
Ø Working experience
(s):
At present, working in Subject as president
and deputy secretary of the party committee
Lei
Han, born in Chongqing, Master of Medicine, Professor, Chief Physician, PhD
Supervisor, Receiver of the Government Special Allowance of the State Council,
one of the academic and technical leaders in Chongqing Municipality.
Professor Lei Han is now President of
Subject, Deputy Secretary of CPC Chongqing Medical University Committee, Member
of Biology and Medicine Division of the 6th Science and Technology Committee of
the Ministry of Education, member of the standing committee of the third
Chongqing Municipal Political Consultative Conference, vice-chairman of Chinese
Association of Cardiovascular Physician under Chinese Medical Doctor
Association, member of the standing committee of Chinese Society of
Cardiovascular Diseases under Chinese Medical Association, vice-chairman of
Chongqing Medical Association, chairman of Society of Cardiovascular Diseases
under Chongqing Medical Association and chief editor of China Medical Education
Discovery.
Professor Lei graduated from Department
of Medicine of CQMU for his bachelor’s degree in 1982, and got his master’s
degree in the same university in June, 1987. He once again finished his
postgraduate study in China University of Politic Science and Law in Oct. 2003.
From Dec.1991 to Dec.1992，he studied at Slone-Kettering Cancer Center of
America; From Dec.1992 to Feb .1995，he engaged in advanced
studies at Massachusetts General Hospital (MGH) of Harvard University in
America. Professor Lei was appointed as vice president and then president of
the First Affiliated Hospital of CQMU. Since Sept. 2004, he has been President
of Chongqing Medical University and Deputy Secretary of CPC Chongqing Medical
University Committee.
Professor Lei has been engaged in
clinical medical service, teaching and research work of cardiovascular
diseases. He is expert in diagnosis and treatment of common and difficult
cardiovascular diseases. He has taken science and research projects at various
levels such as Natural Science Foundation of China projects and backbone
teachers’ foundation projects under the Ministry of Education. He has published
about 100 papers in important national and international academic journals and
participated in compiling 10 monographs. He has won the Third Class Prize and
the Second Class Prize of Scientific and Technological Achievements in Sichuan
Province, and the Second Class Prize of Teaching Achievements from Chongqing
Municipal Government.
Wu Xiaoling, Secretary
of The Party Committee
--------------------------------------------------------------------------
Ø
Gender: M
Ø Working experience
(s):
At present, working in Subject as secretary
of the party committee
Deputy Secretary of the Party committee
-----------------------------------------------------
Feng Yuelin
Chen Zhiyong
Deputy
Headmaster
--------------------------
Dong Zhi
Deng Shixiong
Xie Peng
Huang Ailong
Yang Zhu
Tian Jie
BUSINESS OPERATION
Subject has 4 affiliated hospitals directly
under its administration, which are all rated as 'Upper First-class Hospitals'
in China. There are more than 5,000 beds in the hospitals. The annual
outpatient visits reach 5.54 million and the annual inpatient visits 115,000.
Besides, the university has 15 teaching hospitals and other 5 affiliated
hospitals which are not directly under its administration. Other two affiliated
hospitals are now under construction.
Subject has 4
state key disciplines, namely Infectious Diseases, Pediatrics, Clinical
Laboratory Diagnosis and Neurology, as well as 29 municipal key disciplines. In
addition, it has two state key laboratories of Ministry of Education, one state
key laboratory of Chongqing and Ministry of Education, one national engineering
research center, 15 municipal key laboratories, 11 research institutes, 4
research centers and 20 research laboratories.
Subject’s business
mainly include,
Research
Construction of
Courses of Study
International
Admission and Service
Colleges &
Hospitals
Subject has been
conducting international exchanges and cooperation. So far, it has established
relationships with more than 20 countries and regions in the world for staff
training, exchange of students, academic exchanges and scientific research,
such as the United States, Britain, Canada, Japan, Russia, France, Germany,
Australia, the Netherlands, Switzerland and Hong Kong. 98 foreign medical
experts have become our visiting or honorary professors.
Staff & Office:
--------------------------
Subject
has a staff of 5,228 personnel, of which over 300 are professors and over 800
associate professors.
Subject covers an area of
2.79 million square meters, with a building area of more than 1.4 million
square meters. Subject is composed of two
campuses, Yuzhong campus in downtown area and Jingyun campus, which is under
construction, in the 'city of universities' of Chongqing. The total assets of Subject amount to 5.06 billion RMB, among which the
equipments and facilities for teaching, research and medical services are worth
983 million RMB. The library has a collection of 1.32 million books
RELATED COMPANY
The
First Affiliated Hospital of Chongqing Medical University
The
Second Affiliated Hospital of Chongqing Medical University
The
Children's Hospital of Chongqing Medical University
The
Affiliated Hospital of Stomatology
Etc.
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good ( ) Average ( ) Fair ( ) Poor (X) Not yet be determined
The appraisal serves as a reference to reveal Subject's payments habits
and ability to pay. It is based on the 3
weighed factors: Trade payment experience (through current enquiry with
Subject's suppliers), our delinquent payment and our debt collection record
concerning Subject.
Trade payment experience: Not available.
Delinquent payment record: None in our
database.
Debt collection record: No overdue amount
owed by Subject was placed to us for collection within the last 6 years.
BANKING
The bank information
of Subject is not available.
FINANCIALS
Incorporated as a university, Subject is not
requested to provide its financial reports to the local Administration for
Industry and Commerce, so its financial reports are not available at present.
CONCLUSIONS
Subject is considered a large-sized university in its line with good
background.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.83.65 |
|
Euro |
1 |
Rs.70.57 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
|
-- |
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.