MIRA INFORM REPORT
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Report Date : |
06.09.2013 |
IDENTIFICATION DETAILS
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Name : |
UNITED WINNERS LASER CO., LTD. |
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Registered Office : |
7/F, Building 1, District 2, South Zone,
Honghualing, Industrial Park, Xili Town, Nanshan District, Shenzhen,
Guangdong Province, 518055 Pr |
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Country : |
China |
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Date of Incorporation : |
22.09.2005 |
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Com. Reg. No.: |
440301103126932 |
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Legal Form : |
Shares Limited Company |
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Line of Business : |
Subject is
engaged in researching, developing, manufacturing and selling precision laser
welding equipment including Laser welding machine, Standard workbench, and
Non Standard workbench. |
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No. of Employees : |
200 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 2013
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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
United Winners Laser Co., Ltd.
7/F, Building 1,
district 2, south zone, Honghualing
Industrial Park,
XILI TOWN, Nanshan District, Shenzhen,
GuangdoNg PROVINCE,
518055 PR CHINA
TEL: 86 (0)
755-26544079/26544069 FAX: 86 (0)
755-86000416
EXECUTIVE SUMMARY
INCORPORATION DATE : SEP. 22, 2005
REGISTRATION NO. : 440301103126932
REGISTERED LEGAL FORM :
SHARES LIMITED CO.
CHIEF EXECUTIVE : mr. han jinlong (CHAIRMAN)
STAFF STRENGTH : 200
REGISTERED CAPITAL :
cny 66,000,000
BUSINESS LINE : R & D,
Manufacturing, SELLING
TURNOVER : N/A
EQUITIES : N/A
PAYMENT : AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.12 = 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
SC was registered as a Limited liabilities co. at local Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license) on Sep. 22, 2005, and has been under present legal form since Sep. of 2011.
Company Status: Shares limited co. This form of business in PR
China is defined as a legal person. Its registered capital is divided into
shares of equal par value and the co. raises capital by issuing share
certificates by promotion or by public offer. Shareholders bear limited
liability to the extent of shareholding, and the co. is liable for its
debts only to the extent of its total assets. The co has independent
property of legal person and enjoys property rights of legal person. The characteristics of the shares limited co. are as
follows: The establishment of the co.
requires at least two promoters and no more than 200, half of whom shall be domiciled
in China.. Natural person are allowed to
serve as promoters. The minimum registered capital
of a co. is CNY 5M. while that of the co. with foreign investment is CNY
5M. The total capital of a co. which propose to apply for publicly listed
must be no less than CNY 30M. The board of directors must
consist of five to nineteen directors. If the co. raises
capital by public offer, the promoters must not subscribe less than 35% of
the total shares. the promoters’ shares are restricted to transfer- within
one year of the offer. A
state-owned enterprise that is restructured into a shares limited co. must
comply with the conditions & requirements specified under the law &
administrative rule.
SC’s registered business scope includes researching, developing, selling and leasing of laser equipment and related
products, electromechanical integration equipment; assembling, selling and
leasing of laser welding machines, laser cutting machine, laser (subject to
fire inspection after passing operating); domestic trade (excluding franchised,
the controlled and monopolized goods); import and export business of goods and
technology (excluding distribution, state monopoly controlled goods).
SC is mainly
engaged in researching, developing, manufacturing and selling precision laser
welding equipment.
Mr.
Han Jinlong is legal representative and chairman of SC from
2008.
SC is
known to have approx. 200 employees at present.
SC is currently operating at the above stated address, and
this address houses its operating office in the industrial zone of Shenzhen. Detailed information of the premise is
unspecified.
SC houses its production base in
1/2/3/F, Building 4, District 2, South Zone, Honghualing Industrial Zone, (Xili
Town), Liuxian Avenue, Nanshan District, Shenzhen
http://uwlaser.com/ The design is
professional and the content is well organized. At present it is in both
Chinese and English versions.
E-mail: sales@uwlaser.com
Changes of its
registered information are as follows:
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Date
of change |
Item |
Before
the change |
After the change |
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2007-3-5 |
Registered Capital |
CNY 500,000 |
CNY 5,500,000 |
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2008-1-14 |
Legal Rep. |
Yang Shaochen |
Present one |
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Registered Capital |
CNY 5,500,000 |
CNY 7,847,050 |
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Registration No. |
4403012189870 |
Present one |
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2010-4-29 |
Registered Capital |
CNY 7,847,050 |
CNY 10,125,218 |
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2011-9-7 |
Company’s Chinese Name |
深圳市联赢激光设备有限公司 |
Present one |
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Registered Capital |
CNY 10,125,218 |
CNY 63,000,000 |
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Legal Form |
Limited liabilities co. |
Present one |
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2011-10-28 |
Registered Capital |
CNY 63,000,000 |
Present amount |
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For the past two years there is no record of litigation.
MAIN SHAREHOLDERS:
Name
%
of Shareholding
Han Jinlong 25.13
Shenzhen Merchants Bureau Technology Investment Co., Ltd. (literal translation) 11.75
Li Yongliang 9.89
Niu Zengqiang 9.61
Changzhou Lihe Venture Capital
Co., Ltd. (literal translation) 8.59
Shenzhen Changying Investment
Co., Ltd. (literal translation) 5.91
Shenzhen Nanshan District
Science and Technology Innovation Service Center 5.19
Shenzhen Century Jinma Venture
Capital Enterprise (Limited Partnership) 5.01
Other Shareholders 18.92
Shenzhen Merchants Bureau Technology Investment Co., Ltd. (literal translation)
===========================================================
Registration No.: 440301103410963
Incorporation Date: 1995-12-20
Chairman: Yang Baiqian
Legal
Representative, Chairman and General Manager:
Mr. Han Jinlong is currently responsible for the overall and daily management of SC.
Working
Experience(s):
From 2005 to present Working in SC as general manager.
From 2008 to present Working in SC as legal representative and chairman.
Also working in United Winners Laser Co., Ltd. Gongming
Branch as principal.
*Officials:
=======
Name Title
Wang Xuelei Supervisor
Cai Baili Supervisor
Yang Jiankang Supervisor
Niu Zengqiang Director
Zeng Shiquan Director
Liu Jianyun Director
Liu Liquan Director
Fan Qing Director
Liu Ping Director
SC is mainly
engaged in researching, developing, manufacturing and selling precision laser
welding equipment.
SC’s products mainly include: Laser welding machine, Standard workbench,
and Non Standard workbench.
SC sources its materials 95% from domestic
market and 5% from overseas market. SC sells 90% of its products in domestic
market, and 10% to overseas market.
The buying terms of SC include Check, T/T, L/C 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 major clients and suppliers.
According to SC’s
website:
Distributor in Taiwan:
J&T Technology Corp.
Add.: No.852-2, Sec. 2, Huanjhong Rd., Situn District, Taichung
City 407, Taiwan (R.O.C.)
Cell phone: (886) 933-533506 (Mr. Cheng )
E-mail: ryan@jttech.com.tw
Office Tel: (886) 4-27061412
Office Fax: (886) 4-27067448
Web: www.jttech.com.tw
Distributor in South Korea:
YESLASER Corporation
Add: 204Ho, Daeryung Techno-Town3, 448 Gasan-Dong, Geumchun-Gu,
Seoul, 153-772 Korea
Tel.: + 82-2-2107-7177
Fax: + 82-2-2107-7377
E-mail: yes@yeslaser.com
Web: www.yeslaser.com
Distributor in Malaysia:
Tecxin Industry Sdn. Bhd.
Add: E-3A-26, IOI Boulevard, Jalan Kenari 6, Bandar Puchong Jaya,
47100 Puchong, Selangor, Malaysia.
Tel: +6 03-8071 7711
Fax: +6 03-8071 7722
E-mail: tecxin@gmail.com
Distributor in Philippines:
Center Industrial Supply Corporation
Add: 10 South AA Street, Quezon City 1103 Philippines
Tel: +63 2 3739651 Fax: +63 2 3734211
Email: joshgatchalian@centerindustrial.com
Distributor in Germany:
LASER on demand GmbH
Add: Industriestraße 1 30855 Langenhagen Germany
Tel: +49 511 76 358 460
Fax: +49 511 76 358 462
Mobile: +49 173 6139 525
Email: om@laser-on-demand.de
Agent in India:
Meera Laser solutions
Add: #9, II floor, vivek nager,cholapuram main road,Ambattur,Chennai_600053,India.
Tel- +91-44-26580390.
Mobile: 919 840 400 396
Email: info@meeralaser.com
Web: www.meeralasers.com
U.S.A. Representative Office:
Add: 17 Springwood Meadows Dr, Ballston Spa, NY 12020, USA
Tel: 001-518-879 3429
Email: vantreesea@msn.com
United Winners Laser Co., Ltd.
Gongming Branch
================================
Registration No.: 440301105842426
Incorporation Date: 2011-11-21
Principal: Han Jinlong
SC also has several offices in domestic market, such as Beijing
Office, Tianjin Office, Jinan Office, Wuxi Office, etc.
Etc.
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 declined to
release its bank details.
SC’s management declined to release any financial information.
SC is considered medium-sized in its line with 8 years
development history. Taking into consideration of SC’s market conditions and development
history, we would rate SC as an average credit risk company.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.04 |
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UK Pound |
1 |
Rs.103.11 |
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Euro |
1 |
Rs.86.99 |
INFORMATION DETAILS
|
Report Prepared by
: |
MNL |
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.