MIRA
INFORM REPORT
|
Report Date : |
14.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
anhui light industries international co., ltd. |
|
|
|
|
Registered Office : |
No.19 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2008 |
|
|
|
|
Date of Incorporation : |
07.12.2004 |
|
|
|
|
Com. Reg. No.: |
340000000004964 |
|
|
|
|
Legal Form : |
Shares Limited Company |
|
|
|
|
Line of Business : |
International Trader |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
name & address
anhui light industries international co., ltd.
no.19
TEL: 86 (0) 551-2818629 FAX: 86 (0) 551-2826319
EXECUTIVE SUMMARY
INCORPORATION DATE : december 7, 2004
REGISTRATION NO. : 340000000004964
REGISTERED LEGAL FORM : Shares limited company
STAFF STRENGTH :
360
REGISTERED CAPITAL : CNY 20,000,000
BUSINESS LINE :
trading
TURNOVER :
CNY 1,460,270,000 (AS OF DEC. 31, 2008)
EQUITIES : CNY 63,780,000 (AS OF DEC. 31,
2008)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : fairly STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.83 = USD 1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY -
SC was registered as a shares limited company at local Administration
for Industry & Commerce (AIC - The official body of issuing and renewing
business license) on december 7, 2004.
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 The minimum registered capital
of a co. is CNY 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 importing and exporting light industry, mechanical and
electrical, textile and garments and various kinds of commodities and
technology, selling crafts, needle textile, garments, grain and oil products,
general merchandise, hardware, chemical products, animal by-products, ships,
engineering machinery, automobile and spare parts, warehousing, transportation,
packing services.
SC is mainly
engaged in international trade.
Mr. Liu Xiliang
has been chairman of SC since 2004.
SC is known to
have approx. 360 employees at present.
SC is
currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Hefei. Our checks reveal that SC
owns the total premise about 3,000 square meters.
http://www.alic.com.cn
The design is professional and the content is well organized. At present the
web site is both in Chinese and English versions.
E-mail: contactus@alic.com
SC has got the certificate ISO9001.
Honors:
*To what extent is
your company affected by the current Credit Crisis?
SC’s management refuses to make any comments.
MAIN SHAREHOLDERS:
Name %
of Shareholding
Labor Union of
Jiang Bin 1.50
Li Wuyi 1.00
Dai Jian 0.80
Huang Huang 0.80
Fang Xiangdong 0.75
Yu Zhigang 0.75
Ma Jian 0.75
Li Tianfeng 0.65
Zang Yongsheng 0.60
Other 119 individuals 24.59
=================================
Address:
Tel: 86 0551-2299668
l
Chairman and CEO:
Mr. Liu Xiliang, with university education. He is currently responsible
for the overall management of SC.
Working Experience(s):
From 2004 to present Working
in SC as chairman and CEO.
SC is mainly
engaged in international trade.
Brand: LILY,
FLINGCRANE,
SC’s products
mainly include: light industrial products, arts and crafts, medicines and
health products, chemicals, machinery and electronic products, such as boats
and ships, green energy products, vehicles and construction machinery, vehicle
accessories and components, enamelware, lamps, home appliances, hardware and
tools, bicycles and parts, electronic and IT products, and ect.
SC sources its materials 100% from domestic
market, mainly
The buying terms of SC include Check, T/T and Credit of 30-60 days. The
payment terms of SC include T/T, L/C and Credit of 30-60 days.
According to SC’s website, it is known to have the following related
companies:
Anhui
Hanyuan Development Co., Ltd.
Anhui
Alic high-Tech development Co., Ltd.
Shenzhen
Hanyuan Trade Co., Ltd.
Anhui
Huayuan Property Co., Ltd.
Anhui
Hanyuan Int'l Freight Co., Ltd.
Hefei
Guangda Garments Square Business Management Co., Ltd.
Anhui
Scenery Real Estate Co., Ltd.
Guangzhou
Dingjia Technology Co., Ltd.
Anhui
Guoyuan Pawn Co., Ltd.
Anhui
Guoyuan Technology Guarantee Co., Ltd.
ALIC
HK Alic
International Ltd
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.
Balance Sheet
|
Unit: CNY’000 |
as
of Dec. 31, 2007 |
as
of Dec. 31, 2008 |
|
Cash & bank |
62,490 |
15,680 |
|
Inventory |
82,740 |
34,560 |
|
Accounts
receivable |
175,740 |
171,880 |
|
Other Accounts
receivable |
69,810 |
51,150 |
|
To be apportioned
expense |
0 |
0 |
|
Other current
assets |
32,740 |
27,810 |
|
|
------------------ |
------------------ |
|
Current assets |
423,520 |
301,080 |
|
Fixed assets net
value |
2,840 |
4,620 |
|
Projects under
construction |
0 |
0 |
|
Long term investment |
9,500 |
20,200 |
|
Other assets |
0 |
10 |
|
|
------------------ |
------------------ |
|
Total assets |
435,860 |
325,910 |
|
|
============= |
============= |
|
Short loans |
131,360 |
89,480 |
|
Accounts payable |
99,590 |
70,260 |
|
Other Accounts
payable |
11,570 |
35,840 |
|
Advances from
clients |
152,010 |
57,930 |
|
Withdraw the
expenses in advance |
0 |
0 |
|
Other current
liabilities |
-12,510 |
8,610 |
|
|
------------------ |
------------------ |
|
Current
liabilities |
382,020 |
262,120 |
|
Long term
liabilities |
0 |
0 |
|
Other
liabilities |
0 |
10 |
|
|
------------------ |
------------------ |
|
Total
liabilities |
382,020 |
262,130 |
|
Equities |
53,840 |
63,780 |
|
|
------------------ |
------------------ |
|
Total
liabilities & equities |
435,860 |
325,910 |
|
|
============= |
============= |
Income Statement
|
Unit: CNY’000 |
as of Dec. 31,
2008 |
|
Turnover |
1,460,270 |
|
Cost of goods
sold |
1,348,950 |
|
Sales expense |
66,420 |
|
Management expense |
23,850 |
|
Finance expense |
6,750 |
|
Profit before
tax |
17,910 |
|
Less: profit tax |
5,970 |
|
Profits |
11,940 |
Important
Ratios
=============
|
|
As
of Dec. 31, 2007 |
As
of Dec. 31, 2008 |
|
*Current ratio |
1.11 |
1.15 |
|
*Quick ratio |
0.89 |
1.02 |
|
*Liabilities
to assets |
0.88 |
0.80 |
|
*Net profit
margin (%) |
/ |
0.82 |
|
*Return on
total assets (%) |
/ |
3.66 |
|
*Inventory
/Turnover ×365 |
/ |
9 days |
|
*Accounts
receivable/Turnover ×365 |
/ |
43 days |
|
*Turnover/Total
assets |
/ |
4.48 |
|
* Cost of
goods sold/Turnover |
/ |
0.92 |
PROFITABILITY:
FAIRLY GOOD
l
The turnover of SC appears good in its line.
l
SC’s net profit margin is average.
l
SC’s return on total assets is fairly good.
l
SC’s cost of goods sold is fairly high, comparing
with its turnover.
LIQUIDITY: AVERAGE
l
The current ratio of SC is maintained in a normal
level.
l
SC’s quick ratio is maintained in a normal level.
l
The inventory of SC is maintained in an average
level.
l
The accounts receivable of SC appears fairly large.
l
The short-term loan of SC appears fairly large.
l
SC’s turnover is in an average level, comparing
with the size of its total assets.
LEVERAGE: FAIR
l
The debt ratio of SC is fairly high.
l
The risk for SC to go bankrupt is average.
Overall financial
condition of the SC: Fairly Stable.
SC is considered medium-sized in its line with fairly stable financial
conditions. The large amount of accounts receivable and short loans could be a
threat to SC’s financial condition. A credit line up to USD 500,000 would appear to be within SC’s
capacities.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.25 |
|
|
1 |
Rs.103.02 |
|
Euro |
1 |
Rs.81.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.