MIRA INFORM REPORT
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Report Date : |
07.11.2014 |
IDENTIFICATION DETAILS
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Name : |
SHENZHEN SDGI OPTICAL NETWORK TECHNOLOGIES CO., LTD. |
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Registered Office : |
3/F, Block A, Penglongpan Science Park, Dafu Industry 2nd Road, Dafu Industrial Zone, Guanlan, Baoan District, Shenzhen, Guangdong Province, 518110 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
24.12.2007 |
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Com. Reg. No.: |
440301103082643 |
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Legal Form : |
Shares Limited Company |
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Line of Business : |
Subject is engaged designing, developing and selling
communication products, electrical & electronic products, embedded
software, low-voltage distribution system, high voltage distribution system,
outdoor telecommunication room, outdoor communications cabinets, automatic
monitoring system of intelligent building, power & environment monitoring
system & spare parts, metal sheet products, hardware products, antenna,
radio frequency module, radio frequency system, mobile base station’s various
products, communication component, wireless network cover products;
.integrating, repairing, installing, maintaining and testing various
precision instrument, system and equipment and related technological
consultant and services, researching, technological developing system
software and software products. |
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No. of Employees : |
500 |
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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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, growth of the private sector, development of stock markets and a modern banking system, 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 considered important to "economic security," explicitly looking to foster globally competitive industries. After keeping its currency tightly linked to the US dollar for years, in July 2005 China 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 and expanded the daily trading band within which the RMB is permitted to fluctuate. 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 2013 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 consumption; (b) facilitating higher-wage job opportunities for the aspiring middle class, including rural migrants and increasing numbers of college graduates; (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. Several factors are converging to slow China's growth, including debt overhang from its credit-fueled stimulus program, industrial overcapacity, inefficient allocation of capital by state-owned banks, and the slow recovery of China's trading partners. The government's 12th Five-Year Plan, adopted in March 2011 and reiterated at the Communist Party's "Third Plenum" meeting in November 2013, emphasizes continued economic reforms and the need to increase domestic consumption in order to make the economy less dependent in the future on fixed investments, exports, and heavy industry. However, China has made only marginal progress toward these rebalancing goals. The new government of President XI Jinping has signaled a greater willingness to undertake reforms that focus on China's long-term economic health, including giving the market a more decisive role in allocating resources.
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Source
: CIA |
Company name and address
SHENZHEN SDGI OPTICAL NETWORK
TECHNOLOGIES CO., LTD.
3/F, BLOCK A, PENGLONGPAN SCIENCE PARK, DAFU INDUSTRY 2ND
ROAD, DAFU INDUSTRIAL ZONE, GUANLAN, BAOAN DISTRICT, SHENZHEN,
GUANGDONG PROVINCE, 518110 PR CHINA
TEL: 86 (0) 755-61820398
FAX: 86 (0) 755-29469356
EXECUTIVE
SUMMARY
INCORPORATION DATE : Dec. 24, 2007
REGISTRATION NO. : 440301103082643
REGISTERED LEGAL FORM : SHARES LIMITED COMPANY
STAFF STRENGTH : 500
REGISTERED CAPITAL : CNY 77,993,800
BUSINESS LINE : Designing,
developing, MANUFACTURING and trading
TURNOVER : CNY 261,446,000 (AS OF DEC. 31, 2013)
EQUITIES : CNY 98,989,000 (AS OF DEC. 31, 2013)
PAYMENT : AVERAGE
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIRLY
stable
OPERATIONAL TREND : steady
GENERAL REPUTATION : average
EXCHANGE RATE : CNY 6.1132 =
USD 1
Note: SC is also known as
Shenzhen SDG Information Optical Network Technology Co., Ltd.
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 Dec. 24, 2007.
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 designing,
developing and selling communication products, electrical & electronic
products, embedded software, low-voltage distribution system, high voltage distribution
system, outdoor telecommunication room, outdoor communications cabinets,
automatic monitoring system of intelligent building, power & environment
monitoring system & spare parts, metal sheet products, hardware products,
antenna, radio frequency module, radio frequency system, mobile base station’s
various products, communication component, wireless network cover products;
.integrating, repairing, installing, maintaining and testing various precision
instrument, system and equipment and related technological consultant and
services, researching, technological developing system software and software
products; designing, constructing, technological servicing of related projects;
importing and exporting business (with permit if needed). Manufacturing
communication products, electrical & electronic products, embedded software, low-voltage distribution
system, high voltage distribution system, outdoor telecommunication room,
outdoor communications cabinets, automatic monitoring system of intelligent building,
power & environment monitoring system & spare parts, metal sheet
products, hardware products, antenna, radio frequency module, radio frequency
system, mobile base station’s various products, communication component,
wireless network cover products.
SC is
mainly engaged in designing, developing, manufacturing and selling
communication products.
Guo
Jianmin is legal representative and general manager of SC at present.
SC is
known to have approx. 500 employees at present.
SC is currently operating at the above stated address, and this
address houses its operating office and factory in the industrial zone of
Shenzhen. Detailed premise information is unspecified.
SC’s another business address is located in: No. 2 Kefeng Road, Science
Park, Nanshan District, Shenzhen
http://www.ontcable.com/
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-Mail: yizn@sdgi.com.cn
Changes
of its registered information:
|
Date
of change |
Item |
Before
the change |
After
the change |
|
2008-11-10 |
Registered
capital |
CNY
14,000,000 |
CNY 30,000,000 |
|
2010-9-30 |
Registered
capital |
CNY 30,000,000 |
CNY 35,510,000 |
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2011-9-21 |
Registered
capital |
CNY 35,510,000 |
CNY 50,000,000 |
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2013-12-3 |
Registered
capital |
CNY 50,000,000 |
Present Amount |
Organization code: 670021097
For the past two years there is no record of litigation.
MAIN SHAREHOLDERS:
Name Amount
(CNY) % of Shareholding
Shenzhen SDG Information Co.,
Ltd. 47,575,800 61.00
Guo Jianmin 9,514,500 12.20
Wu Jinliang 3,021,000 3.87
Lu Hao 2,353,000 3.02
Zhang Zhao 2,315,000 2.97
Liang Zhenyu 2,057,000 2.64
Other 16 Individuals 11,157,500 14.30
Shenzhen SDG Information Co., Ltd.
Reg. No.: 440301103109892
Legal representative: Wang Bao
Incorporation date: July 29,
1999
Web: www.sdgi.com.cn
Email: zhangdj@sdgi.com.cn
Tel.: 0755-26506648
Fax: 0755-26506800
The company listed in Shenzhen
Stock Exchange Market with code 000070 on May 11, 2000.
l Chairman:
Ms. Chen Hua, born in 1964, with bachelor’s degree,
economist. She is currently responsible for the overall management of SC.
Working Experience(s):
At present Working in SC as chairman
Also working in Shenzhen SDG
Information Co., Ltd. as general manager
l Legal representative & General
manager:
Guo Jianmin (郭建民) is currently responsible for
the daily management of SC.
Working Experience(s):
At present Working in SC as legal representative
and general manager
Directors:
Jiang Qinjian
Zhang Dajun
Wu Jinliang
Supervisors:
Fang Yong
Wang Yang
Ding Hong
SC is mainly
engaged in designing, developing, manufacturing and selling communication
products.
SC’s
products mainly include wiring, optical devices (PLC, connector, patchcord,
adapter, attenuator), cable, etc.
SC
sources its materials 90% from domestic market and 10% from overseas market. SC
sells 70% of its products in domestic market, and 30% to the overseas market.
Trademarks & Patents
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Registration No. |
12881942 |
8272677 |
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Registration Date |
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Trademark Design |
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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 refused to release its
major suppliers and clients.
Guangdong
SDG Information Optical Cable Co., Ltd. (literal translation)
Shenzhen SDG
Information Optical Fiber Co., Ltd. (literal translation)
Shenzhen SDGI Photoelectricity Technologies Co., Ltd.
Shenzhen Tefa Taike Communication
Technology Co., Ltd. (literal translation)
Chongqing SDG Bohua Optical Cable Co.,
Ltd. (literal translation)
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
refused to release its banking information.
Financial Summary
Unit: CNY’000
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As of Dec. 31, 2013 |
As of Dec. 31, 2012 |
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Total Liabilities |
174,353 |
160,870 |
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Shareholders equities |
98,989 |
90,160 |
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Total Assets |
273,342 |
251,030 |
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Turnover |
261,446 |
299,859 |
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Net profit |
11,829 |
21,575 |
Note: SC refused to release its detailed financial statements.
Important Ratios
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as of Dec. 31, 2013 |
as of Dec. 31, 2012 |
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*Liabilities
to assets |
0.64 |
0.64 |
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*Net
profit margin (%) |
4.52 |
7.20 |
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*Return
on total assets (%) |
4.33 |
8.59 |
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*Turnover/Total
assets |
0.96 |
1.19 |
PROFITABILITY:
AVERAGE
l
The turnover of SC appears fairly good
in its line, but it decreased in 2013.
l
SC’s net profit margin is fairly good in
2012 but average in 2013.
l
SC’s return on total assets is fairly
good in 2012 but average in 2013.
l
SC’s turnover is in an average level,
comparing with the size of its total assets.
LEVERAGE:
AVERAGE
l
The debt ratio of SC is average.
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. Taking into consideration of SC’s general performance,
reputation as well as market conditions
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.39 |
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|
1 |
Rs.98.00 |
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Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
SNT |
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.