MIRA INFORM REPORT
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Report No. : |
316572 |
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Report Date : |
09.04.2015 |
IDENTIFICATION DETAILS
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Name : |
RAMON SCIENCE AND
TECHNOLOGY CO., LTD. |
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Registered Office : |
No. 21 Furong Road, Zhengxiang District, Hengyang Hunan Province 421001 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
03.01.1993 |
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Com. Reg. No.: |
430400400001675 |
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Legal Form : |
Chinese-Foreign Equity Joint Venture Enterprise |
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Line of Business : |
Subject includes
researching, developing, manufacturing and selling metallurgical equipment,
industrial control products, sensors & software, instrument & meter,
computer software & hardware, and ray products, technology service,
technology transfer, technology training, and after service; researching,
developing, manufacturing and selling engineering radon prevention chemical
coating; and selling steel materials. |
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No. of Employees : |
200 |
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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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
RAMON SCIENCE AND TECHNOLOGY CO., LTD.
NO. 21 FURONG ROAD, ZHENGXIANG
DISTRICT, HENGYANG
HUNAN PROVINCE 421001
PR CHINA
TEL: 86 (0)
734-8892111/8892110/8892063
FAX: 86 (0)
734-8852098
***Note: SC’s
branch locates in the (Hunan 349 Fengshu Road Quang Street Economic And
Technologi Development Zone Changsha Hunan).
EXECUTIVE
SUMMARY
Date of Registration : JANUARY 3,
1993
REGISTRATION NO. : 430400400001675
LEGAL FORM : Chinese-foreign equity joint venture enterprise
REGISTERED CAPITAL :
CNY 30,000,000
staff : 200
BUSINESS CATEGORY :
R & D & MANUFACTURING & trading
REVENUE : CNY 148,180,000 (AS OF DEC. 31, 2014)
EQUITIES : CNY
503,900,000 (AS OF DEC. 31, 2014)
WEBSITE : www.ramon.com.cn
E-MAIL : overseas@ramon.com.cn
PAYMENT : AVERAGE
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIRLY stable
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION : average
EXCHANGE RATE : CNY
6.21 = USD 1
Adopted
abbreviations (as follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
OPERATIONAL
TREND & GENERAL REPUTATION
This section aims at indicating the relative positions of SC 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
SC was
established as a Chinese-foreign equity joint venture enterprise of PRC with
State Administration of Industry & Commerce (SAIC) under registration No.: 430400400001675 on January 3,
1993.
SC’s Organization Code Certificate
No.: 18502678-3
SC’s registered capital: CNY 30,000,000
SC’s paid-in capital: CNY 30,000,000
Registration Change Record:-
No significant changes of SC have been
noted in SAIC since its incorporation.
Current Co search indicates SC’s shareholders & chief
executives are as follows:-
|
Name of Shareholder (s) |
% of Shareholding |
|
Tian
Zhiheng |
52.8 |
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Hong Kong
Rui Man Information Technology Limited |
25 |
|
Tian Lu |
11.1 |
|
Tian Li |
11.1 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal
Representative, Chairman and General Manager |
Tian
Zhiheng |
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Director |
Zhou
Yonghui |
|
Tian
Li |
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|
Tian
Lu |
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|
Jiang
Furong |
RECENT
DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER
CHART & BACKGROUND
Name %
of Shareholding
Tian Zhiheng 52.8
Hong Kong Rui Man Information Technology
Limited 25
Tian Lu 11.1
Tian Li 11.1
Hong Kong Rui Man Information Technology
Limited
------------------------------------------------------------------
CR No.: 0903938
Legal Form: Private
Status: Live
MANAGEMENT
Tian Zhiheng, Legal
Representative, Chairman and General Manager
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Ø
Gender: M
Ø Working experience
(s):
At present, working in SC as legal
representative, chairman and general manager
Director
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Zhou Yonghui
Tian Li
Tian Lu
Jiang Furong
BUSINESS
OPERATION
SC’s registered
business scope includes researching, developing, manufacturing and selling
metallurgical equipment, industrial control products, sensors & software,
instrument & meter, computer software & hardware, and ray products,
technology service, technology transfer, technology training, and after
service; researching, developing, manufacturing and selling engineering radon
prevention chemical coating; and selling steel materials.
SC is mainly
engaged in researching, developing, manufacturing and selling metallurgical
equipment, industrial control products, etc.
SC’s
products mainly include:
RAMON
Stopper/Slide Gate Digital Control System
RAMON
Electric Mould Non-sinusoidal Oscillation System
RAMON Vibration
Ladle Slag Detection System
RAMON
Pneumatic Slag Stopping System
RAMON
BOF/EAF Slag Detection System
RAMON
Ladle Slag Detection (Multi-dimensional)
RAMON
Electromagnetic ladle slag detection system
RAMON
Automatic Powder Feeding System: Slab &Bloom
RAMON
Automatic Powder Feeding System: Billet
SC sources its materials 80% from domestic
market, and 20% from overseas market. SC sells 60% of its products in domestic
market, and 40% 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.
*Major Client*
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Siderurgica De Caldas S.A
Staff & Office:
--------------------------
SC is
known to have approx. 200 staff
at present.
SC owns an area as
its operating office and factory, but the detailed information is unknown.
RELATED
COMPANY
Ramon
Science and Technology Co., Ltd. Beijing Research Institute
Ramon
Science and Technology Co., Ltd. Hainan Branch
Ramon
Science and Technology Co., Ltd. Changsha Branch
Hunan
Ramon Science and Technology Co., Ltd.
Etc.
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet be 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’s supplier
refused to make any comments.
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.
BANKING
The bank
information of SC is not filed in local SAIC.
FINANCIALS
Financial Summary
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Unit: CNY’000 |
As of Dec. 31, 2014 |
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Total assets |
394,890 |
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Total liabilities |
-109,010 |
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Equities |
503,900 |
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As of Dec. 31, 2014 |
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Revenue |
148,180 |
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Profits |
9,180 |
Important Ratios
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As of Dec. 31, 2014 |
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*Liabilities to assets |
-- |
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*Net profit margin (%) |
6.20 |
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*Return on total assets (%) |
2.32 |
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*Revenue / Total assets |
0.38 |
FINANCIAL
COMMENTS
PROFITABILITY:
AVERAGE
l The revenue of SC appears fairly good in its line.
l SC’s net profit
margin is average.
l SC’s return on
total assets is average.
LIQUIDITY:
FAIR
l
SC’s revenue is in a
fair level, comparing with the size of its total assets.
LEVERAGE:
AVERAGE
l
The risk for SC to go bankrupt is average.
Overall financial
condition of the SC: Fairly Stable.
CONCLUSIONS
SC is considered medium-sized in its line with fairly stable
financial conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.33 |
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|
1 |
Rs.92.53 |
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Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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.