MIRA INFORM REPORT
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Report No. : |
352117 |
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Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
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Name : |
SHANGHAI BAILIAN TRADING CO., LTD. |
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Registered Office : |
7th Floor, No. 1258 Zhenguang Road, Putuo District,
Shanghai 061000 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
30.04.2007 |
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Com. Reg. No.: |
310107000505027 |
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Legal Form : |
One-Person Limited Liability Company |
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Line of Business : |
Subject is engaged in selling smart cards, communications equipment
and related products, computer hardware and software and accessories, department
stores, arts and crafts, hardware, building materials, decoration materials,
metal materials, commercial vehicles and accessories, cosmetics, stationery,
clocks, glasses, photographic equipment, gold and silver jewelry, medical
devices; wholesale of prepackaged food, cigarettes, cigars, communications
equipment; ticket agent; technology development, technology transfer,
technical service and technical consultation of information, computer, and
communication equipment; design and production of advertising; exhibition
service, decoration design, industry investment, market information
consultation and investigation, enterprise management and consulting,
enterprise image planning; wholesale and retail of books and newspapers;
catering business management. |
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No. of Employee : |
218 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
Company
name and address
SHANGHAI BAILIAN
TRADING CO., LTD.
7TH FLOOR, NO. 1258 ZHENGUANG ROAD, PUTUO DISTRICT, SHANGHAI 061000 PR CHINA
TEL: 86 (0) 21-52629933
FAX: 86 (0) 21-52752222
EXECUTIVE
SUMMARY
Date of Registration : april 30, 2007
REGISTRATION NO. : 310107000505027
LEGAL FORM : One-person Limited Liability Company
REGISTERED CAPITAL :
CNY 10,000,000
staff : 218
BUSINESS CATEGORY :
TRADING
Revenue :
CNY 447,460,000 (AS OF DEC. 31, 2014)
EQUITIES :
CNY -9,820,000 (AS OF DEC. 31, 2014)
WEBSITE : N/A
E-MAIL :
N/A
PAYMENT : SLOW
MARKET CONDITION : average
FINANCIAL CONDITION : poor
OPERATIONAL TREND :
FAIR
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.39 = USD
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 one-person limited liabilities company of PRC with State
Administration of Industry & Commerce (SAIC) under registration No.: 310107000505027 on april
30, 2007.
SC’s Organization Code Certificate No.:
66070428-1
SC’s Tax No.: 310107660704281
SC’s registered capital: CNY 10,000,000
SC’s paid-in capital: CNY 10,000,000
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 |
|
Bailian E-commerce Co, Ltd. |
100 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative, Chairman
and General Manager |
Huang
Hua |
|
Director |
Yu Jiandong |
|
Qiu Yuwei |
|
|
Supervisor |
Chen
Linmei |
RECENT
DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER
CHART & BACKGROUND
Name %
of Shareholding
Bailian E-commerce Co, Ltd. 100
------------------------------
Registration No.: 310115000984178
Date of Registration: December 4, 2006
Legal Form: Limited Liabilities Company
Registered Capital: CNY 240,250,000
Legal Representative: Ye Yongming
MANAGEMENT
Huang Hua, Legal
Representative, Chairman and General Manager
------------------------------------------------------------------------------------------------
Ø Gender: M
Ø Qualification:
University
Ø Working experience
(s):
At present, working in SC as legal
representative, chairman and general manager
Director
-----------
Yu Jiandong
Qiu Yuwei
Supervisor
--------------
Chen Linmei
BUSINESS
OPERATION
SC’s registered business scope includes selling smart
cards, communications equipment and related products, computer hardware and
software and accessories, department stores, arts and crafts, hardware,
building materials, decoration materials, metal materials, commercial vehicles
and accessories, cosmetics, stationery, clocks, glasses, photographic equipment,
gold and silver jewelry, medical devices; wholesale of prepackaged food,
cigarettes, cigars, communications equipment; ticket agent; technology
development, technology transfer, technical service and technical consultation
of information, computer, and communication equipment; design and production of
advertising; exhibition service, decoration design, industry investment, market
information consultation and investigation, enterprise management and
consulting, enterprise image planning; wholesale and retail of books and
newspapers; catering business management.
SC is
mainly engaged in wholesale and retail of department store.
SC’s
products mainly include: cosmetics, stationery, clocks, glasses, photographic
equipment, gold and silver jewelry, etc.
SC sources its products 90% from domestic market, and 10% 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 T/T, L/C and Credit of 30-60 days.
Staff & Office:
--------------------------
SC is
known to have approx. 218
staff at present.
SC rents an area
as its operating office, but the detailed information is unknown.
RELATED
COMPANY
SC
is not known to have any subsidiary at present.
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 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.
BANKING
Basic Bank:
Bank
of China Shanghai Liyang Road Sub-branch
AC#:
454659696465
FINANCIALS
Financial Summary
|
Unit: CNY’000 |
As
of Dec. 31, 2014 |
|
Total assets |
122,740 |
|
|
------------- |
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Total
liabilities |
132,560 |
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Equities |
-9,820 |
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------------- |
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Revenue |
447,460 |
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Profits |
-31,960 |
Important Ratios
=============
|
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As
of Dec. 31, 2014 |
|
*Liabilities
to assets |
1.08 |
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*Net profit
margin (%) |
-7.14 |
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*Return on
total assets (%) |
-26.04 |
|
*Revenue/Total
assets |
3.65 |
FINANCIAL
COMMENTS
PROFITABILITY:
FAIR
l The revenue of SC appears fairly good in its line.
l SC’s net profit
margin is fair.
l SC’s return on
total assets is poor.
LIQUIDITY:
AVERAGE
l
SC’s revenue is in an
average level, comparing with the size of its total assets.
LEVERAGE:
POOR
l
The debt ratio of SC is high.
l
The risk for SC to go bankrupt is fairly high.
Overall financial
condition of the SC: Poor.
CONCLUSIONS
SC is considered medium-sized in its line with
poor. financial conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.81 |
|
|
1 |
Rs.100.37 |
|
Euro |
1 |
Rs.70.68 |
|
CYN |
1 |
Rs. 10.39 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
HEE |
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Report Prepared
by : |
ASH |
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 |
|
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 |
-- |
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.