MIRA INFORM REPORT
|
Report No. : |
307872 |
|
Report Date : |
27.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
sHENZHEN Skyrise
TECHNOLOGY CO., lTD. |
|
|
|
|
Registered Office : |
5/F, Building 10, No. 35 Jiaan Road, 41 Zone, Baoan Districr, Shenzhen, Guangdong Province, 518101 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Date of Incorporation : |
27.05.2003 |
|
|
|
|
Com. Reg. No.: |
440301102969345 |
|
|
|
|
Legal Form : |
Wholly Foreign-Owned Enterprise |
|
|
|
|
Line of Business : |
Subject is engaged in manufacturing and sales of electronic products. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
China |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
Company
name & address
sHENZHEN Skyrise TECHNOLOGY CO., lTD.
5/f, building 10, no. 35 jiaan road, 41 zone, baoan
districr, shenzhen, guangdong PROVINCE, 518101 PR CHINA (registered address)
TEL: 86 (0) 755-26012511
FAX: 86
(0) 755-26012468
EXECUTIVE
SUMMARY
INCORPORATION DATE : may 27, 2003
REGISTRATION NO. : 440301102969345
REGISTERED LEGAL FORM : WHOLLY FOREIGN-OWNED ENTERPRISE
CHIEF EXECUTIVE :
MR. zhou mingchun (legal representative)
STAFF STRENGTH :
n/a
REGISTERED CAPITAL : CNY
8,000,000
BUSINESS LINE :
TRADING and manufacturing
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
Unknown
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND :
steady
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.2278 = 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
Note: According to the given website and tel. no., we located SC.
Note: According to SC’s staff Mr. Zhou, the given name belongs to SC’s
related company (not registered in mainland China). The is previous, and SC is
now operating at No. 35 Jiaan Road, 41 Zone, Baoan Districr, Shenzhen,
Guangdong Province, 518101 Pr China.
SC doesn’ have export business now.
SC was registered as a limited liabilities company at local
Administration for Industry & Commerce (AIC - The official body of issuing
and renewing business license) on May
27, 2003, and has been under
present legal form since 2008.
Company Status: Wholly foreign-owned enterprise This form of business in PR China is defined as a legal
person. It is a limited co. established within the territories of PR China
with capital provided totally by the foreign investors. More than one
foreign investor may jointly invest in a wholly foreign-owned enterprise.
The investing party/parties solely exercise management, reap profit and
bear risks and liabilities by themselves. This form of companies usually
have a limited duration is extendible upon approval of Examination and
Approval Authorities.
SC’s registered business scope includes technology development of
computer network system, intelligent system, manufacture of video intercom
system, sales of own technology achievements; import and export of goods and
technology (excluding distribution).
According to SC’s website, SC is mainly engaged in manufacturing and
sales of electronic products.
Mr. Zhou Mingchun has been legal representative, executive director and
general manager of SC since 2006.
SC’s employee’s
information is unavailable at present.
SC’s staff disclosed that SC was on holiday and declined to disclose any
further information on SC. So it could not be confirmed whether the company
operates from the Registered Office address or the given location.
http://www.szskyrise.com/
The design is professional and the content is well organized. At present it is
in Chinese version.
Email: skyrise@chinaskyrise.com
For the past two years there is no record of litigation.
Changes of its
registered information are as follows:
|
Date of change |
Item |
Before the change |
After the change |
|
2004-4-6 |
Registered capital |
CNY 1,200,000 |
CNY 5,000,000 |
|
2006-5-11 |
Legal representative |
Zhang Yun |
Present one |
|
2007-11-5 |
Registered capital |
CNY 5,000,000 |
Present amount |
|
Registration no. |
4403011113828 |
Present one |
|
|
2008-2-25 |
Legal form |
Limited liabilities company |
Present one |
Organization Code: 750465499
MAIN SHAREHOLDERS:
Name %
of Shareholding
United Digital Home H.K. Group Company Limited 100
CR No.: 1193772
Company Type: Private company limited by shares
Active Status: Live
Add: Flat/D, 13F, Block 7, Peridot Court, 9 Yuchui Street, Tuen Mun, NT,
Hong Kong
Legal
Representative, executive director and general manager:
Mr. Zhou Mingchun with MBA degree. He is currently responsible for the
overall management of SC.
Working Experience(s):
From 2006 to present Working
in SC as legal representative, executive director and general manager;
Also working in Shenzhen Saixin Technology Co., Ltd. as legal
representative.
Supervisor:
Dong Shengrong
According to SC’s website, SC is mainly engaged in manufacturing and
sales of electronic products.
SC’s products mainly include: Intelligent Home Furnishing products and
Digital video indoor unit.
SC’s operating details are unavailable.
Note: SC’s major suppliers and clients are unavailable.
Trademark &
Patents
|
Registration No. |
4532447 |
4532446 |
3765923 |
|
Registration Date |
2008-2-7 |
2007-12-21 |
2005-10-21 |
|
Trademark Design |
|
|
|
China Skyrise Digital service, Inc.
========================
Email: ir@chinaskyrise.com
Website: www.chinaskyrise.com
Note: According to the information from the internet, the given name belongs
to SC’s related company (not registered in mainland China).
Shenzhen Saixin Technology Co., Ltd. (In Chinese Pinyin)
===========================
Incorporation Date: 2004-06-24
Registration No.: 440301102910626
Legal representative: Zhou Mingchun
SC is known to invest in the following company:
Shenzhen Shuxin Intelligent Electronics Co., Ltd. (In Chinese Pinyin)
===================================
Incorporation Date: 2011-12-02
Registration No.: 440301105871001
Legal representative: Wang Weibing汪卫兵
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’s bank details are not available at present.
SC’s financial information is unavailable.
SC has developed for 12 years. Due to lack of financial statements, we are
unable to determine the maximum credit limit for SC. Taking into consideration
of all the factors above, credit up to moderate amount appears acceptable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.96.24 |
|
Euro |
1 |
Rs.70.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
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 |
|
|
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 |
|
|
26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
|
|
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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
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.