MIRA INFORM REPORT
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Report No. : |
320647 |
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Report Date : |
06.05.2015 |
IDENTIFICATION DETAILS
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Name : |
A.H.A INTERNATIONAL
CO., LTD. |
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Registered Office : |
Jin’an Mansion, No. 306, Tunxi Road, Hefei City Anhui Province 230001 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
28.11.2001 |
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Com. Reg. No.: |
340000000027137 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Subject includes selling medical
devices three types and hazardous chemicals; import and export business
(excluding the items prohibited or limited by the country); selling
industrial chemicals, materials and products (excluding dangerous goods),
pharmaceutical raw materials, building materials, packaging materials,
machinery and electronic equipment, rubber and plastic products, hardware,
vehicles (excluding cars), soil livestock products, agricultural products,
health supplies , minerals, handicrafts, general merchandise, garments, shoes
and hats, textiles; selling food additives; warehousing and packaging
services; business information consulting services. |
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No. of Employees : |
132 |
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. In 2014 the People’s Bank of China (PBOC) doubled 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 2014 stood as the largest economy in the world, surpassing the US that year... 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. In 2014 China agreed to begin limiting carbon dioxide emissions by 2030. China implemented several economic reforms in 2014, including legislation allowing local governments to issue bonds, further opening several state-owned enterprises to private investment, loosening the one-child policy, passing harsher pollution fines, and cutting administrative red tape.
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Source
: CIA |
Company
Name and address
A.H.A INTERNATIONAL CO., LTD.
JIN’AN MANSION, NO.
306, TUNXI ROAD, HEFEI CITY
ANHUI PROVINCE 230001
PR CHINA
TEL: 86 (0) 551-64673706/64673781
FAX: 86 (0)
551-64673700/64673799
***Note: SC’s correct name should be the above
stated one, instead of the given name -
Saha International Co Ltd.
EXECUTIVE
SUMMARY
Date of Registration : november 28, 2001
REGISTRATION NO. : 340000000027137
LEGAL FORM : Limited liabilities company
REGISTERED CAPITAL : cny
18,620,000
staff : 132
BUSINESS CATEGORY :
trading
REVENUE : CNY 1,350,910,000 (AS OF)
EQUITIES : CNY 103,910,000
(AS OF DEC. 31, 2014)
WEBSITE : www.ahaint.com
E-MAIL : aha@anhuichem.com
PAYMENT : AVERAGE
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : stable
OPERATIONAL TREND :
fairly STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.20 = 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 limited liabilities company of PRC with State Administration of Industry
& Commerce (SAIC) under registration No.: 340000000027137
on November 28, 2001.
SC’s Organization Code Certificate
No.:73301637-6
SC’s Tax No.: 340111733016376
SC’s registered capital: cny 18,620,000
SC’s paid-in capital: cny 18,620,000
Registration Change Record:-
|
Date |
Change of Contents |
Before the change |
After the change |
|
2009 |
Registered Capital |
CNY 11,760,000 |
CNY 18,620,000 |
|
Shareholders (% of Shareholding) |
Xu Xuehua 20.9% Huang Guangming 15.3% Liang Qing 12.75% 12.75% Other individuals 38.3% |
Xu Xuehua 21.85% Huang Guangming 16.24% Liang Qing 14.63% Ge Min 11.82% Gao Yu 11.82% Zhang Wei
11.82% Yu Lingmin
11.82% |
|
|
Unknown |
Registration No. |
3400001003394 |
340000000027137 |
Current Co search indicates SC’s shareholders & chief executives are
as follows:-
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Name of Shareholder (s) |
% of Shareholding |
|
Xu Xuehua |
21.85 |
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Huang
Guangming |
16.24 |
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Liang Qing |
14.63 |
|
Ge Min |
11.82 |
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Gao Yu |
11.82 |
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Zhang Wei |
11.82 |
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Yu Lingmin |
11.82 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative
and Chairman |
Xu Xuehua |
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Director |
Liang Qing |
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Ge Min |
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Gao Yu |
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Huang Guangming |
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Yu Lingmin |
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Yang Jian |
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Supervisor |
Xu Bin |
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Cheng Xiaomei |
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|
Zhang Wei |
RECENT
DEVELOPMENT
SC has passed ISO 9001:2000, and was awarded as “Best Non-state-owned
Companies in Anhui Province”, and A.H.A’s brand “ZENITH” to be one of “The
Well-known Export Brands in Anhui Province”, etc.
SHAREHOLDER
CHART & BACKGROUND
Name %
of Shareholding
Xu Xuehua 21.85
Huang Guangming 16.24
Liang Qing 14.63
Ge Min 11.82
Gao Yu 11.82
Zhang Wei 11.82
Yu Lingmin 11.82
MANAGEMENT
Xu Xuehua, Legal
Representative and Chairman
--------------------------------------------------------------------------
Ø
Gender: F
Ø
Age: 60
Ø
ID# 340104195501012045
Ø Qualification:
University
Ø Working experience
(s):
From 2001 to present, working in SC as legal
representative and chairman
Also
working in Huayi Pharmaceuticals Technology (Anhui) Co., Ltd. as legal
representative
Directors
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Liang Qing ID#
320106196605042031
Ge Min ID#
310105197003092863
Gao Yu ID#
340104197309150033
Huang Guangming
Yu Lingmin ID#
34010419701102152X
Yang Jian
Supervisor
--------------
Xu Bin
Cheng Xiaomei
Zhang Wei ID# 340104197108042538
BUSINESS
OPERATION
SC’s registered business scope includes selling medical devices three types and hazardous chemicals;
import and export business (excluding the items prohibited or limited by the
country); selling industrial chemicals, materials and products (excluding
dangerous goods), pharmaceutical raw materials, building materials, packaging
materials, machinery and electronic equipment, rubber and plastic products, hardware,
vehicles (excluding cars), soil livestock products, agricultural products,
health supplies , minerals, handicrafts, general merchandise, garments, shoes
and hats, textiles; selling food additives; warehousing and packaging services;
business information consulting services.
SC is mainly
engaged in importing and exporting various commodities.
Brand: ZENITH
Main export
products: Pharmaceuticals, Chemicals, Foods & Nutriment, Rubber and Plastic
Products, Machinery & Electrical Products, Auto Parts & Accessories,
Light Industrial Products, Hardware, Metals and Mineral Products, Textile and
Garments, Daily Use Products, Building & Sanitary Products, Toys &
Gifts, Etc.
Main import
products: Fuel oil, Asphalt, Natural Rubber, Synthetic Rubber & Latex,
Daily-use Chemicals, Plastic & Textile Raw Materials, Machinery, Equipment
& Instrument, Medical Equipments & Instruments, Mineral Products, Foods
& Food additives, Fertilizer, Pesticides, Paper, Steel, Woods, Leather,
Automobiles, Etc.
SC sources its products 80% from domestic
market, and 20% from overseas market. SC sells 10% of its products in domestic
market, and 90% 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 Customers:
==============
Compound Solutions
Inc.
Dva Mexicana S.A.
De C.V.
Pharmachem
Laboratories Inc.
Prinova US LLC.
Universal Perfect
Nutrition S.A.S.
Richelieu Hardware
Ltd.
Staff & Office:
--------------------------
SC is known
to have approx. 132 staff at
present.
SC rents an area
as its operating office, but the detailed information is unknown.
RELATED
COMPANY
SC is known to have 3
subsidiaries at present:
u
Zenith International Group Co., Limited (Hong Kong)
--------------------------
Date of Registration :
April 12, 2006
Registration No. :
1037909
Legal Form : Private
u
Golden Eagle Logistics (Shanghai) Inc.
-----------------------------------------------
Date of Registration :
March 11, 2005
Registration No. :
310115001651674
Legal Form : Limited Liabilities Company
Registered Capital :
CNY 6,000,000
Address : Room 706,
Longdi Mansion, No. 1088 Liyang Road, Shanghai
Tel:
86 021-51089803
Fax:
86 021-56711559
Web:
www.jd-shipping.com
u
Huayi Pharmaceuticals Technology (Anhui) Co., Ltd.
------------------------------------------
Date of Registration :
December 8, 2006
Registration No. :
340000400003562
Legal Form : Limited Liabilities Company
Registered Capital :
CNY 44,800,000
Address : No. 11
Shanghai Road, Baohe Industrial Zone, Hefei, Anhui Province
Tel:
86 0551-3688002
Fax:
86 0551-3688002
Web:
www.huayi-pharma.com
E-mail:
huayi@huayi-pharma.com
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
AC#: 489905440708091001
FINANCIALS
Financial Summary
|
Unit: CNY’000 |
As of Dec. 31, 2014 |
|
Total assets |
507,380 |
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------------- |
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Total liabilities |
403,470 |
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Equities |
103,910 |
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Revenue |
1,350,910 |
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Cost of sales |
1,337,740 |
|
Profit before tax |
16,030 |
|
Less: profit tax |
3,560 |
|
Profits |
12,470 |
Important Ratios
=============
|
|
As of Dec. 31, 2014 |
|
*Liabilities to assets |
0.80 |
|
*Net profit margin (%) |
0.92 |
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*Return on total assets (%) |
2.46 |
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*Revenue/Total assets |
2.66 |
|
*Cost of sales / Revenue |
0.99 |
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.
l
SC’s cost of sales is fairly high, comparing with
its revenue.
LIQUIDITY: AVERAGE
l
SC’s revenue 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: Stable.
CONCLUSIONS
SC is considered medium-sized in its line with stable financial
conditions.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.52 |
|
|
1 |
Rs.95.96 |
|
Euro |
1 |
Rs.70.54 |
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.