MIRA INFORM REPORT
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Report No. : |
321561 |
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Report Date : |
13.05.2015 |
IDENTIFICATION DETAILS
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Name : |
SHENZHEN SAN MIKI ELECTRONICS CO., LTD. |
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Registered Office : |
Building 5, Hongxin Industrial Park, East Of Meiguan Highway,
Dabuxiang Community, Guanlan Street, Bao’an District, Shenzhen City,
Guangdong Province, 518110 PR |
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Country : |
China |
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Date of Incorporation : |
04.08.2009 |
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Com. Reg. No.: |
440306503356211 |
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Legal Form : |
One-Person Limited Liability Company |
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Line of Business : |
Subject is engaged in general operating items: R&D, sales of
mobile phone (machine) and accessories, electronic products, mobile communication
terminal equipment, touch tablet computer; processing, operation and
manufacture of SMT (limited to branches); international maritime, aviation
and land transportation; import and export of goods and technology (excluding
those prohibited by the law and those needed pre permit). Licensed business
items: manufacture of mobile phone (machine) and accessories, electronic
products, mobile communication terminal equipment, touch tablet computer;
general cargo. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
SHENZHEN SAN MIKI ELECTRONICS CO., LTD.
Building
5, hongxin industrial park, east of meiguan highway, dabuxiang community,
guanlan street, bao’an district,
shenzhen city,
guangdong PROVINCE, 518110 PR CHINA
TEL: 86 (0)
755-29379152 FAX: n/a
EXECUTIVE
SUMMARY
INCORPORATION DATE : AUGUST 4, 2009
REGISTRATION NO. : 440306503356211
REGISTERED LEGAL
FORM : One-person Limited Liability Company
STAFF STRENGTH :
n/a
REGISTERED CAPITAL : CNY 20,000,000
BUSINESS LINE :
TRADING and manufacturing
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : steady
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.2125 = USD 1
HISTORY
SC was registered as a wholly
foreign-owned enterprise at local Administration for Industry & Commerce
(AIC - The official body of issuing and renewing busness license) on August 4, 2009, and has been under present legal form since 2010.
Company Status:
One-person Limited Liability Company
Single person LLC refers to a limited liability company set up by only one natural person or legal person as the single shareholder of it.
The minimum registered capital of Single person LLC is CNY100,000. The shareholder’s capital contributes, as set out by the articles of associations should be a lump-sum payment in full.
One natural person can only invest in and set up one limited liability company, which is not permitted to invest in and set up a new Single person LLC.
As to any one-person limited liability company, the sole-investor nature of the natural person or legal person shall be indicated in the registration documents of the company and shall be indicated in the business license thereof as well.
The regulation of Single person LLC should be set up by the shareholder
SC’s registered business scope includes general operating items: R&D,
sales of mobile phone (machine) and accessories, electronic products, mobile
communication terminal equipment, touch tablet computer; processing, operation
and manufacture of SMT (limited to branches); international maritime, aviation
and land transportation; import and export of goods and technology (excluding
those prohibited by the law and those needed pre permit). Licensed business
items: manufacture of mobile phone (machine) and accessories, electronic
products, mobile communication terminal equipment, touch tablet computer;
general cargo.
SC is mainly engaged in manufacturing and sales of electronic products.
Li Zeliu is legal
representative, executive director and general manager of SC at present.
SC’s employee’s information is unavailable
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 not available at present.
WEB
SITE
SC is not known to host website of its own at present.
LITIGATION
For the past two years there is no record of litigation.
KEY
EVENTS/RECENT DEVELOPMENT
Changes of its
registered information are as follows:
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Date of change |
Item |
Before the
change |
After the change |
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2010-7-16 |
Company’s name |
San Miki Electronics (Shenzhen) Co., Ltd. |
Present one |
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Legal form |
Wholly foreign-owned enterprise |
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Registered capital |
USD 1,000,000 |
Organization Code:
691163588
OWNERSHIP/MANAGEMENT
MAIN SHAREHOLDERS:
Name %
of Shareholding
Shenzhen Sanmu Communication Technology Co.,
Ltd. 100
Incorporation Date: 2005-7-26
Registration No.: 440301102859488
Legal representative: Zhang Xuhui
Web: http://www.mikimobile.com/
MANAGEMENT
l Legal
Representative, executive director and general manager:
Li Zeliu is currently responsible for the
overall management of SC.
Working Experience(s):
At present Working in SC as legal representative, executive
director and general manager.
l
Supervisor:
Zhang Lijun
BUSINESS
OPERATIONS
SC is mainly engaged in manufacturing and sales of electronic products.
SC’s products
mainly include: mobile phone and panel computer.
SC sells its products in domestic market,
and to overseas market.
The payment terms of SC include Check, T/T, L/C and Credit of 30-60
days.
Note: SC declined to release its major
suppliers and clients.
Trademark &
Patents
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Registration No. |
10878452 |
10670049 |
10878406 |
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Registration Date |
2013-10-7 |
2013-5-21 |
2013-10-7 |
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Trademark Design |
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RELATED
COMPANIES
According to the website http://www.mikimobile.com/ :
Huizhou Miqi Communication Technology Co., Ltd. (In Chinese Pinyin)
=====================================
Incorporation Date: 2011-04-14
Registration No.: 441300000146187
Registered Legal Form: One-Person Limited Liability Company
Legal representative: Zhang Jianhui
PAYMENT
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.
BANKING
SC’s bank details are not available at present.
FINANCIAL
HIGHLIGHTS
SC’s accountant
refused to release the financial information.
REMARKS
SC has developed for 6 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 dealings with SC in small amount
appear acceptable.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.20 |
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1 |
Rs.100.03 |
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Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
VNT |
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.