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Report No. : |
347729 |
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Report Date : |
02.11.2015 |
IDENTIFICATION DETAILS
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Name : |
QINGDAO YTE SPECIAL PRODUCTS
CO., LTD. |
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Registered Office : |
No. 18, Huishui Road, Licang District, Qingdao Shandong Province 266101 Pr |
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Country : |
China |
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Date of Incorporation : |
27.09.1994 |
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Com. Reg. No.: |
370200400032229 |
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Legal Form : |
Wholly Foreign-Owned Enterprise |
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Line of Business : |
Subject is
mainly engaged in manufacturing and selling of special equipment accessories.
Subject products
mainly include: · Axle · Mechanical Suspension · Air suspension · Coupler · Kingpin · Landing Gear |
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No. of Employees : |
30 |
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 – 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 |
QINGDAO YTE SPECIAL PRODUCTS CO., LTD.
NO. 18, HUISHUI ROAD, LICANG
DISTRICT, QINGDAO
SHANDONG PROVINCE 266101 PR CHINA
TEL: 86 (0) 532-80923091/80923092
FAX: 86 (0) 532-80923080
Date of Registration : SEPTEMBER 27, 1994
REGISTRATION NO. : 370200400032229
LEGAL FORM :
PERUVEMBA
VAIDYANATH BALASUBRAMANIAM (LEGAL REP.)
REGISTERED CAPITAL : USD 200,000
staff :
30
BUSINESS CATEGORY : MANUFACTURING
& TRADING
Revenue :
N/A
EQUITIES :
N/A
WEBSITE : N/A
E-MAIL :
leo.miao@yorktpt.com.cn
PAYMENT :
AVERAGE
MARKET CONDITION : FAIR
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : ORDINARY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.31 = USD 1
Adopted
abbreviations (as follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
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
SC was established
as a wholly foreign-owned enterprise
of PRC with State Administration of Industry & Commerce (SAIC) under
registration No.: 370200400032229
on September 27, 1994.
SC’s Organization Code Certificate No.:
61438105-5
SC’s Tax No.: 370211614381055
SC’s registered capital: USD 200,000
SC’s paid-in capital: USD 200,000
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 |
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Singapore
Yte Special Products Pte Ltd. |
100 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal
Representative and Chairman |
Peruvemba Vaidyanath Balasubramaniam |
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Supervisor |
Ng Poh Beng |
No recent development was found during our checks at present.
Singapore Yte Special Products Pte Ltd. 100
Peruvemba
Vaidyanath Balasubramaniam, Legal Representative
and Chairman
-------------------------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Nationality: India
Ø Qualification:
University
Ø Working experience
(s):
At present, working in SC as legal
representative and chairman
Also working in York
Transport Equipment (Shanghai) Co., Ltd. as legal representative
Supervisor
--------------
Ng Poh Beng
SC’s registered business scope includes
manufacturing and assembling special trailer tow seat, semi-trailers, equipment
and other parts; importing and exporting business (excluding distribution
business). (with permit if needed).
SC is mainly
engaged in manufacturing and selling special equipment accessories.
SC’s products
mainly include:
Axle
Mechanical
Suspension
Air suspension
Coupler
Kingpin
Landing Gear
Etc.
SC sources its materials 90% from domestic market, and 10% from overseas market. SC sells 80% of its products in domestic market, and 20% to overseas market.
The buying terms
of SC include Check, T/T and Credit of 30-60 days. The payment terms of SC
include T/T, L/C and Credit of 30-60 days.
*Major Customers*
-----------------------
Aquacarts Inc.
York Transport
Equipmentindia Private Limited
Staff & Office:
--------------------------
SC is known
to have approx. 30 staff at
present.
SC rents an area
as its operating office and factory, but the detailed information is unknown.
York
Transport Equipment (Shanghai) Co., Ltd.
------------------------------------------
Date of Registration: March 29, 2010
Registration No.: 310115400258859
Registered Capital: USD 3,000,000
Etc.
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.
Basic Bank:
Bank
of China Qingdao Hong Kong Road Sub-branch
AC#:
206505622698
The financials of SC is not available in
local SAIC, and SC also refused to release the details.
SC is considered small-sized in its line with a development history of
21 years.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
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|
1 |
Rs.99.93 |
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Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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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.