MIRA INFORM REPORT
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Report No. : |
350070 |
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Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
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Name : |
SHENZHEN TECHNIK UNIVERSAL LTD. |
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Registered Office : |
Room 1515, Building 3, Huangdu Plaza, No. 3008 Yitian Road Futian District,
Shenzhen, Guangdong Province 518048 Pr |
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Country : |
China |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
21.06.2004 |
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Com. Reg. No.: |
440301108175570 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in selling chemicals. |
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No. of Employee : |
8 |
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 : |
Slow but correct |
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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
SHENZHEN TECHNIK UNIVERSAL
LTD.
ROOM 1515, BUILDING 3, HUANGDU PLAZA, NO. 3008 YITIAN ROAD
FUTIAN DISTRICT, SHENZHEN, GUANGDONG PROVINCE 518048 PR CHINA
TEL: 86 (0) 755-82032355/83865151
FAX: 86 (0) 755-83865196
EXECUTIVE
SUMMARY
Date of Registration : JUNe 21, 2004
REGISTRATION NO. : 440301108175570
LEGAL FORM : Limited Liability Company
REGISTERED CAPITAL : CNY
1,000,000
staff : 8
BUSINESS CATEGORY : TRADING
Revenue : CNY 18,450,000 (AS OF DEC. 31, 2014)
EQUITIES : CNY 2,500,000 (AS OF DEC. 31, 2014)
WEBSITE : www.technik-universal.cn
E-MAIL : info@technik-universal.cn
PAYMENT : AVERAGE
MARKET CONDITION : average
FINANCIAL CONDITION : fairly stable
OPERATIONAL TREND :
fairly STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.37 = 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.: 440301108175570
on June 21, 2004.
SC’s Organization Code Certificate No.:
76347891-8
SC’s Tax No.: 440301763478918
SC’s registered capital: CNY 1,000,000
SC’s paid-in capital: CNY 1,000,000
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 |
|
Pan Yue |
60 |
|
Shenzhen Asianpacific Union Import & Export Co., Ltd. |
40 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative, Chairman and General
Manager |
Pan Yue |
|
Supervisor |
Wang Mingjie |
RECENT
DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER
CHART & BACKGROUND
Name %
of Shareholding
Pan Yue 60
Shenzhen Asianpacific Union Import &
Export Co., Ltd. 40
Shenzhen
Asianpacific Union Import & Export Co., Ltd.
-------------------------------------------------------------------------
Date of Registration: March 12, 2001
Registration No.: 440301103626365
Registered Capital: CNY 3,000,000
MANAGEMENT
Pan Yue, 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
Wang
Mingjie , Supervisor
----------------------------------------------
Ø
Gender: M
Ø Qualification:
University
Ø Working experience
(s):
At present, as supervisor of SC, also working in Shenzhen Asianpacific Union Import & Export Co., Ltd. as legal representative
BUSINESS
OPERATION
SC’s registered business scope includes industry
development; domestic commerce; supplying and selling of commodities;
information consulting; international trade.
SC is mainly
engaged in selling chemicals.
SC’s products mainly
include: chemical additives
SC sources the products 30% from domestic market, and 70% from overseas market. SC sells 70% of its products in domestic market, and 30% to overseas market, mainly USA, Europe, Mid East, Southeast Asia, etc.
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. 8 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:
China
Merchants Bank
AC#:
817681479310001
FINANCIALS
Balance Sheet
|
Unit: CNY’000 |
As
of Dec. 31, 2014 |
|
Cash |
4,380 |
|
Notes receivable |
0 |
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Accounts
receivable |
1,690 |
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Advances to
suppliers |
0 |
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Other receivable |
20 |
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Inventory |
7,070 |
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Non-current
assets within one year |
0 |
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Other current
assets |
2,060 |
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|
------------------ |
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Current assets |
15,220 |
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Fixed assets |
330 |
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Long-term
prepaid expenses |
0 |
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Deferred income
tax assets |
0 |
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Other
non-current assets |
4,130 |
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------------------ |
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Total assets |
19,680 |
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============= |
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Short-term loans |
0 |
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Notes payable |
0 |
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Accounts payable |
8,390 |
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Advances from
clients |
0 |
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Other payable |
5,060 |
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Other current
liabilities |
-460 |
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|
------------------ |
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Current
liabilities |
12,990 |
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Non-current
liabilities |
4,190 |
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------------------ |
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Total
liabilities |
17,180 |
|
Equities |
2,500 |
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------------------ |
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Total
liabilities & equities |
19,680 |
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|
============= |
Income Statement
|
Unit: CNY’000 |
As of Dec. 31,
2014 |
|
Revenue |
18,450 |
|
Cost of sales |
16,820 |
|
Sales expense |
430 |
|
Management expense |
1,450 |
|
Finance expense |
-350 |
|
Profit before
tax |
68 |
|
Less: profit tax |
11 |
|
Profits |
57 |
Important Ratios
=============
|
|
As
of Dec. 31, 2014 |
|
*Current ratio |
1.17 |
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*Quick ratio |
0.63 |
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*Liabilities to
assets |
0.87 |
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*Net profit
margin (%) |
0.31 |
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*Return on
total assets (%) |
0.29 |
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*Inventory /
Revenue ×365 |
140 days |
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*Accounts
receivable/ Revenue ×365 |
34 days |
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*Revenue/Total
assets |
0.94 |
|
*Cost of sales
/ Revenue |
0.91 |
FINANCIAL
COMMENTS
PROFITABILITY:
AVERAGE
l The revenue of SC
appears average 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 average, comparing with its
revenue.
LIQUIDITY: AVERAGE
l
The current ratio of SC is maintained in a normal
level.
l
SC’s quick ratio is maintained in a fair level.
l
The inventory of SC appears large.
l
The accounts receivable of SC is maintained in an
average level.
l
SC has no short-term loans.
l
SC’s revenue is in a fair level, comparing with the
size of its total assets.
LEVERAGE: FAIR
l
The debt ratio of SC is fairly high.
l
The risk for SC to go bankrupt is above average.
Overall financial
condition of the SC: Fairly Stable.
CONCLUSIONS
SC is considered small-sized in its line with fairly stable financial
conditions. The large amount of inventory may be a threat to SC’s financial condition.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
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|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
ANK |
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 |
-- |
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.