MIRA INFORM REPORT
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Report No. : |
342615 |
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Report Date : |
30.09.2015 |
IDENTIFICATION DETAILS
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Name : |
QINGDAO SEAWIN BIOTECH GROUP CO., LTD. |
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Registered Office : |
Qingdao National University Sci-Tech Park, No. 23 Hongkong Easternroad,
Qingdao City, Shandong Province, 266071 Pr |
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Country : |
China |
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Date of Incorporation : |
18.08.2000 |
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Com. Reg. No.: |
370200018063323 |
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Legal Form : |
Limited Liabilities Co. |
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Line of Business : |
Subject is engaged in manufacturing and selling fertilizer |
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No. of Employee : |
240 |
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) |
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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. 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 for the first time in
modern history. Still, China's per capita income is below the world average.
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
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 2014 more than 274 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 also implemented several economic
reforms in 2014, including passing legislation to allow local governments to
issue bonds, opening several state-owned enterprises to further private
investment, loosening the one-child policy, passing harsher pollution fines,
and cutting administrative red tape.
|
Source
: CIA |
Company name and address
QINGDAO SEAWIN
BIOTECH GROUP CO., LTD.
QINGDAO NATIONAL UNIVERSITY
SCI-TECH PARK, NO. 23 HONGKONG EASTERNROAD, QINGDAO CITY, SHANDONG PROVINCE,
266071 PR CHINA
TEL: 86 (0)
532-85901676/85902888/85901608 FAX: 86
(0) 532-85902228
EXECUTIVE
SUMMARY
INCORPORATION DATE : AUG. 18, 2000
REGISTRATION NO. : 370200018063323
REGISTERED LEGAL
FORM : LIMITED LIABILITIES CO.
CHIEF EXECUTIVE : MR. SHAN JUNWEI
(LEGAL REPRESENTATIVE)
STAFF STRENGTH : 240
REGISTERED CAPITAL : CNY 132,078,400
BUSINESS LINE :
MANUFACTURING & TRADING
TURNOVER : N/A
EQUITIES :
N/A
PAYMENT :
UNKNOWN
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION
: N/A
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.3656 =
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: the “No. 5
Yushan Road, Qingdao, China” is SC’s registered address, while SC’s operating
address should be the heading one.
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 Aug. 18, 2000.
Company Status: Limited liabilities co. This form of business in PR
China is defined as a legal person. No more than fifty shareholders
contribute its registered capital jointly. Shareholders bear limited
liability to the extent of shareholding, and the co. is liable for its
debts only to extent of its total assets. The characteristics of this form
of co. are as follows: Upon the establishment of
the co., an investment certificate is issued to the each of shareholders. The board of directors is
comprised of three to thirteen members. The minimum registered capital
for a co. is CNY 30,000. Shareholders may take their
capital contributions in cash or by means of tangible assets or intangible
assets such as industrial property and non-patented technology. Cash contributed by all
shareholders must account for at least 30% of the registered capital. Existing shareholders have
pre-exemption right to purchase shares of the co. offered for sale by the
other shareholders and to subscribe for the newly increased registered
capital of the co.
SC’s registered
business scope includes manufacturing organic fertilizer (fertilizer formal
registration certificate validity will be subject to license). Marine
biological engineering technology development, development, manufacturing and
transfer of the marine chemical products, manufacturing and selling products;
information engineering technology, science and technology exchange, incubation
transfer, technical services, consulting of environmental protection products
and technological achievements in other fields; production and management:
biological products, foliar fertilizer, blunt applied fertilizer, compound fertilizer material, water soluble
fertilizer, organic - inorganic fertilizer materials, bio-bacterial manure,
seaweed fertilizer, solid salt, soil conditioner (production limited branch
operation); selling fertilizer;
importing and exporting of goods and technology; labor services
(excluding expatriate labor) ; garbage disposal. (With permit if needed)
SC is mainly
engaged in manufacturing and selling fertilizer.
Mr. Shan Junwei is
legal representative and general manager of SC at present.
SC is known to have
approx. 240 employees at present.
SC is currently
operating at the above stated address, and this address houses its operating
office and factory in Qingdao. The detailed premise information is unknown.
www.seawin-bio.com The design is
professional and the content is well organized. At present it is in English and
Chinese versions.
E-mail: sales@coub.cn
Changes of
its registered information are as follows:
|
Date of change |
Item |
Before the change |
After the change |
|
2014-8-25 |
Shareholder and shareholdings |
Guangxi Tianyuan Biochemistry Co., Ltd 8%; General Tobacco Group Co., Ltd. 4.54%; Qingdao National University Science and
Technology Park Co., Ltd. (Literal Translation) 9.09% ; Qingdao Daily
Newspaper Group 12.11% ; Qingdao
Seawinner Investment Co., Ltd. (Literal Translation) 34.73%; Qingdao Ocean University of China Holdings
Ltd. 9.90%; Rongyin Huanghai Venture Capital Co., Ltd. (Literal Translation) 8%; Tianjin East Coast New Energy Co., Ltd.
(Literal Translation) 1%; Qingdao Huatong State-owned Capital Operation
(Group) Co., Ltd. 12.63% |
Guangxi Tianyuan Biochemistry Co., Ltd. 8%; General Tobacco Group Co., Ltd. 4.54%; Qingdao National University Science and
Technology Park Co., Ltd. (Literal Translation) 9.09%
; Qingdao Daily Newspaper Group 12.11% ; Qingdao Seawinner Investment Co., Ltd.
(Literal Translation) 34.73%; Qingdao Ocean University of China Holdings
Ltd. 9.90%; Rongyin Huanghai Venture
Capital Co., Ltd. (Literal
Translation) 8%;
Tianjin East Coast New Energy Co., Ltd.
(Literal Translation) 1%; Xizang Haifutong Investment Consultation Center
(Limited Partnership) (Literal Translation) 12.63% |
|
2014-10-30 |
Shareholder and shareholdings |
Guangxi Tianyuan Biochemistry Co., Ltd. 8%; General
Tobacco Group Co., Ltd. 4.54%; Qingdao National University Science and
Technology Park Co., Ltd. (Literal Translation) 9.09% ; Qingdao Daily Newspaper Group 12.11% ; Qingdao Seawinner Investment Co., Ltd.
(Literal Translation) 34.73%; Qingdao Ocean University of China Holdings
Ltd. 9.90%; Rongyin Huanghai Venture
Capital Co., Ltd. (Literal
Translation) 8%; Tianjin East Coast New Energy Co., Ltd.
(Literal Translation) 1%; Xizang Haifutong Investment Consultation Center
(Limited Partnership) (Literal Translation) 12.63% |
Present ones |
SC’s previous name was China Ocean University
Organism Project Development Co., Ltd.
Organization Code:
724011020
For the past two
years there is no record of litigation.
MAIN SHAREHOLDERS:
Name
%
of Shareholding
Qingdao Seawinner
Investment Co., Ltd. (Literal Translation) 34.73
Xizang Haifutong
Investment Consultation Center
(Limited
Partnership) (Literal Translation) 20.63
Qingdao Daily Newspaper
Group 12.11
Qingdao Ocean
University of China Holdings Ltd. 9.90
Qingdao National University Science and
Technology Park Co., Ltd.
(Literal Translation) 9.09
Guangxi Tianyuan
Biochemistry Co., Ltd. 8.00
General Tobacco
Group Co., Ltd. 4.54
Tianjin East Coast
New Energy Co., Ltd. (Literal Translation) 1.00
Qingdao Seawinner
Investment Co., Ltd. (Literal Translation)
========================================
Incorporation Date:
2012-07-20
Registered No.:
370202230119668
Registered Capital:
CNY 62,130,000
Legal
Representative: Shan Junwei
Xizang Haifutong
Investment Consultation Center (Limited Partnership) (Literal Translation)
========================================
Incorporation Date:
2013-11-20
Registered No.: 540126200000254
Executive partner:
Shan Junwei
Qingdao Ocean
University of China Holdings Ltd.
========================================
Incorporation Date:
2006-11-28
Registered No.:
370200018087178
Registered Capital:
CNY 59,040,000
Legal Representative:
Zhu Jianxiang
Tel.: 86 (0)
532-85902517
Fax: 86 (0)
532-85902517
E-mail: kggs@ouc.edu.cn
Website: http://kg.ouc.edu.cn/
Qingdao National University Science and Technology
Park Co., Ltd. (Literal Translation)
========================================
Incorporation Date:
2003-01-22
Registered No.:
370200018080713
Registered Capital:
CNY 88,000,000
Legal
Representative: Lin Tao
Tel.: 86 (0) 532-
58882199
Fax: 86 (0) 532-
85906051
Website: http://www.qdusp.com/
Guangxi Tianyuan
Biochemistry Co., Ltd.
========================================
Incorporation Date:
2001-3-16
Registered No.:
450000000000951
Registered Capital:
CNY 126,000,000
Legal
Representative: Li Weiguo
Tel.: 86 (0)
771-2310509/2311396
Fax: 86 (0)
771-2310520
E-mail: gxtygxty@163.com
Website: http://www.gxty.com/
General Tobacco Group
Co., Ltd.
========================
Incorporation Date:
1995-10-26
Registered No.:
370100000000322
Registered Capital:
CNY 1,262,006,603.32
Legal
Representative: Cong Liangzi
Tianjin East Coast
New Energy Co., Ltd. (Literal Translation)
========================================
Incorporation Date:
2006-11-02
Registered No.:
120113000024932
Registered Capital:
CNY 40,000,000
Legal
Representative: Liu Guangping
Legal
representative
and General manager:
Mr. Shan Junwei, ID#
37020219660627XXXX, born in 1966. He is currently responsible for the overall
and daily management of SC.
Working Experience(s):
At present Working in SC as legal
representative and general manager.
Also working in Qingdao
Seawin Biotech Group Co., Ltd. Jiaozhou Branch as principal; and in Qingdao
Seawinner Investment Co., Ltd. (Literal Translation) as legal representative,
executive director and general manager; and in Xizang Haifutong Investment
Consultation Center (Limited Partnership) (Literal Translation) as executive
partner; and in Qingdao National University Science and Technology Park Co., Ltd.
(Literal Translation) as vice-chairman and general manager; and in
Qingdao Seawinner International Co., Ltd. as executive director; and in Qingdao
Aojia Biotech Co., Ltd. and Qingdao Green Enteromorpha Agriculture Science and
Technology Co., Ltd. (Literal Translation) as legal representative.
Directors:
Li Weiguo
Liu Minghui
Qin Ning
Sun Fuyou ID#
37283019721105XXXX
Xu Jilin
Zhan Xufeng
Zhu Jianxiang
Zuo Weifeng
Supervisors:
Fan Hongtao
Li Haisheng
Li Shuangyu
Li Tao
Qu Hao
Song Haimei ID#
37070319790610XXXX
Tian Xiuhai
Zhao Jie ID#
37028219830115XXXX
Zhao Yong
mainly engaged in
manufacturing and selling fertilizer.
SC’s products
mainly include: Organic Fertilizer, Seaweed Fertilizer, Foliar Fertilizer,
Extract Fertilizer, NPK Fertilizer
SC sources its
materials from both domestic market and overseas market. SC sells its products
in both domestic market and 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.
Note: SC refused to release its major suppliers
and customers.
TRADEMARKS &
PATENTS
Registration No. 13839917
Registration Date 2015-02-28
Trademark Design 
Registration No. 14380151
Registration Date 2015-05-28
Trademark Design 
Registration No. 8833813
Registration Date 2011-11-28
Trademark Design 
Registration No. 13839944
Registration Date 2015-02-28
Trademark Design 
Registration No. 9024195
Registration Date 2012-01-14
Trademark Design 
SC is known to
invest in the following companies:
Qingdao Seawinner
International Co., Ltd.
=================================
Incorporation Date:
2009-01-16
Registered No.:
370212020000367
Registered Capital:
CNY 300,000
Legal
Representative: Hou Wencai
Qingdao Aojia
Biotech Co., Ltd.
=======================
Incorporation Date:
2009-05-19
Registered No.:
370212020000422
Registered Capital:
CNY 1,000,000
Legal
Representative: Shan Junwei
Qingdao Green
Enteromorpha Agriculture Science and Technology Co., Ltd. (Literal Translation)
=================================
Incorporation Date:
2009-06-02
Registered No.:
370281020000236
Registered Capital:
CNY 1,000,000
Legal
Representative: Shan Junwei
Shandong Leap
Fertilizer Co., Ltd.
==================================
Incorporation Date:
2009-09-17
Registered No.:
371083000000290
Registered Capital:
CNY 5,000,000
Legal
Representative: Li Haisheng
Add.: Yintan Jinhai
Bay Industrial Zone, Rushan City, Weihai, Shandong Province
Branch:
Qingdao Seawin
Biotech Group Co., Ltd. Jiaozhou Branch
======================================
Incorporation date: 2007-01-17
Registration no.: 370281119030538
Principal: Shan Junwei
Add.: No. 15, Yunxi
Road, Jiaozhou Bay Industrial Zone, Jiaozhou City, Qingdao, Shandong Province
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 management
declined to release its bank details.
SC’s financial
details are not available at present.
SC has developed
for 15 years. Due to lack of financial statements, we are unable to determine
the maximum credit amount for SC, credit up to moderate amount appears
acceptable at present.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.18 |
|
|
1 |
Rs.100.46 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<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.