MIPL-Logo

3decades

 

MIRA INFORM REPORT

 

 

Report No. :

509206

Report Date :

17.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

LABTHINK INSTRUMENTS CO.,LTD.

 

 

Registered Office :

No.144, Wuyingshan Road, Tianqiao Dist, Jinan City

 

 

Country :

China

 

 

Financials (as on) :

31.12.2017

 

 

Date of Incorporation :

27.11.1989

 

 

Unified Social Credit Code :

91370105163140788N

 

 

Legal Form :

Limited Liabilities Company

 

 

Line of Business :

·         Subject is mainly engaged in R&D, manufacture and sales of packaging testing instruments, etc. Its leading products include soft packing testers, laboratory testing equipment, food packaging testing equipment, etc.

·         Subject can also provide third party inspection service for customers.

 

 

No. of Employees :

300

 

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

 

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

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

 

Country Name

                Previous Rating               

(30.09.2017)

Current Rating

(31.12.2017)

China

A2

A2

 

Risk Category

 

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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. China has implemented reforms in a gradualist fashion, resulting in efficiency gains that have contributed to a more than tenfold increase in GDP since 1978. Reforms began with the phaseout 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 continues to pursue an industrial policy, state support of key sectors, and a restrictive investment regime. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, China in 2016 stood as the largest economy in the world, surpassing the US in 2014 for the first time in modern history. China became the world's largest exporter in 2010, and the largest trading nation in 2013. Still, China's per capita income is below the world average.

 

After keeping its currency tightly linked to the US dollar for years, China in July 2005 moved to an exchange rate system that references a basket of currencies. From mid-2005 to late 2008, the renminbi appreciated more than 20% against the US dollar, but the exchange rate remained virtually pegged to the dollar from the onset of the global financial crisis until June 2010, when Beijing announced it would allow a resumption of gradual liberalization. From 2013 until early 2015, the renminbi (RMB) appreciated roughly 2% against the dollar, but the exchange rate fell 13% from mid-2015 until end-2016 amid strong capital outflows in part stemming from the August 2015 official devaluation; in 2017 the RMB resumed appreciating against the dollar – roughly 7% from end-of-2016 to end-of-2017. From 2013 to 2017, China had one of the fastest growing economies in the world, averaging slightly more than 7% real growth per year. In 2015, the People’s Bank of China announced it would continue to carefully push for full convertibility of the renminbi, after the currency was accepted as part of the IMF’s special drawing rights basket. However, since late 2015 the Chinese Government has strengthened capital controls and oversight of overseas investments to better manage the exchange rate and maintain financial stability.

 

The Chinese Government faces numerous economic challenges including: (a) reducing its high domestic savings rate and correspondingly low domestic household consumption; (b) managing its high corporate debt burden to maintain financial stability; (c) controlling off-balance sheet local government debt used to finance infrastructure stimulus; (d) facilitating higher-wage job opportunities for the aspiring middle class, including rural migrants and college graduates, while maintaining competitiveness; (e) dampening speculative investment in the real estate sector without sharply slowing the economy; (f) reducing industrial overcapacity; and (g) raising productivity growth rates through the more efficient allocation of capital and state-support for innovation. Economic development has progressed further in coastal provinces than in the interior, and by 2016 more than 169.3 million migrant workers and their dependents had relocated to urban areas to find work. One consequence of China’s population control policy known as the “one-child policy” - which was relaxed in 2016 to permit all families to have two children - 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 urbanization. The Chinese Government is seeking to add energy production capacity from sources other than coal and oil, focusing on natural gas, nuclear, and clean energy development. In 2016, China ratified the Paris Agreement, a multilateral agreement to combat climate change, and committed to peak its carbon dioxide emissions between 2025 and 2030.

 

The government's 13th Five-Year Plan, unveiled in March 2016, emphasizes the need to increase innovation and boost domestic consumption to make the economy less dependent on government investment, exports, and heavy industry. However, China has made more progress on subsidizing innovation than rebalancing the economy. Beijing has committed to giving the market a more decisive role in allocating resources, but the Chinese Government’s policies continue to favor state-owned enterprises and emphasize stability. Chinese leaders in 2010 pledged to double China’s GDP by 2020, and the 13th Five Year Plan includes annual economic growth targets of at least 6.5% through 2020 to achieve that goal. 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. Chinese leaders also have undermined some market-oriented reforms by reaffirming the “dominant” role of the state in the economy, a stance that threatens to discourage private initiative and make the economy less efficient over time. The slight acceleration in economic growth in 2017—the first such uptick since 2010—gives Beijing more latitude to pursue its economic reforms, focusing on financial sector deleveraging and its Supply-Side Structural Reform agenda, first announced in late 2015.

 

Source : CIA

 

 


ORDER DETAILS & INVESTIGATION RESULTS

 

-

Order Information

Verification

Name(English)

LABTHINK INSTRUMENTS CO., LTD.

Correct

Address (English)

144, Wuyingshan Road, 250031 Jinan Shandong

Correct

 

 

ABSTRACT

 

BASIC INFORMATION

Name (English)

LABTHINK INSTRUMENTS CO.,LTD.

Unified Social Credit Code

91370105163140788N

AIC registration No.

370100000012112

National Organization Code

163140788

Company Status

Operational

Executive

Jiang Yunzhong

Registered Capital

CNY 5,000,000.00

Date of Establishment

1989-11-27

Employee

300

Website

www.labthink.cn

Company Size

Medium

SIC (China)

4014,Production of Laboratory Analytical Instrument

Import and Export Enterprise Code

3700163140788

Import/Export Permit

Yes

Judicial Records

7

 

 

CONTACTS

 

Tel

(86 531)85068566

Fax

(86 531)85062108

E-mail

marketing@labthink.com

Address

No.144, Wuyingshan Road, Tianqiao Dist, Jinan City, Shandong Province(Factory; Office)

Address Post code

250031

Ownership

Owned

 

 

GENERAL COMMENTS

 

RISK ANALYSIS

Established in Nov. 1989 with registered capital of CNY 5,000,000.00, SC is mainly engaged in R&D, manufacture and sales of packaging testing instruments, etc. With years of operation, it has accumulated rich industry experience. Invested by natural individuals, subject has poor financing capacity and risk-resisting capacity.

According to Subject’s current financial information, its operating income of 2017 decreases by 11.51% from that of 2016, indicating its business development capacity needs to be improved. With profit indices of 2017 all lower than those of 2016, its profitability was weakened. Low turnover of total assets and turnover of current assets of 2017 indicate its asset operation capacity is poor. With low liabilities to assets ratio of 2017, subject has good long-term solvency.

 

 

REGISTRATION INFORMATION

 

Unified Social Credit Code

91370105163140788N

AIC registration No.

370100000012112

Date of Establishment

1989-11-27

Registered Address

No.144, Wuyingshan Road, Tianqiao Dist, Jinan City

Registry

Market Supervision Administration - Tianqiao District, Jinan City

Legal Representative

Jiang Yunzhong

Legal Form

Limited Liabilities Company

Registered Capital

CNY 5,000,000.00

Paid-in Capital

CNY 5,000,000.00

Latest Year of Annual Report

2017

Operation duration

Perpetual

Business Scope

Development, manufacture, sales and related technology services of test instruments;

Development and sales of computer software;

Import and export business;

(Any project that needs to be approved by law can only be carried out after getting approval by relevant authorities.)

 

REGISTRATION CHANGES

 

-

Date

Item Changed

From

To

1

2015-05-28

Shareholder

Jiang Yunzhong and Jiang Yunping

Jiang Yunzhong, Li Yongshu and Li Daoyuan

2

2013-09-04

Shareholder

Jiang Yunzhong and Jiang Huaibin

Jiang Yunzhong  and Jiang Yunping

3

2006-12-05

Registered capital

CNY2,000,000.00

CNY5,000,000.00

4

2005-04-26

Name

LABTHINK INSTRUMENTS DEVELOPMENT CENTER

LABTHINK INSTRUMENTS CO.,LTD. 

5

2005-04-26

Registered capital

CNY1,000,000.00

CNY2,000,000.00

6

2002-05-17

Registered capital

CNY200,000.00

CNY1,000,000.00

7

2000-07-17

Registered capital

CNY150,000.00

CNY200,000.00

 

SHAREHOLDER INFORMATION

-

Name

% Ownership

Capital Contributed

Currency

Investment Way

Paid-in %

Country

1

Jiang Yunzhong

75.00

3,750,000.00

CNY

Capital

100

China

2

Li Yongshu

20.00

1,000,000.00

CNY

Capital

100

China

3

Li Daoyuan

5.00

250,000.00

CNY

Capital

100

China

Total

 

100.0

5,000,000

 

 

 

 

 

ULTIMATE HOLDING

-

Ultimate Shareholder

Investment Way

1

Jiang Yunzhong

Capital

 

 

English Name

Jiang Yunzhong

Country

China

Type

Natural Person Shareholder

Investment Way

Capital

Note

Jiang Yunzhong -->75.00% LABTHINK INSTRUMENTS CO.,LTD.

 

BRANCHES

No branch information of subject is searched out from Gladtrust database.

 

INVESTMENT IN OTHER COMPANIES

No investment information of subject is searched out from Gladtrust database.

 

MANAGEMENT

LEGAL REPRESENTATIVE

Name

Jiang Yunzhong

Country

China

Position

Chairman; General Manager

Gender

Male

Age

61

 

INVOLVEMENT IN OTHER COMPANIES

No other involvement information of subject's legal representative is searched out from database.

MANAGEMENT

-

Name

Position

Gender

1

Jiang Yunzhong

Chairman; General Manager

Male

 

DIRECTORS AND SUPERVISORS

-

Name

Position

Gender

1

Jiang Yunzhong

Chairman; General Manager

Male

2

Li Daoyuan

Supervisor

Male

 

 

JUDICIAL INFORMATION

 

DEFAULT EXECUTED PARTY

As of the reporting date, no related record about subject is found through below sources:

A. Website of China Court Organization;

B. Websites of local courts of subject's location;

C. Websites of major domestic courts;

D. Judicial information of database.

 

SUBJECT AS EXECUTED PARTY

As of the reporting date, no related record about subject is found through below sources:

A. Website of China Court Organization;

B. Websites of local courts of subject's location;

C. Websites of major domestic courts;

D. Judicial information of database.

 

 

CIVIL & COMMERCIAL TRIAL PROCESS

 

Name

LABTHINK INSTRUMENTS CO.,LTD.

Government ID. / AIC Registration No.

91370105163140788n

Position

Plaintiff

Hearing Court

Intermediate People’s Court of Jinan City, Shandong Province

Date Type

Trial Date

Date

2015-03-26

Cause

Unfair competition dispute

 

 

CIVIL & COMMERCIAL JUDGMENT DOCUMENT

 

Name

LABTHINK INSTRUMENTS CO.,LTD.

File No.

(2017) LU 01 Min Chu 1578

Hearing Court

Intermediate People’s Court of Jinan City, Shandong Province

Court Type

Intermediate People’s Court

Cause of Action

Patent dispute

Value

0

Position

Plaintiff

Date of Closing

2017-09-26

 

Name

LABTHINK INSTRUMENTS CO.,LTD.

Government ID. / AIC Registration No.

91370105163140788n

File No.

(2017) LU 01 Zheng Bao 25

Hearing Court

Intermediate People’s Court of Jinan City, Shandong Province

Court Type

Intermediate People’s Court

Cause of Action

Application for pretrial evidence preservation

Value

0

Position

Appellor

Date of Closing

2017-08-28

 

Name

LABTHINK INSTRUMENTS CO.,LTD.

Government ID. / AIC Registration No.

91370105163140788n

File No.

(2016) YUE 73 Min Chu 2334

Hearing Court

Guangzhou Intellectual Property Court

Court Type

People’s Court

Cause of Action

Infringement of technical secret disputes

Value

0

Position

Defendant

Date of Closing

2017-06-15

 

Name

LABTHINK INSTRUMENTS CO.,LTD.

Government ID. / AIC Registration No.

91370105163140788n

File No.

(2016) LU 0105 Min Chu 6497

Hearing Court

People’s Court of Tianqiao Dist, Jinan City, Shandong Province

Court Type

Basic People’s Court

Cause of Action

Infringement dispute

Value

0

Position

Plaintiff

Date of Closing

2017-05-12

 

Name

LABTHINK INSTRUMENTS CO.,LTD.

Government ID. / AIC Registration No.

91370105163140788n

File No.

(2015) JI Min San Chu Zi 104

Hearing Court

Intermediate People’s Court of Jinan City, Shandong Province

Court Type

Intermediate People’s Court

Cause of Action

Unfair competition dispute

Value

0

Position

Plaintiff

Date of Closing

2015-05-21

 

Name

LABTHINK INSTRUMENTS CO.,LTD.

Government ID. / AIC Registration No.

91370105163140788n

File No.

(2007) ER Zhong Min Zhong Zi 17965

Hearing Court

Second Intermediate People’s Court of Beijing City

Court Type

Intermediate People’s Court

Cause of Action

Copyright dispute

Value

0

Position

Appellee

Date of Closing

2007-12-20

 

ADMINISTRATIVE ILLEGAL RECORDS

As of the reporting date, no related record about subject is found through below sources:

A. Website of China Court Organization;

B. Websites of local courts of subject's location;

C. Websites of major domestic courts;

D. Judicial information of Gladtrust database.

 

 

OPERATION INFORMATION

 

MAIN BUSINESS

Main Business

R&D, manufacture and sales of packaging testing instruments, etc

Products & Service

SC is mainly engaged in R&D, manufacture and sales of packaging testing instruments, etc. Its leading products include soft packing testers, laboratory testing equipment, food packaging testing equipment, etc.

Subject can also provide third party inspection service for customers.

 

OPERATION FACILITIES

Business Address

No.144, Wuyingshan Road, Tianqiao Dist, Jinan City, Shandong Province(Factory; Office)

Tel

(86 531)85068566

Fax

(86 531)85062108

E-mail

marketing@labthink.com

Post code

250031

Environment

Suburb

Net Area

10,000 Square meters

Ownership

Owned

Traffic Condition

Convenient

 

SALES INFORMATION

Region

Products

Customer Type

Number of Customers

Payment Terms

Region

Percentage

Domestic

Testing equipment, etc

Manufacturers of food package, daily chemical package, etc

Over 20

Credit payment, immediate payment, etc

All over China

80

International

Testing equipment, etc

Manufacturers of food package, daily chemical package, etc

Over 5

L/C, T/T, etc

Europe, America, Asia, etc.

20

OTHER INFORMATION

SC's sales business is mainly developed domestically. Some products are exported to the United States, India, Pakistan, Germany, Canada, etc. Its customers include manufacturers of food package, daily chemical package, etc. Currently the company has accumulated certain sales network.

 

MAJOR CUSTOMERS

-

Name

Legal Form

Country

1

Labthink International, Inc.

-

U.S.A

2

DongE E Jiao Corporation Limited

Shares Limited Company (Public Listed)

China

3

Qingdao Beer Co., Ltd.

Shares Limited Company (Public Listed)

China

4

Shanghai Hehuang Whitecat Co., Ltd

Limited Liabilities Company (Sino-Foreign Joint Venture)

China

 

Name (English)

Labthink International, Inc.

Country

U.S.A

 

Name (English)

DongE E Jiao Corporation Limited

Country

China

Legal Form

Shares Limited Company (Public Listed)

 

Name (English)

Qingdao Beer Co., Ltd.

Country

China

Legal Form

Shares Limited Company (Public Listed)

 

Name (English)

Shanghai Hehuang Whitecat Co., Ltd

Country

China

Legal Form

Limited Liabilities Company (Sino-Foreign Joint Venture)

 

PURCHASE INFORMATION

Region

Main Products Purchased

Number of Suppliers

Payment Terms

Region

Percentage

Domestic

Precision parts, production equipment, office equipment, etc.

Over 20

Immediate payment, credit payment, etc

East China and its surrounding areas

90

International

Precision parts, etc

Over 10

L/C, T/T, etc

The United States, Indonesia, Germany, etc.

10

OTHER INFORMATION

SC's purchasing business is mainly developed domestically, especially in East China and its surrounding areas. Partial precision parts, etc are imported from the United States, Indonesia, Germany, etc. Currently the company has stable purchasing channels.

 

NOTE TO CREDIT RECORD

Note

Subject’s staff was cautious and refused to disclose the information of its suppliers due to business secrecy. The relevant information is unavailable through public channels. Hence, the company’s payment history can’t be provided in the report.

 

ELECTRICITY CONSUMPTION RECORD

No electricity consumption record of subject can be obtained as the electricity consumer may not be filed with subject's name.  

 

 

QUALIFICATIONS & TRENDS

 

TRADEMARKS

-

Name

Image

Registration No.

International Classification

Country

1

诺码

0.jpeg

15962877

42

China

2

INNOMAX

1.jpeg

15962832

42

China

3

LABTHINKCONVEN

2.jpeg

15643667

42

China

4

达茂

3.jpeg

15962749

9

China

5

PARAM

4.jpeg

7189084

9

China

6

LABTHINK

5.jpeg

6202442

9

China

7

MELAB

6.jpeg

13841727

42

China

8

优班

7.jpeg

10079598

42

China

9

CYSTEM

8.jpeg

8869908

42

China

10

MELAB

9.jpeg

13841798

35

China

11

LYSTEM

10.jpeg

8978467

42

China

12

ULAB

11.jpeg

9952047

42

China

13

LABTHINK

12.jpeg

7348377

9

China

14

米来吧

13.jpeg

13841668

42

China

15

LABTHINKDIAMON

14.jpeg

15629130

9

China

16

LABTHINK

15.jpeg

8337922

42

China

17

米来吧

16.jpeg

13841608

35

China

18

LABTHINK

17.jpeg

3996913

9

China

19

PERME

18.jpeg

7091149

9

China

20

LABTHINKINNOV

19.jpeg

15650231

42

China

Note: Maximum 20 records are showed for the client’s reference.

 

PATENT

-

Patent Name

Patent Type

Status

Application No.

Application date

Classification

Publication No.

1

Friction coefficient instrument, system and method

Invention

Published

CN201711424263.5

2017-12-25

G01N19/02(2006.01)I

CN107907479A

2

Non-contact tensile machine extensometer

Invention

Published

CN201711397336.6

2017-12-21

G01N3/08(2006.01)I; G01N3/06(2006.01)I

CN107957373A

3

Initial viscosity measuring device and its method

Invention

Published

CN201711327569.9

2017-12-13

G01N19/04(2006.01)I

CN107831111A

4

Device and method for detecting material expansion rate and film heat shrinkage tester

Invention

Published

CN201711276523.9

2017-12-06

G01S17/08(2006.01)I; G01B11/16(2006.01)I; G01N25/00(2006.01)I; G01N25/16(2006.01)I; G01L5/00(2006.01)I

CN107884778A

5

Gas constant temperature device and detection system

Invention

Published

CN201711175139.X

2017-11-22

G05D23/20(2006.01)I; G01N15/08(2006.01)I

CN107894795A

6

Thickness gauge

Appearance design

Approved

CN201730188848.6

2017-05-19

10-04(11)

CN304358491S

7

Thermal shrinkage testing device for thin film sample

Invention

Published

CN201710111399.4

2017-02-28

G01N25/00(2006.01)I; G01N25/16(2006.01)I

CN106908471A

8

Gas absorption tank and optical moisture sensor and tester

Patent for utility models

Approved

CN201720185234.7

2017-02-28

G01N21/03(2006.01)I

CN206557076U

9

A device for measuring the shrinkage of small contraction force samples

Invention

Published

CN201710111651.1

2017-02-28

G01N33/00(2006.01)I

CN106872649A

10

Compacting device for gas barrier test and gas barrier testing equipment

Patent for utility models

Approved

CN201621133400.0

2016-10-18

G01N15/08(2006.01)I

CN206095888U

11

Compacting device for gas barrier test and gas barrier testing equipment

Invention

Published

CN201610906691.0

2016-10-18

G01N15/08(2006.01)I

CN106290116A

12

Adjustable humidity generator and equipment for detecting water vapor transmission rate

Patent for utility models

Approved

CN201620942435.2

2016-08-25

G05D27/02(2006.01)I

CN205992185U

13

Rapid evaporation residue system

Patent for utility models

Approved

CN201620590505.2

2016-06-15

G01N5/04(2006.01)I

CN205691452U

14

Weighing equipment

Patent for utility models

Approved

CN201620588083.5

2016-06-15

G01G23/00(2006.01)I

CN205691225U

15

Rapid evaporation residue system and method

Invention

Published

CN201610423636.6

2016-06-15

G01N5/04(2006.01)I

CN105928820A

16

Weighing equipment and weighing method

Invention

Published

CN201610429129.3

2016-06-15

G01G23/00(2006.01)I

CN105841790A

17

Evaporative residue testing equipment

Appearance design

Approved

CN201630224026.4

2016-06-02

10-05(10)

CN303824365S

18

Multi position cutting device

Patent for utility models

Approved

CN201620365760.7

2016-04-27

G01N1/04(2006.01)I; B26D1/04(2006.01)I; B26D7/26(2006.01)I; B26D7/22(2006.01)I

CN205620155U

19

Temperature control device

Patent for utility models

Approved

CN201620366682.2

2016-04-27

G05D23/30(2006.01)I

CN205540349U

20

Data generation method and server for packaging detection results

Invention

Published

CN201610188004.6

2016-03-29

G06F9/50(2006.01)I

CN107239338A

Note: Maximum 20 records are showed for the client’s reference.

 

COPYRIGHT

-

Copyright Information

File No.

Classification

1

INNOMAX Laboratory management system

2016SR174742

30200-7600

2

LABTHINK  Pressure difference method gas permeation system

2015SR073891

30208-3000

3

LABTHINK  Oxygen permeability test system

2015SR068471

30000-0000

4

LABTHINK  Water vapor permeability tester system

2015SR067871

30000-0000

5

Pack 100 Ask - Solutions to Packaging Quality Problems

Guo Zuo Deng Zi-2014-A-00155533

Character

6

LABTHINK Intelligent electronic tension test machine system

2015SR065472

30200-0000

7

Online management system for packaging detection data

2012SR110378

30200-4100

8

ULab  Cloud detection management system

2012SR110783

30200-1400

9

Online management system for packaging detection data

2012SR110377

30200-4100

 

AUTHENTICATION INFORMATION

-

Certificate Category

Certificate No.

Issue Date

Expire Date

Status

1

Quality Management System Certification (ISO9000)

17917Q13311R0M

2017-10-31

2020-10-30

Valid

2

Quality Management System Certification (ISO9000)

QHZ19141101

2014-11-03

2017-11-02

Expired

3

Quality Management System Certification (ISO9000)

Q19111141

2011-11-04

2014-11-03

Expired

 

EXPORT/IMPORT PERMIT

EXPORT/IMPORT PERMIT

Yes

 

IMPORT / EXPORT DETAILS

2016 Import / Export Volume (USD 1,000)

Import Volume

Export Volume

1.00

3,500.00

 

 

2016 Exporting Regions (USD 1,000)

Exporting Regions

Export Volume

U.S.A

441

India

238

Vietnam

177

Pakistan

175

Germany

168

Other countries

2,302

expcon_pic

 

2016 Imported Products (USD 1,000)

Imported Products

Import Volume

Programmable logic controllers (PLC)

1

 

 

2016 Exported Products (USD 1,000)

Exported Products

Export Volume

Other machines and appliances

3,113

Other

370

Parts and accessories

16

With outer surface of plastic sheeting or of textile materials

1

expcon_pic

 

 

2015 Import / Export Volume (USD 1,000)

Import Volume

Export Volume

1.00

3,391.00

 

 

2015 Importing Regions (USD 1,000)

Importing Regions

Import Volume

U.S.A

1

 

 

2015 Exporting Regions (USD 1,000)

Exporting Regions

Export Volume

U.S.A

262

India

237

Pakistan

212

Germany

170

Canada

170

Other countries

2,340

expcon_pic

 

 

2015 Imported Products (USD 1,000)

Imported Products

Import Volume

Parts and accessories

1

 

 

2015 Exported Products (USD 1,000)

Exported Products

Export Volume

Other machines and appliances

3,069

Other

317

Parts and accessories

5

expcon_pic

 

EMPLOYEE

Employee Number

300

OTHER INFORMATION

The above information was confirmed by Subject's staff.

 

WEBSITES

-

Website

Name

File No

Registrant

1

www.labthink.cn

LABTHINK INSTRUMENTS CO.,LTD.

Lu ICP 13010644-1

Chen Xi (陈曦)

 

Website

www.labthink.cn

Country

China

Status

Normal

Name

LABTHINK INSTRUMENTS CO.,LTD.

Sponsor Name

LABTHINK INSTRUMENTS CO.,LTD.

Hosted By

Company

File No.

Lu ICP 13010644-1

Registrant

Chen Xi

Source

Ministry of Industry and Information Technology

 

ADMINISTRATIVE INFORMATION

 

ADMINISTRATIVE LICENSES & IDENTIFICATIONS

-

License No.

License Name

1

2016F343-37

Approval of metering device type

2

2016F344-37

Approval of metering device type

3

2016F226-37

Approval of metering device type

 

License No.

2016F343-37

License Name

Approval of metering device type

Issuing date

2016-06-08

License Content

Carton compression tester

 

License No.

2016F344-37

License Name

Approval of metering device type

Issuing date

2016-06-08

License Content

Intelligent electronic tensile test machine

 

License No.

2016F226-37

License Name

Approval of metering device type

Issuing date

2016-03-28

License Content

Electronic peeling test machine

 

ABNORMAL TAX PAYER

As of the reporting date, no related record about subject is found through below sources:

A. Website of Tax Bureau of China;

B. Website of local Tax Bureau of subject's location;

C. Taxpayer information of database.

 

TAX ARREARS LIST

As of the reporting date, no related record about subject is found through below sources:

A. Website of Tax Bureau of China;

B. Website of local Tax Bureau of subject's location;

C. Taxpayer information of database.

 

DEBT ARREARS LIST

As of the reporting date, no related record about subject is found through below sources:

A. Major telecommunication operators of China;

B. Telecommunication information of database.

 

 

FINANCIAL INFORMATION

 

DETAILED FINANCIAL INFORMATION (UNIT: CNY 1,000)

Financial Note: Due to the lack of a clear government policy regarding the transparency of enterprise financial information, some financial items might be missing in the financial statements, causing possible inequality between the sum of the provided items and the provided total numbers.

Assets

 

 

Year

2016-12-31

2017-12-31

Report Type 

Annual Report

Annual Report

Statement Type 

Individual

Individual

Source 

Statistic Bureau

Statistic Bureau

Audited or Not 

Unknown

Unknown

Accounts receivable 

2,079

1,246

Inventories 

31,095

34,937

Total Current Assets 

179,145

192,608

Fixed Assets 

8,497

8,136

Total Non-Current Assets 

29,793

37,641

Total Assets 

208,938

230,249

expcon_pic

Liabilities

 

 

Year

2016-12-31

2017-12-31

Accounts Payable 

773

801

Total Current Liabilities

9,131

11,479

Total Non-Current Liabilities

0

0

Total Liabilities

9,131

11,479

Share Capital (Paid-in Capital)

5,000

5,000

Total Owner’s Equity

199,807

218,770

Total Liabilities and Owner's Equity

208,938

230,249

expcon_pic

 

Income Statement

 

 

Year

2016-12-31

2017-12-31

Operating Income

127,189

112,553

Operating Cost

39,161

38,287

Tax and Associate Charge

1,982

1,586

Operating Gross Profit

86,046

72,680

Operating Expenses

20,325

24,915

Administrative Expenses

21,295

23,560

Financial Expenses

-5,326

233

Operating Profit

49,752

23,972

Non-operating Income

254

968

Non-operating Expenses

-

1

Total Profit

50,006

24,939

Income Tax

6,597

2,744

Net Profit

43,409

22,195

 

GROWTH RATE OF MAJOR FINANCIAL

 

2016

Growth(%)

2017

Operating Income   

127,189

-11.51

112,553

Total Assets

208,938

10.20

230,249

Working Capital   

170,014

6.54

181,129

Total Profit   

50,006

-50.13

24,939

Net Profit   

43,409

-48.87

22,195

Total Liabilities   

9,131

25.71

11,479

Total Owner’s Equity   

199,807

9.49

218,770

Total Current Assets   

179,145

7.52

192,608

Total Current Liabilities   

9,131

25.71

11,479

Fixed Assets   

8,497

-4.25

8,136

 

IMPORTANT RATIO

Profitability

2016

2017

Return on net assets (%)

21.73

10.15

Return on total assets (%)

20.78

9.64

Net profit margin (%)

34.13

19.72

Gross Profit Margin (%)

67.65

64.57

Operation capacity

2016

2017

Turnover of total assets

0.61

0.49

Turnover of current assets

0.71

0.58

Turnover of account receivable

61.18

90.33

Turnover Days of Accounts Receivable

5.88

3.99

Solvency

2016

2017

Liabilities to assets ratio (%)

4.37

4.99

Current ratio

19.62

16.78

Quick ratio

16.21

13.74

Development capacity

2016

2017

Yearly Growth of Operating Income (%)

-

-11.51

Yearly growth of gross profit (%)

-

-15.53

Yearly growth of total assets (%)

-

10.20

 

INDUSTRY INFORMATION

INDUSTRY CODE

SIC (China)

4014,Production of Laboratory Analytical Instrument Major

ISIC

2651,Manufacture of instruments and appliances for measuring, testing and navigation and control apparatus

NACE

26.51,Manufacture of instruments and appliances for measuring, testing and navigation and control apparatus

 

INDUSTRY FINANCIAL AVERAGE

-

2016

Subject

Best(10%)

Average

Worst(10%)

Solvency

Liabilities to Assets Ratio (%)

4.37

57.23

67.36

94.50

Current ratio

19.62

2.13

1.28

0.72

Quick ratio

16.21

1.32

0.80

0.45

Development Capacity

Yearly Growth of Operating Income (%)

-

29.39

12.79

-6.11

Yearly Growth of Gross Profit (%)

-

40.45

10.10

-8.45

Yearly Growth of Total Assets (%)

-

22.30

7.88

-11.79

Profitability

Return on net assets (%)

21.73

16.16

7.79

-4.56

Return on total assets (%)

20.78

10.11

4.53

0.18

Gross profit margin (%)

67.65

27.12

17.98

4.96

Operation Capacity

Turnover of total assets

0.61

1.42

0.83

0.46

Turnover of current assets

0.71

2.46

0.93

0.55

Turnover days of account receivable

5.88

37.12

149.69

200.12

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 67.83

UK Pound

1

INR 91.68

Euro

1

INR 80.29

CNY

1

INR 10.64

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

TPT

 


 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.