|
|
|
MIRA INFORM REPORT
|
Report No. : |
507297 |
|
Report Date : |
08.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED |
|
|
|
|
Registered Office : |
Guangchang Industrial Park, Guangchang County, Fuzhou
City, Jiangxi Province |
|
|
|
|
Country : |
China |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
08.12.2011 |
|
|
|
|
Unified
Social Credit Code: |
91361000586570245D |
|
|
|
|
Legal Form : |
Shares Limited Company |
|
|
|
|
Line of Business : |
Subject is mainly engaged in manufacture and sales of
aluminum formwork for building. Its products include all aluminum formwork system,
aluminum wood combination system, aluminum mold and PC combined system etc.
which are widely used in commercial housing, commercial office buildings,
government guaranteed housing, tunnels and pipe corridors etc. |
|
|
|
|
No. of Employees : |
959 |
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 : |
Exist |
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 |
INVESTIGATION
RECORD
|
Name of Interviewee |
Ms. Gu |
|
Tel |
(86 794)3817622 |
|
Investigation Way |
Telephone |
|
|
|
ORDER DETAILS &
INVESTIGATION RESULTS
|
- |
Order Information |
Verification |
|
Name(English) |
JIANGXI
GETO NEW MATERIALS CORPORATION LIMITED |
Correct |
|
Address
(English) |
Industrial
Zone, Guangchang, Jiangxi - 344900 China. |
Correct |
ABSTRACT
BASIC INFORMATION
|
Name (English) |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED (Given by
Official Sources) |
|
Unified Social Credit Code |
91361000586570245D |
|
AIC registration No. |
361030210005343 |
|
National Organization Code |
586570245 |
|
Company Status |
Operational |
|
Executive |
Gao Weiquan |
|
Registered Capital |
CNY 75,000,000.00 |
|
Date of Establishment |
2011-12-08 |
|
Employee |
959 (compound) |
|
Website |
|
|
Company Size |
Medium |
|
SIC (China) |
3359,Production of Metal Products For Other Construction
& Safety |
|
Import/Export Permit |
Yes |
|
Judicial |
9 |
CONTACTS
|
Tel |
(86 794)3817622 |
|
Fax |
(86 794)3817622 |
|
E-mail |
|
|
Address |
Guangchang Industrial Park, Guangchang County, Fuzhou
City, Jiangxi Province(Plant; Office) |
|
Address Post code |
344900 |
|
Ownership |
Self-owned |
GENERAL COMMENTS
|
RISK ANALYSIS |
|
Established in Dec. 2011, subject is mainly engaged in production
and sales of aluminum formwork for building. With development for years,
subject has accumulated rich experience in the industry. Subject can get
certain financial and technology support from its shareholders. According to subject's current financial information, its
operating income of 2016 is average, which suggests subject's business
development ability is average. The company's net profit margin of 2016 is
high, which suggests subject's profitability is good. With low turnover of
total assets in 2016, subject has weak operation ability. The company's high
account receivable of 2017 shows subject's clients occupy its partial
capital, which is good for subject's marketing but will increase the risk of
bad debt. The company's liabilities to assets ratio of 2017 is low, which
suggests subject's long-term debt paying pressure is low. |
REGISTRATION
INFORMATION
REGISTRATION INFORMATION
|
Unified Social Credit Code |
91361000586570245D |
|
AIC registration No. |
361030210005343 |
|
Date of Establishment |
2011-12-08 |
|
Registered Address |
Guangchang Industrial Park, Guangchang County, Fuzhou
City, Jiangxi Province |
|
Registry |
Market and Quality Supervisory Administration - Fuzhou
City |
|
Legal Representative |
Gao Weiquan |
|
Legal Form |
Shares Limited Company (Unlisted) |
|
Registered Capital |
CNY 75,000,000.00 |
|
Paid-in Capital |
CNY 75,000,000.00 |
|
Latest Year of Annual Report |
2016 |
|
Operation duration |
2011-12-08 to 2041-12-07 |
|
Business Scope |
R & D, design and technical consulting services of new
materials, new equipment and products; production and sales, leasing of new
materials and new equipment; import and export of goods; sales of metals. (Of the above projects where a permit is required, permit
shall be obtained.) |
REGISTRATION CHANGES
|
- |
Date |
Item Changed |
From |
To |
|
1 |
2017-03-28 |
Registered
capital |
CNY66,000,000.00 |
CNY75,000,000.00 |
|
2 |
2015-12-21 |
Registered
capital |
CNY60,000,000.00 |
CNY66,000,000.00 |
|
3 |
2015-12-03 |
Name |
JIANGXI GETO MODERN CONSTRUCTION TECHNOLOGY CO., LTD |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED |
|
4 |
2015-12-03 |
Legal
representative |
Yuan Fei |
Gao Weiquan |
|
5 |
2015-12-03 |
Registered
capital |
CNY34,006,700.00 |
CNY60,000,000.00 |
|
6 |
2015-09-29 |
Registered
capital |
CNY30,927,800.00 |
CNY34,006,700.00 |
|
7 |
2015-09-21 |
Registered
capital |
CNY30,000,000.00 |
CNY30,927,800.00 |
|
8 |
2015-05-11 |
Registered
capital |
CNY15,000,000.00 |
CNY30,000,000.00 |
|
9 |
2015-02-03 |
Registered
capital |
CNY30,000,000.00 |
CNY15,000,000.00 |
|
10 |
2014-07-30 |
Registered
capital |
CNY10,000,000.00 |
CNY30,000,000.00 |
|
11 |
2014-03-13 |
Legal
representative |
Kong Fanyin |
Yuan Fei |
|
12 |
2013-07-29 |
Legal
representative |
Cai Likai |
Kong Fanyin |
SHAREHOLDER INFORMATION
|
- |
Name |
% Ownership |
Capital Contributed |
Currency |
Investment Way |
Paid-in % |
Country |
|
1 |
Zhuhai Kaiyue High-tech Industry Investment Co., Ltd. |
70.58 |
52,932,000.00 |
CNY |
- |
100 |
China |
|
2 |
Zhuhai Zhitong Equity Investment Enterprise (Limited
Partnership) |
7.24 |
5,430,000.00 |
CNY |
- |
100 |
China |
|
3 |
He Qingquan |
4.53 |
3,400,000.00 |
CNY |
- |
100 |
China |
|
4 |
Zhou Shuijiang |
4.13 |
3,100,000.00 |
CNY |
- |
100 |
China |
|
5 |
Zhuhai Zhicheng Equity Investment Enterprise (Limited
Partnership) |
4.00 |
3,000,000.00 |
CNY |
- |
100 |
China |
|
6 |
ZHUHAI GETO NEW MATERIALS CONSULTING ENTERPRISE (LIMITED
PARTNERSHIP) |
3.53 |
2,647,060.00 |
CNY |
- |
100 |
China |
|
7 |
Chin Formwork (Beijing) International Brand Management Co., Ltd. |
2.18 |
1,638,000.00 |
CNY |
- |
100 |
China |
|
8 |
He Xiuli |
1.73 |
1,300,000.00 |
CNY |
- |
100 |
China |
|
9 |
Qiu Yaping |
1.33 |
1,000,000.00 |
CNY |
- |
100 |
China |
|
10 |
Chen Yafang |
0.27 |
200,000.00 |
CNY |
- |
100 |
China |
|
11 |
Other unlisted shareholders |
0.48 |
352,940.00 |
CNY |
- |
100 |
China |
|
Total |
|
100.0 |
75,000,000 |
|
|
|
|
OTHER INFORMATION
|
OTHER INFORMATION |
The above shareholder information is obtained from
subject's interim report of 2017 (as of 2017-08-30). |
ENTITY SHAREHOLDER
|
Name (English) |
Zhuhai Kaiyue High-tech Industry Investment Co., Ltd. |
|
Country |
China |
|
Legal Representative |
Liu Liqin |
|
Registration No. |
440003000026543 |
|
Unified Social Credit Code |
914404000867621604 |
|
Date of Establishment |
2013-12-10 |
|
Legal Form |
Limited Liabilities Company |
|
Registered Capital |
CNY 50,000,000.00 |
|
Status |
Operational |
|
Registered Address |
Room 219-80, Building 1, No.118, Baoxing Road, Hengqin New
District, Zhuhai City |
|
Name (English) |
Zhuhai Zhitong Equity Investment Enterprise (Limited
Partnership) |
|
Country |
China |
|
Registration No. |
440003000102394 |
|
Unified Social Credit Code |
91440400MA4UHGA44M |
|
Date of Establishment |
2015-09-18 |
|
Legal Form |
Limited Partnership |
|
Registered Capital |
CNY 8,930,000.00 |
|
Status |
Operational |
|
Registered Address |
7029, Room 105, No.6, Baohua Road, Hengqin New District,
Zhuhai City |
|
Name (English) |
Zhuhai Zhicheng Equity Investment Enterprise (Limited
Partnership) |
|
Country |
China |
|
Legal Representative |
Gao Weiquan |
|
Registration No. |
440003000234014 |
|
Unified Social Credit Code |
91440400MA4UYP5M7B |
|
Date of Establishment |
2016-11-16 |
|
Legal Form |
Limited Partnership |
|
Registered Capital |
CNY 15,900,000.00 |
|
Status |
Operational |
|
Registered Address |
Rm 105-22886, No. 6, Baohua Road, Hengqin New Dist, Zhuhai
City |
|
Name (English) |
ZHUHAI GETO NEW MATERIALS CONSULTING ENTERPRISE (LIMITED
PARTNERSHIP) |
|
Country |
China |
|
Legal Representative |
Liu Yan |
|
Registration No. |
440003000102441 |
|
Unified Social Credit Code |
91440400MA4UHEEE6E |
|
Date of Establishment |
2015-09-21 |
|
Legal Form |
Limited Partnership |
|
Status |
Operational |
|
Registered Address |
Room 105-7030, No.6, Baohua Road, Hengqin New District,
Zhuhai City |
|
Name (English) |
Chin Formwork (Beijing) International Brand Management
Co., Ltd. |
|
Country |
China |
|
Legal Representative |
Han Zhiyong |
|
Registration No. |
110108015016179 |
|
Unified Social Credit Code |
91110113599697034Q |
|
Date of Establishment |
2012-06-20 |
|
Legal Form |
Limited Liabilities Company |
|
Registered Capital |
CNY 15,463,900.00 |
|
Status |
Operational |
|
Registered Address |
Room 914, Building 1, Park 3, Jinguan North Second Street,
Nanfaxin Town, Shunyi District, Beijing City |
ULTIMATE HOLDING
|
- |
Ultimate Shareholder |
Investment Way |
|
1 |
Gao
Weiquan |
Capital |
|
English Name |
Gao Weiquan |
|
Country |
China |
|
Type |
Natural individual shareholder |
|
Investment Way |
Capital |
|
Note |
Gao Weiquan -->85.00% Zhuhai Kaiyue High-tech Industry Investment
Co., Ltd. (-->70.58% JIANGXI GETO NEW MATERIALS CORPORATION LIMITED |
No branch information of subject is searched out from
database.
INVESTMENT IN OTHER COMPANIES
|
- |
Name |
License Status |
Share Holding |
Currency |
% Ownership |
|
1 |
GuangDong
GETO New Materials Tech Co., Ltd. |
Operational |
100,000,000.00 |
CNY |
100.00 |
|
2 |
Hubei
Geto New Materials Tech Co., Ltd. |
Operational |
45,000,000.00 |
CNY |
75.00 |
|
3 |
Jiangxi
Geto Aluminum Template Technology R & D Co., Ltd. |
Operational |
2,000,000.00 |
CNY |
100.00 |
|
4 |
Shandong
Geto New Materials Tech Co., Ltd. |
Operational |
50,000,000.00 |
CNY |
100.00 |
|
5 |
SHANGHAI
ZHITE CONSTRUCTION TECHNOLOGY CO., LTD. |
Operational |
10,000,000.00 |
CNY |
100.00 |
|
Name (English) |
GuangDong GETO New Materials Tech Co., Ltd. |
|
Unified Social Credit Code |
91442000MA4UMY3M3L |
|
License Status |
Operational |
|
Registration No. |
442000001326073 |
|
Name Of Legal Representative |
Gao Weiquan |
|
Legal Form |
Limited Liabilities Company |
|
Country |
China |
|
Registered Capital |
CNY 100,000,000.00 |
|
Type |
Subsidiary |
|
Date of Establishment |
2016-03-25 |
|
Share Holding |
100,000,000.00 |
|
Currency |
CNY |
|
% Ownership |
100.00 |
|
Name (English) |
Hubei Geto New Materials Tech Co., Ltd. |
|
Unified Social Credit Code |
91421200MA492NEG6H |
|
License Status |
Operational |
|
Registration No. |
422300000080329 |
|
Name Of Legal Representative |
Gao Weiquan |
|
Legal Form |
Limited Liabilities Company |
|
Country |
China |
|
Registered Capital |
CNY 60,000,000.00 |
|
Type |
Subsidiary |
|
Date of Establishment |
2018-01-12 |
|
Share Holding |
45,000,000.00 |
|
Currency |
CNY |
|
% Ownership |
75.00 |
|
Name (English) |
Jiangxi Geto Aluminum Template Technology R & D Co.,
Ltd. |
|
Unified Social Credit Code |
91360100314747537B |
|
License Status |
Operational |
|
Registration No. |
360100210392110 |
|
Name Of Legal Representative |
Chen Wei |
|
Legal Form |
Limited Liabilities Company |
|
Country |
China |
|
Registered Capital |
CNY 2,000,000.00 |
|
Type |
Subsidiary |
|
Date of Establishment |
2014-10-31 |
|
Share Holding |
2,000,000.00 |
|
Currency |
CNY |
|
% Ownership |
100.00 |
|
Name (English) |
Shandong Geto New Materials Tech Co., Ltd. |
|
Unified Social Credit Code |
91370724MA3DPPR00Y |
|
License Status |
Operational |
|
Registration No. |
370724200054265 |
|
Name Of Legal Representative |
Yu Pengxi |
|
Legal Form |
Limited Liabilities Company |
|
Country |
China |
|
Registered Capital |
CNY 50,000,000.00 |
|
Type |
Subsidiary |
|
Date of Establishment |
2017-05-23 |
|
Share Holding |
50,000,000.00 |
|
Currency |
CNY |
|
% Ownership |
100.00 |
|
Name (English) |
SHANGHAI ZHITE CONSTRUCTION TECHNOLOGY CO., LTD. |
|
Unified Social Credit Code |
91310000312394248Y |
|
License Status |
Operational |
|
Registration No. |
310141000099240 |
|
Name Of Legal Representative |
Li Runwen |
|
Legal Form |
Limited Liabilities Company |
|
Country |
China |
|
Registered Capital |
CNY 10,000,000.00 |
|
Type |
Subsidiary |
|
Date of Establishment |
2014-08-19 |
|
Share Holding |
10,000,000.00 |
|
Currency |
CNY |
|
% Ownership |
100.00 |
MANAGEENT
LEGAL REPRESENTATIVE
|
Name |
Gao Weiquan |
|
Position |
Chairman |
|
Gender |
Male |
|
Age |
46 |
INVOLVEMENT IN OTHER COMPANIES
|
- |
Name (English) |
License Status |
Legal
Representative |
Position |
Type
of Engagement |
|
1 |
GuangDong
GETO New Materials Tech Co., Ltd. |
Operational |
YES |
Executive
director |
Directorship |
|
2 |
Hubei
Geto New Materials Tech Co., Ltd. |
Operational |
YES |
Executive
director |
Directorship |
|
3 |
Zhongshan
Geto Aluminum Mold Technology Co., Ltd. |
Operational |
YES |
Executive
director |
Directorship |
|
4 |
Zhuhai
Kaiyue High-tech Industry Investment Co., Ltd. |
Operational |
NO |
- |
Investment(85.00%) |
|
5 |
Zhuhai
Zhicheng Equity Investment Enterprise (Limited Partnership) |
Operational |
YES |
Chief |
Directorship; Investment(23.33%) |
|
6 |
Zhuhai
Zhitong Equity Investment Enterprise (Limited Partnership) |
Operational |
NO |
- |
Investment(9.97%) |
|
Name (English) |
GuangDong GETO New Materials Tech Co., Ltd. |
|
License Status |
Operational |
|
Name Of Legal Representative |
Gao Weiquan |
|
Registered Capital |
CNY 100,000,000.00 |
|
Country |
China |
|
Registration No. |
442000001326073 |
|
Unified Social Credit Code |
91442000MA4UMY3M3L |
|
Legal Form |
Limited Liabilities Company |
|
Position |
Executive director |
|
Date of Establishment |
2016-03-25 |
|
Name (English) |
Hubei Geto New Materials Tech Co., Ltd. |
|
License Status |
Operational |
|
Name Of Legal Representative |
Gao Weiquan |
|
Registered Capital |
CNY 60,000,000.00 |
|
Country |
China |
|
Registration No. |
422300000080329 |
|
Unified Social Credit Code |
91421200MA492NEG6H |
|
Legal Form |
Limited Liabilities Company |
|
Position |
Executive director |
|
Date of Establishment |
2018-01-12 |
|
Name (English) |
Zhongshan Geto Aluminum Mold Technology Co., Ltd. |
|
License Status |
Operational |
|
Name Of Legal Representative |
Gao Weiquan |
|
Registered Capital |
CNY 30,000,000.00 |
|
Country |
China |
|
Registration No. |
442000001329986 |
|
Unified Social Credit Code |
91442000MA4UN6MY18 |
|
Legal Form |
Limited Liabilities Company |
|
Position |
Executive director |
|
Date of Establishment |
2016-03-31 |
|
Name (English) |
Zhuhai Kaiyue High-tech Industry Investment Co., Ltd. |
|
License Status |
Operational |
|
Name Of Legal Representative |
Liu Liqin |
|
Registered Capital |
CNY 50,000,000.00 |
|
Country |
China |
|
Registration No. |
440003000026543 |
|
Unified Social Credit Code |
914404000867621604 |
|
Legal Form |
Limited Liabilities Company |
|
Share Holding |
42,500,000.00 |
|
Currency Of Share Holding |
CNY |
|
% Ownership |
85.00 |
|
Date of Establishment |
2013-12-10 |
|
Name (English) |
Zhuhai Zhicheng Equity Investment Enterprise (Limited
Partnership) |
|
License Status |
Operational |
|
Name Of Legal Representative |
Gao Weiquan |
|
Registered Capital |
CNY 15,900,000.00 |
|
Country |
China |
|
Registration No. |
440003000234014 |
|
Unified Social Credit Code |
91440400MA4UYP5M7B |
|
Legal Form |
Limited Partnership |
|
Share Holding |
3,710,000.00 |
|
Currency Of Share Holding |
CNY |
|
Way of Investment |
Capital |
|
% Ownership |
23.33 |
|
Position |
Chief |
|
Date of Establishment |
2016-11-16 |
|
Name (English) |
Zhuhai Zhitong Equity Investment Enterprise (Limited
Partnership) |
|
License Status |
Operational |
|
Registered Capital |
CNY 8,930,000.00 |
|
Country |
China |
|
Registration No. |
440003000102394 |
|
Unified Social Credit Code |
91440400MA4UHGA44M |
|
Legal Form |
Limited Partnership |
|
Share Holding |
890,000.00 |
|
Currency Of Share Holding |
CNY |
|
% Ownership |
9.97 |
|
Date of Establishment |
2015-09-18 |
MANAGEMENT
|
- |
Name |
Position |
Gender |
|
1 |
Gao
Weiquan |
Chairman |
Male |
|
2 |
Qu
Fei |
Director;
General Manager |
- |
|
- |
Name |
Position |
Gender |
|
1 |
Han
Zhiyong |
Director |
- |
|
2 |
Liu
Yan |
Director |
- |
|
3 |
Li
Runwen |
Director |
- |
|
4 |
Xie
Bin |
Supervisor |
- |
|
5 |
Pan
Gaochao |
Supervisor |
- |
|
6 |
Liao
Yingqing |
Supervisor |
- |
|
7 |
Gao
Weiquan |
Chairman |
Male |
|
8 |
Qu
Fei |
Director;
General Manager |
- |
JUDICIAL
INFORMATION
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;
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;
CIVIL & COMMERCIAL TRIAL PROCESS
|
Name |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED |
|
Government ID. / AIC Registration No. |
91361000586570245d |
|
Position |
Party Involved |
|
Hearing Court |
People's Court of Nanjiao District, Datong City, Shanxi Province |
|
Date Type |
Trial Date |
|
Date |
2018-03-13 |
|
Cause |
leasing contract dispute |
|
Name |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED |
|
Government ID. / AIC Registration No. |
91361000586570245d |
|
File No. |
(2016) ZHE 01 Min Zhong 5179 |
|
Position |
Plaintiff |
|
Hearing Court |
Intermediate People’s Court of Hangzhou City, Zhejiang
Province |
|
Date Type |
Trial Date |
|
Date |
2016-11-02 |
|
Cause |
Contract dispute |
|
Name |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED |
|
Government ID. / AIC Registration No. |
91361000586570245d |
|
File No. |
(2016) YUE 0605 Min Chu 14242 |
|
Position |
Defendant |
|
Hearing Court |
People's Court of Nanhai District, Foshan City, Guangdong
Province |
|
Date Type |
Trial Date |
|
Date |
2016-10-12 |
|
Cause |
Sales contract dispute |
|
Name |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED |
|
Government ID. / AIC Registration No. |
91361000586570245d |
|
File No. |
(2016) ZHE 01 Min Zhong 5179 |
|
Position |
Appellor |
|
Hearing Court |
Intermediate People’s Court of Hangzhou City, Zhejiang
Province |
|
Date Type |
Filing Date |
|
Date |
2016-08-10 |
|
Name |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED |
|
Government ID. / AIC Registration No. |
91361000586570245d |
|
File No. |
(2016) ZHE 0110 Min Chu 3134 |
|
Position |
Defendant |
|
Hearing Court |
People's Court of Yuhang District, Hangzhou City, Zhejiang
Province |
|
Date Type |
Trial Date |
|
Date |
2016-05-26 |
|
Cause |
Contract dispute |
CIVIL & COMMERCIAL JUDGMENT DOCUMENT
|
Name |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED |
|
Government ID. / AIC Registration No. |
91361000586570245d |
|
File No. |
(2017) YUE 1973 Min Chu 13883 |
|
Hearing Court |
Third People's Court of Dongguan City, Guangdong Province |
|
Cause of Action |
Dispute on lease contract of construction equipment |
|
Value |
0 |
|
Position |
Plaintiff |
|
Date of Closing |
2017-12-27 |
|
Name |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED |
|
Government ID. / AIC Registration No. |
91361000586570245d |
|
File No. |
(2016) ZHE 01 Min Zhong 5179 |
|
Hearing Court |
Intermediate People’s Court of Hangzhou City, Zhejiang
Province |
|
Court Type |
Intermediate People’s Court |
|
Cause of Action |
Contract dispute |
|
Plaintiff |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED,Zhejiang
Chang Sheng Construction Co., LTD. |
|
Value |
0 |
|
Position |
Appellor |
|
Date of Closing |
2016-11-11 |
|
Name |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED |
|
Government ID. / AIC Registration No. |
91361000586570245d |
|
File No. |
(2016) ZHE 0110 Min Chu 3134 |
|
Hearing Court |
People's Court of Yuhang District, Hangzhou City, Zhejiang
Province |
|
Court Type |
Grassroots People's Courts |
|
Cause of Action |
Contract dispute |
|
Value |
1,924,269.69 |
|
Position |
Defendant |
|
Date of Closing |
2016-07-04 |
|
Name |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED |
|
File No. |
(2016) ZHE 0110 Min Chu 03134 |
|
Hearing Court |
People’s Court of Yuhang District, Hangzhou City |
|
Court Type |
Grassroots People's Courts |
|
Cause of Action |
Contract dispute |
|
Plaintiff |
Zhejiang Chang Sheng Construction Co., LTD. |
|
Defendant |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED |
|
Position |
Defendant |
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;
OPERATION INFORMATION
|
Main Business |
Manufacture and sales of aluminum formwork for building |
|
Products & Service |
SC is mainly engaged in manufacture and sales of aluminum formwork
for building. Its products include all aluminum formwork system, aluminum
wood combination system, aluminum mold and PC combined system etc. which are
widely used in commercial housing, commercial office buildings, government
guaranteed housing, tunnels and pipe corridors etc. |
OPERATION FACILITIES
|
Business Address |
Guangchang Industrial Park, Guangchang County, Fuzhou
City, Jiangxi Province(Plant; Office) |
|
Tel |
(86 794)3817622 |
|
Fax |
(86 794)3817622 |
|
E-mail |
Irwfdchina@geto.com |
|
Post code |
344900 |
|
Environment |
Main industrial zone |
|
Ownership |
Self-owned |
|
Traffic Condition |
Convenient |
|
Region |
Products |
Customer Type |
Number of Customers |
Payment Terms |
Region |
Percentage |
|
|
Domestic |
Aluminum
formwork for various buildings |
Traders and construction companies etc |
More than 40 |
Credit payment and prompt payment etc |
All
over China |
85 |
|
|
International |
Aluminum formwork for various buildings |
Traders etc |
More than 15 |
L/C; T/T etc |
Malaysia, Hong Kong, Singapore, India, Panama etc |
15 |
|
|
OTHER INFORMATION |
SC's products are sold at home and abroad, mainly in
domestic markets. Partial products are exported to Malaysia, Hong Kong, Singapore,
India, Panama etc. It clients are mainly construction companies and traders.
Currently subject has certain sales network. |
||||||
MAJOR CUSTOMERS
|
- |
Name |
Legal Form |
Country |
|
1 |
SHANGHAI CONSTRUCTION NO.1 (GROUP) CO., LTD |
Limited Liabilities Company |
China |
|
2 |
Tianjin Dongwen Formwork Construction Technology Co., Ltd. |
Limited Liabilities Company |
China |
|
3 |
AVIC CONSTRUCTION ENGINEERING CORPORATION |
Limited Liabilities Company |
China |
|
4 |
THE CONSTRUCTION ENGINEERING COMPANY OF CTCE GROUP |
Limited Liabilities Company |
China |
|
5 |
Shengxin Engineering Co., Ltd. |
- |
Taiwan |
|
Name (English) |
SHANGHAI CONSTRUCTION NO.1 (GROUP) CO., LTD |
|
Country |
China |
|
Legal Form |
Limited Liabilities Company |
|
Name (English) |
Tianjin Dongwen Formwork Construction Technology Co., Ltd. |
|
Country |
China |
|
Legal Form |
Limited Liabilities Company |
|
Name (English) |
AVIC CONSTRUCTION ENGINEERING CORPORATION |
|
Country |
China |
|
Legal Form |
Limited Liabilities Company |
|
Name (English) |
THE CONSTRUCTION ENGINEERING COMPANY OF CTCE GROUP |
|
Country |
China |
|
Legal Form |
Limited Liabilities Company |
|
Name (English) |
Shengxin Engineering Co., Ltd. |
|
Country |
Taiwan |
|
Region |
Main Products Purchased |
Number of Suppliers |
Payment Terms |
Region |
Percentage |
|
|
Domestic |
Production equipment, environmental protection equipment, testing
device, aluminum material, steel fittings, metal surface treatment agent,
etc. |
More than 30 |
Credit payment and prompt payment etc |
Jiangxi Province, Jiangsu Province, Zhejiang Province,
Shanghai City etc |
100 |
|
|
OTHER INFORMATION |
SC's purchase business is mainly purchased in Jiangxi
Province, Jiangsu Province, Zhejiang Province, Shanghai City etc. Its
suppliers are mainly aluminum producers and traders etc. Currently, subject
has stable purchase channels. |
|||||
MAJOR SUPPLIERS
|
- |
Name |
Legal
Form |
Country |
|
1 |
FOSHAN
GUANGCHENG ALUMINIUM CO.,LTD. |
Limited
Liabilities Company (Sino-Foreign Joint Venture) |
China |
|
2 |
GUANGDONG
HUACHANG ALUMINUM FACTORY CO.,LTD. |
Limited
Liabilities Company |
China |
|
3 |
GUANGDONG
JMA ALUMINIUM PROFILE FACTORY (GROUP)CO.,LTD. |
Limited
Liabilities Company |
China |
|
4 |
Guangdong
Xingfa Aluminum Co., Ltd. |
Limited
Liabilities Company (Foreign Invested) |
China |
|
5 |
Zhuhai
Guangxiong Trading Co., Ltd |
Limited
Liabilities Company |
China |
|
Name (English) |
FOSHAN GUANGCHENG ALUMINIUM CO.,LTD. |
|
Country |
China |
|
Legal Form |
Limited Liabilities Company (Sino-Foreign Joint Venture) |
|
Name (English) |
GUANGDONG HUACHANG ALUMINUM FACTORY CO.,LTD. |
|
Country |
China |
|
Legal Form |
Limited Liabilities Company |
|
Name (English) |
GUANGDONG JMA ALUMINIUM PROFILE FACTORY (GROUP)CO.,LTD. |
|
Country |
China |
|
Legal Form |
Limited Liabilities Company |
|
Name (English) |
Guangdong Xingfa Aluminum Co., Ltd. |
|
Country |
China |
|
Legal Form |
Limited Liabilities Company (Foreign Invested) |
|
Name (English) |
Zhuhai Guangxiong Trading Co., Ltd |
|
Country |
China |
|
Legal Form |
Limited Liabilities Company |
|
- |
Supplier Name |
Product Supplied |
Cooperation Period |
Payment History |
|
1 |
Guangdong Xingfa Aluminum Co.,
Ltd. |
Aluminum profile |
6 years |
Good |
|
Name (English) |
Guangdong Xingfa Aluminum Co., Ltd. |
|
Country |
China |
|
Industry Code |
3262 |
|
Product Supplied |
Aluminum profile |
|
Payment History |
Good |
|
Cooperation Period |
6 years |
|
Terms |
Prepayment |
|
Date of Interview |
2018-05-04 |
|
Name of Interviewee |
Mr. Zhang |
|
Position |
Sales staff |
|
Tel |
(86)15820601725 |
|
Comment |
The above referee confirmed subject is one of the above company's
clients and subject made payment in time. |
JIANGXI GETO NEW MATERIALS CORPORATION LIMITED
Ø
MORTGAGE
|
- |
File No. |
Mortgagee Name |
Mortgagee Type |
Mortgagor Name |
Collateral |
|
1 |
GUANG
SHI JIAN DI DENG ZI NO.[2017]007 |
JIANGXI
HAIJI FINANCIAL LEASING CO., LTD |
- |
- |
Aluminum
formwork equipment |
|
2 |
GUANG
SHI JIAN DI DENG ZI NO.[2017]005 |
GUANGDONG
YICHUANG HENGJIAN FINANCIAL LEASING CO., LTD |
- |
- |
- |
|
3 |
GUANG
SHI JIAN DI DENG ZI NO.[2017]003 |
GUANGDONG
YICHUANG HENGJIAN FINANCIAL LEASING CO., LTD |
- |
- |
- |
|
File
No. |
GUANG
SHI JIAN DI DENG ZI NO.[2017]007 |
|
Mortgagee
Registration No. |
91360000669759473R |
|
Mortgagee
Name |
JIANGXI
HAIJI FINANCIAL LEASING CO., LTD |
|
Mortgage
Type |
Chattel
mortgage |
|
Collateral |
Aluminum
formwork equipment |
|
Quantity,
quality, condition, location, etc |
Quantity:
90304, Quality: Good, Condition: Good, Location: Ment to lease |
|
Type
of Principal Debt |
Other |
|
Principal
Claim Amount |
CNY
20,000,000 |
|
File
Party |
Quality
Supervision Administration Bureau - Guangchang County |
|
File
No. |
GUANG
SHI JIAN DI DENG ZI NO.[2017]005 |
|
Mortgagee
Registration No. |
914401013210741158 |
|
Mortgagee
Name |
GUANGDONG
YICHUANG HENGJIAN FINANCIAL LEASING CO., LTD |
|
Mortgage
Type |
Chattel
mortgage |
|
Type
of Principal Debt |
Other |
|
Coverage |
Statutory,
agreement |
|
Principal
Claim Amount |
CNY
10,000,000 |
|
File
Party |
Quality
Supervision Administration Bureau - Guangchang County |
|
File
No. |
GUANG
SHI JIAN DI DENG ZI NO.[2017]003 |
|
Mortgagee
Registration No. |
914401013210741158 |
|
Mortgagee
Name |
GUANGDONG
YICHUANG HENGJIAN FINANCIAL LEASING CO., LTD |
|
Mortgage
Type |
Chattel
mortgage |
|
Type
of Principal Debt |
Other |
|
Coverage |
Statutory,
agreement |
|
Principal
Claim Amount |
CNY
10,000,000 |
|
File
Party |
Quality
Supervision Administration Bureau - Guangchang County |
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
|
- |
Patent
Name |
Patent
Type |
Status |
Application
No. |
Application
date |
Classification |
Publication
No. |
|
1 |
A panel
aluminum profile for aluminum alloy formwork system |
Patent
for utility models |
Approved |
CN201720552742.4 |
2017-05-18 |
E04G9/06(2006.01)I |
CN206873911U |
|
2 |
An
aluminum alloy template with double C word reinforced U |
Patent
for utility models |
Approved |
CN201720552760.2 |
2017-05-18 |
E04G9/06(2006.01)I |
CN206844633U |
|
3 |
A
panel aluminum profile for aluminum alloy formwork system |
Patent
for utility models |
Approved |
CN201720390521.1 |
2017-04-14 |
E04G9/06(2006.01)I |
CN206844632U |
|
4 |
A
polygonal reinforcement component for aluminum alloy formwork system |
Patent
for utility models |
Approved |
CN201720390522.6 |
2017-04-14 |
E04G17/04(2006.01)I;
E04G9/06(2006.01)I |
CN206844655U |
|
5 |
Adjustable
horizontal rod for aluminum alloy formwork system |
Patent
for utility models |
Approved |
CN201720224165.6 |
2017-03-09 |
E04G17/065(2006.01)I |
CN206581603U |
|
6 |
Aluminum
alloy formwork 4 |
Appearance
design |
Approved |
CN201630645536.9 |
2016-12-25 |
25-01(11) |
CN304275938S |
|
7 |
Aluminum
alloy formwork 5 |
Appearance
design |
Approved |
CN201630645525.0 |
2016-12-25 |
25-01(11) |
CN304262245S |
|
8 |
An
aluminum alloy formwork system with a hook |
Patent
for utility models |
Approved |
CN201621429836.4 |
2016-12-25 |
E04G9/02(2006.01)I;
E04G17/00(2006.01)I |
CN206438760U |
|
9 |
Aluminum
alloy formwork 10 |
Appearance
design |
Approved |
CN201630645510.4 |
2016-12-25 |
25-01(11) |
CN304258283S |
|
10 |
An aluminum
alloy template L shaped hook side profile |
Patent
for utility models |
Approved |
CN201621429830.7 |
2016-12-25 |
E04G9/02(2006.01)I;
E04G17/00(2006.01)I |
CN206397114U |
|
11 |
Polygonal
reinforcing bar for aluminum alloy formwork system |
Patent
for utility models |
Approved |
CN201621429857.6 |
2016-12-25 |
E04G17/00(2006.01)I |
CN206397149U |
|
12 |
A
new type of aluminum alloy formwork on both sides of the groove |
Patent
for utility models |
Approved |
CN201621429834.5 |
2016-12-25 |
E04G9/10(2006.01)I |
CN206397125U |
|
13 |
An
aluminum alloy formwork cathode profile |
Patent
for utility models |
Approved |
CN201621429833.0 |
2016-12-25 |
E04G9/06(2006.01)I |
CN206397119U |
|
14 |
An aluminum
alloy template with positioning bar with double T character reinforcement and
screw |
Patent
for utility models |
Approved |
CN201621429843.4 |
2016-12-25 |
E04G9/02(2006.01)I;
E04G9/06(2006.01)I |
CN206397115U |
|
15 |
A L shaped
edge profile for aluminum alloy formwork system |
Patent
for utility models |
Approved |
CN201621429837.9 |
2016-12-25 |
E04G9/06(2006.01)I |
CN206397120U |
|
16 |
An
aluminum alloy profile with double T word reinforcement |
Patent
for utility models |
Approved |
CN201621429844.9 |
2016-12-25 |
E04G9/00(2006.01)I;
E04G9/06(2006.01)I |
CN206397113U |
|
17 |
Aluminum
alloy template 6 2 |
Appearance
design |
Approved |
CN201630645532.0 |
2016-12-25 |
25-01(11) |
CN304242112S |
|
18 |
Aluminum
alloy template 8 |
Appearance
design |
Approved |
CN201630645527.X |
2016-12-25 |
25-01(11) |
CN304242110S |
|
19 |
Aluminum
alloy template 6 |
Appearance
design |
Approved |
CN201630645524.6 |
2016-12-25 |
25-01(11) |
CN304242109S |
|
20 |
Aluminum
alloy template (3) |
Appearance
design |
Approved |
CN201630645531.6 |
2016-12-25 |
25-01(11) |
CN304242111S |
AUTHENTICATION
INFORMATION
|
- |
Certificate
Category |
Certificate
No. |
Issue
Date |
Expire
Date |
Status |
|
1 |
ISO9000 |
00215Q13427R1M |
2015-06-25 |
2018-06-24 |
Valid |
|
2 |
Environmental
management system certification |
00215E21383R1M |
2015-06-25 |
2018-06-24 |
Valid |
|
3 |
Certification
of China's occupational health and safety management system |
00215S11032R1M |
2015-06-25 |
2018-06-24 |
Valid |
EXPORT/IMPORT
PERMIT
|
EXPORT/IMPORT
PERMIT |
Yes |
IMPORT
/ EXPORT DETAILS
|
2016
Import / Export Volume (USD 1,000) |
|
|
Import
Volume |
Export
Volume |
|
- |
7,569.00 |
|
|
||||||||||||||
|
|
||||||||
|
Employee Number |
959 (compound) |
|
OTHER
INFORMATION |
The
above number of employees is obtained from subject's interim report of 2017. |
WEBSITES
|
- |
Website |
Name |
File No |
Registrant |
|
1 |
JIANGXI GETO NEW MATERIALS
CORPORATION LIMITED |
|
Website |
|
|
Country |
China |
|
Status |
|
|
Name |
JIANGXI GETO NEW MATERIALS
CORPORATION LIMITED |
|
Sponsor
Name |
JIANGXI GETO NEW MATERIALS
CORPORATION LIMITED |
ADMINISTRATIVE
INFORMATION
Ø
RANDOM INSPECTION
|
- |
Inspection
Party |
Type |
Date |
Result |
|
1 |
Market
Supervisory Administration - Fuzhou City |
sampling
inspection |
2016-08-31 |
Normal |
|
2 |
Market
Supervisory Administration - Fuzhou City |
Trustworthy |
2017-09-15 |
E_KEEPPROMISE_SPOTCHECK_RESULT |
Ø 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;
Ø 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;
Ø DEBT ARREARS LIST
As of
the reporting date, no related record about subject is found through below
sources:
A.
Major telecommunication operators of China;
PUBLIC
LISTED INFORMATION / ISSUED BONDS INFORMATION
|
Stock Exchange / Bonds Issuing Place |
National
Equities Exchange and Quotations |
|
Stock Code |
839065 |
|
Date of Listing / Issuing |
2016-08-26 |
|
Status |
Delist |
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 |
Tax
Bureau |
Tax
Bureau |
|
Audited
or Not |
Unknown |
Unknown |
|
Cash
and Equivalents |
13,997 |
44,504 |
|
Notes
Receivable |
847 |
- |
|
Accounts
receivable |
67,537 |
86,036 |
|
Advances
to Suppliers |
158 |
946 |
|
Other
Accounts Receivable |
17,314 |
22,237 |
|
Inventories |
10,714 |
39,660 |
|
Bond
Investment Due Within 1 Year |
- |
75 |
|
Other
Current Assets |
92,127 |
21,801 |
|
Total
Current Assets |
202,694 |
215,259 |
|
Long-term
Equity Investment |
3,547 |
63,393 |
|
Fixed
Assets |
54,717 |
261,260 |
|
Project
Being Constructed |
- |
21,261 |
|
Intangible
Asset |
6,026 |
11,328 |
|
Deferred
Income Tax Assets |
277 |
277 |
|
Total
Non-Current Assets |
64,567 |
357,519 |
|
Total
Assets |
267,261 |
572,778 |
|
Liabilities |
|
|
|
Year |
2016-12-31 |
2017-12-31 |
|
Short
Term Borrowings |
20,000 |
51,000 |
|
Notes
Payable |
12,970 |
22,035 |
|
Accounts
Payable |
55,021 |
100,533 |
|
Advances
from Customers |
10,554 |
76,013 |
|
Accrued
Payroll |
3,554 |
9,207 |
|
Taxes
Payable |
3,907 |
6,659 |
|
Interest
Payable |
67 |
215 |
|
Other
Account Payable |
653 |
798 |
|
Non-Current
Liability Due Within 1 Year |
1,661 |
- |
|
Other
Current Liabilities |
4,721 |
4,638 |
|
Total
Current Liabilities |
113,108 |
271,098 |
|
Long-term
Account Payable |
535 |
37,239 |
|
Total
Non-Current Liabilities |
535 |
37,239 |
|
Total
Liabilities |
113,643 |
308,337 |
|
Share
Capital (Paid-in Capital) |
66,000 |
75,000 |
|
Capital
Reserve |
40,025 |
78,725 |
|
Surplus
Reserve |
4,759 |
4,759 |
|
Undistributed
Profits |
42,834 |
105,957 |
|
Total
Owner’s Equity |
153,618 |
264,441 |
|
Total
Liabilities and Owner's Equity |
267,261 |
572,778 |
|
Income Statement |
|
|
|
Year |
2016-12-31 |
2017-12-31 |
|
Operating
Income |
164,012 |
- |
|
Operating
Cost |
98,469 |
- |
|
Tax
and Associate Charge |
704 |
- |
|
Operating
Gross Profit |
64,839 |
- |
|
Operating
Expenses |
9,109 |
- |
|
Administrative
Expenses |
16,089 |
- |
|
Financial
Expenses |
3,071 |
- |
|
Assets
Impairment Loss |
316 |
- |
|
Operating
Profit |
36,254 |
- |
|
Non-operating
Income |
4,476 |
- |
|
Non-operating
Expenses |
634 |
- |
|
Total
Profit |
40,096 |
- |
|
Income
Tax |
12,181 |
- |
|
Net
Profit |
27,915 |
- |
|
|
2016 |
Growth(%) |
2017 |
|
Operating
Income |
164,012 |
- |
- |
|
Total
Assets |
267,261 |
114.31 |
572,778 |
|
Working
Capital |
89,586 |
-162.33 |
-55,839 |
|
Total
Profit |
40,096 |
- |
- |
|
Net
Profit |
27,915 |
- |
- |
|
Total
Liabilities |
113,643 |
171.32 |
308,337 |
|
Total
Owner’s Equity |
153,618 |
72.14 |
264,441 |
|
Total
Current Assets |
202,694 |
6.20 |
215,259 |
|
Total
Current Liabilities |
113,108 |
139.68 |
271,098 |
|
Fixed
Assets |
54,717 |
377.48 |
261,260 |
IMPORTANT
RATIO
|
Profitability |
2016 |
2017 |
|
Return on net assets (%) |
18.17 |
- |
|
Return on total assets (%) |
10.44 |
- |
|
Net profit margin (%) |
17.02 |
- |
|
Gross Profit Margin (%) |
39.53 |
- |
|
Operation
capacity |
2016 |
2017 |
|
Turnover of total assets |
0.61 |
- |
|
Turnover of current assets |
0.81 |
- |
|
Turnover of account receivable |
2.43 |
- |
|
Turnover Days of Accounts Receivable |
148.24 |
- |
|
Solvency |
2016 |
2017 |
|
Liabilities to assets ratio
(%) |
42.52 |
53.83 |
|
Current ratio |
1.79 |
0.79 |
|
Quick ratio |
1.70 |
0.65 |
|
Development
capacity |
2016 |
2017 |
|
Yearly growth of total assets
(%) |
- |
114.31 |
FINANCIALS
& ANALYSIS
|
Financial Note |
1.
Subject’s Income Statement in 2017 is unavailable from all possible channels.
Please be noted. 2. Subject's
paid in capital in 2016 is inconsistent with that in 2017 due to registered
capital change in 2017. |
INDUSTRY INFORMATION
|
SIC (China) |
3359,Production of Metal Products For Other Construction
& Safety 【Major】 |
|
ISIC |
2599,Manufacture of other fabricated metal products n.e.c. |
|
NACE |
25.99,Manufacture of other fabricated metal products n.e.c. |
INDUSTRY FINANCIAL AVERAGE
|
- |
2016 |
Subject |
Best(10%) |
Average |
Worst(10%) |
|
Solvency |
Liabilities to Assets Ratio (%) |
42.52 |
55.59 |
63.44 |
96.36 |
|
Current ratio |
1.79 |
1.98 |
1.05 |
0.39 |
|
|
Quick ratio |
1.70 |
1.24 |
0.65 |
0.24 |
|
|
Development
Capacity |
Yearly Growth of Operating Income (%) |
- |
25.43 |
12.22 |
-5.78 |
|
Yearly Growth of Gross Profit (%) |
- |
22.22 |
7.77 |
-9.86 |
|
|
Yearly Growth of Total Assets (%) |
- |
17.90 |
6.29 |
-8.16 |
|
|
Profitability |
Return on net assets (%) |
18.17 |
11.11 |
4.54 |
-11.00 |
|
Return on total assets (%) |
10.44 |
6.79 |
2.56 |
-8.39 |
|
|
Gross profit margin (%) |
39.53 |
23.68 |
9.17 |
-3.51 |
|
|
Operation
Capacity |
Turnover of total assets |
0.61 |
2.20 |
0.87 |
0.28 |
|
Turnover of current assets |
0.81 |
3.03 |
1.31 |
0.37 |
|
|
Turnover days of account receivable |
148.24 |
32.02 |
61.39 |
156.96 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.77 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
|
CNY |
1 |
INR 10.57 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
KET |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.