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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

507777

Report Date :

11.05.2018

 

 

IDENTIFICATION DETAILS

 

Name :

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

 

 

Registered Office :

No.6 Weiwu Road, Shangyu Industrial Park, Hangzhou Gulf, Zhejiang Province

 

 

Country :

China

 

 

Financials (as on) :

31.12.2016

 

 

Date of Incorporation :

06.08.2004

 

 

Unified Social Credit Code.:

913306007258898636

 

 

Legal Form :

Limited Liabilities Company (Sino-Foreign Joint Venture)

 

 

Line of Business :

Subject is mainly engaged in R&D, production and sales of pharmaceutical and veterinary APIs. Its leading products are quinolone antibacterials, macrolide antibacterials, cephalosporin antibacterials, etc., including Ciprofloxacin hydrochloride, enrofloxacin, Azithromycin, Clarithromycin, roxithromycin, ceftezole sodium, Marbofloxacin, etc.

 

 

No. of Employees :

1,300

 

 


 

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 :

No Complaints

 

 

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

A male staff who refused to disclose his name

Tel

(86 575)82735643

Investigation Way

Telephone

 

 

 

 

ORDER DETAILS & INVESTIGATION RESULTS

 

-

Order Information

Verification

Name(English)

ZHEJIANG GUBONG PHARMACEUTICAL CO LTD

Inaccurate

Address (English)

NO 6 WEIWU ROAD HANGZHOU GULF SHANGYU 312369

Incomplete

 

 

ABSTRACT

 

BASIC INFORMATION

Name (English)

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD. (Confirmed by Subject's Employee)

Unified Social Credit Code

913306007258898636

AIC registration No.

330600400010566

National Organization Code

725889863

Company Status

Operational

Executive

Qiu Jiajun

Registered Capital

CNY 138,800,000.00

Date of Establishment

2004-08-06

Employee

1,300

Website

www.gbpharm.com

Company Size

Large

SIC (China)

2710,Production of Original Medicine of Chemical Drugs

Import/Export Permit

Yes

Judicial

17

 

CONTACTS

Tel

(86 575)82735643

Fax

(86 575)82730672

Address

No.6 Weiwu Road, Shangyu Industrial Park, Hangzhou Gulf, Shangyu District, Shaoxing City, Zhejiang Province(Factory; Office)

Address Post code

312369

Ownership

Unknown

 

GENERAL COMMENTS

RISK ANALYSIS

Established in Aug. 2004 with registered capital of CNY 138,800,000.00, SC is mainly engaged in R&D, production and sales of pharmaceutical and veterinary APIs. With years of operation, it has accumulated rich industry experience. Its shareholders can provide certain market background and technical support for Subject, which offers convenience for Subject's development. Currently, with large business scale, stable sales network and purchasing channels, subject enjoys certain popularity and influence in the industry.

According to Subject’s current financial information, its operating income of 2016 increases by 4.84% over that of 2015, indicating its business is developed well in 2016. High net profit margin of 2016 reflects subject’s profitability is good. Low turnover of total assets of 2016 indicates Subject has poor asset operation capacity. With low liabilities to assets ratio of 2016, subject has good long-term solvency.

 

 

REGISTRATION INFORMATION

 

REGISTRATION INFORMATION

Unified Social Credit Code

913306007258898636

AIC registration No.

330600400010566

Date of Establishment

2004-08-06

Registered Address

No.6 Weiwu Road, Shangyu Industrial Park, Hangzhou Gulf, Zhejiang Province

Registry

Market Supervision Administration - Shaoxing City

Legal Representative

Qiu Jiajun

Legal Form

Limited Liabilities Company (Sino-Foreign Joint Venture)

Registered Capital

CNY 138,800,000.00

Paid-in Capital

CNY 138,800,000.00

Latest Year of Annual Report

2016

Operation duration

2004-08-06 to 2024-08-05

Business Scope

Production of veterinary powder / premix, oral solution, non-aseptic APIs (Ciprofloxacin hydrochloride, enrofloxacin, diclazuril, Cyclopromethazine, Danofloxacin Mesylate, Marbofloxacin, Enrofloxacin hydrochloride, norfloxacin, Toltrazuril, Gamithromycin and tulathromycin), APIs (Deoxyuridine, Ciprofloxacin hydrochloride, Azithromycin, roxithromycin, Clarithromycin, norfloxacin, ciprofloxacin lactate, Simvastatin, Levamlodipine Besylate, fudosteine, azelnidipine, mitiglinide calcium, cefixime, cefuroxime axetil, Moxifloxacin hydrochloride, Levofloxacin, Levofloxacin Hydrochloride, solifenacin succinate, solifenacin succinate, Azilsartan, rivaroxaban and Apixaban);

Production of ethanol, methanol, hydrochloric acid, dichloromethane, toluene, acetonitrile, ethyl acetate, isopropanol, cyclohexane, acetone, isoamyl alcohol, xylene, piperazine, Dimethylformamide, formic acid, diazabicyclo, dioxane, triethylamine, acetic acid, propionic acid, mercapto acetic acid, methyl acetate, butyl acetate;

Production of mercapto benzothiazole, ammonium chloride, imidazole, sodium chloride, sodium sulfite, potassium bromide, sodium sulphate, paroline, ammonium sulphate, Cyclopropane carboxylic acid, Dihydrohigh erythromycin., Erythromycin oxime, sodium iso-octoate, Valerate, alumina, iodine, triphenylphosphine oxide, dimethylamine hydrochloride, Benzothiazole, potassium chloride;

Sales of self-produced products;

(Of the above business projects where a permit is required, permit shall be obtained.)

 

REGISTRATION CHANGES

-

Date

Item Changed

From

To

1

2012-04-18

Shareholder

Antou Holdings Limited (CNY 33,312,000.00), GUOBANG PHARMACHEM GROUP CO., LTD. (CNY 55,520,000.00) and Yubang Investment Ltd  (CNY 49,968,000.00)

Antou Holdings Limited CNY 55,628,264.00), GUOBANG PHARMACHEM GROUP CO., LTD. (CNY 55,520,000.00) and Yubang Investment Lt) (CNY 27,651,736.00)

2

2011-06-29

Shareholder

GUOBANG PHARMACHEM GROUP CO., LTD. (CNY 55,520,000.00) and Yubang Investment Ltd  (CNY 83,280,000.00)

Antou Holdings Limited ((CNY 33,312,000.00), GUOBANG PHARMACHEM GROUP CO., LTD.(CNY 55,520,000.00) and Yubang Investment Ltd (CNY 49,968,000.00)

3

2010-12-13

Registered capital

CNY80,800,000.00

CNY138,800,000.00

4

2010-12-13

Shareholder

GUOBANG PHARMACHEM GROUP CO., LTD (CNY 32,320,000.00) and Yubang Investment Ltd

 (CNY 48,480,000.00)

GUOBANG PHARMACHEM GROUP CO., LTD. (CNY 55,520,000.00) and Yubang Investment Ltd (CNY 83,280,000.00)

5

2009-05-08

Registered Address

Weiwu Road, Shangyu Fine Chemical Park

No.6 Weiwu Road, Shangyu Industrial Park, Hangzhou Gulf, Zhejiang Province

6

2009-05-08

Shareholder

Yubang Investment Ltd (CNY 80,800,000.00)

GUOBANG PHARMACHEM GROUP CO., LTD.  (CNY 32,320,000.00) and Yubang Investment Ltd ) (CNY 48,480,000.00)

7

2005-12-23

Registered capital

CNY32,000,000.00

CNY80,800,000.00

8

2005-12-23

Shareholder

Yubang Investment Ltd  (CNY 32,000,000.00)

Yubang Investment Ltd (CNY 80,800,000.00)

9

2005-09-14

Name

ZHEJIANG GUOBANG VETERINARY DRUGS CO., LTD. )

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

10

2004-12-17

Legal representative

Zhang Qiong

Qiu Jiajun

11

2004-10-26

Shareholder

Yubang Investment Ltd  (CNY 20,000,000.00)

Yubang Investment Ltd  (CNY 32,000,000.00)

12

2004-10-26

Registered capital

CNY20,000,000.00

CNY32,000,000.00

 

SHAREHOLDER INFORMATION

-

Name

% Ownership

Capital Contributed

Currency

Investment Way

Paid-in %

Country

1

Antou Holdings Limited

40.08

55,628,264.00

CNY

Capital

100

BVI

2

GUOBANG PHARMACHEM GROUP CO., LTD.

40.00

55,520,000.00

CNY

Capital

100

China

3

Yubang Investment Ltd

19.92

27,651,736.00

CNY

Capital

100

BVI

Total

 

100.0

138,800,000

 

 

 

 

 

ENTITY SHAREHOLDER

Name (English)

Antou Holdings Limited

Country

BVI

 

Name (English)

GUOBANG PHARMACHEM GROUP CO., LTD.

Country

China

Legal Representative

Qiu Jiajun

Registration No.

330600400009418

Unified Social Credit Code

91330600609690857C

Date of Establishment

1996-03-29

Legal Form

Limited Liabilities Company (Sino-Foreign Joint Venture)

Registered Capital

USD 9,295,900.00

Status

Operational

Registered Address

No.60 Xingmei Ave, Xinchang Provincial High-tech Industrial Park

 

Name (English)

Yubang Investment Ltd

Country

BVI

 

ULTIMATE HOLDING

-

Ultimate Shareholder

Investment Way

1

Antou Holdings Limited

Capital

 

English Name

Antou Holdings Limited

Country

BVI

Type

Entity Shareholder

Investment Way

Capital

Note

Antou Holdings Limited

-->40.08% ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

 

BRANCHES

No branch information of subject is searched out from database.

 

INVESTMENT IN OTHER COMPANIES

-

Name

License Status

Share Holding

Currency

% Ownership

1

Shaoxing Chenyu Chemical Co., Ltd.

Operational

25,000,000.00

CNY

100

2

Shaoxing Fujian Environmental Protection Technology Co., Ltd.

Operational

5,000,000.00

CNY

100.00

3

Shaoxing Shangyu Lianxin Recycled Material Recovery Co., Ltd

Operational

275,000.00

CNY

55.00

4

ZHEJIANG DONGYING PHARMACEUTICAL CO.,LTD.

Operational

234,057,776.00

CNY

100.00

5

Zhejiang Huada Pharmaceutical R & D Co., Ltd

Operational

52,880,000.00

CNY

100.00

 

Name (English)

Shaoxing Chenyu Chemical Co., Ltd.

Unified Social Credit Code

913306043255326623

License Status

Operational

Registration No.

330682000171230

Name Of Legal Representative

Qiu Jiajun

Legal Form

Limited Liabilities Company

Country

China

Registered Capital

CNY 25,000,000.00

Type

Subsidiary

Date of Establishment

2014-12-11

Share Holding

25,000,000.00

Currency

CNY

% Ownership

100

 

Name (English)

Shaoxing Fujian Environmental Protection Technology Co., Ltd.

Unified Social Credit Code

91330604MA28843CX3

License Status

Operational

Registration No.

330682000194291

Name Of Legal Representative

Yao Ligao

Legal Form

Limited Liabilities Company

Country

China

Registered Capital

CNY 5,000,000.00

Type

Subsidiary

Date of Establishment

2015-12-14

Share Holding

5,000,000.00

Currency

CNY

Way of Investment

Capital

% Ownership

100.00

 

Name (English)

Shaoxing Shangyu Lianxin Recycled Material Recovery Co., Ltd

Unified Social Credit Code

9133060469385899XH

License Status

Operational

Registration No.

330682000054740

Name Of Legal Representative

Lian Qiquan

Legal Form

Limited Liabilities Company

Country

China

Registered Capital

CNY 500,000.00

Type

Subsidiary

Date of Establishment

2009-09-04

Share Holding

275,000.00

Currency

CNY

Way of Investment

Capital

% Ownership

55.00

 

Name (English)

ZHEJIANG DONGYING PHARMACEUTICAL CO.,LTD.

Unified Social Credit Code

913306047804696423

License Status

Operational

Registration No.

330600400014325

Name Of Legal Representative

Qiu Jiajun

Legal Form

Limited Liabilities Company

Country

China

Registered Capital

CNY 234,057,776.00

Type

Subsidiary

Date of Establishment

2005-10-19

Share Holding

234,057,776.00

Currency

CNY

Way of Investment

Capital

% Ownership

100.00

 

Name (English)

Zhejiang Huada Pharmaceutical R & D Co., Ltd

Unified Social Credit Code

91330604739927162M

License Status

Operational

Registration No.

330682000010562

Name Of Legal Representative

Meng Zhongjian

Legal Form

Limited Liabilities Company

Country

China

Registered Capital

CNY 52,880,000.00

Type

Subsidiary

Date of Establishment

2002-06-05

Share Holding

52,880,000.00

Currency

CNY

Way of Investment

Capital

% Ownership

100.00

 

 

MANAGEMENT

 

LEGAL REPRESENTATIVE

Name

Qiu Jiajun

Country

China

Position

Chairman; General Manager

Gender

Male

Age

54

 

INVOLVEMENT IN OTHER COMPANIES

-

Name (English)

License Status

Legal Representative

Position

Type of Engagement

1

GUOBANG PHARMACHEM GROUP CO., LTD.

Operational

YES

Chairman; General Manager

Directorship

2

Hangzhou Guobang Enterprise Management Co., Ltd.

Operational

YES

Chairman

Directorship

3

Hangzhou Guoyi Industrial Co., Ltd.

Operational

YES

Chairman

Directorship

4

Hangzhou Yaoda Economic Information Consulting Co., Ltd.

Operational

YES

Executive Director

Directorship; Investment(10.00%)

5

SHANDONG GUOBANG PHARMACEUTICAL CO., LTD.

Operational

NO

Director

Directorship; Investment(12.74%)

6

Shaoxing Chenyu Chemical Co., Ltd.

Operational

YES

Executive Director

Directorship

7

Shaoxing Shangyu Gongsheng Trade Co., Ltd

Operational

YES

Executive Director; General Manager

Directorship

8

Xinchang Ande Trading Co., Ltd

Operational

YES

Executive Director; General Manager

Directorship; Investment(54.55%)

9

Xinchang Ansheng Investment Co., Ltd

Operational

YES

Executive Director

Directorship; Investment(60.00%)

10

Xinchang Hebao Biotechnology Co., Ltd.

Operational

YES

Executive Director; General Manager

Directorship

11

ZHEJIANG DONGYING PHARMACEUTICAL CO.,LTD.

Operational

YES

Chairman; General Manager

Directorship

12

Quzhou Guobang Health Industry Management Co., Ltd.

Operational

YES

Chairman

Directorship; Investment(20.00%)

13

Quzhou Guoyi Shanju Health Industry Co., Ltd.

Operational

YES

Chairman

Directorship

 

Name (English)

GUOBANG PHARMACHEM GROUP CO., LTD.

License Status

Operational

Name Of Legal Representative

Qiu Jiajun

Registered Capital

USD 9,295,900.00

Country

China

Registration No.

330600400009418

Unified Social Credit Code

91330600609690857C

Legal Form

Limited Liabilities Company (Sino-Foreign Joint Venture)

Position

Chairman; General Manager

Date of Establishment

1996-03-29

 

Name (English)

Hangzhou Guobang Enterprise Management Co., Ltd.

License Status

Operational

Name Of Legal Representative

Qiu Jiajun

Registered Capital

CNY 5,000,000.00

Country

China

Registration No.

330108000099397

Unified Social Credit Code

91330108596628965Y

Legal Form

Limited Liabilities Company

Position

Chairman

Date of Establishment

2012-05-31

 

Name (English)

Hangzhou Guoyi Industrial Co., Ltd.

License Status

Operational

Name Of Legal Representative

Qiu Jiajun

Registered Capital

CNY 100,000,000.00

Country

China

Registration No.

330181000529236

Unified Social Credit Code

91330109352424739H

Legal Form

Limited Liabilities Company

Position

Chairman

Date of Establishment

2015-08-17

 

Name (English)

Hangzhou Yaoda Economic Information Consulting Co., Ltd.

License Status

Operational

Name Of Legal Representative

Qiu Jiajun

Registered Capital

CNY 100,000.00

Country

China

Registration No.

330108000099143

Unified Social Credit Code

913301085966289574

Legal Form

Limited Liabilities Company

Share Holding

10,000.00

Currency Of Share Holding

CNY

Way of Investment

Capital

% Ownership

10.00

Position

Executive Director

Date of Establishment

2012-06-01

 

Name (English)

SHANDONG GUOBANG PHARMACEUTICAL CO., LTD.

License Status

Operational

Name Of Legal Representative

Zhu Yaqing

Registered Capital

CNY 104,730,000.00

Country

China

Registration No.

370700228073580

Unified Social Credit Code

91370700796196618F

Legal Form

Shares Limited Company (Unlisted)

Share Holding

13,340,000.00

Currency Of Share Holding

CNY

Way of Investment

Capital

% Ownership

12.74

Position

Director

Date of Establishment

2006-12-13

 

Name (English)

Shaoxing Chenyu Chemical Co., Ltd.

License Status

Operational

Name Of Legal Representative

Qiu Jiajun

Registered Capital

CNY 25,000,000.00

Country

China

Registration No.

330682000171230

Unified Social Credit Code

913306043255326623

Legal Form

Limited Liabilities Company

Position

Executive Director

Date of Establishment

2014-12-11

 

Name (English)

Shaoxing Shangyu Gongsheng Trade Co., Ltd

License Status

Operational

Name Of Legal Representative

Qiu Jiajun

Registered Capital

HKD 77,080,000.00

Country

China

Registration No.

330600400023473

Unified Social Credit Code

91330600598527017M

Legal Form

Limited Liabilities Company (Foreign Invested)

Position

Executive Director; General Manager

Date of Establishment

2012-06-26

 

Name (English)

Xinchang Ande Trading Co., Ltd

License Status

Operational

Name Of Legal Representative

Qiu Jiajun

Registered Capital

CNY 500,000.00

Country

China

Registration No.

330624000030146

Unified Social Credit Code

913306245586385565

Legal Form

Limited Liabilities Company

Share Holding

272,750.00

Currency Of Share Holding

CNY

Way of Investment

Capital

% Ownership

54.55

Position

Executive Director; General Manager

Date of Establishment

2010-07-16

 

Name (English)

Xinchang Ansheng Investment Co., Ltd

License Status

Operational

Name Of Legal Representative

Qiu Jiajun

Registered Capital

CNY 10,000,000.00

Country

China

Registration No.

330624000081970

Unified Social Credit Code

91330624MA28814C81

Legal Form

Limited Liabilities Company

Share Holding

6,000,000.00

Currency Of Share Holding

CNY

% Ownership

60.00

Position

Executive Director

Date of Establishment

2015-10-23

 

Name (English)

Xinchang Hebao Biotechnology Co., Ltd.

License Status

Operational

Name Of Legal Representative

Qiu Jiajun

Registered Capital

CNY 20,000,000.00

Country

China

Registration No.

330624000007648

Unified Social Credit Code

913306247045057603

Legal Form

Limited Liabilities Company

Position

Executive Director; General Manager

Date of Establishment

1999-03-26

 

Name (English)

ZHEJIANG DONGYING PHARMACEUTICAL CO.,LTD.

License Status

Operational

Name Of Legal Representative

Qiu Jiajun

Registered Capital

CNY 234,057,776.00

Country

China

Registration No.

330600400014325

Unified Social Credit Code

913306047804696423

Legal Form

Limited Liabilities Company

Position

Chairman; General Manager

Date of Establishment

2005-10-19

 

Name (English)

Quzhou Guobang Health Industry Management Co., Ltd.

License Status

Operational

Name Of Legal Representative

Qiu Jiajun

Registered Capital

CNY 100,000,000.00

Country

China

Registration No.

330822000052381

Legal Form

Limited Liabilities Company

Share Holding

20,000,000.00

Currency Of Share Holding

CNY

% Ownership

20.00

Position

Chairman

Date of Establishment

2017-08-01

 

Name (English)

Quzhou Guoyi Shanju Health Industry Co., Ltd.

License Status

Operational

Name Of Legal Representative

Qiu Jiajun

Registered Capital

CNY 100,000,000.00

Country

China

Registration No.

330822000011828

Unified Social Credit Code

913308226995317601

Legal Form

Limited Liabilities Company

Position

Chairman

Date of Establishment

2010-01-11

 

MANAGEMENT

-

Name

Position

Gender

1

Qiu Jiajun

Chairman; General Manager

Male

 

DIRECTORS AND SUPERVISORS

-

Name

Position

Gender

1

Qiu Jiajun

Chairman; General Manager

Male

2

Mao Shifu

Director

-

3

Zhu Yaqing

Director

-

4

Zhu Mingxing

Director

-

5

Gong Yuda

Director

-

6

Gao Yuntai

Supervisor

-

 

 

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;

 

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

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2016) ZHE 0604 Min Chu 7644

Position

Plaintiff

Hearing Court

People’s Court of Shangyu Dist, Shaoxing City, Zhejiang Province

Date Type

Filing Date

Date

2016-11-11

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2016) ZHE 0604 Min Chu 5992

Position

Defendant

Hearing Court

People’s Court of Shangyu Dist, Shaoxing City, Zhejiang Province

Date Type

Trial Date

Date

2016-10-09

Cause

Labor dispute

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2016) ZHE 0604 Min Chu 3677

Position

Plaintiff

Hearing Court

People’s Court of Shangyu Dist, Shaoxing City, Zhejiang Province

Date Type

Filing Date

Date

2016-05-17

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2016) ZHE 0604 Min Chu 3671

Position

Plaintiff

Hearing Court

People’s Court of Shangyu Dist, Shaoxing City, Zhejiang Province

Date Type

Filing Date

Date

2016-05-17

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2016) ZHE 0604 Min Chu 2312

Position

Party Involved

Hearing Court

People’s Court of Shangyu Dist, Shaoxing City, Zhejiang Province

Date Type

Delivery Date

Date

2016-05-14

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2016) ZHE 0103 Min Chu 2914

Position

Plaintiff

Hearing Court

People’s Court of Xiacheng Dist, Hangzhou City, Zhejiang Province

Date Type

Filing Date

Date

2016-04-28

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2014) SHAO Yu Xing Chu Zi 76

Position

Party Involved

Hearing Court

People’s Court of Shangyu Dist, Shaoxing City, Zhejiang Province

Date Type

Filing Date

Date

2014-01-08

CIVIL & COMMERCIAL JUDGMENT DOCUMENT

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2017) ZHE 0604 Zhi Yi 24

Hearing Court

People’s Court of Shangyu Dist, Shaoxing City, Zhejiang Province

Court Type

Basic People’s Court

Cause of Action

Opposition to execution

Value

0

Position

Appellor

Date of Closing

2017-07-26

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2017) ZHE 0604 Zhi 307

Hearing Court

People’s Court of Shangyu Dist, Shaoxing City, Zhejiang Province

Court Type

Basic People’s Court

Cause of Action

Dispute of pledge contract

Value

0

Position

Appellor

Date of Closing

2017-03-03

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2017) ZHE 0604 Zhi 306

Hearing Court

People’s Court of Shangyu Dist, Shaoxing City, Zhejiang Province

Court Type

Basic People’s Court

Cause of Action

Dispute of pledge contract

Value

0

Position

Appellor

Date of Closing

2017-03-03

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2016) ZHE 0604 Min Chu 7644

Hearing Court

People’s Court of Shangyu Dist, Shaoxing City, Zhejiang Province

Court Type

Basic People’s Court

Cause of Action

Dispute of recourse

Value

60,895,580.85

Position

Plaintiff

Date of Closing

2016-12-22

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2016) ZHE 0604 Min Chu 2312

Hearing Court

People’s Court of Shangyu Dist, Shaoxing City, Zhejiang Province

Court Type

Basic People’s Court

Cause of Action

Motor vehicle traffic accident liability dispute

Value

133,300

Position

Plaintiff

Date of Closing

2016-08-12

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2016) ZHE 0604 Min Chu 3671

Hearing Court

People’s Court of Shangyu Dist, Shaoxing City, Zhejiang Province

Court Type

Basic People’s Court

Cause of Action

Dispute of pledge contract

Value

0

Position

Plaintiff

Date of Closing

2016-08-10

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2016) ZHE 0604 Min Chu 3677

Hearing Court

People’s Court of Shangyu Dist, Shaoxing City, Zhejiang Province

Court Type

Basic People’s Court

Cause of Action

Dispute of pledge contract

Value

0

Position

Plaintiff

Date of Closing

2016-08-10

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Government ID. / AIC Registration No.

913306007258898636

File No.

(2012) SHAO Zhu Mei Shang Chu Zi 159

Hearing Court

People’s Court of Zhuji City, Zhejiang Province

Court Type

Basic People’s Court

Cause of Action

Sales contract dispute

Value

0

Position

Defendant

Date of Closing

2012-04-19

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

File No.

(2010) ZHE Shao Min Zhong Zi 105

Hearing Court

Intermediate People’s Court of Shaoxing City, Zhejiang Province

Court Type

Intermediate People’s Court

Cause of Action

Unjust enrichment dispute

Position

Defendant

 

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

File No.

(2014) SHAO Yu Xing Chu Zi 76

Hearing Court

People’s Court of Shangyu Dist, Shaoxing City

Court Type

Basic People’s Court

Cause of Action

Larceny

 

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

Main Business

R&D, production and sales of pharmaceutical and veterinary APIs

Products & Service

SC is mainly engaged in R&D, production and sales of pharmaceutical and veterinary APIs. Its leading products are quinolone antibacterials, macrolide antibacterials, cephalosporin antibacterials, etc., including Ciprofloxacin hydrochloride, enrofloxacin, Azithromycin, Clarithromycin, roxithromycin, ceftezole sodium, Marbofloxacin, etc.

Production Information

Subject has state-level postdoctoral research station, provincial drug research institute and provincial enterprise technology center.

OTHER INFORMATION

Subject has obtained ISO 9001: 2008, ISO14001, GMP, EUGMP (EU), FDA (USA), PMDA (Japan), ANVISA (Brazil), KFDA (South Korea), etc.

 

The information of Subject's Production Licence for Medicines obtained from official source is as below:

Company Name: ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.;

Registered Address: No.6 Weiwu Road, Shangyu Industrial Park, Hangzhou Gulf, Zhejiang Province;

Legal Representative: Qiu Jiajun

Person in Charge: Yao Ligao

Quality Supervisor: Zhou Likui ;

Legal Form: Limited Liabilities Company (Sino-Foreign Joint Venture);

Licence No.: ZHE 20050288;

Scope of Production: APIs;

Date of Issuance: 2016-01-06;

Date of Expiry: 2019-12-24.

 

OPERATION FACILITIES

Business Address

No.6 Weiwu Road, Shangyu Industrial Park, Hangzhou Gulf, Shangyu District, Shaoxing City, Zhejiang Province(Factory; Office)

Tel

(86 575)82735643

Fax

(86 575)82730672

Post code

312369

Environment

Major industrial areas

Ownership

Unknown

Traffic Condition

Convenient

 

SALES INFORMATION

Region

Products

Customer Type

Number of Customers

Payment Terms

Region

Percentage

Domestic

Pharmaceutical and veterinary APIs, etc

Medical institutions, traders, etc

Over 50

Credit payment, immediate payment, etc

All over China

45

International

Pharmaceutical and veterinary APIs, etc

Traders, etc

Over 50

L/C, T/T, etc

Europe, America, Asia, etc.

55

OTHER INFORMATION

SC's sales business is developed at home and abroad. Its domestic sales network covers all over China and its exporting regions cover Bangladesh, India, the Netherlands, Spain, Germany, Vietnam, South Korea, etc. Its customers include medical institutions, traders, etc. Currently it has established certain sales network.

 

MAJOR CUSTOMERS

-

Name

Legal Form

Country

1

JIANGSU SHENLONG PHARMACEUTICAL CO., LTD.

Shares Limited Company (Unlisted)

China

 

Name (English)

JIANGSU SHENLONG PHARMACEUTICAL CO., LTD.

Country

China

Legal Form

Shares Limited Company (Unlisted)

 

PURCHASE INFORMATION

Region

Main Products Purchased

Number of Suppliers

Payment Terms

Region

Percentage

Domestic

Hydroxylamine hydrochloride and other chemical raw materials, production equipment, office supplies, etc

Over 20

Credit payment, immediate payment, etc

All over China

80

International

Plastic bags, etc

Over 5

L/C, T/T, etc

Pakistan, Turkey, the United States, etc.

20

OTHER INFORMATION

SC's purchasing business is developed at home and abroad. Its hydroxylamine hydrochloride and other chemical raw materials, production equipment, office supplies, etc are mainly purchased domestically and partial plastic bags, etc are imported from Pakistan, Turkey, the United States, etc. Currently it has stable purchasing channels.

 

MAJOR SUPPLIERS

-

Name

Legal Form

Country

1

SHANDONG BAOYUAN CHEMICAL CO.,LTD.

Limited Liabilities Company

China

 

Name (English)

SHANDONG BAOYUAN CHEMICAL CO.,LTD.

Country

China

Legal Form

Limited Liabilities Company

 

CREDIT RECORDS

-

Supplier Name

Product Supplied

Cooperation Period

Payment History

1

SHANDONG BAOYUAN CHEMICAL CO.,LTD.

Hydroxylamine hydrochloride, etc

Long term

Prompt

 

Name (English)

SHANDONG BAOYUAN CHEMICAL CO.,LTD.

Country

China

Product Supplied

Hydroxylamine hydrochloride, etc

Payment History

Prompt

Cooperation Period

Long term

Terms

Prepayment

Date of Interview

2018-05-08

Name of Interviewee

A male staff who refused to disclose his name

Tel

(86 533) 8516388

Comment

The referee confirmed that Subject is one of the above company’s clients and Subject made payment in time.

 

 

BANK INFORMATION

MORTGAGE

-

File No.

Mortgagee Name

Mortgagee Type

Mortgagor Name

Collateral

1

Yu Gong Shang Zi 276249

Bank of Communications Limited Shaoxing Xinchang Branch

-

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Real estate (including land area of 85,770 square meters)

 

File No.

Yu Gong Shang Zi 276249

Mortgagee Name

Bank of Communications Limited Shaoxing Xinchang Branch

Mortgage Type

Chattel mortgage

Mortgagor Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Collateral

Real estate (including land area of 85,770 square meters)

Quantity, quality, condition, location, etc

7,427

Type of Principal Debt

Loans

Principal Claim Amount

CNY 66,000,000

Start Date

2012-12-19

End Date

2014-12-18

File Party

Administration Bureau of Industry and Commerce - Shangyu City

 

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

-

Patent Name

Patent Type

Status

Application No.

Application date

Classification

Publication No.

1

Synthesis of floxacin

Invention

Published

CN201710826618.7

2017-09-14

C07D498/06(2006.01)I

CN107522718A

2

Reduction method of phenylacetonitrile

Invention

Published

CN201710199266.7

2017-03-29

C07C253/30(2006.01)I; C07C253/34(2006.01)I; C07C255/42(2006.01)I

CN106883148A

3

Flocculating sedimentation device

Patent for utility models

Approved

CN201720019623.2

2017-01-09

C02F1/52(2006.01)I; C02F9/04(2006.01)I

CN206486330U

4

Circulating water filtration concentration device

Patent for utility models

Approved

CN201720019946.1

2017-01-09

C02F9/04(2006.01)I; C02F11/12(2006.01)I

CN206486377U

5

Crystal reaction equipment for Roxithromycin production

Patent for utility models

Approved

CN201720019878.9

2017-01-09

B01D9/02(2006.01)I; B01J19/18(2006.01)I; B01J4/02(2006.01)I; B01J19/00(2006.01)I

CN206483181U

6

Centrifuge structure

Patent for utility models

Approved

CN201720019876.X

2017-01-09

B04B7/06(2006.01)I

CN206483583U

7

Preparation method of Gamithromycin

Invention

Published

CN201610087766.7

2016-02-17

C07H17/00(2006.01)I; C07H1/00(2006.01)I

CN105646618A

8

Clarithromycin crystal transformation method

Invention authorization

Published

CN201310046349.4

2013-02-06

C07H17/08(2006.01)I; C07H1/06(2006.01)I

CN103087130B

9

Preparation method of azithromycin

Invention authorization

Published

CN201310046347.5

2013-02-06

C07H17/00(2006.01)I; C07H1/00(2006.01)I

CN103087125B

10

Preparation method of Levofloxacin

Invention

Published

CN201310040233.X

2013-02-01

C07D498/06(2006.01)I

CN103113388A

11

Synthesis method of fudosteine

Invention

Published

CN201310040183.5

2013-02-01

C07C323/58(2006.01)I; C07C319/18(2006.01)I

CN103113273A

12

Preparation of 1- methyl -5-[3- methyl -4- (4- trifluoromethane-phenoxy) - phenyl]-biuret and application thereof

Invention authorization

Published

CN201210214999.0

2012-06-27

C07C323/20(2006.01)I; C07C319/20(2006.01)I; C07D251/30(2006.01)I

CN102731351B

13

Methylation in clarithromycin synthesis process and recovery method of methylation reagents

Invention authorization

Published

CN201210214998.6

2012-06-27

C07H17/08(2006.01)I

CN102718821B

14

Synthesis method of Clarithromycin intermediate

Invention authorization

Published

CN201210068990.3

2012-03-15

C07H23/00(2006.01)I; C07H1/00(2006.01)I

CN102633851B

15

Crystallization method of G - G trihydrate

Invention

Published

CN201110429323.9

2011-12-20

C07D501/22(2006.01)I; C07D501/12(2006.01)I; C07D501/04(2006.01)I

CN102516262A

16

Preparation method of Azithromycin-hydrate

Invention authorization

Published

CN201110429250.3

2011-12-20

C07H17/00(2006.01)I; C07H1/00(2006.01)I

CN102417531B

17

A kind of cooling system

Patent for utility models

Approved

CN201120536322.X

2011-12-20

F04D29/58(2006.01)I

CN202402362U

18

Preparation method of (R,S) 1-Bromo ethyl acetate

Invention authorization

Published

CN201110429303.1

2011-12-20

C07C69/63(2006.01)I; C07C67/287(2006.01)I

CN102417451B

19

Synthetic method of 5- deamine-6-o-methylerythromycin.

Invention

Published

CN201110429285.7

2011-12-20

C07H17/08(2006.01)I; C07H1/00(2006.01)I

CN102417532A

20

Preparation method of Cefdinir

Invention

Published

CN201110429321.X

2011-12-20

C07D501/22(2006.01)I; C07D501/04(2006.01)I; C07D501/12(2006.01)I

CN102516261A

 

AUTHENTICATION INFORMATION

-

Certificate Category

Certificate No.

Issue Date

Expire Date

Status

1

Environmental Management System Certification

05616E20104R3L

2016-12-30

2018-09-15

Valid

2

Quality Management System Certification (ISO9000)

15/15Q6879R50

2015-12-09

2018-09-14

Valid

3

Environmental Management System Certification

05614E20012R2M

2014-01-24

2017-01-23

Expired

4

Quality Management System Certification (ISO9000)

15/12Q6548R40

2012-11-30

2015-11-29

Expired

 

EXPORT/IMPORT PERMIT

EXPORT/IMPORT PERMIT

Yes

IMPORT / EXPORT DETAILS

2016 Import / Export Volume (USD 1,000)

Import Volume

Export Volume

3.00

123,475.00

 

 

2016 Importing Regions (USD 1,000)

Importing Regions

Import Volume

Turkey

2

U.S.A

2

Description: expcon_pic

 

2016 Exporting Regions (USD 1,000)

Exporting Regions

Export Volume

India

26,255

the Netherlands

16,219

Spain

8,573

Germany

6,443

Vietnam

6,434

Other countries

59,554

Description: expcon_pic

 

2016 Imported Products (USD 1,000)

Imported Products

Import Volume

Other

1

Other articles for the conveyance or packing of goods, of plastics

2

Description: expcon_pic

 

2016 Exported Products (USD 1,000)

Exported Products

Export Volume

Other

34,154

Erythromycin and its derivatives;  salts thereof

57,645

Other

4,120

Containing other antibiotics

20,017

Other

4,122

Description: expcon_pic

 

2015 Import / Export Volume (USD 1,000)

Import Volume

Export Volume

9.00

129,946.00

 

 

2015 Importing Regions (USD 1,000)

Importing Regions

Import Volume

Pakistan

2

Turkey

7

Description: expcon_pic

 

2015 Exporting Regions (USD 1,000)

Exporting Regions

Export Volume

India

33,919

Spain

13,546

Germany

7,398

Bangladesh

6,579

Other countries

63,201

Korea

5,305

Description: expcon_pic

 

2015 Imported Products (USD 1,000)

Imported Products

Import Volume

Other articles for the conveyance or packing of goods, of plastics

7

Other

2

Description: expcon_pic

 

2015 Exported Products (USD 1,000)

Exported Products

Export Volume

Erythromycin and its derivatives;  salts thereof

53,822

Other

34,795

Containing other antibiotics

26,773

Other

3,236

Other

2,570

Description: expcon_pic

 

EMPLOYEE

Employee Number

1,300

OTHER INFORMATION

The above information was obtained from public channels.

 

WEBSITES

-

Website

Name

File No

Registrant

1

www.gbpharm.com

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD

Zhe ICP 08011652-1

Xu Xuejun

 

Website

www.gbpharm.com

Country

China

Status

Normal

Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD

Sponsor Name

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Hosted By

Company

File No.

Zhe ICP 08011652-1

Registrant

Xu Xuejun

Source

Ministry of Industry and Information Technology

 

 

ADMINISTRATIVE INFORMATION

 

ADMINISTRATIVE LICENSES & IDENTIFICATIONS

-

License No.

License Name

1

ZJ20150093

Good Supply Practice Certification

2

AQB330682WH20170170

Standard enterprise for safety production

3

ZJ20150167

Good Supply Practice Certification

4

ZJ20130125

Good Supply Practice Certification

5

(ZJ)WH AN XU ZHENG ZI (2015)-D-2260

Administrative license for safety production

6

(ZJ)WH AN XU ZHENG ZI  (2017)-D-0305

Administrative license for safety production

 

License No.

ZJ20150093

License Name

Good Supply Practice Certification

Expire date

2020-07-06

Issuing party

Zhejiang Food and Drug Administration

License Content

APIs (Ciprofloxacin lactate, mitiglinide calcium, azelnidipine and Doxifluridine)

 

License No.

AQB330682WH20170170

License Name

Standard enterprise for safety production

Expire date

2020-02-12

Issuing party

Zhejiang Administration of Work Safety

License Content

Standardization level: 3

 

License No.

ZJ20150167

License Name

Good Supply Practice Certification

Expire date

2020-12-24

Issuing party

Zhejiang Food and Drug Administration

License Content

APIs (Azithromycin and fudosteine)

 

License No.

ZJ20130125

License Name

Good Supply Practice Certification

Expire date

2018-11-13

Issuing party

Zhejiang Food and Drug Administration

License Content

APIs (Roxithromycin, Clarithromycin and Ciprofloxacin hydrochloride)

 

License No.

(ZJ)WH AN XU ZHENG ZI (2015)-D-2260

License Name

Administrative license for safety production

Expire date

2018-04-19

Issuing party

Zhejiang Administration of Work Safety

License Content

Annual output: 2,000 tons of dichloromethane, 450 tons of methanol, 620 tons of acetonitrile, 2,800 tons of ethyl acetate, 950 tons of isopropanol, 2,100 tons of cyclohexane, 1,900 tons of acetone, 840m³/h of compressed air and 200m³/h compressed nitrogen

 

License No.

(ZJ)WH AN XU ZHENG ZI  (2017)-D-0305

License Name

Administrative license for safety production

Expire date

2020-06-18

Issuing party

Zhejiang Administration of Work Safety

License Content

Annual output: 350m³/h of oxygen, 800m³/h of nitrogen;

Annual filling: 1,000 tons of carbon dioxide, 1,000 tons of argon, 1,000 tons of argon and carbon dioxide

ADMINISTRATIVE PUNISHMENTS

-

File No.

Punishment

1

Yu Huan Fa Zi (2015) 12

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.  was fined CNY 241,302.00.

2

Yu Huan Fa Zi (2016) 186

Abnormal use of water pollutants treatment facilities of ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD. was registered and investigated on 2016-05-02.

3

Yu Huan Fa Zi (2016) 13

-

4

Yu An Jian Guan Fa Zi [2015] 22

Liabilities for explosion accident

5

Yu Huan Fa Zi (2017) 10

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD. was fined CNY 80,000.00;

 

File No.

Yu Huan Fa Zi (2015) 12

Illegal Activities

Abnormal use of water pollutants treatment facilities

Punishment

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.  was fined CNY 241,302.00.

Issuing Party

Environmental Protection Bureau - Shangyu City

Issuing Date

2015-01-30

 

File No.

Yu Huan Fa Zi (2016) 186

Illegal Activities

Abnormal use of water pollutants treatment facilities

Punishment

Abnormal use of water pollutants treatment facilities of ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD. was registered and investigated on 2016-05-02.

Issuing Party

Environmental Protection Bureau - Shangyu City

Issuing Date

2016-07-05

 

File No.

Yu Huan Fa Zi (2016) 13

Illegal Activities

Abnormal use of air pollutants treatment facilities

Issuing Party

Environmental Protection Bureau - Shangyu City

Issuing Date

2016-01-21

 

File No.

Yu An Jian Guan Fa Zi [2015] 22

Illegal Activities

Guobang Pharmaceutical "8•10" explosion accident administrative penalty

Punishment

Liabilities for explosion accident

Issuing Party

Zhejiang Administration of Work Safety

Issuing Date

2015-12-30

 

File No.

Yu Huan Fa Zi (2017) 10

Illegal Activities

Discharge of foul gas

Punishment

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD. was fined CNY 80,000.00;

Issuing Party

Environmental Protection Bureau - Shangyu City

Issuing Date

2017-02-14

ABNORMAL TAX PAYER

Tax Payer

ZHEJIANG GUOBANG PHARMACEUTICAL CO., LTD.

Authority / Information Source

Shangyu Municipal Office, SAT

Value

0

Date

2011-09-20

 

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;

 

DEBT ARREARS LIST

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

A. Major telecommunication operators of China;

 

 

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

2015-12-31

2016-12-31

Report Type 

Annual Report

Annual Report

Statement Type 

Individual

Individual

Source 

AIC

AIC

Audited or Not 

Unknown

Unknown

Total Assets 

1,498,590

1,662,902

Liabilities

 

 

Year

2015-12-31

2016-12-31

Total Liabilities

803,933

797,491

Total Owner’s Equity

694,657

865,411

Total Liabilities and Owner's Equity

1,498,590

1,662,902

Description: expcon_pic

Income Statement

 

 

Year

2015-12-31

2016-12-31

Operating Income

1,387,612

1,454,788

Total Profit

106,442

197,819

Income Tax

15,997

29,673

Net Profit

90,445

168,146

 

GROWTH RATE OF MAJOR FINANCIAL

 

2015

Growth(%)

2016

Operating Income   

1,387,612

4.84

1,454,788

Total Assets

1,498,590

10.96

1,662,902

Total Profit   

106,442

85.85

197,819

Net Profit   

90,445

85.91

168,146

Total Liabilities   

803,933

-0.80

797,491

Total Owner’s Equity   

694,657

24.58

865,411

IMPORTANT RATIO

Profitability

2015

2016

Return on net assets (%)

13.02

19.43

Return on total assets (%)

6.04

10.11

Net profit margin (%)

6.52

11.56

Operation capacity

2015

2016

Turnover of total assets

0.93

0.87

Solvency

2015

2016

Liabilities to assets ratio (%)

53.65

47.96

Development capacity

2015

2016

Yearly Growth of Operating Income (%)

-

4.84

Yearly growth of total assets (%)

-

10.96

 

FINANCIALS & ANALYSIS

Financial Note

Subject’s detailed financial information of 2015 and 2016 is unavailable through all available channels. Subject’s staff was contacted but declined to provide relevant financial information. Hence only Subject’s financial summaries of 2015 and 2016 obtained from AIC source are provided for client’s reference.

 

 

INDUSTRY INFORMATION

 

INDUSTRY CODE

SIC (China)

2710,Production of Original Medicine of Chemical Drugs Major

ISIC

2100,Manufacture of medicines, medical products and herbal medicines

NACE

21.1,Manufacture of medicines, medical products and herbal medicines

 

INDUSTRY FINANCIAL AVERAGE

-

2015

Subject

Best(10%)

Average

Worst(10%)

Solvency

Liabilities to Assets Ratio (%)

53.65

45

54

76.50

Current ratio

-

2.22

1.55

1.01

Quick ratio

-

1.39

0.96

0.63

Development Capacity

Yearly Growth of Operating Income (%)

-

32.93

15.01

-7.11

Yearly Growth of Gross Profit (%)

-

26.77

6.61

-9.90

Yearly Growth of Total Assets (%)

-

28.22

11.54

-4.14

Profitability

Return on net assets (%)

13.02

24.30

11.87

-2.16

Return on total assets (%)

6.04

14.45

8.62

-1.62

Gross profit margin (%)

-

50.51

35.39

14.67

Operation Capacity

Turnover of total assets

0.93

1.57

0.67

0.22

Turnover of current assets

-

2.91

1.79

1.01

Turnover days of account receivable

-

24.00

54.92

98.18

 

-

2016

Subject

Best(10%)

Average

Worst(10%)

Solvency

Liabilities to Assets Ratio (%)

47.96

47.70

55.62

74.20

Current ratio

-

2.35

1.59

0.98

Quick ratio

-

1.47

0.99

0.61

Development Capacity

Yearly Growth of Operating Income (%)

4.84

34.90

15.46

-6.90

Yearly Growth of Gross Profit (%)

-

28.37

6.81

-9.60

Yearly Growth of Total Assets (%)

10.96

29.92

11.88

-4.02

Profitability

Return on net assets (%)

19.43

25.76

12.23

-2.10

Return on total assets (%)

10.11

15.31

8.88

-1.57

Gross profit margin (%)

-

53.54

36.45

14.23

Operation Capacity

Turnover of total assets

0.87

1.66

0.69

0.22

Turnover of current assets

-

3.09

1.85

0.98

Turnover days of account receivable

-

25.44

56.57

95.24

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

INR 6738

UK Pound

1

INR 91.39

Euro

1

INR 79.89

CNY

1

INR 10.62

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

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)

 

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.