ON-DEMAND BUSINESS REPORT

Transcription

1 ON-DEMAND BUSINESS REPORT FINANCIAL REPORT COMPANY: SHANGHAI XXXX DEVELOPMENT CO., LTD. ORDER DATE: MAY 08,2006 REPORTING DATE: MAY 15,2006 REPORT NUMBER: FriedlNet.com Page 1/10

2 INVESTIGATION NOTES... 3 IMPORTANT EVENTS... 4 REGISTRATION... 5 SHAREHOLDERS AND SHARES... 5 AFFILIATE(S)... 6 NUMBER OF EMPLOYEES... 7 MAIN BUSINESS... 7 FINANCE... 7 NOTES TO FINANCE... 9 INDUSTRIAL COMPARISON FriedlNet.com Page 2/11

3 Your Enquiry Given Telephone Given Facsimile Type of Enquiry SHANGHAI XXX TECHNOLOGY DEVELOPMENT CO., LTD. (021) 61XXXXXX (021) 61XXXXXX Normal Subject Name SHANGHAI XXX TECHNOLOGY DEVELOPMENT CO., LTD. Business Address Suite B, 24/F, 88 XXX Rd., Shanghai Zip Code Telephone (021) 61XXXXXX Facsimile (021) 61XXXXXX Website AIC Registration Nr. 310XXXXXXXXXX Organization Code INVESTIGATION NOTES The address of Subject given in your enquiry proves to be the business address of Subject before The present business address of Subject is Suite B, 24/F, 88 XXX Rd., Shanghai. FriedlNet.com Page 3/11

4 Currency in this report is Chinese Yuan unless otherwise stated. "--" in this report indicates "unavailable" due to insufficient information or "no comments". Registered Address: No. 16 XXX Highway, Shanghai Zip Code: Telephone: Facsimile: (86-021) 61XXXXXX (86-021) 67XXXXXX Business Address: Suite B, 24/F, 88 XXX Rd., Shanghai Zip Code: Telephone: Facsimile: (86-021) 61XXXXXX (86-021) 61XXXXXX Website: Organization Code: SIC Code (China): 6370, wholesale of mechanical equipment, hardware, electric apparatuses and electronic products IMPORTANT EVENTS Subject changed its name from Shanghai XXX Technology Development Co., Ltd. to the present one in Apr FriedlNet.com Page 4/11

5 REGISTRATION Date of Establishment: May 18, 1997 Registry: Legal Representative: Shanghai Municipal Administration for Industry and Commerce XXX AIC Registration Number: 310XXXXXXXXXX Legal Status: Registered Capital: 10,000, Business Scope: Other limited liability company Computer system equipment, office automation equipment, communication equipment, mechanical and electrical equipment (wholesale & retail, and purchasing and marketing on a commission basis) Duration of Operation: From May 18, 1997 To May 17, 2016 Changes in Registration: April 2005: Subject's registered capital was increased from RMB1 million to the present amount. SHAREHOLDERS AND SHARES As indicated in the following table: Shareholders Capital Subscribed Percentage Shanghai XXX Co., Ltd. 5,100, % XXX 4,000, % XXX 900, % Total 10,000, % FriedlNet.com Page 5/11

6 Shareholders Way of investment Paid-up percentage Shanghai XXX Co., Ltd. In currency % XXX In currency % XXX In currency % AFFILIATE(S) Name: No. 1 Business Dept. Address: 1/F, No XXXX Rd., Shanghai Telephone: (021) 34XXXXXX Facsimile: (021) 34XXXXXX Website: Main Business: Selling electronic products Turnover: 65, (2005) Interest of Subject: % Name: No. 2 Business Dept. Address: No. 218 XXXX Rd., Pudong New Area, Shanghai Telephone: (021) 56XXXXXX Facsimile: (021) 56XXXXXX Website: Main Business: Selling electronic products Turnover: 55, (2005) Interest of Subject: % FriedlNet.com Page 6/11

7 NUMBER OF EMPLOYEES Employees: 56 Including: head office: 18 The information above was confirmed by Subject's managerial staff in May MAIN BUSINESS Main Business: Wholesale and retail of computer equipment Products and Services: Subject is the general agent of XXX branded displays in East China. It also distributes XXX branded memories, XXX branded hard drives, XXX branded CD- ROMs, keyboards, mice, etc. on a commission basis (brand names are all transliterated). Output of major products: Product Name: display 100,000 set 70,000 set 50,000 set electronic component 300,000 piece 200,000 piece 30,000 piece FINANCE Balance Sheet (Unit: 1,000): Dec 31, 2005 (Unconsolidated) Dec 31, 2004 (Unconsolidated) Total assets 27,972 14,641 Total cur. assets 27,081 14,080 FriedlNet.com Page 7/11

8 Cash & bank 4,183 2,950 Accounts receivable 6,267 3,119 Inventory 8,291 5,262 Other cur. assets 8,340 2,749 Total fixed assets Fixed assets, net LT deferred & prepaid expenses 1 1 Total liab. & shareholders' equity 27,972 14,641 Total liab. 10,866 8,107 Total cur. liab. 10,866 8,107 ST loans 2,000 1,000 Accounts payable 8,213 6,915 Other cur. liab Total shareholders' equity 17,106 6,534 Paid-up capital 10,000 1,000 Income Statement (Unit: 1,000): Principal operating income 178, ,030 Principal operating costs 171, ,804 Sales tax and additional Principal operating profit 7,013 6,156 Other operating profit Selling expenses 1,998 1,677 General administration expenses 2,829 2,424 Financial expenses Operating profit 1,940 2,046 Non-operating income Non-operating expenses 0 3 Total profit 1,940 2,246 Income tax Net profit 1,886 2,184 FriedlNet.com Page 8/11

9 Important Ratios: Return on net assets (%) Return on total assets (%) Net profit margin (%) Turnover of total assets Turnover of current assets Turnover of accounts receivable Liabilities/assets ratio (%) Current ratio Quick ratio Sources Government Government Whether audited or not Yes Yes Auditor Shanghai Huizhong CPA Co., Ltd. Shanghai Huizhong CPA Co., Ltd. NOTES TO FINANCE Please note that owing to the imperfect information sources in China, some entries in Subject's financial statement might be missing, which will lead to the inequality between the sums of the listed entries and the totals written in the financial statement. Subject's assets scale at 2005 yearend expanded considerably year-on-year. According to Ms. BAI Xue, Financial Manager of Subject, it was primarily caused by Subject's encouraging its lower-level agents and distributors to buy more goods on credit and loosening the credit limit to them in a bid to enlarge its market presence. The substantial growth of Subject's 2005 shareholders' equity resulted largely from its capital increase and the profits reaped that year. FriedlNet.com Page 9/11

10 INDUSTRIAL COMPARISON SIC Code (China): 6370, wholesale of mechanical equipment, hardware, electric apparatuses and electronic products Indicators (2005) Subject Industry Average (761*) Return on net assets (%) Return on total assets (%) Net profit margin (%) Turnover of total assets Turnover of current assets Turnover of accounts receivable Liabilities/assets ratio (%) Current ratio Quick ratio Indicators (2004) Subject Industry Average (1843*) Return on net assets (%) Return on total assets (%) Net profit margin (%) Turnover of total assets Turnover of current assets Turnover of accounts receivable Liabilities/assets ratio (%) Current ratio Quick ratio * The figure refers to the number of businesses in the same line in our database that are included in the calculation of average financial indicators. FriedlNet.com Page 10/11

11 End of the Report FriedlNet.com declares that, the information contained in this report is provided to authorized users only, and they have no privilege to expose any contents of the information contained in this document to a third party in any form at any time. FriedlNet.com is not committed to take any legal responsibility to the consequences resulted from using the information above. FriedlNet.com Page 11/11