Basic Mainland China company report

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SAMPLE

BASIC COMPANY BACKGROUND REPORT

WUXI IMAGINARY MACHINERY MANUFACTURING CO LTD

Address:	123 Henda Lu, Dadi Qu, Wuxi 123456 Tel: +86 510 111222 Fax: +86 510 333444
Date of establishment:	October 5, 1997
Type of enterprise:	Limited liability enterprise
Legal representative:	Chen Damin, Chairman
Other senior managers:	Ling Wai, General Manager
Registered capital:	RMB 10,000,000
Total assets (2004):	RMB 150,000,000
Turnover (2004):	RMB 450,450,450
Number of employees:	123
Business scope:	Design, manufacture, and sale of imaginary machines; maintenance of and sales of spare parts for imaginary machines manufactured by the company or by other manufacturers.

IMPORTANT DISCLAIMER

This report contains information from a variety of sources. Information may come from Chinese government organisations, the target company itself, and other Chinese enterprises and organisations. Some of the information provided by these sources has not been verified with secondary sources, and we cannot therefore guarantee its veracity. The accuracy of historical information in particular cannot be guaranteed as different local Chinese government organisations have different policies on retaining historical information.

Sinogie Consulting Limited expressly disclaims all liability to any person or organisation in respect of anything done or omitted to be done wholly or partly in reliance upon the whole or any part of the contents of this report. No reader should act or refrain from acting on the basis of any part of this report without first taking specific professional advice on the circumstances at issue.

Should you require us to do so, we would be pleased to conduct a more in-depth investigation into the target company in order to provide further substance to the information in this report and supply additional information on the company’s ownership, operations, management and reputation. If you would like to order an in-depth report, please contact Sinogie Consulting Limited at:

Tel: +852 2517 4518 Fax: +852 2517 8749 e-mail: sinogie@sinogie.com

SAMPLE REPORT

This is a sample report created for promotional purposes only. Any similarity to any person or organisation is purely coincidental.

SAMPLE

ESTABLISHMENT AND HISTORY

Wuxi Imaginary Machinery Manufacturing Co Ltd (“Wuxi Imaginary”) was established on October 5, 1997, and registered with the Wuxi Municipal Administration of Industry and Commerce (“AIC”) as a limited liability enterprise under registration number 123456789. At the time of its establishment, the company’s registered capital was RMB 7,000,000.

At the time of its establishment, the company was wholly owned by the Wuxi Imaginary Items Corporation. It underwent a change of ownership on April 1, 1998, as set out below.

It appears that Wuxi Imaginary is the successor of Wuxi Imaginary Machinery Factory, a State-owned non-legal-person enterprise under the administration of Wuxi Imaginary Items Corporation. It appears that the company was re-organised and established as a limited liability enterprise in preparation for sale to its staff shareholders’ union in 2000.

On April 1, 2001, the company’s registered capital was increased to RMB 10,000,000, and new shares were issued to Shenzhen ABC Corp, as set out below.

The company passed its 2004 annual inspection with a grade A.

OWNERSHIP

When the company was initially established, it was wholly owned by Wuxi Imaginary Items Corporation.

However, on April 1, 1998, ownership of 90 percent of the company was transferred from Wuxi Imaginary Items Corporation to the company’s staff shareholding union. The remaining 10 percent stayed in the hands of Wuxi Imaginary Items Corporation. Following this transfer, ownership was as follows.

Name	Investment Fee (RMB)	Percentage
Staff shareholders’ union	6,300,000	90%
Wuxi Imaginary Items Corporation.	700,000	10%
TOTAL	7,000,000	100%

On April 1, 2001, the company’s registered capital increased to RMB 10,000,000. The RMB 3,000,000 in new shares was issued following an investment by Shenzhen ABC Corp. Following the investment, ownership of the company was as follows:

Name	Investment Fee	Percentage
Staff shareholders’ union	6,300,000	63%
Wuxi Imaginary Items Corporation.	700,000	7%
Shenzhen ABC Corp	3,000,000	30%
TOTAL	10,000,000	100.00%

SAMPLE REPORT

This is a sample report created for promotional purposes only. Any similarity to any person or organisation is purely coincidental.

	SAMPLE
MANAGEMENT The company’s senior management is as follows: Chen Damin, Chairman Mr Chen has been Chairman of Wuxi Imaginary since its establishment in 1997. Prior to its establishment, he was Factory Manager at the company’s predecessor, Wuxi Imaginary Machinery Factory. Ling Wai, General Manager Mr Ling was appointed as General Manager on April 1, 2001, following Shenzhen ABC Corp’s acquisition of 30 percent of the company. Before he took up this position, he was General Manager of Shenzhen ABC Imaginary Items Co Ltd. OPERATIONS The company’s core business is the manufacture and sale of imaginary machinery. According to Wuhan AIC, the company manufactured 100,000 imaginary machines in 2004. Suppliers The company’s biggest suppliers are as follows: Wuxi Imaginary Components Factory Ltd AAA Imaginary Inc (USA) 90 percent of the company’s purchases are made domestically, with the remaining 10 percent purchased from overseas. Customers The company’s biggest customers are as follows: Wuxi Imaginary Machinery Store Shenzhen ABC Corp Imaginary Distributors (M) Bhd (Malaysia) 80 percent of the company’s sales are domestic, with the remaining 20 percent going to overseas customers, mainly in South-East Asia. The company has the right to import and export goods independently.
SAMPLE REPORT This is a sample report created for promotional purposes only. Any similarity to any person or organisation is purely coincidental.
	SAMPLE
AFFILIATES The company has no affiliates BANKING RELATIONS Banking relations are maintained principally with: Name: AAA Bank, Wuxi Branch, Meiyou Sub-branch Tel: +86 510 555666 Account No: 123456789-111 Currency: RMB Name: ZZZ Bank, Wuxi Branch, Meiyou Sub-branch Tel: +86 510 888999 Account No: 987654321-999 Currency: US Dollars Bank officials reported no problems in their relationships with the target company.

SAMPLE REPORT

This is a sample report created for promotional purposes only. Any similarity to any person or organisation is purely coincidental.

SAMPLE

FINANCIAL INFORMATION

BALANCE SHEET (as at December 31, 2004)

Assets:

	RMB
Cash & bank	XXXXXX
Inventory	XXXXXX
Accounts receivable	XXXXXX
Other current assets	XXXXXX
	--------------
Current assets	XXXXXX
Fixed assets - net value	XXXXXX
Other assets	XXXXXX
	--------------
Total assets	XXXXXX
	=========

Liabilities & Equities:

Short-term loans	XXXXXX
Accounts payable	XXXXXX
Other current liabilities	XXXXXX
	--------------
Current liabilities	XXXXXX
Long term liabilities	XXXXXX
	--------------
Total liabilities	XXXXXX
Equities	XXXXXX
Including: paid-in capital	XXXXXX
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Total liabilities & equities	XXXXXX
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INCOME STATEMENT (2004)

Sales
Minus: Cost of Sales	XXXXXX
Selling expenses	XXXXXX
Sales tax	XXXXXX
Profit on Sales
Plus: Income from other operations	XXXXXX
Minus: General and administrative expenses	XXXXXX
Financial expenses	XXXXXX
Operating Profit