Datong Farming and Animal Husbandry Machinery Co., Ltd The Project of Capital Raises & Shares Expansion

    Project name: capital raises & shares expansion to set up a new limited company
    The Survey of the enterprise
    The company is state-owned；it is located in the East ltd., Nanguan, Datong City, It covers an area of 192.23 Mu. There are 606 staff and members the registered capital is RMB￥19.8944 million and State-owned capital is RMB￥19.8544 million accounting for 99.8% of total equity and The staff＇s capital is RMB￥40,000 accounting for 0.2% of total equity. Datong Ruichi Machinary Co., Ltd invests RMB￥200 million, representing 25% of total equity.
    The condition of debt and loss
    The total asset is RMB￥86.59 million, the total debt is RMB￥77.94 million and the net asset is RMB￥8.65 million.
    Production and business operation in past three years:
    2003  the total output value RMB￥5.1 million. The profit-tax -RMB￥3.69 million
          the sales income RMB￥3.76 million the Profit(after tax) -RMB￥3.79 million
    2004  the total output value RMB￥5.03 million. The profit-tax -RMB￥3.96 million
          the sales income RMB￥3.96 million the Profit(after tax) -RMB￥3.96 million
    2005  the total output value RMB￥4.57. million. The profit-tax -RMB￥6.71 million
          the sales income RMB￥2.34 million the Profit(after tax) -11MB￥6.71 million
    The advantages of the enterprise& existing problems
    the company has very convenient comMunications thanks to its location. The products have potential market. and the problems is out-of-date equipment and shortage of capital.
    The Survey of the project
    Ready to attract capital, realize plurality of enterprise shares and raise capital & expand shares. All of these ways provide a good condition to develop a strong and big company. Share-holder enterprise Must have a good reputation, strong capacity and qualifications of developing feed and machinery indnstry.