Contact Us
- (86-571)87950988
- Fax:(86-571)87950506
- Add:Huazu Building, No.88 Jiangjin Road, Shangcheng District, Hangzhou, Zhejiang, China
Business process
on the basis of inquiry and looking for the highest performance/price ratio, the lessee confirms the model and the supplier of the equipment which it intends to rent from us according to its demand.
II. The lessee provides the financial leasing application and the related documents：
1. The lessee must meet the following conditions:
(1) registered at the business administration, having the legal person qualification and having independent accounting system;
(2) reasonable financial structure, normal capital turnover, good reputation, profitable, having the ability to pay the rent on time;
(3) In accordance with the laws and regulations of China and the industrial policy of the government.
2. The lessee shall provide the following documents:
(1) The lease application report of the lessee and the list of the equipment to be rented;
(2) basic information of the lessee, including the photocopies of the audited business license, articles of association, capital verification report, credit rating certificate, loan card and etc., the auditors’ report in the recent three years of the lessee and the recent monthly balance sheet, profit statement and cash flow statement;
(3) the basic information of the project of the lessee, including feasibility report, environment impact assessment report, approval of the environment impact assessment report, approval of the feasibility report and capital availability information;
(4) basic information of the guarantor, including the photocopies of the audited business license, articles of association, capital verification report, credit rating certificate, loan card and etc., the auditors’ report in the recent three years of the guarantor and the recent monthly balance sheet, profit statement and cash flow statement of the guarantor;
(5) Other information needed by us for lessee assessment.
3. If we have an agent in the place where the lessee is located, the lessee shall hand the lease application documents to our agent at first. The agent will check the documents and hand them to us. If we do not have an agent there, the lessee may hand the documents to us directly.
III. We investigate, examine and approve the lease application of the lessee：
1.We take an in-depth investigation into the authenticity, legality, and compliance of the lease application documents provided by the lessee.
2.We evaluate the operation capacity, financial capacity, capital structure, profitability, development outlook, rent payment ability of the lessee and the project. If the project meets the lease conditions, we will finish the project approval according to the internal project assessment process of the company. If the project does not meet the lease conditions, we will indicate the reasons to the lessee and return the documents. During the assessment process, we will keep the documents provided by the lessee in strict confidence to protect the rights and interests of the lessee.
IV. The lessor and the lessee sign Financial Leasing Contract. We will pay the price for the equipment and rent the equipment to the lessee：
1. Direct lease project:
(1) We sign Financial Leasing Contract with the lessee.
(2) We sign Equipment Purchase Contract with the equipment supplier chosen by the lessee. The lessee pays the corresponding margin and service charge according to the Financial Leasing Contract.
(3) The supplier provides and delivers the equipment needed by the lessee to the lessee according to the Equipment Purchase Contract.
(4) The lessee inspects and accepts the equipment. We pay the price for the equipment to the supplier and acquire the ownership of the equipment. The equipment is used by the lessee.
2. sale and leaseback project:
(1) The lessee provides the original invoice of the equipment for sale and leaseback. We examine the ownership, service status, value of the sale and leaseback equipment and if the sale and leaseback equipment is under mortgage.
(2) we sign Financial Leasing Contract and Agreement on Assignment of sale and leaseback Equipment with the lessee. The lessee transfers the ownership of the sale and leaseback equipment to us and pays the corresponding margin and service charge according to the Financial Leasing Contract. We pay the equipment price to the lessee.
V. The lessee pays the rent and fulfills the liabilities stipulated by the financial leasing contract：
1.The lessee pays rent to us in due course according to the Financial Leasing Contract.
2. The lessee owns the right to use the leased equipment according to the Financial Leasing Contract. The supplier provides after-sales service for the leased equipment according to the Equipment Purchase Contract.
3. We transfers the ownership of the equipment back to the lessee after the lessee pays off all rent and the price specified by the Financial Leasing Contract. The financial leasing contract is terminated.
