MIRA
INFORM REPORT
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Report Date : |
30th
May 2006 |
IDENTIFICATION
DETAILS
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Name : |
CHINA TIANCHUANG CHEMICAL & PHARMIC
LIMITED |
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Registered Office : |
Rm.B-506, Chengzhongcheng, No.19, Yusha Road, Haikou, Hainan Province 570125 Pr China |
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Country : |
China |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Unregistered,
Yet |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
NAME & ADDRESS
CHINA TIANCHUANG CHEMICAL & PHARMIC LIMITED
RM.B-506, CHENGZHONGCHENG, NO.19, YUSHA ROAD, HAIKOU,
HAINAN PROVINCE 570125 PR CHINA
TEL: 86 (0) 898-68521061
FAX: 86 (0) 898-68555057
Narrative report
This refers to a type of report whose format is different from that of a standard report. Such type of report is provided when:
Information obtained is insufficient for compiling a standard report.
The enquired co has been out of business or its business address has been untraceable.
It should be noted that the time and manpower spent on preparing such type of report might be greater than those on a standard report. On many occasions, the information in this type of report still indicates the current status of the enquired co. and serves as a useful reference to assess its credit standing.
The provided telephone number is: 86-898-68521061
When we dialed the number, one gentleman answered the phone. According to this gentleman, SC’s Chinese name is, however, he was very sensitive and declined to release the details about the company.
The address client provided is:
Rm.B-506,
Chengzhongcheng, NO.19, Yusha Road, Haikou,
HAINAN PROVINCE 570125 PR CHINA
The premise is rented, which is about 80 square meters. It seems there are about five staff working in the office at present.
A research was conducted with the local Administration of Industry & Commerce (the official body of issuing and renewing business license), and no record of SC was found. It is confirmed by the management of SC that the office has not been officially registered yet.
Information on hand would not seem to warrant any credit consideration.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |