MIRA
INFORM REPORT
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Report Date : |
09.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
GUANGRAO LIUHE CHEMICALS LTD |
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Registered Office : |
Rm102, Unit1, Bldg. 40, Xinyuan Garden, No. 1001, Northern
Huancheng Road, Licang District, Qingdao, Shandong Province, 266100
Pr |
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Country : |
CHINA |
RATING &
COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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Status : |
Undetermined |
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GUANGRAO LIUHE CHEMICALS LTD.
RM102, uNIT1, BLDG. 40, XINYUAN GARDEN, NO.
1001, NORTHERN HUANCHENG
ROAD, LICANG DISTRICT, QINGDAO, SHANDONG PROVINCE, 266100 PR CHINA
TEL: 86 (0) 532-87977516 FAX: 86 (0) 532-87977517
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.
Check on SC’S
Registered Telephone Line
The given address is in Dongying City, Shandong province, but the given telephone is in Qingdao city, Shandong province:
86 (0) 532-87977516
When we dialed the above number, a gentleman Mr. Zhang answered the phone. He said that his company company is the given company name. He also reased it was registered in Dongying city in March, 2007, though it is operating in Qingdao. However, he refused to release any more information about his company, and also refused any means of interview. When we expressed our intention to make a credit assessment on his company, he became very rude and impolite.
Spot Visit
The given address client provided is in Dongying city, and no body is working there, according to Mr. Zhang:
Shicun Industrial Zone, Guangrao County, 257342 China
According to Mr. Zhang, SC is currently
operating at Room 1-102 No.40 building, Xinyuan Residential Zone, Jinshui Road,
Qingdao. However, he declined our request of a site visit for an interview.
Registration
Careful investigations were made
with both Dongying and Qingdao Administration for Industry and Commerce (the
authority that issuing and renewing business license), and no record of SC was
found.
Note: If SC was registered in
March of 2007 as Mr. Zhang said, it is possible that its record has not been
typed into the database of the local AIC, however, Mr. Zhang declined to
release any details concerning the registration.
Remark
SC’s registration record can not
be traced, and its management is very sensitive of releasing its information.
Great caution should be given when granting credit to SC and COD is
recommended.
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)