MIRA
INFORM REPORT
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Report Date : |
20.08.2007 |
IDENTIFICATION DETAILS
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Name : |
XI’AN DINGWEI INTERNATIONAL TRADE CO., LTD. |
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Registered Office : |
Mid Of |
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Country : |
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Line of Business : |
Engaged in importing the electronics products, machinery parts,
hardware, plastics and building materials, etc. |
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 : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
XI’AN DINGWEI INTERNATIONAL TRADE CO., LTD.
MID OF
TEL : 86 (0) 29-81963982
FAX : 86 (0)
29-81963982
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:
l
Information obtained is insufficient for compiling
a standard report.
l
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 telephone number client given is 0086 29-81963982.
We dialed the above number and a gentleman Mr. Li who identified himself
as the manager of SC answered the phone. He disclosed that SC is now being
registered in the local Administration for Industry and Commerce (AIC).
However, SC has not got the license yet.
It is released by Mr. Li that SC is now mainly engaged in importing the
electronics products, machinery parts, hardware, plastics and building
materials, etc.
According to him, SC owns about 3 staff at present.
Mr. Li introduced SC’s website: www.xadingwei.com
Mr. Li declined
forwarding registered information about SC unless we could disclose the
identity of the inquiry part.
The address client given in the order is
Mid. Of
According to Mr. Li, SC is now operating in the above stated address.
Careful
investigations were made with the local Administration for Industry and
Commerce according SC’s Chinese name and no registration record was found.
Judging from the above investigation results, great caution is requested
in providing credit to SC & COD is recommended at present.
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%)