MIRA
INFORM REPORT
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Report Date : |
30.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
RIZHAO GOLDENNUT CEREALS AND OILS CO., LTD. |
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Registered Office : |
Weifang Road, Rizhao High Tech. Industrial Zone, Shandong
Province 276800 Pr |
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Country : |
China |
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Date of Incorporation : |
Mar. 6, 2001 |
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Com. Reg. No.: |
371100400000920 |
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Legal Form : |
Wholly Foreign Owned Enterprise |
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Line of Business : |
Processing and selling cereals, peanuts, melon seed and garlic. |
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 |
name & address
rizhao goldennUt cereals and oils co., ltd.
WEIFANG ROAD, RIZHAO HIGH TECH. INDUSTRIAL ZONE,
SHANDONG PROVINCE 276800 PR CHINA
TEL : 86 (0) 633-8268332
FAX : 86 (0) 633-8268333
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 given telephone number is：
86 633-8268332
When we dialed the number, one gentleman surnamed Liu answered. He
released that SC has been closed down by the local bank, as SC was unable to
pay off its debts. At present, there is no staff in the company, and Mr. Liu is
the concierge.
Despite having exhausted all our effort, we are unable to contact SC’s
management.
From Mr. Liu we know that SC is formerly operated in the above stated
address, but Mr. Liu declined our request for a spot visit.
In the local Administration for Industry and Commerce we find the registered information of SC. And its name should be the above stated one instead of the given one.
SC’s registered
information:
Registered number: 371100400000920
Incorporated date: Mar. 6, 2001
Registered capital: USD 80,000
Legal form: wholly
foreign owned enterprise
Legal representative: Meng Qingguo
Business scope: processing and selling cereals, peanuts, melon
seed and garlic.
Main shareholder: Chen Gangchi American）100%
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. |
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%)