MIRA
INFORM REPORT
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Report Date : |
1st
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SINGSINO
GROUP LIMITED |
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Registered Office : |
1206 Bldg A, Golden Fu Mansion, No. 22 Shandong
Road, Qingdao, Shandong Province, 518013 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 : |
Undetermined
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name & Address
SINGSINO GROUP LIMITED
1206 BLDG A, GOLDEN FU MANSION, NO. 22 SHANDONG ROAD,
QINGDAO,
SHANDONG PROVINCE, 518013 PR CHINA
TEL : 86
(0) 532-85808802
FAX : 86
(0) 532-85808803
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.
As our confirmation, SC’s telephone number is:
86-532-85808802
When we
dialed the number, one gentleman who refused to release his name answered the
phone. According to him, SC was not officially registered in the local AIC, and
it is mainly engaged in importing and exporting food additives. He declined to release the details about his company.
http://www.singsino.com The design is
professional and the content is well organized. At present the web site is only
in English version.
E-mail: sales@singsino.com
Careful investigations were conducted with the
local Administration of Industry & Commerce (the official body of issuing
and renewing business license), and no registered record of SC was found.
The
address client provided is:
1206 BLDG A GOLDEN FU MALL, NO. 22 SHANDONG ROAD, QINGDAO, SHANDONG PROVINCE, 518013 PR CHINA
A site visited to the above address was paid by our reporter, and revealed the following:
The outer door of the premises was locked. And no company name of SC was seen on display.
Our reporter inserted our co. brochure and questionnaire to the premises through the space below the door.
So far,
we have not yet received any reply.
SC is not officially registered. Credit dealings with SC are not
recommended at present.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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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