MIRA
INFORM REPORT
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Report Date : |
30th January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
HUZHOU GREEN HOME WOOD INDUSTRY CO.,
LTD. |
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Registered Office : |
Nianfeng Road, Nanxun District, Huzhou, Zhejiang Province, 313009 Pr China |
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Country : |
China |
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Date of Incorporation : |
11.04.2005 |
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Com. Reg. No.: |
3305002128150 |
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Legal Form : |
Limited Liabilities Company |
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Line of Business : |
Manufacturing, Processing and Selling Wood Products. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name & Address
HUZHOU GREEN HOME WOOD INDUSTRY
CO., LTD.
NIANFENG ROAD, NANXUN DISTRICT,
HUZHOU, ZHEJIANG PROVINCE, 313009 PR
CHINA
TEL : 86 (0) 572-3035858
FAX : 86 (0) 572-3035959
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 clients provided is
86 (0) 572-263333
When we dialed the above number, a gentleman surnamed Tang
answered the phone. He confirmed the name of the company should be the above
stated one, instead of the given name – Huzhou Green Home Imp. and Exp. Co Ltd.
However, he then refused to release any operating 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.
The address client provided is:
Zhenxun Road, Nanxun, Huzhou, Zhejiang, China.
According to Mr. Tang, SC is now operating at Nianfeng Road,
Nanxun District, Huzhou, Zhejiang Province, 313009 PR China.
Careful investigations were made with the local
Administration for Industry and Commerce (the authority that issuing and
renewing business license), but no record of Huzhou Green Home Imp. & Exp.
Co., Ltd. was found. However, in the local AIC, we found the registration
information about Huzhou Green Home Wood Industry Co., Ltd., and the details
are as follows:
INCORPORATION DATE : APRIL 11, 2005
REGISTRATION NO. : 3305002128150
REGISTERED LEGAL FORM : LIMITED LIABILITIES COMPANY
STAFF STRENGTH : 30
REGISTERED CAPITAL : CNY 500,000
business scope : manufacturing, processing and
selling wood
products.
MAIN
SHAREHOLDERS:
Name % of
Shareholding
Lin Yao 50
Zou Quanlin 50
Financial Information
Unit: CNY’000
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as of Dec. 31, 2005 |
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Total liabilities |
2,079 |
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Shareholders
equities |
526 |
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Total Assets |
2,605 |
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Turnover |
5,302 |
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Net profit |
26 |
In view of SC's operation scale & nature of business, it seems
more appropriate to confine credit dealings to a small amount 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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