MIRA
INFORM REPORT
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Report Date : |
18.06.2007 |
IDENTIFICATION DETAILS
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Name : |
sunorthern
corporation ltd. |
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Registered Office : |
Rm1417, |
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Country : |
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RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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
sunorthern
corporation ltd.
Rm1417,
SHANGHAI, 201026, PR.CHINA
TEL: 86 (0) 21-51386459
FAX: 86 (0) 21-50400230
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.
From client’s last email we know SC’s contact information as follows:
Telephone No.: 0086-21-583-40966
Email: graygu@citiz.net / graygu@sh163.net
Address: 3F, Bao Steel Industrial & Trading Mansion, No. 1568 New
We dialed the number client given of 0086-21-583-40966 in the past days,
however, it has not been used now.
Then we sent an email to the given Email address: graygu@citiz.net / graygu@sh163.net.
Mr. Gray Gu answered the email . From his email we know that SC’s new telephone
number is 86 013817838156 and SC has moved to the heading address At present
the promise is decorated.
According to Mr. Gray Gu, the company name given in the order of
Sunorthern Corporation Ltd. is an offshore company, and Ki-Kan (
The address client given is:
3F, Bao Steel Industrial & Trading Mansion, No. 1568 New Jin Qiao Road, Pudong 201206, Shanghai, P. R. China
From Mr. Gary Gu we know it is SC’s former address and SC has moved to
the new address RM1417,
Failing
to get SC’s Chinese name, we can’t get any registered inforamtion at local
Administration for Industry and Commerce (AIC).
We will update the
report, if client’s name can be released or SC’s Chinese name can be provided.
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 |
|
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 |
|
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%)