MIRA
INFORM REPORT
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Report Date : |
12.07.2007 |
IDENTIFICATION DETAILS
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Name : |
GUANGZHOU HEE LEATHER CO., LTD. |
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Registered Office : |
Room 6002, No. 12, Zhanxi Road, New Continent Footwear Plaza,
Yuexiu District, Guangzhou, 510010 Pr |
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Country : |
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Date of Incorporation : |
June 14, 2004 |
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Com. Reg. No.: |
440104311050818 |
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Legal Form : |
Individual-Owned |
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 : |
Business Stopped |
name & address
GUANGZHOU HEE LEATHER CO., LTD.
ROOM 6002, NO. 12,
YUEXIU DISTRICT,
TEL : 86 (0) 20-86225121
FAX : 86 (0) 20-86225121
Alert 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.
Note: Phone calls were made to SC for interviews,
and one lady Ms. Hu disclosed that SC’s business license was canceled in June, 2007,
however, SC’s cancellation details have not been recorded in the database at local Administration for Industry &
Commerce (The official body of issuing and renewing business license). Its
former registration details are as below:
INCORPORATION DATE : June 14, 2004
REGISTRATION NO. :
440104311050818
REGISTERED LEGAL FORM : INDIVIDUAL-OWNED
REGISTERED CAPITAL :
CNY 30,000
Shareholders
% of shareholding
He Zhigang 100
SC’s registered business scope include: retailing and wholesaling
leather.
According to Ms. Hu , SC has stopped its business since June,
2007.
Considering the above investigation results, great caution
is required in providing credit to SC and no credit dealings with SC can be
recommended.
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%)