MIRA
INFORM REPORT
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Report Date : |
06.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
CHANGZHOU DINGGANG CHANGSONG IMP. & EXP. CO., LTD. |
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Registered Office : |
No. 15 Qinye Road, Changzhou, Jiangsu Province, 213016 Pr |
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Country : |
China |
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Date of Incorporation : |
2006 |
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Legal Form : |
-- |
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Line of Business : |
-- |
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 : |
Small Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
CHANGZHOU DINGGANG CHANGSONG IMP. & EXP. CO., LTD.
NO. 15 QINYE ROAD, CHANGZHOU,
JIANGSU PROVINCE, 213016 PR CHINA
TEL: 86 (0) 519-8096777
FAX: 86 (0) 519-8096777
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: 0086 519-8096777.
We made phone calls with this number and Mr. Tang Xian answered the
phone.
According to Mr. Tang, SC is a new company incorporated at the end of
2006. SC has submitted the application to the local Administration for Industry
and Commerce (AIC). But until now it has not got the business license.
He also released he will be the representative of SC and the registered
capital will be CNY 550,000.
SC has 3 staff at present and it rents the total premise about 70 square
meters.
SC has no business at present and Mr. Tang refused to release any
information about the operation of his company.
The address client provided is:
No. 15 Qinye Road, Changzhou, Jiangsu Province
According to Mr. Tang, SC is now operating at the above stated address.
Careful
investigations were made with the local AIC, but no registered record of SC was
found.
SC was not legally registered in the local AIC, and the principal is
sensitive and reluctant to release any of its operating information. Credit
dealings with SC are not recommended 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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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%)