MIRA INFORM REPORT

 

 

Report Date :

21.05.2007

 

IDENTIFICATION DETAILS

 

Name :

ARCHI IMPEX IMPORT & EXPORT CO., LTD.

 

 

Registered Office :

Door No. 503 Unit 2 Mingshijiayuan, Dongzhou Huayuan, Yiwu, Zhejiang Province, 322000 Pr

 

 

Country :

China

 

 

Date of Incorporation :

--

 

 

Com. Reg. No.:

--

 

 

Legal Form :

--

 

 

Line of Business :

--

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Representative Office

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

name & address

 

ARCHI IMPEX IMPORT & EXPORT CO., LTD. YIWU REPRESENTATIVE OFFICE

DOOR NO. 503 UNIT 2 MINGSHIJIAYUAN, DONGZHOU HUAYUAN, YIWU,

ZHEJIANG PROVINCE, 322000 PR CHINA

TEL: 86 (0) 579-5172457 

FAX: 86 (0) 579-5172457

 

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rounded Rectangle: CHECK ON SC’S REGISTERED TELEPHONE LINE I'VE RECEIVED THE REPORTS JUST IN TIME. THANK YOU BUT WOULD YOU PLS E-MAIL THEM TO : CREDIT@QINGDAO.CNGB.COM RIGHT NOW AGAIN? I WILL BE WAITING.. THANKS AGAIN, JULIE NTS  

 

 


The telephone numbers client given in the order are 86579-5172457/5172102/5178601/5178602.

 

We dialed the number 86 579-5178602 and Ms. Yu answered the phone. From Ms. Yu we know that SC is a representative office of Archi Impex Import & Export Company registered in India. SC is not registered at the local Administration for Industry and Commerce. It is mainly engaged in providing the liaison service for its parent company.

 

The address client given in the order of Door No. 503 Unit 2 Mingshijiayuan, Dongzhou Huayuan, Yiwu, Zhejiang Province is the home address of SC’s manager Mr. Peter.

 

At present SC has 3 staff.

 

Archi Impex Import & Export Company is an international trade company mainly engaged in selling toys, garments, chemicals, houseware, hardware, stationary and electronics, etc.

 

 

Rounded Rectangle: SPOT VISIT 

 

 


SC’s operating address is in Room 201 Unit 2 Yongsheng Xiaoqu Yiwu Zhejiang Province.

 

Ms. Yu refused our request for a spot visit.

 

 

Rounded Rectangle: REGISTRATION 

 

 


Careful investigations were made with the local AIC, but no registration record of SC was found.

 

 

Rounded Rectangle: REMARKS 

 

 


SC was not registered at the local AIC in 2006. 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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

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%)