MIRA INFORM
REPORT
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Report Date : |
13.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
SHYE INTERNATIONAL LTD. GUANGZHOU
REPRESENTATIVE OFFICE |
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Registered Office : |
Room D1, 17/F, Everbright Building, No. 689 North Tianhe Road, Tianhe
District, Guangzhou, Guangdong Province, 510630 PR |
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Country : |
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Date of Incorporation : |
15.07.2003 |
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Com. Reg. No.: |
00658 |
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Legal Form : |
Representative Office |
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Line of Business : |
Providing the
liaison services for its parent company. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
name & address
SHYE INTERNATIONAL
LTD. GUANGZHOU REPRESENTATIVE OFFICE
ROOM D1, 17/F,
68917D1
TEL: 86 (0)
20-38731045/38731046/38731047 FAX:
86 (0) 20-38731042
EXECUTIVE
SUMMARY
INCORPORATION DATE : july 15, 2003
REGISTRATION NO. : 00658
REGISTERED LEGAL FORM : REPRESENTATIVE OFFICE
STAFF STRENGTH :
5
REGISTERED CAPITAL : N/A
BUSINESS LINE :
liaison
TURNOVER : N/A
EQUITIES :
N/A
PAYMENT :
NOT YET DETERMINED
RECOMM.
MARKET CONDITION : FAIR
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.80 = USD 1
Adopted
abbreviations
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY -
Note: SC’s complete name should be the above stated one, while the given
one (Shye International Ltd) belongs to
SC’s parent company.
SC is operating in the heading address, instead of the given address-
Everbright Bldg., 7th Floor, Room No. D1, 689, Tian Hei Bei Lu, Tianh District,
SC was registered as a representative office at local Administration for
Industry & Commerce (AIC - The official body of issuing and renewing
business license) on July 15, 2003.
Company Status: Representative office Foreign company, which has
entered into a contract with a PR China co., is permitted to establish a
representative office in PR China. The representative office may engage
only in “non-direct operating activities” such as liaison, consulting,
market research & general information gathering. At present,
representative office is not allowed to employ local employees in its own
name and must use PR China employment agencies.
SC’s registered business scope includes providing the contacting service
for its parent company
SC is mainly
engaged in providing the liaison services for its parent company.
Mr. Surendra
Kishinchand Wadhwani has been principal of SC since 2003.
SC is known
to have approx. 5 employees at present.
SC
is currently operating at the above stated address, and this address houses its
operating office in the commercial zone of Guangzhou. Our checks reveal that SC
rents the total premise about 80 square meters.
http://www.shye-unity.com The
website belongs to Shye Unity Impex Pvt. Ltd. and it includes the information
about SC and Shye
International Ltd. At present the web site is only in English version.
E-mail: shye@vip.163.com
No significant events or changes were found during our checks with the
local Administration for Industry and Commerce.
Parent
company:
Shye
International Limited (
Registration No. :
0651812
Incorporated date : August
7, 1998
Registered Legal Form : Private
Active Status :
Live
l
Principal:
Mr. Surendra Kishinchand Wadhwani, Indian. He is currently responsible
for the overall management of SC.
Working Experience(s):
From 2003 to present Working
in SC as principal.
SC is mainly engaged
in providing the liaison services for its parent company.
SC’s parent company Shye International Limited is mainly engaged
in selling vitrified and ceramic tiles, sanitary ware and various construction
materials.
Shye
Unity Impex Pvt. Ltd.
====================
Address:
Lakshwadeep, Ground Floor, 5th
Tel:
91-22-2620 1931 to 35
Fax:
91-22-2620 1936
E-mail:
shyeunity@gmail.com
Web:
http://www.shye-unity.com
Overall payment appraisal:
( ) Excellent (
) Good ( ) Average
( ) Fair (
) Poor (X) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment and our debt collection record concerning SC.
Trade payment experience: N/A
Delinquent
payment record: None in our database.
Debt collection record: No overdue amount owed by SC was placed to us for
collection within the last 6 years.
HSBC Bank (
Address:
G2, Ground Floor, Garden Hotel,
368
1G22
Tel:
86 020-83131888
Swift:
HSBCCNSHGZH
USD AC#：009056078055
Note: According
to SC’s accountant Ms. Feng, SC’s correct A/C No. should be the above stated
one, instead of the given A/C No. 009-056089-055.
We also
interviewed the above bank, but the management declined to release any information
on SC.
As a representative office, SC is not allowed to engage in direct
business. All its expenses are supposed to be provided by its parent
company. Therefore, its financial information is not available.
SC is a representative office, which is not engaged in direct business.
Credit dealings with SC should be confined into small amount at present.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.22 |
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1 |
Rs.72.26 |
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Euro |
1 |
Rs.63.90 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.