MIRA
INFORM REPORT
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Report Date : |
16.08.2011 |
IDENTIFICATION DETAILS
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Name : |
T. LINE COMPANY LIMITED |
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Registered Office : |
Office No 503, Building No 1459, Jinyi Leather Plaza Guihuagang, Jiefang North Road Guangzhou, Guangdong Province 510400 Pr |
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Country : |
China |
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Date of Incorporation : |
-- |
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Legal Form : |
-- |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Not Registered in China |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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China |
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 and address
T. LINE COMPANY LIMITED
OFFICE NO 503, BUILDING NO 1459, JINYI LEATHER PLAZA
GUIHUAGANG, JIEFANG NORTH ROAD
GUANGZHOU, GUANGDONG PROVINCE 510400 PR CHINA
TEL: 86 (0) 20-86355007
FAX: 86 (0) 20-86354970
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.
------------------------------------------
Adopted abbreviations (as follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
CHECK ON SC’S REGISTERED
TELEPHONE LINE
²
The given contact
ways are as follows,
TEL: 86 (0)
20-86355007
FAX: 86 (0)
20-86354970
When we dialed the above telephone number, a lady Ms. Yang answered the
phone. She admitted the English name, and told us its Chinese name in
translation is “佳信利进出口有限公司”, which is registered
in Hong Kong, but mainly operates in Guangzhou, Guangdong Province, PRC China,
there is no one working in Hong Kong.
²
Ms. Yang
introduced the below information,
A.
SC is mainly engaged in exporting business.
B.
SC registered in Hong Kong, which facilitates
business development.
C.
SC’s e-mail is: trustline2@hotmail.com
D.
Ms. Yang admitted the given bank and account number
(Shenzhen Development Bank Co., Ltd. AC#448159240803) belongs to SC.
E.
SC's product ranges are extensive, and SC sources
its materials 100% from domestic market, and sells 100% of its products to
overseas market, mainly Middle Ease and India.
F.
The buying terms of SC include Check, T/T and
Credit of 30 days. The payment terms of SC include T/T, L/C and Credit of 30
days.
SPOT VISIT
Office No 503,
Building No 1459, Jinyi Leather Plaza, Guihuagang, Jiefang North Road,
Guangzhou, Guangdong Province 510400 PR China
Ms. Yang released that SC is currently working there.
REGISTRATION
According to the Chinese name “佳信利进出口有限公司” Ms. Yang released, a research was
conducted with Guangzhou municipal & Guangdong Provincial Administration of
Industry & Commerce (the official body of issuing and renewing business
license), but no record of SC was found.
During our check with Hong Kong Registry, we found
the following registration about SC,
Company Name: T. Line Company Limited
Company File No.: 1118118
Date of Registration: March 26, 2007
Legal Form: Private
Status: Live
CONCLUSIONS
SC is considered small-sized in its line with 4 years operation history.
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 |
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US Dollar |
1 |
Rs.45.37 |
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1 |
Rs.73.53 |
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Euro |
1 |
Rs.64.36 |
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 |
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-- |
NB |
New Business |
-- |
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.