MIRA INFORM REPORT
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Report Date : |
22.08.2011 |
IDENTIFICATION DETAILS
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Name : |
ASIAN IMPEX LIMITED GUANGZHOU OFFICE |
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Registered Office : |
613a, Longhui Building, No. 5, Longkoudong Road, Tianhe
District, Guangzhou City, Guangdong Province 510630 Pr |
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Country : |
China |
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Financials (as on) : |
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Date of Incorporation : |
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Com. Reg. No.: |
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Legal Form : |
---- |
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Line of Business : |
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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 Company |
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Payment
Behaviour : |
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Litigation : |
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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
& address
asian impex limited guangzhou
office
GUANGZHOU CITY, GUANGDONG PROVINCE 510630 PR CHINA
TEL: 86 (0) 20-87533439
FAX: N/A
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.
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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 below,
Tel: 86 (0)
20-87533439/7562092
When we dialed the 1st given telephone number, a lady Tracy
Tan answered the phone. She admitted the English name, and told us SC is
Guangzhou office of Asian Impex Limited which is registered in Hong Kong, and
has no Chinese name.
The 2nd given telephone number (86 (0) 20-7562092) is not
complete.
²
Tracy Tan
introduced the below information,
A.
SC is mainly engaged in exporting
business.
B.
Main principal of SC is Sunny Liu,
whose e-mail is asianimpexsunny@hotmail.com
C.
The products mainly include: garment,
chemicals, etc.
D.
SC sources its materials 100% from domestic market,
mainly Guangdong province. SC sells 100% of its products to overseas market,
mainly Hong Kong, India, USA, etc. (The details are as below)
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Exporting Country |
Products |
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Hong Kong |
Garment |
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India |
Chemicals, etc. |
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Etc. |
-- |
E.
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.
F.
Major Client:
============
Unity Trading Inc. USA
SPOT VISIT
Tracy Tan released that SC is currently working there.
REGISTRATION
Since it is a practice for a company in China to register in
State Administration of Industry and Commerce (SAIC) with a total set of
required documents in CHINESE, we are unable to find its in Guangzhou Municipal
and Guangdong Provincial SAIC according to its English name.
During our check with Hong Kong Registry,
we found the following registration about SC’s parent company,
Company
Name:
Asian Impex Limited
Company
File No.: 1282125
Date of
Registration: October 24, 2008
Legal
Form: Private
Status: Live
CONCLUSIONS
SC is an office of Asian Impex Limited, which
is considered small-sized in its line with 3 years operation history.
Credit dealings with SC should be confined into C.O.D. to 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.45.61 |
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UK Pound |
1 |
Rs.75.32 |
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Euro |
1 |
Rs.65.68 |
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 |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.