MIRA INFORM REPORT
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Report Date : |
26.08.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
FOSHAN NANHAI DALI CHUANGYUAN UNDERWEAR
ACCESSORIES FACTORY |
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Registered Office : |
E-202, No. 6, Dajiwei Industrial Zone, Hexi, Yanbu, Dali Town, Nanhai
District, Foshan City, Guangdong Province 528200 Pr |
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Country : |
China |
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Date of Incorporation : |
03.03.2011 |
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Com. Reg. No.: |
440682600963298 |
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Legal Form : |
Individual-Owned Enterprise |
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Line of Business : |
Processing, Manufacturing, and Selling Underwear Accessories |
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 : |
Small Company |
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Payment
Behaviour : |
Unknown |
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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
|
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
FOSHAN NANHAI DALI CHUANGYUAN Underwear
Accessories factory
(trading name: guangdong achievo industrial
limited)
E-202, NO. 6, DAJIWEI INDUSTRIAL ZONE, HEXI, YANBU, DALI TOWN
NANHAI DISTRICT, FOSHAN CITY, GUANGDONG PROVINCE 528200 PR CHINA
TEL: 86 (0) 757-81107336
FAX: 86 (0) 757-81107336
EXECUTIVE SUMMARY
Date of Registration : MARCH 3, 2011
REGISTRATION NO. : 440682600963298
LEGAL FORM : Individual-owned enterprise
REGISTERED CAPITAL : N/A
staff : 12
BUSINESS CATEGORY : PROCESSING
Revenue : n/a
EQUITIES : n/a
WEBSITE : www.gdachievo.com
E-MAIL :
achi.angie@gmail.com
PAYMENT : AVERAGE
Recommended Credit Limit: C.O.D.
MARKET CONDITION : FAIR
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : ORDINARY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.40 = USD 1
Adopted abbreviations
(as follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
OPERATIONAL TREND & GENERAL
REPUTATION
This section aims at indicating the relative positions of SC in respect
of its operational trend & general reputation
Operational Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not known Not
yet be determined
Not yet be determined
LEGAL STATUS & HISTORY
***Note: SC’s name
should be the heading one, while Guangdong Achievo Industrial Limited (the
given name) is SC’s related company, registered in Hong Kong, SC also uses this
name as its trading name, and it is convenience for SC to engage in exporting
business. Since SC has no import & export right in its registered business
scope.
SC was established as an individual-owned enterprise of PRC with State Administration of
Industry & Commerce (SAIC) under registration No.: 440682600963298 on March 3, 2011.
SC’s Organization Code Certificate
No.: L3951708-5
No significant changes of SC have
been noted in SAIC since its incorporation.
Current Co search indicates SC’s shareholders & chief
executives are as follows:-
|
Investor |
|
Tan Dunbing |
SC’s Chief Executives:-
|
Position |
Name |
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Principal |
Tan
Dunbing |
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Sales Manager |
Tan Lianzhen |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Investor
Tan Dunbing
MANAGEMENT
Tan
Dunbing, Principal
------------------------------------------
Ø
Gender: M
Ø
Working
experience (s):
At present, working in SC as principal
Tan Lianzhen, Sales Manager
--------------------------------------------------
Ø
Gender: F
Ø
Tel: 86 (0) 757 81107336
Ø
Mobile Tel: 13326712496
Ø
Fax: 86 (0) 757 81107336
Ø
Working
experience (s):
At present, working in SC as sales manager
BUSINESS OPERATION
SC’s registered business scope includes processing,
manufacturing, and selling underwear accessories.
SC is
mainly engaged in processing, manufacturing, and selling underwear accessories.
SC’s products mainly include: hook and eye tape,
etc.
SC sources its materials 100% from domestic
market, mainly Guangdong province. SC sells 100% of its products to overseas
market, mainly Southeast Asia.
The
buying terms of SC include T/T and Credit of 30-60 days. The payment terms of
SC include L/C and Credit of 30-60 days.
Staff & Office:
--------------------------
SC is
known to have approx. 12
staff at present.
SC
rents an area as its operating office and factory, but the detailed information
is unknown.
RELATED COMPANY
u Guangdong Achievo Industrial Limited
(Hong Kong)
Company
File No.: 1208202
Date of
Registration: January 29, 2008
Legal
Form: Private
Status:
Live
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet be 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: SC did not
provide any name of trade/service suppliers and we have no other sources to
conduct the enquiry at present.
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.
BANKING
The bank
information of SC is not filed in local SAIC.
FINANCIALS
As an individual-owned enterprise, SC is not required to submit its
financials to the local SAIC.
CONCLUSIONS
SC was established as a small-sized individual-owned enterprise recently in
2011, and its credit has not been established yet. Great caution is required in
providing credit to SC & C.O.D. is recommended.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
|
UK Pound |
1 |
Rs.75.52 |
|
Euro |
1 |
Rs.66.53 |
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.