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MIRA
INFORM REPORT
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Report Date : |
01.12.2011 |
IDENTIFICATION DETAILS
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Name : |
PUWAH TECHNOLOGY (HK) CO., LIMITED |
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Registered Office : |
Room 16d, Jinsong Building, Tai Ran 4 Road, Che Gong Miao Futian District, Shenzhen, Guangdong Province 518040 Pr |
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Country : |
China |
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Date of Incorporation : |
11.11.2009 |
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Legal Form : |
Private |
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Line of Business : |
Exporting communication products |
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No. of Employees : |
Not Available |
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 : |
Undetermined |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
PUWAH TECHNOLOGY (HK) CO., LIMITED
ROOM 16D, JINSONG BUILDING, TAI RAN 4 ROAD, CHE GONG MIAO
FUTIAN DISTRICT, SHENZHEN, GUANGDONG PROVINCE 518040 PR CHINA
TEL: 86 (0) 755-61355166
FAX: 86 (0) 755-61355199
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
˛
According to the
given English name, we found the website http://puwah.cn,
and the contact ways are as follows,
Tel: 86 (0)
755-61355166
Fax: 86 (0)
755-61355199
When we dialed the above number, a lady Ms. Tu answered the phone. She
admitted the English name, and told us the Chinese name in translation is “普华科技（香港）有限公司”, which is
registered in Hong Kong, and mainly operates in Shenzhen, Guangdong Province.
˛
Ms. Tu introduced
the below information,
a)
SC is mainly engaged in exporting communication
products.
b)
SC’s e-mail: sales@puwah.com
c)
SC sources its products 100% from domestic market,
mainly Shenzhen. SC sells 100% to overseas market, mainly India, etc.
WEBSITE
According to the
above mentioned website,
SC’s products mainly include:
Handsets
·GSM Phone
·CDMA Phone
·
·Windows Mobile Phone
·GPS Phone
·Dual Mode/SIM Phone
·Android Google OS Phone
Wireless Data Card
·Wireless Data Card
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SPOT VISIT
Room 16d, Jinsong
Building, Tai Ran 4 Road, Che Gong Miao, Futian District, Shenzhen, Guangdong
Province 518040 PR China
Ms. Tu released that SC locates in the above address.
REGISTRATION
According to the Chinese name “普华科技（香港）有限公司” Ms. Tu released, a research was
conducted with Shenzhen municipal and 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: Puwah Technology (HK) Co., Limited
Company File No.: 1390481
Date of Registration: November 11, 2009
Legal Form: Private
Status: Live
CONCLUSIONS
SC is considered small-sized in its line with 2 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 |
|
US Dollar |
1 |
Rs.52.16 |
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|
1 |
Rs.81.29 |
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Euro |
1 |
Rs.69.47 |
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.