MIRA INFORM REPORT
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Report Date : |
08.12.2011 |
IDENTIFICATION DETAILS
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Name : |
CHINA BASE TECHNOLOGIES LIMITED |
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Registered Office : |
18f,
Dawning Building, #12 Keji South Road, Hi-Tech Park, Shenzhen, Guangdong
Province 518057 Pr |
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Country : |
China |
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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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No. of Employees
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RATING & COMMENTS
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MIRAs 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 30th, 2011
|
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 & address
china base technologies limited
18f, dawning
building, #12 keji south road
hi-tech park,
shenzhen, guangdong province 518057 pr china
TEL: 86 (0) 13823150451
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.
Adopted abbreviations
(As Follows)
SC - Subject Company
(the company inquired by you)
N/A Not available
CNY China Yuan Ren
Min Bi
CHECK ON SCS REGISTERED
TELEPHONE LINE
²
The
given telephone number is as follows,
Tel: 86 (0) 13823150451
When we dialed the above number, a gentleman Mr. Li (Li Donghai)
answered the phone. He admitted the English name, and told us the Chinese name
in translation is 中宝科技有限公司,
which is registered in Hong Kong.
²
Mr. Li introduced
the below information,
a)
SC is mainly engaged in exporting communication
products.
b)
Mr Lis e-mail: KGLeedh@163.com
c)
SC sources its products 100% from
domestic market, mainly Shenzhen. SC sells 100% to overseas market, mainly
India, etc.
d)
The products mainly include,
· LCD Mobile Phone
· Watch Mobile Phone
e)
He released that they have related
company in Shenzhen, but refused to told us the company name, unless client
provide formal power of attorney for us.
SPOT VISIT
Mr. Li released that SC locates in the above address.
REGISTRATION
According to the Chinese name 中宝科技有限公司 Mr. Li 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: China Base Technologies Limited
Company
File No.: 0826364
Date
of Registration: December 18, 2002
Legal
Form: Private
Status: Live
CONCLUSIONS
SC is considered small-sized in its line with 9 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.51.45 |
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UK Pound |
1 |
Rs.80.38 |
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Euro |
1 |
Rs.69.12 |
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 SCs 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.