MIRA
INFORM REPORT
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Report Date : |
12.12.2011 |
IDENTIFICATION DETAILS
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Name : |
FOSHAN
BRIGHTSTAR ALUMINUM MACHINERY CO., LTD. |
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Registered Office : |
Lizhong Industrial Area, Dali,
Nanhai District, Foshan, Guangdong
Province, 528231 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 : |
Manufacturing and selling extrusion equipment and ancillary equipment. |
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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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
FOSHAN BRIGHTSTAR ALUMINUM
MACHINERY CO., LTD.
LIZHONG INDUSTRIAL AREA, DALI, NANHAI
DISTRICT,
FOSHAN, GUANGDONG PROVINCE, 528231 PR CHINA
TEL:
86 (0) 757- 85732316 FAX: 86 (0) 757- 83699376
Alert 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.
When we dialed the given number 86 (0) 757- 85732316, a male answered.
He confirmed the given name and released its Chinese name佛山星耀铝业设备有限公司, but he refused to
release whether SC was registered in local Administration for Industry and
Commerce (AIC-the authority that issuing and renewing business license).
He refused to release any other information either.
Careful investigations were made with Foshan Administration for Industry
and Commerce (the authority that issuing and renewing business license), and no
record of SC was found.
SC’s staff refused to disclose SC’s operating information.
*Website information*
================
According to the website http://www.brightstaralu.com/
, we knew the main business about SC as follows:
SC is mainly engaged in manufacturing and selling extrusion equipment
and ancillary equipment.
The
address client provided is:
Lizhong
Industrial Area, Dali, Nanhai District, Foshan, Guangdong Province
According to SC’s staff, SC is currently operating at the above stated
address.
It is likely
that SC is not registered in the local AIC. Judging from the above investigation
results, no credit dealings with SC are recommended.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.23 |
|
|
1 |
Rs.81.55 |
|
Euro |
1 |
Rs.69.60 |
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.