MIRA INFORM
REPORT
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Report Date : |
26.12.2011 |
IDENTIFICATION DETAILS
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Name : |
PEONY CHEMICALS PVT. LTD. |
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Registered Office : |
5f, Flat 1, |
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Country : |
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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 Employee: |
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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 : |
Not registered in |
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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 – April 1, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
PEONY CHEMICALS PVT. LTD.
1 5
TEL: 86 (0)
838-2302990 FAX: 86 (0) 838-2207315
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.
According to the given name, we found a
website http://www.huaxirc.com/person/companys.asp?companyid=8169109
The information from the above website
indicated that SC has relationship with 5-Continent Imp. & Exp. Co., Ltd.. We
found the said company’s contact way as follows:
Tel: 0838-2302990
When we dialed the number 0838-2302990, a female answered.
She confirmed the given name and released that SC is registered overseas
without Chinese name. SC has relationship with 5-Continent Imp. & Exp. Co.,
Ltd., but she didn’t know the detail information.
Then she asked a gentleman to answer our phone. However, when we
expressed our intention to the gentleman, he refused to release any information
about SC and 5-Continent Imp. & Exp. Co., Ltd.
According to the
above woman, SC is registered overseas. We were unable to check the information
and its registration information is not available either.
Information from our database indicates that once SC’s employee Ms. Yang released that SC’s Chinese name is 牡丹化工有限公司, while according to the above website, SC’s Chinese name is 牡丹化工公司.
Careful investigations were made with
At Deyang Administration for Industry and Commerce (the
authority that issuing and renewing business license), we found the following
information on 5-Continent Imp. & Exp. Co., Ltd. (四川五洲行进出口贸易有限责任公司):
Incorporation Date :
January 30, 2004
According to the information from the above website, SC is a subsadiry of 5-Continent Imp. &
Exp. Co., Ltd. (四川五洲行进出口贸易有限责任公司),
and registered in
The address client provided is: 5th FL., FLAT 1,
According
to the above woman, SC and 5-Continent Imp. &
Exp. Co., Ltd. (四川五洲行进出口贸易有限责任公司)
are both
operating in this address.
In view of the investigation results, caution is advised related to
dealings with persons claiming to represent such an entity, and C.O.D. is
recommended.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.72 |
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1 |
Rs.82.70 |
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Euro |
1 |
Rs.68.90 |
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 |
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.