MIRA INFORM REPORT
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Report Date : |
27.12.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
PRODEX-CHARNOZ SHANGHAI REPRESENTATIVE OFFICE
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Registered Office : |
Room 1905, 19/F, China Venturetech Plaza,
No. 819 Nanjing West Road, Shanghai 200041 Pr |
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Country : |
China |
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Date of Incorporation : |
28.07.2005 |
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Com. Reg. No.: |
310000500291144 |
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Legal Form : |
Representative Office |
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Line of Business : |
providing the liaison services for its parent
company |
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No. of Employees
: |
7 persons |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Representative Office |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
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
Prodex-charnoz Shanghai representative office
room 1905, 19/f,
china venturetech plaza, no. 819 nanjing west road
shanghai 200041 PR
CHINA
TEL: 86 (0)
21-52131090
FAX: 86 (0)
21-52132391
EXECUTIVE SUMMARY
Date of Registration : july 28, 2005
REGISTRATION NO. : 310000500291144
LEGAL FORM : REPRESENTATIVE OFFICE
REGISTERED CAPITAL : n/a
staff :
7
BUSINESS CATEGORY : liaison
Revenue :
N/A
EQUITIES :
N/A
WEBSITE : N/A
E-MAIL : passionbijouxfolies@yahoo.fr
PAYMENT :
NOT YET be DETERMINED
Recommended Credit Limit: c.o.d.
MARKET CONDITION : average
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : ordinary
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.33 = 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: According to the given contact ways, we
located SC, and SC’s complete name should be the heading one, instead of the
given name-Prodex Charnoz.
SC was established
as a representative office of PRC with State Administration of Industry &
Commerce (SAIC) under registration No.: 310000500291144 on July 28, 2005.
SC’s Organization Code Certificate No.: 77854329-2
Registration Change Record:
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:-
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Parent company |
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Prodex Charnoz (France) |
SC’s Chief Executives:-
|
Position |
Name |
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Principal |
Jerome Marin |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
PARENT COMPANY & BACKGROUND
Name
Prodex Charnoz (France)
Address: Ld Les Pises 01800 Charnoz Sur
Ain-France
Tel: +33474463463
Fax: +33474614553
MANAGEMENT
Jerome Marin,
Principal
--------------------------------
Ø
Gender: M
Ø
Nationality: France
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as principal
Valerie Marin,
Purchasing Manager
-----------------------------------------------
Ø
Gender: M
Ø
Nationality: France
Ø
Mobile: 86 (0) 13816324086
BUSINESS OPERATION
SC is mainly engaged in providing the liaison services for its parent
company.
SC’s parent
company is mainly engaged in selling individual protection equipment and
hardware tools, and the most products are exported to Europe and USA.
Staff & Office:
--------------------------
SC is known
to have approx. 7 staff at
present.
SC rents an area
as its operating office of approx. 100 sq. meters at the heading address.
RELATED COMPANY
SC is
not known to have any subsidiary at present.
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good ( )
Average ( ) Fair ( ) Poor (X) 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: N/A
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 a representative office, SC is not allowed to engage in direct
business. All its expenses are supposed to be provided by its parent
company. Therefore, its financial information is not available.
CONCLUSIONS
SC is a representative office, which is not engaged in direct business.
A credit line at the above amount appears beyond SC’s capacities, credit should
be extended under guarantee, and C.O.D. is recommended.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.52.82 |
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UK Pound |
1 |
Rs.82.07 |
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Euro |
1 |
Rs.68.93 |
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.