MIRA INFORM
REPORT
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Report Date : |
05.01.2011 |
IDENTIFICATION DETAILS
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Name : |
YUANLIN FACTORY LIMITED |
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Registered Office : |
Room 202, No. 17, Lane 20 Mingdu Road, Minhang District, Shanghai,
201100 Pr |
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Country : |
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Date of Incorporation : |
30.09.2005 |
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Com. Reg. No.: |
0998644 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Selling Chemical Products, such as printing ink and etc. |
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 – June 30, 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
YUANLIN
FACTORY LIMITED
Room 202, no. 17,
lane 20 mingdu road, minhang district,
20 17 202
TEL: 86
(0) 21-64601800 FAX: 86 (0)
21-64601700
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.
The provided telephone number is:
86-21-64601800
When we dialed the number, a male surnamed Shi answered the phone.
He admitted the given name and told us its Chinese name –源林工厂有限公司
He also released the following information:
SC is registered in Hong Kong and operating in
There is no staff working in
SC is mainly engaged in selling chemical products, such as printing ink
and etc.
According
to the Chinese name源林工厂有限公司,
investigations were made with Shanghai Administration for Industry & Commerce
(AIC - The official body of issuing and renewing business license); however, no
record was found.
In HK Company
Registry, we found the following registration information on SC:
Yuanlin Factory Limited
源林工廠有限公司
==================
Incorporation Date :
September 30, 2005
Registration No. :
0998644
Registered Legal Form : Private
Active Status :
Live
The
address client provided is:
Room 202, No. 17, Lane 20, Mingdu Road, Minhang District, PC
201100, Shanghai, China
According to Mr. Shi, SC is currently operating at the above stated
address.
Given 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.44.84 |
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|
1 |
Rs.69.32 |
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Euro |
1 |
Rs.59.79 |
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.