MIRA INFORM REPORT

 

 

Report Date :

13.01.2011

 

IDENTIFICATION DETAILS

 

Name :

NINE NICE MINERALS INTERNATIONAL GROUP LTD.

 

 

Registered Office :

C-308, Soho Building, Tongjingyuan 4th Avenue, Teda, Tianjin, 300457 Pr

 

 

Country :

China

 

 

Date of Incorporation :

Not Available

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Not Available

 

 

Line of Business :

selling Met Coke, Coal, Carbon Raiser, Calcined Petroleum Coke.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Not  Registered in Mainland China Local AIC

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

China

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name & address 

 

NINE NICE MINERALS INTERNATIONAL GROUP LTD.

C-308, SOHO BUILDING, TONGJINGYUAN 4TH AVENUE, TEDA,

TIANJIN, 300457 PR CHINA

TEL: 86 (0) 22-59812723/25/26/27/28/98  FAX: 86 (0) 22-59812722

 

Rounded Rectangle: CHECK ON SC’S REGISTERED TELEPHONE LINE I'VE RECEIVED THE REPORTS JUST IN TIME. THANK YOU BUT WOULD YOU PLS E-MAIL THEM TO : CREDIT@QINGDAO.CNGB.COM RIGHT NOW AGAIN? I WILL BE WAITING.. THANKS AGAIN, JULIE NTS  

 

 


From the website (http://www.e-reful.com), we obtained the telephone numbers as follows: 86-22-59812723/25/26/27/28/98

 

When we dialed the number, a lady surnamed Wu answered the phone. She admitted the given name, and told us its Chinese name –玖玖矿产国际集团有限公司. SC is mainly engaged in selling met coke, coal, carbon raiser, calcined petroleum coke, and etc.

 

 

Rounded Rectangle: REGISTRATION 

 

 


According to the Chinese name 玖玖矿产国际集团有限公司, investigations were made with Tianjin Administration for Industry & Commerce (AIC - The official body of issuing and renewing business license); however, no record was found.

 

 

Rounded Rectangle: WEB SITE 

 


http://www.e-reful.com The design is professional and the content is well organized. At present the web site is both in Chinese and English versions.

 

E-mail: reful@e-reful.com

 

 

Rounded Rectangle: BUSINESS OPERATIONS BACKGROUND  

 

 


According to the above website, we know the business operation of SC, as follows,

 

Main products:

ü         Carbon Products

ü         Refractories

ü         Ferro Alloys

ü         Water Treatment

ü         Steel

ü         Others

      

 

SC sources its materials mainly from Xiaoyi, Shanxi province of China, and sells its products mainly to Middle-east, India, Pakistan, Egypt, Korea, Japan and Europe.

 

 

Rounded Rectangle: SPOT VISIT 

 

 


The address client provided is:

 

C-308, Soho Building Tongjingyuan 4th Avenue Teda, Tianjin China - 300457 China

 

According to Ms. Wu, SC is currently operating at the above stated address.

 

 

Rounded Rectangle: REMARKS 

 

 


SC was not legally registered at local AIC (mainland China). Given the circumstances, caution is advised related to dealings with persons claiming to represent such an entity, and C.O.D. is recommended.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.16

UK Pound

1

Rs.70.64

Euro

1

Rs.58.68

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

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%)

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.