MIRA INFORM REPORT
|
Report Date : |
05.07.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
PALIQU LIMITED SHANGHAI REPRESENTATIVE OFFICE
|
|
|
|
|
Registered Office : |
No. 1726-1730, Zhenguang Road, Putuo
District, Shanghai 200333 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Date of Incorporation : |
01.02.2005 |
|
|
|
|
Com. Reg. No.: |
310000500291224 |
|
|
|
|
Legal Form : |
Representative Office |
|
|
|
|
Line of Business : |
Importing & Exporting trade of textiles and auto components |
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 : |
Representative Office |
|
|
|
|
Payment
Behaviour : |
---- |
|
|
|
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
PALIQU LIMITED
SHANGHAI REPRESENTATIVE OFFICE
NO. 1726-1730, zhenguang
road
PUTUO DISTRICT,
SHANGHAI 200333 PR CHINA
TEL: 86 (0)
21-52759982
FAX: 86 (0)
21-52759963
EXECUTIVE SUMMARY
Date of Registration : FEBRUARY 1, 2005
REGISTRATION NO. : 310000500291224
LEGAL FORM : Representative office
REGISTERED CAPITAL : --
staff :
5
BUSINESS CATEGORY : LIAISON SERVICE
Revenue :
N/A
EQUITIES :
N/A
WEBSITE : N/A
E-MAIL :
N/A
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 6.47= 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: SC’s
complete name should be the heading one, while the correct name of SC’s parent
is Paliqu Limited, instead of the given one-Paligu Limited.
SC was established
as a representative office of PRC with State Administration of Industry &
Commerce (SAIC) under registration No.: 310000500291224
on February 1, 2005.
***Note:
Foreign company, which has entered into a
contract with a PR China co., is permitted to establish a representative office
in PR China. The representative office may engage only in “non-direct operating
activities” such as liaison, consulting, market research & general
information gathering. At present, representative office is not allowed to
employ local employees in its own name and must use PR China employment
agencies.
SC’s Organization Code Certificate No.:
771806221
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:-
|
Parent Company |
|
Paliqu Limited (Hong Kong) |
SC’s Chief Executives:-
Principal: Liang Lihong
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Parent
Company
· Paliqu Limited (Hong Kong)
-------------------------------------
Registration No.: 0154875
Date of Registration: July 23, 1985
Legal Form: Private
Registered Address: 3/F Lee Kiu Bldg 51
Jordan Road Kl
MANAGEMENT
Liang Lihong ,
Principal
-----------------------------------------
Ø
Gender: F
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as principal
BUSINESS OPERATION
SC’s registered business scope includes business liaison
for importing & exporting trade of textiles and auto components.
SC is mainly
engaged in business liaison for importing & exporting trade of textiles and
auto components.
The products mainly include: textiles,
garment, etc.
Staff & Office:
-------------------
SC is known
to have approx. 5 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 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.
Credit dealings with SC should be confined into C.O.D. at present.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.46 |
|
UK Pound |
1 |
Rs.71.53 |
|
Euro |
1 |
Rs.64.63 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.