MIRA INFORM REPORT
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Report Date : |
06.07.2011 |
IDENTIFICATION DETAILS
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Name : |
GOLDEN BRIDGE LEATHER |
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Registered Office : |
Room Ab, 6, Floor, Hengzheng Bldg., Chezhan North Road, Nancheng Area,
Dongguan City, Guangdong Province, 523011 Pr |
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Country : |
China |
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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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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 : |
Undetermined |
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Payment
Behaviour : |
---- |
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Litigation : |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
GOLDEN BRIDGE LEATHER
ROOM AB, 6, FLOOR, HENGZHENG BLDG., CHEZHAN NORTH ROAD
NANCHENG AREA, DONGGUAN CITY, GUANGDONG PROVINCE
523011 PR CHINA
TEL: 86 (0) 13926837091
FAX: N/A
Alert 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.
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Adopted abbreviations (as follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
CHECK ON SC’S REGISTERED
TELEPHONE LINE
²
According to the given English name, we found the
contact ways, as below,
Tel: 86 (0)
769-81561986
Fax: 86 (0)
769-81561985
When we dialed the numbers, no one answered during our working time.
²
According to the given address, we managed to
contact the property management company (86
0769 23305663) of SC, a lady answered. She told us that there is a company
located in the mentioned address, and also released a mobile phone number (86 0 13926837091), which belongs to Mr.
Wan, principal of SC.
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A. When we dialed
Mr. Wan’s number, he admitted the English name, and released its Chinese name in
translation is “东莞金桥皮革公司”, but refused to
introduce any details about SC.
B. We dialed this
number again, a lady answered this time. She is very sensitive and
uncooperative, and released her e-mail address (lisa.goldenbridge@gmail.com),
but still did not say the current status about SC.
SPOT VISIT
Room Ab, 6, Floor, Hengzheng Bldg., Chezhan North Road, Nancheng Area,
Dongguan City, Guangdong Province, 523011 Pr China
Both Mr. Wan, and Ms. Lisa admitted that SC is currently working there.
According to the property management company of Hengzheng Bldg., no sign
of SC was found outside of the buildings or in every floor of the buildings.
OPERATION FROM INTERNET SOURCES
According to
internet sources:
=======================
SC is mainly engaged in acting to sell Indian cattle and sheep skin.
Main products: sheep leather & cow leather.
SC’s major clients are shoe factories.
REGISTRATION
According to the Chinese name Mr. Wan released, a research was conducted with the local Administration of Industry & Commerce (the official body of issuing and renewing business license), and no record of SC was found.
CONCLUSIONS
Based on
the investigations performed, it has not been possible to prepare a normal
credit report on SC. Given the circumstances, caution is advised related to
dealings with persons claiming to represent such an entity.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.50 |
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UK Pound |
1 |
Rs.71.25 |
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Euro |
1 |
Rs.64.40 |
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.