MIRA INFORM REPORT
|
Report Date : |
15.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
SINOCHEM NUTRITION INT'L LIMITED |
|
|
|
|
Registered Office : |
Rm. 202, Unit 5, Bldg. D6, Jinmayiyuan, The Intersection
Of Dongfeng Street And Weixian Middle Road, Hi-Tech Zone, Weifang,
Shandong Province, 261000 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Date of Incorporation : |
12.11.2010 |
|
|
|
|
Com. Reg. No.: |
1522955 |
|
|
|
|
Legal Form : |
Private Company With Limited Liability |
|
|
|
|
Line of Business : |
Exporting Plastic Additives |
RATING & COMMENTS
|
MIRA’s Rating : |
Nb |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
|
Status : |
New Company |
|
|
|
|
Payment
Behaviour : |
Unknown |
|
|
|
|
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 – 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
SINOCHEM NUTRITION
INT'L LIMITED
rm. 202, UNIT 5, BLDG. D6, JINMAYIYUAN, THE
INTERSECTION OF DONGFENG STREET AND WEIXIAN MIDDLE ROAD, HI-TECH ZONE,
WEIFANG, SHANDONG PROVINCE, 261000 PR CHINA
TEL: 86 (0)
13505360068 FAX: N/A
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 telephone number clients provided is
86 (0) 536-8052299
As our confirmation, the above number belongs to China Citic Bank
Weifang Branch.
When we dialed the given mobile phone number – 13505360068, Mr. Zhou
Jianhua answered. He confirmed that his company is with the given name, and
released the following:
SC is registered in Hong Kong, and has no Chinese name.
SC is mainly engaged in exporting plastic additives.
SC has operating office in Hong Kong. However he refused to release any
more information about his company, and also refused any means of interview.
The
address client provided is: No. 246,
Shengli East Road, Weifang, Shandong
According to Mr. Zhou, the above address belongs to China Citic Bank
Weifang Branch, but he declined to release whether SC has account in that bank;
SC’ operating office in Weifang is located at the heading address. However, he
declined our request of a site visit for an interview.
In
Hong Kong Companies Registry, we found the following information:
CR No.: 1522955
Date of Incorporation:
12-NOV-2010
Company Status: Private
Active Status: Live
Since it is a practice for a company in China to register in Administration of Industry and Commerce (AIC) with a total set of required documents in CHINESE, we are unable to find its in local AIC according to its English name.
We’ll definitely go on with this report if its Chinese company name is available.
SC was established on Nov. 12,
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.77 |
|
UK Pound |
1 |
Rs.73.45 |
|
Euro |
1 |
Rs.64.55 |
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.