MIRA INFORM REPORT
|
Report Date : |
31.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
HUIRONGXING STAINLESS STEEL PRODUCTS LTD. |
|
|
|
|
Registered Office : |
Shop of Lanshi Machinery
Factory, Lanshi Town, Foshan, Guangdong Province, 528041 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Date of Incorporation : |
18.05.1998 |
|
|
|
|
Com. Reg. No.: |
4406031003049 |
|
|
|
|
Legal Form : |
Shares Jointly
Owned Enterprise |
|
|
|
|
Line of Business : |
Metal Materials
(excluding noble metal) and Stainless Steel Products; concurrently operating
electric tools, hardware and ceramics |
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 : |
Business License Cancelled |
|
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
HUIRONGXING STAINLESS STEEL PRODUCTS LTD.
SHOP OF LANSHI
MACHINERY FACTORY, LANSHI TOWN,
FOSHAN, GUANGDONG
PROVINCE, 528041 PR CHINA (AS REGISTERED)
TEL:
86 (0) 757-83312683 / 83315433 FAX:
86 (0) 757-83310989
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.
The telephone number
clients provided is
86
(0) 757-83312683
When we dialed the
above number, a gentleman answered. He said SC’s business license has been
canceled. The given address was SC’s former operating address, and there
located another company- Foshan Chancheng Huirongxing Trading Department
(literal translation)
The address client provided is: No. 3-4, Lanpu road, lanshi town, chancheng,
foshan
According to the above gentleman, the given address was SC’s former
operating address, and Foshan
Chancheng Huirongxing Trading Department (literal translation) operating there at present.
According to the from the local Administration for Industry & Commerce (The official body of issuing
and renewing business license), SC’s business registration license was
canceled on July 24, 2000. Its former registration details are as below:
Incorporation Date : May 18, 1998
Registration No. : 4406031003049
Registered Legal
Form : Shares Jointly Owned Enterprise
Registered Capital : CNY 30,000
SC’s registered
business scope includes: metal materials (excluding noble metal) and stainless
steel products; concurrently operating electric tools, hardware and ceramics.
At local AIC, we found
the registration details of Foshan Chancheng Huirongxing Trading Department
(literal translation) as below:
Incorporation Date : April 13, 2001
Registration No. : 440602600076513
Registered Legal
Form : Individual-owned
enterprise
Registered Capital : CNY 30,000
Considering the
above investigation results, great caution is required in providing credit to
SC and no credit dealings with SC can be recommended.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.10 |
|
UK Pound |
1 |
Rs.74.27 |
|
Euro |
1 |
Rs.64.35 |
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.