MIRA
INFORM REPORT
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Report Date : |
12.11.2011 |
IDENTIFICATION DETAILS
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Name : |
NINGBO GLORIOUS CO., LIMITED |
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Registered Office : |
No. 17, Lane 469, Yinfeng Road, Haishu District, Ningbo,
Zhejiang Province, 315010 Pr |
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Country : |
China |
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Date of Incorporation : |
24.08.2010 |
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Com. Reg. No.: |
1496827 |
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Legal Form : |
Private |
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Line of Business : |
Traffic Safety(Traffic Barrier,Traffic Cone,Warning Triangle,Delineator Posts,Wheel Stops,Speed Bumps,Barricade Lights) |
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 : |
Moderate |
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Payment Behaviour : |
-- |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
Name and address
NINGBO GLORIOUS
CO., LIMITED
NO. 17, LANE 469,
YINFENG ROAD, HAISHU DISTRICT, NINGBO,
ZHEJIANG PROVINCE,
315010 PR CHINA
TEL: 86 (0)
18969850790 FAX: 86 (0) 574-87084497
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 & fax number client given are 86-18969850790 and
86(0)574-87084497.
We dialed the number and one gentleman answered the phone.
He admitted the given English name and released that SC is registered in Hong Kong with the Chinese name宁波辉煌有限公司.
However, he refused to release other details.
The address client given is:
No. 17, Lane 469, Haishu District, 315010 Ningbo Zhejiang China
According to the above gentleman, SC is operating in the above address.
According
to the Chinese name released by the above gentleman,
careful investigations were made with Ningbo Municipal Administration for
Industry and Commerce (AIC - The official body of issuing and renewing
business license), but no record was
found.
In HK Company
Registry, we found the following registration information on SC:
Ningbo Glorious
Co., Limited
-----------------------------------------------
Registration
no.: 1496827
Registered
legal form: private
Incorporation
date: 2010-8-24
Business Information from SC’s website http://www.gloriousindustry.com:
=====================================================
SC’s products mainly include:
1)
Traffic Safety(Traffic Barrier,Traffic Cone,Warning Triangle,Delineator Posts,Wheel Stops,Speed Bumps,Barricade Lights)
2)
Adhesive Tape (BOPP Tape,PVC Tape,Duct Tape,Pet Tape,Pe Warning Tape);
3)
Camping & Tents(Beach Tent,Camping Tent,Chindren Tent,Pop up Tent,Wind Shield ,Tarpaulin)
4)
Cloths & Garment(Safety Suit,Workwear,Coverall,Overall,Lady's Garment ,Man's Garment,Children's Garment)
5) Led
Light (Led bulbs, Led Spot Light, Led down Light, Led home light)
Email: Gavin@gloriousIndustry.com
SC was established on August 24, 2010 in Hong Kong. Credit dealings with
SC should be confined into C.O.D. at present.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.28 |
|
|
1 |
Rs.80.08 |
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Euro |
1 |
Rs.68.44 |
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 |
|
-- |
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.