MIRA INFORM
REPORT
|
Report Date : |
11.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
WIN INTERNATIONAL TRADING CO., LTD. |
|
|
|
|
Registered Office : |
No. 6 Xinghai Road, Baixia, Nanjing, Jiangsu Province 210014 Pr |
|
|
|
|
Country : |
China |
|
|
|
|
Financials (as on) : |
----- |
|
|
|
|
Date of Incorporation : |
----- |
|
|
|
|
Com. Reg. No.: |
----- |
|
|
|
|
Legal Form : |
----- |
|
|
|
|
Line of Business : |
----- |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Offshore Company |
|
|
|
|
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
win international trading co., ltd.
no. 6 xinghai road, baixia, nanjing, jiangsu
province 210014 pr china
TEL: 86 (0) 25-84618412/13706063635
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.
------------------------------------------
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
The given
telephone number is as follows,
TEL: 86 (0) 25-84618412
²
When we dialed the above telephone number, a lady
answered the phone. She told us that she did not know the details, and is not
charge of the business. She released the mobile phone number (86 (0) 13706063635) of SC’s principal
Mr. Ke.
²
We contacted Mr. Ke, he admitted the English name,
and told us SC is an offshore company, and has no Chinese name. He was very
uncooperative, and did not release other information about SC.
²
According to
internet sources, we searched two websites about SC, as follow,
A.
We logged on both websites and found that they are
online shopping ones, instead of the formal company webpage.
B.
The websites indicates that SC is mainly engaged in
selling garment, shoes & hats, etc.
SPOT VISIT
No. 6 Xinghai
Road, Baixia, Nanjing, Jiangsu Province 210014 PR China
Mr. Ke admitted the above address, and told us the detailed road number
is No. 6. There is a building locates in the given address, but he refused to
release the detailed room number.
REGISTRATION
Since it is a practice for a company in China to register in State Administration of Industry and Commerce (SAIC) with a total set of required documents in CHINESE, we are unable to find its in Shanghai Municipal SAIC according to its English name.
We will continue to reinvestigate, if the client could provide the Chinese name of SC.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
|
UK Pound |
1 |
Rs.76.65 |
|
Euro |
1 |
Rs.66.17 |
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.