MIRA INFORM REPORT
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Report Date : |
20.10.2011 |
IDENTIFICATION DETAILS
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Name : |
HONG KONG JONES DAY INDUSTRIAL CO., LIMITED |
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Registered Office : |
No. 6, Garden Road, Jida, Zhuhai, Guangdong Province 519000 Pr |
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Country : |
China |
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Date of Incorporation : |
15.06.2010 |
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Com. Reg. No.: |
1468938 |
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Legal Form : |
Private company with
Limited Liability |
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Line of Business : |
Exporting
Cork Paper, Cork Luminated Paper, Cork Cloth, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Not Registered in China |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
HONG KONG JONES DAY INDUSTRIAL CO., LIMITED
NO. 6, GARDEN ROAD, JIDA
ZHUHAI, GUANGDONG PROVINCE 519000 PR CHINA
TEL: 86-4006684334
FAX: 86 (0) 756-6210933
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 contact ways are as follows,
TEL: 86-4006684334
FAX: 86 (0)
756-6210933
When we dialed the above telephone number, a gentleman Mr. Zhang
answered the phone. He admitted the English name, and told us its Chinese name
in translation is “香港众达实业有限公司”, which is
registered in Hong Kong.
²
Mr. Zhang
introduced the below information,
A.
SC is mainly engaged in exporting cork
paper, cork luminated paper, cork cloth, etc.
B.
SC sources its products 100% from domestic
market, mainly Guangdong Province.
C.
SC has a website www.hkzdindustry.net,
and the e-mail is hkzdindustryl@163.com.
SPOT VISIT
No. 6,
Garden Road, Jida, Zhuhai, Guangdong Province 519000 PR China
Mr. Zhang released that SC is currently working there.
REGISTRATION
According to the Chinese name “香港众达实业有限公司” Mr. Zhang released, a research was conducted with Zhuhai municipal & Guangdong Provincial Administration of Industry & Commerce (the official body of issuing and renewing business license), but no record of SC was found.
During our check with Hong Kong Registry,
we found the following registration about SC,
Company
Name : Hong Kong Jones Day Industrial Co.,
Limited
Company
File No. : 1468938
Date of
Registration : June 15, 2010
Legal Form : Private
Status : Live
CONCLUSIONS
SC is considered small-sized in its line with short business history. Credit
dealings with SC should be confined into C.O.D. to small amount at present.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.18 |
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UK Pound |
1 |
Rs.77.49 |
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Euro |
1 |
Rs.67.96 |
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.