MIRA
INFORM REPORT
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Report Date : |
02.09.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
No. 02, Building A, International Cowboy City, Maoshan
Road Xinyin Industrial Village, Industry Processing Zone, Xintang Town
Zengcheng, Guangzhou City, Guangdong Province 511340 Pr |
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Country : |
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Date of Incorporation : |
11.06.2009 |
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Com. Reg. No.: |
440125600152432 |
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Legal Form : |
Individual-Owned |
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Line of Business : |
Wholesaling and Retailing Garment Accessories. |
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 : |
Very Small Concern |
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Payment Behaviour : |
Unknown |
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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, 2010
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 and address
(trading name: GUANGZHOU HUADING GARMENT ACCESSORIES CO.,
LTD.)
NO. 02, BUILDING A,
ZENGCHENG,
TEL: 86 (0) 20-82670866
FAX: 86 (0) 20-82688228
EXECUTIVE SUMMARY
Date of Registration : JUNE 11, 2009
REGISTRATION NO. : 440125600152432
LEGAL FORM : Individual-owned
REGISTERED CAPITAL :
N/A
staff : 10
BUSINESS CATEGORY :
wholesaling & retailing
Revenue : n/a
EQUITIES : n/a
E-MAIL :
ice@huading.info
PAYMENT : AVERAGE
Recommended Credit Limit: C.O.D.
MARKET CONDITION : average
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : ORDINARY
GENERAL REPUTATION : FAIR
EXCHANGE RATE : CNY 6.38 = USD 1
Adopted abbreviations (as
follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY –
OPERATIONAL TREND & GENERAL
REPUTATION
This section aims at indicating the relative positions of SC in respect
of its operational trend & general reputation
Operational Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not known Not
yet be determined
Not yet be determined
LEGAL STATUS & HISTORY
***Note: SC’s name should be the heading one, while
Guangzhou Huading Garment Accessories Co., Ltd. (the given name) is SC’s trade
name.
SC was
established as an individual-owned enterprise of
PRC with State Administration of Industry & Commerce (SAIC) under
registration No.: 440125600152432 on June 11, 2009.
No significant changes of SC have
been noted in SAIC since its incorporation.
Current Co search indicates SC’s shareholders & chief
executives are as follows:-
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Investor |
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Wei Qian |
SC’s Chief Executives:-
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Position |
Name |
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Principal |
Wei Qian |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART &
BACKGROUND
Investor
Wei Qian
Amount
of Investment: CNY 20,000
MANAGEMENT
Wei
Qian, Principal
-----------------------------------
Ø
Gender: F
Ø
Working
experience (s):
At present, working in SC as principal
Ben, Sales Manager
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Ø
E-mail: ben@huading.info
Ø
Working
experience (s):
At present, working in SC as sales manager
BUSINESS OPERATION
SC’s registered business scope includes wholesaling and
retailing garment accessories.
SC is
mainly engaged in wholesaling and retailing garment accessories.
SC’s products mainly include:
Button and Rivet
Patch
Hang Tag
Label
Belt
Etc.
SC sources its materials 100% from domestic
market, mainly
The
buying terms of SC include T/T and Credit of 30-60 days. The payment terms of
SC include T/T and Credit of 30-60 days.
Staff & Office:
--------------------------
SC is
known to have approx. 10
staff at present.
SC
rents an area as its operating office, but the detailed information is unknown.
RELATED COMPANY
u
Huading Industry Co., Limited (
Company
File No.: 1540369
Date
of Registration: December 14, 2010
Legal
Form: Private
Status:
Live
The
establishment of the above
u
Add:
3, Mahatma Jyotiba Phule Sadan,
Tel/Fax:
+91 22 23002157
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet be determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment experience (through current enquiry with SC's
suppliers), our delinquent payment and our debt collection record concerning
SC.
Trade payment experience: SC did not provide
any name of trade/service suppliers and we have no other sources to conduct the
enquiry at present.
Delinquent payment record: None in our
database.
Debt collection record: No overdue amount
owed by SC was placed to us for collection within the last 6 years.
BANKING
The bank
information of SC is not filed in local SAIC.
FINANCIALS
As an individual-owned enterprise, SC is not required to submit its
financials to the local SAIC.
CONCLUSIONS
SC was established as a small-sized individual-owned enterprise with 2
years operation history. Great caution is required in providing credit to SC
& C.O.D. is recommended.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.01 |
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1 |
Rs.75.42 |
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Euro |
1 |
Rs.66.69 |
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.