MIRA INFORM
REPORT
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Report Date : |
11.04.2012 |
IDENTIFICATION DETAILS
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Name : |
GAT INTERNATIONAL LTD. |
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Registered Office : |
Room 021, Unit 6, No. 28 Building, Qinghua Garden, No. 170,
Nanyang Road, Zhengzhou City, Henan Province 450003 Pr |
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Country : |
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Date of Incorporation : |
08.10.2007 |
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Com. Reg. No.: |
410108600007664 |
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Legal Form : |
Individual-Owned Enterprise |
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Line of Business : |
wholesaling and retailing seafood |
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No. of Employees
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04 |
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 : |
Moderate |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
GAT INTERNATIONAL LTD.
room 021, unit 6,
no. 28 building, qinghua garden, no. 170,
nanyang road,
zhengzhou city, henan province 450003 PR CHINA
TEL: 86 (0)
371-63605375/65361805 FAX: 86 (0)
371-63989136
EXECUTIVE SUMMARY
INCORPORATION DATE : oct. 8, 2007
REGISTRATION NO. : 410108600007664
REGISTERED LEGAL FORM : individual-owned
enterprise
STAFF STRENGTH :
4
REGISTERED CAPITAL : N/A
BUSINESS LINE :
wholesaling and retailing
TURNOVER :
n/a
EQUITIES :
n/a
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : c.o.d.
MARKET CONDITION : fair
FINANCIAL CONDITION : undetermined
OPERATIONAL TREND : fairly steady
GENERAL REPUTATION : average
EXCHANGE RATE :
CNY 6.30 = USD $1
Adopted abbreviations
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY - China Yuan Ren Min Bi
SC was registered as an individual-owned enterprise at local
Administration for Industry & Commerce (AIC-The official body of issuing
and renewing business license) on Oct. 8, 2007.
Company Status: Individual-owned enterprise This form of business in PR China
is a privately owned individual or family enterprise, which does not have
legal person or limited status. The individual-owned enterprises are
usually located in urban area and are permitted to adopt a business name
& engage in retail, service, transportation & manufacturing
business.
SC’s
registered business scope includes wholesaling and retailing seafood.
SC is
mainly engaged in wholesaling and retailing seafood.
Ms. Cheng Aiju has been principal of SC since 2007.
SC is known to have approx. 4 staff members at
present.
SC is currently operating at the above stated address, and this
address houses its operating office in the commercial zone of Zhengzhou. Our
checks reveal that SC rents the total premise about 80 square meters.
http://www.pacific86.com The design is
professional and the content is well organized. At present the web is only in
English version.
No significant events or changes were found during our checks with the
local AIC.
MAIN SHAREHOLDERS:
Name % of Shareholding
Cheng Aiju 100
Principal:
Ms. Cheng Aiju, in her
Working
Experience(s):
From 2007 to present Working in SC as principal.
SC is mainly
engaged in wholesaling and retailing seafood.
SC’s products mainly include: various seafood.
SC sources its materials 100%
from domestic market, mainly Guangdong province; SC sells its products 100% in domestic
market, mainly Guangdong province.
The
buying terms of SC include T/T, check and Credit of 30-60 days. The payment
terms of SC include T/T, check and Credit of 30-60 days.
SC is not known to have any subsidiary at present. 
Overall payment
appraisal :
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet 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.
SC’s management declined to
release its bank information.
Registered as an individual owned
enterprise, SC is not required to report its finance information to local AIC.
SC is considered
an individual-owned enterprise with
undetermined financial conditions. Taking into consideration of SC
development history and operation size we would rate SC as a fairly high credit
risk company.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.20 |
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UK Pound |
1 |
Rs.81.50 |
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Euro |
1 |
Rs.67.15 |
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.