MIRA INFORM REPORT
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Report Date : |
20.04.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Rm 1402, No. 5, Lane 118, |
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Country : |
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Date of Incorporation : |
23.12.1982 |
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Com. Reg. No.: |
3101151019225 |
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Legal Form : |
State Owned Enterprise |
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Line of Business : |
Subject importing
and exporting commodities and
technologies |
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 : |
Business License Struck Off |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
CHINA NATIONAL
ELECTRONICS IMPORT AND EXPORT SHANGHAI LTD.
RM 1402, NO. 5, LANE 118, QUYANG ROAD, SHANGHAI, 200092 PR CHINA
TEL: N/A
FAX: N/A
Alert 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.
Note: The given address is wrong.
The registered telephone number of SC in the local AIC, 021-65076529,
does not belong to SC at present.
According to the management of China National Electronics Import &
Export Corp. (中国电子进出口总公司),
SC’s address
should be the heading one, and its tel. no. is 021-65221796.
When we dialed the number, a gentleman answered. However, he declined
our interview.
Exhausting our efforts, we were unable to find its new telephone number
in various information sources, including the internet, yellow pages and
telecom companies.
The
address client provided is: MSH 3567, Room
B, b1/f
We can’t found the corresponding Chinese name of the address.
Internet sources indicate that the above address locates in U.K. instead
of China.
According to the management of China National Electronics Import &
Export Corp. (中国电子进出口总公司),
SC’s address
should be the heading one.
According to our investigations in local Administration for
Industry & Commerce (The official body of issuing and renewing business
license), SC’s business license was struck off on Nov. 20, 2006. Its former registration details are as
below:
INCORPORATION DATE :
Dec. 23, 1982
REGISTRATION NO. :
3101151019225
REGISTERED LEGAL FORM :
State-owned enterprise
REGISTERED CAPITAL :
CNY 11,720,000
SC’s registered business scope include: importing and exporting
commodities and technologies, excluding export commodities under state-unified
operation and import commodities operated by the state-designated companies;
processing with imported materials, processing with imported samples,
assembling with imported parts, and compensation trade in agreement; transiting trade; domestic trade; exhibition,
storage, packing, consignment, maintenance, technology information consultation
and processing.
Superior
Department
China National Electronics Import & Export Corp.
Registration No. :
100000000001068
Registered Legal Form :
State-Owned Enterprise
Chief Executive : Mr.
Cong Yadong (丛亚东)
Registered Capital : CNY
644,216,000
SC’s business license was struck off in 2007, no credit dealings with SC
are recommended 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.51.89 |
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UK Pound |
1 |
Rs.83.18 |
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Euro |
1 |
Rs.68.06 |
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.