MIRA
INFORM REPORT
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Report Date : |
30.04.2012 |
IDENTIFICATION DETAILS
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Name : |
DONGSHENG INDUSTRIAL LIMITED |
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Registered Office : |
No. 618, Lian’an Road, Yanbu Town, Nanhai District,
Foshan, Guangdong Province, 528247 Pr |
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Country : |
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Date of Incorporation : |
04.10.2011 |
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Com. Reg. No.: |
1669225 |
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Legal Form : |
Private |
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Line of Business : |
Picanol loom, Somet Rapiers, Vamatex
Rapiers, and so on |
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No. of Employees : |
Not Available |
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 – September 30, 2011
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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 and address
DONGSHENG INDUSTRIAL LIMITED
no. 618, lian’an road, yanbu town,
nanhai district, foshan,
GUANGDONG PROVINCE,
528247 PR CHINA
TEL: 86 (0) 15601705681
FAX: 86 (0) 20-82958051
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.
The telephone number clients provided is
86 (0) 15601705681
When we dialed the above number, a gentleman Mr. Wang
answered.
He confirmed the given name, and released the heading
Chinese name, and he also released the following:
SC is registered in Hong Kong, and it has offices in Foshan
and Guangzhou.
It is mainly engaged in exporting used weaving looms.
Guangzhou Office is located in: No. 126, Lifu
Plaza, Guangzhou
However, he refused to release more information about his
company, and also refused any means of interview.
The
address client provided is: No. 618, Lian’an road, yanbu town, foshan city
According to Mr. Wang, SC is now operating at the above address. However, he declined our request of a site visit for an
interview.
In Hong Kong Companies Registry, we found the following
information:
Company Name: DONGSHENG INDUSTRIAL
LIMITED
CR No.: 1669225
Date of Incorporation:
4-Oct.-2011
Company Status: Private
Active Status: Live
Careful
investigations were made with the Guangdong Provincial, Guangzhou Municipal and
Foshan Municipal Administration for Industry and Commerce (the authority that
issuing and renewing business license), and no record of SC was found.
From internet, we found SC’s website: http://www.ds-usedloom.com
SC’s products mainly include Picanol loom, Somet Rapiers,
Vamatex Rapiers, and so on.
E-mail: insaneman@126.com
; info8trade@gmail.com
In view of the investigation results, caution is advised related to
dealings with persons claiming to represent such an entity.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.68 |
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1 |
Rs.85.12 |
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Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
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 |
-- |
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.