MIRA
INFORM REPORT
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Report Date : |
08.08.2012 |
IDENTIFICATION DETAILS
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Name : |
ACCURETE CHINA INDUSTRIAL CO., LIMITED |
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Registered Office : |
No. 100 Xinhua West Road,
Jianghan District, Wuhan City, Hubei Province 430014 Pr |
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Country : |
China |
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Date of Incorporation : |
08.03.2012 |
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Com. Reg. No.: |
1714796 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Selling Mineral Products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New company |
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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
ACCURETE CHINA INDUSTRIAL CO.,
LIMITED
NO. 100
XINHUA WEST ROAD, JIANGHAN DISTRICT, WUHAN CITY
HUBEI
PROVINCE 430014 PR CHINA
TEL: 86
(0) 27-85485658/18062137905
FAX: 86
(0) 27-85411656
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
According to the given name, we found the following
contact ways,
Tel: 86 (0)
27-85485658/18062137905
Fax: 86 (0)
27-85411656
When we dialed the above number, a gentleman answered the phone. He admitted the given English name, and told us SC is registered in Hong Kong, and its Chinese name in translation is “艾克力中国实业有限公司”, SC mainly operates in Wuhan, Hubei Province PR China.
²
The gentleman
introduced the below information,
A.
SC is mainly engaged in selling mineral
products.
B.
SC’s products mainly include:
Ferro Silicon
Ferro Molybdenum
Ferro Tungsten
Ferro Vanadium
Silicon Manganese
Ferro Silicon Calcium
Calcium Silicon
Ferro Chromium
Ferro Boron
FeS
Silicon Carbide
Electrolytic Manganese
Ferro Titanium
Ferro Aluminium
FeSiCaBaAl
Silicon Aluminum Barium
Ferro Phosphorus
FeNb
C.
SC sources its materials 100% from domestic market.
SC sells 60% of its products in domestic market, and 40% to overseas market.
D.
SC’s website: www.xt-alick.com
E-mail:
sales@accuretecn.com
SPOT VISIT
No.
100 Xinhua West Road, Jianghan District, Wuhan City, Hubei Province 430014 PR
China
According to the gentleman, SC locates in the above address.
REGISTRATION
During our check with Hong Kong Registry, we
found the following registration information about SC,
---------------------------
Company
Name: Accurete China Industrial Co.,
Limited
Company
File No.: 1714796
Date of
Registration: March 8, 2012
Legal
Form: Private
Status: Live
CONCLUSIONS
SC was established recently in 2012, and its credit has not been established
yet.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.50 |
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UK Pound |
1 |
Rs.86.40 |
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Euro |
1 |
Rs.68.69 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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.