MIRA
INFORM REPORT
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Report Date : |
10.08.2012 |
IDENTIFICATION DETAILS
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Name : |
METECH INC. |
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Registered Office : |
11/F, Building 1, Recreo International Center, No. 8
Wangjing East Road, Chaoyang District, Beijing 100102 PR |
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Country : |
China |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Not Available |
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Line of Business : |
Engaged in selling lytag production line |
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No. of Employees : |
Not Available |
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 : |
Registered in America |
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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, 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
METECH INC.
11/F, BUILDING 1, RECREO INTERNATIONAL CENTER, NO. 8
WANGJING EAST ROAD, CHAOYANG DISTRICT, BEIJING 100102 PR CHINA
TEL: 86 (0) 10-64391879/64391877
FAX: 86 (0) 10-64392090
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 acquired from SC’s website (http://www.metech.com.cn/)
is:
Tel: 86 (0)
10-64391879/64391877
When we dialed the above telephone number, a gentleman
answered the phone. He admitted the given name and released the following
information on SC:
----------------------------------------------------------------------
*SC was registered in America with the name METECH INC. SC’s Chinese name is, and
they registered Metech Group China Corporation in Beijing.
*SC is mainly engaged in selling lytag production line.
*Website: http://www.metech.com.cn/
*Email: metech@metech.com.cn
The address client provided is: 11/F, Building 1, Recreo
International Center, No. 8 Wangjing East Road, Chaoyang District, Beijing
100102, China
According to the above
gentleman, SC is now operating at the above address.
According to the Chinese name released by the
above gentleman, careful investigations were
made with Beijing Municipal Administration for Industry and Commerce (AIC
- The official body of issuing and renewing business license), however, no record was found. Both METECH INC. and Metech Group China
Corporation are not registered in local AIC.
Phone calls were made to SC for interviews again; however, he is
very sensitive and refused to release
anything.
According to the above gentleman, SC is mainly engaged in
selling lytag production line.
According to SC’s website:
Beijing SDQ Technology Co., Ltd.
Xi'an Dongfang Fuxing Machinery Co., Ltd.
Judging
from the above investigation results, no credit dealings with SC are
recommended.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.17 |
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|
1 |
Rs.86.42 |
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Euro |
1 |
Rs.68.26 |
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 |
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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.