MIRA INFORM REPORT

 

 

Report Date :

09.02.2012

 

IDENTIFICATION DETAILS

 

Name :

ZHEJIANG NONARC ELECTRIC CO., LTD.

 

 

Registered Office :

3/F, Yongshang Group, Huancheng East Road, Houjie Industrial Zone, Liushi Town, Yueqing, Wenzhou, Zhejiang Province, 325604 Pr

 

 

Country :

China

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Not Available

 

 

Line of Business :

Selling electric goods.       

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Not Registered in China

Payment Behaviour :

--

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

China

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Company name and address

 

ZHEJIANG NONARC ELECTRIC CO., LTD.

3/F, YONGSHANG GROUP, HUANCHENG EAST ROAD, HOUJIE INDUSTRIAL ZONE, LIUSHI TOWN, YUEQING, WENZHOU, ZHEJIANG PROVINCE, 325604 PR CHINA

TEL: 86 (0) 577-27867507         FAX: 86 (0) 577-62780320

 

 

Rounded Rectangle: CHECK ON SC’S REGISTERED TELEPHONE LINE I'VE RECEIVED THE REPORTS JUST IN TIME. THANK YOU BUT WOULD YOU PLS E-MAIL THEM TO : CREDIT@QINGDAO.CNGB.COM RIGHT NOW AGAIN? I WILL BE WAITING.. THANKS AGAIN, JULIE NTS  

 

 


We dialed the given number 86 (0) 577-27877507, but it wasn’t available.

 

Internet resources indicate that the contact way of SC is: 86 (0) 577-27867507

 

When we dialed the number 86 (0) 577-27867507, a male surnamed Shi answered.

He confirmed the given name and released its Chinese name浙江那亚克电气有限公司.

He confirmed that SC was not registered in local AIC.

 

 

Rounded Rectangle: CHECK ON SC’S REGISTRATION THANK YOU BUT WOULD YOU PLS E-MAIL THEM TO : CREDIT@QINGDAO.CNGB.COM RIGHT NOW AGAIN? I WILL BE WAITING.. THANKS AGAIN, JULIE NTS  

 

 


Careful investigations were made with the Zhejiang Provincial and Yueqing Municipal Administration for Industry and Commerce (the authority that issuing and renewing business license), and no record of SC was found.

 

 

Rounded Rectangle: OPERATION
 

 

 


Mr. Shi refused to release its operation information.

 

According to SC’s website http://www.nonarc.cn/

 

SC is mainly engaged in selling electric goods.

 

SC’s products mainly include: miniature circuit breaker, earth leakage circuit breaker, and moulded case circuit breaker, etc.

 

 

Rounded Rectangle: SPOT VISIT
 

 

 


The address client provided is:

 

Houjie Industrial Zone, Liushi, 325604 Wenzhou Zhejiang China

 

According to Mr. Shi, SC’s correct address should be the heading one.

 

Rounded Rectangle: REMARKS 

 

 

 


It is likely that SC is not registered in the local AIC. Judging from the above investigation results, no credit dealings with SC are recommended.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.07

UK Pound

1

Rs.78.09

Euro

1

Rs.65.15

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.