x

MIRA INFORM REPORT

 

 

Report Date :

16.02.2012

 

 

 

 

 

Tel. No.:

86-551-3456350

Fax No.:

86-551-3456350

 

IDENTIFICATION DETAILS

 

Name :

SORPAK TECHNOLOGIES LIMITED

 

 

Registered Office :

No. 19 Meishan Road, Hefei, Anhui Province, 230022 Pr

 

 

Country :

China

 

 

Date of Incorporation :

14.01.2010

 

 

Legal Form :

Private

 

 

Line of Business :

Exporting packing machine, color sorter machine, rice milling machine, food processing machine.

 

 

No. of Employees :

--

 

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 :

Unknown

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

 

SORPAK TECHNOLOGIES LIMITED

NO. 19 MEISHAN ROAD, HEFEI, ANHUI PROVINCE, 230022 PR CHINA

TEL: 86 (0) 551-3456350/86-13705693517            FAX: 86 (0) 551-3456350

 

 

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  

 

 


The given telephone number:

 

86 (0) 551-3456350

 

When we dialed the above telephone number, a gentleman Mr. Wallace Wang answered. He admitted the given name and released the following information on SC:

--------------------------------------------------------------------------------------

*SC was registered in Hong Kong with the name SORPAK TECHNOLOGIES LIMITED. All of its business is operating in Hefei City, Anhui Province, mainland China.

 

*SC is mainly engaged in exporting packing machine, color sorter machine, rice milling machine, food processing machine.

 

*Mobile: 86-13705693517

 

*Website: http://www.sorpak.com.cn/ 

 

 

Rounded Rectangle: SPOT VISIT 

 

 


The address client provided is:  “Street No. 15, Taihu Road, Hefei, Anhui, Fengyang China”

 

According to SC’s staff Mr. Wallace Wang, the given address was the former operating address of SC and the heading one is the current operating address of SC.

 

 

Rounded Rectangle: REGISTRATION                                                                                                                                               

 

 

According to the Chinese name released by Mr. Wallace Wang, careful investigations were made with Hefei Municipal and Anhui Provincial Administration for Industry and Commerce (AIC - The official body of issuing and renewing business license), however, no record was found.

 

Investigations were conducted with Hong Kong Compnies Registry, and we found the registered infromation of SC as following:

 

CR No.: 1411505

Company Name: SORPAK TECHNOLOGIES LIMITED

Date of Incorporation: Jan. 14, 2010

Legal form: Private

Company Status: Live

 

 

Rounded Rectangle: OPERATION
 

 

 


According to SC’s staff Mr. Wallace Wang, SC is mainly engaged in exporting packing machine, color sorter machine, rice milling machine, food processing machine.

 

SC’s products mainly include: X-ray Inspection System, Color Sorters, Rice Machinery and more.

 

 

Rounded Rectangle: REMARKS 

 

 


SC was established on Jan. 14, 2010 in Hong Kong and operating in Hefei City, mainland China. Credit dealings with SC should be confined into C.O.D. at present.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.29

UK Pound

1

Rs.77.45

Euro

1

Rs.64.89

 

 

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.