MIRA
INFORM REPORT
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Report Date : |
20.02.2012 |
IDENTIFICATION DETAILS
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Name : |
OVERSEA GATEWAY LIMITED SHENZHEN Representative office |
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Registered Office : |
27/F, Nanhai
Building, Huacai Garden, Shekou Industry 7th Road, Nanshan
District, Shenzhen, Guangdong Province, 518067 Pr |
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Country : |
China |
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Date of Incorporation : |
19.12.2005 |
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Com. Reg. No.: |
440301508093927 |
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Legal Form : |
Representative Office |
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Line of Business : |
Not Divulged |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Representative Office |
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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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
OVERSEA
GATEWAY LIMITED SHENZHEN Representative office
27/F, NANHAI BUILDING, HUACAI
GARDEN, SHEKOU INDUSTRY 7TH ROAD, NANSHAN DISTRICT, SHENZHEN,
GUANGDONG PROVINCE, 518067 PR CHINA
TEL: 86 (0) 755-26825830/26825840 FAX: 86 (0) 755-26825840
EXECUTIVE SUMMARY
INCORPORATION DATE : DEC. 19,
2005
REGISTRATION NO. : 440301508093927
REGISTERED LEGAL FORM : Representative office
STAFF STRENGTH :
10
REGISTERED CAPITAL : n/a
BUSINESS LINE : liaison
TURNOVER :
n/a
EQUITIES :
n/a
PAYMENT :
not yet determined
RECOMM. CREDIT RANGE : small amount
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : FAIRLY steady
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.2972 = USD 1
Adopted abbreviations
ANS - amount not
stated
NS - not stated
SC - subject
company (the company inquired by you)
NA - not available
CNY - China Yuan Renminbi
Note: SC’s complete name should be the heading
one, while the given one (Oversea Gateway Ltd.) belongs to SC’s parent
company.
SC was registered as a representative office at local
Administration for Industry & Commerce (AIC - The official body of issuing
and renewing business license) on Dec. 19, 2005.
Company Status: Representative office Foreign company, which has entered
into a contract with a PR China co., is permitted to establish a
representative office in PR China. The representative office may engage
only in “non-direct operating activities” such as liaison, consulting,
market research & general information gathering. At present,
representative office is not allowed to employ local employees in its own
name and must use PR China employment agencies.
SC’s registered
business scope includes business liaison for SC's parent company, and not
allowed to engage in direct business.
SC is mainly
engaged in business liaison for SC's parent company.
Gupta Rahul is
principal of SC at present.
SC is known to
have approx. 10 employees at present.
SC is currently operating at the above stated address, and this address houses its operating office in Shenzhen. SC’s employee refused to release the detailed information of the premise
SC is not known to host website of its own at present.
Changes
of its registered information:
|
Date of change |
Item |
Before the change |
After the change |
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Registration no. |
805238 |
440301508093927 |
PARENT COMPANY:
Name
Oversea Gateway Limited (Hong Kong)
Registration no.: 0846811
Legal form: private
Incorporation date:
l
Principal:
Gupta Rahul is currently responsible for the overall management of SC.
Working Experience(s):
At present Working
in SC as principal.
Official:
======
Gupta Sarita
Note: Upon our contact,
a female staff declined forwarding any detailed operation information on the
ground that it is the company’s policy not releasing any data to a third party
without the benefit of knowing identity of the inquiring party. If you’d like
to release the name of your client, we’ll try again.
SC is mainly
engaged in business liaison for SC's parent company.
The products of SC’s parent company: electronic products,
light industrial products, etc.
SC
is not known to have any subsidiary at present.
Overall payment appraisal:
( ) Excellent (
) Good ( ) Average
( ) Fair (
) Poor (X) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment and our debt collection record concerning SC.
Trade payment experience: N/A
Delinquent
payment record: None in our database.
Debt collection record: No overdue amount owed by SC was placed to us for
collection within the last 6 years.
SC’s staff
declined to release its bank details.
As a representative office, SC is not allowed to engage in direct
business. All its expenses are supposed to be provided by its parent company.
Therefore, its financial information is not available.
SC is a representative office, which is not engaged in direct business.
Credit dealings with SC should be confined into small amount at present.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.21 |
|
|
1 |
Rs.77.75 |
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Euro |
1 |
Rs.64.58 |
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.