MIRA
INFORM REPORT
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Report Date : |
30.07.2012 |
IDENTIFICATION DETAILS
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Name : |
VERTIGO INTERNATIONAL LIMITED GUANGZHOU
REPRESENTATIVE OFFICE |
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Registered Office : |
2101d No. 559 Tianhe North Road, Tianhe
District, Guangzhou, Guangdong Province 510635 Pr |
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Country : |
China |
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Date of Incorporation : |
19.09.2005 |
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Com. Reg. No.: |
440101500013759 |
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Legal Form : |
Representative Office |
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Line of Business : |
Subject is
engaged in import & export liaison for its parent company |
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No. of Employees : |
02 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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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
|
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
VERTIGO INTERNATIONAL
LIMITED guangzhou Representative Office
2101d no. 559 tianhe north road, tianhe district
guangzhou, guangdong province 510635 PR CHINA
TEL: 86 (0) 20-38100962
FAX: 86 (0) 20-38390462
EXECUTIVE SUMMARY
Date of Registration : september 19, 2005
REGISTRATION NO. : 440101500013759
LEGAL FORM : REPRESENTATIVE OFFICE
REGISTERED CAPITAL : n/a
staff : 2
BUSINESS CATEGORY : liasion service
Revenue :
n/a
EQUITIES :
n/a
WEBSITE : n/a
E-MAIL :
n/a
PAYMENT : not yet be determined
MARKET CONDITION : fair
FINANCIAL CONDITION : n/a
OPERATIONAL TREND : FAIR
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : CNY 6.39 = USD 1
Adopted abbreviations
(as follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
OPERATIONAL TREND & GENERAL
REPUTATION
This section aims at indicating the relative positions of SC in respect
of its operational trend & general reputation
Operational Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not known Not
yet be determined
Not yet be determined
LEGAL STATUS & HISTORY
SC was
established as a representative office of PRC with State Administration of
Industry & Commerce (SAIC) under registration No.: 440101500013759 on September 19,
2005.
SC’s Organization Code Certificate
No.: 78120014-3
Registration Change Record:-
|
Date |
Change of Contents |
Before the change |
After the change |
|
-- |
Registration No. |
005308 |
440101500013759 |
Current Co search indicates SC’s parent company & chief
executives are as follows:-
|
Name of Parent Company |
|
Vertigo International Limited |
SC’s Chief Executives:-
|
Position |
Name |
|
Chief representative |
Mulchandani Mohan
Jiwatram |
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Representative |
Ganesh Prasad
Gaire |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
PARENT COMPANY
Name
Vertigo International Limited
-----------------------------------
Company File No.: 0872584
Date of Registration: November 26, 2003
Legal Form: Private
Status: Live
MANAGEMENT
Mulchandani Mohan
Jiwatram, Chief Representative
---------------------------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as chief representative
Ganesh Prasad Gaire,
Representative
------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At present, working in SC as representative
BUSINESS OPERATION
SC’s registered business scope includes liaison for
importing and exporting garment and grocery.
SC is
mainly engaged in import & export liaison for its parent company.
The
products mainly include:
Non-woven Bags
Tennis Balls & Pet Toys Ball
Solar Charger
Heater
SC’s parent company sources its materials
100% from domestic market, mainly Guangzhou. SC parent company sells 100% to
overseas market, mainly Southeast Asia, etc.
Staff & Office:
--------------------------
SC is
known to have approx. 2
staff at present.
SC rents an area
as its operating office, but the detailed information is unknown.
RELATED COMPANY
SC is not known to have any subsidiary at present.
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good ( ) Average ( ) Fair ( ) Poor (X) Not yet be 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.
BANKING
The bank
information of SC is not filed in local SAIC.
FINANCIALS
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 reports are not available.
CONCLUSIONS
SC is a representative office, which is not engaged in direct business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.41 |
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UK Pound |
1 |
Rs.86.93 |
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Euro |
1 |
Rs.68.10 |
INFORMATION DETAILS
|
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.