MIRA
INFORM REPORT
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Report Date : |
15.06.2012 |
IDENTIFICATION DETAILS
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Name : |
LIGHT NIE INDUSTRIAL CO., LTD. |
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Registered Office : |
Shawan Zone, No. 68, Dansha Road, Longgang District, Shenzhen, Guangdong Province, 518113 Pr |
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Country : |
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Date of Incorporation : |
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Com. Reg. No.: |
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Legal Form : |
--- |
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Line of Business : |
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No. of Employees : |
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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 : |
Registered in |
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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
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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 & address
LIGHT NIE INDUSTRIAL CO., LTD.
SHAWAN ZONE, NO. 68, DANSHA ROAD, LONGGANG DISTRICT,
Shenzhen, Guangdong PROVINCE,
518113 PR CHINA
TEL: 86 (0)
755-22257774 / 13714020272 FAX: 86 (0)
755-22257774
Alert 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
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 provided telephone number is:
86 (0) 755-22257774/21271867
When we dialed the above number 86 (0) 755-22257774, a gentleman answered.
He admitted the given name and released the heading
Chinese name, and he also released the following information:
SC is registered in Hong Kong and operating in
Shenzhen, mainland China.
It is mainly engaged in manufacturing and selling Christmas lights.
Another number 86 (0)
755-21271867 was SC’s former telephone no., and it does not exist now
However, he refused to release any more information about his company.
From internet, we found SC’s mobile telephone number: 13714020272
When we dialed the number, Ms. Jiang answered. She confirmed the above
information and released the following:
SC is known to have approx. 30 employees in Shenzhen, mainland China at
present.
The address client provided is: Sha Wan Zone, No 68, Dansha Road, Longgang, Shenzhen, Guangdong, China
According to Ms. Jiang, the above address is SC’s operating address, and
she released SC’s factory is located in East River Industrial Zone, Guzhu Town,
Heyuan, Guangdong Province. However, she declined our request of a site visit.
Careful
investigations were made with Guangdong Provincial and Shenzhen Municipal
Administration for Industry and Commerce (the authority that issuing and
renewing business license) according to the
Chinese name涞尼实业有限公司
released by the above gentleman, but no record of SC was found.
Investigations
were conducted with Hong Kong Compnies Registry, but no record of SC was found either.
We found SC’s website: http://www.lightnie.com
According
to the above website, SC’s products mainly include rice lights, LED lights, net
lights, flower lights, rope lights, fancy lights, pearl lights and SMD lights.
E-mail: lightnie@gmail.com
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.79 |
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UK Pound |
1 |
Rs.86.37 |
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Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
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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.