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Report Date : |
18.06.2012 |
IDENTIFICATION DETAILS
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Name : |
GRAND CHINA NETWORK LTD. |
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Registered Office : |
Unit O, 1/F., |
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Country : |
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Date of Incorporation : |
Not Available |
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|
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LEGAL FORM : |
NOT
AVAILABLE NOTE:
NOT ABLE TO CONTACT THE COMPANY |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Offshore Company |
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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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GRAND
CHINA NETWORK LTD.
GIVEN
ADDRESS: Room
O, 16
(should be written as Unit O, 1/F.,
GIVEN PHONE
NUMBER: 0086 13417312731
1. As
per Companies Registry, there is no such name registered in their file. We found that there is no company name
registered and headed with “Grand China Network…..”.
2. According
to Business Registration Office, the name of the subject is not found in the database.
3. Our
on-site investigator reported that your given address 1/F.,
Name: B & A
Address: 1/F.,
Phone Number: 2312 0148
(Head Office)
3591 9911 (Accounts & Business Development Office)
Fax Number: 2375 6513
(Head Office)
3591 9912
(Accounts & Business Development Office)
4. As
far as we know, B & A is a business consultant who provides a full range of
business services including accounting, tax consultancy, company secretary and
business development services. Its roots
are in the
5. A
staff of B & A told us that the subject company is one of its customers and
is registered as an offshore company somewhere outside
6. Since
the subject company is an offshore company, we believe they use
B & A’s office address as the correspondence address for their
international trading. B & A can
provide trading service including the preparation of bills documents such as
invoices, bills of lading, packing lists, and the liaison with banks for any
L/C discrepancies.
7. Your
given phone number: 0086 13417312731 is
not a valid phone number in
8. The
name of the subject is not listed in any available telephone and commercial
directories and also is unknown to other sources consulted.
9. No
legal actions were traced against the subject during the course of this
investigation.
In view of the lack of information, we have no basis
upon which to recommend credit dealings.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.76 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.70.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.