MIRA
INFORM REPORT
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Report Date : |
20.06.2012 |
IDENTIFICATION DETAILS
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Name : |
DAISHENG INCENSE CO., LIMITED |
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Registered Office : |
No. 43 Chongmei Village, Beishui Management Zone, Tiantai,
Xiaogang, Xinhui District, Jiangmen, Guangdong Province, 529155 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
DAISHENG INCENSE
CO., LIMITED
NO.
43 CHONGMEI VILLAGE, BEISHUI MANAGEMENT ZONE, TIANTAI, XIAOGANG, XINHUI
DISTRICT, JIANGMEN, GUANGDONG PROVINCE, 529155 PR CHINA
TEL: 86 (0)
750-6610640/86-13692244824 FAX: 86
(0) 750-6618843
Narrative 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
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 telephone number clients provided is
86 (0) 750-6610640
When we dialed the above number, a lady Miss Li answered the phone. She
admitted the given name and released the following information on SC:
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*SC was registered in Hong Kong with the name Daisheng Incense Co., Limited (戴生香業有限公司). All of its
business is operating in Jiangmen, mainland China.
*SC is mainly engaged in selling incense & incensory, electrician
production machinery and more.
*Email: stellaley77@hotmail.com
The address client provided is: No. 43, Chongmei, Tiantai,
Xiaogang, Jiangmen, Guangdong Province, 529155 China
According to Miss Li, SC is now operating at the above address.
According
to the Chinese name released by Miss Li, careful
investigations were made with Guangdong Provincial and Jiangmen Municipal
Administration for Industry and Commerce (AIC
- The official body of issuing and renewing business license), however, no record was found.
In Hong Kong Companies Registry, we found the following
information:
DAISHENG INCENSE CO., LIMITED
CR No.: 1162025
Date of
Incorporation: Aug. 27, 2007
Company Status:
Private
Active Status:
Live
According to Miss Li, SC is mainly engaged in selling incense &
incensory, electrician production machinery and more.
The main products includes: 1.incense stick/Jumbo stick/incense gift, 2.
incense cone, 3. incense coil, 4. joss powder, 5. incense making
machine/incense cone machine/incense stickless machine.
SC was established on Aug. 27,
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.01 |
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UK Pound |
1 |
Rs.87.85 |
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Euro |
1 |
Rs.70.54 |
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.