MIRA
INFORM REPORT
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Report Date : |
24.03.2012 |
IDENTIFICATION DETAILS
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Name : |
MHC INDUSTRIAL CO., LIMITED |
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Registered Office : |
Room 1004, Caiwu Gangwan, |
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Country : |
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Date of Incorporation : |
20.03.2009 |
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Legal Form : |
Private |
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Line of Business : |
Exporting Chemical Products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRAs 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 : |
Not Registered in |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
MHC INDUSTRIAL CO., LIMITED
ROOM 1004, CAIWU GANGWAN, NO. 398 JIAHE ROAD
XIAMEN, FUJIAN PROVINCE 361000 PR CHINA
TEL: 86 (0) 592-5510773
FAX: 86 (0) 592-3761855
CHECK ON SCS REGISTERED
TELEPHONE LINE
²
The given contact
ways are as follows,
TEL: 86 (0)
592-5510773
FAX: 86 (0) 592-3761855
When we dialed the above telephone number, a gentleman Mr. Hong answered
the phone. He admitted the given English name, and told us the Chinese name in
translation is 兴祥工业（中国）有限公司, which is
registered in Hong Kong, and mainly operates in Xiamen, Fujian Province PR
China.
²
Mr. Hong
introduced the below information,
A.
SC is mainly engaged in exporting chemical
products.
The products
mainly include,
Oxide compound
Mixture
Fluoride
Other materials
B.
SC sources its materials 100% from domestic market.
SC sells 100% to overseas market, mainly Pakistan and India.
C.
SCs website: www.mhcocm.com.
D.
SCs e-mail is sales@mhcocm.com & sam@mhcocm.com.
SPOT VISIT
Room 1004, Caiwu
Gangwan, No. 398 Jiahe Road, Xiamen, Fujian Province 361000 PR China
According to Mr. Hong, SCs complete address should be the heading one.
REGISTRATION
According to the Chinese name Mr. Hong released, a research
was conducted with Xiamen municipal and Fujian Provincial Administration of
Industry & Commerce (the official body of issuing and renewing business
license), but no record of SC was found.
During our check with Hong Kong Registry, we found
the following registration about SC,
Company Name: MHC Industrial Co., Limited
Company File No.: 1321091
Date of Registration: March 20, 2009
Legal Form: Private
Status: Live
CONCLUSIONS
SC is considered small-sized in its line with 3 years business history.
Credit dealings with SC should be confined into small amount at present.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.90 |
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1 |
Rs.80.77 |
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Euro |
1 |
Rs.67.40 |
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 SCs 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.