MIRA
INFORM REPORT
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Report Date : |
27.03.2012 |
IDENTIFICATION DETAILS
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Name : |
SUNNY TRADERS YIWU OFFICE |
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Registered Office : |
Room 1-201, Building 38, Changchun 3rd Area (Auto Accessories Street), Choucheng Street, Yiwu, Zhejiang Province, 322000 Pr |
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Country : |
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Date of Incorporation : |
23.11.2006 |
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Com. Reg. No.: |
330782500004555 |
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Legal Form : |
Representative Office |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
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 : |
Representative Office |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 and address
SUNNY TRADERS YIWU
OFFICE
ROOM 1-201, BUILDING 38, CHANGCHUN 3RD
AREA
(AUTO ACCESSORIES STREET), CHOUCHENG STREET,
YIWU,
ZHEJIANG PROVINCE, 322000 PR CHINA (AS
REGISTERED)
TEL: 86 (0) 579- 85598644 (AS GIVEN) FAX:
N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : NOV. 23, 2006
REGISTRATION NO. : 330782500004555
REGISTERED LEGAL FORM : REPRESENTATIVE OFFICE
STAFF STRENGTH :
N/A
REGISTERED CAPITAL : N/A
BUSINESS LINE :
liaison
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
NOT YET DETERMINED
RECOMM. CREDIT RANGE : NO RECOMMENDATION
MARKET CONDITION : N/A
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
CNY 6.30= USD 1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
CNY - China Yuan Ren Min Bi
Note: SC’s complete name should be the heading one.
SC was registered as a representative office at local Administration for
Industry & Commerce (AIC-The official body of issuing and renewing business
license) on Nov. 23, 2006.
Company Status: Representative office Foreign company, which has entered
into a contract with a PR China co., is permitted to establish a
representative office in PR China. The representative office may engage
only in “non-direct operating activities” such as liaison, consulting,
market research & general information gathering. At present,
representative office is not allowed to employ local employees in its own
name and must use PR China employment agencies
SC’s registered business scope includes non-profit business activities
with foreign enterprises.
Suresh
Kewalram Alwani is registered as principal of SC at present.
It
is not possible to contact the company directly to obtain further information.
The nature and extent of the company's operations could not be determined and
it could not be confirmed whether the company operates from the Registered
Office address or in another location.
SC is not known to host website of its own at present.
No significant events or changes were found during our checks with the
local Administration for Industry and Commerce.
PARENT COMPANY
Name
Sunny Traders
l
Principal:
Suresh Kewalram Alwani
Note: The name of SC’s principal should be the above stated
one, instead of the given one.
We dialed the given number 0579-85598644, but it can not be connected.
Repeated calls made to some numbers 0579-85597242/13757923071/13646898336
we found from internet resources went unanswered during office hours.
Exhausting our efforts, we are unable to find its new telephone number
in various information sources, including the internet, yellow pages and telecom
companies.
Failing to contact SC, SC’s business
operations is not available at present.
SC
is not known to have any subsidiary at present.
Overall payment appraisal:
( ) Excellent ( )
Good ( ) Average
( ) Fair (
) Poor (X) Not yet 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.
N/A
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
information is not available.
Despite having
exhausted all our effort, we are unable to contact SC. If further contact details of SC can be provided, we will definitely
continue this research.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.30 |
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1 |
Rs.81.36 |
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Euro |
1 |
Rs.67.97 |
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.