MIRA
INFORM REPORT
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Report Date : |
16.05.2012 |
IDENTIFICATION DETAILS
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Name : |
BLISS INTERNATIONAL TRADING LIMITED |
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Registered Office : |
Room 2106, Huizhan Times Building, No. 11, Yiying Street,
Xingang Middle Road, Haizhu District, Guangzhou City, Guangdong Province, 510310 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 : |
undetermined |
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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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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
BLISS
INTERNATIONAL TRADING LIMITED
ROOM 2106, HUIZHAN TIMES BUILDING, NO. 11,
YIYING STREET,
XINGANG MIDDLE ROAD, HAIZHU DISTRICT,
GUANGZHOU CITY,
GUANGDONG PROVINCE,
510310 PR CHINA
TEL: 86 (0) 20-34366055 FAX: 86 (0) 20-34318386
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 & fax number client given are 86 20 34366055 and 86 20 34318386.
We dialed the tel. number and one gentleman answered the phone. From the
gentleman we knew the following information of SC:
SC is registered in Hong Kong, and SC has an office in Guangzhou.
There is no staff working in Hong Kong.
SC is mainly engaged in international trade.
The address client
given is:
Room 2106, Huizhan Times Building No. 11, Yiying Street, Xingang Road M., Guangzhou City, Guangzhou China
According to the above gentleman, SC is operating at this address.
Since it is a practice for a company in China to register in
Administration of Industry and Commerce (AIC) with a total set of required
documents in CHINESE, we are unable to find its in local AIC according to its
English name.
In HK Company
Registry, we found the following registration information on SC:
Bliss
International Trading Limited
-----------------------------------------------
Registration
no.: 1197745
Registered
legal form: private
Incorporation
date: 2007-12-21
According to the gentleman, SC is mainly
engaged in international trade, and SC sources its materials 100% from domestic
market and sells 100% of its products to overseas market, mainly India, etc.
SC’s products mainly include: hotel supplies, etc.
SC was established on Dec. 21, 2007 in Hong Kong.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.84 |
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UK Pound |
1 |
Rs.86.72 |
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Euro |
1 |
Rs.69.17 |
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.