MIRA INFORM REPORT
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Report Date : |
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IDENTIFICATION DETAILS
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Name : |
SHOWCHINA TECHNOLOGY CO., LIMITED |
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Formerly Known As : |
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Registered Office : |
ROOM 412, 4F, TIANDI BUILDING, NO. 3042 SOUTH BAOAN ROAD LUOHU DISTRICT, SHENZHEN, GUANGDONG PROVINCE 518008 PR CHINA September 17, 2009 Private exporting electronics |
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Country : |
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Financials (as on) : |
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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 : |
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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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Status : |
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Payment Behaviour : |
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Litigation : |
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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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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 |
ECONOMIC OVERVIEW
Source
: CIA
SHOWCHINA TECHNOLOGY CO., LIMITED
ROOM 412, 4F, TIANDI BUILDING, NO. 3042 SOUTH BAOAN ROAD
LUOHU DISTRICT, SHENZHEN, GUANGDONG PROVINCE 518008 PR CHINA
TEL: 86 (0) 755-25574675
FAX: 86 (0) 755-25029553
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.
------------------------------------------
Adopted abbreviations (as follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
CHECK
ON SC’S REGISTERED TELEPHONE LINE
²
The contact ways
clients provided are as follows,
Tel: 86 (0)
755-25574675
Fax: 86 (0)
755-25029553
When we dialed the above telephone number, a gentleman answered the
phone. He admitted the given name, and told us the Chinese name in translation
is “秀中华科技有限公司”, which is
registered in Hong Kong, but operates in Shenzhen, Guangdong, mainland China.
²
The gentleman
introduced the below information,
A.
SC is mainly engaged in exporting electronics. (该公司目前实际主要从事电子产品的出口业务。)
B.
The products mainly include:
Tablet pc
CD boom box
Bluetooth
headphone
Digital Greeting card
frame
Health and care
GPS Navigation
A.
SC sources its materials 100% from domestic market,
mainly Shenzhen. SC sells 100% to overseas market, mainly Southeast Asia, etc.
B.
SC’s website: www.showchina.hk
E-mail: showchina1@yahoo.com
SPOT
VISIT
Room 412,
According to the gentleman, SC locates in the heading address at
present.
REGISTRATION
During
our check with Hong Kong Registry, we found the following registration about
SC,
Company Name: Showchina Technology
Co., Limited
秀中华科技有限公司
Company File No.: 1374376
Date of Registration:
September
17, 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. |
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1 |
Rs. |
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Euro |
1 |
Rs. |
INFORMATION DETAILS
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Report
Prepared by : |
PRL |
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.