This report prepared by Huaxia D&B China is sent to answer your inquiry on:

Xinxiang Massway Precision Machinery Co., Ltd.

Prepared for   :   D&B Registration (Normal) - 2 years
Subscriber Key   :   927012679
Delivery Date   :   Jul 13,2015
Printed on   :   Jul 13,2015

Inquiry Date   :   Jun 30,2015
Inquiry Subject   :   新鄉市美斯威精密機器有限公司
Inquiry Address   :   -
Inquiry Phone/Fax   :   (P)13333808885 
Inquiry Reference   :   CUSTSR

Copyright © 2011-2015 Shanghai Huaxia Dun & Bradstreet Business Information Consulting Co., Limited

 

Xinxiang Massway Precision Machinery Co., Ltd.

Report compiled Jul 13,2015
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IDENTIFICATION & SUMMARY

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Identification

Company Name Xinxiang Massway Precision Machinery Co., Ltd.
Official English Name Yes
Chinese Name 新鄉市美斯威精密機器有限公司
DUNS® Number 52-727-7844
Address Xucun Village, Mengzhuang Town, Huixian
Xinxiang
Henan
Postal Code 453621
Address (Chinese) 孟莊鎮徐村西
新鄉市
河南省
Telephone 0373 5986900
Facsimile 0373 5986998
Website www.eiivl.tw
E-mail [email protected]
Type of Business A limited company
Year Started 2005
History Clear (Complete Shareholder(s) and management information)
Exports Yes
Employees 500 (Here)
Principal Wanhui LIANG / General Manager
US SIC Code 3321 0000
Primary Business Gray and ductile iron foundries
 
 

Risk Summary

   
 
RISK EVALUATION
   
  EMMA Score 3  
  D&B Rating 3AA2  
  D&B PAYDEX® N/A  
 
LEGAL EVENTS
   
  Litigation Records 0  
 
PRINCIPAL INFORMATION
   
  Principal(s) 1  
 
PAYMENT INFORMATION
   
  Trade References 0  
 
COMPANY KEY EVENTS
   
  History Changes 5  
  Media Records 0  
 
FINANCIAL SUMMARY
   
  Registered Capital RMB 51,800,000  
 
 
Click on summary items for full details
 
 
 
CURRENCY
All monetary amounts quoted in this report are shown in Renminbi(RMB) unless otherwise stated.
 
REMARK
"-" stands for "Insufficient information" or "No comments".
 
 
   

Risk Assessment


  EMMA Score 3  
  Relative Risk  
 
 Moderate Low Risk
 
   
  1 10  
 
  D&B Rating 3AA2  
  Financial Strength 3AA (Registered Capital 8,500,000 - 84,999,999)  
  Composite Appraisal2 Good 

  PAYDEX of This Business N/A
     
  PAYDEX of this business is not available
     
  It requests at least three trade experiences to generate a PAYDEX. PAYDEX is not computable with the current payment information of the company.
     
 

EMMA Score predicts the possibility of a business in perilous status of instability or unreliability, such as poor financials, delay payment, stale inventory, abnormal operational status, etc., it is based on a scale of 1 (the lowest risk) to 10 (the highest risk). Subject's EMMA score is ‘3’, indicating Moderate Low Risk.

D&B Rating assesses enterprises'financial strength and credit condition and determines their credibility. Subject's D&B Rating is 3AA2 (indicating Financial Strength: Registered Capital 8,500,000 - 84,999,999) and its composite credit appraisal is 2 (Good).

Company Overview

Subject was established in 2005. Subject is mainly engaged in the production and sale of iron casting. Currently, subject owns around 500 staff.

Current Investigation


On Jul 13,2015 ,Vice General Manager Jianjun Li(Tel: 1333380****) confirmed operational and historical data in this report. Other information was obtained from a third party source.

Generally in China, the information in our reports is collected and validated through telephone interview with subject, review of public web sites of the business and acquisition of data that is publicly available by the Chinese Government.

History Changes

Date   Event
May 07,2009   Shareholder changed
Dec 05,2009   Shareholder changed
Nov 17,2010   Shareholder changed
Mar 17,2015   Shareholder changed
Nov 17,2010   Capital changed
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RISK ANALYSIS

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EMMA Score


10 


EMMA Score Analysis

Subject's EMMA score is mainly impacted by the following risk drivers:

  • Subject is a limited company, which is classified as a lower risk type of business.
  • Subject's history is Clear (Complete Shareholder(s) and management information), which indicates a lower risk level.
  • Subject has no negative record during current search, suggesting lower risk level.
  • Subject/Industry PAYDEX® shows payment behaviour of the company/industry is good, indicating lower risk.
  • EMMA Score
    3

    By evaluating all risk factors, the company is assigned with EMMA score of "3", indicating "Moderate Low Risk".

     

    Industry Norm Grouping
           
      Industry Group SIC 3321  
      Industry Group Description Gray and ductile iron foundries  
      Industry Group EMMA Score Quartile Values
    Lower Quartile 4
    Median 5
    Upper Quartile 6
     

    Company Risk Vs Industry Norm Chart
    EMMA Score
    Lower Quartile
    Median
    Upper Quartile
      0 1 2 3 4 5 6 7 8 9 10
    EMMA Score
    Xinxiang Massway Precision Machinery Co., Ltd. Industry
    Distribution of EMMA Score in Huaxia D&B China's Database
    40%
    35%
    30%
    25%
    20%
    15%
    10%
    5%
    0%
      1 2 3 4 5 6 7 8 9 10
     
    Score Distribution
    1 1%
    2 8%
    3 13%
    4 21%
    5 27%
    6 18%
    7 6%
    8 3%
    9 3%
    10 0%

    Note: please refer to the report appendix for the principle and major factors of Huaxia D&B China EMMA Score.

     

    Risk Assessment Matrix
    PAYDEX Risk Range
    Low
    (EMMA 1 - 3)
    Medium
    (EMMA 4 - 7)
    High
    (EMMA 8 - 10)
    PAYDEX>=80 AA BA CA
    80>PAYDEX>=60 AB (Subject lies in this group) BB CB
    PAYDEX<60 AC BC CC

     

    Interpretation and Analysis of Risk Assessment Matrix
    Classifications Risk Level Description Credit Policy
    Quality group AA->AB Business is sound, and the bills are paid promptly with good credit reputation. Favorable credit policy can be granted with automatic approval.
    Medium risk group BA->BB->AC Business is operated under medium risk, and some delay payment behaviors exist. Appropriate credit policy is suggested with some manual review.
    High risk group CA->BC->CB Business is operated under high risk, and some severe delay payment behaviors exist. Relatively strict credit policy is suggested with detailed manual review.
    Monitoring group CC Business is run under high risk or with high possibility of windup, and the bills are unable to be paid in time. Avoid credit sales. Cash settlement is suggested.
    *Risk levels are listed in order of risk from low to high.

     

    According to the Risk Assessment Matrix, subject is rated as "AB", which represents the subject belongs to the quality group:

  • The risk level of the subject is low, which reveals its business risk is relatively lower than the average level amid all Chinese enterprises;
  • The PAYDEX® of subject/industry indicates that some delay payment behavior exists. However, the time and amount of the delay is relatively acceptable, thus its delay payment behavior is not severe;
  • Subject is rated as a high quality company due to its sound operation, low risk level and good credit reputation. Even the subject/industry has some short-term delay payment behaviors, which might be caused by the specific industry character, subject is still recommended to be granted with relative favorable credit policy.
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    THIRD PARTIES REFERENCES

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    Up to Jul 13,2015 , no particular payment records on subject can be found in HDBC Dun-trade Program database. In addition, any related payment information for subject could not be obtained via tele-interviews during current investigation.

    D&B PAYDEX®


    The D&B PAYDEX® is a unique indicator of payment performance weighted by the monetary value of the payment experiences as reported to D&B by trade references. A detailed explaination of how to read and interpret PAYDEX values can be found in the Appendices section of this report.


      PAYDEX of This Business N/A
         
      PAYDEX of this business is not available
         
      It requests at least three trade experiences to generate a PAYDEX. PAYDEX is not computable with the current payment information of the company.
         
     
      PAYDEX of This Industry
    76
     
     
     
     
       
      0 100  
     
      When weighted by value,payments to suppliers average 6 days beyond terms based on payments collected over the last 24 months
     
      Industry Name:Gray and ductile iron foundries
      Industry Median:76
      Upper/Lower Quartile:80/58
      Based on:45 businesses
         
     
    D&B PAYDEX® Key
    High risk of late payment(average 30 to 120 days beyond terms) Medium risk of late payment(average 30 days or less beyond terms) Low risk of late payment(average prompt to 30+ days sooner)

    Supplier Reference

    According to one of subject’s suppliers, subject has the good credit, with no delinquent account.

    Customer Reference

    Customers of subject were unavailable during current investigation, so no customer comment was obtained.
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    HISTORY

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    Registration


    Registration Date Jul 13,2005
    Registered At Henan Xinxiang Hui County Administration for Industry & Commerce
    Registration No. 410782100007091
    National Organization Code 777951171
    License Expiry Date Jul 12,2023
    Registered Capital RMB 51,800,000
    Paid-up Capital RMB 51,800,000
    Tax No. 410782777951171
    Business Started 2005
    Type of Business a limited company
    Registered Address West of Xucun, Mengzhuang Town, Huixian
    Legal Representative Liu Rende
    Business Scope Precision casting processing and sales, acquisition of scrap metal sales, steel, building materials sales, in goods and technology import and export business, lifting manufacturing, installation, maintenance and sales (national laws and regulations, shall be approved in order to operate equipment or prohibit the import and export of goods and technology excluded) **

    Shareholder(s)

    Shareholding Structure

    Name Region/ Country Shares Investment Mode Paid-Up Rate
    Gao Guizheng, Li Jianjun, Liu Rende
    郜桂崢,李建軍,劉仁德
    China 100% Cash fully paid
    Total   100%    

    Comment:

  • According to the notification from China State Administration for Industry & Commerce on February 19, 2014, business annual inspection is officially ceased as of March 1, 2014.
  • History Changes

    Shareholders Changed

    From: Gao Shifu,Li Jianjun,Gao Guijin,Liu Rende(Total:100%)
    To:Gao Shifu,Li Jianjun,Gao Guijin,Liu Youchang(Total:100%)On(in) May 07,2009
    To:Gao Guijin, Li Jianjun,Gao Shifu,Liu Rende,Liu Youchang(Total:100%)On(in) Dec 05,2009
    To:Gao Guijin(7.72%),Li Jianjun(21.24%),Gao Shifu(55.60%),Liu Rende(7.72%),Liu Youchang(7.72%)On(in) Nov 17,2010
    To:Gao Guizheng, Li Jianjun, Liu Rende(100%)(Current Shareholders)On(in) Mar 17,2015

    Capital Changed

    From: RMB 18,795,000
    To:RMB 51,800,000(Current Capital)On(in) Nov 17,2010


    History Summary

    In 2005, Gao Shifu,Li Jianjun,Gao Guijin,Liu Rende(Total:100%) jointly invested RMB 18,795,000 to establish subject. With some changes, currently, Gao Guizheng, Li Jianjun, Liu Rende shares 100% of subject. Subject's registered capital is RMB 51,800,000 at present.

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    PRINCIPALS

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    Principal(s)

    Wanhui LIANG - General Manager
    郎 萬輝

    Gender Male
    Related Working Experience 5 Year+

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    OPERATIONS

    Summarise  
       

    Supply Capacity & Operation Nature

    Subject is a manufacturer.

    Subject is mainly engaged in the production and sale of iron casting.


    US SIC Code 3321 0000 Gray and ductile iron foundries

    US SIC Code 3322 0000 Malleable Iron foundries

    The operation is not seasonal.

    Awards & Certifications

    Awards & Certifications Name ISO9001:2000
       
    Awards & Certifications Name BV
       
    Awards & Certifications Name DNV
       

    Licenses

    Subject is entitled to independent import and export rights.


    Products & Services

    Product Name Maximum Productivity Percent
    iron casting 4000t per month 100%

    Subject owns 3 production lines.

    Purchasing

    Purchase Territory

    Area Percent Region/Country
    Domestic 100% Tianjin, Shanghai, and others

    Purchasing Terms

    Terms   Percent
    Agreement/Contract basis - -
    Advance - -

    Purchasing Settlement Method

    Settlement Method Percent
    T/T  

    Major Suppliers

    Area Name DUNS  
    Domestic Hebei Province Longfengshan Casting Industry Co., Ltd 52-993-2305  
    Domestic SHANXI JIANBONG GROUP CO.,LTD 54-495-7442  
    Domestic Shiyan Changjiang River Modelling Materials Co., Ltd. 53-027-1939  

    Selling

    Sales Territory

    Area Percent Region/Country
    Domestic 70%  
    Overseas 30% Belgium
    Thailand
    France
    Japan
    Finland  

    Selling Terms

    Terms   Percent
    Agreement/Contract basis - -
    Partial Advance - -
    Credit 45 days -

    Selling Settlement Method

    Settlement Method Percent
    T/T  
    Check  

    China Customs Import and Export Data

     

    HS Code 730719 Malleable cast iron pipe fittings
    HS Code 841391 Pump parts
    HS Code 870830 Mounted brake linings of motor vehicles

    HS Code's full name is International Convention for Harmonized Commodity Description and Coding System, which is a multipurpose international trading commodity classification catalog. Abbreviation: Harmonized System, i.e. HS. The above HS Code are listed based on products of subject that have the top 5 import/export values in the latest 12 months.

    Transport Type

      2014 2013
    Import Motor Vehicle Transportation -
    Export River-Sea Transportation, Air Transport River-Sea Transportation

    Trade Type

      2014 2013
    Import Ordinary Trade -
    Export Ordinary Trade Ordinary Trade

    Import & Export Value

      2014 2013
    Import USD 251 -
    Export USD 1,826,259 USD 1,327,258

    Main Import & Export Country

    Import Country Export Country
    China Belgium
    Thailand
    France
    Japan
    Finland

     

    The above data are provided with the authorization of China General Administration of Customs.

    Employees

    Employee Size


    Type Number
    Here 500
    Technician 20
    The above are approximate staff numbers.

    Operations Summary

    Subject is mainly engaged in the production and sale of iron casting. The materials subject demands for its production are 100% purchased domestically, mainly in Tianjin, Shanghai, and others. mainly from China. Hebei Province Longfengshan Casting Industry Co., Ltd, SHANXI JIANBONG GROUP CO.,LTD and ect. are its suppliers.Subject is entitled to I/E Rights.
    Currently, 3 production lines. Subject's major products are iron casting. The productivity of iron casting is 4000t per month. Subject was awarded ISO9001:2000, BVand DNV certificate.
    Subject's major products are iron casting and etc. 70% of the products are sold domestically. 30% of the products are exported, such as Belgium, Thailand, France, Japan and Finland and other country/region.

    Location

    Principal Place of Business

    Land Area 40,000 sqm
    Used as Office and factory
    Occupation Type Owns

    Other Place of Business

    Type REGISTERED ADDRESS
    Address West of Xucun, Mengzhuang Town, Huixian
       

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    FINANCE & BANKING

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    Finance


    Please note that any financial information (such as financial statements) included in this report was obtained with the company's consent or from the stock exchange. If no financial information is provided in this report, it is because the company did not provide its consent to have such information disclosed. Pursuant to the Interim Regulations on the Public Disclosure of Enterprise Information, issued by the State Council and effective from 1 October 2014, companies will no longer be required to submit their financial statements to the Administration of Industry and Commerce (AIC). Instead, only limited financial figures of the company will be reported to the AIC, and such figures will be made available in reports only if the company itself has consented to the disclosure of such financial figures. These new requirements affect all company financial information for the 2013 financial year and onward, and as such, financial statements should no longer be available in any reports for the 2013 financial year and onward, unless the company itself has provided such statements and consented to the disclosure of such statements, or the company's financial statement has been published on a stock exchange.

    Financial Comments
     
    • Subject sales in 2014 is about CNY 100,000,000;Gross profit value is about 10% of its sales.
    • Subject's financial information is not disclosed.
     

    Banking

     

    During this current investigation, the bank information of subject is not available.

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    INDUSTRY HIGHLIGHTS

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    Industry Highlights


    Date Jul 01, 2015
    Source Statistics Authorities
    DetailBy the end of 2014, the number of above-scaled enterprises in iron and steel industry reached 10,564, of which 1,921 enterprises suffered loss in 2014, account for 18.2%. The Chinese steel industry investment in fixed assets amounted to 478.9 billion yuan, edged down 6.0% YOY, the decline expanded over the last year.
    From the perspective of production, even 2014 enjoyed a slight increase in crude steel production; the domestic demand was declining compared to the previous year. Total yearly crude steel production amounted up to 820 million tons, an increase of 0.9% but the YOY growth rate declined by 6.6%. Domestic crude steel consumption amounted to 740 million tons, YOY deceased by 4%; steel production 1.13 billion tons, up 4.5% year on year, down 6.9% in growth rate. China's crude steel production output accounted for 49.4 percent of the global total amount in 2014, a slightly increase of the contribution by 0.9%. From the import and export perspective, both the quantity and quality of steel exported has been improved.
    2014 China's exports of steel amounted to 93.78 million tons, 50.5% up compared with 2013; imports of steel amounted to 14.43 million tons, an increase of 2.5%, equivalent to net export of crude steel 81.53 million tons, accounting for 10.2% of China's crude steel production output. Generally, the overcapacity in the steel industry has been initially improved, and then improving the business efficiency, meanwhile energy conservation has made new progress. At the same time, due to lower demand of the downstream industries, steel prices falling sharply affected the finance situation severely. The iron and steel industry is in the stage of “growing pain” under the circumstance of transformation and upgrading, the steel enterprise is still facing tough and grim situation.
    Date May 30, 2014
    Source Statistics Authorities
    DetailAs of December of 2013, there were 11,034 steel enterprises with 1,946 of them were money-losers, loss range of 17.63%. Seeing from investment situation, the fixed-asset investment in China’s steel industry is RMB 506.05 billion, down 2.1% year on year with speed increase turning from positive to negative.Seeing from the overall production, the industry’s accumulated value-added increased by 9.9% year on year with high speed increase but the pressure on supply is still huge.
    The accumulative output of pig iron, crude steel and rolled steel in China is 0.71 billion tons, 0.78 billion tons and 1.07 billion tons separately, up 7.75%, 8.64% and 12.18% year on year. Seeing from import and export, China has accumulatively exported 62.34 million tons of rolled steel in 2013, up 11.9% year on year. The need of overseas market raised the sales of steel products to a certain extent and had a positive effect on the sluggish steel market. Moreover, China has accumulatively imported 14.08 million tons of rolled steel, up 3.1% year on year. For supply exceeds demand in China’s steel market, the fall of import volume will be an inevitable trend. Seeing from prices, national comprehensive price index of steel is 99.14 points, 6.17 points lower and down 5.86% over the same period of last year.
    Steel price shows a falling trend on the whole which cannot get an effective support and will stay at the low level for a long time under the impact of oversupply and sluggish demand.
    Along with the gradual promotion of environmental-protection policies(‘Plan for Prevention and Cure Action of Air Pollution’ and ‘Implementation Rules for Prevention and Cure Action of Air Pollution in Beijing/Tianjin/Hebei and Places Around’), the domestic steel industry will face huge pressure on environmental-protection. It is expected that steel industry will get warm slightly in 2014 but meager profit situation of steel enterprises will continue due to obvious contradiction between supply and demand.
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    Public Records

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    Litigation Records

    As of Jul 13,2015 , HDBC has searched the China Court website, website of local court in the place where subject is located, major domestic courts websites as well as our internal China court database, but no related court records can be found against the subject within 5 years.

    Remark: The above mentioned channels are currently publicly available ones to search for the court records against China enterprises. However, due to lack of a centralized database in mainland China that covers all Chinese enterprises' litigation records, partial cases against subject might not be available.

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    APPENDICES

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    HDBC EMMA Score

    D&B EMMA Score (Emerging Market Mediation Alert Score) is a risk assessment model developed for emerging market countries. It is a score developed by data profiling approach and statistical modeling, which predicts the possibility of a business in perilous status of instability or unreliability, such as poor financials, delay payment, stale inventory, abnormal operational status, etc. The EMMA Score provides you with a quick assessment of a business' risk standing, and when used together with other information, allows you to make better risk decisions.

    The EMMA Score is based on a scale of 1 to 10, where 1 represents a lower risk and 10 a higher risk.

    EMMA Score for China is initially rolled out in May 2009, derived from the sample analysis of millions of company records. When using the Score to make individual applicant decisions, a customized version of this table based on an analysis of the Score against your customer account portfolio is recommended. It does not necessarily mean doing business with a company, which is assigned with higher Risk Score, will result in increased risk.

    Considering the particularity of Chinese business environment and in order to make EMMA Score analyze and reflect risk factors of Chinese enterprises more appropriately, HDBC conducted an optimization and adjustment toward EMMA Score in the first half of 2012, combined PAYDEX® to appraisal model as an important risk evaluating dimension and will try harder to deeply reflect the internal factors of enterprise risk. The optimized EMMA Score makes the scores more scientifically and effectively reflect the risk characteristics of current China as an emerging market and more objectively and deeply reflect risk level of Chinese enterprises.

    EMMA Score for China is calibrated on regular basis following D&B Global Modeling Methodology that captures business environmental change in China caused by macro economy shift and particular systematic events.

     

    HDBC EMMA Score Commentary
    Risk Range EMMA Score % of Report in Database   % of High Risk Business   Commentary  
    Low Risk Scores 1-3 28.9%   5.7%   Lower Risk Range  
    Medium Risk Scores 4-7 56.7%   9.1%   Average Risk Range  
    High Risk Scores 8-10 14.4%   36.4%   High Risk Range  


    The Key Drivers of the EMMA Score include the following:

    Business Information

    • Business Type
    • Line of Business
    • Employee Size
    • Sales Territory
    • Registered Capital
    • Year of Establishment
    • History Status
    • Property Ownership

    Geographical Information

    • Region & Province

    Public Record

    • Number of Negative Record

    Payment Information

    • Percentage of Overdue Payment
    • Company/Industry PAYDEX®
    EMMA Score Application
    • Low EMMA Score - May proceed to process the applicant quickly with minimal or no manual review depending on the extent of score validation analysis.
    • Medium EMMA Score - Medium Risk Scores - Recommend a manual review of the applicant based on the applicant's capacity, your internal policy and risk tolerance.
    • High EMMA Score - High Risk Scores - Requires thorough manual review of potential decline, or approval depending on the applicant's capacity, your internal policy and risk tolerance.

    Sample Data Analysis of Risk Assessment Matrix Database


    Risk Matrix Sample Distribution
    PAYDEX Risk Range
    Low Medium High
    PAYDEX>=80 13.6% 12.6% 0.5%
    80>PAYDEX>=60 15.2% 28.7% 1.7%
    PAYDEX<60 0.1% 15.4% 12.2%

    Possibility of High Risk Enterprise
    PAYDEX Risk Range
    Low Medium High
    PAYDEX>=80 5.8% 8.4% 9.1%
    80>PAYDEX>=60 5.6% 8.4% 14.5%
    PAYDEX<60 5.6% 11.1% 40.4%

    Interpretation and Analysis of Risk Assessment Matrix
    Classifications Risk Level Description Credit Policy
    Quality group AA->AB Business is sound, and the bills are paid promptly with good credit reputation. Favorable credit policy can be granted with automatic approval.
    Medium risk group BA->BB->AC Business is operated under medium risk, and some delay payment behaviors exist. Appropriate credit policy is suggested with some manual review.
    High risk group CA->BC->CB Business is operated under high risk, and some severe delay payment behaviors exist. Relatively strict credit policy is suggested with detailed manual review.
    Monitoring group CC Business is run under high risk or with high possibility of windup, and the bills are unable to be paid in time. Avoid credit sales. Cash settlement is suggested.

    *Risk levels are listed in order of risk from low to high.

    Risk Assessment Matrix is the tool for investigating the insight of subject combined with EMMA Score and PAYDEX®. EMMA Score can indicate the risk level of subject. With the help of  PAYDEX®, one can also further analysis subject's risk and find out the internal factors causing risks based on the payment records of subject. In summary, the assessment matrix can make further insightful analysis towards the enterprises with similar EMMA Scores.

    When using EMMA Score and Risk Assessment Matrix, the combination of other information, such as internal assessment policy of enterprise, commercial information provided by HDBC, and feedback from the people who directly contacts with subject, etc., is recommended. With these information, it will allow you to be more convenient to make risk decisions.

    D&B Rating

    D&B Rating Interpretation Tables


      Financial Strength   Composite Credit Appraisal
    Tangible Net worth Registered Capital Renminbi (RMB) Strong Good Fair Limited Undetermined
    5A 5AA > 450,000,000 1 2 3 4 -
    4A 4AA 85,000,000 - 449,000,000 1 2 3 4 -
    3A 3AA 8,500,000 - 84,999,999 1 2 3 4 -
    2A 2AA 6,500,000 - 8,499,999 1 2 3 4 -
    1A 1AA 4,500,000 - 6,499,999 1 2 3 4 -
    A AA 2,500,000 - 4,499,999 1 2 3 4 -
    B BB 1,750,000 - 2,499,999 1 2 3 4 -
    C CC 1,000,000 - 1,749,999 1 2 3 4 -
    D DD 650,000 - 999,999 1 2 3 4 -
    E EE 450,000 - 649,999 1 2 3 4 -
    F FF 300,000 - 449,999 1 2 3 4 -
    G GG 200,000 - 299,999 1 2 3 4 -
    H HH < 200,000 1 2 3 4 -
      Alternate Ratings   Explanation               
    N Financial Strength is negative     3 4 -
    O Financial Strength is undisclosed 1 2 3 4 -
    NB New Business: Less than 24 months 1 2 3 4 -
    NQ Out of Business: Business has ceased to trade 4  
    BR Branch or division location
    INV Investigation is undergoing

    Explanation of PAYDEX

    A score of 80 denotes that payments reported to D&B have generally been made within terms. Scores over 80 indicate that payments reported to D&B have been made earlier than terms. The chart below outlines the specific 0-100 score and what it means.

     

    D&B PAYDEX®   Payment Habit
    100   Anticipate
    90   Discount
    80   Prompt
    70   15 days beyond terms
    60   22 days beyond terms
    50   30 days beyond terms
    40   60 days beyond terms
    30   90 days beyond terms
    20   120 days beyond terms
    0-19   Over 120 days beyond terms
    UN   Unavailable

    Customs Rating

    According to the Measures of the Customs of the People's Republic of China on the Classified Management of Enterprises (hereafter “the Measures”), China General Administration of Customs has classified custom supervision category into 5 classes, which are AA, A, B, C and D. Enterprises are assessed and classified based on if they comply with laws, administrative regulations, custom rules, related anti-corruption stipulations and operational management conditions, supervisory and statistic custom records and etc.


    AA Class: Enterprise with outstanding credit verified by the customs, suitable for correspondingly easy clearance measures.

    A Class: Enterprise with good credit, suitable for generally easy clearance measures.

    B Class: Enterprise with average credit, suitable for routine management.

    C Class: Enterprise with poor credit, suitable for averagely close supervision measures.

    D Class: Enterprise with rather poor credit, suitable for close supervision measures.


    According to the notification published by China General Administration of Customs on Nov. 19, 2014 on the implementation of Interim Measures of the Customs of the People's Republic of China for the Administration of Enterprise Credit, the customs has started classifying companies into the levels of Authorized Enterprise, Average Credit Enterprise and Poor Credit Enterprise based on their credit status as of Dec. 1, 2014. According to the rules of “the Measures”, companies of AA Class are classified as High Grade Authorized Enterprise; A Class as Averagely Authorized Enterprise; B Class as Average Credit Enterprise; C and D Classes are to be reassessed accordingly. If companies of C and D Classes are rated as Poor Credit enterprise, the application period of credit level will remain the same as that of C Class and D Class.

    Huaxia D&B China will timely organize the information disclosed by China General Administration of Customs.

    Customer Service


    Customer Service Contact Information
    Web www.huaxiadnb.com
    Email [email protected]
    Telephone 400-820-3536 (Shanghai)
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    800-830-9032 (Guangzhou)
     
    Our ref: 201506309309301418

    Your ref: CUSTSR
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    Remarks

    Whilst Huaxia D&B China attempts to ensure that the information provided is accurate and complete by reason of the immense quantity of detailed matter dealt within compiling the information and the fact that some of the data are supplied from sources not controlled by Huaxia D&B China which cannot always be verified, including information provided direct from the subject of enquiry as well as the possibility of negligence and mistake, HDBC does not guarantee the correctness or the effective delivery of the information and will not be held responsible for any errors or omissions therein.


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