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This report prepared by Huaxia D&B China is sent to answer your inquiry on: |
Guangdong Laya Chemical Co., Ltd.
D-U-N-S: 52-975-4368
Prepared for |
: |
Online Trust
|
Subscriber Key |
: |
927999999
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Delivery Date |
: |
Oct 21,2009
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Printed on |
: |
Oct 21,2009 |
|
Inquiry Date |
: |
Oct 14,2009
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Inquiry Subject |
: |
廣州萊雅化工有限公司
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Inquiry Address |
: |
佛山順德順峰工業區 佛山
|
Inquiry Phone/Fax |
: |
(P)0757-22325925 (F)0757-22325993
|
Inquiry Reference |
: |
Online Trust CS Dept.
|
Huaxia D&B China Risk Index (NCRI) is now upgraded to the Emerging Market Mediation Alert Score (EMMA Score)!
In view of the data challenges and the very dynamic nature of fast growing markets like China,
Huaxia D&B China has developed a new and more applicable risk assessment model for Chinese enterprises,
Emerging Market Mediation Alert Score (EMMA Score).
From June 29, 2009 onwards, the new China EMMA Score will replace the original “NCRI” in all applicable Huaxia D&B China reports.
EMMA Score can effectively predict the likelihood that one company is in perilous status of instability or unreliability in 12 months. Now assess your customers,
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Copyright © 2009 Shanghai Huaxia Dun & Bradstreet Business Information Consulting Co., Limited
THIS REPORT MAY NOT BE REPRODUCED IN WHOLE OR IN PART IN ANY FORM OR MANNER WHATSOEVER |
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This report, furnished pursuant to contract for the exclusive use of the
subscriber as one factor to consider in connection with credit, insurance,
marketing or other business decisions, contains information compiled from
sources which Shanghai Huaxia Dun & Bradstreet Business Information Consulting
Co., Limited (Huaxia D&B China) does not control and whose information, unless
otherwise indicated in the report, has not been verified. In furnishing this
report, Huaxia D&B China in no way assumes any part of the user's business
risk, does not guarantee the accuracy, completeness, or timeliness of the
information provided, and shall not be liable for any loss or injury whatever
resulting from contingencies beyond its control or from negligence.
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Guangdong Laya Chemical Co., Ltd. |
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Report compiled Oct 21,2009 |
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Company Name |
Guangdong Laya Chemical Co., Ltd.
|
Chinese Name |
廣東萊雅化工有限公司
|
DUNS® Number |
52-975-4368 |
 |
 |
Address |
Shunfengshan Industrial Zone, Daliang Town, Shunde Dist. |
|
Foshan |
|
Guangdong |
Postal Code |
528305 |
Address (Chinese) |
順德區大良鎮順峰山工業區 |
|
佛山市 |
|
廣東省 |
Telephone |
0757 22325925 |
|
0757 22293888 |
Facsimile |
0757 22325993 |
Website |
www.floralecstasy.com
|
 |
 |
Type of Business |
A limited company |
 |
 |
Year Started |
1999 |
History |
Clear |
Imports |
Yes |
Exports |
Yes |
 |
 |
Employees |
800 (Total) |
 |
 |
Principal |
Weiming LIANG / Chairman |
 |
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US SIC Code |
2844 0103 |
Primary Business |
Home permanent kits |
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Risk Summary
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EMMA Score
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5
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D&B Rating
|
3A3(PRV. --)
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LEGAL EVENTS
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Litigation Records
|
0
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Principal(s)
|
1
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Trade References
|
9
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History Changes
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6 |
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Media Records
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0 |
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Registered Capital
|
RMB 30,000,000 |
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Sales/Turnover
|
285,301,000 (2008) |
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Tangible Net Worth
|
32,926,000 (2008) |
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Total Assets
|
158,707,000 (2008) |
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Shareholders Equity
|
33,438,000 (2008) |
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Click on summary items for full details |
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CURRENCY
All monetary amounts quoted in this report are shown in Renminbi(RMB) unless otherwise stated.
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REMARK
"-" stands for "Insufficient information" or "No comments".
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Risk Assessment
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EMMA Score |
5 |
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Relative Risk |
|
|
 |
 |
Slight Below Average Risk |
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1 |
10 |
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D&B Rating |
3A3 (Previous --) |
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Financial Strength |
3A |
(Based on Tangible Net Worth
32,926,000
)
|
|
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Composite Appraisal |
3 |
Overall credit condition - Fair
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Company Overview
Subject is a limited enterprise established in 1999. It is of fair size in the line of business. In 2008, subject achieved revenue of RMB 285,301,000, lower than that in 2007. The net profit was RMB 1,240,000.
|
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Current Investigation
On Oct 21,2009 ,
Business Assistant Mr. Liang Zhiming,
(Tel:0757-22325925)confirmed historical and operational information,other information was obtained from a third party source and last investigation.
Report name is subject’s official English name.
History Changes
Date |
|
Event |
May 19,2003 |
|
Name changed |
Mar 05,2001 |
|
Address changed |
May 19,2003 |
|
Address changed |
Nov 21,2006 |
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Capital changed |
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Registration
Registration Date |
Jul 20,1999 |
Registered At |
Foshan Shunde Dist. Administration for Industry & Commerce |
Registration No. |
440681000080927 |
National Organization Code |
708166292 |
Registered Capital |
RMB 30,000,000 |
Tax No. |
440681708166292 |
Business Started |
1999 |
Type of Business |
a limited company |
Registered Address |
Shunfengshan Industrial Zone, Daliang Town, Shunde Dist., Foshan |
Legal Representative |
Liang Weiming |
Business Scope |
Producing hair and skin care cosmetics (aerosols); processing electric mosquito tablets, electric mosquito liquid; wholesaling aerosols, organic solvent units (aerosols), air refresheners, lubricants, polishing wax, release agents, insecticide aerosols (having warehouses); producing hazardous chemical packaging products and containers; aerosol cans (class I packaging); printing packaging & decorative printed matters and other printed matters (subject to the operation period of the license); importing and exporting (on agent basis) various commodities and technologies, excluding those restricted or prohibited by the state, with valid license if required.
|
Shareholder(s)
Shareholding Structure
Name |
Region/ Country |
Shares |
Investment Mode |
Paid-Up Rate |
Liang Weiming 梁偉明
|
China |
55% |
Cash |
fully paid |
Luo Jiansong 羅健松
|
China |
20% |
Cash |
fully paid |
Liang Zhiming 梁志明
|
China |
25% |
Cash |
fully paid |
Total |
|
100% |
|
|
Comment:
Subject passed the annual inspection of 2008 with Administration for Industry & Commerce.
|
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History Changes
Name Changed
From: |
Shunde Laya Chemical Co., Ltd.
|
|
To: |
captioned name |
On(in) May 19,2003 |
Address Changed
From: |
(registered address) Shunfengshan Industrial Zone, Desheng Dist., Shunde
|
|
To: |
(registered address) Shunfengshan Industrial Zone, Daliang Dist., Shunde |
On(in) Mar 05,2001 |
To: |
captioned address |
On(in) May 19,2003 |
Capital Changed
From: |
RMB 20,000,000 |
|
To: |
RMB 30,000,000 |
On(in) Nov 21,2006 |
Registration Number Changed
From: |
23196545-9 |
|
To: |
4406812004951 |
On(in) Jan 19,2000 |
To: |
440681000080927 |
On(in) Jun 05,2008 |
History SummarySubject was established on July 20, 1999. Now, the registered capital is RMB 30 million, and the shareholders are Liang Weiming (55%), Luo Jiansong (20%), and Liang Zhiming (25%).
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Line of Business
Subject is mainly engaged in production and sales of general liquefaction unit (hair clean class), aerosols and organic solvents unit (aerosol), air fresheners, lubricants, polishing wax, release agents, insecticide aerosol sprays,
electric mosquito tablets, mosquito liquid and so on.
Subject provides OEM services.
2844 0103
Home permanent kits
2879 0107
Pesticides, agricultural or household
2899 9900
Chemical preparations, nec
Brands
Brands Owned |
Boost
Qi Li
Kingbo
Gui Li Yuan
Dong Cai
|
Agencies Held Subject is entitled to independent import and export rights.
Awards & Certifications
Awards & Certifications Name |
ISO9001:2000 |
|
Products & Services
 |
Product Name |
Maximum Productivity |
|
 |
 |
Aerosol |
200,000,000 cans per year
|
 |
Purchasing
Purchase Territory
 |
Area |
Percent |
Region/Country |
 |
 |
Domestic |
90% |
Pearl River Delta |
 |
 |
Overseas |
10% |
Europe
South East Asia
|
 |
Major Suppliers
 |
Area |
Name |
DUNS |
|
 |
 |
Domestic |
Hainan Haiwoo Tinplate Industry Co.,Ltd. |
65-468-4547 |
|
 |
 |
Domestic |
Majesty Dispensing Systems Co., Ltd. |
54-486-8656 |
|
 |
 |
Domestic |
Guangzhou Lianwang Paper Products Co., Ltd. |
54-531-3400 |
|
 |
 |
Domestic |
ICI Swire Paints (China) Ltd. |
65-451-3654 |
|
 |
Selling
Sales Territory
 |
Area |
Percent |
Region/Country |
 |
 |
Domestic |
60% |
- |
 |
 |
Overseas |
40% |
Europe
Japan
|
 |
Selling Terms
 |
Terms |
|
Percent |
 |
 |
Advance |
- |
- |
 |
Selling Settlement Method
 |
Settlement Method |
Percent |
 |
 |
T/T |
|
 |
 |
L/C |
|
 |
Major Customers
 |
Area |
Name |
DUNS |
 |
 |
Domestic |
Shenzhen Yuansheng Co., Ltd. |
|
 |
 |
Domestic |
Wanmei China Daily Necessary Co., Ltd. |
|
 |
Employees
Employee Size
Major Functional Departments
 |
Department(s) |
 |
 |
Administration Dept. |
Business Dept. |
 |
 |
Finance Dept. |
Purchasing Dept. |
 |
 |
Production Dept. |
others |
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Operations Summary
|
Subject is mainly engaged in manufacturing and selling liquefaction unit (hair clean class), aerosols and organic solvents unit (aerosol), air fresheners, lubricants, polishing wax, release agents, insecticide aerosol sprays, electric mosquito tablets, mosquito Liquid. The brands are including Boost, Qi Li, Kingbo, Gui Li Yuan, Dong Cai. The annual output capacity of aerosol is 0.2 billion per year. |
Subject is capable of providing OEM service. It was awarded ISO9001:2000 certificate. It is entitled with independent import and export right. |
Most of the raw materials are purchased in local area, mainly in Zhujiang Delta Area, and few of them are imported from overseas, such as Europe, Southeast Asia. Most of the products are sold in local area, and parts of them are exported to overseas, such as Europe, USA. At present, subject has about 800 employees. |
 |
Location
Principal Place of Business
Location Description |
An industrial area |
Occupation Type |
Occupies |
Other Place of Business
Type |
REGISTERED ADDRESS |
Address |
Shunfengshan Industrial Zone, Daliang Town, Shunde Dist., Foshan |
|
|
|
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Finance
The 2008 financial statements were obtained from outside sources.
Financial Highlights
|
|
|
|
Dec 31,2008
RMB '000 |
Change % |
Dec 31,2007
RMB '000 |
|
|
Current Assets |
|
|
110,858 |
-16.20% |
132,287 |
|
|
Current Liabilities |
|
|
125,269 |
-13.55% |
144,908 |
|
|
Working Capital |
|
|
(14,411) |
-14.18% |
(12,621) |
|
|
Tangible Net Worth |
|
|
32,926 |
1.64% |
32,395 |
|
|
Fixed Assets |
|
|
41,355 |
-1.09% |
41,809 |
|
|
Total Assets |
|
|
158,707 |
-10.49% |
177,303 |
|
|
Total Liabilities |
|
|
125,269 |
-13.55% |
144,908 |
|
|
Shareholders Equity |
|
|
33,438 |
3.22% |
32,395 |
|
|
Sales |
|
|
285,301 |
-19.60% |
354,864 |
|
|
Net Profit |
|
|
1,240 |
-90.88% |
13,600 |
|
Balance Sheet
|
|
|
Dec 31,2008
RMB '000 Fiscal (Independent) |
Dec 31,2007
RMB '000 Fiscal (Independent) |
|
|
Cash and Bank |
|
27,440 |
- |
|
|
Accounts Receivables |
|
22,084 |
27,273 |
|
|
Notes Receivables |
|
295 |
- |
|
|
Other Receivables |
|
760 |
- |
|
|
Prepaid Expense |
|
595 |
- |
|
|
Inventory |
|
55,934 |
70,525 |
|
|
Short Term Investments |
|
3,750 |
- |
|
|
Other Current Assets |
|
- |
34,489 |
|
|
Total Current Assets |
|
110,858 |
132,287 |
|
|
Fixed Assets, at cost |
|
79,910 |
- |
|
|
Less Acc. Depreciation |
|
(38,560) |
- |
|
|
Other Fixed Assets |
|
- |
41,809 |
|
|
Guarantee Deposit Paid |
|
5 |
- |
|
|
Total Fixed Assets |
|
41,355 |
41,809 |
|
|
Intangibles |
|
512 |
- |
|
|
Total Intangible Assets |
|
512 |
- |
|
|
Shares(Unlisted) |
|
2,000 |
- |
|
|
Deferred Assets |
|
305 |
- |
|
|
Other Assets |
|
- |
3,207 |
|
|
Total Investment & Other Assets |
|
5,982 |
3,207 |
|
|
TOTAL ASSETS |
|
158,707 |
177,303 |
|
|
Short-Term Loans |
| 63,378 | - | |
|
Accounts Payable |
|
25,784 |
54,378 |
|
|
Notes Payable |
|
23,833 |
- |
|
|
Other Payables |
|
12,892 |
- |
|
|
Tax Payable |
|
(662) |
- |
|
|
Other Creditors/Accruals |
|
44 |
- |
|
|
Other Current Liabilities |
|
- |
90,530 |
|
|
Total Current Liabilities |
|
125,269 |
144,908 |
|
|
Total Non-Current Liabilities |
|
- |
- |
|
|
Total Liabilities |
|
125,269 |
144,908 |
|
|
Capital |
|
30,000 |
30,000 |
|
|
Capital Reserve |
|
264 |
- |
|
|
Retained Earnings |
|
3,174 |
- |
|
|
Others |
|
- |
2,395 |
|
|
Total Equity |
|
33,438 |
32,395 |
|
|
TOTAL LIABILITIES & EQUITY |
|
158,707 |
177,303 |
|
Profit & Loss Statement
|
|
|
Dec 31,2008
RMB '000 Fiscal (Independent) |
Dec 31,2007
RMB '000 Fiscal (Independent) |
|
|
Sales |
|
285,301 |
354,864 |
|
|
-Cost of Goods Sold |
|
244,390 |
298,510 |
|
|
-Sales Tax |
|
1,057 |
1,473 |
|
|
Gross Profit/Loss |
|
39,854 |
54,881 |
|
|
+Other Operating Income |
|
56 |
89 |
|
|
-Operating Expenses |
|
15,004 |
15,374 |
|
|
-Administrative Expenses |
|
17,615 |
16,810 |
|
|
-Financial Expenses |
|
5,656 |
4,309 |
|
|
Operating Profit/Loss |
|
1,635 |
18,477 |
|
|
+Non-Operating Income |
|
83 |
62 |
|
|
-Non-Operating Expense |
|
65 |
1,381 |
|
|
Profit/Loss Before Tax |
|
1,653 |
17,158 |
|
|
-Income Tax |
|
413 |
3,558 |
|
|
Profit/Loss After Tax |
|
1,240 |
13,600 |
|
|
Net Profit(Loss) |
|
1,240 |
13,600 |
|
Key Financial Ratios
 |
|
Ratio
|
|
2008 |
2007 |
|
|
Current Ratio |
|
0.88 |
0.91 |
|
|
Quick Ratio |
|
0.43 |
0.42 |
|
|
Total Debt/Equity Ratio |
|
3.74 |
4.47 |
|
|
Debt Ratio |
|
0.78 |
0.81 |
|
|
Collection Period (Days) |
|
27 |
27 |
|
|
Payment Period (Days) |
|
35 |
65 |
|
|
Inventory Turnover (Days) |
|
82 |
85 |
|
|
Asset Turnover |
|
1.79 |
2.00 |
|
|
Gross Profit Margin % |
|
13.96 |
15.46 |
|
|
Net Profit Margin % |
|
0.43 |
3.83 |
|
|
Return on Equity % |
|
3.70 |
41.98 |
|
|
Return on Assets % |
|
0.78 |
7.67 |
|
|
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Financial Comments
 |
|
- There are big variances between financial figures of the tow years because of different data sources.
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Industry Financial Norms
 |
|
Ratio
|
2007 |
2006 |
2005 |
|
|
No. of enterprises covered |
87 |
110 |
81 |
|
|
Current Ratio Total Current Assets/Total Current Liabilities |
1.58 |
1.32 |
1.99 |
|
|
Quick Ratio (Total Current Assets - Total Inventory)/Total Current Liabilities |
1.13 |
1.18 |
1.59 |
|
|
Debt/Equity Ratio Total Liabilities/Total Equity |
0.65 |
0.72 |
1.64 |
|
|
Debt Ratio Total Liabilities/Total Assets |
0.40 |
0.69 |
0.79 |
|
|
Collection Period (Days) Accounts Receivable/Sales x 360 |
94.89 |
38.99 |
43.62 |
|
|
Payment Period (Days) Accounts Payable/Cost of Sales x 360 |
61.32 |
144.06 |
78.57 |
|
|
Inventory Turnover (Days) Total Inventory/Cost of Sales x 360 |
67.12 |
65.41 |
190.95 |
|
|
Asset Turnover Net Sales/Total Assets |
1.38 |
1.22 |
1.86 |
|
|
Net Profit Margin % Net Profit(Loss)/Sales x 100% |
12.01 |
13.08 |
10.04 |
|
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Return On Equity % Net Profit(Loss)/Total Equity x 100% |
41.63 |
14.23 |
13.98 |
|
|
Return On Assets % Net Profit(Loss)/Total Assets x 100% |
3.39 |
4.71 |
4.02 |
|
|
 |
Above industry financial norms were derived by calculating the data in HDBC's database.
BankingThe company maintains relationship(s) with the following bank(s) in China:
The Agricultural Bank of China, Foshan Shunde Desheng Sub Branch
Account Number |
44496001040001868 |
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Industry Highlights
Industry Highlights Not Available |
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Litigation Records
Up to Oct 21,2009 , HDBC has searched the China Court website,
website of local court in the place where subject is located,
major domestic courts nets as well as our internal China court database,
but no related court records can be found against the subject during current investigation. |
Clarifications: |
1. There lacks public access to litigation records in Chinese courts. |
2. There also lacks a centralized database for litigation information as China’s legal regime is built vertically and one segment is separate from another.
|
3. Information search is not feasible in courts. |
|
|
|
|
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 molding, which predicts the possibility of a business in perilous status of instability or unreliability,
such as poor financials, late 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.
HDBC EMMA Score Commentary
Range |
% of High Risk Business |
EMMA Score |
|
% of Report in Database |
|
Commentary |
|
Low Risk Scores |
2.0% |
1 |
|
10.5% |
|
Much lower Risk |
|
|
2.7% |
2 |
|
8.6% |
|
Low Risk |
|
|
3.1% |
3 |
|
10.8% |
|
Moderate low Risk |
|
Medium Risk Scores |
4.7% |
4 |
|
16.3% |
|
Below average Risk |
|
|
7.0% |
5 |
|
15.9% |
|
Slight below average Risk |
|
|
8.1% |
6 |
|
11.4% |
|
Average Risk |
|
|
10.9% |
7 |
|
7.1% |
|
Higher than average Risk |
|
High Risk Scores |
16.5% |
8 |
|
6.8% |
|
Moderate high Risk |
|
|
24.5% |
9 |
|
6.5% |
|
High Risk |
|
|
41.9% |
10 |
|
6.1% |
|
Much Higher Risk |
|
EMMA Score for China is initially rolled out in May 2009, derived from an Index Development Sample of close to 4,000,000 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.
The Key Drivers of the EMMA Score include the following:
Business Information
- Business Type
- Line of Business
- Employee Size
- Sales Territory
- Registered Capital
- Years in Business
- History Status
- Property Ownership
Public Record
- Number of Negative Record
|
Financial Information
- Quick Ratio
- Debt Ratio
- Assets Turnover
- Collection Period
- Net Profit Margin
- Return on Equity
Geographical Information
Payment Information
- Payment Period
- Percentage of Overdue Payment
|
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.
The above illustration assumes that no prior history or experience with the new applicant.
When using EMMA Score, combination with other information including an internal assessment policies,
other HDBC data, and front channel input is suggested.
D&B Rating Interpretation Tables
Financial Strength |
Composite Credit Appraisal |
Rate |
Renminbi (RMB) |
High |
Good |
Fair |
Limited |
5A |
450,000,000 and over |
1 |
2 |
3 |
4 |
4A |
85,000,000 to 449,999,999 |
1 |
2 |
3 |
4 |
3A |
8,500,000 to 84,999,999 |
1 |
2 |
3 |
4 |
2A |
6,500,000 to 8,499,999 |
1 |
2 |
3 |
4 |
1A |
4,500,000 to 6,499,999 |
1 |
2 |
3 |
4 |
BA |
2,500,000 to 4,499,999 |
1 |
2 |
3 |
4 |
BB |
1,750,000 to 2,499,999 |
1 |
2 |
3 |
4 |
CB |
1,000,000 to 1,749,999 |
1 |
2 |
3 |
4 |
CC |
650,000 to 999,999 |
1 |
2 |
3 |
4 |
DC |
450,000 to 649,999 |
1 |
2 |
3 |
4 |
DD |
300,000 to 449,999 |
1 |
2 |
3 |
4 |
EE |
200,000 to 299,999 |
1 |
2 |
3 |
4 |
FF |
85,000 to 199,999 |
1 |
2 |
3 |
4 |
GG |
50,000 to 84,999 |
1 |
2 |
3 |
4 |
HH |
Below 50,000 |
1 |
2 |
3 |
4 |
1R |
Over 999,999 |
|
2 |
3 |
4 |
2R |
450,000 to 999,999 |
|
2 |
3 |
4 |
The symbols 5A - HH are based on tangible net worth;
1R and 2R are based on estimated tangible net worth. |
Alternative Ratings Used |
INV |
Indicates that D&B is currently conducting an investigation to gather the most current details.
|
DS |
Indicates that only brief partial information is currently available on the company,
and a full investigation will be conducted once an enquiry is placed.
|
-- |
The blank symbol should not be interpreted as indicating that credit should be denied.
It simply means that the information available to Dun & Bradstreet does not permit us to classify the company
within our rating key and that further enquiry should be made before reaching a decision.
Some reasons for using a "--" symbol include: deficit tangible net worth, bankruptcy proceedings, lack of a current financial statement,
insufficient payment information, or incomplete history information.
|
NQ (Out of Business) |
All companies that have ceased operations or have been voluntarily or involuntarily liquidated.
|
BR |
Branch or division location.
|
ER |
These ratings are assigned based on the Total employee size of the subject companies.
They are given to banks, insurance companies, investment trusts, security brokers or companies
which do not seek normal commercial credit, and hence the normal credit rating principals are not applied
Note:ERN (Not Available) should not be interpreted negatively. It simply means we do not have information
indicating how many people are employed at this firm.
|
Employee Range Designation |
ER1 |
1,000 or more employees |
ER2 |
500 to 999 employees |
ER3 |
100 to 499 employees |
ER4 |
50 to 99 employees |
ER5 |
20 to 49 employees |
ER6 |
10 to 19 employees |
Explanations |
Administration for Industry & Commerce is a
government entity subordinating to the State Council. It is in charge of the
market supervision, management and other related administrative law enforcement
affairs. Its major responsibilities include but not limit to organizing and
managing the business registration, checking and ratifying registered company
names, examining, approving and issuing relevant licenses for enterprises of
all types (including foreign invested enterprises) and other business units,
individuals and foreign (regional) enterprises representative organizations.
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Customer Service Contact Information
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Our ref: 200910149309300170
Your ref: Online Trust CS Dept.
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