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

Huanic Corporation.

Prepared for   :   D&B Registration (Normal) - 2 years
Subscriber Key   :   927012679
Delivery Date   :   Apr 01,2015
Printed on   :   Apr 01,2015

Inquiry Date   :   Mar 19,2015
Inquiry Subject   :   ƹ޹˾
Inquiry Address   :   -
Inquiry Phone/Fax   :   (P)029-81881001 
Inquiry Reference   :   CUSTSR

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

 
 

Huanic Corporation.

Report compiled Apr 01,2015
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IDENTIFICATION & SUMMARY

Summarise  
 
   
 

Identification

Company Name Huanic Corporation.
Official English Name Yes
Chinese Name ƹ޹˾
DUNS® Number 54-524-3370
Address No.67 Jinye Road, High-tech Zone
Xi'an
Shaanxi
Postal Code 710077
Address (Chinese) ҵ·67
ʡ
Telephone 029 81881001
Facsimile 029 81881011
Website www.huanic.com
E-mail info@huanic.com
Type of Business A limited company
Year Started 2002
History Clear (Complete Shareholder(s) and management information)
Imports Yes
Exports Yes
Employees 600 (Total)
Principal Wenhui SUN / General Manager
US SIC Code 3699 9906
Primary Business Laser systems and equipment
 
 

Risk Summary

   
 
RISK EVALUATION
   
  EMMA Score 3  
  D&B Rating 3AA2  
  D&B PAYDEX® 80  
 
LEGAL EVENTS
   
  Litigation Records 0  
 
PRINCIPAL INFORMATION
   
  Principal(s) 2  
 
PAYMENT INFORMATION
   
  Trade References 3  
 
COMPANY KEY EVENTS
   
  History Changes 0  
  Media Records 0  
 
FINANCIAL SUMMARY
   
  Registered Capital RMB 35,000,000  
 
 
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 80
 
 
 
   
  0 100  
  Late Payment Risk: Low
  Payment Avg. within terms granted
 

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).

D&B PAYDEX® is obtained according to enterprises'historical payment habit. Subject's PAYDEX® is 80, which shows within terms granted on average and indicates the Low Risk of Late Payment.

Company Overview

Subject is a limited company, which was established in 2002. Subject is mainly engaged in the production and sales of laser and optical instruments Currently, subject owns around 600 staff.

Current Investigation


On Apr 01,2015 ,Sales Manager Mr.Sun Weike(Tel: 1862908****) confirmed partially 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.

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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:

  • Trade experiences within 12 months indicate subject has low percent of slow payment in amount, indicating lower risk level.
  • 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/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 3699  
      Industry Group Description Electrical equipment and supplies, nec  
      Industry Group EMMA Score Quartile Values
    Lower Quartile 5
    Median 6
    Upper Quartile 7
     

    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
    Huanic Corporation. 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 2%
    3 6%
    4 12%
    5 13%
    6 25%
    7 33%
    8 6%
    9 1%
    10 1%

    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 (Subject lies in this group) BA CA
    80>PAYDEX>=60 AB 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 "AA", 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 most of the bills are paid promptly, rarely with any delay, and the credit reputation of subject/industry is decent;
  • Subject is rated as a quality company due to its sound operation, prompt payment, low risk level and good credit reputation. Therefore, subject is recommended to be granted with relative favorable credit policy.
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    THIRD PARTIES REFERENCES

    Summarise
     
       

    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
    80
     
     
     
     
       
      0 100  
     
      When weighted by value,payments to suppliers average within terms granted based on payments collected over the last 24 months
         
      This business has a higher PAYDEX than its industry
         
     
      PAYDEX of This Industry
    71
     
     
     
     
       
      0 100  
     
      When weighted by value,payments to suppliers average 14 days beyond terms based on payments collected over the last 24 months
     
      Industry Name:Electrical equipment and supplies, nec
      Industry Median:71
      Upper/Lower Quartile:80/54
      Based on:305 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)

    Trade Payment Information


    Trade Payment Experiences Summary
    Value Bands - Now Owes
    RMB
    No. of Exp Sum of Now Owes
    RMB
    Within
    Terms
    1-30
    Days
    31-60
    Days
    61-90
    Days
    91+
    Days
    >10,000,000 0 0 0% 0% 0% 0% 0%
    1,000,000 - 9,999,999 0 0 0% 0% 0% 0% 0%
    500,000 - 999,999 0 0 0% 0% 0% 0% 0%
    100,000 - 499,999 0 0 0% 0% 0% 0% 0%
    50,000 - 99,999 0 0 0% 0% 0% 0% 0%
    <50,000 3 0 100% 0% 0% 0% 0%
    TOTAL 3 0 100% 0% 0% 0% 0%

     

    Note: Above Trade Payment Experiences Summary is derived by analysis trade payment experiences details within 24 months.


    Detailed Information
     
    Detailed Information
    Trade Payment Experiences Details (Max. 100 records displayed)

    (Amounts may be rounded to the nearest figure in prescribed ranges)

    Date Paying Record High Credit Now Owes Past Due Selling Terms Last Sale
    Apr 01,2015 Prompt 30,000 0 0 EOM 30 Apr 01,2015
    Apr 01,2015 Prompt 16,666 0 0 EOM 30 Apr 01,2015
    Apr 01,2015 Prompt 20,833 0 0 EOM 30 Apr 01,2015
     

    Note: The above payment record reflects how accounts are paid in relation to the terms granted. Slow-30, for example, indicates a 30 day term where 30 additional days are taken. In some instance, payment beyond terms can be the result of disputes over merchandise, lost invoices, etc

    Industry Payment Information


    According to the payment statistics collected by Huaxia D&B China during the past 12 months (2013.10-2014.9) of electronic and electrical industry, the timely payment rate of the industry was mainly kept between 50% and 60% stably.

    In terms of the payment records and performance, the timely payment rate and the overdue rate of the industry was 59% and 29% respectively. The average overdue terms reached 16 days, 1 day longer than that of the last statistics (2013.7-2014.6). In terms of the payment value and the overdue period, about 17% of the total amount was delayed, which is slight better than the last statistics. Among that, the amount of 1-30 days overdue has the largest proportion with 43% of the total overdue.

    Overall, the stable payment performance and the short overdue terms of the electronic and electrical industry indicate that the overdue AR might have limited effect on the cash flow of up-stream companies. As the timely payment rate is not high enough, suppliers can still have routine reminding to customers that are easy to pay late.

    Supplier Reference

    According to subjects suppliers. Subject has the good credit, with no delinquent account.

    Customer Reference

    Customer comment: 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 Sep 16,2002
    Registered At Xi'an Administration for Industry & Commerce
    Registration No. 610131100003366
    National Organization Code 735088541
    Registered Capital RMB 35,000,000
    Paid-up Capital RMB 35,000,000
    Tax No. 610198735088541
    Business Started 2002
    Type of Business a limited company
    Registered Address No.67 Jinye Road, High-tech Zone, Xi'an
    Legal Representative Sun Jianhua
    Business Scope General business items: optical, mechanical products, electrical and electronic equipment components, energy-saving products, industrial products, electrical products, complete sets of production, development, sales; goods and technology import and export business (national prohibitions and restrictions on the intake; optical and electrical technology services exports of goods, excluding technology) (The above business except the state-controlled and pre-licensing project)

    Shareholder(s)

    Shareholding Structure

    Name Region/ Country Shares Investment Mode Paid-Up Rate
    Sun Jianhua
    China 33% Cash fully paid
    Sun Wenhui
    Ļ
    China 15% Cash fully paid
    Fan Jingqun
    Ⱥ
    China 14% Cash fully paid
    Dong Yuhua
    ع
    China 10% Cash fully paid
    Wang Suying
    Ӣ
    China 10% Cash fully paid
    Zhang Qiumei
    ÷
    China 10% Cash fully paid
    Yang Geng
    China 8% Cash fully paid
    Total   100%    

    Comment:

  • Its operation period is permanent.
  • 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.
  • The type of business of subject is a limited liability company (invested or held by a natural person) .
  • History Summary

    Sun Jianhua, Sun Wenhui, Fan Jingqun, Dong Yuhua, Wang Suying, Zhang Qiumei and Yang Geng investedand registered subject with Xi'an Administration for Industry & Commerce in Sep.2002., Sun Jianhua acted as the legal representative. Registered capital is RMB 35,000,000 at present.

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    PRINCIPALS

    Summarise
     
       

    Principal(s)

    Wenhui SUN - General Manager
    Ļ

    Gender Male
    Nationality China
    Activity Status Yes
    Area of Responsibility Overall management
    Related Working Experience 5 Year+


    Weike SUN - Sales Manager
    ΰ

    Gender Male
    Nationality China
    Activity Status Yes
    Area of Responsibility Sale

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    OPERATIONS

    Summarise  
       

    Supply Capacity & Operation Nature

    Subjecgt is a hi-tech enterprise.

    Subject is mainly engaged in the production and sales of laser and optical instruments


    US SIC Code 3699 9906 Laser systems and equipment

    US SIC Code 3821 0113 Laser beam alignment devices

    US SIC Code 3826 9909 Laser scientific and engineering instruments

    US SIC Code 3827 0100 Optical instruments and apparatus

    US SIC Code 3827 0106 Gun sights, optical

    The operation is seasonal.

    The low season of subject is from Mar to Jun.

    Subject provides OEM Service.

    Subject provides ODM Service.

    Brands

    Brands Owned Huanic

    Awards & Certifications

    Awards & Certifications Name ISO9001
       
    Awards & Certifications Name ISO14001
       
    Awards & Certifications Name FDA
       

    Licenses

    Subject is entitled to independent import and export rights.


    Purchasing

    Purchase Territory

    Area Percent Region/Country
    Domestic 70%  
    Overseas 30% South Korea  

    Purchasing Terms

    Terms   Percent
    Agreement/Contract basis - -

    Purchasing Settlement Method

    Settlement Method Percent
    T/T  

    Major Suppliers

    Area Name DUNS  
    Domestic DHL International Aviation Express Mail Co.,Ltd.Shaanxi Branch 54-312-4600  
    Domestic Federal Express (China) Company Limited 54-482-5532  
    Domestic Tianjin Xunchi International Logistics Co., Ltd.Xi'an Branch 52-948-7380  

    Selling

    Sales Territory

    Area Percent Region/Country
    Domestic 50%   nationwide
    Overseas 50% Europe
    United States  

    Selling Terms

    Terms   Percent
    Agreement/Contract basis - -

    Selling Settlement Method

    Settlement Method Percent
    T/T  

    China Customs Import and Export Data

     

    HS Code 854140 Light emitting diodes
    HS Code 901310 Telescopic sights for fitting to arms; periscopes; telescopes, etc as part of apparatus
    HS Code 901320 Lasers, other than laser diodes
    HS Code 901390 Parts & accessories of lasers, telescopes, etc. (items in sub-headings 90131000 and 90132000)
    HS Code 903190 Other parts of instruments & appliances of heading 9031

    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 Air Transport, Motor Vehicle Transportation, Postal Transportation Air Transport
    Export River-Sea Transportation, Air Transport Air Transport,River-Sea Transportation

    Trade Type

      2014 2013
    Import Ordinary Trade, Others Ordinary Trade,Others
    Export Ordinary Trade Ordinary Trade

    Import & Export Value

      2014 2013
    Import USD 790,493 USD 1,251,254
    Export USD 3,827,667 USD 4,088,932

    Main Import & Export Country

    Import Country Export Country
    South Korea Europe
    United States

     

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

    Employees

    Employee Size


    Type Number
    Total 600
    The above are approximate staff numbers.

    Operations Summary

    Subject is mainly engaged in the production and sales of laser and optical instruments. Subject's products 50% are sold in domestic market, 50% are exported. export country/region mainly include Europe, United States. Its selling settlement method includes T/T . Subject is entitled to I/E Rights. Its manufacturing is seasonal. Major brands include 'Huanic'.Subject's purchasing 70% are in domestic market, 30% are imported. import country/region includes South Korea. Major purchasing settlement method includes T/T.

    Location

    Principal Place of Business

    Location Description A development area
    Used as Office and factory

    Other Place of Business

    Type REGISTERED ADDRESS
    Address No.67 Jinye Road, High-tech Zone, Xi'an
       

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    FINANCE & BANKING

    Summarise
     
       

    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's financial statement is not disclosed.
     

    Banking

    The company maintains relationship(s) with the following bank(s) in China:

    CHINA CONSTRUCTION BANK
    Xi'an High-tech Development Zone Sub Branch

    61001920900052515231

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    INDUSTRY HIGHLIGHTS

    Summarise  
     
       

    Industry Highlights


    Date May 30, 2014
    Source Statistics Authorities
    DetailIn December 2013, the outputs of most products in machinery industry were increased compared with those of last month. Compared with the same period of the year before, the decline in year-on-year growth of sub-sectors with negative growth trend was narrowed. The year-on-year decrease mainly occurred in cultural and office machinery sector as well as electrical sector. In December 2013, the production of electrical appliance industry showed the downward trend. The output of electrical appliance and instrument was 13,401,000 machines, with the year-on-year decrease of 1.00%, The cumulative output was 124,261,000 machines, with the cumulative decrease of 1.30%.
    From January to December 2013, the entire machinery industry of China realized the export delivery value of RMB 1,785.543 billion, with the cumulative year-on-year increase of 2.53%, which was increased by 0.58% compared with the cumulative growth of last month. The cumulative year-on-year growth of the electrical appliance industry from January to December 2013 experienced a great decrease.
    Date May 30, 2013
    Source Statistics Authorities
    DetailIn December, 2012, production and marketing of electrical appliance industry showed a trend of keeping stable year on year and declining month on month while its value of export delivery declined year on year but increased month on month. In 2012, the total industrial output value of the industry reached RMB 4.90 trillion, up 12.05% year on year.
    The total sales income was RMB 4.79 trillion, up 11.96% year on year with sales-output ratio of 97.75%. Among that, the sales of power generation equipments declined sharply but that of transmission & distribution products and basic electrical products increased. Moreover, production and marketing of some sub-industries increased while others declined year on year. The total sales value of turbine industry and auxiliary engine manufacturing industry continued its negative growth in the last month, down 11.64% and 10.72% respectively. The growth rate of total industrial output value in manufacturing industry of baking ovens, furnaces, electric furnaces and PV equipments & components also showed a negative growth year on year.
    In 2012, the total export value of the industry reached RMB 619.2 billion, down 4.11% year on year. Among that, manufacturing industry of wires and cables is its sub-industry with huge export volume which had achieved value of export delivery of RMB 84.452 billion from January to December. The speed increase of value of export delivery of ceramic manufacturing industry still appeared a negative growth, with the year-on-year growth rate of -25.62%.
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    Public Records

    Summarise
     
       

    Litigation Records

    As of Apr 01,2015 , 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

    Summarise  
       

    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.

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    Our ref: 201503199309300119

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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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