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This report prepared by Huaxia D&B China is sent to answer your inquiry on: |
Fuding City Xinlong Machinery Components Co.,Ltd.
D-U-N-S: 52-911-5713
Prepared for |
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D&B Registration (Normal) - 1 year
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Subscriber Key |
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927012669
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Delivery Date |
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Apr 10,2013
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Printed on |
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Apr 10,2013 |
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Inquiry Date |
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Apr 03,2013
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Inquiry Subject |
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福鼎市鑫龙机械部件有限公司
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Inquiry Address |
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福鼎
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Inquiry Phone/Fax |
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Inquiry Reference |
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CS Dept.
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Huaxia D&B China report products provide powerful predictive China Delinquency Score (CDS) now!
Equipped with world-class predictive modeling capability and years of deep insight in China market, Huaxia D&B China has successfully launched China Delinquency Score (CDS),
and our report products now provide powerful predictive CDS!
HDBC's Delinquency Score predicts the likelihood that a company will pay its bills in a severely delinquent manner based on the information in HDBC's files.
The China Delinquency Scoring System uses statistical probabilities to provide customers the analytical tool for businesses to manage credit policies as well as risk decisions in emerging
market, in particular the businesses in China.
What's updated in Business Information Report?
Applied China Delinquency Score - Specially designed to quantify risk levels that can be related to probability of delinquent of business counter-parties;
Introduced three measurement of CDS in form of score, percentile, and class, for ease of use for our customers in different decision scenarios.
We dedicate to become your most trusted source of business information and insight by continuously enhancing our analytical tools and business reports.
For more information, please visit www.huaxiadnb.com or call our customer service.
Hotline: Shanghai: 400-820-3536 Beijing: 400-810-3531 Guangzhou: 800-830-9032
Copyright © 2011-2015 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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Fuding City Xinlong Machinery Components Co.,Ltd. |
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Report compiled Apr 10,2013 |
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Company Name |
Fuding City Xinlong Machinery Components Co.,Ltd.
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Official English Name |
Yes
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Chinese Name |
福鼎市鑫龙机械部件有限公司
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DUNS® Number |
52-911-5713 |
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Address |
Qiushi Rd.,Shuijingtou Industrial Park,Taimushan Town |
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Fuding |
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Fujian |
Postal Code |
355209 |
Address (Chinese) |
太姥山镇水井头工业区求是路 |
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福鼎市 |
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福建省 |
Telephone |
0593 7266636 |
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0593 7288960 |
Facsimile |
0593 7277787 |
Website |
www.xl-machine.cn
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E-mail |
liuxiaohua0796@163.com
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Type of Business |
A limited company |
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Year Started |
2005 |
History |
Clear (Complete Shareholder(s) and management information) |
Imports |
Yes |
Exports |
Yes |
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Employees |
230 (Here) |
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Principal |
Xiaohua LIU / General Manager |
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US SIC Code |
3714 9900 |
Primary Business |
Motor vehicle parts and accessories |
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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 |
3 |
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Relative Risk |
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Moderate Low Risk |
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1 |
10 |
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D&B Rating |
AA2 |
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Financial Strength |
AA |
(Registered Capital 2,500,000 - 4,499,999) |
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Composite Appraisal | 2 |
Good | |
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Company Overview
Subject is a limited company, which was established in 2005. Subject is mainly engaged in manufacturing & wholesaling auto parts. Currently, subject owns around 230 staff.
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Current Investigation
On Apr 10,2013 ,General Manager
Mr.Liu Xiaohua(Tel: 1505931****)
declined
full financial statement, but confirmed partially financial, operational and historical data in this report.
Other information was obtained from a third party source.
The information in this report 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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EMMA Score
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 the company/industry has some delay payment, indicating medium risk.
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By evaluating all risk factors, the company is assigned with EMMA score of "3", indicating "Moderate Low Risk".
Industry Norm Grouping
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Industry Group SIC |
3714 |
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Industry Group Description |
Motor vehicle parts and accessories |
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Industry Group EMMA Score Quartile Values |
Lower Quartile |
4 |
Median |
5 |
Upper Quartile |
6 |
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Company Risk Vs Industry Norm Chart
EMMA Score |
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Lower Quartile |
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Median |
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Upper Quartile |
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0 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
EMMA Score |
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Fuding City Xinlong Machinery Components Co.,Ltd. |
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Industry |
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Distribution of EMMA Score in Huaxia D&B China's Database
40% |
35% |
30% |
25% |
20% |
15% |
10% |
5% |
0% |
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Score |
Distribution |
1 |
0% |
2 |
4% |
3 |
13% |
4 |
19% |
5 |
22% |
6 |
19% |
7 |
14% |
8 |
6% |
9 |
2% |
10 |
1% |
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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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Registration
Registration Date |
Nov 16,2005 |
Registered At |
Fuding Administration for Industry & Commerce |
Registration No. |
350982100010775 |
National Organization Code |
78216333X |
License Expiry Date |
Nov 15,2015 |
Registered Capital
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RMB 3,000,000 |
Paid-up Capital |
RMB 3,000,000 |
Tax No. |
35098278216333X |
Business Started |
2005 |
Type of Business |
a limited company |
Registered Address |
Shuijingtou Industrial Park,Fuding |
Legal Representative |
Wang Jinshui |
Business Scope |
Vehicle parts, machinery spare parts manufacturing and sales.
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Shareholder(s)
Shareholding Structure
Name |
Region/ Country |
Shares |
Investment Mode |
Paid-Up Rate |
Wang Jinshui and other 1 natural person 王金水等2位自然人 |
China |
100% |
Cash |
fully paid |
Total |
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100% |
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Comment:
Subject passed the annual inspection of 2011 with Administration for Industry & Commerce.
10/4/2013,Mr.Liu Xiaohua provide shareholders information in the report,but cannot provide specific joint information.
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History SummaryWang Jinshui and other 1 natural personand registered subject with Fuding Administration for Industry & Commerce in Nov.2005., Wang Jinshui acted as the legal representative. Registered capital is RMB 3,000,000 at present.
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Financial Comments
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- Subject sales in 2012 is about CNY 50,000,000;Gross profit value is about 10-15% of its sales
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BankingThe company maintains relationship(s) with the following bank(s) in China:
Agricultural Bank of China Taimushan Sub_Branch
13230501040002676
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Industry Highlights
Date |
May20,2012 |
Source |
Statistics Authorities |
Detail |
Up to 2011, the number of automobile manufacturers in China was 9,826. Among that, 48.92% of the manufacturers were private enterprises and 23.96% of them were foreign-funded/ HK, Mac, TW enterprises. 1,021 of them were money losers and loss range of this industry was about 10.39%. In terms of market operation condition, the sales volume of automobiles in 2011 reached 18.51 million and increased 2.45% year on year. The increasing rate declined largely by 29.92 points. That of passenger cars reached 14.47 million and increased by 5.19%. Among the passenger cars, the sales volume of saloon cars was 10.12 million, increasing stably by 6.62%. In 2011, the buses market remained as the leader of commercial vehicle industry with the sales volume of 400,000 and an increase of 13.33% year on year. At the same time, heavy-duty truck market was still in the bottom, the sales volume decreased by 13.44% year on year. According to import and export situation, automobile import shows a fallback, while automobile export grows rapidly with country-risk however. In 2011, the accumulated import volume of finished automobiles (including chassis) was 1.039 million, which was 27.69% higher year on year. The accumulated export volume of that reached 849,500 million with a large increase of 50% year on year. The major export destination countries are Brazil, Algeria, Russia, Chile and Iran. According to investment and operation situation of this industry, from January to November, 2011, the fixed investment of automobile industry had reached RMB 57.43 billion, which increased by 37.59% ther. situation of auto market deteriorated rapidly in 2011, the follow-up pressure of large-scale auto-investors was enlarged. The sales income of automobiles in 2011 increased by 17% while the profit only increased by 16% year on year. The increasing of profits was lower than that of income, indicating that profit status of automobile enterprises is worsened. Compared to the situation in 2010, rising cost of main raw materials such as steel, cooper and aluminum in automobile industry will bring a comparatively huge cost pressure to the enterprises. |
Litigation Records
As of Apr 10,2013 , 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.
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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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 |
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% of High Risk Business |
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Commentary |
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Low Risk Scores |
1-3 |
28.9% |
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5.7% |
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Lower Risk Range |
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Medium Risk Scores |
4-7 |
56.7% |
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9.1% |
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Average Risk Range |
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High Risk Scores |
8-10 |
14.4% |
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36.4% |
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High Risk Range |
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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
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Geographical Information
Public Record
- Number of Negative Record
Payment Information
- Percentage of Overdue Payment
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Company/Industry PAYDEX®
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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 |
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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 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 |
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N |
Financial Strength is negative |
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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 |
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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® |
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Payment Habit |
100 |
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Anticipate |
90 |
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Discount |
80 |
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Prompt |
70 |
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15 days beyond terms |
60 |
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22 days beyond terms |
50 |
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30 days beyond terms |
40 |
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60 days beyond terms |
30 |
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90 days beyond terms |
20 |
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120 days beyond terms |
0-19 |
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Over 120 days beyond terms |
UN |
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Unavailable |
Explanation of China Delinquency Score
HDBC's China Delinquency Score predicts the likelihood that a company will pay its bills in a severely delinquent manner based on the information in HDBC's files.
A severely delinquent business is defined as a business with less than 75% of its trade experiences paid in a satisfactory manner (prompt or within 30 days)
and at least 10% of its payments 90 days or more past due or one or more events classified as leading to failure, such as meeting of creditors, administrator appointment,
bankruptcy, receiver appointed, litigation records within 2 years and negative media information within 1 year.
The China Delinquency Scoring System uses statistical probabilities to classify public and private companies into three risk classifications of Business Delinquency: a 279-641 Score,
1-5 Credit Classes and 1-100 Percentile Ranking. These classifications are based on the chance of a business experiencing the above definition of "bad" over the next 12-months period.
The China Delinquency Scoring model utilizes the combined power of HDBC's vast information database including Payment, Demographic, Financial, and other information,
when and if available.
China Delinquency Score is calculated through logistic regression using below 16 risk drivers:
Demographic Information
- Business Type
- Years in Business
- Line of Business (SIC)
- Region & Province
- History Status
- Existence of Court Record
Financial Information
- Age and existence of B/S
- Current Ratio
- Liabilities to Net Worth
- Return on Assets
- Current Assets
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Payment Information
- Number of Payment Experiences
- Payment Term
- Percent of Satisfactory Payment Experiences
- Percent of Medium Delinquent Payment Experiences
- Percent of Severe Delinquent Payment Experiences
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Risk Quintile in 5 Class
Class |
MinScore |
MaxScore |
% of Population |
Actual BadRate |
Predicted BadRate |
Cum. Pct. Bads |
5 |
279 |
380 |
10% |
52.6% |
52.2% |
48% |
4 |
381 |
480 |
20% |
13.1% |
13.4% |
72% |
3 |
481 |
523 |
40% |
5.7% |
5.6% |
93% |
2 |
524 |
556 |
20% |
3.0% |
3.1% |
99% |
1 |
557 |
641 |
10% |
1.6% |
1.5% |
100% |
Delinquency Level by 5% Quantile
Quintile |
MinScore |
MaxScore |
% of Population |
Actual BadRate |
Predicted BadRate |
Cum. Pct. Bads |
20 |
279 |
333 |
5% |
61% |
60% |
28% |
19 |
334 |
380 |
5% |
44% |
44% |
48% |
18 |
381 |
435 |
5% |
21% |
22% |
58% |
17 |
436 |
457 |
5% |
13% |
14% |
64% |
16 |
458 |
474 |
5% |
10% |
10% |
68% |
15 |
475 |
480 |
5% |
8% |
8% |
72% |
14 |
481 |
483 |
5% |
8% |
7% |
75% |
13 |
484 |
487 |
5% |
7% |
7% |
79% |
12 |
488 |
495 |
5% |
7% |
7% |
82% |
11 |
496 |
501 |
5% |
6% |
6% |
85% |
10 |
502 |
509 |
5% |
5% |
5% |
87% |
9 |
510 |
516 |
5% |
4% |
5% |
89% |
8 |
517 |
520 |
5% |
4% |
4% |
91% |
7 |
521 |
523 |
5% |
5% |
4% |
93% |
6 |
524 |
532 |
5% |
4% |
4% |
95% |
5 |
533 |
539 |
5% |
3% |
3% |
96% |
4 |
540 |
546 |
5% |
3% |
3% |
97% |
3 |
547 |
556 |
5% |
3% |
3% |
99% |
2 |
557 |
584 |
5% |
2% |
2% |
99% |
1 |
585 |
641 |
5% |
1% |
1% |
100% |
Customer Service Contact Information
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Our ref: 201304039309301162
Your ref: CS Dept.
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Copyright © Huaxia D&B China
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