When writing credit reports of Chinese companies for our clients, we find many lies and exaggerations. In this article, we will show you how this company – Changzhou Victory Machinery Co., Ltd. – lies to international buyers.
Based on our investigation, we found that the company lies or exaggerates in the following aspects:
1. Personnel Discrepancy
The company claims that it has an experienced professional team and can provide 24-hour service equipped with professional customer service personnel on its website.
However, after the investigation, it turned out that though the company was established in 2019, the current number of insured employees is 0 in the Chinese government database, indicating that the company has no official employees since its establishment. Legally contracted employees should be insured in China according to law. In this case, the company exaggerates the size of the staff.
2. Wrong Registered Address
We found that the company’s address shown on the website is No 5, Yanzheng Middle Road, Hutang Town, Wujin, Changzhou city, Jiangsu which is different from its registered address. Just like the following pictures show:
Address on website
We did a lot of research to find out what was going on. And finally, we found that the address on its website actually belongs to 常州市多博英机械有限公司 (Changzhou Double Spring Machinery Co., Ltd.)
The address on the website of Changzhou Victory Machinery co., Ltd is the registered address of 常州市多博英机械有限公司 (Changzhou Double Spring Machinery Co., Ltd.) before 2019 (Now it has changed). We were able to find this company because we found that one of the key personnel in both companies was the same person – 张艳秋 (Zhang Yanqiu). Although these two companies have affiliations, we still suggest our client ask his supplier for an explanation.
3. Issued Time on Certificates
If we search the certificates on its website, the issued time was all earlier than its establishment since its established time was 2019-10-09. It is very suspicious.
All the certificates shown on the website had the same problem in time. So we go to the website of each issuing organization of these certificates and found that they do not belong to this company at all.
4. Exaggeration of Import and Export Experience
The company claims that its sales throughout Europe and America.
However, in our investigation, it turned out to be an exaggeration since the company just got its import and export qualification on 2020-6-03.
When you want to do business with a Chinese company, you need to verify a company in advance to avoid lies or exaggerations and this is where we can help.