MIRA
INFORM REPORT
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Report Date : |
17.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
LARGE FOREVER CORP |
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Registered Office : |
12 Fl, 306 Wen
Hsin Rd Section 1 Nantun Dist, Taichung City 408 |
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Country : |
Taiwan |
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Date of Incorporation : |
31.07.1995 |
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Legal Form : |
Private Company
With Limited Liability |
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Line of Business : |
Importer of
Leather Goods, Tanned & Imitation |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Non – Operational |
Name & address
LARGE FOREVER CORP
12FL, 306 WEN HSIN
RD SECTION 1 NANTUN DIST
TAICHUNG CITY 408,
TAIWAN (MAXGREAT INT'L CO LTD)
TEL:
886-4-23283536 FAX: 886-4-23280490
Alert report!
This refers to a type of report whose format is different from that of a standard report. Such type of report is provided when:
l
Information
obtained is insufficient for compiling a standard report.
l
The enquired co
has been out of business or its business address has been untraceable.
It should be noted
that the time and manpower spent on preparing such type of report might be
greater than those on a standard report. On many occasions, the information in
this type of report still indicates the current status of the enquired co. and
serves as a useful reference to assess its credit standing.
*Ceased Operations*
===============
Extensive
investigation has been conducted to identify the status of commercial
operations for this company.
Investigations have
included:
- Search at the local registrar
- Visit to the business address
- Telephone calls
- Checks with local trade associations
*Company
registration*
=================
Primary Business
Activity : Importer
Key Industry : Leather Goods,
Tanned & Imitation
License Number : 89655065
Date of
Registration : 31 July,
1995
Issuing
Authority :
Ministry of Economic Affairs (MOEA)
Legal Form : Private
company with limited liability
Operational Status
of Business : Ceased operations - License terminated.
*Office &
Facilities*
================
The telephone and address
listed above are owned by a shoe company, MAXGREAT INT'L CO LTD which was
previously a customer of LARGE FOREVER CORP. LARGE FOREVER CORP before
terminating their business supplied leather to MAXGREAT.
Size : 264 sq. meters (Approx)
Location : Taichung City
Property status : Owned by MAXGREAT INT'L CO LTD
Type of
building : Commercial building
SC is not known to
host website of its own at present.
For the past two
years there is no record of litigation.
SC’s shareholder details are not available at present.
SC’s management
details are not available at present.
Products:
Leather
Processed hides
SC is not known to
have any subsidiary at present.
PAYMENT RATING : NR
OBTAINED SCORES : No Data
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the payment pattern of SC based
upon our Payment Database, comments from suppliers of SC, information from
banks (if available), as well as industrial sources.
*BANK DETAILS*
===============
Bank Name : MEGA
INT'L COMMERCIAL BANK CO LTD
Branch : West Dist,
Taichung City
Branch Address : 257
Wu Chuan West Rd Section 1
SWIFT Code :
ICBCTWTP
Based on the above
it was confirmed that the company no longer exists and has ceased operations since
January 8, 2004.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3100
Leather and Leather Products
Importing 3199
Leather goods,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 4100
Raw hides & skins & leather
Importing 4205
Articles of leather
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.99 |
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UK Pound |
1 |
Rs.72.14 |
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Euro |
1 |
Rs.61.57 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)