MIRA INFORM REPORT
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Report Date : |
05.04.2011 |
IDENTIFICATION DETAILS
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Name : |
AMPLAST CORPORATION |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22.04.2009 |
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Com. Reg. No.: |
24341128 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
marketing and sales of plastic raw materials and chemicals |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 40,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Contact
Points
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Company Name: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
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Telephone Number: |
+ |
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Fax Number: |
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E-mail: |
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
Amplast
Corporation |
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Registered
Address: |
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Date of
Foundation: |
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Registration
Number: |
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Registry: |
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Registered
Capital: |
(As of 2011.04, 1
NTD = 0.0339 USD) |
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Legal
Representatives: |
Zhiya Qiu |
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Legal Form: |
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Principal
Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Notes:
Subject declined to disclose
its staff number.
History
Subject was
incorporated on
Shareholders
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Name |
Subscription
Amount |
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10,000,000 |
Subsidiaries
& Branches
Subject did not register any subsidiaries or branches,
from other source we can not obtain the relevant information, either.
Personnel Information
Core Management
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1 |
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Name |
Zhiya Qiu |
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Position |
Director |
Operation Information
Offices & Factories
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Office |
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Address |
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Purchase
Information
l
The registered
activities of subject:
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F107200 |
Wholesale trade of chemical raw materials |
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F401010 |
International trade |
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ZZ99999 |
Besides licensed business, all other
business items that is not banned or restricted. |
l
The raw material for production is mostly purchased from
domestic markets.
Sales Information
l
The
subject was established in 1997 as a general trading company, specializing in
the marketing and sales of plastic raw materials and
chemicals, including PVC resins, PE , EVA , PP , ABS, PS, PTA,MEG,PET &
NYLON chips , PC, Plastic Stabilizers, Plasticizer , TIO2 (Titanium Dioxide)
and etc.
l
In
addition to above products, we are expanding our business scope to Steam Coal,
Iron Ore , Refined white Sugar and Sulphur granular and lumps commodity.
l
For over
fourteen years, subject has developed a worldwide distribution network, wherein
the subject is currently selling Amplast related products in over twenty five
countries. Our main markets are
l
Subject
has importing and exporting rights.
Settlements
Purchase
Domestic
Purchase (
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Payment
Terms |
Proportion |
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Raw
material |
100% |
Foreign
Purchase
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Payment
Terms |
Proportion |
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Raw
material |
CBD,
etc |
100% |
Sales
Domestic
Markets (
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Sales
Terms |
Proportion |
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Export
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Sales
Terms |
Proportion |
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Plastic
raw materials and chemicals |
CBD,
etc |
100% |
Financial Information
The subject has no obligations to supply its
financial statements to the third party according to the relevant policy in
Since the subject declined to disclose it, the
financial information of subject is not available.
Bankers
Open Account Bank
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Taiwan
Bank |
Public Record
Mortgage Record
No mortgage record
was found from public files.
Lawsuit
Up to date of reporting, no existing or latent
litigation of the subject has been found.
Interview Details
Notes: The staff declined to disclose its name.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.65 |
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1 |
Rs.71.93 |
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Euro |
1 |
Rs.63.24 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.