MIRA INFORM
REPORT
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Report Date : |
07.04.2011 |
IDENTIFICATION DETAILS
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Name : |
EN MAW TRADING CO., LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
29.01.1982 |
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Com. Reg. No.: |
76369461 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Import, export
and wholesales of canned food, preserves,
candy, cookies |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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 50,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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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: |
199 Fo Tao Road Chein District, |
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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
History
Subject was incorporated on
Shareholders
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Name |
Subscription
Amount |
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Mijian
Shi |
11,400,000 |
Notes: The
information above is that of subject’s major shareholders.
Subsidiaries
& Branches
Subject did not register any subsidiaries or branches, from other source we
can not obtain the relevant information, either.
Personnel Information
|
1 |
|
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Name |
Mijian Shi |
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Position |
Director |
Personnel Structure
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Total Employees |
Less than 10 Employees |
Operation Information
Offices & Factories
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Headquarters
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|
Address: |
Production Information
l
Subject
doesn’t produce.
Purchase Information
l
The registered
activities of subject:
|
Business Code |
Details
|
|
1 |
Import
and export business and agent business, excluding futures |
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2 |
Import
and export of canned food, preserves, candy, cookies |
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3 |
Foreign
trade of vegetables, fruits and salted products |
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4 |
Import
and export business of jelly, beverages, condiments |
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5 |
Import
and export business of motor, electric insulating materials, engineering
plastics |
l
The subject purchases canned food, preserves, candy,
cookies, etc.
l
The subject purchases food and beverage both from domestic and
foreign markets.
l
The subject is mainly
engaged in sales of canned
food, preserves, candy, cookies.
l
Subject sells food and beverage both to domestic markets and
foreign markets.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase
(
|
Payment
Terms |
Proportion |
|
|
Canned food,
preserves, candy, cookies |
COD,
etc |
100% |
Foreign Purchase
|
Payment
Terms |
Proportion |
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|
Canned
food, preserves, candy, cookies |
CBD,
etc |
100% |
Sales
Domestic Markets
(
|
Sales
Terms |
Proportion |
|
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Canned food,
preserves, candy, cookies |
CBD,
etc |
100% |
Export
|
Sales
Terms |
Proportion |
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|
Canned
food, preserves, candy, cookies |
CBD,
etc |
100% |
Financial Information
|
Year |
Sales |
|
2010 |
About
USD 30,000,000 |
Bankers
|
Name |
Taiwan
Bank |
Public Record
Mortgage
No chattel mortgage
record of subject has been found within the recent 3 months.
Lawsuit
Up to date of reporting, no existing or latent litigation of the subject has been found.
Interview Details
|
Name |
Mr. Shi |
|
Position |
Director |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.22 |
|
|
1 |
Rs.72.25 |
|
Euro |
1 |
Rs.63.09 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
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 |
|
<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.