MIRA INFORM REPORT
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Report Date : |
01.08.2011 |
IDENTIFICATION DETAILS
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Name : |
RIVER OCEAN ENTERPRISE CO LTD. |
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Registered Office : |
7F-1, No. 436, Sec 4, Ren Ai Road, Xinyi District, Taipei
110 |
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Country : |
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Date of Incorporation : |
28.02.1984 |
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Com. Reg. No.: |
21209547 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Sales of specialized
chemical products and feed additives,
etc |
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 60,000 |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Taiwan |
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: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact
address is as above.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
History
Subject was incorporated on
Shareholders
|
Subscription
Shares |
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Zichao
Zhang |
175,000 |
|
Huizhu
Chen |
175,000 |
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Jingquan
Xu |
25,000 |
|
Weijing
Zhang |
25,000 |
The information above is that of subject’s
major shareholders.
Subsidiaries
& Branches
Subject did not introduce whether it has any
subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Personnel Information
Core Management
Directors
|
1 |
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Name |
Zichao Zhang |
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Position |
Board Chairman |
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2 |
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Name |
Huizhu Chen |
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Position |
Director |
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3 |
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Name |
Jingquan Xu |
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Position |
Director |
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4 |
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Name |
Weijing Zhang |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
Over 10
employees |
Operation Information
Offices & Factories
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Headquarters
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Add |
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Production Information
l
Subject
is a trader of specialized chemical products and feed additives without any
production activities
Purchase Information
l
The
registered activities of subject:
|
1 |
Import and
export trading business and foreign guarantee business in the same industry |
|
2 |
Sales
business of Farming, fishery and livestock products, Construction Machinery
and Building Materials and Hardware, etc |
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3 |
Sales business
of chemicals except Poisonous and controlled products |
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4 |
Sales
business of Textile and Fiber products |
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5 |
Sales
business of food |
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6 |
Sales
business of feed. Feed additives and veterinary
drug. |
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7 |
Investment,
price quoting and sales business for domestic and overseas customers about
the above mentioned items except futures |
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8 |
Operation
and investment about the above mentioned items. |
l
It is
introduced that subject is the agent for certain foreign brands, while the
details are not disclosed
l
Subject
is mainly engaged in sales of specialized chemical products and feed additives.
l
Subject’s products include petrochemical down-stream
products, organic and inorganic chemicals,
fine chemicals, and dyestuffs. And subject also supplies livestock feed
additives, such as additives for swine, poultry, and aquatic feeds, etc
l
Subject’s
products are both sold in domestic and overseas market and it is introduce that
subject has global partners in America, Australia, China, Holland, Indonesia,
Japan, Malaysia, Philippines, Singapore, Thailand, Vietnam, etc.
Major products sold:
|
Agriculture
& Fertilizers |
Ammonium
Sulfate |
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Calcium
Phosphate, Dibasic (DCP) |
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Copper
Sulphate Pentahydrate |
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Diammonium
Phosphate |
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Dimethyl
Sulfate (DMS) |
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Dipotassium
Phosphate |
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Manganese
Sulfate |
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Monoammonium
Phosphate |
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Mono-Di-Calcium
Phosphate (MDCP) |
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Paraformaldehyde
92% |
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Potassium
Chloride |
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Zinc
Sulphate |
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Amines |
Cyclohexylamine |
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Diethanolamine
(DEA) |
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Monoethanolamine
(MEA) |
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Triethanolamine
(TEA) |
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Catalysts |
Aluminum
Potassium Sulphate |
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Catalysts |
Antimony
Triacetate |
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Antimony
Trioxide |
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Cobalt
Acetate |
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Cobalt
and Manganese Acetate Solution (CMA) |
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Cobalt
and Manganese Bromide Solution (CMB) |
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Copper
Oxide |
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Di-Acetone
Alcohol (DAA) |
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Dibenzoyl
Peroxide |
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Manganese
Acetate Tetrahydrate |
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p-Toluene
Sulfonic Acid (PTSA) |
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Detergents
& Surfactants |
Branched
Alkyl Benzene Sulfonic Acid (Dodecyl Benzene Sulfonic Acid) (DBSA) 96% |
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Calcium
Hypochlorite |
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Disodium
E.D.T.A |
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E.D.T.A.
Acid |
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Fatty
Alcohol Polyethylene Glycol Ether |
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Liner Alkyl
Benzene Sulfonic Acid (LBSA) 96% |
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Oxalic
Acid |
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Surfactants,
nonionic |
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Tetrasodium
E.D.T.A. |
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Dyestuffs |
Acid
Dyes |
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Basic
Dyes |
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Direct
Dyes |
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Disperse
Dyes |
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Reactive
Dyes |
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Glycols |
Diethylene
Glycol (DEG) |
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Mono Ethylene
Glycol (EG, MEG) |
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Triethylene
Glycol (TEG) |
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Industrial
Chemicals |
1,4-Butanediol |
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1,4-Butylene
Glycol |
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24
Di-Tertiary Butyl Phenol (24 DTBP) |
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26
Di-Tertiary Butyl Phenol (26 DTBP) |
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Acetal
Co-Polymer (POM) |
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Acetic
Acid, Glacial |
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Aluminum
Ammonium Sulphate |
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Ammonium
Perchlorate |
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Benzoic
Acid |
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Bisphenol-A |
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Branched
Alkyl Benzene Sulfonic Acid (Dodecyl Benzene Sulfonic Acid) (DBSA) 96% |
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Calcium
Carbonate |
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Carbon
Tetrachloride |
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Caustic
Soda (Sodium Hydroxide) |
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Cobaltous
Acetate |
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Cobaltous
Bromide |
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Cobaltous
Carbonate |
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Copper
Carbonate |
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Cumene
Hydroperoxide (CHP) |
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Di-Acetone
Alcohol (DAA) |
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Di-Butyl
Phthalate (DBP) |
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Di-Cumyl
Peroxide (DCP) |
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Diethanolamine
(DEA) |
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Diethylene
Glycol (DEG) |
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Dimethyl
Ether |
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Disodium
E.D.T.A |
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E.D.T.A.
Acid |
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Ethanolamine |
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EVA
emulsion (Vinyl Acetate-Ethylene Emulsion) |
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Ferrous
Chloride |
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Ferrous
Sulfate |
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Formaldehyde
37%, 44% |
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Fumaric
Acid |
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Hexamine |
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Iso-Butanol
(i-BA) |
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Isobutyl
Acetate (IBAC) |
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Isopropyl
Alcohol (IPA) |
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Magnesium
Sulfte |
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Maleic
Anhydride (MA) |
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Methyl
Chloride |
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Methyl
Ethyl Ketone (MEK) |
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Methyl
Isobutyl Ketone (MIBK) |
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Methyl
t-Butyl Ether (MTBE) |
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Methylene
Chloride |
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Mono
Ethylene Glycol (EG, MEG) |
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Monoethanolamine
(MEA) |
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MPO
(2-Methyl-1, 3-Propanediol) |
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n-Butyl
Acetate (n-BAC) |
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Nonyl
Phenol (NP) |
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Normal-Butanol
(n-BA) |
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n-Propanol |
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n-Propyl
Acetate (n-PAC) |
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n-Propyl
Alcohol (NPA) |
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Oxalate
Ferrous |
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Paraffins
Chlorinated |
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Paraformaldehyde
92% |
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Phosphoric
Acid (85%, Tech) |
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Phthalic
Anhydride (PA) |
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Pine
Oil |
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Polyethylene
Glycol (PEG) |
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Polyethylene
Glycol Ether |
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Polyvinyl
Acetate Emulsion |
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Polyvinyl
Alcohol (PVA) |
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Polyvinyl
Butyral |
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Potassium
Phosphate (Monobasic, Dibasic) |
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Potassium
Sulphate |
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Propylene
Glycol Monomethyl Ether Acetate (PMA) |
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p-Toluene
Sulfonic Acid (PTSA) |
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Sodium
Formate |
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Sodium
Persulfate |
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Sodium
Phosphate (Monobasic, Dibasic) |
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Sodium
p-Toluene Sulfonate |
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Sodium
Sulphate |
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Sodium
Xylene Sulfonate |
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Starches
(Textiles, Dry battery, Papers) |
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Sulfamic
Acid |
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Tetrasodium
E.D.T.A. |
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THF
(Tetrahydrofuran) |
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Titanium
Dioxide |
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Triethanolamine
(TEA) |
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Triethylene
Glycol (TEG) |
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Tri-Octyl
Trimellitate (TOTM) |
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Vanadium
Pentoxide |
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Vinyl
Acetate Monomer (VAM) |
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Xylene
Sulfonic Acid |
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Zinc
Chloride |
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Zinc
Oxide |
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Minerals |
Mica
Powder |
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Mono-Di-Calcium
Phosphate (MDCP) |
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Rock
Phosphate |
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Mining |
Sodium
Cyanide (NaCN) 98% min |
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Oil
Drilling Chemicals |
Barite |
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Barium
Sulfate |
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Bentonite |
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Calcium
Chloride |
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Caustic
Soda |
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CMC |
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Furfural |
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Soda
Ash |
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Sodium
Bicarbonate |
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Triethylene
Glycol (TEG) |
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Xanthan
Gum |
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Paints Industrial |
Cobalt
Acetate Tetrahydrate |
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Isopropyl
Alcohol (IPA) |
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Lead
Oxide, Red |
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Litharge |
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Manganese
Acetate Tetrahydrate |
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Polyvinyl
Butyral |
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Plasticizers
& Stabilizer |
Barium
Stearate |
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Cadmium
Stearate |
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Calcium
Stearate |
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Di-Isodecyl
Phthalate (DIDP) |
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Di-Isononyl
Phthalate (DINP) |
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Di-Octyl
Adipate (DOA) |
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Di-Octyl
Phthalate (DOP) |
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Epoxidized
Soybean Oil (ESO) |
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Mono
Type Stabilizer |
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Tri-Octyl
Trimellitate (TOTM) |
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Zinc
Stearate |
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Resins |
Epoxy
Resins |
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Furan
Resins |
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Paper
Strength Resins |
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Petroleum
Resins |
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Phenolic
Resins |
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Resins
Industrials Chemicals |
Bisphenol-A |
|
Diethylene
Glycol (DEG) |
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Formaldehyde
37%, 44% |
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Fumaric
Acid |
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Furfuryl
Alcohol |
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Hexamine |
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Maleic Anhydride
(MA) |
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Melamine
Resin Moulding Compounds |
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Melamine,
Refined |
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Mono
Ethylene Glycol (EG, MEG) |
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Paraformaldehyde
92% |
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Pentaerythritol
98% |
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Phenol |
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Phenolic
resin moulding Compounds |
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Phthalic
Anhydride (PA) |
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Trimethylol
Propane (TMP) |
|
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Solven |
Acetone
(Simethyl Ketone, DMK, Propanone) |
|
Butyl
Cellosolve (BCS, Ethylene Glycol Monobutyl Ether) |
|
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Cyclohexanone
(ANONE) |
|
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Di-Acetone
Alcohol (DAA) |
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Ethyl
Acetate |
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Isobutyl
Alcohol |
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Isobutyl
Alcohol (ISOBUTANOL) |
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Isopropyl
Alcohol (IPA) |
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Methyl
Ethyl Ketone (MEK) |
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Methyl
Isobutyl Ketone (MIBK) |
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Methylene
Chloride |
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n-Butyl
Acetate (n-BAC) |
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Normal
Butyl Alcohol |
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Water
Treatment Chemicals |
Copper
Carbonate |
|
Copper
Sulphate Pentahydrate |
|
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Ferrous
Sulfate |
|
|
Feed
Additives |
Active
Yeast Powder |
|
Enzyme |
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Fish
Soluble Liquid |
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Fish
Soluble Paste |
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Fish
Soluble Powder |
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Shrimp
Shell Meal |
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Squid
Liver Meal |
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Squid
Liver Oil |
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Squid
Liver Paste |
|
|
Minerals
For Feed |
Copper Sulphate
Pentahydrate |
|
Dicalcium
Phosphate (DCP) |
|
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Manganous
Oxide |
|
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Monidicalcium
Phosphate (MDCP) |
|
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Monopotassium
Phosphate (MKP) |
|
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Monosodium
Phosphate (MSP) |
|
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Zinc
Sulphate Monohydrate |
|
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Acidifier |
Fumaric
Acid |
|
Other |
Beta-Carotene |
|
Brine
Shrimp Flakes |
|
|
Bromelain |
|
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Calcium
Lacate |
|
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Chlorella |
|
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Spirulina |
Settlements
Purchase
Domestic
Purchase
|
Payment
Terms |
Proportion |
|
|
Specialized
chemical products and feed additives |
COD,
etc |
100% |
Foreign
Purchase
|
Payment
Terms |
Proportion |
|
|
Specialized
chemical products and feed additives |
CBD,
etc |
100% |
Sales
Domestic
Markets
|
Sales
Terms |
Proportion |
|
|
Specialized
chemical products and feed additives |
COD,
etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Specialized
chemical products and feed additives |
CBD,
etc |
100% |
Notes:
Subject’s
detailed settlement is to be negotiated.
Financial Information
Subject has no obligations
to disclose its financial statements to the third party according to the
relevant policy in
Subject’s relevant
staff declined to disclose its financials citing the grounds of company’s
confidentiality; from other source we can not obtain the relevant information,
either.
Bankers
Subject declined to
disclose is bank details, from other source we can not obtain the relevant
information, either.
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. Xu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.16 |
|
|
1 |
Rs.72.10 |
|
Euro |
1 |
Rs.63.10 |
RATING EXPLANATIONS
|
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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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.