MIRA INFORM
REPORT
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Report Date : |
19.08.2011 |
IDENTIFICATION DETAILS
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Name : |
LEGEND SUPPORTING INC |
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Registered Office : |
Not Available |
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Country : |
Taiwan |
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Year of Establishment : |
2003 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Offshore Banking Union(OBU) Company |
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Line of Business : |
Banking business, trading business |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 200,000 |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
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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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: |
Legend Supporting
Inc |
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Registered
Address: |
N/A |
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Date of
Foundation: |
2003 |
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Registration
Number: |
N/A |
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Registered in: |
Belize |
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Registered
Capital: |
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Legal
Representatives: |
N/A |
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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: |
The subject is an OBU company registered in Belize, so as far; we couldn’t obtain the
exact registered information.
History
Mr. Chu introduced that subject was founded in
Shareholders
The shareholder is
not available from the subject or other sources.
Subsidiaries &
Branches
Branch Companies
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1 |
|
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Name |
Nanjing Yuesheng Textile LTD(translated) |
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Address: |
No.68 Shanxi Road Nanjing Jiangsu Province,
China |
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Tel: |
+86 25-51861333 |
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Fax: |
+86 25-51861333 |
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Contact Person: |
Ms Clerk |
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Note: |
It has no factory, but it purchase from
Shengze, Shandong, etc. |
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2 |
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Address: |
Jiangyin, China |
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Note: |
It operates as a factory, and manufacturing
of regenerate polyester cotton. And the subject is cooperated with other
company. |
Personnel
Information
Core Management
|
Name |
Chu Chollin |
|
Position |
Managing Director |
Personnel Structure
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Total Employees |
Group 227
Employees |
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Nanjing Office: |
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Jiangyin Office: |
200 Employees |
Operation
Information
Offices & Factories
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Headquarters
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|
Add |
l
Subject
has 3 parts of business, except banking business, it has 2 trading business.
And the trading business the trading business supports the operation of banking
business.
l
Subject
introduced it is involved in banking business as an OBU company
l
Subject
introduced that it helps FORMOSA CHEMICALS & FIBRE CORPORATION to sell the products
from Taiwan to Mainland of China, and other countries, and it opens Letter of
Credit for overseas buyers.
l
And
during the business, the subject doesn’t disclose its name, the
l
And all
the businesses use USD to settle the accounts.
l
Subject
has another parts of operation are trading business.
l
Subject
introduced that it has 2 branches in Mainland of China, and they are trading of
varies of clothes.
l
A branch
in Nanjing has no factory, and it purchases the spinning cloth from Shengze,
Shandong, etc. And the products of it mainly sell to Europe.
l
And the
other branch is in Jiangyin. And subject invested it with other company. But
subject didn’t disclose the name of partner.
l
The
branch is mainly manufacturing the regenerate polyester cotton, and subject
sells the products both local China and overseas markets.
Settlements
Subject’s settlement is as same as the general trading settlement, such as COB, T.T in advance, and so on
Financial
Information
Subject has no
obligations to disclose its financial statements to the third party according
to the relevant policy in Taiwan and the only source from which we can obtain
the information is the subject itself.
Subject’s relevant staff
Mr. Chu introduced that
Banking Business
Part:
Unit: USD
|
|
2010 |
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Annual Sales |
100,000 |
Trading Business
Part in Nanjing
Unit: USD
|
|
2010 |
|
Annual Sales |
3,000,000 |
Trading Business
Part in Jiangyin:
Unit: CNY
|
|
2010 |
|
Annual Sales |
200,000,000 |
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. Chu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.61 |
|
UK Pound |
1 |
Rs.75.32 |
|
Euro |
1 |
Rs.65.68 |
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 |
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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 |
|
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 |
|
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.