MIRA INFORM REPORT
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Report Date : |
02.12.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
SHEN CHWEN CO., LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
24.01.1994 |
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Com. Reg. No.: |
84671707 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Sales of Lighting Products, etc |
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No. of Employees
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Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Moderate |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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: |
Notes: Subject’s exact name and address are as above, and it is introduced that supplied name is the one for overseas business.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification
Details
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Registered Name: |
Shen Chwen Co., Ltd. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
84671707 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2011.11, 1 NTD = = 0.0329 USD) |
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Legal Representatives: |
Shenglang Huang |
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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 did not introduce its staff number; from other source we can not obtain the relevant information, either. The information on Date of Last Annual Return is not available.
History
Subject was incorporated on
Shareholders
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Name |
Subscription
Amount |
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Shenglang Huang |
2,000,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
Name |
Shenglang Huang |
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Position |
Director |
Operation
Information
Offices
& Factories
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|
Headquarters |
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Add |
l
Subject is a trader of Lighting Products without
any production activities itself.
Purchase
Information
l
The registered activities of subject:
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Business Code |
Details |
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1 |
Manufacture, processing and sales of plastic
injection products. |
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2 |
Manufacture, processing and sales of Bakelite
urea Products |
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3 |
Manufacture, processing and sales of extension
cord, lamps and
lanterns, rubber products, etc |
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4 |
Manufacture, processing and sales of toys and
Automobiles parts |
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5 |
Sales of materials for the above mentioned items |
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6 |
Import and export business for the above
mentioned items |
l
It is introduced that subject purchases lamps and
lanterns and other products mainly from its
cooperative manufactures in Taiwan and the mainland of China
l
The subject is mainly engaged in sales of lamps and
lanterns such as Recessed light, Track light, spot
light and search light, etc
l
Subject’s products are both sold in domestic and
overseas market.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
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Payment Terms |
Proportion |
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Lighting Products |
CBD, etc |
100% |
Foreign Purchase
Subject has little import business
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Lighting Products |
CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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Lighting Products |
CBD, etc |
100% |
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. Huang 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 its 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
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Name |
Mr. Huang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.65 |
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UK Pound |
1 |
Rs.81.06 |
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Euro |
1 |
Rs.69.51 |
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 |
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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.