MIRA
INFORM REPORT
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Report Date : |
06.12.2011 |
IDENTIFICATION DETAILS
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Name : |
RAY & ROD INTERNATIONAL LTD. |
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Registered Office : |
7th Floor, No.177, Yen Chi Street, Taipei, Taiwan 106 |
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Country : |
Taiwan |
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Date of Incorporation : |
15.02.2002 |
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Com. Reg. No.: |
13087676 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trader of stainless
steel products |
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No. of Employees : |
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 10,000 |
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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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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: |
Ray & Rod International Ltd. |
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Supplied Name: |
Ray And Rod International Ltd. |
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Trading Address: |
7th Floor, No.177, Yen Chi Street, Taipei, Taiwan 106, R.O.C. |
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Supplied Address: |
P O Box 108-130 Taipei |
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Telephone Number: |
+886-2-2740-8178 |
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Fax Number: |
+886-2-2775-5812 |
Notes: The exact subject’s name and address are as above mentioned.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
Notes: The subject declined to introduce its staff number.
History
Subject was incorporated on 2002-2-15 with registered
number 13087676 as Limited
Liability Company in Taiwan.
Shareholders
|
Name |
Subscription Amount |
|
Ruixuan Xu |
2,000,000 |
The information above
is that of subject’s major shareholders.
Subsidiaries & Branches
Personnel Information
Core
Management
Directors
|
Name |
Ruixuan Xu |
|
Position |
Director |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Add |
7th Floor, No.177, Yen Chi Street, Taipei, Taiwan 106, R.O.C. |
Production
Information
l
Subject is a trader of stainless steel products without any
production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International trade |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted |
Besides licensed business, all other business items those are not banned
or restricted.
l
The products for sale are mostly purchased from
Taiwan.
l
The subject is mainly engaged in sales of stainless steel products.
l
Subject’s main selling territory is foreign
markets.
l
Subject exports to Asian, European and American
countries.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Stainless
steel products |
COD, etc. |
100% |
Foreign Purchase
Notes: Subject seldom imports.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Stainless
steel products |
COD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
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Stainless
steel 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 Ms. Cai declined to disclose its financials
citing the grounds of company’s confidentiality; 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 |
Ms. Cai |
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E-mail |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.39 |
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|
1 |
Rs.80.20 |
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Euro |
1 |
Rs.68.92 |
RATING EXPLANATIONS
|
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 |
-- |
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.