MIRA INFORM REPORT
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Report Date : |
08.12.2011 |
IDENTIFICATION DETAILS
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Name : |
TOPCELL SOLAR INTERNATIONAL CO., LTD. |
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Formerly Known As : |
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Registered Office : |
No.1560, Sec. 1, Zhongshan Rd., Guanyin Township, Taoyuan County 32852 |
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Country : |
Taiwan |
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Date of Incorporation : |
29.12.2009 |
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Com. Reg. No.: |
25098424 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of solar cells |
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No. of Employees
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1000
Persons |
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 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: |
No.1560, Sec. 1, Zhongshan Rd., Guanyin
Township, Taoyuan County 32852, Taiwan (R.O.C.) |
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Supplied Address: |
No. 1560 Section 1, Zhongshang Rd. Guanyin
Township Taoyuan County, Taiwan |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes:
The supplied address is incomplete, and the exact name is as above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
Topcell Solar International Co., Ltd. |
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Registered Address: |
No.1560, Sec. 1, Zhongshan Rd., Guanyin Township, Taoyuan County 32852,
Taiwan (R.O.C.) |
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Date of Foundation: |
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Registration Number: |
25098424 |
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Registry: |
Department of Commerce, Ministry of Economic Affairs,
R.O.C. |
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Registered Capital: |
NTD 2,000,000,000 (USD 65,821,100) (As of 2011.12, 1 NTD = 0.03291 USD) |
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Paid-up Capital: |
NTD 1,613,665,000 (USD 53,106,600) |
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Legal Representatives: |
Chuanfang Shen |
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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: |
History
Subject was incorporated on
Change of Name
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Former Chinese
Name |
泓昌光電股份有限公司 (Optical Co., Ltd. Hong Chang) |
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Current Chinese
Name |
聯景光電股份有限公司 (Union Optical Co., Ltd. King) |
Awards
|
Year |
Awards |
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2010 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
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Year |
Amount |
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2010 |
18,000,000 |
Shareholders
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Subscription Number |
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Topcell Solar New
Investigation |
82,382,800 |
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Canghai Lin |
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2,834,562 |
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Zhiyu Chen |
2,285,927 |
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Qingquan Ye |
1,432,500 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
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1 |
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Name |
Chuanfang Shen |
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Position |
Board Chairman |
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2 |
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Name |
Canghai Lin |
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Position |
Director |
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3 |
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Name |
Bowen Huang |
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Position |
Director |
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4 |
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Name |
Junlin Lai |
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Position |
Director |
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5 |
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Name |
Zhiyu Chen |
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Position |
Supervisor |
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5 |
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Name |
Qingquan Ye |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 1,000 Employees |
Operation
Information
Offices
& Factories
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|
Headquarters |
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Add |
No.1560, Sec. 1, Zhongshan Rd., Guanyin Township, Taoyuan County 32852,
Taiwan (R.O.C.) |
Production
Information
l
Subject is a manufacturer of solar cells with the
production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F113110 |
Wholesale of Cells |
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F213110 |
Retail of Cells |
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F401010 |
International Trade |
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IG03010 |
Energy technology service industry |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The components and raw material for production are purchased
from both local and abroad.
l
Subject is mainly involved in manufacturing and
trading of solar cells.
l
Subject introduced that the types of the solar
cells are mainly 6 Multicystalline Solar cells and 6 Monocrystalline Solar
Cells.
l
Subject’s selling territory covers all over the
worlds
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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The components and raw material |
CBD, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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The components and raw material |
L/C,T.T, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Solar Cells. |
CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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Solar Cells. |
L/C,T.T, 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. Chen declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Bankers
The bankers’ information is not available from the subject or other
sources.
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. Chen |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.45 |
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UK Pound |
1 |
Rs.80.38 |
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Euro |
1 |
Rs.69.12 |
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.