MIRA INFORM REPORT
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Report Date : |
12.12.2011 |
IDENTIFICATION DETAILS
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Name : |
ELANC CHEMICAL CO., LTD. |
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Registered Office : |
No.10-1, Alley 1, Lane 78, Chang An W. Rd. Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
17.04.1974 |
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Com. Reg. No.: |
4449121 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Import and trading
of health
& beauty products, etc. |
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No. of Employees
: |
About 10 Employees |
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 20,000 |
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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
|
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: |
+886-2-25319022 |
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification
Details
History
Subject was incorporated on 1974-4-17 with registered
number 4449121 as Private
Limited Liability Company in Taiwan.
Shareholders
|
Name |
Subscription
Amount |
|
Yudong Du |
2,400,000 |
The information above is that of subject’s major shareholders.
Personnel
Information
Core
Management
|
Name |
Yudong Du |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 10 Employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
Production
Information
l
Subject is a trader of health & beauty
products, etc. without any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F102990 |
Wholesale of other food products (food additives) |
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F103010 |
Wholesale of feed |
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F107030 |
Wholesale of cleaning supplies |
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F107070 |
Wholesale of animal drugs |
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F107080 |
Wholesale environmental sanitation agent |
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F108021 |
Wholesale of medicine |
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F108040 |
Wholesale of beauty products |
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F202010 |
Retails of feed |
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F207030 |
Retails of cleaning supplies |
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F207070 |
Retails of animal drugs |
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F207080 |
Retails of herbicides |
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F208021 |
Retails of medicine |
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F208040 |
Retails of beauty products |
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F401010 |
International trade |
Besides licensed business, all other business items those are not banned
or restricted.
l
The products are mostly purchased from abroad.
l
The subject is mainly engaged in trading of health
& beauty products, etc.
l
The subject’s main selling territory is domestic
markets.
l
Subject seldom exports.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
Notes: Subject seldom purchases from domestic markets.
Foreign Purchase
|
Payment Terms |
Proportion |
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Health & beauty products, etc. |
CBD, etc. |
100% |
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
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Health & beauty products, etc. |
COD, etc. |
100% |
Export
Notes: Subject seldom exports.
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. Liu 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 |
Mr. Liu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.23 |
|
UK Pound |
1 |
Rs.81.55 |
|
Euro |
1 |
Rs.69.60 |
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 |
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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 |
|
<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.