MIRA
INFORM REPORT
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Report Date : |
20.12.2011 |
IDENTIFICATION DETAILS
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Name : |
PATRIOT MEMORY INC. |
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Registered Office : |
11F, |
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Country : |
Taiwan |
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Date of Incorporation : |
07.03.2005 |
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Com. Reg. No.: |
27631732 |
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Legal Form : |
Joint Venture |
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Line of Business : |
Trader of memory products, flash cards, SSD products, U disk products, etc. |
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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 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 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: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
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Telephone Number: |
+886-2-82280333 |
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Fax Number: |
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
Subject declined
to introduce its staff number.
History
Subject was incorporated on 2005-3-7 with registered number 27631732 as Joint Venture in Taiwan.
Awards
|
Year |
Awards |
|
2008 |
Blue chip importer and
exporter |
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2009 |
Blue chip
importer and exporter |
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2010 |
Blue chip
importer and exporter |
Shareholders
|
Name |
Subscription Shares |
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Jones Paul |
6,400,000 |
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Douglas |
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6,400,000 |
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Minmei Luo |
6,400,000 |
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Roger Shinomoto |
6,400,000 |
The information
above is that of subject’s major shareholders.
Personnel Information
Core
Management
Directors
|
1 |
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|
Name |
Jones Paul |
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Position |
Chairman |
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2 |
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Name |
Douglas |
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Position |
Director |
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3 |
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Name |
Minmei Luo |
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Position |
Director |
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4 |
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Name |
Roger Shinomoto |
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Position |
Supervisor |
Operation Information
Offices
& Factories
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|
Headquarters |
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Add |
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Production
Information
l
Subject is a trader of memory products, flash cards, SSD products, U disk products, etc. without any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CC01060 |
Manufacture of Wired communication machinery and
equipment |
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CC01070 |
Manufacture of Wireless communication machinery and equipment |
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CC01080 |
Manufacture of Electronic Components |
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CC01110 |
Manufacture of Computer and peripheral equipment |
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CC01120 |
Data storage media
manufacturing and reproduction |
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F113070 |
Wholesales of telecom equipment |
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F118010 |
Wholesales of Information Software |
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F119010 |
Wholesales of Electronic Components |
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F113050 |
Wholesales of Computer equipment and transactional |
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F213030 |
Retails of Computer equipment
and transactional |
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F213060 |
Retails of telecom equipment |
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F218010 |
Retails of Information Software |
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F219010 |
Retails of Electronic Components |
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F401010 |
International trade |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
The products for sale are purchased from America.
l
The subject has a
proportion of 100% for Import
l
The subject is mainly engaged in sales of memory products, flash cards, SSD products, U
disk products, etc.
l
Subject has both domestic
and foreign markets.
l
Subject exports to
Southeast Asian, and some other Asian countries, etc.
l
The subject has a
proportion of 50% for export.
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 |
|
|
Memory products, flash
cards, SSD products, U disk products, etc. |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
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Memory products, flash
cards, SSD products, U disk products, etc. |
CBD, COD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Memory products, flash
cards, SSD products, U disk products, etc. |
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. Xu 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. Xu |
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E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.96 |
|
|
1 |
Rs.82.04 |
|
Euro |
1 |
Rs.68.91 |
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 |
|
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 |
-- |
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.