MIRA INFORM REPORT

Report Date :

21.12.2011

IDENTIFICATION DETAILS

Name :	KEMFLO INTERNATIONAL CO., LTD.

Registered Office :	No.3, Huan-Dong Street, Da-Zhou, Pingtung

Country :	Taiwan

Date of Incorporation :	13.06.1981

Com. Reg. No.:	90765596

Legal Form :	Stock Company

Line of Business :	Manufacturing of housings, RO water treatment systems, water coolers, small equipment components, plastics products, etc.

No. of Employees :	600 Employees

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 300,000
Status :	Satisfactory
Payment Behaviour :	No Complaints
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^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Taiwan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Contact Points

Company Name:	Kemflo International Co., Ltd.
Supplied Name:	Kemflo International Co Ltd.
Trading Address:	No.3, Huan-Dong Street, Da-Zhou, Pingtung, Taiwan R.O.C.
Supplied Address:	No. 3 Huan East St. Dazhou Pingtung Taiwan.
Telephone Number:	+886-8-7524736
Fax Number:	+886-8-7531524
E-mail:	kemflo@ms16.hinet.net

Notes:

The accurate name and address are shown as above.

Credit Summary

Credit Rating:	Maximum credit USD 300,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	Kemflo International Co., Ltd.
Registered Address:	No.3, Huan-Dong Street, Da-Zhou, Pingtung, Taiwan R.O.C.
Date of Foundation:	1981-06-13
Registration Number:	90765596
Registry:	Export Processing Zone Administration, MOEA
Registered Capital:	NTD 724,000,000; (USD 23,625,300) (As of 2011.12, 1 NTD = 0.03263 USD)
Paid-up Capital:	NTD 724,000,000; (USD 23,625,300)
Legal Representatives:	Qingxiong Lin
Legal Form:	Stock Company
Principal Activities:	Manufacturing of housings, RO water treatment systems, water coolers, small equipment components, plastics products, etc.
Staff:	About 600 Employees
Listed at Stock Exchange:	No
Date of Last Annual Return:	2010-11-29

History

Subject was incorporated on 1981-06-13 with registered number 90765596 as Stock Company in Taiwan.

Awards

Year	Awards
2010	Blue chip importer and exporter
2009	Blue chip importer and exporter
2008	Blue chip importer and exporter

Shareholders

Name	Subscription Shares
Qingxiong Lin	196,950
Xiaolun Yan
72,900
Yujun Lin	150

The information above is that of subject’s major shareholders.

Subsidiaries & Branches

Related Companies

1
Name	CHAANG CHERNG CO., LTD.
Address:	No. 103, Lane 14, Chung Hwa Rd., Dashe Township, Kaohsiung Hsien.
Phone:	+886-7-3550141
Fax:	+886-7-3521360, 7-3544787
2
Name	ALL PERFECT CO., LTD.
Address:	No. 22, Lane 332, Ching Cheng Rd., Taichung
Phone:	+886-4-23273611
Fax:	+886-4-23273618
3
Name	CHINLEAD INTERNATIONAL CORP.
Address:	4th Fl., No. 180, Chung Hsiao E. Rd., Sec. 4, R.O.C., Taipei
Phone:	+886-2-27115812
Fax:	+886-2-27716102
4
Name	OPALS CHEMICAL TECHNOLOGY CO., LTD.
Address:	25Fl., No.510, Sec. 5, Zhongxiao E Rd., Taipei
Phone:	+886-2-27598522
Fax:	+886-2-27598519
5
Name	ANCHOR INTERNATIONAL ENTERPRISE CO., LTD.
Address:	2F, 371, Sec. 1, Win-Sin Rd., R.O.C., Taichung
Phone:	+886-4-22597766
Fax:	+886-4-22597722

Other Office

Name	Kemflo International Co., Ltd.
Address:	Nan Jing
Phone:	+25-5278-1055

Personnel Information

Core Management

1
Name	Qingxiong Lin
Position	President
Date of Appointment	1984-11-01
2
Name	Xiaolun Yan
Position	Director
3
Name	Yujun Lin
Position	Director
4
Name	Yushi Lin
Position	Supervisor

Operation Information

Offices & Factories

	Headquarters
Address	No.3, Huan-Dong Street, Da-Zhou, Pingtung, Taiwan R.O.C.

Production Information

l Subject is a manufacturer of housings, RO water treatment systems, water coolers, small equipment components, plastics products, etc.

Purchase Information

l The registered activities of subject:

Business Code	Details
C501010	Lumber Industry
C802120	Additive Manufacturing Industry
C805010	Manufacturing of plastic leather, cloth, plate, pipe.
CB01990	Manufacturing of other machinery
C805030	Manufacturing of plastic commodity
C805050	Manufacturing of industrial and plastic products.
C805070	Manufacturing of reinforced plastic products
CB01010	Manufacturing of machinery and equipment
CB01030	Manufacturing industry of pollution control equipment
CC01030	Manufacturing of audio-visual, electrical and electronic products.
C501990	Manufacturing of other wood products
E301010	Water treatment engineering
E604010	Mechanical installation industry
E601020	Electrical installation industry
F111090	Wholesaling of building materials
ZZ99999	In addition to the business license, the prohibited or restricted business law of the business

l The components and material for production are mostly purchased from the domestic market.

Sales Information

l Subject is a manufacturer of housings, RO water treatment systems, water coolers, small equipment components, plastics products, etc.,

l Subject sells the products both to the domestic market and overseas market.

Major Products sold:

	Product
1	Filtering machinery parts
2	Taps
3	Plastic articles

Import and export right:

Import right	Yes
Export right	Yes

Settlements

Purchase

Domestic Purchase

Product	Payment Terms	Proportion
Water coolers, small equipment components, plastics products, etc	COD, Credit Sales, etc	100%

Foreign Purchase

Product	Payment Terms	Proportion
Water coolers, small equipment components, plastics products, etc	CBD, etc	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
Water coolers, small equipment components, plastics products, etc	COD, etc	100%

Export

Product	Sales Terms	Proportion
Water coolers, small equipment components, plastics products, etc	L/C, etc

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.Wu 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 did not introduce its bank details; from other source we cannot obtain the relevant information, either.

Public Record

Mortgage

No chattel mortgage record of subject has been found within the recent 3 months.

Lawsuit

1
Referee size:	92, Ping Jian,109
Date of Referee:	940323
Reason of Referee:	Compensation of damage.
2
Referee size:	93, Ping Jian, 42
Date of Referee:	930405
Reason of Referee:	Confirming the existence of the relationship with employment.

Interview Details

Name

Ms.Wu

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.03
UK Pound	1	Rs.82.34
Euro	1	Rs.68.99

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
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
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
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
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
----	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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.