MIRA INFORM REPORT
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Report Date : |
29.12.2011 |
IDENTIFICATION DETAILS
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Name : |
ARICO TECHNOLOGY CO., LTD. |
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Registered Office : |
8F., No.1, Alley 1, Lane
235, Baociao Rd., Xindian Dist., New Taipei City 231 |
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Country : |
Taiwan |
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Date of Incorporation : |
16.09.1987 |
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Com. Reg. No.: |
22639622 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trader of temperature controllers, solid state relay, pressure instrument, etc. |
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No. of Employees
: |
500 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 30,000 |
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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) |
|
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: |
8F No. 1, Alley 1, Lane 235 Taipel Country
231, Bacoia 1 Sindian City, Taiwan |
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Telephone Number: |
+886-2-29101266 |
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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
The staff number was obtained from public files, which was not confirmed by subject.
History
Subject was incorporated on 1987-9-16 with registered
number 22639622 as Joint Stock Company in Taiwan.
Shareholders
|
Name |
Subscription
Shares |
|
Dongyi Chen |
1,760,000 |
|
Nanzheng jiang |
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|
1,760,000 |
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Zongrong Li |
1,200,000 |
|
Jianye Li |
1,200,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Branch Companies
|
1 |
|
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Name |
Arico Technology Co., Ltd. Dong Guan Branch |
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Address |
2nd industrial
Park, Chiao Li Chang Wu , Dong Guan City |
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2 |
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Name |
Arico Technology Co., Ltd. Shanghai Branch |
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Address |
Room2104, No.9,
Aly.1283, Shansi N.Rd, Putuo, District, Shanghai |
Personnel
Information
Core
Management
|
1 |
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|
Name |
Dongyi Chen |
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Position |
Chairman |
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2 |
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Name |
Nanzheng jiang |
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Position |
Director |
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3 |
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Name |
Zongrong Li |
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Position |
Director |
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4 |
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Name |
Jianye Li |
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Position |
Director |
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5 |
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Name |
Yahui Yang |
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Position |
Supervisor |
Operation
Information
Offices
& Factories
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Headquarters |
|
Add |
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Production
Information
l
Subject produces temperature controllers, solid state relay, pressure instrument, etc.
l
Subject has its factory in Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Manufacture and trading of Temperature controller, timers, micro controller project |
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2 |
Agent of above the relevant
domestic and foreign firms tender offer products distribution business
(excluding futures) |
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 domestic and abroad.
l
The subject is mainly engaged in manufacturing and
trading of temperature controllers,
solid state relay, pressure instrument, etc.
l
Subject has both domestic and foreign markets.
l
The subject has a major
proportion for domestic markets.
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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Components and raw material |
COD, CBD, etc. |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Components and raw material |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Temperature controllers, solid state relay,
pressure instrument, etc. |
CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Temperature controllers, solid state relay, pressure
instrument, 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 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.
Notes: The woman who answered
the telephone declined to introduce her name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.21 |
|
UK Pound |
1 |
Rs.83.32 |
|
Euro |
1 |
Rs.69.51 |
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 |
|
<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.