MIRA INFORM REPORT
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Report Date : |
01.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
EXCEL CHEMICAL CORPORATION |
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Registered Office : |
Rm.A,C, 9fl., No.25, Sec.4, Jen Ai Rd., Taipei Taiwan R.O.C. |
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Country : |
Taiwan |
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Date of Incorporation : |
15.11.1989 |
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Com. Reg. No.: |
23531178 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of chemical such as lubricating
oil, etc |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 40,000 |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
|
Company Name: |
|
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Supplied Name: |
Excel Chemicals
Corporation |
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Trading Address: |
Rm.A,C, 9fl., No.25, Sec.4, Jen Ai Rd., Taipei Taiwan R.O.C. |
|
Supplied Address: |
25 |
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Telephone Number: |
+886-2-2741-5577 |
Notes: The exact name and address are as above.
Credit
Summary
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Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
Excel Chemical
Corporation |
|
Registered Address: |
Rm.A,C, 9fl.,
No.25, Sec.4, Jen Ai Rd., Taipei Taiwan R.O.C. |
|
Date of Foundation: |
|
|
Registration Number: |
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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 69,600,000) (As of 2011.06,
1 NTD = 0.0348 USD) |
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Paid-up Capital: |
NTD 1,380,665,000 (USD 48,047,142) |
|
Legal Representatives: |
Chengqing Wu |
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Legal Form: |
|
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Principal Activities: |
Manufacturing and sales of chemical
such as lubricating oil, etc |
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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
Awards
|
Year |
Awards |
|
2007 |
Blue chip
importer and exporter |
|
2008 |
Blue chip
importer and exporter |
|
2009 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2007 |
18,000,000 |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
Shareholders
|
Name |
Shares |
|
Da Zhan Investigate Co., Ltd |
17,943,662 |
|
Tai He Investigate Co., Ltd |
4,903,622 |
|
He Cheng Investigate Co.,
Ltd |
8,195,454 |
|
Zhao Feng International Business Co., Ltd |
8,308,036 |
Notes: The information above is that of subject’s
major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
Name |
Chengqing Wu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Suyue Yang |
|
Position |
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|
3 |
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|
Name |
Shangbin Wu |
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Position |
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|
4 |
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|
Name |
Peijuan Wu |
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Position |
Director |
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5 |
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|
Name |
Zhihong Huang |
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Position |
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6 |
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|
Name |
Peirong Wu |
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Position |
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7 |
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|
Name |
Zhongyi Li |
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Position |
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8 |
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|
Name |
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|
Position |
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9 |
|
|
Name |
Weiqian Chen |
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Position |
Director |
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10 |
|
|
Name |
Bingtang Guo |
|
Position |
|
|
11 |
|
|
Name |
Pinghe Liu |
|
Position |
Auditor |
|
12 |
|
|
Name |
Xichong Zhong |
|
Position |
Auditor |
Personnel
Structure
|
Total Employees |
More than 10 Employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
Rm.A,C, 9fl.,
No.25, Sec.4, Jen Ai Rd., Taipei Taiwan R.O.C. |
Production
Information
l
Subject produces chemical such
as lubricating oil, etc
Purchase
Information
l
The components and raw
material for production are mostly purchased from domestic markets.
l
The subject is mainly engaged in sales of chemical such as lubricating oil, etc.
l
The subject sells products around the world.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
Raw material |
Foreign Purchase
The subject seldom imports.
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
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Chemical |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Chemical |
CBD, etc |
100% |
Financial
Information
|
Year |
Sales |
|
2010 |
About USD 4,000,000 |
Bankers
|
Taiwan Bank |
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 |
Qixing Chen |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.72 |
|
UK Pound |
1 |
Rs.71.96 |
|
Euro |
1 |
Rs.64.79 |
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 |
|
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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.