MIRA INFORM REPORT
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Report Date : |
09.07.2011 |
IDENTIFICATION DETAILS
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Name : |
EAST EXCEL ENTERPRISE CO., LTD. |
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Registered Office : |
1F, No.10-1, Alley 16, Lane 553, Sec.4, Chung Hsiao E.
Rd., Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
30.09.1992 |
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Com. Reg. No.: |
86864481 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesales of print consumables, 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 60,000 |
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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 |
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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
Notes: Subject’s exact name and address are as
above.
Credit
Summary
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Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
East Excel
Enterprise Co., Ltd. |
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Registered
Address: |
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Date of
Foundation: |
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Registration
Number: |
86864481 |
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Registry: |
Taipei City
Government |
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Registered
Capital: |
(As of 2011.07, 1
NTD = 0.0348 USD) |
|
Legal
Representatives: |
Xueru Ye |
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Legal Form: |
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Principal
Activities: |
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Staff: |
About 50
employees (Taiwan Factory) |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
History
Subject was incorporated on
Shareholders
|
Name |
Subscription
Amount |
|
Xueru
Ye |
2,200,000 |
The information above is that of subject’s major
shareholders.
Subsidiaries &
Branches
It is introduced that subject has a factory
in Taiwan, while the details are not disclosed.
Personnel
Information
Core Management
|
Name |
Xueru Ye |
|
Position |
Director |
Personnel Structure
|
Total Employees |
7 employees (Taipei Office) About 50 employees (Taiwan Factory) |
Operation
Information
Offices & Factories
|
|
Headquarters
|
|
Add |
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Production Information
l
Subject
is a trader of print consumables without any production activities
Purchase Information
l
The
registered activities of subject:
|
1 |
General
import and export trading business |
|
2 |
Sales,
import and export business printing materials and Pollution Controlling
Equipment |
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3 |
Sales,
maintenance and import and export business |
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4 |
Price
quoting and bidding service of the above mentioned products for both
domestic and overseas manufacturer. |
l
Subject purchases both at home and abroad and
subject has cooperative suppliers in Shanghai, China, etc
l
It is introduced that subject is the agent of DSC,
etc.
Sales Information
l
The subject is mainly engaged in sales of print
consumables including blanket, Chemicals, etc
l
Subject’s products are both sold in domestic and
overseas market, it is introduced that subject’s customers has to assume the transportation charge.
Import and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase
|
Payment
Terms |
Proportion |
|
|
Print Consumables, etc |
CBD,
etc |
100% |
Foreign
Purchase
|
Payment
Terms |
Proportion |
|
|
Print Consumables, etc |
CBD,
etc |
100% |
Sales
Domestic
Markets
|
Sales
Terms |
Proportion |
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|
Print Consumables, etc |
CBD,
etc |
100% |
Export
|
Sales
Terms |
Proportion |
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|
Print Consumables, etc |
CBD,
etc |
100% |
Notes: Subject’s settlement for export is generally
in USD
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. Zhou declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Bankers
|
Name |
Hua Nan Bank |
|
Address |
Taiwan |
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
|
UK Pound |
1 |
Rs.70.74 |
|
Euro |
1 |
Rs.63.65 |
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 |
|
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.