MIRA
INFORM REPORT
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Report Date : |
13.06.2011 |
IDENTIFICATION DETAILS
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Name : |
CHING MATERIAL TECHNOLOGY CO., LTD. |
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Registered Office : |
4F, No. 28, LN 361, Fuxing N Road, Songshan Dist: Taipei 105 |
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Country : |
Taiwan |
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Date of Incorporation : |
14.06.2010 |
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Com. Reg. No.: |
25137762 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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) |
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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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Supplied Address: |
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Telephone Number: |
Subject’s relevant staff Ms. Zhu declined subject’s trading address, and
she only introduced that subject is in Xindian District. The supplied address
is that of subject’s cooperative accounting company.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Subject declined to disclose any
information, in view of the absence of information about subject’s financial
status, caution should be exercised. |
Special Notes
We tried to contact subject
according to the phone number +886-952704686 obtained from registration files,
we were transferred to Answering Machine.
We tried to contact subject’s accounting company based on the supplied
address through the phone number +886-2-2718-6688 and the relevant staff gave
us another phone number of subject as +886-2-2917-9026.
We called the number and subject’s relevant staff Ms. Zhu only confirmed
subject’s trading address is in Xindian District, and subject is an agent of
coatings, but she declined to disclose any other information of subject
including the detailed trading address.
We did not find any operation information or other contact information of
subject from public files according to the supplied name or address, either.
We found the registration information of subject from local registry,
supplying as follows for reference.
Company Identification Details
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Registered Name: |
Ching Material
Technology Co., Ltd. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
25137762 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2011.06, 1 NTD =
0.035 USD) |
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Paid-up Capital: |
NTD 5,000,000 (USD
175,000) |
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Legal Representatives: |
Jingcheng Chen |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock Exchange: |
History
Subject was incorporated on
Shareholders
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Name |
Subscription
shares |
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Jingcheng Chen |
100,000 |
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Ziyuan Chen |
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|
200,000 |
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Lanqi Qiu |
200,000 |
The information
above is that of subject’s major shareholders.
Subsidiaries & Branches
Subject did not introduce
whether it has any subsidiaries or branches, from other source we can not
obtain the relevant information, either.
Personnel Information
Core
Management
Directors
|
1 |
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|
Name |
Jingcheng Chen |
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Position |
Board Chairman |
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2 |
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Name |
Ziyuan Chen |
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Position |
Director |
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3 |
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Name |
Lanqi Qiu |
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Position |
Director |
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4 |
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Name |
Zhenyu Lin |
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Position |
Supervisor |
Operation Information
Subject declined to
disclose its detailed trading address.
l
The registered activities of subject:
|
Business Code |
Details |
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F401010 |
International
Trading Busimess |
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F107020 |
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F207020 |
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F107010 |
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F207010 |
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F107200 |
Wholesales of
chemical materials |
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F207200 |
Retails of chemical
materials |
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F107170 |
Wholesales of
Industrial additives |
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F207170 |
Retails of
Industrial additives |
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F107990 |
Wholesales of
other chemicals |
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F207990 |
Retails of other
chemicals |
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F107030 |
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F207030 |
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F109070 |
Wholesales of
cultural and educational instrument recreational supplies |
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F209060 |
Retails of
Cultural and educational instrument recreational supplies |
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F107060 |
Wholesales of
Toxic chemicals |
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F207060 |
Retails of Toxic
chemicals |
l
Ms. Zhu introduced that subject is the agent of
certain coating brands in Taiwan, while she declined to disclose any details.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Ms. Zhu declined to disclose its settlement information; from other
source we can not obtain the relevant information, either.
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. Zhu 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’s relevant staff
Ms. Zhu declined to bank details; 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 |
Ms. Zhu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.72 |
|
|
1 |
Rs.72.93 |
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Euro |
1 |
Rs.64.72 |
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 |
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<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.