MIRA INFORM REPORT
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Report Date : |
15.06.2011 |
IDENTIFICATION DETAILS
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Name : |
TAIWAN PHARMATRADE CO., LTD. |
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Registered Office : |
1FL., No.269, Queen Ming St., Taipei City 10849 |
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Country : |
Taiwan |
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Date of Incorporation : |
15.05.1978 |
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Com. Reg. No.: |
30851506 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Sales of agricultural chemicals, etc |
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 50,000 |
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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
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Company Name: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and address are as above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
Taiwan Pharmatrade Co., Ltd. |
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Registered Address: |
1FL., No.269, Queen Ming St., Taipei City 10849, Taiwan |
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Date of Foundation: |
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Registration Number: |
30851506 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2011.06, 1 NTD = 0.0347 USD) |
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Legal Representatives: |
Donghuang Huang |
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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: |
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Date of Last
Annual Return: |
Notes: the staff number is estimated and only for
reference.
History
Subject was incorporated on
Shareholders
|
Name |
Subscription Amount |
|
Donghuang Huang |
3,000,000 |
The information
above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
Name |
Donghuang Huang |
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Position |
Director |
Personnel
Structure
|
Total Employees |
5-10 employees (estimated) |
Operation
Information
Offices
& Factories
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|
Headquarters |
|
Add |
Production
Information
l
Subject is a trader of agricultural chemicals without
any production activities
Purchase
Information
l
The registered activities of subject:
|
-- |
Import and
export business and other business about Foreign guarantee between the same
trade or
business Besides licensed business |
l
Subject is the agent for the following companies
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Region |
Suppliers |
Products |
|
Japan |
DENKA |
Calcium
Cyanamide fertilizers |
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Japan |
SHOKO |
Amino acid NPK
soil and liquid fertilizers. |
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Japan |
MINEHIRON |
NPK plus
microelements powder fertilizer and Mg-Mn-B plus microelements powder
fertilizers |
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Australia |
Agrichem |
about 10 kind of
their liquid fertilizers. |
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South Africa |
Ag Chem |
Copflo Super
copper fungicide |
|
India |
K. Sivaram Bros. |
Neem oil
products |
l
The subject is mainly engaged in sales of
agricultural chemicals, etc
l
Subject is the agent for some specific pesticide brands.
l
Subject’s products are mainly sold in domestic
market.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
Subject has little
purchase.
Foreign Purchase
|
Payment Terms |
Proportion |
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Agricultural chemicals, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Agricultural chemicals, etc |
CBD, COD, etc |
100% |
Export
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 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 declined to confirm whether Chang Hwa Commercial Bank Ltd Taipei Taiwan
Roc, Taiwan is its banker, 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.77 |
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UK Pound |
1 |
Rs.73.45 |
|
Euro |
1 |
Rs.64.55 |
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.