MIRA INFORM REPORT

Report Date :

27.06.2011

IDENTIFICATION DETAILS

Name :	DA YI HANG CO., LTD.

Registered Office :	3F., No.7, Sanmin St., Sanchong Dist., New Taipei City 241, Taiwan (R.O.C.)

Country :	Taiwan

Date of Incorporation :	01.11.1984

Com. Reg. No.:	36279871

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturing and sales of glue

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 60,000

Status :	Moderate

Payment Behaviour :	No Complaints

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 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Taiwan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Contact Points

Company Name:	Da Yi Hang Co., Ltd.
Supplied Name:	DA Yihang Co Ltd.
Trading Address:	3F., No.7, Sanmin St., Sanchong Dist., New Taipei City 241, Taiwan (R.O.C.)
Supplied Address:	3F No 7 San Min St Sanchong City Taipei County 24161 ,Taiwan
Telephone Number:	+886-2-29883885
Fax Number:	+886-2-29860952

Credit Summary

Credit Rating:	Maximum credit USD 60,000
Credit Opinion:	Business connections are permissible.

Company Identification Details

Registered Name:	Da Yi Hang Co., Ltd.
Registered Address:	3F., No.7, Sanmin St., Sanchong Dist., New Taipei City 241, Taiwan (R.O.C.)
Date of Foundation:	1984-11-3
Registration Number:	36279871
Registry:	New Taipei City Government
Registered Capital:	NTD 10,000,000 (USD 345,000) (As of 2011.06, 1 NTD = 0.0345 USD)
Legal Representatives:	Chunfu Li
Legal Form:	Private Limited Liability Company
Principal Activities:	Manufacturing and sales of glue
Staff:	More than 10 Employees
Listed at Stock Exchange:	No
Date of Last Annual Return:	2006-7-4

History

Subject was incorporated on 1984-11-3 with registered number 36279871 as Private Limited Liability Company in Taiwan.

Shareholders

(Unit: NTD)

Name	Subscription Amount
Chunfu Li	10,000,000

Notes: The information above is that of subject’s major shareholders.

Subsidiaries & Branches

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Personnel Information

Core Management

Directors

1
Name	Chunfu Li
Position	Director

Personnel Structure

Total Employees

More than 10 Employees

Operation Information

Offices & Factories

	Headquarters
Add	3F., No.7, Sanmin St., Sanchong Dist., New Taipei City 241, Taiwan (R.O.C.)

Production Information

Subject produces glue.

The subject produces in Taiwan.

Purchase Information

The components and raw material for production are mostly purchased from domestic markets.

Sales Information

The subject is mainly engaged in sales of glue.

The subject sells products both in domestic markets and foreign markets.

Import and export right:

Import right	Yes
Export right	Yes

Settlements

Purchase

Domestic Purchase (Taiwan and Mainland, China)

Product	Payment Terms	Proportion
Raw materials	COD, etc	100%

Foreign Purchase

The subject seldom imports.

Sales

Domestic Markets (Taiwan)

Product	Sales Terms	Proportion
Glue	CBD, etc	100%

Export

Product	Sales Terms	Proportion
Glue	CBD, etc	100%

Financial Information

Year	Sales
2010	About USD 6,000,000

Notes: The information is from introduction of the subject.

Bankers

Name	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

Chunfu Li

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.94
UK Pound	1	Rs.71.89
Euro	1	Rs.64.09

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
----	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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.