MIRA INFORM REPORT
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Report Date : |
03.05.2011 |
IDENTIFICATION DETAILS
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Name : |
CHANG CHUNG CEREAL CO., LTD. |
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Registered Office : |
1Fl., No.49, Sec.3, Hoping W. Rd., Taipei, Taiwan, R.O.C. |
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Country : |
Taiwan |
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Date of Incorporation : |
22.08.1973 |
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Com. Reg. No.: |
4528390 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Import of soy bean and sesame |
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 20,000 |
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Status : |
Small Company |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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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Trading Address: |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
Notes: The exact address is 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: |
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Registered
Address: |
1Fl., No.49, Sec.3, Hoping W. Rd., Taipei,
Taiwan, R.O.C. |
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Date of
Foundation: |
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Registration
Number: |
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Registry: |
Taipei City Government |
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Registered
Capital: |
NTD 60,000,000 (USD 2,070,000) (As of 2011.04, 1 NTD = 0.0345 USD) |
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Paid-up Capital: |
NTD 60,000,000 (USD 2,070,000) |
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Legal
Representatives: |
Minzhu Qiuchen |
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Legal Form: |
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Principal
Activities: |
Import
of soy bean and sesame |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Notes:
The subject declined to
disclose its staff number.
History
Subject was incorporated on
Shareholders
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Name |
Subscription Shares |
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750,000 |
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860,000 |
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1,950,000 |
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430,000 |
Notes:
The information above is
that of subject’s major shareholders.
Subsidiaries
& Branches
Personnel Information
Core Management
|
1 |
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Name |
Minzhu Qiuchen |
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Position |
Board Chairman |
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2 |
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Name |
Yiqing Ye |
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Position |
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3 |
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Name |
Guohua Qiu |
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Position |
Director |
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4 |
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Name |
Shusheng Ye |
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Position |
Auditor |
Operation Information
Offices & Factories
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Headquarters
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Add |
Production Information
l
Subject
is a trader of soy bean and sesame
without any production.
Purchase Information
l
The
registered activities of subject:
|
Business Code |
Details
|
|
1 |
Trading
of every kind of soy bean, wheat, flour, barley, peanut, sweet potato starch,
tapioca, sorghum, corn and cooking oil
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2 |
Manufacturing,
processing and trade of minor cereals plastic
package vessel, plastic bag, plastic cask, |
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3 |
Related
import and export business (except permitted business) |
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A102061 |
Grain
Business |
l
The
subject purchases soy
bean and sesame.
l
The soy bean is used to germinate.
l
The subject purchases from foreign markets such as
India.
l
The subject
is mainly engaged in sales of soy bean and sesame.
l
The subject only sells products in Taiwan
Import and export right:
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Import
right |
Yes |
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Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase (Taiwan and Mainland, China)
The subject seldom purchases from domestic
markets.
Foreign
Purchase
|
Payment
Terms |
Proportion |
|
|
Soy bean and sesame |
Sales
Domestic
Markets (Taiwan)
|
Sales
Terms |
Proportion |
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Soy bean and sesame |
CBD, 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’s relevant
staff Ms. Chen 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 |
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 |
Ms. Chen |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
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UK Pound |
1 |
Rs.73.89 |
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Euro |
1 |
Rs.65.57 |
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 |
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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.