MIRA INFORM REPORT

 

 

Report Date :           

18.05.2011

 

IDENTIFICATION DETAILS

 

Name :

JIN ZHENG CO., LTD.

 

 

Registered Office :

5F., No.66, Fozhong Rd., Qianzhen Dist., Kaohsiung City 806

 

 

Country :

Taiwan

 

 

Date of Incorporation :

09.12.2010

 

 

Com. Reg. No.:

24530015

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Sales of fruits

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

Payment Behaviour :

Unknown

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)

Taiwan

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 Bottom of Form

 

Contact Points

 

Company Name:

Jin Zheng Co., Ltd.

Supplied Name:

Jin Zheng Co Ltd.

Trading Address:

5F., No.66, Fozhong Rd., Qianzhen Dist., Kaohsiung City 806, Taiwan (R.O.C.)

Supplied Address:

5-F No. 66 Fozhong Rd, Qianzhen Dist., Kaohsiung City 80670, Taiwan

Telephone Number:

+886-7-8419521

Notes: Subject’s exact name and address are as above.

 

 

Credit Summary

 

Credit Opinion:

In view of the absence of information about subject’s operation, caution should be exercised.

 

 

Special Notes

 

We tried to contact subject according to the supplied phone number +886-7-8419521, subject’s relevant staff confirmed subject’s trading address and introduced that subject is engaged in sales of fruits, but he declined to disclose any other information of subject.

We did not find any other contact information or operation 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

 

Registered Name:

Jin Zheng Co., Ltd.

Registered Address:

5F., No.66, Fozhong Rd., Qianzhen Dist., Kaohsiung City 806, Taiwan (R.O.C.)

Date of Foundation:

2010-12-9

Registration Number:

24530015

Registry:

Economic Development Bureau, Kaohsiung City.

Registered Capital:

NTD 450,000 (USD 15,750)

(As of 2011.05, 1 NTD = 0.035 USD)

Legal Representatives:

Zhenglong Wu

Legal Form:

Private Limited Company

Principal Activities:

Sales of fruits

Staff:

N/A

Listed at Stock Exchange:

No

Notes: Subject declined to disclose its staff information; from other source we can not obtain the relevant information, either.

 

 

History

 

Subject was incorporated on 2010-12-9 with registered number 24530015 as Private Limited Company in Taiwan.

 

 

Shareholders

(Unit: NTD)

Name

Subscription Amount

Zhenglong Wu

450,000

 

 

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

Director

Name

Zhenglong Wu

Position

Director

 

 

Operation Information

 

Offices & Factories

 

Headquarters

Add

5F., No.66, Fozhong Rd., Qianzhen Dist., Kaohsiung City 806, Taiwan (R.O.C.)

 

Operation Information

l         The registered activities of subject:

Business Code

Details

F101050 

Wholesales of aquatic products

F101130

Wholesales of fruits and vegetables

F201030 

Retail of aquatic products

F201010 

Retail of farm produce

F401010 

International Trading Business

ZZ99999 

 

Besides licensed business, all other business items those are not banned or restricted.

 

Subject only introduced that it is engaged in sales of fruits, while the details are not disclosed.

Import and export right:

Import right

Yes

Export right

Yes

 

Settlements

 

Information on settlement is not available from subject or other sources.

 

 

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 declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

 

 

Bankers

 

Information on bank details is not available from subject or other sources.

 

 

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

N/A

Notes: Subject’s relevant staff declined to disclose his name.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.07

UK Pound

1

Rs.63.57

Euro

1

Rs.72.97

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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