MIRA
INFORM REPORT
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Report Date : |
23.05.2011 |
IDENTIFICATION DETAILS
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Name : |
GRAND INDUSTRIAL CORP |
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Registered Office : |
Rm 807, 29, Lane 77, Chung Shan North Rd, Section 2
Chungshan Dist Taipei City 104 |
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Country : |
Taiwan |
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Date of Incorporation : |
-- |
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Com. Reg. No.: |
-- |
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Legal Form : |
-- |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Not Registered in Taiwan |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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
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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 |
Company name and address
GRAND INDUSTRIAL CORP
RM 807, 29, LANE 77, CHUNG SHAN NORTH RD, SECTION 2 CHUNGSHAN
DIST TAIPEI CITY 104, TAIWAN
TEL: 886-2-25637088
FAX: 886-2-25632500
Alert report!
This refers to a type of report whose format is different
from that of a standard report. Such type of report is provided when:
Information obtained is insufficient for compiling a
standard report.
The enquired co has been out of business or its business
address has been untraceable.
It should be noted that the time and manpower spent on
preparing such type of report might be greater than those on a standard report.
On many occasions, the information in this type of report still indicates the
current status of the enquired co. and serves as a useful reference to assess
its credit standing.
*Company
Registration*
The Taiwan Registrar of Companies was checked and there is
no company registered with this name.
Due to field investigations held at the premises listed
above, the following facts were revealed by the person interviewed at this address:
- They recognized the name "GRAND
INDUSTRIAL CORP".
- They reconfirmed that this business entity is
NOT registered in Taiwan.
- They confirmed that the company was an
overseas registered company, but failed to provide details as to where it was
registered.
*Office & Facilities*
This company is managed by the same management team as
MAGALI TRADING CO LTD working from the above listed office address with the
following details :
Size
: 42 sq meters (Approx)
Location : Central Business District (CBD)
Property status : Rented (Note: Although rented, the
premises is owned by the chairman, Ms. Hsiu-chin Lin)
Type of building :
Commercial building
SC is not known to host website of its own at present.
E-Mail: magali58@ms31.hinet.net
For the past two years there is no record of litigation.
SC’s shareholder details are not available at present.
SC’s management details are not available at present.
*Main
Products & Services*
Not applicable, because this company license is NOT being used
for the actual business transactions and is NOT registered in Taiwan.
*International
Trade Activity*
Not applicable, since the company is not licensed to operate
in Taiwan.
*(Subsidiaries,
Joint-ventures & Affiliates)
Company Name : MAGALI TRADING CO LTD
Address : Rm 502 Kang Ning Bldg 289 Sung Chiang Rd
Chungshan Dist Taipei City 104 Taiwan
Country : Taiwan
Relationship :
Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry :
Garments & Accessories
PAYMENT RATING :
NR OBTAINED SCORES : No Data
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Rating Key |
Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating
indicates the payment pattern of SC based upon our Payment Database, comments from
suppliers of SC, information from banks (if available), as well as industrial
sources.
SC’s financial details are not available at present.
There is no legal entity on which the normal Credit Rating and
Risk Analysis can be performed.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.93 |
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1 |
Rs.72.92 |
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Euro |
1 |
Rs.64.34 |
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.