MIRA INFORM REPORT
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Report Date : |
08.11.2011 |
IDENTIFICATION DETAILS
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Name : |
PAOGALI INTERNATIONAL CO. |
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Registered Office : |
4F., No.1, Lane 298,
Jingsin St., Zhonghe Dist., New Taipei City 235 |
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Country : |
Taiwan |
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Date of Incorporation : |
01.08.1992 |
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Com. Reg. No.: |
86812772 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacture and sales
of parts of knitting machines, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 20,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
|
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: |
1F No 11 Lane 41 Jing Shin Street Chung Ho
City, Taipei Hsien, Taiwan |
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Supplied Address: |
1F No 11 Lane 41 Jing Shin Street Chung Ho
City, Taipei Hsien, Taiwan |
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Telephone Number: |
+886-2-82458811 |
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Fax Number: |
Credit
Summary
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Credit Rating: |
|
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Credit Opinion: |
Company
Identification Details
History
Subject was incorporated on 1992-08-01 with registered
number 86812772 as Private
Limited Liability Company in Taiwan.
Shareholders
|
Name |
Subscription Amount |
|
Ma Zhongyun |
2,500,000 |
The information above is that of subject’s major shareholders.
Personnel
Information
Core Management
|
Name |
Ma Zhongyun |
|
Position |
Director |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
1F No 11 Lane 41 Jing Shin Street Chung Ho City, Taipei Hsien, Taiwan |
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|
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Add |
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Factory |
|
Add |
In Taiwan (Details unknown) |
Production
Information
l
Subject has factories in Xiamen and Taiwan.
l
Subject produces components of knitting machines, etc.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Import and export of components of needles,
textile machinery |
|
2 |
Manufacture, process and sales of above products |
Besides licensed business, all other business items those are not banned
or restricted.
l
The components and raw material for production are
mostly purchased from local area.
l
The subject is mainly engaged in manufacturing and
processing of components of needles, textile machinery.
l
Subject has both domestic and foreign countries.
l
The subject has a
proportion of 50% for export.
l
Subject mainly exports to
Asian countries.
Major products
sold
|
Product |
Sales Region |
|
Components of needles, textile machinery. |
Taiwan, Mainland of China |
|
Components of needles, textile machinery. |
Asian countries |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
Components of needles, textile machinery. |
CBD, etc. |
100% |
Foreign Purchase
Notes: Subject seldom purchases from foreign countries.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Components of needles, textile machinery. |
CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Components of needles, textile machinery. |
CBD, etc. |
100% |
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 Tie declined to disclose its financials
citing the grounds of company’s confidentiality; 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.
Interview
Details
|
Name |
Ms. Tie |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
UK Pound |
1 |
Rs.78.65 |
|
Euro |
1 |
Rs.67.79 |
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 |
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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 |
|
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 |
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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.