MIRA INFORM REPORT
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Report Date : |
22.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
ROCKUNION CORPORATION |
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Registered Office : |
9F., No.67, Sec. 1, Jhongshan Rd., Xinzhuang Dist., New Taipei City 242 |
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Country : |
Taiwan |
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Date of Incorporation : |
28.09.2006 |
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Com. Reg. No.: |
28224353 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trade of glass wool, rock wool, calcium silicate ceilings,
sound-absorbing ceilings, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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 10,000 |
|
Status : |
Satisfactory |
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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: |
9F., No.67, Sec. 1, Jhongshan Rd., Xinzhuang
Dist., New Taipei City 242, Taiwan (R.O.C.) |
|
Supplied Address: |
9F, No. 67 Chung Shan Rd., Sec 1, Taipei
Countyhusin-Chuang City, Taiwan |
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Telephone Number: |
+886-2-66268855 |
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Fax Number: |
Notes:
The exact subject’s address is as above mentioned.
Credit
Summary
|
Credit Rating: |
Company
Identification Details
History
Subject was incorporated on 2006-9-28 with registered
number 28224353 as Private
Limited Liability Company in Taiwan.
Shareholders
|
Name |
Subscription Shares |
|
Cai Jingwen |
3,250 |
|
Chen Jinxiu |
|
|
3,750 |
|
|
Cai Jingmin |
4,000 |
|
Guo Jinyang |
625 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Cai Jingwen |
|
Position |
Chairman |
|
2 |
|
|
Name |
Chen Jinxiu |
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Position |
Director |
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3 |
|
|
Name |
Cai Jingmin |
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Position |
Director |
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4 |
|
|
Name |
Guo Jinyang |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 23 employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
9F., No.67, Sec. 1, Jhongshan Rd., Xinzhuang Dist., New Taipei City
242, Taiwan (R.O.C.) |
Production
Information
l
Subject produces glass wool, rock wool, calcium silicate ceilings, sound-absorbing
ceilings, etc.
l
Subject has a factory in the mainland of China.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
E599010 |
Piping Industry |
|
E601010 |
Electrical equipment industry commitment |
|
E601020 |
Electrical equipment Installation Industry |
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E801010 |
Upholstery industry |
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E801020 |
Installation of doors and windows industry |
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E801030 |
Indoor light steel frame construction industry |
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E801040 |
Glass Installation Industry |
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E801070 |
Kitchen, bathroom equipment Installation Industry |
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E901010 |
Paint Industry |
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E903010 |
Corrosion, rust Industry |
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F106010 |
Hardware Wholesale |
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F106020 |
Daily Wholesale |
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F106050 |
Ceramic glass Wholesale |
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F111090 |
Building Material Wholesale |
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F113020 |
Electrical equipment Wholesale |
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F117010 |
Wholesale of Fire safety equipment |
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F120010 |
Wholesale of Refractory |
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F205040 |
Retails of Furniture, bedding, kitchen
appliances, installation of products |
|
F206010 |
Retails of Hardware |
|
F213010 |
Retails of Electrical equipment |
|
F401010 |
International trade |
|
I503010 |
Landscape, interior design |
|
F104110 |
Wholesale of
Cloth, clothing, shoes, hats, umbrellas, clothing |
|
F105050 |
Wholesale of Furniture, bedding, kitchen
appliances, installation of products |
|
F204110 |
Retails of
Cloth, clothing, shoes, hats, umbrellas, clothing |
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 mainland of China.
Sales
Information
l
The subject is mainly engaged in sales of glass wool, rock wool, calcium silicate
ceilings, sound-absorbing ceilings, etc.
l
The subject mainly sells products to local area.
l
The subject has a
proportion of 50% for export.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw material |
COD, etc. |
100% |
Foreign Purchase
Notes: Subject seldom purchases from foreign countries.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Glass wool, rock wool, calcium
silicate ceilings, sound-absorbing ceilings, etc. |
COD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Glass wool, rock wool,
calcium silicate ceilings, sound-absorbing ceilings, etc. |
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. Hu 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. Hu |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.72 |
|
UK Pound |
1 |
Rs.81.42 |
|
Euro |
1 |
Rs.68.89 |
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 |
|
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.