MIRA INFORM REPORT
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Report Date : |
30.11.2011 |
IDENTIFICATION DETAILS
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Name : |
CHROMA CHEMICAL CORP. |
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Registered Office : |
No.36, Jingjian 4th
Rd., Guanyin Township, Taoyuan County 328 |
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Country : |
Taiwan |
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Date of Incorporation : |
21.10.1991 |
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Com. Reg. No.: |
86368271 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of paint, etc. |
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No. of Employees
: |
Not Available |
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 : |
Moderate |
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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 – 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 |
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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: |
No.36, Jingjian 4th Rd., Guanyin Township,
Taoyuan County 328, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-3-4837088 |
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Fax Number: |
Notes:
The exact subject’s address is as above mentioned.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
Subject declined to introduce its staff number.
History
Subject was incorporated on 1991-10-21 with registered
number 86368271 as Joint Stock Company in Taiwan.
Shareholders
|
Name |
Subscription Shares |
|
Wanfa Cai |
8,472,000 |
|
Bayou He |
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8,472,000 |
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Donghan Cai |
1,128,000 |
|
Yalong Cai |
1,128,000 |
The information above is that of subject’s major shareholders.
Personnel
Information
Core
Management
|
1 |
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Name |
Wanfa Cai |
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Position |
Chairman |
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Date of
Appointment |
1993-6-25 |
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2 |
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Name |
Bayou He |
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Position |
Director |
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3 |
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Name |
Cai Donghan |
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Position |
Director |
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4 |
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Name |
Cai Yalong |
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Position |
Supervisor |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.36, Jingjian 4th Rd., Guanyin Township, Taoyuan County 328, Taiwan
(R.O.C.) |
Production
Information
l
Subject produces paint.
l
Subject has a factory in mainland of China.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Various dyes, textile dyeing auxiliaries and
other chemical raw materials manufacturing and trading business |
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2 |
Manufacture and trade of UV absorbers and other fine
chemical products |
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3 |
Manufacturing and trading business of dye
intermediates, pigment intermediates |
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4 |
Import and export of the above mentioned products |
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5 |
Operations and investment of the above mentioned
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 domestic.
l
The subject is mainly engaged in sales of paint.
l
Subject has both domestic and foreign markets.
l
Subject exports to Asian, European, American
countries, etc.
l
The subject has a
proportion of 50% for export.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Components and raw material |
CBD, etc. |
100% |
Foreign Purchase
Notes: Subject seldom imports.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
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Paint |
CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
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Paint |
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 Mr. Wu 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 |
Mr. Wu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.93 |
|
UK Pound |
1 |
Rs.80.62 |
|
Euro |
1 |
Rs.69.37 |
RATING EXPLANATIONS
|
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 |
|
<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.