MIRA INFORM REPORT

 

 

Report Date :           

30.11.2011

 

IDENTIFICATION DETAILS

 

Name :

GOLDEN ARISEN FISHERY CO., LTD.

 

 

Registered Office :

278, Chien-Kuo 4th Rd., Yen Cheng Dist., Kaohsiung

 

 

Country :

Taiwan

 

 

Date of Incorporation :

17.07.1984

 

 

Com. Reg. No.:

79887360

 

 

Legal Form :

Private Limited Liability Company           

 

 

Line of Business :

The ocean offshore fishing and trafficking business

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 10,000

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Contact Points

 

Company Name:

Golden Arisen Fishery Co., Ltd.

Supplied Name:

Golden Arisen Fishery Co Ltd.

Trading Address:

278, Chien-Kuo 4th Rd., Yen Cheng Dist., Kaohsiung, Taiwan

Supplied Address:

278, Chien-Kuo 4th Rd., Yen Cheng Dist., Kaohsiung, Taiwan

Telephone Number:

+886-7-5512427

Fax Number:

+886-7-5312996

 

 

Credit Summary

 

Credit Rating:

Maximum credit USD 10,000

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Golden Arisen Fishery Co., Ltd.

Registered Address:

278, Chien-Kuo 4th Rd., Yen Cheng Dist., Kaohsiung, Taiwan

Date of Foundation:

1984-7-17

Registration Number:

79887360

Registry:

Economic Development Bureau, Kaohsiung City Government

Registered Capital:

NTD 13,000,000 (USD 429,000.00)

(As of 2011.11, 1 NTD = 0.033 USD)

Paid-up Capital:

NTD 13,000,000 (USD 429,000.00)

Legal Representatives:

Zhang Wenjun

Legal Form:

Private Limited Liability Company

Principal Activities:

The ocean offshore fishing and trafficking business

Staff:

N/A

Listed at Stock Exchange:

No

Date of Last Annual Return:

2010-12-16

Notes: The subject declined to introduce its staff number.

History

 

Subject was incorporated on 1984-7-17 with registered number 79887360 as Private Limited Liability Company in Taiwan.

 

 

Shareholders

(Unit: NTD)

Name

Subscription Amount

Zhang Wenjun

260      

 

Zhang Wenzhang

 

260

 

Su Zhang Shuxian

170

Zhang Chen Lihua

170

 

The information above is that of subject’s major shareholders.

 

 

Personnel Information

 

Core Management

Directors

1

Name

Zhang Wenjun

Position

Chairman

2

Name

Zhang Wenzhang

Position

Director

3

Name

Su Zhang Shuxian

Position

Director

4

Name

Zhang Chen Lihua

Position

Supervisor

Operation Information

 

Offices & Factories

 

Headquarters

Add

278, Chien-Kuo 4th Rd., Yen Cheng Dist., Kaohsiung, Taiwan

 

Operations

l         The subject is mainly engaged in ocean offshore fishing and trafficking business.

l         The subject contracts parts of seas and fishes.

l         The registered activities of subject:

Business Code

Details

1

The ocean offshore fishing and trafficking business

2

Product of the processing and trading of water industry

3

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

 

Import and export right:

Import right

Yes

Export right

Yes

 

 

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.

 

 

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.

 

Notes:

The woman who answered the phone declined to introduce her name.


 

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

>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.