MIRA INFORM REPORT
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Report Date : |
30.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
WEI LIEN MARINE PRODUCTS CO., LTD. |
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Registered Office : |
No.122, Hsing Lou Street, Kaohsiung |
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Country : |
Taiwan |
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Date of Incorporation : |
29.04.1985 |
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Com. Reg. No.: |
82110510 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Range squid
fishing and tuna fishing business |
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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 |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 10,000 |
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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 |
|
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: |
Wei Lien Marine Products Co., Ltd. |
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Supplied Name: |
Wei Lien Marine Products Co Ltd. |
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Trading Address: |
No.122, Hsing Lou Street, Kaohsiung Taiwan R.O.C. |
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Supplied Address: |
No. 122, Hsing Lou Street, Kaohsiung Taiwan |
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Telephone Number: |
+886-7-5316206 |
Credit
Summary
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Credit Rating: |
|
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Credit Opinion: |
Company
Identification Details
Notes: Subject declined to introduce its staff
number.
History
Subject was incorporated on 1985-4-29 with registered
number 82110510 as Private
Limited Liability Company in Taiwan.
Shareholders
|
Name |
Subscription Amount |
|
Luo Zhenshun |
500 |
| Luo
Weiyi |
800 |
|
Luo Jianlan |
0 |
|
Luo Guanhua |
20 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Luo Zhenshun |
|
Position |
Chairman |
|
2 |
|
|
Name |
Luo Weiyi |
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Position |
Director |
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Date of
Appointment |
1987-3-14 |
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3 |
|
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Name |
Luo Jianlan |
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Position |
Director |
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4 |
|
|
Name |
Luo Guanhua |
|
Position |
Supervisor |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
Operations
l
Subject is mainly engaged in ocean offshore fishing and trafficking business.
l
Subject contracts parts of seas in Uruguay.
l
Subject dose fishing and trades fish there.
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Range squid fishing and tuna fishing business |
|
2 |
Ocean offshore fishing industry |
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 Ms. Huang 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. Huang |
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 |
|
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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.