MIRA INFORM REPORT
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Report Date : |
10.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
CHUEN HUAH CHEMICAL CO., LTD. |
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|
|
|
Registered Office : |
1F, No.151, Ta Te 1st
Rd., Gangshan Dist., Kaohsiung City 820 |
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|
|
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Country : |
Taiwan |
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Date of Incorporation : |
11.02.1987 |
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Com. Reg. No.: |
22391179 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Making of resin |
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 80,000 |
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|
|
|
Status : |
Satisfactory |
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|
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
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Off-credit |
D |
Contact
Points
|
Company Name: |
|
|
Supplied Name: |
Chuen Huah Chemical Co Ltd. |
|
Trading Address: |
1F, No.151, Ta Te 1st Rd., Gangshan Dist., Kaohsiung City 820, Taiwan (R.O.C.) |
|
Supplied Address: |
No. 365 Ta Jen North Road Kang Shan Jenn, Kaohsiung, TW |
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Telephone Number: |
+886-7-6217177 |
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Fax Number: |
+886-7-6220593 |
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
Chuen Huah Chemical Co., Ltd. |
|
Registered
Address: |
1F, No.151, Ta Te 1st Rd., Gangshan Dist., Kaohsiung City 820, Taiwan (R.O.C.) |
|
Date of
Foundation: |
|
|
Registration
Number: |
|
|
Registry: |
Economic Development Bureau, Kaohsiung City |
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Registered
Capital: |
NTD 170,000,000 (USD 5,593,000) (As of 2011.10, 1 NTD = 0.0329 USD) |
|
Paid-up Capital: |
NTD 170,000,000 (USD 5,593,000) |
|
Legal
Representatives: |
|
|
Legal Form: |
|
|
Principal
Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
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|
Date of Last Annual Return: |
History
Subject was incorporated on 1987-2-11 with registered number 22391179 as Private Limited Liability
Company in Taiwan.
Shareholders
|
Name |
Subscription Shares |
| Laijin
Lin |
42,500 |
|
14,067 |
Notes: The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Subject did not register any
subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Personnel
Information
Core Management
Directors
|
1 |
|
|
Name |
Zhenhui Chen |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
|
|
Position |
|
|
3 |
|
|
Name |
Tongcheng Chen |
|
Position |
Director |
|
4 |
|
|
Name |
Qingtian Mao |
|
Position |
Auditor |
Personnel Structure
|
Total Employees |
More than 10
Employees |
Operation
Information
Offices & Factories
|
|
Headquarters |
|
Add |
1F, No.151, Ta Te 1st Rd., Gangshan Dist.,
Kaohsiung City 820, Taiwan (R.O.C.) |
Production Information
The subject produces resin.
The subject produces in Taiwan.
Purchase Information
The raw material
for production is mostly purchased from domestic markets.
The
subject is mainly engaged in sales of resin.
The
subject sells products around the world.
Import and
export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
Raw material |
COD, etc |
100% |
Foreign Purchase
The subject seldom
imports.
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Resin |
CBD, etc |
100% |
Financial
Information
|
Year: |
Sales |
|
2010 |
About
USD 8,000,000 |
Notes: We obtain the
information of subject from public files which is not confirmed by subject.
Bankers
|
Name |
Taiwan Bank |
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 |
Laijin Lin |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
UK Pound |
1 |
Rs.75.97 |
|
Euro |
1 |
Rs.65.99 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.