MIRA INFORM REPORT
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Report Date : |
11.10.2011 |
IDENTIFICATION DETAILS
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Name : |
ABLE ADVANCED CHEMICALS COMPANY LTD. |
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Formerly Known As : |
Man break Ltd |
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Registered Office : |
1F, No.1, Lane 109, Kanghwa St |
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Country : |
Taiwan |
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Date of Incorporation : |
19.07.1997 |
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Com. Reg. No.: |
16135834 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of dyestuff, etc |
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 60,000 |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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: |
3FL 572 Minsheng North Rd., Section 1 Kueishan Hsiang Taoyuan Hsien
332, Taiwan |
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Supplied Address: |
3FL 572 Minsheng North Rd., Section 1 Kueishan Hsiang Taoyuan Hsien
332, Taiwan |
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Telephone Number: |
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Fax Number: |
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E-mail: |
able.advance@msa.hinet.net; patrick@aacc.com.tw |
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Website: |
Notes: Subject’s exact name and address are as
above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
History
Subject was incorporated on
Change of Name
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Former Chinese
Name |
文擘科技有限公司 (Man break Ltd.) |
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Current Chinese
Name |
文擘科技股份有限公司 (Man break Inc.) |
Shareholders
|
Name |
Subscription
Shares |
|
Wenjie
Su |
1,140,000 |
|
Yangren Chen |
|
|
380,000 |
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|
Yuexia
Su |
190,000 |
|
Xiulan
Su |
190,000 |
The information above is that of subject’s
major shareholders.
Subsidiaries &
Branches
Offices
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1 |
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Name: |
Shanghai Office |
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Address: |
E, |
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Tel: |
+86-21-62086691 |
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Fax: |
+86-21-62094326 |
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2 |
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Name: |
South China Office |
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Address: |
No.22, Lane 4, He Tian Jiao Yuan New
Village, Hou Jie Township, Dong Guan City, Guang Dong Province,
China |
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Tel: |
+86-769-85246501-3 |
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Fax: |
+86-769-81611033 |
Personnel
Information
Core Management
|
1 |
|
|
Name |
Wenjie Su |
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Position |
Board Chairman |
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2 |
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|
Name |
Yangren Chen |
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Position |
Director |
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3 |
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Name |
Yuexia Su |
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Position |
Director |
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4 |
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Name |
Xiulan Su |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
About
30 employees |
Operation
Information
Offices & Factories
|
|
Headquarters
|
|
Add |
3FL 572 Minsheng
North Rd., Section 1 Kueishan Hsiang Taoyuan Hsien 332, Taiwan |
l
Subject
is a manufacturer of dyestuff
l
It is
introduced that subject’s annual capacity is over 1,500 tons
Purchase Information
l
The
registered activities of subject:
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Business
Code |
Details
|
|
-- |
Research,
development and sales of all kinds of dyestuff, Textile auxiliaries, Dyeing
auxiliaries and other industrial chemical materials. |
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-- |
Sales of
dyestuff |
|
-- |
Import
and trading business of the above mentioned items. |
|
C801030 |
Manufacture
of Precision chemical materials |
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C802150 |
Manufacture
of dyestuff |
l
Subject
purchases both at home and abroad.
l
The subject
is mainly engaged in acidic dyestuff.
l
Subject’s
products are applied to leather, textile, wool and nylon and metal complex
dyes, etc
Subject’s products are
both sold in domestic and overseas market.
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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Chemical
materials, etc |
COD,
etc |
100% |
Foreign
Purchase
|
Payment
Terms |
Proportion |
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Chemical
materials, etc |
CBD,
etc |
100% |
Sales
Domestic
Markets
|
Sales
Terms |
Proportion |
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Dyestuff,
etc |
CBD,
COD, etc |
100% |
Export
|
Sales
Terms |
Proportion |
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Dyestuff,
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 declined to
disclose its financials citing the grounds of company’s confidentiality; from
other source we can not obtain the relevant information, either.
Bankers
Subject declined to disclose its bank details; 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
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
|
UK Pound |
1 |
Rs.76.65 |
|
Euro |
1 |
Rs.66.17 |
RATING EXPLANATIONS
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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 |
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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 |
|
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 |
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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.