MIRA INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
MODENTIC INDUSTRIAL CORPORATION |
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Registered Office : |
14f-1, No.57 Taya Rd., Taichung |
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Country : |
Taiwan |
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Date of Incorporation : |
01.07.1983 |
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Com. Reg. No.: |
12447646 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
--- |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Poor |
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Payment
Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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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Supplied Address: |
Credit
Summary
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Credit Opinion: |
Subject is dormant now, and at this stage
credits require securities. |
Special
Note
Subject is dormant now, and we couldn’t contact subject successfully.
The registration files
show that subject was engaged in importing and exporting the different
components, since we did not get in touch with subject, we can not confirm the
information.
We found subject’s
registration information as follows for reference.
Company
Identification Details
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Registered Name: |
Modentic Industrial Corporation
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Registered Address: |
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Date of Foundation: |
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Date of closure(Start): |
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Date of closure(End): |
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Registration Number: |
12447646 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2011.10, 1 NTD = 0.03265 USD) |
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Paid-up Capital: |
NTD 20,000,000 (USD653,046) |
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Legal Representatives: |
Liantai Li |
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Legal Form: |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
The staff number
is not available from the subject or other sources.
History
Subject was incorporated on
Shareholders
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Subscription
Number |
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Liantai Li |
1,450,000 |
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Guiyu Gao |
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549,500 |
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The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
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1 |
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Name |
Liantai Li |
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Position |
Board Chairman |
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2 |
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Name |
Yingru Chen |
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Position |
Director |
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3 |
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Name |
Peiqiang Zheng |
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Position |
Director |
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4 |
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Name |
Guiyu Gao |
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Position |
Supervisor |
Operation
Information
Operation
Information
Subject is dormant now, and as we knew, subject was engaged in importing and
exporting the different components, since we did not get in touch with subject,
we can not confirm the information.
Settlements
We couldn’t
contact the subject successfully, and the settlement information is not
available from the subject or other sources.
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.
The latest financial information is not available from the subject or
other sources.
Bankers
The bankers’ information is not available from the subject or other
sources.
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.02 |
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UK Pound |
1 |
Rs.77.13 |
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Euro |
1 |
Rs.67.56 |
RATING EXPLANATIONS
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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 |
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<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.