MIRA INFORM REPORT
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Report Date : |
15.10.2011 |
IDENTIFICATION DETAILS
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Name : |
REATEX ASIA CO., LTD. |
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Registered Office : |
3F., No.67, Sec. 2, Chang-An E. Rd., Jhongshan Dist., Taipei City 10455 |
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Country : |
Taiwan |
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Date of Incorporation : |
07.05.2009 |
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Com. Reg. No.: |
24344434 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading and the export of automobile and
motorcycle parts |
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 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) |
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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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Trading Address: |
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Supplied Address: |
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Telephone Number: |
+886-9-3564-7900 |
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Fax Number: |
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
Reatex Asia Co., Ltd. |
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Registered Address: |
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Date of Foundation: |
2009-05-07 |
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Registration Number: |
24344434 |
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Registry: |
Government of Taipei City |
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Registered Capital: |
(As of 2011.10, 1 NTD = 0.03287 USD) |
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Legal Representatives: |
Chen Wenzhen |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock
Exchange: |
History
Subject was incorporated on 2009-05-07 with registered
number 24344434 as Private
Limited Liability Company in Taiwan.
Shareholders
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Name |
Subscription Amount |
|
Chen Wenzhen |
250,000 |
The information above is that of subject’s major shareholder.
Personnel
Information
Core
Management
|
Name |
Chen Wenzhen |
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Position |
Director |
Operation
Information
Offices
& Factories
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|
Headquarters |
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Add |
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Production
Information
l
Subject is a trader of automobile and motorcycle
parts without any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F104110 |
Wholesale of Cloth, clothing, shoes, hats,
umbrellas, clothing |
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F114030 |
Wholesale of Automobile and motorcycle parts |
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F204110 |
Retailing of Cloth, clothing, shoes, hats, umbrellas,
clothing |
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F214030 |
Retailing of Automobile and motorcycle parts |
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F401010 |
International Trade |
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ZZ99999 |
In addition to licensing business, act may not
prohibited or restricted operation of the business |
Besides licensed business, all other business items those are not banned
or restricted.
l
The automobile and motorcycle parts are purchased
from local area.
|
Product |
Origin |
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Automobile and
motorcycle parts |
Taipei |
l
The subject is mainly engaged in trading and the export of automobile
and motorcycle parts.
Major products
sold
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Product |
Sales Region |
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Automobile and
motorcycle parts |
Taiwan and Mainland, China |
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Automobile and
motorcycle parts |
Southeast Asia |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan)
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Payment Terms |
Proportion |
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Automobile and motorcycle parts |
CBD, etc |
100% |
Foreign Purchase
note: Subject seldom purchases from foreign
countries.
Sales
Domestic Markets
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Product |
Sales Terms |
Proportion |
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Automobile and motorcycle parts |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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|
Automobile and motorcycle parts |
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’s relevant staff Mr. Li 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 |
Mr. Li |
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Position |
Sales Manager |
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E-mail |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
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UK Pound |
1 |
Rs.77.42 |
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Euro |
1 |
Rs.67.72 |
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.