MIRA INFORM REPORT
|
Report Date : |
20.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
METHYL CO., LTD. |
|
|
|
|
Registered Office : |
7F.-2, No.1, Kuang-fu
South Rd., Songshan District, Taipei City 105 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
23.03.1990 |
|
|
|
|
Com. Reg. No.: |
23635912 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading, the import and export of solvent, plasticizer, polymers
and other materials |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 20,000 |
|
Status : |
Moderate |
|
Payment
Behaviour : |
No Complaints |
|
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Contact
Points
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
7F.-2, No.1, Kuang-fu South Rd., Songshan
District, Taipei City 105, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2769-5558 |
|
Fax Number: |
Notes: The complete subject’s address is as above mentioned.
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
History
Subject was incorporated on 1990-03-23 with registered
number 23635912 as Private
Limited Liability Company in Taiwan.
Shareholders
|
Name |
Subscription Amount |
|
Zhong Qingda |
25,000,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
Name |
Zhong Qingda |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 45 employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
7F.-2, No.1, Kuang-fu South Rd., Songshan District, Taipei City 105,
Taiwan (R.O.C.) |
Production
Information
l
Subject is a trader of solvent, plasticizer, polymers and other materials without any
production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F107070 |
Wholesales of animal drugs |
|
F107041 |
Wholesales of pesticide |
|
ZZ99999 |
In addition to
licensing business, Act was not prohibited or restricted operation of the
business |
Besides licensed business, all other business items those are not banned
or restricted.
l
The solvent, plasticizer,
polymers and other materials are purchased from Taiwan and mainland of China.
l
The subject is mainly engaged in trading, and the export of solvent,
plasticizer, polymers and other materials.
l
The subject has both domestic and foreign markets.
l
The subject exports solvent, plasticizer, polymers and other materials to Asian countries,
European and American countries.
Major products
sold
|
Product |
Sales Region |
|
Solvent, plasticizer,
polymers and other materials |
Taiwan and mainland of China |
|
Solvent, plasticizer,
polymers and other materials |
Vietnam, India, Russia, America, etc. |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Solvent, plasticizer,
polymers and other materials |
CBD, etc. |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Solvent, plasticizer,
polymers and other materials |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Solvent, plasticizer,
polymers and other materials |
CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Solvent, plasticizer,
polymers and other materials |
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. Liu 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. Liu |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.18 |
|
UK Pound |
1 |
Rs.77.49 |
|
Euro |
1 |
Rs.67.96 |
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.