MIRA
INFORM REPORT
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Report Date : |
02.09.2011 |
IDENTIFICATION DETAILS
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Name : |
SHIN TAI PLASTICS INDUSTRIAL CO., LTD. |
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Registered Office : |
No.31, Lane 9, Sec.3, Chung King N. Rd., Taipei Taiwan R.O.C |
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Country : |
Taiwan |
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Date of Incorporation : |
11.09.1976 |
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Com. Reg. No.: |
04348947 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of plastic products with some production activities |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 40,000 |
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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 |
|
Risk Category |
ECGC
Classification |
|
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: |
No. 10 Songjiang Bei Rd., Chungli Industrial Zone Taoyuan County, Taiwan(R.O.C) |
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Supplied Address: |
160 Ta Lun, Ta Lun Village, Shui Shang
Hsiang Chia-Yi Hsien Taiwan |
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Telephone Number: |
+ 886-3-4611722 |
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Fax Number: |
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E-mail: |
Notes:
The supplied address is the branch of the subject, and the exact address
is as above.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
History
Subject was incorporated on
Shareholders
|
Subscription
Amount |
|
|
Jiacheng Liu |
527,000 |
|
Qinglong Chen |
|
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1,237,000 |
|
|
Suhua Liu |
1,457,000 |
|
Qingxiang Liu |
1,106,000 |
The information above
is that of subject’s major shareholders.
Subsidiaries & Branches
Branch Companies
|
1 |
|
|
Address: |
160 Ta Lun, Ta Lun Village, Shui Shang Hsiang
Chia-Yi Hsien Taiwan |
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Tel: |
+886-5-3713860 |
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Fax: |
+886-05-3715788 |
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E-mail: |
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2 |
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Name |
No.14, Wugong Liu Rd, Wu Ku Industrial Zone, Taipei County, Taiwan |
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Tel: |
+886-2-22989201 |
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Fax: |
+886-02-22989161 |
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3 |
|
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Name |
No.9, Sec 84, Zhonggang Rd, Taichung, Taiwan |
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Tel: |
+886-4-23119165 |
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Fax: |
+86-04-23110717 |
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4 |
|
|
Name |
Los Angeles CA. U.S.A. |
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E-mail: |
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Personnel Information
Core
Management
Directors
|
1 |
|
|
Name |
Jiacheng Liu |
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Position |
Board Chairman |
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2 |
|
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Name |
Qinglong Chen |
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Position |
Director |
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3 |
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Name |
Suhua Liu |
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Position |
Director |
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4 |
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|
Name |
Qingxiang Liu |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
120 Employees |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No. 10 Songjiang
Bei Rd., Chungli Industrial Zone Taoyuan
County, Taiwan(R.O.C) |
Production
Information
l
Subject is a manufacturer of plastic products with
some production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C801020 |
Petrochemical
raw materials manufacturing |
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C805060 |
Plastic leather products
manufacturing |
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CQ01010 |
Mold
Manufacturing |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
The components and raw material for production are
purchased from both local Taiwan and abroad.
l
Subject is mainly involved in trading of different
kinds of plastic products as following:
|
1 |
Folding Pallet Crate |
|
2 |
Logistic Storage Equipment Series |
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3 |
Storage Equipment Series |
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4 |
Fishery
& Agriculture Crate Series |
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5 |
Folding Crate Series |
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6 |
Document & Parts Container Series |
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7 |
Cover Crate Series |
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8 |
Beverage & Dairy Container Series |
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9 |
Bread Baskets & Crates Series |
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10 |
Egg & Chickens Container Series |
|
11 |
Traffic Control Matters Series |
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12 |
Plastic Cart Series |
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13 |
Heavy Duty Pail & Tank Series |
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14 |
Chemical Transportation Can Series |
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15 |
New Life Aesthetics |
l
Subject has 2 Brands: New
impression and New born elephant brand.
l
Subject introduced that the
selling territory covers all over the word.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
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.
Subject’s relevant staff Mr. Zheng declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Bankers
The banker 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.
Interview Details
|
Name |
Mr. Zheng |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.01 |
|
|
1 |
Rs.75.42 |
|
Euro |
1 |
Rs.66.69 |
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 |
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-- |
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.