MIRA INFORM REPORT
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Report Date : |
07.09.2011 |
IDENTIFICATION DETAILS
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Name : |
COLORDOC CO., LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
18.06.2008 |
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Com. Reg. No.: |
29113664 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Importing different kinds of paints |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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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Tel: |
+886-7-7717-334 |
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Fax: |
+886-7-7130-653 |
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
Colordoc Co., Ltd. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
29113664 |
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Registry: |
Economic Development Bureau, Kaohsiung City Government |
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Registered Capital: |
(As of 2011.07, 1 NTD = 0.03482 USD) |
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Legal Representatives: |
Yaogeng Lin |
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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: |
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Date of Last
Annual Return: |
Subject declined
to disclose any information about staff number, and we couldn’t obtain the
information from other sources.
History
Subject was incorporated
on
Shareholders
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Name |
Subscription Amount |
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Yaogeng Lin |
500,000 |
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
Name |
Yaogeng Lin |
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Position |
Board Chairman |
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 paint without any production
activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F102040 |
Wholesale of be beverages |
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F102170 |
Wholesale of food goods |
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F106020 |
Wholesale of daily goods |
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F107200 |
Wholesale of chemical raw materials |
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F107020 |
Wholesale of dyes and pigments |
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F401010 |
International trade |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
Sales
Information
l
Subject is mainly
involved in importing different kinds of paints.
l
Subject introduced that it
only imports the paint and never export to other countries.
l
And subject stated that
it imports the paints from all over the world. But it seldom imports from the
new suppliers. And the suppliers of it are mostly introduced from the friends
or old customers.
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Import right |
Yes |
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Export right |
Yes |
Settlements
The settlement 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. Lin 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 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.
Interview
Details
|
Name |
Mr. Lin |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
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UK Pound |
1 |
Rs.74.18 |
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Euro |
1 |
Rs.64.88 |
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 |
---- |
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.