MIRA INFORM REPORT
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Report Date : |
19.09.2011 |
IDENTIFICATION DETAILS
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Name : |
BALUM E-MATERIAL LTD. |
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Formerly Known As : |
Bor Horng Art Material Co., Ltd. |
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Registered Office : |
No.4, Lane 64, Sec. 2, Chung Hsiao E. Rd., Jhongjheng
District, Taipei City 100 |
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Country : |
Taiwan |
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Date of Incorporation : |
02.02.1998 |
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Com. Reg. No.: |
16302190 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Sales of painting products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 80,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 |
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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: |
Balum E-Material |
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Trading Address: |
No.4, Lane 64, Sec. 2, Chung Hsiao E. Rd.,
Jhongjheng District, Taipei City 100, Taiwan (R.O.C.) |
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Supplied Address: |
Taiwan |
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Telephone Number: |
+886-2-2396-4725 |
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Fax Number: |
+886-2-2394-9283 |
Notes:
The exact name and address
are as above.
Credit
Summary
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Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
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Registered Name: |
|
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Registered Address: |
No.4, Lane 64, Sec. 2, Chung Hsiao E. Rd.,
Jhongjheng District, Taipei City 100, Taiwan (R.O.C.) |
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Date of
Foundation: |
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|
Registration
Number: |
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Registry: |
Taipei City Governmnet |
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Registered
Capital: |
NTD 10,000,000
(USD 337,000) (As of 2011.09, 1 NTD = 0.0337 USD) |
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Legal
Representatives: |
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|
Legal Form: |
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Principal
Activities: |
Sales of
painting
products |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
History
Subject was incorporated on 1998-2-2 with registered number 16302190
as Private Limited Liability Company in Taiwan.
Change of Name
|
Former Chinese Name |
百鴻藝術有限公司 |
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Current Chinese Name |
百鴻數位藝術有限公司 |
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Former English Name |
Bor Horng Art Material Co., Ltd. |
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Current English Name |
Balum E-Material
Ltd. |
Shareholders
|
Name |
Subscription
Amount |
|
5,000,000 |
|
| Junyuan Liao |
4,000,000 |
Notes:
The
information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core Management
|
1 |
|
|
Name |
Yuling Liao |
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Position |
Board Chairman |
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2 |
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Name |
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Position |
Director |
Personnel Structure
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Total Employees |
More
than 8 Employees |
Operation
Information
Offices & Factories
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|
Headquarters
|
|
Add |
No.4, Lane 64,
Sec. 2, Chung Hsiao E. Rd., Jhongjheng District, Taipei City 100, Taiwan
(R.O.C.) |
Production Information
l
Subject is a trader of painting products without any production activities.
Purchase Information
l
The subject
purchases painting products.
l
The subject
purchases from foreign
countries.
l
The
subject is mainly
engaged in sales of painting
products.
l
The
subject sells in the domestic markets.
Import and export right:
|
Import
right |
Yes |
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Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase (Taiwan and Mainland, China)
The subject seldom purchases from domestic markets.
Foreign
Purchase
|
Payment
Terms |
Proportion |
|
Sales
Domestic
Markets (Taiwan)
|
Sales
Terms |
Proportion |
|
|
Painting products |
CBD,
etc |
100% |
Export
Financial
Information
|
Year: |
Sales |
|
2010 |
About
USD 8,000,000 |
Notes: We obtain the information of subject from
public files which is not confirmed by subject.
Bankers
|
Name |
Taiwan
Bank |
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 |
Junyuan Liao |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.47 |
|
UK Pound |
1 |
Rs.74.96 |
|
Euro |
1 |
Rs.65.79 |
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 |
|
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 |
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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.