MIRA INFORM REPORT
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Report Date : |
03.04.2012 |
IDENTIFICATION DETAILS
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Name : |
GBF BONTEX TAIWAN INC. |
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Registered Office : |
8F-2, No.52,
Sec.2, Chung Shan N. Rd., |
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Country : |
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Date of Incorporation : |
21.07.1987 |
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Com. Reg. No.: |
22613806 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of shoe materials, coke and metal products, etc |
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No. of Employees
: |
20-30 employees |
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 50,000 |
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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
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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 |
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Company Name: |
GBF BONTEX TAIWAN INC. |
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Supplied Name: |
GBF Bontex Taiwan Inc |
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Trading Address: |
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Supplied Address: |
8 FL, No. 52, Sec 2, Chung Shan n Rd., Taipei, Taiwan, R O C |
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Telephone Number: |
+886-2-2541-8229 |
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Fax Number: |
+886-2-2561-5675 |
Notes: Subject’s exact name and address are as above.
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Credit Rating: |
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Credit Opinion: |
Subject was incorporated on
Awards
|
Year |
Awards |
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2008 |
Blue chip
importer and exporter |
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2009 |
Blue chip
importer and exporter |
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2010 |
Blue chip importer
and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
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2008 |
19,000,000 |
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2009 |
15,000,000 |
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2010 |
20,000,000 |
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Name |
Subscription Shares |
|
Rapoza Holdings Limited ·
(Samoa) |
200,000 |
The information
above is that of subject’s major shareholders.
Subject did not introduce whether it has any
subsidiaries or branches, from other source we can not obtain the relevant
informaiton, either.
Core
Management
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1 |
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Name |
Zhengcheng Hu |
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Position |
Board Chairman |
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2 |
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Name |
Baohe Hu |
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Position |
Director |
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3 |
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Name |
Xiumian Hucheng
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Position |
Director |
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4 |
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Name |
Ling Xu |
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Position |
Supervisor |
Offices
& Factories
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Office |
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Address: |
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Production
Information
l
Subject is a trader without any production
activities itself.
Purchase
Information
l
The registered activities of subject:
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General import and export trading business except licensed business |
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Price quoting, bidding service and marketing
business for domestic and overseas customers about the relevant products
except futures |
l
Subject purchases mainly abroad.
Sales
Information
l
Subject is engaged in sales of Pig iron, shoe
materials, metallurgical coke, kaolin, ferro-silicon, etc
l
Subject’s products are applied to footwear
industry, Hat Industry, Automobile Gasketing,
Luggage, Handbag manufacturing, etc
l
Subject’s products are both sold in domestic and
overseas market and subject exports to South Korea and Vietnam, etc
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Markets
Subject has
little domestic purchase.
Overseas Markets
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Products |
Terms |
Proportion |
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Pig iron, shoe
materials, metallurgical coke, kaolin, ferro-silicon, etc |
CBD, etc |
100% |
Domestic Markets
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Terms |
Proportion |
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Pig iron, shoe
materials, metallurgical coke, kaolin, ferro-silicon, etc |
CBD, COD, etc |
100% |
Overseas Markets
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Product |
Terms |
Proportion |
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Pig iron, shoe
materials, metallurgical coke, kaolin, ferro-silicon, etc |
CBD, etc |
100% |
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 declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Information on bank details is not available from subject or other sources.
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.
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Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.16 |
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UK Pound |
1 |
Rs.81.79 |
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Euro |
1 |
Rs.68.34 |
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.