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Report Date : |
14.04.2012 |
IDENTIFICATION DETAILS
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Name : |
FORWARD INTERNATIONAL LTD. |
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Registered Office : |
5fl., No.112, |
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Country : |
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Date of Incorporation : |
22.12.1975 |
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Com. Reg. No.: |
14050402 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture and trade of agrochemical products and the related products. |
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No. of Employees : |
Over 1,000
employees(Group) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 150,000 |
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Status : |
Satisfactory |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes:
The exact address is as above.
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Credit Rating: |
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Credit Opinion: |
Subject was incorporated on
|
Name |
Subscription
Amount |
|
Jin Yan |
12,100,000 |
The information above is that of subject’s
major shareholders.
|
1 |
|
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Company Name |
Forward (Beihai) Hepu
Pesticide Co. Ltd |
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Address |
No.1, Qingshuijiang,
Lianzhou, Hepu, Beihai, Guangxi, China (536100) |
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TEL |
+86-779-7291461,
7291462 |
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FAX |
+86-779-7291466 |
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2 |
|
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Company Name |
Forward (Myanmar) Co.,
Ltd |
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Address |
No.34, Parami Road,
Yankin Township, Yangon, Myanmar |
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TEL |
+95-1-661002 |
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FAX |
+95-1-665287 |
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3 |
|
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Company Name |
Forward International
Ltd (The Representative Office in Hochiminh City) |
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Address |
No.9b, Tu Xuong Street,
District 3, Hochiminh City, Vietnam |
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TEL |
+84-89320594, 89320595,
90909237, 90758589 |
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FAX |
+84-89320364 |
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Email Address |
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4 |
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Company Name |
Forward (Thailand 1989)
Co., Ltd |
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Address |
1/47-48, Soi.Sukhumvit
39, Klongton-Nue, Watana, Bangkok, 10110, Thailand |
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TEL |
+662-02-6626080-1,
2598511-6 |
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FAX |
+662-02-2598510 |
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Email Address |
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5 |
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Company Name |
Forward Garden Co., Ltd |
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Address |
55, M.4, HATTANONG,
MUENG, UTHAITANEE, 61000 THAILAND |
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TEL |
+662-056-524927 |
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FAX |
+662-056-524928 |
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Email Address |
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6 |
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Company Name |
Forward Chemicals (Malaysia)
Sdn. Bhd |
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Address |
Malaysia |
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7 |
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Company Name |
Forward Australia
Pty Ltd |
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Address |
Unit 715 / 8
Point St. Pyrmont Sydney 2009 |
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Email Address |
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8 |
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Company Name |
Forward International
Company |
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Address |
Hong Kong |
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9 |
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Company Name |
Forward International
Company |
|
Address |
Bangladesh |
Core
Management
Directors
|
1 |
|
|
Name |
Jin Yan |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
Over 1,000 employees(Group) |
Offices
& Factories
|
|
Headquarters |
|
Add |
Production
Information
l
Subject is a manufacturer of agrochemical products
and the related products without any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Trade of feed
auxiliary material |
|
2 |
Trade of
livestock and fisheries |
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3 |
Trade of
pesticide, fertilizer, agricultural appliances and flower |
l
The components and raw material for production are
purchased from local and abroad.
l
Subject is mainly engaged in manufacturing and
trading of agrochemical products and the related products.
l
Subject introduced that subject’s factory located
in the mainland of China, and headquarter is located in Taiwan, and is in
charge of accepting the orders from clients.
l
Subject introduced that its major products sold as
following:
|
|
Product |
|
1 |
Herbicide |
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2 |
Insecticides
& Acaricides |
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3 |
Fungicide |
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4 |
Bactericides |
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5 |
Plant Regulator |
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6 |
Adjuvant |
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7 |
Rodenticide |
l
Subject’s selling territory covers all over the
world.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Subject declined to disclose the settlements information, and from other sources,
we couldn’t obtain the information, either.
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. Yan declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
The bankers’ information is not available from the 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.
|
Name |
Mr. Yan |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.42 |
|
|
1 |
Rs.81.93 |
|
Euro |
1 |
Rs.67.67 |
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.