MIRA INFORM REPORT
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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
UNITED RAW MATERIAL SOLUTIONS INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
17.11.2003 |
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Com. Reg. No.: |
80542219 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Supplying of the plastic and petrochemical raw materials. |
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No. of Employees
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60 |
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 20,000 |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Notes:
The supplied address is incomplete, and the exact address is as above.
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Credit Rating: |
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Credit Opinion: |
Subject was incorporated
on
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Subscription
Number |
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Jinglun Lin |
4,634,238 |
| Jingzhe
Lin |
422,672 |
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Jingyuan Lin |
359,721 |
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Qianhui Lin |
479,629 |
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Yixiong Lin |
1,648 |
The information above is that of subject’s major shareholders.
Core
Management
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1 |
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Name |
Jinglun Lin |
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Position |
Board Chairman |
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2 |
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Name |
Jingzhe Lin |
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Position |
Director |
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3 |
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Name |
Jingyuan Lin |
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Position |
Director |
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4 |
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Name |
Qianhui Lin |
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Position |
Supervisor |
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5 |
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Name |
Yixiong Lin |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 60 Employees |
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject is a supplier of the plastic and petrochemical raw materials.
Purchase
Information
l
The registered activities of subject:
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Business Code |
Details |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
The components and raw material for production are
mostly purchased from abroad.
l
Subject is mainly involved in supplying of plastic and petrochemical raw materials and
so on.
l
Major products sold
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Product |
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1 |
PDraw Textured Yarn (DTY) |
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2 |
Gas pipe / Potable water pipe / Sewer & drain
pipe / Chemical pipe / Cable conduct |
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3 |
BPA –Polycarbonate Grade |
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4 |
Electronic Components- DRAM |
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5 |
Electronic Raw Materials- Recycled Si Wafer For
Solar Cells |
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6 |
Others |
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 Ms. Shen 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.
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Name |
Ms. Shen |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.50 |
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UK Pound |
1 |
Rs.81.99 |
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Euro |
1 |
Rs.67.54 |
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.