MIRA INFORM REPORT
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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
HAPPINESS GREAT INDUSTRIAL CO., LTD. |
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Registered Office : |
3F, No.4, Alley 9, Lane 73, Sec.3, King Cheng Rd., Tucheng Dist., New Taipei City 236 |
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Country : |
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Date of Incorporation : |
05.01.1989 |
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Com. Reg. No.: |
23179273 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of ink, etc |
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No. of Employees
: |
Not available |
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 20,000 |
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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 – 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 |
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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: |
+886-2-22976085/22976086 |
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Fax Number: |
Notes:
The exact subject’s name and address are as above mentioned.
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Credit Rating: |
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Credit Opinion: |
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Registered Name: |
Happiness Great Industrial Co., Ltd. |
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Registered Address: |
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Date of Foundation: |
1989-1-5 |
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Registration Number: |
23179273 |
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Registry: |
Government of New Taipei City |
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Registered Capital: |
(As of 2012.04, 1 NTD = 0.033 USD) |
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Paid-up Capital: |
NTD 5,000,000 (USD 165,000) |
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Legal Representatives: |
Guangting Li |
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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 introduce its staff number.
Subject was incorporated on 1989-1-5 with registered
number 23179273 as Private
Limited Liability Company in Taiwan.
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Name |
Subscription Amount |
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Guangting Li |
2,500,000 |
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Qingmei Qiu |
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2,000,000 |
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Guangcan Li |
300,000 |
The information
above is that of subject’s major shareholders.
Core
Management
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1 |
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Name |
Guangting Li |
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Position |
Chairman |
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2 |
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Name |
Qingmei Qiu |
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Position |
Director |
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3 |
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Name |
Guangcan Li |
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Position |
Director |
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject produces ink, etc. and has its factory in
Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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1 |
Manufacturing and processing business of dealing
in leather coatings and additives |
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2 |
Agent for import and export business and domestic
and foreign manufacturers products wholesale offer and tender business |
Besides licensed business, all other business items those are not banned
or restricted.
l
The components and raw material for production are
purchased from both domestic and abroad.
l
The subject has a
proportion of 50% for Import
l
The subject is mainly engaged in manufacturing and
processing of various paintings, etc.
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Subject sells ink, paintings, bymiddels and etc.
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Subject has both domestic and foreign markets.
l
Subject exports according to orders.
l
The subject has a
proportion of 50% for export.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
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Payment Terms |
Proportion |
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Components and raw material |
COD, CBD, etc. |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Components and raw material |
CBD, etc. |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Paintings, etc. |
CBD, etc. |
100% |
Export
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Sales Terms |
Proportion |
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Paintings, 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’s relevant staff 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 bankers is not available from subject and any 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. Zhang |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
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.