MIRA INFORM REPORT
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Report Date : |
24.04.2012 |
IDENTIFICATION DETAILS
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Name : |
LLE ENGINE PARTS TRADING CO., LTD. |
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Registered Office : |
1/F., |
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Country : |
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Date of Incorporation : |
28.03.2000 |
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Com. Reg. No.: |
70731417 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of engine products and the related products |
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No. of Employees
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Not Available |
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 : |
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: |
48 Chang Ho Rd Section 1 Changhwa City
Changhwa Hsien 500 Taiwan |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes:
The exact registered name of subject in Taiwan is as above. And the supplied name belongs to the subject’s factory in the mainland of China.
The exact address is as above.
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Credit Rating: |
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Credit Opinion: |
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Registered Name: |
LLE Engine Parts Trading Co., Ltd. |
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Registered Address: |
1/F., No.48.Sec.1 Chang-Ho Road,
Chang-Hwa City, Taiwan, R.O.C |
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Date of Foundation: |
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Registration Number: |
70731417 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2012.4, 1 NTD = 0.03362 USD) |
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Legal Representatives: |
Shujun Chen |
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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 disclose the staff number, and from other sources, we couldn’t obtain the information, either.
Subject was incorporated on
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Subscription Share |
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Shujun Chen
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150,000 |
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Mingsen Chen |
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500,000 |
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The information above is that of subject’s major shareholders.
Factory
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Name |
TDC Auto Parts
(Shanghai) Co., Ltd. |
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Address |
Unit 14th Building,
2/F, No. 125, Fu Te North Road, Waigaoqiao Free Zone, Shanghai, China |
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Telephone Number |
+86-21-5866-1286 |
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Fax Number |
+86-21-5868-5056 |
Core
Management
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1 |
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Name |
Shujun Chen |
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Position |
Board of
Chairman |
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2 |
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Name |
Mingsen Chen |
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Position |
Director |
Offices
& Factories
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Headquarters |
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Add |
Production
Information
l
Subject is a manufacturer of engine products with the production
activities
Purchase
Information
l
The registered activities of subject:
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Business Code |
Details |
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F114030 |
Wholesale of the components for motor. |
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F113010 |
Wholesale of machinery. |
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F401010 |
International trade |
l
The components and raw material for production are
mostly purchased from local.
l
Subject is mainly engaged in manufacturing and
trading of engine products and the
related products.
l
Subject introduced that
subject in Taiwan is mainly involved in accepting the orders from the clients,
and the factory in the mainland of China is mainly involved in manufacturing
and processing the products.
l
Subject introduced that
it also supplies to OE for Nissan, BMW,
Renault, Peugeot, Fiat, Citroen, Caterpiallar, etc.
l
Subject sells the
products to 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 Ms. Chan declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Subject declined to disclose the bankers’ information, but she confirmed
that Bank of Taiwan is one of the subject’s bankers.
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. Chan |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.23 |
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UK Pound |
1 |
Rs.84.16 |
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Euro |
1 |
Rs.68.84 |
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.