MIRA INFORM REPORT
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Report Date : |
25.04.2012 |
IDENTIFICATION DETAILS
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Name : |
FINIAL INTERNATIONAL CORPORATION |
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Registered Office : |
131, |
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Country : |
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Date of Incorporation : |
04.07.1997 |
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Com. Reg. No.: |
16055727 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of food products. |
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No. of Employees
: |
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 50,000 |
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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: |
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Telephone Number: |
+886-3-4697387/+886-3-4699192 |
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Fax Number: |
Notes: subject’s
exact name and address are as above.
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Credit Rating: |
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Credit Opinion: |
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Registered Name: |
Finial International Corporation |
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Registered Address: |
131, Kwan Yu North St., Yang-Mei, Tao Yuan 326, Taiwan, R.O.C. |
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Date of Foundation: |
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Registration Number: |
16055727 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2012.04, 1 NTD = 0.0339 USD) |
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Paid-up Capital: |
NTD 20,160,000 (USD 683,424) |
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Legal Representatives: |
Huizhi 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: |
Notes: Subject did not introduce its staff number; from
other source we can not obtain the relevant information, either.
Subject was incorporated on
|
Name |
Subscription Shares |
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Squareform Development
Co., Ltd (Literal Translated) |
868,000 |
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Yeuan Yeou
Enterprise Co., Ltd |
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958,000 |
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Well Stand Tea Co., Ltd |
190,000 |
The information above is that of subject’s major shareholders.
Relate Companies
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1 |
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Name |
Squareform
Development Co., Ltd (Literal Translated) |
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Address: |
Taiwan |
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2 |
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Name |
Yeuan Yeou
Enterprise Co., Ltd |
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Address: |
No. 19, the
Industrial No. 10 Road, Ping Cheng Industrial Park, Chungli City, Taoyuan
County, Taiwan. |
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Telephone Number |
+886-3-469-9387 |
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Fax Number |
+886-3-469-5179 |
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3 |
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Name |
Well Stand Tea
Co., Ltd |
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Address: |
No. 59,
Chenggong Street, Guantian Industrial Area, Guantian District, Tainan City,
Taiwan |
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Telephone Number |
+886-3-693-5678 |
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Fax Number |
+886-3-695-5588 |
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4 |
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Name |
Well Stand Foods
(Langxi) Co., Ltd |
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Address: |
Shizi Town,
Langxi County, Xuancheng City, Anhui Province, China |
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Telephone Number |
+86-563-7888-111 |
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Fax Number |
+86-563-7886-888 |
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5 |
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Name |
Yenew Foods
(Kunshan) Co., Ltd |
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Address: |
No. 1058,
Huanqing Road, Yushan Town High Tech Industry Park, Kunshan City, Jiangsu
Province, China |
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Telephone Number |
+86-512-5779-6789 |
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Fax Number |
+86-512-5779-7198 |
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6 |
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Name |
Yeuan Yeou (Thailand)
Co., Ltd |
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Address: |
No.502, Moo 3,
Phraprathon-Banpaew Road, Tambol Don Yai Hom, Amphur Muang Nakhonpathom,
Nakhonpathom, Province, Thailand. |
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Telephone Number |
+66-34-388303 |
Core
Management
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1 |
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Name |
Huizhi Li |
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Position |
Board Chairman |
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2 |
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Name |
Maoheng Zhu |
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Position |
Director |
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3 |
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Name |
Baofa Chen |
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Position |
Director |
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4 |
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Name |
Chuiting Chen |
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Position |
Supervisor |
Offices
& Factories
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Headquarters |
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Add |
No. 19, the Industrial No. 10 Road, Ping Cheng Industrial Park, Chungli
City, Taoyuan County, Taiwan. |
Production
Information
l
Subject’s group is engaged in manufacture of food
and food additives.
l
Subject has related factories in Taiwan, the
mainland of China and Thailand.
Purchase
Information
l
The major ered activities of subject:
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Business Code |
Details |
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General import and export trading business Besides licensed business, |
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Sales of catering equipment |
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Sales of food |
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Bidding service, price quoting service of the
above mentioned products for domestic and overseas customers |
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Sales of eatable oil and fat |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
Subject purchase both at
home and abroad.
l
It is introduced that
subject’s group is also the agent for Ulmer Spatz Diamalt (Germany)
l
The subject is mainly
engaged in food and food additives including tea, coffee, grain powder, natural
pigment and others, etc
l
Subject’s products are
both sold in domestic and overseas market and subject’s customers are mainly
food factories, etc
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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Raw materials, etc |
CBD, COD, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Baking materials, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Food and food additives, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Food and food additives, 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 Ms. Wang 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 its bank details; from other source we can
not obtain the relevant information, either.
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 |
Ms. Wang |
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Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.52.79 |
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UK Pound |
1 |
Rs.85.17 |
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Euro |
1 |
Rs.69.53 |
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.