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Report Date : |
04.08.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
VIVA METAL GLOBAL TRADING CORP. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
14.12.2005 |
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Com. Reg. No.: |
27699985 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trader of steel and steel products. |
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No. of Employees : |
About 3 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Notes:
The supplied name is the trading name of subject, and the exact registered name of subject is as above.
The supplied address is incomplete, and the exact address is as above.
|
Credit Opinion: |
|
Registered Name: |
Viva Metal Global
Trading Corp. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
27699985 |
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Registry: |
Economic Development
Bureau, Kaohsiung City |
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Registered Capital: |
(As of 2012.8, 1 NTD =
0.03334 USD) |
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Legal Representatives: |
Dechang Wu |
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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
was incorporated on
|
Name |
Subscription
Amount |
|
Dechang Wu |
3,000,000 |
The information above is that of subject’s major shareholders.
Core Management
|
Name |
Dechang Wu |
|
Position |
Director |
Offices
& Factories
|
|
Headquarters |
|
Add |
|
Personnel
Structure
|
Total Employees |
About 3 Employees |
Production
Information
l
Subject is a trader of steel and steel products
without any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F111090 |
Wholesale of
building materials |
|
F106010 |
Wholesale of
hardware |
|
F113010 |
Wholesale of
machinery |
|
F113030 |
Wholesale of
Precious instrument |
|
F206010 |
Retail of
hardware |
|
F211010 |
Retail of
building materials |
|
F213080 |
Retail of
machinery |
|
F213040 |
Retail of
Precious instrument |
|
F401010 |
International
trade |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
The productions are purchased from the mainland of
China and Taiwan.
l
Subject is mainly engaged in trading of steel and
steel products.
l
Subject introduced that the products are mainly
purchased from the mainland of China and Taiwan.
l
Subject introduced that it exports the products to
many countries, such as Asia, USA, Europe and so on.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Subject declined to disclose the purchase settlements information, and from other sources, we couldn’t obtain the information, either.
Sales
Domestic Markets (Taiwan)
Subject seldom sells to domestic market
Export
|
Sales Terms |
Proportion |
|
|
Steel |
L/C, etc |
100% |
Notes:
Subject’s settlement for export is generally in USD
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. Wu 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. Wu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.08 |
|
UK Pound |
1 |
Rs.87.03 |
|
Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.