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Report Date : |
07.08.2012 |
IDENTIFICATION DETAILS
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Name : |
GREEN-CHEER TRADE CO., LTD. |
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Registered Office : |
1F., No.196, Ln. 239, Sec. 4, Shanjiao Rd., Shetou Township,
Changhua County 51151 |
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Country : |
Taiwan |
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Date of Incorporation : |
29.04.1994 |
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Com. Reg. No.: |
84851139 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importing of leather products, etc |
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No. of Employees : |
About 10 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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: |
1F., No.196, Ln. 239, Sec. 4, Shanjiao Rd.,
Shetou Township, Changhua County 51151, Taiwan (R.O.C.) |
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Supplied Address: |
|
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Telephone Number: |
+886-4-872-1855 |
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Fax Number: |
Note: the exact name and address are as above.
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Credit Opinion: |
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Registered Name: |
Green-Cheer Trade Co., Ltd. |
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Registered Address: |
1F., No.196, Ln. 239, Sec. 4, Shanjiao Rd., Shetou Township, Changhua
County 51151, Taiwan (R.O.C.) |
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Date of Foundation: |
1994-4-29 |
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Registration Number: |
84851139 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
NTD 5,000,000 (USD
166,500) (As of 2012.08, 1 NTD = 0.0333 USD) |
|
Legal Representatives: |
Bixing Jiang |
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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 1994-4-29 with registered number 84851139 as Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Bixing Jiang |
2,250,000 |
|
Jinsheng Chen |
|
|
1,250,000 |
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The information above is that of subject’s major shareholders.
Core
Management
|
1 |
|
|
Name |
Bixing Jiang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Jinsheng Chen |
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Position |
Director |
Personnel
Structure
|
Total Employees |
About 10 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
1F., No.196, Ln.
239, Sec. 4, Shanjiao Rd., Shetou Township, Changhua County 51151, Taiwan
(R.O.C.) |
Production
Information
l
Subject is a trader of leather product without any
production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Trading of garments, suitcase, bag, shoe, and
belt |
|
-- |
Sales of leather materials |
|
-- |
Import and export business of above product |
|
CA01010 |
Manufacturing of leather |
|
C401020 |
Manufacturing of fur |
|
C402010 |
Manufacturing of fur product |
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C402020 |
Manufacturing of leather clothing, chaparejos |
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CK01010 |
Manufacturing of shoes |
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CM01010 |
Manufacturing of bag, reticule, suitcase |
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F104010 |
Wholesale of textile |
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F104020 |
Wholesale of garments |
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F104030 |
Wholesale of shoes |
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F104040 |
Wholesale of bag, reticule, suitcase |
|
F204010 |
Retail of textile |
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F204020 |
Retail of garments |
|
F204030 |
Retail of shoes |
|
F204040 |
Retail of bag, reticule, suitcase |
|
F401010 |
International trade business |
l
The products are mostly purchased from abroad.
l
The subject has a
proportion of 100% for import.
Sales
Information
l
Subject is engaged in sales of leather products such
as parchment-dressed goat leather, etc
l
Subject’s sales region is only in Taiwan domestic
market.
l
Subject’s customers include garment manufacturer,
shoe manufacturer and bag manufacturer, etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
Subject has little
domestic purchase.
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Leather products |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Leather products |
COD, CBD, etc |
100% |
Export
Subject has little export.
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. Jiang 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 cannot 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. Jiang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.47 |
|
UK Pound |
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.68.66 |
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 |
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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 |
|
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.