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Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
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Name : |
S.M.S. TECHNOLOGY CO., LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
13.12.2002 |
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Com. Reg. No.: |
80306123 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of specialty chemicals, etc |
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No. of Employees : |
About 10 Employees (Taiwan) About 30 employees
(Taiwan office and factory in the mainland of China) |
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 : |
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: |
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Supplied Address: |
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Telephone Number: |
+886-2-2797-2998 |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and address are as above and the supplied E-mail info@intonline.org and website www.intonline.org belong to another company named I.n.t International Inc. and it is introduced that I.n.t International Inc. is a part separated from S.M.S Group and now it is operating independently.
|
Credit Opinion: |
Subject was incorporated on
|
Name |
Subscription Shares |
|
Zhongan Xue |
1,286,768 |
|
Suwei Xue |
|
|
1,167,900 |
|
|
Fengzhu Xuehong |
1,099,872 |
|
Shengren Yang |
580,069 |
|
Caixue Zheng |
795,154 |
The information above is that of subject’s major shareholders.
Related Company:
|
Name |
I.n.t
International Inc |
|
Address: |
Taipei City,
Taiwan |
|
Tel: |
+886-2-2797-2398 |
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E-mail: |
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Activities: |
Sales of dyestuff, etc |
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Notes: |
It is introduced that I.n.t International Inc. is a part separated
from S.M.S Group and now it is operating independently. |
It is introduced that subject has a factory in Hangzhou, Zhejiang Province, China, while the details are not disclosed.
Core
Management
|
1 |
|
|
Name |
Zhongan Xue |
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Position |
Board Chairman |
|
2 |
|
|
Name |
Suwei Xue |
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Position |
Director |
|
3 |
|
|
Name |
Fengzhu Xuehong |
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Position |
Director |
|
4 |
|
|
Name |
Shengren Yang |
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Position |
Supervisor |
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5 |
|
|
Name |
Caixue Zheng |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 10 Employees (Taiwan) About 30 employees
(Taiwan office and factory in the mainland of China) |
Offices
& Factories
|
|
Headquarters |
|
Add |
|
Production
Information
l
Subject’s factory in the mainland of China is
engaged in manufacture of specialty chemicals
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C801030 |
Manufacture of Precision chemical materials |
|
C802120 |
Manufacture of industrial additives |
|
C802200 |
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C802990 |
Manufacture of other chemical products |
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F107010 |
Wholesales of Paints and coatings |
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F107020 |
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F107170 |
Wholesales of industrial additives |
|
F107200 |
Wholesales of chemical materials |
|
F107990 |
Wholesales of other chemical products |
|
F401010 |
International Trading Business |
|
ZZ99999 |
Besides licensed business, all other business items
those are not banned or restricted. |
l
Subject purchases both at home and abroad according
to the specific condition.
l
Subject imports from Japan and South Korea, etc
l
The subject is mainly engaged in sales of specialty
chemicals, etc
l
Subject’s major products are Photosensitive Compounds
and Fluorene
Derivatives Special Fine Chemicals those applied to manufacture of
Touch equipment and LED products, etc
l
Subject’s products are both sold in domestic and
overseas market.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials,
etc |
COD, Credit
Sales, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Raw materials,
etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Specialty
chemicals, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Specialty
chemicals, 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. Xue 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. Xue |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
UK Pound |
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.