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Report Date : |
14.08.2012 |
IDENTIFICATION DETAILS
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Name : |
JOO SHUN CO., LTD. |
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Registered Office : |
No.6, Ln. 251, Guanghua Rd., Guoxi Vil., Daliao Dist.,
Kaohsiung City 831 |
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Country : |
Taiwan |
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Date of Incorporation : |
31.12.2007 |
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Com. Reg. No.: |
28905999 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The sales of CR coils, CR sheets, Tin plates and steel products, etc. |
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No. of Employees : |
Less than 5 employees (estimated) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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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: |
+886-7-787-1151 |
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Fax Number: |
Notes: Subject’s exact name and address are as above.
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Credit Opinion: |
Notes: Subject did not introduce its staff number; we supplied the estimated staff information as above for reference.
Subject was incorporated on
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Name |
Subscription Amount |
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Zongxun Xie |
3,000,000 |
The information above is that of subject’s major shareholders.
Core
Management
|
Name |
Zongxun Xie |
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Position |
Director |
Offices
& Factories
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|
Headquarters |
|
Add |
|
l
Subject is engaged in trading of CR coils, CR sheets, Tin plates, steel
products, etc. without any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
ZZ99999 |
Besides licensed business, all other business items
those are not banned or restricted. |
l
Subject purchases both at
home and abroad.
l
The subject is mainly
engaged in sales of CR coils, CR sheets, Tin plates, steel products, etc.
l
The subject has both domestic
and foreign markets and it is introduced that at present subject’s export
proportion reaches 81% - 90%
Major products sold
|
Product |
Sales Region |
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CR coils, CR sheets,
Tin plates, steel products, etc. |
Local area, mainland of China |
|
CR coils, CR sheets,
Tin plates, steel products, etc. |
Europe, America, Asia countries, etc. |
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
CR coils, CR sheets, Tin plates, steel products, etc. |
CBD, COD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
CR coils, CR sheets, Tin plates, steel products, etc. |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
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CR coils, CR sheets, Tin plates, steel products, etc. |
CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
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|
CR coils, CR sheets, Tin plates, steel products, 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 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.42 |
|
UK Pound |
1 |
Rs.86.78 |
|
Euro |
1 |
Rs.68.03 |
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 |
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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 |
|
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 |
|
<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.