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Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
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Name : |
CHUN LIN DEVELOPMENT TRADING CO., LTD. |
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Formerly Known As : |
SHANG CHUN LIN TRADING CO., LTD. |
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Registered Office : |
11F-1, No.17, Sec.5, Chung Hsiao E. Rd., Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
02.08.2002 |
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Com. Reg. No.: |
80261646 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading of fruit and vegetable, etc |
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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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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) |
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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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Former Name: |
Shang Chun Lin
Trading Co., Ltd. |
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Supplied Name: |
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Trading Address: |
11F-1, No.17, Sec.5, Chung Hsiao E. Rd.,
Taipei, Taiwan, R.O.C. |
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Supplied Address: |
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Telephone Number: |
+886-2-8787-6688 |
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Fax Number: |
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E-mail: |
Notes: The exact address is as above.
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Credit Opinion: |
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Registered Name: |
Chun Lin Development Trading Co., Ltd. |
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Registered Address: |
11F-1, No.17, Sec.5, Chung Hsiao E. Rd., Taipei, Taiwan, R.O.C. |
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Date of Foundation: |
2002-8-2 |
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Registration Number: |
80261646 |
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Registry: |
Taipei City Government |
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Registered Capital: |
NTD 10,000,000
(USD 334,000) (As of 2012.08, 1 NTD = 0.0334 USD) |
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Legal Representatives: |
Xiumi Wang |
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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 declined to disclose its staff number; from other source we
cannot obtain the relevant information, either.
Subject was incorporated on 2002-8-2 with registered
number 80261646 as Limited Liability
Company in Taiwan.
Change of Name
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Former Chinese
Name |
商春林貿易有限公司 |
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Current Chinese
Name |
春林開發貿易有限公司 |
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Former English
Name |
Shang Chun Lin
Trading Co., Ltd. |
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Current English
Name |
Chun Lin
Development Trading Co., Ltd. |
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Name |
Subscription Amount |
|
Xiumi Wang |
9,500,000 |
The information
above is that of subject’s major shareholders.
Core
Management
Directors
|
Name |
Xiumi Wang |
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Position |
Director |
Offices
& Factories
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|
Headquarters |
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Add |
11F-1, No.17, Sec.5, Chung Hsiao E. Rd., Taipei, Taiwan, R.O.C. |
Production
Information
l
Subject is a trader of fruit and vegetable, etc without any
production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F401010 |
International trade business |
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F101130 |
Wholesale of fruit and vegetable |
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F101040 |
Wholesale of domestic animal and poultry |
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F101050 |
Wholesale of aquatic product |
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F102030 |
Wholesale of cigarette and wine |
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F102040 |
Wholesale of beverage |
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F102050 |
Wholesale of tea leaf |
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F102170 |
Wholesale of food and groceries |
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F104110 |
Wholesale of textiles, garment, shoe, hat,
umbrella, and accessories |
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F105050 |
Wholesale of furniture, bedding, kitchen utensil,
and adornment |
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F106050 |
Wholesale of ceramic and glass product |
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F107030 |
Wholesale of cleaning supplies |
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F107990 |
Wholesale of other chemicals |
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F108040 |
Wholesale of cosmetic |
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F121010 |
Wholesale of food additives |
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IG01010 |
Service of biotechnology |
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IG02010 |
Service of research and development |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
It is introduced that subject purchase products both
home and abroad.
l
Some of subject’s purchase information as follows
for reference:
|
Product |
Origin |
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Yams, apple, peach, cantaloupes |
Japan |
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Garlic, peanut, ormosia, wine |
Argentina |
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Cauliflower, potato, beet |
America |
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Cabbages, ginseng, pickled vegetable, muskmelon |
South Korea |
l
Subject is engaged in sales of fruit and vegetable,
etc.
l
Subject’s major customers include wholesale market,
traditional vendor, supermarket, and direct customers, etc.
l
Subject’s sales regions include Taiwan domestic
market, other Asian countries, Europe, and America, etc.
Major products
sold
|
Type |
Product |
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Fresh Vegetables |
Yams, Purple Potatoes, Red Potatoes, Potatoes, Colored
Bell Pepper, Onion, Cabbages, Carrots, Green Peppers, Hot Peppers,
Cauliflowers |
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Fresh Fruits |
Strawberry, Watermelon |
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Frozen Vegetables |
Frozen Green Pea, Frozen Carrot Dices, Frozen
Cauliflower, Lilium Japonicum |
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase (Taiwan)
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Payment Terms |
Proportion |
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Fruit and vegetable |
COD, CBD, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Fruit and vegetable |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
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Fruit and vegetable |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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|
Fruit and vegetable |
CBD, 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 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
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. Wang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
|
1 |
Rs.87.55 |
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Euro |
1 |
Rs.68.68 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
-- |
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.