MIRA INFORM REPORT

Report Date :

24.08.2012

IDENTIFICATION DETAILS

Name :	UNIEXCEL LIMITED

Registered Office :	10F, No.356, Fu Hsing North Road, Taipei

Country :	Taiwan

Date of Incorporation :	15.02.2001

Com. Reg. No.:	97164133

Legal Form :	Private Limited Company (Foreign Company)

Line of Business :	Trading of Plasticizing raw materials, etc

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
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 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Taiwan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Contact Points

Company Name:	UNIEXCEL LIMITED
Supplied Name:	UNIEXCEL LTD.
Trading Address:	10F, No.356, Fu Hsing North Road, Taipei, Taiwan, R.O.C.
Supplied Address:	356, FU-Hsing North Road taipei
Telephone Number:	+886-2-2506-8570
Fax Number:	+886-2-2506-0547
E-mail:	deddy.huang@uniexcel.group.com.tw

Notes: Subject’s exact name and address are as above.

Credit Summary

Credit Opinion:

Business connections are permissible.

Company Identification Details

Registered Name:	UNIEXCEL LIMITED
Registered Address:	10F, No.356, Fu Hsing North Road, Taipei, Taiwan, R.O.C.
Date of Foundation:	2001-2-15
Registration Number:	97164133
Registry:	Department of Commerce, Ministry of Economic Affairs, R.O.C.
Registered Capital:	NTD 5,000,000 (USD 167,000) (As of 2012.08, 1 NTD = 0.0334 USD)
Litigation And Non-Litigation Agent Name	Suresh Kumar Chauhan
Legal Form:	Private Limited Company (Foreign Company)
Principal Activities:	Trading of Plasticizing raw materials, etc
Staff:	N/A
Listed at Stock Exchange:	No
Date of Last Annual Return:	2007-8-21

Notes: Subject did not introduce its staff number; from other source we can not obtain the relevant information, either.

History

Subject was incorporated on 2001-2-15 with registered number 97164133 as Private Limited Company in Taiwan.

Shareholders

We did not find any information on shareholders in the local registry or other available sources.

Subsidiaries & Branches

Registered Branch

Branch Registered Number:	97164133
Branch Name	Taiwan Branch
Branch Manager	Suresh Kumar Chauhan
Address	10F, No.356, Fu Hsing North Road, Taipei, Taiwan, R.O.C.
Date of Foundation:s	2001-2-15
Date of Last Annual Return:	2007-8-21

Personnel Information

Core Management

Name	Suresh Kumar Chauhan
Position	Litigation And Non-Litigation Agent Name

Operation Information

Offices & Factories

	Headquarters
Add	10F, No.356, Fu Hsing North Road, Taipei, Taiwan, R.O.C.

Production Information

l Subject is a trader of plasticizing raw materials without any production activities

Purchase Information

l The registered activities of subject:

1	General import and export trading business Besides licensed business
2	Bidding and price quoting service of the above mentioned items for domestic and overseas market.
3	Business in China must not beyond the scope of the company’s operating

l Subject purchases mainly from its cooperative manufacturers in Taiwan.

l Subject’s suppliers are mainly manufacturers of plasticizing raw materials, etc

Sales Information

l The subject is mainly engaged in sales of plasticizing raw materials, etc

l Subject’s products are applied to plastics industry

l Subject’s products are both sold in domestic and overseas market and it is introduced that subject exports to India, etc

Import and export right:

Import right	Yes
Export right	Yes

Settlements

Purchase

Domestic Purchase

Product	Payment Terms	Proportion
Plasticizing raw materials, etc	COD, CBD, Credit Sales, etc	100%

Foreign Purchase

Subject has little import business

Sales

Domestic Markets

Product	Payment/Sales Terms	Proportion
Plasticizing raw materials, etc	CBD, COD, etc	100%

Export

Product	Payment/Sales Terms	Proportion
Plasticizing raw materials, etc	T/T, L/C, etc	100%

Financial Information

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. Huang declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

Bankers

Subject declined to disclose its bank details; from other source we can not obtain the relevant information, either.

Public Record

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.

Interview Details

Name	Ms. Huang
Department	Sales department

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.19
UK Pound	1	Rs.87.65
Euro	1	Rs.69.16

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.