MIRA INFORM REPORT

 

 

Report Date :

27.08.2012

 

IDENTIFICATION DETAILS

 

Name :

CHAMPION BENEFIT ENTERPRISES CO., LTD.

 

 

Registered Office :

5F., No.132, Sinhu 3rd Rd., Neihu District, Taipei City 114, Taiwan, R.O.C.

 

 

Country :

Taiwan

 

 

Date of Incorporation :

25.11.1983

 

 

Com. Reg. No.:

34649759

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Trader of chemical and industrial materials

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Contact Points

 

Company Name:

Champion Benefit Enterprises Co., Ltd.

Supplied Name:

Champion Benefit Enterprises Co

Trading Address:

5F., No.132, Sinhu 3rd Rd., Neihu District, Taipei City 114, Taiwan, R.O.C.

Supplied Address:

5th Floor No. 132 Sinhu 3rd Road Neihu District Taipei

Telephone Number:

+886-2-2793-8869

Fax Number:

+886-2-2793-8959

E-mail:

chambeco@ms78.hinet.net

Notes: The exact name and address are as above.

 

 

Company Identification Details

 

Registered Name:

Champion Benefit Enterprises Co., Ltd.

Registered Address:

5F., No.132, Sinhu 3rd Rd., Neihu District, Taipei City 114, Taiwan, R.O.C.

Date of Foundation:

1983-11-25

Registration Number:

34649759

Registry:

Taipei City Government

Registered Capital:

NTD 35,000,000 (USD 1,169,000)

(As of 2012.08, 1 NTD = 0.0334 USD)

Paid-up Capital:

NTD 35,000,000 (USD 1,169,000)

Legal Representatives:

Xiue Lizhou

Legal Form:

Joint Stock Company

Principal Activities:

Trader of chemical and industrial materials

Staff:

N/A

Listed at Stock Exchange:

No

Date of Last Annual Return:

2012-1-18

Notes: Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.

 

History

 

Subject was incorporated on 1983-11-25 with registered number 34649759 as Joint Stock Company in Taiwan.

 

Change of Name

Former Chinese Name

強地企業有限公司

Current Chinese Name

強地企業股份有限公司

 

 

Shareholders

 

Name

Subscription Shares

Xiue Lizhou

600,000

Jibo Zhou

53,000

Fuzi Lizhou

525,000

Yide Zhou

500,000

Jilu Zhou

292,000

 

The information above is that of subject’s major shareholders.

 

 

Subsidiaries & Branches

 

Related Companies

Name

Constrong Enterprises Co., Ltd.

Date of Foundation

1992-6-23

Address

1 Floor, No.71-95 South Shili, Linkou District, New Taipei City

Registered Number

86726761

 

 

Personnel Information

 

Core Management

 

Directors

1

Name

Xiue Lizhou

Position

Board Director

2

Name

Jibo Zhou

Position

Director

3

Name

Fuzi Lizhou

Position

Director

4

Name

Yide Zhou

Position

Director

5

Name

Jilu Zhou

Position

Supervisor

 

 

Operation Information

 

Offices & Factories

 

 

Headquarters

Add

5F., No.132, Sinhu 3rd Rd., Neihu District, Taipei City 114, Taiwan, R.O.C.

 

Production Information

 

l  Subject is a trader of chemical and industrial materials without any production activities

 

Purchase Information

 

l  The registered activities of subject:

Business Code

Details

--

Agent of import and export business for home and overseas companies

 --

Sales of industrial chemicals

ZZ99999

Besides licensed business, all other business items those are not banned or restricted.

 

l  Subject purchase products from Taiwan and America, etc.

 

Sales Information

 

l  Subject is engaged in sales of chemical and industrial materials, etc.

l  Subject’s sales regions include Europe, Asia, Middle East and America, etc.

l  Subject obtained product dealerships with many companies such as Lee Chang Yung Chemical Industry Corporation, Chang-Chun Petrochemical Co., Ltd., Acton Technologies, Inc., Haemo-Sol, Ltd., General Chemical Corporation, Shiny Chemical Industrial Co., Ltd., Taiwan Prosperity Chemical Corporation, Formosa Chemicals & Fibre Corporation, and Nan Ya Plastics Corporation.

l  The products sold by subject obtained the certification of ISO 9001:2000.

l  It is introduced that subject has a warehouse about 3,000 square meters in Taiwan.

 

Major products sold

 

Product

1

Electronic grade isopropyl alcohol

2

Propyl alcohol

3

Hydrogen peroxide

4

Acetic acid glacial

5

Methanol

6

Potassium persulfate

7

Ammonium persulfate

8

Sodium persulfate

9

Sodium hyposulfite

10

MEK

11

DMF

12

EAC

13

PBT

14

Electronic and medical detergents

 

Import and export right:

Import right

Yes

Export right

Yes

 

 

Settlements

 

Purchase

 

Domestic Purchase (Taiwan and Mainland, China)

Product

Payment Terms

Proportion

Chemicals, etc

COD, CBD, etc

100%

 

Foreign Purchase

Product

Payment Terms

Proportion

Chemicals, etc

CBD, etc

100%

 

Sales

 

Domestic Markets (Taiwan)

Product

Sales Terms

Proportion

Chemicals, etc

COD, CBD, etc

100%

 

Export

Product

Sales Terms

Proportion

Chemicals, etc

CBD, etc

100%

Notes: Subject’s settlement for export is generally in USD


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 Mr. Li 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 cannot 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

Mr. Li

Department

Sales Department

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.38

UK Pound

1

Rs.87.79

Euro

1

Rs.69.47

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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