MIRA
INFORM REPORT
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Report Date : |
02.02.2012 |
IDENTIFICATION DETAILS
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Name : |
JOHNSON SEAFOOD CO., LTD. |
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Registered Office : |
1F., No.193,195, Fo Daw Rd., Chang Zun Dist., Kaohsiung City |
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Country : |
Taiwan |
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Date of Incorporation : |
12.06.1996 |
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Com. Reg. No.: |
89761988 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Cultivation, import and sales of sea food, etc. |
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No. of Employees : |
Not Available |
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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Maximum Credit Limit : |
USD 20,000 |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Contact Points
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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: |
+886-7-8221854 |
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Fax Number: |
Notes:
The exact subject’s name and address are as above mentioned.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
Subject declined
to introduce its staff number.
History
Subject was incorporated on 1996-6-12 with registered
number 89761988 as Joint Stock Company in Taiwan.
Change of Name
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Former Chinese
Name |
佳陞水產有限公司 |
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Current Chinese
Name |
佳陞水產股份有限公司 |
Shareholders
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Name |
Subscription Shares |
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Zhipeng Chen |
950,000 |
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Jiayin Lin |
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950,000 |
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Xiping Chen |
70,000 |
The information
above is that of subject’s major shareholders.
Subsidiaries & Branches
Personnel Information
Core
Management
Directors
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1 |
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Name |
Zhipeng Chen |
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Position |
Chairman |
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2 |
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Name |
Jiayin Lin |
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Position |
Director |
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3 |
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Name |
Xiping Chen |
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Position |
Director |
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4 |
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Name |
Yingzhou Li |
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Position |
Supervisor |
Operation Information
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject is a trader of sea food, etc.
l
Subject has its own cultivation.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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1 |
Trading, import and export of sea food |
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2 |
General import and export |
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F101030 |
Wholesales of fruit |
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F101050 |
Wholesales of aquatic |
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F102010 |
Wholesales of Frozen food |
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F102070 |
Wholesales of canned food |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted |
Besides licensed business, all other business items those are not banned or
restricted.
l
The subject has a
proportion of 50% for Import.
l
Subject also imports from
India, Bangladesh,
Vietnam, Thailand, Japan, Australia, New Zealand, Mexico, Chile, Norway,
Canada, etc.
l
The subject is mainly engaged in sales of sea food.
l
Subject’s products include live hairy sea crab, lobster, salmon, pomfret, king crab, shrimp, white
shrimp, scallops, abalone, shellfish and snails, etc.
l
Subject only sells to domestic markets.
l
The subject has no
proportion for export.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
Notes: Subject seldom purchases from domestic markets.
Foreign Purchase
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Payment Terms |
Proportion |
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Sea food, etc. |
COD, CBD, etc. |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Sea food, etc. |
COD, CBD, etc. |
100% |
Export
Notes: Subject has no export.
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. Lin declined to disclose its financials
citing the grounds of company’s confidentiality; 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. Lin |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.53 |
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|
1 |
Rs.77.95 |
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Euro |
1 |
Rs.64.66 |
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.