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MIRA INFORM REPORT
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Report Date : |
04.02.2012 |
IDENTIFICATION DETAILS
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Name : |
GLORY TRADE FINANCE LIMITED TAIWAN BRANCH
(H.K.) |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
19.09.2001 |
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Com. Reg. No.: |
70818032 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesaling and services of software |
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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 10,000 |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Exists |
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 30th, 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: |
Glory Trade Finance Limited Taiwan
Branch (H.K.) |
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Supplied Name: |
Glory Trade Finance Ltd. |
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Trading Address: |
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Supplied Address: |
11F, nO. 288 Ruguang Road, Taipei. |
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Telephone Number: |
+886-02-2659-0168 |
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Fax Number: |
+886-02-2659-0286 |
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E-mail: |
Notes:
The supplied name is incomplete; the complete one is shown as above.
The supplied address is inaccurate; the accurate one is shown as above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
Glory Trade Finance Limited Taiwan Branch (H.K.) |
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Registered Address: |
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Date of Foundation: |
2001-09-19 |
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Registration Number: |
70818032 |
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Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
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Registered Capital: |
(As of 2012.02, 1 NTD = 0.03384 USD) |
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Legal Representatives: |
Liba Shi |
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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: |
Subject declines to provide the information about staff number due to the confidentiality.
History
Subject was incorporated on 2001-09-19 with registered
number 70818032 as Limited
Liability Company in Taiwan.
Shareholders
Major shareholder
|
Name: |
Glory Trade
Finance Limited |
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Date of
Registration |
2001-09-19 |
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Registered
Number |
70818032 |
Subsidiaries &
Branches
Parent Company
|
Name |
Glory Trade
Finance Limited |
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Date of
Registration |
2001-09-19 |
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Registered
Number |
70818032 |
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Main Activity: |
Wholesaling of
the information about software. |
Personnel
Information
Core
Management
|
Liba Shi |
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Position: |
Management |
Operation
Information
Offices
& Factories
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Headquarters |
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Address: |
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Production
Information
l
Subject is engaged in the manufacturing and selling
of software.
l
The products of the subject are purchased from
Mainland of China; some are made by itself with the corporation of Mainland of
China.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F118010 |
Wholesaling of software. |
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F401010 |
International trade. |
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I301010 |
Services of information about the software. |
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ZZ99999 |
In addition to the business license, the
prohibited or restricted business law of the business. |
l
The materials for production are both purchased
from the domestic market (including Mainland of China) and oversea market.
l
Subject is engaged in the manufacturing and selling
of software, and also providing the services of software.
l
The products of the subject are both selling in the
domestic and overseas markets; the oversea market is mainly focusing on South
America.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Software |
COD, Credit Sales, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Software |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Software |
COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Software |
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 Mr. Kang 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 did not
introduce 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
|
100, Bei Hai Shang, 1 |
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Lawsuit Date: |
2012-01-04 |
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Reason of Lawsuit: |
Damage compensation. |
Interview
Details
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Name |
Mr. Kang |
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E-mail |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.48.96 |
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UK Pound |
1 |
Rs.77.47 |
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Euro |
1 |
Rs.64.39 |
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 |
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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.