MIRA INFORM REPORT
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Report Date : |
04.02.2012 |
IDENTIFICATION DETAILS
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Name : |
MIN LEE CO., LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
28.06.1996 |
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Com. Reg. No.: |
97086165 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trade of jade, coral, agate, etc jewelry. |
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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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Maximum Credit Limit : |
USD 120,000 |
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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 – 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
Notes:
The supplied address is incomplete, and the exact address is as above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Special
Note
According to the supplied name and address, we found a
telephone number (+886 2-2509-8358),
a lady answered the phone, but she declined to disclose the information about
subject except the name and address of subject. And from other sources, we
could find little information about subject.
The registration
files show that subject is engaged in
trading of jade, coral, agate,
etc jewelry, since subject refused to confirm the information, we can
not confirm the information.
We found subject’s
registration information as follows for reference.
Company
Identification Details
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Registered Name: |
Min Lee Co., Ltd. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
97086165 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2012.2, 1 NTD = 0.03373 USD) |
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Paid-up Capital: |
NTD 1,200,000 (USD 40,475.0) |
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Legal Representatives: |
Mingcai Chen |
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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: |
The staff number is not available from the subject or other sources.
History
Subject was incorporated on
Shareholders
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Name |
Subscription
Amount |
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Mingcai Chen |
400,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
Name |
Mingcai Chen |
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Position |
Director |
Operation
Information
Offices
& Factories
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Headquarters |
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Add |
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Operation
Information
Subject declined to disclose the operation about subject, and from other
sources, we couldn’t obtain the information about subject.
We obtained the registered activities of the subject as follows for
reference.
l
The registered activities of subject:
|
Business Code |
Details |
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1 |
Trade of Taiwan jade coral, agate, etc jewelry. |
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2 |
Process, buy and change of golden, silver
jewelry |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Subject declined
the settlements information, and from other sources, we couldn’t obtain the
information, either.
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 declined to disclose its financials citing the
grounds of company’s confidentiality; from other source we can not obtain the
relevant information, either.
Bankers
The bankers’ information is not available from the
subject or other sources.
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
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Name |
N/A |
Note:
A madam refused to disclose her name.
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.