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Report Date : |
14.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUN YANG GLOBAL CO., LTD. |
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Registered Office : |
11f., No.168, Songjiang Rd., Zhongshan Dist., Taipei City 104 |
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Country : |
Taiwan |
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Date of Incorporation : |
08.01.2010 |
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Com. Reg. No.: |
24494361 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of Thermoplastic Polyurethane Elastomer (TPU). |
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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 |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 5,000 |
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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) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.27-1 Dawei Rd., Dali City, Taichung
County 412, Taiwan, R.O.C. |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes:
The supplied name and address spell inexactly, and the exact name and
address are as above.
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Credit Rating: |
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Credit Opinion: |
Subject declined
to disclose the staff number of subject, and from other sources, we couldn’t
find the information, either.
Subject was incorporated on
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Subscription
Share |
|
|
Yong Shun
Chemical Co., Ltd. |
10,000,000 |
The information
above is that of subject’s major shareholders.
Parent Company
|
Name |
Yong Shun Chemical Co., Ltd. |
|
Address |
11th/F No. 168 Sung Chiang Rd., Taipei, Taiwan |
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Telephone Number: |
+886 2 2562-0950 |
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Fax Number: |
+886 2 2562-3450 |
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E-mail: |
yong.shun@msa.hinet.net |
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Major Activity: |
Yong Shun Chemical Co., Ltd. is mainly engaged in
the manufacture and distribution of unsaturated polyester resins and acid
alcohol resins. |
Core
Management
Directors
|
1 |
|
|
Name |
Qingfang Cai |
|
Position |
Board Chairman |
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2 |
|
|
Name |
Cihuan Lin |
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Position |
Director |
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3 |
|
|
Name |
Qingming Liu |
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Position |
Director |
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4 |
|
|
Name |
Jilong Cai |
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Position |
Supervisor |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.27-1 Dawei
Rd., Dali City, Taichung County 412, Taiwan, R.O.C. |
Production
Information
l
Subject is a manufacturer of Thermoplastic Polyurethane Elastomer(TPU)
with the production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C801990 |
Manufacture of
other chemical material |
|
C801100 |
Manufacture of
synthetic resin |
|
F401010 |
International
trade |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
The raw materials for production are mostly
purchased from local market.
l
Subject is mainly engaged in manufacturing and
trading of Thermoplastic Polyurethane
Elastomer (TPU) and the related products.
l
Subject is a subsidiary
of Yong
Shun Chemical Co., Ltd.
l
Major products sold
|
|
Product |
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1 |
TPU Shoe
Adhesives |
|
2 |
TPU Hotmelt
Adhesive |
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3 |
TPU Hotmelt
Adhesive for Shoe Counter and Shoe toe |
|
4 |
TPU Ink |
|
5 |
Solvent-based
TPU |
|
6 |
TPU for other
application |
l
Subject introduced that
it has the certification such as ISO 9001:2008 Certificate, SGS Organic-tin and
so on.
l
Subject’s selling
territory covers the domestic and global markets.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Subject declined
the settlements information, and from other sources, we couldn’t obtain the
information, either.
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. Liu declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
The bankers’ information is not available from the
subject or other sources.
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.
|
Name |
Ms. Liu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.32 |
|
|
1 |
Rs.77.84 |
|
Euro |
1 |
Rs.65.35 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.