|
Report Date : |
27.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
PARCO A. G. CORP. |
|
|
|
|
Registered Office : |
6F.-4, No.75, Sec. 1, Sintai 5th Rd., Xizhi Dist., New Taipei City 221 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
04.06.1997 |
|
|
|
|
Com. Reg. No.: |
97464883 |
|
|
|
|
Legal Form : |
Joint Stock Company (Foreign Invested Company) |
|
|
|
|
Line of Business : |
Sales of mechanical equipment |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name: |
|
|
Supplied Name: |
|
|
Supplied Address: |
|
|
Telephone Number: |
|
|
Fax Number: |
Notes: Subject’s exact name is as above.
We tried to contact subject, no one answered the phone.
Subject is on public holiday of Taiwan, thus we can not get in touch
with the relevant staff, and we will update the report as soon as possible.
|
Registered Name: |
PARCO A. G. CORP. |
|
Registered Address: |
|
|
Date of Foundation: |
|
|
Registration Number: |
97464883 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
(As of 2012.02, 1 NTD = 0.0338 USD) |
|
Paid-up Capital: |
NTD 10,000,000 (USD 338,000) |
|
Legal Representatives: |
John Bar |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last Annual
Return: |
Notes: the staff number is not available from
subject or other sources.
Subject was incorporated on
|
Name |
Subscription Shares |
|
John Bar |
860,000 |
|
Barry Disney |
|
|
60,000 |
|
|
Zidi Luozhou |
80,000 |
The information
above is that of subject’s major shareholders.
Core
Management
Directors
|
1 |
|
|
Name |
John Bar |
|
Position |
Board Chairman |
|
Date of
Appointment |
|
|
2 |
|
|
Name |
Barry Disney |
|
Position |
Director |
|
3 |
|
|
Name |
Zidi Luozhou |
|
Position |
Director |
|
4 |
|
|
Name |
Zhiren Wu |
|
Position |
Supervisor |
We can not obtain subject’s
operation details at present; we supplied subject’s registration information as
follows for reference.
l
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Mechanical equipment manufacturing industry |
|
CB01990 |
Other mechanical manufacturing industry |
|
CD01030 |
Motor vehicles and parts manufacturing industry |
|
CQ01010 |
Mould manufacturing |
|
E604010 |
Machinery installation industry |
|
F113010 |
Machinery wholesaling industry |
|
F401010 |
International trading business |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
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.
We can not obtain the information at this stage.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.06 |
|
|
1 |
Rs.77.19 |
|
Euro |
1 |
Rs.65.57 |
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.