MIRA INFORM REPORT
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Report Date : |
13.01.2012 |
IDENTIFICATION DETAILS
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Name : |
AMPLAST CORPORATION |
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Registered Office : |
7F., No.178-1, Sec. 4, Zhongxiao E. Rd., Da-An Dist., Taipei City 10686 |
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Country : |
Taiwan |
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Date of Incorporation : |
22.04.2009 |
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Com. Reg. No.: |
24341128 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of chemical materials and plastics materials, etc |
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No. of Employees
: |
About 20 employees (estimated) |
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 60,000 |
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Status : |
Small Company |
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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
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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: |
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Fax Number: |
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E-mail: |
service@amplast.com.tw ; max@amplast.com.tw |
Notes: Subject’s exact name and address are 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: |
Amplast Corporation |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
24341128 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2012.01, 1 NTD = 0.0334 USD) |
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Legal Representatives: |
Zhiya Qiu |
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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: |
History
Subject was incorporated on
Shareholders
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Name |
Subscription
Amount |
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Zhiya Qiu |
10,000,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
Name |
Zhiya Qiu |
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Position |
Director |
Personnel
Structure
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Total Employees |
About 20 employees (estimated) |
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 chemical materials and plastics materials without any production
activities itself.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F107200 |
Wholesales of chemical materials. |
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F401010 |
International Trading Business |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases both at home and abroad.
l
It is introduced that subject cooperates with
suppliers including Formosa Plastics Group, Chi Mei Corporation, USI group, Far
Eastern New Century,Shinkong in Taiwan, LG , TK Chemical in South Korea, Taiyo,
Shin-Etsu in Japan, PTT , SCG Chem in Thailand, Petronas in Malaysia, Georgia
Gulf , Shin-tech group in USA.
l
The subject is engaged in marketing and sales of
plastic raw materials and products, including PVC resin, PE, EVA, PP and PA6
(NYLON CHIPS), PET CHIPS, TIO2, PTA, PS, PCABS and MEG Plastic Stabilizers,
Additives and Plasticizers, etc
l
It is introduced that subject also supplies Steam
Coal, Iron Ore, Refined white Sugar and Sulphur granular and lumps commodity.
l
Subject’s products are both sold in domestic and
overseas market and subject’s sales regions include China, India, UAE, Turkey, Russia, Belarus, Lithuania, Ukraine,
Bangladesh, Pakistan, Brazil, Peru, Chile, Kenya, Algeria, South Africa,
Vietnam, Thailand, Indonesia, Malaysia and etc.
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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Chemical materials and
plastics materials, etc |
COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Chemical materials and
plastics materials, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Chemical materials and
plastics materials, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Chemical materials and
plastics materials, etc |
CBD, 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 declined to disclose its financials citing the
grounds of company’s confidentiality; from other source we can not obtain the
relevant information, either.
Bankers
|
Name |
Taiwan Bank |
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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Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.83 |
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UK Pound |
1 |
Rs.79.42 |
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Euro |
1 |
Rs.65.90 |
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.