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Report Date : |
03.07.2012 |
IDENTIFICATION DETAILS
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Name : |
REKAN TRADING CO., LTD. |
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Registered Office : |
1F., No.218, Jianguo Rd., Xindian Dist., New Taipei City
231 |
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Country : |
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Date of Incorporation : |
24.09.1988 |
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Com. Reg. No.: |
23053372 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and sales of fresh fruits |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
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 |
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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: |
+886-2-2911-1380 |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and current address are as above.
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Credit Opinion: |
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Registered Name: |
REKAN TRADING CO., LTD. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
23053372 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2012.06, 1 NTD = 0.0334 USD) |
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Legal Representatives: |
Lijuan Zheng |
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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 did not introduce its staff information; from other source we can not obtain the relevant information, either.
Subject was incorporated on
|
Name |
Subscription Amount |
|
Lijuan Zheng |
6,000,000 |
The information above is that of subject’s major shareholders.
Core
Management
|
Name |
Lijuan Zheng |
|
Position |
Director |
Offices
& Factories
|
|
Headquarters |
|
Add |
|
l
Subject is a trader of fresh fruits without production
activities itself.
Purchase
Information
l
The registered activities of subject:
|
-- |
General import and export trading business |
|
-- |
Sales of all kinds of marine products, agricultural products,
fish and
shrimp, lobster,
vegetables, fruits, food and groceries and flowers, etc |
|
-- |
Bidding service, price quoting and marketing of
the products for domestic and overseas customers. |
|
-- |
Operation and shift
in investment
of the above mentioned business |
l
Subject purchases fruits mainly abroad from South
America and USA.
l
It is introduced that subject’s purchasing all
depends on change of seasons and specific conditions.
l
The subject is mainly engaged in sales of imported
fruits
l
Subject’s products are mainly sold in Taiwan.
l
Subject’s products are all supplied for local
customers, including distributors, supermarkets, etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
Subject has little domestic purchase
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Fresh Fruits, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
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Fresh Fruits, etc |
COD, CBD, etc |
100% |
Export
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. Zheng declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.
|
Name |
Chang Hwa Commercial Bank Ltd |
|
Address |
Taiwan |
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. Zheng |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.83 |
|
UK Pound |
1 |
Rs.87.41 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.