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Report Date : |
07.07.2012 |
IDENTIFICATION DETAILS
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Name : |
TIPTOP INTERNATIONAL ASSOCIATE CORP. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13.09.1979 |
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Com. Reg. No.: |
05009466 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing and sales of kitchen small household electrical
appliances, etc |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
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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 |
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Company Name: |
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Supplied Name: |
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Supplied Address: |
Notes: Subject’s registered name is as above.
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Credit Opinion: |
Since we did not get in touch with subject,
in view of the absence of information about subject’s operation, caution
should be exercised. |
We tried to contact subject through the supplied phone number +886-2-2733-813 for several times, but on one
answered the phone.
An E-mail has been sent to spinder@ms17.hinet.net
, bur reply has been received, yet.
We tried to contact subject’s related factory in Cixi City, Zhejiang
Province, China (Tel: +86- 574-23699114), the
number does not exist.
We did not find any other valid contact information of subject from
public sources according to the supplied name or address.
Up to the date of reporting, we failed to get in touch with subject, we
will keep trying and update the report if there is any new information returns.
We found subject’s registration information from local registry,
supplying as follows for reference and the operation information in the report
are obtained from public sources.
Notes: The staff information is not available from
subject or sources.
Subject was incorporated on
|
Name |
Subscription Amount |
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Zhaode Wu |
2,000,000 |
The information above is that of subject’s
major shareholders.
Factory
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Address |
Jiefang West
Road, Cixi City, Zhejiang Province, China |
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Notes: |
The factory is
engaged in manufacture of kitchen small household electrical appliances, etc,
we tried to contact it through the number +86- 574-23699114. the number does
not exist. We did not find any other contact. Thus we can not confirm whether
the factory is operating. |
Core
Management
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Name |
Zhaode Wu |
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Position |
Director |
Offices
& Factories
Since we did not get in touch with subject,
we can not confirm subject’s trading address.
Operation
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F103010 |
Wholesales of feed |
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F104110 |
Wholesales of fabric, garments, footwear, caps,
umbrellas and accessories |
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F105050 |
Wholesale of furniture, bedding
products, kitchenware and Installed products. |
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F106010 |
Wholesales of hardware |
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F106050 |
Wholesales of Ceramic and glass blocks |
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F107200 |
Wholesales of chemical materials |
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F109070 |
Wholesales of culture
and education
appliance, instruments and Recreational
supplies, etc |
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F111090 |
Wholesales of building materials |
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F113010 |
Wholesales of building materials |
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F113020 |
Wholesales of electronic appliance |
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F202010 |
Retails of feed |
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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. |
Public files show
that subject is engaged in manufacture and sales of kitchen small household electrical
appliances including toasters, coffeemaker,
caps and fan heaters,
etc
It has factory in
the mainland and its products are sold in over 150 countries including USA,
Europe, Middle East, Hong Kong and etc
Since we did not
get in touch with subject, the information is not confirmed.
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Import right |
Yes |
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Export right |
Yes |
The settlement information is not available from subject or other sources.
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.
Since we did not get in touch with subject, the information is not available.
The bank details are not available from 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.42 |
|
UK Pound |
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
---- |
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.