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Report Date : |
10.07.2012 |
IDENTIFICATION DETAILS
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Name : |
EMERS INDUSTRIAL CORPORATION |
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Registered Office : |
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Country : |
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Date of Incorporation : |
30.08.2010 |
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Com. Reg. No.: |
53088166 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of carbon fibers and carbon fabrics, etc |
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No. of Employees : |
Less than 50 employees (estimated) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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) |
|
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: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and address are as above.
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Credit Opinion: |
Notes: Subject did not introduce its staff information; the staff number above is obtained from public files for reference.
Subject was incorporated on
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Name |
Subscription Shares |
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Jinglun Lin |
400,000 |
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Zhongyou Lin |
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50,000 |
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Jingyuan Lin |
50,000 |
The information above is that of subject’s major shareholders.
Related
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Name |
Shanghai Office |
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Address |
Suite 1101-1102,
Benben Mansion, No. 300, Xi Kang Road, Shanghai 200040, China |
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Tel: |
+86-21-6288-8669 |
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Fax: |
+86-21-6288-8990 |
Core
Management
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1 |
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Name |
Jinglun Lin |
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Position |
Board Chairman |
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2 |
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Name |
Zhongyou Lin |
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Position |
Director |
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3 |
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Name |
Zhixuan Li |
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Position |
Director |
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4 |
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Name |
Zhongyuan Yang |
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Position |
Director |
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5 |
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Name |
Jingyuan Lin |
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Position |
Supervisor |
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject is engaged in manufacture of carbon fiber
and carbon fabric.
Purchase
Information
l
The major registered activities of subject:
|
Business Code |
Details |
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F106030 |
Wholesales of Mould |
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F106040 |
Wholesales of Water equipment materials |
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F107190 |
Wholesales of Plastic film and bag |
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F401010 |
International Trading business |
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F206040 |
Retails of Water equipment materials |
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F207190 |
Retails of Plastic film and bag |
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F218010 |
Retails of information software |
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F401010 |
International Trading Business |
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E603010 |
Cable
installation engineering |
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I501010 |
Product design service. |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject did not introduce its purchasing
information
l
The subject is mainly engaged in sales of carbon
fiber and carbon fabric, ,plastics and textiles etc
l
Subject also supplies logistics and warehousing
service
l
Subject’s products are both sold in domestic and
overseas market.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Subject did not introduce its purchasing terms.
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Carbon fiber and fabric, etc |
CBD, COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Carbon fiber and fabric, etc |
CBD, etc |
100% |
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 declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.
Subject declined to
disclose its bank details; from other source we can not obtain the relevant
information, either.
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.
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
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UK Pound |
1 |
Rs.86.78 |
|
Euro |
1 |
Rs.68.83 |
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.