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Report Date : |
21.07.2012 |
IDENTIFICATION DETAILS
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Name : |
LEE SHENG MUSICAL INSTRUMENTS CO., LTD. |
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Registered Office : |
1FL., No.78, Sec.1, |
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Country : |
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Date of Incorporation : |
12.05.1969 |
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Com. Reg. No.: |
03617346 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and sales of musical instruments, etc |
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No. of Employees : |
60 |
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 – September 30, 2011
|
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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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: |
Notes: Subject’s exact name and address are as
above.
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Registered Name: |
Lee Sheng Musical Instruments Co., Ltd. |
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Registered Address: |
1FL., No.78, Sec.1, Chung Hwa Rd., Taipei
Taiwan,R.O.C. |
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Date of Foundation: |
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Registration Number: |
03617346 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2012.07, 1 NTD = 0.0334 USD) |
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Legal Representatives: |
Shushen Yangwu |
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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 was incorporated
on
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Name |
Subscription Amount |
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Shushen Yangwu |
2,500,000 |
The information above is that of subject’s major shareholders.
Core Management
Director
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Name |
Shushen Yangwu |
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Position |
Director |
Personnel Structure
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Total Employees |
About 60 employees |
Offices & Factories
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Headquarters |
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Add |
Production Information
Subject is a trader of musical instrument without any production
activities
Purchase Information
The registered activities
of subject:
|
Business Code |
Details |
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F109070 |
Wholesales of Stationery, musical
instrument and Recreational supplies |
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F113050 |
Wholesales of computer and Clerical machine |
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F209060 |
Retails of Stationery, musical
instrument and Recreational supplies |
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F213030 |
Retails of computer and Clerical machine |
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F401010 |
International trading business |
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F113020 |
Wholesales of electronic appliance |
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F118010 |
Wholesales of information software |
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F213060 |
Retails of Telecom equipment |
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F219010 |
Retails of electronic materials |
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JA02010 |
Repairing & Maintenance of electronic appliance and electronic
products |
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JB01010 |
Conference and exhibition services |
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H703100 |
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F116010 |
Wholesales of photo material |
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F216010 |
Retails of photo material |
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CH01020 |
Manufacture of musical instrument |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
Subject purchases musical instruments mainly abroad from U.K., USA,
Japan and Germany, etc
It is introduced that subject is the agent distributor of over 30 brands
such as GIBSON, YAMAHA and Laney, etc
It is introduced that subject is the sole agent of the brands SWR and
Jackson of Fender Group in Taiwan
The subject is mainly engaged in sales of
musical instrument including piano, violin, guitar,
speaker, mixer,
etc
Subject also operates Music Classroom and Band room on the trading
address.
Subject also supplies maintenance
service of the musical instruments.
Subject’s products are mainly sold in domestic market of Taiwan.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
Subject has little domestic purchase.
Foreign Purchase
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Payment Terms |
Proportion |
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Musical instrument, etc |
L/C, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Musical instrument, etc |
CBD, COD, etc |
100% |
Export
Subject has little 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 Terry Yang introduced
subject’s annual sales as follows, but the figure is estimated and only for
reference.
Unit: USD
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Annual Sales |
8,000,000 |
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.
|
Name |
Terry Yang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
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|
1 |
Rs.86.58 |
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Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
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Report Prepared
by : |
SDA |
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.