MIRA INFORM REPORT

Report Date :

25.07.2012

IDENTIFICATION DETAILS

Name :	TAIPEI GRAND TRADERS INC.

Registered Office :	18f-6, No.268, Lian Cheng Rd., Zhonghe Dist., New Taipei City 235

Country :	Taiwan

Date of Incorporation :	29.04.1976

Com. Reg. No.:	14068944

Legal Form :	Joint Stock Company

Line of Business :	Trade of industrial equipments and materials

No. of Employees :	About 20 Employees

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
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 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Taiwan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Contact Points

Company Name:	Taipei Grand Traders Inc.
Supplied Name:	Taipei Grand Traders Inc
Trading Address:	18f-6, No.268, Lian Cheng Rd., Zhonghe Dist., New Taipei City 235, Taiwan (R.O.C.)
Supplied Address:	Floor 18-6, Far East century Park (J-5), 268 Lian Cheng Road, Zhonghe District, Taipei New City 23553
Telephone Number:	+886 2-82273899
Fax Number:	+886 2-82273799

Notes:

The exact address is as above.

Credit Summary

Credit Opinion:

Business connections are permissible.

Company Identification Details

Registered Name:	Taipei Grand Traders Inc.
Registered Address:	18f-6, No.268, Lian Cheng Rd., Zhonghe Dist., New Taipei City 235, Taiwan (R.O.C.)
Date of Foundation:	1976-4-29
Registration Number:	14068944
Registry:	New Taipei City Government
Registered Capital:	NTD 5,000,000 (USD 166,636) (As of 2012.7, 1 NTD = 0.03333 USD)
Paid-up Capital:	NTD 5,000,000 (USD 166,636)
Legal Representatives:	Changchuan Lu
Legal Form:	Joint Stock Company
Principal Activities:	Trade of industrial equipments and materials.
Staff:	About 20 Employees
Listed at Stock Exchange:	No
Date of Last Annual Return:	2010-12-10

History

Subject was incorporated on 1976-4-29 with registered number 14068944 as Joint Stock Company in Taiwan.

Shareholders

Name	Subscription Shares
Changchuan Lu	245,000
Yuexia Yangqiu
37,500
Bingzhi Wu	12,500
Lide Gu	155,000

The information above is that of subject’s major shareholders.

Subsidiaries & Branches

Branch

Name	Shanghai TGT Material Corp.
Address:	Room 804, No.505, Caoyang Road, Putuo District, 200063, Shanghai City, People Republic of China.
Telephone Number:	+86 021-33608429
Fax Number:	+86 021-33608469

Personnel Information

Core Management

Directors

1
Name	Changchuan Lu
Position	Board of Chairman
2
Name	Yuexia Yangqiu
Position	Director
3
Name	Bingzhi Wu
Position	Director
4
Name	Lide Gu
Position	Supervisor

Personnel Structure

Total Employees

About 20 Employees

Operation Information

Offices & Factories

	Headquarters
Add	18f-6, No.268, Lian Cheng Rd., Zhonghe Dist., New Taipei City 235, Taiwan (R.O.C.)

Production Information

l Subject is a trader of industrial equipments and materials without any production activities

Purchase Information

l The registered activities of subject:

Business Code	Details
F401010	International trade
F113990	Wholesale of other machinery
F107170	Wholesale of industrial additives
ZZ99999	Besides licensed business, all other business items those are not banned or restricted.

l The productions are purchased from both domestic and abroad.

Sales Information

l Subject is mainly engaged in trading of industrial equipments and materials

l Subject introduced it mainly imports the Grinding Wheels (KGW), Diamond /CBN Wheels, Diamond slicing blades (MMC, Acecut), Dressing Tools, Diamond rotary Dressers, Super finishing wheels, Silicon Carbide, Diamond Grains/Powders/Compounds, Aluminum oxide, Zirconia Alumina, Fluorescent pigments(Swada / Dane Group ) and so on

l Subject introduced that it mainly exports Printing machines, Plastic bag making machines Bolt, Nut making machines, Zipper slider making machines and moulds. Extruder and parts (screws, barrels, air rings, gear boxes), Packaging material.

l Subject’s selling territory covers all over the world.

Import and export right:

Import right	Yes
Export right	Yes

Settlements

Subject declined to disclose the settlements information, and from other sources, we couldn’t obtain the information, either.

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 Mr. Cai declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

Bankers

The bankers’ information is not available from the subject or other sources.

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

Name

Mr. Cai

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.02
UK Pound	1	Rs.86.89
Euro	1	Rs.67.84

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.