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Report Date : |
25.06.2012 |
IDENTIFICATION DETAILS
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Name : |
H. SAGA INTERNATIONAL CO., LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
11.08.2009 |
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Com. Reg. No.: |
25011341 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Supply the freight forwarding services and the related
services |
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No. of Employees : |
About 70 Employees |
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 : |
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 |
|
Risk Category |
ECGC
Classification |
|
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 |
Notes:
The supplied name is incomplete, and the exact name is as above.
|
Credit Opinion: |
Subject
was incorporated on
|
Subscription
Shares |
|
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Port Alliance
Logistics |
2,700,000 |
The information above is that of subject’s major shareholders.
Parent Company
|
Name |
Port Alliance Logistics |
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Address |
400 Garden City Plaza.
Suite 309, Garden City, NY 11530 |
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Telephone Number: |
+1 516-568-3081 |
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Fax Number: |
+1 516-568-3083 |
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E-mail: |
Core Management
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1 |
|
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Name |
Mingjing Xie |
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Position |
Board of Chairman |
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2 |
|
|
Name |
Jianwei Wang |
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Position |
Director |
|
3 |
|
|
Name |
Tingyi Chen |
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Position |
Director |
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4 |
|
|
Name |
Peiyi Cai |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 70 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
|
l
Subject is a supplier of the freight forwarding services and the related services without
any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International
trade |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
The components and raw material for production are
mostly purchased from abroad.
l
Subject is mainly engaged in supplying of the freight forwarding services and the
related services.
l
Subject introduced that
it is a branch of Port Alliance Logistics in Taiwan.
l
Subject introduced that it can supply the Air
Freight, Sea Freight, Land Transport and so on.
l
Subject’s selling territory covers all over the
world.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Subject declined to disclose the settlements information, and from other
sources, we couldn’t obtain the information, either.
But subject introduced that settlement is generally in USD.
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. Wang declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
The bankers’ information is not available from the 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.
|
Name |
Mr. Wang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.99 |
|
UK Pound |
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
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 |
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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 |
|
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.