MIRA INFORM REPORT

Report Date :

29.06.2012

IDENTIFICATION DETAILS

Name :	JPT CORPORATION

Registered Office :	5FL.-1, No.214, Sec.1, Heping E. Rd., Daan Chiu, Taipei, Taiwan 106

Country :	Taiwan

Date of Incorporation :	24.01.2003

Com. Reg. No.:	80157192

Legal Form :	Joint Stock Company

Line of Business :	Manufacture and sales of chemical materials, etc

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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:	JPT CORPORATION
Supplied Name:	JPT CORPORATION
Trading Address:	5FL.-1, No.214, Sec.1, Heping E. Rd., Daan Chiu, Taipei, Taiwan 106, R.O.C.
Supplied Address:	5F-1, No. 214, Hepinge, Rd., Sec Taipei 106
Telephone Number:	+886-2-3365-3188
Fax Number:	+886-2-2363-8788
E-mail:	maggie.peng@jptcorp.com.tw

Notes: Subject’s exact name and address are as above.

Credit Summary

Credit Opinion:

Business connections are permissible.

Company Identification Details

Registered Name:	JPT Corporation
Registered Address:	5FL.-1, No.214, Sec.1, Heping E. Rd., Daan Chiu, Taipei, Taiwan 106, R.O.C.
Date of Foundation:	2003-1-24
Registration Number:	80157192
Registry:	Taipei City Government
Registered Capital:	NTD 29,700,000 (USD 991,980) (As of 2012.06, 1 NTD = 0.0334 USD)
Paid-up Capital:	NTD 29,700,000 (USD 991,980)
Legal Representatives:	Zaiwei Zeng
Legal Form:	Joint Stock Company
Principal Activities:	Manufacture and sales of chemical materials, etc
Staff:	N/A
Listed at Stock Exchange:	No
Date of Last Annual Return:	2009-8-3

Notes: Subject declined to disclose its staff number; from other source we can not obtain the relevant information, either.

History

Subject was incorporated on 2003-1-24 with registered number 80157192 as Joint Stock Company in Taiwan.

Shareholders

Name	Subscription Shares
Zaiwei Zeng	381,000
Xi An Co., Ltd (Literal Translation)
1,405,835
Yueqin Xie	282,150
Mingqin Zheng	56,430

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

Subsidiaries & Branches

Factory

Address	No.2-1, Chaofeng Road, Longtan Township, Taoyuan County, Taiwan
Telephone Number	+886-3-409-3810
Notes:	It is introduced subject’s factory mainly deals with production and marketing business

Personnel Information

Core Management

Directors

1
Name	Zaiwei Zeng
Position	Board Chairman
2
Name	Huizhen Chen
Position	Director
3
Name	Yueqin Xie
Position	Director
4
Name	Mingqin Zheng
Position	Supervisor

Operation Information

Offices & Factories

	Headquarters
Add	5FL.-1, No.214, Sec.1, Heping E. Rd., Daan Chiu, Taipei, Taiwan 106, R.O.C.

Production Information

l Subject is engaged in manufacture of resin and overprint varnish, etc

l It is introduced that Subject also supplies OEM and Joint Development services.

Purchase Information

l The registered activities of subject:

Business Code	Details
ZZ99999	Besides licensed business, all other business items those are not banned or restricted.

l Subject purchases raw materials both at home and abroad.

Sales Information

l The subject is mainly engaged in engaged in sales of UV-curable overprint varnish and acrylic resin related materials, etc

l Subject’s products are applied to electronics, printing and packaging industries.

l Subject’s products are both sold in domestic and overseas market.

Major products sold

1	UV Varnish for Roller Coating
2	UV Varnish for Screen Printing
3	Water Base Varnish
4	OPP Lamination Glue
5	Oligomer for PCB (PWB) Solder Mask Ink
6	Hard Coating

Import and export right:

Import right	Yes
Export right	Yes

Settlements

Purchase

Domestic Purchase

Product	Payment Terms	Proportion
Raw materials, etc	COD, Credit Sales, etc	100%

Foreign Purchase

Product	Payment Terms	Proportion
Raw materials, etc	CBD, etc	100%

Sales

Domestic Markets

Product	Sales Terms	Proportion
UV-curable overprint varnish and acrylic resin related materials, etc	COD, CBD, etc	100%

Export

Product	Sales Terms	Proportion
UV-curable overprint varnish and acrylic resin related materials, etc	CBD, etc	100%

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

Bankers

Subject declined to disclose its bank details; from other source we can not obtain the relevant information, either.

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	Maggie. Peng

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.92
UK Pound	1	Rs.88.91
Euro	1	Rs.71.25

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.