MIRA INFORM REPORT

 

 

Report Date :           

02.03.2012

 

IDENTIFICATION DETAILS

 

Name :

EVERGOING ENTERPRISE LTD.

 

 

Registered Office :

1F., No.4, Ln. 369, Sec. 2, Wenhua Rd., Banqiao Dist., New Taipei City 22046

 

 

Country :

Taiwan

 

 

Date of Incorporation :

24.10.2008

 

 

Com. Reg. No.:

24254643

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Trading of Inorganic Chemicals

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 20,000

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Taiwan

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Contact Points

 

Company Name:

Evergoing Enterprise Ltd.

Supplied Name:

Evergoing Enterprise Ltd

Trading Address:

7F-6, No 504, Yuanshan Road, Jhonghe City, Taipei County 235

Supplied Address:

7F-6, No 504, Yuanshan Road, Jhonghe City, Taipei County 235

Telephone Number:

+886-2-2250-9055

Fax Number:

+886-2-2258-8086

E-mail:

zimigp.com@smtp.sparqnet.net  

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

 

 

Credit Summary

 

Credit Rating:

Maximum credit USD 20,000

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Evergoing Enterprise Ltd.

Registered Address:

1F., No.4, Ln. 369, Sec. 2, Wenhua Rd., Banqiao Dist., New Taipei City 22046, Taiwan (R.O.C.)

Date of Foundation:

2008-10-24

Registration Number:

24254643

Registry:

New Taipei City Government

Registered Capital:

NTD 5,000,000 (USD 169,000)

(As of 2012.03, 1 NTD = 0.0338 USD)

Legal Representatives:

Qinmei Zeng

Legal Form:

Private Limited Company

Principal Activities:

Trading of Inorganic Chemicals

Staff:

N/A

Listed at Stock Exchange:

No

Date of Last Annual Return:

2010-4-15

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

 

 

History

 

Subject was incorporated on 2008-10-24 with registered number 24254643 as Private Limited Company in Taiwan.

 

 

Shareholders

(Unit: NTD)

           

Name

Subscription Amount

Qinmei Zeng

5,000,000
 

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

 

 

Subsidiaries & Branches

 

Subject did not introduce whteher it has any subsidiaries or branches, from other source we can not obtain the relevant information, either.

 

 

Personnel Information

 

Core Management

Director

Name

Qinmei Zeng

Position

Director

 

Operation Information

 

Offices & Factories

 

Headquarters

Add

7F-6, No 504, Yuanshan Road, Jhonghe City, Taipei County 235

 

Production Information

l         Subject is a trader of chemicals without any production activities

 

Purchase Information

l         The major registered activities of subject:

Business Code

Details

C801990 

Manufacture of other chemical materials

C802120 

Manufacture of industrial additives

C802990 

Manufacture of other chemical products

F107170 

Wholesales of industrial additives

F207170 

Retails of industrial additives

F207990 

Retails of other chemical products

F401010 

International Trading Business

H703090 

Transaction of  Real estate business

ZZ99999 

Besides licensed business, all other business items those are not banned or restricted.

 

l         Subject purchases mainly abroad and subject’s purchasing all depends on specific conditions.

 

Sales Information

l         The subject is mainly engaged in sales of Inorganic Chemicals

l         Subject’s products are mainly sold in domestic market and it is introduced that overseas customers are not declined.

 

Import and export right:

Import right

Yes

Export right

Yes

 

 

Settlements

 

Purchase

Domestic Purchase

Subject has little domestic purchase

Foreign Purchase

Product

Payment Terms

Proportion

Chemicals

CBD, etc

100%

 

Sales

Domestic Markets

Product

Sales Terms

Proportion

Chemicals

CBD, etc

100%

 

Export

Product

Sales Terms

Proportion

Chemicals

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. Yang 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

Ms. Yang

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.15

UK Pound

1

Rs.78.25

Euro

1

Rs.65.57

 

 

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.