MIRA INFORM REPORT
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Report Date : |
03.03.2012 |
IDENTIFICATION DETAILS
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Name : |
PARCO A. G. CORP. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
04.06.1997 |
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Com. Reg. No.: |
97464883 |
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Legal Form : |
Joint Stock Company (Foreign Invested Company) |
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Line of Business : |
Sales of mechanical equipment |
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No. of Employees
: |
Not Available |
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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Maximum Credit Limit : |
USD 30,000 |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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: |
+886-2-2698-2999 |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name is as above.
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Credit Rating: |
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Credit Opinion: |
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Registered Name: |
PARCO A. G. CORP. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
97464883 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2012.02, 1 NTD = 0.0338 USD) |
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Paid-up Capital: |
NTD 10,000,000 (USD 338,000) |
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Legal Representatives: |
John Bar |
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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: |
Notes: Ms. Jiang declined to disclose its staff
information; from other source we can not obtain the relevant information,
either.
Subject was incorporated on
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Name |
Subscription
Shares |
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John Bar |
860,000 |
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Barry Disney |
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60,000 |
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Zidi Luozhou |
80,000 |
The information above is that of subject’s major shareholders.
Related Offices
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Parco A.G. Corp
(Turkey) Email: turkiye@parco.com.tw TEL:+905322657790 Parco A.G. Corp
(KSA) Email: ksa@parco.com.tw TEL:+966563710307 Parco A.G. Corp
(UAE) Email: geminind@eim.ae TEL:+97165578207 Parco A.G. Corp
(China) Email: info@newmenchina.com TEL:+8675528997399 |
Core
Management
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1 |
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Name |
John Bar |
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Position |
Board Chairman |
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Date of
Appointment |
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2 |
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Name |
Barry Disney |
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Position |
Director |
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3 |
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Name |
Zidi Luozhou |
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Position |
Director |
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4 |
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Name |
Zhiren Wu |
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Position |
Supervisor |
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
It is introduced that subject cooperates with
related manufacturers to manufacture mechanical equipments.
Purchase
Information
l
The registered activities of subject:
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Business Code |
Details |
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CB01010 |
Mechanical equipment manufacturing industry |
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CB01990 |
Other mechanical manufacturing industry |
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CD01030 |
Motor vehicles and parts manufacturing industry |
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CQ01010 |
Mould manufacturing |
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E604010 |
Machinery installation industry |
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F113010 |
Machinery wholesaling industry |
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F401010 |
International trading business |
l
Subject purchases from its related manufacturers and
the components are mainly from Taiwan, while it is introduced that the
purchasing of components all depends on customers’ demands.
Sales
Information
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Subject is engaged in sales of mechanical equipment
including Sheet Metal Equipments, Heat Exchanger, Surface Treatment equipment,
Plastic Equipments, etc
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Subject has its own brand named PARCO
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Subject’s products are both sold in domestic and
overseas market and subject exports to India, etc
Major products
sold
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
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 declined to disclose the financials citing the grounds of
company’s confidentiality; 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: |
Ms. Jiang |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.35 |
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UK Pound |
1 |
Rs.78.68 |
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Euro |
1 |
Rs.65.63 |
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.