MIRA INFORM REPORT
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Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
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Name : |
UKKO CORPORATION |
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Registered Office : |
4FL.-4, No.15, Lane
360, Sec.1, Neihu Rd., Neihu District,Taipei 114 |
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Country : |
Taiwan |
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Date of Incorporation : |
22.04.1988 |
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Com. Reg. No.: |
22872079 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of rubber |
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No. of Employees
: |
10-20 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 50,000 |
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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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Company Name: |
UKKO Corporation |
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Supplied Name: |
Ukko Corporation |
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Trading Address: |
4FL.-4, No.15, Lane 360, Sec.1, Neihu Rd., Neihu District,Taipei 114,
Taiwan,R.O.C. |
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Supplied Address: |
2 Fl, 1 Wen Hu St, Neihu Dist Taipei City 114 |
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Telephone Number: |
+886-2-2799-1189 |
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Fax Number: |
+886-2-2659-1082 |
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E-mail: |
Notes: Subject’s exact name and address are as above and the supplied address is
the former one of subject.
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Credit Rating: |
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Credit Opinion: |
Subject was incorporated on
Awards
|
Year |
Awards |
|
2010 |
Blue chip importer and exporter |
Standard of Blue chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2010 |
20,000,000 |
|
Name |
Subscription Shares |
|
Zhicheng Zhang |
2,960,000 |
| Lizhen
Wang |
1,200,000 |
|
Yufen Wang |
2,960,000 |
|
Zhufeng Wang |
480,000 |
The information above is that of subject’s major shareholders.
Core
Management
|
1 |
|
|
Name |
Zhicheng Zhang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Lizhen Wang |
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Position |
Director |
|
3 |
|
|
Name |
Yufen Wang |
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Position |
Director |
|
4 |
|
|
Name |
Zhufeng Wang |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
10-20 employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
4FL.-4, No.15, Lane 360, Sec.1, Neihu Rd., Neihu District,Taipei 114,
Taiwan,R.O.C. |
Production
Information
l
Subject is engaged in trading of rubber without
production activities itself.
Purchase Information
l
The major registered activities of subject:
|
-- |
General Import and export trading business |
|
-- |
Import, export and sales of industrial chemical
materials, instrument, mechanical and hardware building materials, rubber,
plastic materials and product s, textile materials and products, etc |
|
-- |
Bidding service, price quoting and sales of
relevant items for domestic and overseas customers |
|
-- |
Operating and investing of the above mentioned
relevant business |
l
Subject purchases rubber mainly abroad from India,
Thailand, Vietnam, etc
l
The subject is mainly engaged in sales of hevea
rubber and synthetic rubber
l
Subject’s products are mainly sold in Taiwan and
the mainland of China, while it is introduced that subject can also transfer
the products from original places directly to overseas customers
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
Subject has little domestic purchase
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Rubber |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Rubber |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Rubber |
L/C |
100% |
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 declined to disclose its financials citing the
grounds of company’s confidentiality; from other source we can not obtain the
relevant information, either.
Subject declined to disclose its bank details; 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.
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.02 |
|
UK Pound |
1 |
Rs.79.00 |
|
Euro |
1 |
Rs.66.18 |
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 |
|
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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.