MIRA INFORM REPORT
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Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
UNITED EURO-ASIA CORPORATION |
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Registered Office : |
11F-2, NO.432, Keelung Rd., Sec.1, Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
31.08.1999 |
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Com. Reg. No.: |
70397216 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importing of the metal products |
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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 5,000 |
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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 |
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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: |
United Euro-Asia Corporation |
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Supplied Name: |
Overseas Scrap Metal Inc. |
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Trading Address: |
11F-2, NO.432, Keelung Rd., Sec.1, Taipei, Taiwan, R.O.C. |
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Supplied Address: |
Suite 1102, 432 Keelung Rd, Sec. 1 Taipei. |
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Telephone Number: |
+886-2-8780-6331 |
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Fax Number: |
+886-2-2723-8622 |
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E-mail: |
Notes:
The accurate name is shown as above.
The complete and accurate address is shown as above.
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Credit Rating: |
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Credit Opinion: |
According to the supplied name and address, we could not find the
registration information about the company ‘Overseas Scrap Metal Inc.’ While
based on the registered number ‘70397216’ you supplied, we have found a company
named as ‘United Euro-Asia Corporation’. The address is ‘
According to the name and address of the company ‘United Euro-Asia
Corporation’, we founded the telephone number ‘+886-2-8780-6331’, we called and
a lady, Ms. Xu, answered the phone, she confirmed the name and address of the
company ‘United Euro-Asia Corporation’, when we asked her about the company
‘Overseas Scrap Metal Inc.’, she only said that it is an affiliated company of the
company ‘United Euro-Asia Corporation.’, and declined to provide further
information about the company ‘Overseas Scrap Metal Inc’.
And we supplied the general information about the subject’ United
Euro-Asia Corporation’ as follows for reference.
Subject declines to provide the information about staff number due to the
confidentiality,
while they only said that the subject was small.
Subject was incorporated on 1999-08-31 with registered
number 70397216 as Limited
Liability Company in Taiwan.
|
Name |
Subscription Shares |
|
Ganyin Lu |
375,000 |
| Wenju
Xu |
150,000 |
|
Yongxiang Liu |
50,000 |
|
Boquan Lu |
150,000 |
The information above is that of subject’s major shareholders.
Affiliated Company
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Name: |
Overseas Scrap Metal Inc. |
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Address: |
11F-2, NO.432, Keelung Rd., Sec.1, Taipei, Taiwan, R.O.C. |
Core
Management
|
1 |
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Name |
Ganyin Lu |
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Position |
President |
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2 |
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Name |
Wenju Xu |
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Position |
Director |
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3 |
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Name |
Yongxiang Liu |
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Position |
Director |
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4 |
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Name |
Boquan Lu |
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Position |
Supervisor |
Offices
& Factories
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Headquarters |
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Address |
Production
Information
l
Subject is only an importer of the metal products.
l
Subject imports the metal products from other
countries and the products only used for their factories, they do not sell the
products to the outside.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F401010 |
International trade |
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CA01070 |
Waste vans collapse and the prohibition hardware
processing industry |
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C801030 |
Manufacturing of precision chemistry material |
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C801010 |
Manufacturing of basic chemical industrial |
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F113020 |
Wholesaling of electric products |
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F107140 |
Wholesaling of plastic raw material |
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F106010 |
Wholesaling of Hardware |
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F111070 |
Wholesaling of Metal building material |
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I102010 |
Investment advisers |
l
The metal products for the subject are mostly purchased
from abroad.
l
But they declined to provide further information
about the country where they have purchased the metal products.
l
Subject is only an importer of the metal products.
It only imports the metal products for domestic using, and the products are
used for their factories, and they do not sell the products to the outside.
Subject declined to provide further information about the subject.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Subject declines to provide the information about the settlement
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. Xu declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Subject did not
introduce its bank details; from other source we cannot 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. Xu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.02 |
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UK Pound |
1 |
Rs.79.00 |
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Euro |
1 |
Rs.66.18 |
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.