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Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
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Name : |
MIDAS APPLIED MATERIALS CORPORATION |
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Formerly Known As : |
OBSIDIAN APPLIED MATERIALS CORPORATION |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
17.09.2008 |
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Com. Reg. No.: |
24235127 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importing and exporting of chemical
materials. |
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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 10,000 |
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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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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: |
Midas Applied Materials Corporation |
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Former Name: |
Obsidian Applied
Materials Corporation |
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Supplied Name: |
Midas Applied Materials Corporation |
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Trading Address: |
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Supplied Address: |
7F-6 No 100 Sec1, Jiafeng 11th Road, Zhubei City, Hsinchu 30273,
Taiwan. |
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Telephone Number: |
+886-3657-8786, +886-3657-8782 |
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Fax Number: |
+886- 3657-8784 |
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Mobile Phone Number: |
+886-9-3745-4298 (Mr. Li) |
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E-mail: |
Notes:
The supplied address is incomplete; the complete one is shown as above.
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Credit Rating: |
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Credit Opinion: |
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Registered Name: |
Midas Applied Materials Corporation |
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Registered Address: |
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Date of Foundation: |
2008-09-17 |
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Registration Number: |
24235127 |
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Registry: |
MOEA Central Company |
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Registered Capital: |
(As of 2012.02, 1 NTD = 0.03377 USD) |
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Legal Representatives: |
Shuilian Lin |
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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: |
Subject declines to provide the information about staff number due to the
confidentiality.
Subject was incorporated on
2008-09-17 with registered number 24235127 as Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Shuilian Lin |
500,000 |
The information above is that of subject’s major shareholders.
Related Companies
|
1 |
|
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Name: |
CHINLEAD INTERNATIONAL CORP. |
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Address: |
4th Fl., No. 180, Chung Hsiao E. Rd., Sec. 4, R.O.C., Taipei. |
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Telephone
Number: |
+886-2-2711-5812 |
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Fax Number: |
+886-2-2771-6102 |
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2 |
|
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Name: |
CARRY TECH CO.,
LTD. |
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Address: |
5F, No.4, Aly.
8, Ln. 45, Baoxing Rd., Xindian Dist., New Taipei City 231. |
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Telephone
Number: |
+886-2-2910-7267 |
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Mobile Phone
Number: |
+886-9-6301-0610 |
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Fax Number: |
+886-2-2915-3602 |
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3 |
|
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Name: |
CHANG HONG
ENERGY TECHNOLOGY CO., LTD |
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Address: |
15F, No.251,
Wenxin Rd., Gushan Dist., Kaohsiung City 80465. |
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Telephone
Number: |
+886-7553-5371 |
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Mobile Phone
Number: |
+886-9-2101-6661 |
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Fax Number: |
+886-7-5536331 |
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4 |
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Name: |
OPALS CHEMICAL
TECHNOLOGY CO., LTD. |
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Address: |
25Fl, No.510,
Sec. 5, Zhongxiao E Rd., Taipei. |
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Telephone
Number: |
+886-2-2759-8522 |
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Fax Number: |
+886-2-2759-8519 |
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5 |
|
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Name: |
ANCHOR
INTERNATIONAL ENTERPRISE CO., LTD. |
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Address: |
2F, 371, Sec.
1, Win-Sin Rd., R.O.C., Taichung. |
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Telephone
Number: |
+886-4-2259-7766 |
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Fax Number: |
+886-4-2259-7722 |
Core
Management
|
Name |
Shuilian Lin |
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Position |
Director |
Offices &
Factories
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Headquarters |
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Address |
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Production
Information
l
Subject is mainly engaged in selling
of chemical materials, including electronic
chemicals, basic inorganic and organic chemicals etc.
l
The subject declined to provide the
information about whether the products are made by itself or not, but it
confirmed parts of the materials have been imported, but they declined to
provide further information about it.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F107020 |
Wholesaling of Dyes, Pigments |
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F107030 |
Wholesaling of Cleaning products |
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F107170 |
Wholesaling of Industrial additives |
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F107990 |
Wholesaling of other chemical products |
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F113030 |
Wholesaling of precision instrument |
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F119010 |
Wholesaling of electronic material |
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F207020 |
Retailing of Dyes, Pigments |
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F207030 |
Retailing of Cleaning products |
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F207170 |
Retailing of Industrial additives |
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F207990 |
Retailing of other chemical products |
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F213040 |
Retailing of precision instrument |
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F219010 |
Retailing of Electronic materials |
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F401010 |
International trade |
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ZZ99999 |
In addition to the business license, the
prohibited or restricted business law of the business |
l
The information about the purchasing
of materials is not available. Subject declined to provide the information
about this.
l
Subject is mainly engaged in selling
of chemical materials, including electronic
chemicals, basic inorganic and organic chemicals etc.
l
The products of the subject are both
selling in the domestic and overseas markets, but it is mainly sells to the
domestic market. As referring to the oversea market; the products are mainly
selling to India, Malaysia and Brazil.
l
Major products sold
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|
Products |
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1 |
Barium Carbonate |
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2 |
Copper Sulfate |
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3 |
Phosphoric Acid |
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4 |
Phosphorous Acid |
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5 |
Sodium Fluorosilicate |
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6 |
Sodium Permanganate |
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7 |
Ammonia Anhydrous(6N5) |
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8 |
Barium Carbonate |
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9 |
Ferric Chloride |
|
10 |
Alumnum Fluoride |
Import
and export right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
Subject declined to confirm whether the materials are purchasing from
the domestic market.
Foreign Purchase
|
Payment Terms |
Proportion |
|
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Chemical materials |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Chemical materials |
COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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|
Chemical materials |
L/C, etc |
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 Mr. Li 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 |
Mr. Li |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.90 |
|
|
1 |
Rs.78.15 |
|
Euro |
1 |
Rs.65.09 |
RATING EXPLANATIONS
|
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 |
|
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 |
|
<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.