MIRA INFORM REPORT
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Report Date : |
19.03.2012 |
IDENTIFICATION DETAILS
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Name : |
SOUND LONG INTERNATIONAL COMPANY LIMITED |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
24.06.2005 |
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Com. Reg. No.: |
27741294 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of agricultural products, etc |
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No. of Employees
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About 5 employees (Taiwan) |
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: |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and address are as above.
We have tried to confirm the supplied address with subject, but the relevant staff Nina did not introduce the address, instead, she introduced subject’s trading address as we supplied.
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Credit Rating: |
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Credit Opinion: |
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Registered Name: |
Sound Long International Company Limited |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
27741294 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2012.03, 1 NTD = 0.0339 USD) |
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Legal Representatives: |
Qingyao Wang |
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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 was incorporated on
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Name |
Subscription Amount |
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Qingyao Wang |
500,000 |
The information above is that of subject’s major shareholders.
It is introduced
that subject invested a factory with over 10 local employees in Africa, while
the details are not disclosed.
Core
Management
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Name |
Qingyao Wang |
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Position |
Director |
Personnel
Structure
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Total Employees |
About 5 employees (Taiwan) |
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject is a trader of African agricultural
products and it is introduced that subject invested a processing factory in
Arica.
Purchase
Information
l
The registered activities of subject:
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Business Code |
Details |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases mainly abroad from Africa.
l
The subject is mainly engaged
in sales of African agricultural products including ox
horn and Roselle, etc
l
Subject’s products are
mainly sold in Taiwan; while it is introduced that subject can also transfer
its products from Africa directly to overseas customers.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
Subject has little domestic purchase
Foreign Purchase
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Payment Terms |
Proportion |
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African agricultural
products |
CBD, COD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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African agricultural
products |
COD, CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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African agricultural
products |
CBD, 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 Nina declined to disclose its financials citing
the grounds of company’s confidentiality; from other source we can not obtain
the relevant information, either.
Subject’s relevant staff Nina 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.
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Name |
Nina |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.31 |
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UK Pound |
1 |
Rs.79.05 |
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Euro |
1 |
Rs.65.83 |
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.