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Report Date : |
20.03.2012 |
IDENTIFICATION DETAILS
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Name : |
LYNNBROS INDUSTRIAL CO., LTD |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
26.02.1963 |
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Com. Reg. No.: |
11746701 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Processing and Sales Of Raw Materials Of
Medicines, Cosmetics, Food, Feed, Chemical, Electronics, Etc. |
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No. of Employees : |
500 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 200,000 |
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Status : |
Satisfactory |
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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 |
|
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: |
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Credit Rating: |
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Credit Opinion: |
The staff number
is estimated.
Subject was
incorporated on
Awards
|
Year |
Awards |
|
2009 |
Blue chip importer and exporter |
Standard of Blue chip importer and
exporter
Unit: USD
|
Year
|
Amount
|
|
2009 |
15,000,000 |
|
Name |
Subscription
Shares |
|
Ziyuan Lin |
775,000 |
|
Changhong
Lin |
|
|
2,303,000 |
|
|
Liling Liu |
110,000 |
|
Yumin Lin |
600,000 |
The information
above is that of subject’s major shareholders.
Branches
|
1 |
|
|
Name |
Taichung branch office |
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Address |
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2 |
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|
Name |
Kaohsiung branch office |
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Address |
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Affiliate Company
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1 |
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|
Name |
Sunlite Chemical Industrial Co., Ltd |
|
Address |
Chung- Li Industrial Zone, Taiwan, R.O.C |
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Note: |
Sunlite Chemical Industrial Co., Ltd., a 6,336-square-meter-company
built on the site of Chung-Li Industrial Zone, was established in 1983. The company produces food additives, and food
seasoning. It is recognized and authorized by Japanese companies to
manufacture their finished products in Taiwan. |
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2 |
|
|
Name |
Automatic storage warehouse |
|
Address |
Ta- Yuan Industrial Zone, Taiwan, R.O.C |
|
Note: |
The number of storage space is 1,500 pallets and
there is still enough room to be increased to 3,700 pallets. The warehouse is
fully controlled and monitored by computers. It is a 100% captive use
Lynnbros warehouse. |
Core
Management
Directors
|
1 |
|
|
Name |
Changhong Lin |
|
Position |
Board Chairman |
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2 |
|
|
Name |
Ziyuan Lin |
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Position |
Director |
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3 |
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|
Name |
Liling Liu |
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Position |
Director |
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4 |
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Name |
Yumin Lin |
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Position |
Director |
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Total Employees |
About 500
employees |
Offices
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|
Office |
|
Add |
Production
Information
l
Subject is processing of veterinary drugs and feed
additives, etc.
Purchase
Information
l
The registered activities of subject:
|
C109010 |
Manufacture of condiment |
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C801010 |
Basic chemical industry |
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C801990 |
Manufacture of other chemical materials |
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CC01080 |
Manufacture of electronic component parts |
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CC01110 |
Manufacture of computers and related equipments |
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CZ99990 |
Manufacture of other industrial products |
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F102030 |
Wholesales of cigarettes and liquor |
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F102170 |
Wholesales of food |
|
F103010 |
Wholesales of feed |
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F107010 |
Wholesales of paint and dope |
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F107020 |
Wholesales of paint and dye |
|
F107030 |
Wholesales of cleaning supplies |
|
F107041 |
Wholesales of farm chemical |
|
F107050 |
Wholesales of manure |
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F107070 |
Wholesales of animal remedy |
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F107080 |
Wholesales of Environmental agents |
|
F107170 |
Wholesales of Chemical Auxiliary |
|
F107200 |
Wholesales of industrial raw materials |
|
F107990 |
Wholesales of chemical products |
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F108021 |
Wholesales of Western medicine |
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F108031 |
Wholesales of medical medical appliance |
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F108040 |
Wholesales of cosmetics |
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F109070 |
Wholesales of school
supply and stationery, instruments, Edutainment products. |
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F113020 |
Wholesales of (electrical) appliance |
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F113030 |
Wholesales of precise instruments |
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F113050 |
Wholesales of computers and office equipments. |
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F113060 |
Wholesales of apparatus
for weights and measures |
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F119010 |
Wholesales of electronic equipments |
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F199990 |
Wholesales of other products |
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F202010 |
Retails of feed |
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F203010 |
Retails of food and beverage |
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F203020 |
Retails of cigarettes and wine |
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F206020 |
Retails of dunnage. |
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F207010 |
Retails of paint and dope |
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F207020 |
Retails of paint and dye |
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F207030 |
Retails of cleaning supplies |
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F207041 |
Wholesales of farm chemical |
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F207050 |
Wholesales of manure |
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F207070 |
Retails of animal remedy |
|
F207080 |
Retails of Environmental agents |
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F207170 |
Retails of Chemical Auxiliary |
|
F207200 |
Retails of industrial raw materials |
|
F207990 |
Retails of chemical products |
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F208021 |
Retails of Western medicine |
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F208031 |
Retails of medical medical appliance |
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F208040 |
Retails of cosmetics |
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F208050 |
Retails of category B patent medicine |
|
F209060 |
Retails of school
supply and stationery, instruments, Edutainment products. |
|
F213010 |
Retails of (electrical) appliance |
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F213030 |
Retails of computers and office equipments. |
|
F213040 |
Retails of precise instruments |
|
F213050 |
Retails of apparatus
for weights and measures |
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F219010 |
Retails of electronic equipments |
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F299990 |
Retails of other products |
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F301020 |
Supermarket operating |
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F399040 |
Retails without storefront |
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F401010 |
International trading |
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F401171 |
Import of wine |
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ZZ99999 |
Besides licensed business, all other business items
that are not banned or restricted. |
l
Subject purchase both at local and abroad
Sales
Information
l
The subject is mainly engaged in sales of various
raw materials.
l
Subject is engaged in processing
and sales of various raw materials.
l
Subject is a major
supplier for various enterprises in many different fields in Taiwan. It is
introduced that subject purchases mainly from the mainland of China and Japan,
and mainly sell its products in Taiwan.
l
Subject imports cosmetics raw materials and food
additives.
l
Subject’s products are
mainly sold in Taiwan.
Import
and export right:
|
Import
right |
Yes |
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Export
right |
Yes |
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
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Raw materials of
veterinary drugs and feed additives and others |
T/T, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Raw materials of
veterinary drugs and feed additives and others |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
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Raw materials of Medicines, cosmetics, food, feed, chemical, electronics, etc. |
COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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|
Raw materials of Medicines, cosmetics, food, feed, chemical, electronics, etc. |
CBD, etc |
100% |
The financial information is not
available from subject or other sources.
Bank details are not available
from subject or other sources.
Bill
Up to date of reporting, no bill
have been found.
Lawsuit
Up to date of
reporting, no existing or latent litigation of the subject has been found.
|
Name |
Mr. Zhang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.12 |
|
|
1 |
Rs.79.37 |
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Euro |
1 |
Rs.66.00 |
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 |
|
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 |
-- |
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.