MIRA INFORM REPORT

 

 

Report Date :

22.03.2012

 

IDENTIFICATION DETAILS

 

Name :

THE GREAT KINGDOM ENTERPRISES LTD.

 

 

Registered Office :

7fl., No.59-1, Sec.2, Chung King S. Rd., Taipei 100, Taiwan, R.O.C.

 

 

Country :

Taiwan

 

 

Date of Incorporation :

08.10.1971

 

 

Com. Reg. No.:

33286913

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trade of cycle components

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 40,000

 

 

Status :

Moderate 

 

 

Payment Behaviour :

No complaints 

 

 

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

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Contact Points

 

Company Name:

The Great Kingdom Enterprises Ltd.

Supplied Name:

The Great Kingdom Enterprises Ltd.

Trading Address:

7fl., No.59-1, Sec.2, Chung King S. Rd., Taipei 100, Taiwan, R.O.C.

Supplied Address:

F., No. 108, Sec. 1, Nanchang Rd., Zhongzheng Dist., Taipei City 100

Telephone Number:

+886 2-23961760

Fax Number:

+886 2-23968584

Notes:

The supplied address is incorrect, and the exact address is as above.

 

Special Note

 

According to the supplied name and address, we found a telephone number (+886 2-23961760), and we contacted the subject through the number. And a staff answered the phone, but she declined to disclose the details information about subject, except the name and the address.

 

From other sources, the files show that subject is engaged in trading of cycle components, since subject declined to confirm the information, we can not confirm the information.

 

We found subject’s registration information as follows for reference.

 

Credit Summary

 

Credit Rating:

Maximum credit USD 40,000

Credit Opinion:

Business connections are permissible.

 

Company Identification Details

 

Registered Name:

The Great Kingdom Enterprises Ltd.

Registered Address:

7fl., No.59-1, Sec.2, Chung King S. Rd., Taipei 100, Taiwan, R.O.C.

Date of Foundation:

1971-10-8

Registration Number:

33286913

Registry:

Taipei City Government

Registered Capital:

NTD 5,000,000 (USD 168,982)

(As of 2012.3, 1 NTD = 0.03380 USD)

Legal Representatives:

Yaguo Ni

Legal Form:

Private Limited Liability Company

Principal Activities:

Trade of cycle components

Staff:

N/A

Listed at Stock Exchange:

No

Date of Last Annual Return:

2011-6-16

Note:

Subject declined to disclose the staff number, and from other sources, we couldn’t obtain the information, either.

 

History

 

Subject was incorporated on 1971-10-8 with registered number 33286913 as Private Limited Liability Company in Taiwan.

 

Shareholders

 

(Unit: NTD)

Name

Subscription Amount

Yaguo Ni

1,500,000         

 

 

The information above is that of subject’s major shareholders.

 

Subsidiaries & Branches

 

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

 

Personnel Information

 

Core Management

Directors

1

Name

Yaguo Ni

Position

Director

 

Operation Information

 

Offices & Factories

 

 

Headquarters

Add

7fl., No.59-1, Sec.2, Chung King S. Rd., Taipei 100, Taiwan, R.O.C.

 

Operation Information

 

l         The registered activities of subject:

Business Code

Details

1

Import and export of products.

2

Agent of the investment and other related products in both domestic and overseas market

3

Managing of the trade above.

 

l         Subject declined to disclose the details information of subject, and from other sources, we found that subject is mainly engaged in trading of cycle components, since subject declined to confirm the information, we can not confirm the information.

Import and export right:

Import right

Yes

Export right

Yes

 

Settlements

 

Subject declined the settlements information, and from other sources, we couldn’t obtain the information, either.

 

Financial 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 declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

 

Bankers

 

The bankers’ information is not available from the subject or other sources.

 

Public Record

 

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.

 

Interview Details

 

Name

N/A

Note:

A lady answered the phone, but declined to disclose her name.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.59

UK Pound

1

Rs.80.34

Euro

1

Rs.67.14

 

 

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

--

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.