MIRA INFORM REPORT
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Report Date : |
28.03.2012 |
IDENTIFICATION DETAILS
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Name : |
MEI YA CO., LTD. |
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Registered Office : |
1FL., No.30, |
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Country : |
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Date of Incorporation : |
01.07.1995 |
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Com. Reg. No.: |
89582367 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of Floor mat, etc |
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No. of Employees
: |
Less than 10 employees |
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: |
1FL., No.30, Nanping Rd., Nan Chiu,
Taichung, Taiwan 402, R.O.C. |
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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.
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Credit Rating: |
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Credit Opinion: |
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Registered Name: |
MEI YA CO., LTD. |
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Registered Address: |
1FL., No.30, Nanping Rd., Nan Chiu, Taichung, Taiwan 402, R.O.C. |
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Date of Foundation: |
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Registration Number: |
89582367 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2012.03, 1 NTD = 0.0339 USD) |
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Legal Representatives: |
Meichun Zheng |
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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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Meichun Zheng |
550,000 |
The information
above is that of subject’s major shareholder.
Core Management
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Name |
Meichun Zheng |
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Position |
Director |
Personnel
Structure
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Total Employees |
Less than 10 employees |
Offices
& Factories
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Headquarters |
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Add |
1FL., No.30, Nanping Rd., Nan Chiu, Taichung, Taiwan 402, R.O.C. |
l
Subject is a trader of floor mats without any
production activities itself.
Purchase
Information
l
The registered activities of subject:
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1 |
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2 |
Sales of wall paper, PVC Pedestrian space
materials Plastic decor materials, etc |
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3 |
l
Subject purchases according to the specific
conditions and it is introduced that subject is the contracted distributor of
l
The subject is mainly engaged in sales of floor
mats and its major products include Anti-Slip Series, 3m Scraper Matting, 3m Carpet Matting, Pvc Path, Artificial
Grass, Door Mat,
etc
l
Subject’s products are mainly sold in domestic
market, while it is introduced that the overseas customers are not declined.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
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Payment Terms |
Proportion |
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Floor mat, etc |
CBD, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Floor mat, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Floor mat, etc |
CBD, etc |
100% |
Export
Subject has little export, while it is introduced that overseas customers
are not declined, but the settlement is to be negotiated.
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.
Subject 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.
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.91 |
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UK Pound |
1 |
Rs.81.27 |
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Euro |
1 |
Rs.67.99 |
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.