MIRA INFORM REPORT
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Report Date : |
29.03.2012 |
IDENTIFICATION DETAILS
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Name : |
SOUND SKETCH CORPORATION |
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Registered Office : |
5F., No.276, Sec. 3, Beishen
Rd., Shenkeng Dist., New Taipei City 22206 |
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Country : |
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Date of Incorporation : |
16.07.2008 |
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Com. Reg. No.: |
29045174 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of musical
instrument |
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No. of Employees
: |
About 5 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 20,000 |
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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.
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Credit Rating: |
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Credit Opinion: |
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Registered Name: |
SOUND SKETCH CORPORATION |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
29045174 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2012.03, 1 NTD = 0.0339 USD) |
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Paid-up Capital: |
NTD 8,000,000 (USD 271,200) |
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Legal Representatives: |
Qiongying Guo |
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Legal Form: |
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Principal Activities: |
Trading of musical instruments |
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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 Shares |
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Qiongying Guo |
120,000 |
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Yongkai Guo |
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320,000 |
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Shouqing Guo |
80,000 |
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Yuhua Xu |
200,000 |
The information above
is that of subject’s major shareholders
Core
Management
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1 |
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Name |
Qiongying Guo |
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Position |
Board Chairman |
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2 |
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Name |
Yongkai Guo |
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Position |
Director |
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3 |
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Name |
Shouqing Guo |
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Position |
Director |
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4 |
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Name |
Yuhua Xu |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
About 5 employees |
Offices
& Factories
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Headquarters |
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Add |
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l
Subject is a trader of musical
instruments without any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F109070 |
Wholesales of Cultural and educational instrument
recreational supplies |
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F113020 |
Wholesales of electronic appliance |
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F118010 |
Wholesales of Information software |
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F209060 |
Retails of Cultural and educational instrument
recreational supplies |
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F213010 |
Retails of electronic appliance |
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F218010 |
Retails of Information software |
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F399040 |
Retail business without storefronts |
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F401010 |
International Trading Business |
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J602010 |
Acting activities industry |
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JA02010 |
Electrical and electronic products repairing |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases mainly broad from Japan, Germany
and USA, etc
l
Subject is the agent in Taiwan for the following
brands.
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1 |
KORG |
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2 |
VOX |
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3 |
FUJIGEN |
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4 |
SCHECTER |
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5 |
SEYMOUR DUNCAN |
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6 |
KRK, STANTON |
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7 |
NATIVE INSTRUMENTS |
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8 |
CHARVEL |
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9 |
TOM ANDERSON |
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10 |
ABLETON |
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11 |
SPECTRAFLEX |
l
The subject is mainly engaged in sales of musical instruments
including keyboard, Guitar Amplifier, Guitar, pickup,
wire rod
and Stereo Equipment, etc
l
Subject’s products are mainly sold in Taiwan and it
is introduced that subject has 62 cooperative distributor in Taiwan.
l
Subject’s major customers are music instrument shops.
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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Musical Instruments, etc |
CBD, Credit Sales, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Musical Instruments, etc |
CBD, Credit Sales, etc |
100% |
Export
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 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.
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Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.92 |
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UK Pound |
1 |
Rs.81.21 |
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Euro |
1 |
Rs.67.85 |
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.