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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
MOUNT CHEER INTERNATIONAL CO., LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10.06.1996 |
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Com. Reg. No.: |
97031583 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading of home accessories. |
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No. of Employees : |
About 10 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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: |
1 FL 391 Yi Ming Rdsection 2 Tali City
Taichung Hsien 412 Taiwan |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes:
The supplied name is incomplete, and the exact name is as above.
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Credit Opinion: |
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Registered Name: |
Mount Cheer
International Co., Ltd. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
97031583 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2012.05, 1 NTD =
0.03427 USD) |
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Legal Representatives: |
Zhenhui Dai |
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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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Zhenhui Dai |
3,000,000 |
The information above is that of subject’s major shareholders.
Core Management
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Name |
Zhenhui Dai |
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Position |
Director |
Personnel
Structure
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Total Employees |
About 10 Employees |
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject is a trader of home accessories without any
production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F206020 |
Retail of daily
necessity |
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F106020 |
Wholesale of
daily necessity |
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F205040 |
Retail of
furniture, bedding accessories, home decoration |
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F105050 |
Wholesale of
furniture, bedding accessories, home decoration |
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F401010 |
International
trade |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
Subject is mainly engaged in trading of home
accessories and the related products.
l
Subject introduced some products of it, such as the
carpets for the bathroom, tablecloth, pillow and so on.
l
Subject’s selling territory is the domestic
markets.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Subject discloses that it generally trade by cash, but subject refused to
disclose more details about the settlements 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 Mr. Chan declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
The bankers’ information is not available from the subject or other
sources.
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.
|
Name |
Mr. Chan |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.93 |
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UK Pound |
1 |
Rs.85.85 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
---- |
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.