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Report Date : |
05.05.2012 |
IDENTIFICATION DETAILS
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Name : |
IMPERIAL CHEMICAL CORPORATION |
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Registered Office : |
No.3, |
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Country : |
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Date of Incorporation : |
24.07.1992 |
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Com. Reg. No.: |
86802541 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of specialty chemicals |
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No. of Employees : |
About 70 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
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: |
No.3, Hsing Kung Rd., Dashe Dist., Kaohsiung
City 815, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-7-351-3724 |
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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 Opinion: |
Subject was incorporated on
Awards
|
Year |
Awards |
|
2008 |
Blue chip importer and exporter |
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2009 |
Blue chip importer and exporter |
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2010 |
Blue chip importer and exporter |
Standard of Blue
chip importer and exporter
Unit:
USD
|
Year |
Amount |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
|
Name |
Subscription Shares |
|
Guang Tai Investment Co., Ltd (Literal Translation) |
4,650,000 |
|
Jia Li Investment Co., Ltd (Literal Translation) |
|
|
7,480,000 |
|
|
Sheng Xing Investment Co., Ltd (Literal Translation) |
20,000 |
|
Shang Shun Investment Co., Ltd (Literal Translation) |
1,500,000 |
|
Da San Investment Co., Ltd (Literal Translation) |
3,000,000 |
|
Jinn Wei Engineering & Construction Co., Ltd |
4,500,000 |
|
Jia Xin Investment Co., Ltd (Literal Translation) |
2,400,000 |
The information
above is that of subject’s major shareholders.
Core
Management
Directors
|
1 |
|
|
Name |
Mingshan Jian |
|
Position |
Board Chairman |
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2 |
|
|
Name |
Shufang Gu |
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Position |
Director |
|
3 |
|
|
Name |
Kunsong Chen |
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Position |
Director |
|
4 |
|
|
Name |
Wensheng Wang |
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Position |
Director |
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5 |
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|
Name |
Weizhong Ye |
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Position |
Director |
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6 |
|
|
Name |
Kunlun Zhou |
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Position |
Director |
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7 |
|
|
Name |
Shanwen Shi |
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Position |
Director |
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8 |
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Name |
Xianjun Zhou |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 70 employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.3, Hsing Kung Rd., Dashe Dist., Kaohsiung City 815, Taiwan (R.O.C.) |
Production
Information
l
Subject is a manufacture of specialty chemicals and
it is introduced that subject has obtained the certification of ISO 9002, ISO
14001.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C801010 |
Basic chemical industry |
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C801990 |
Manufacture of other chemical materials |
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C802170 |
Manufacture of toxic chemicals in |
|
F113010 |
Wholesales of machinery |
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F213080 |
Retails of Machinery and Equipment. |
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F107060 |
Wholesales of toxic chemicals in |
|
F107110 |
Wholesales of petrochemical materials |
|
F119010 |
Wholesales of electronic materials |
|
F401010 |
International trading business |
|
E301010 |
Water treatment engineering |
|
J101990 |
prevention and controlling services of other
environmental pollution |
l
Subject did not introduce its purchasing
information
l
The subject is mainly engaged in sales of specialty
chemicals
l
Subject’s products are applied to the industry of
agriculture, mining, metallurgy, medical, pharmaceutical, cosmetics,
electroplating, polymers, etc
l
Subject’s products are both sold in domestic market
and it is introduced that subject’s sales business spreads over 30 countries
around the world.
Major products
sold
|
1 |
Acetonitrile |
|
2 |
E.D.T.A |
|
3 |
Sodium Cyanide |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Subject did not introduce its purchasing terms.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
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Specialty Chemicals |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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|
Specialty Chemicals |
CBD, etc |
100% |
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 Ms. Wu 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.
|
Name |
Ms. Wu |
|
Department |
Sales department |
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E-mail: |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.72 |
|
|
1 |
Rs.86.98 |
|
Euro |
1 |
Rs.70.64 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
|
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 |
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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 |
|
<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.