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Report Date : |
07.05.2012 |
IDENTIFICATION DETAILS
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Name : |
HWA HONG CHEMICAL CO., LTD. |
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Registered Office : |
No.12, |
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Country : |
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Date of Incorporation : |
23.03.1987 |
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Com. Reg. No.: |
22523544 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Sales of chemicals |
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No. of Employees : |
Not Available |
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) |
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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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Supplied Address: |
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Telephone Number: |
+886-7-8131235 |
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Fax Number: |
+886-7-8131286 |
Notes: Subject’s exact name is as above.
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Credit Opinion: |
We will update the report with operation
details soon, thus we did not give the credit rating at this stage. |
We did not get in touch with subject; and we will update the report with subject’s operation information as soon as possible.
Notes: The staff number is not available at this stage
Subject was incorporated on
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Name |
Subscription Shares |
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Qixiang Dong |
19,000 |
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Ruizhu Pan |
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18,000 |
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Weizhen Dong |
1,450 |
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Youren Dong |
1,450 |
The information above is that of subject’s major shareholders.
We can not confirm whether subject has any Subsidiaries or Branches at this stage
Core
Management
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1 |
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Name |
Qixiang Dong |
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Position |
Board Chairman |
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2 |
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Name |
Ruizhu Pan |
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Position |
Director |
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3 |
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Name |
Weizhen Dong |
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Position |
Director |
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4 |
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Name |
Youren Dong |
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Position |
Supervisor |
We can not confirm subject’s operation details, thus we supplied the information registered in subject’s registration files as follows for reference.
l
The registered activities of subject:
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1 |
Manufacture, processing and sales of adhesion agent
and hot melting glue guns |
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2 |
General import and export trading business
besides licensed business |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
The settlement information is not available at this stage
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.
The financials are not available at present
We can not confirm
whether the supplied banker First Commercial Bank, San Br. No. 186, Chung Hwa 3
Road Chin Chen District, Kaobhsiung Taiwan a/c no. 704-10-005215 belongs to
subject at present.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.72 |
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UK Pound |
1 |
Rs.86.98 |
|
Euro |
1 |
Rs.70.65 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
---- |
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.