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Report Date : |
17.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
EXCEL CHEMICAL CORPORATION |
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|
|
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Registered Office : |
RM.A,C, 9FL., No.25, Sec.4, |
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Country : |
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Date of Incorporation : |
15.11.1989 |
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Com. Reg. No.: |
23531178 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of chemical such as lubricating oil, etc |
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No. of Employees : |
Over 10 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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Company Name: |
Excel Chemical Corporation |
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Supplied Name: |
Excel Chemical Corporation |
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Trading Address: |
Rm.A,C, 9fl., No.25, Sec.4, Jen Ai Rd.,
Taipei Taiwan R.O.C. |
|
Supplied Address: |
25-1 |
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Telephone Number: |
+886-2-2741-5577 |
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Fax Number: |
+886-2-2771-7331 |
Notes: Subject’s exact name and address are as above.
|
Credit Opinion: |
Business
connections are permissible. |
|
Registered Name: |
Excel Chemical
Corporation |
|
Registered Address: |
RM.A,C, 9FL.,
No.25, Sec.4, Jen Ai Rd., Taipei Taiwan R.O.C. |
|
Date of Foundation: |
|
|
Registration Number: |
23531178 |
|
Registry: |
Department of
Commerce, Ministry of
Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 2,000,000,000 (USD 66,000,000) (As of 2011.12,
1 NTD = 0.033 USD) |
|
Paid-up Capital: |
NTD
1,794,864,500 (USD 59,230,529) |
|
Legal Representatives: |
Chengqing Wu |
|
Legal Form: |
|
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Principal Activities: |
Manufacturing and sales of chemical
such as lubricating oil, etc |
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Notes: Subject’s capital has been changed as
above.
Subject was incorporated on
Awards
|
Year |
Awards |
|
2008 |
Blue chip
importer and exporter |
|
2009 |
Blue chip
importer and exporter |
|
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 |
|
Tai He Investigate Co., Ltd |
80,102,104 |
|
Da Zhan Investigate Co., Ltd |
23,326,761 |
| Hehe
International Investment Co., :Ltd |
6,374,709 |
|
He Cheng Investigate Co.,
Ltd |
10,654,090 |
|
Zhao Feng International Business Co., Ltd |
10,800,447 |
The information
above is that of subject’s major shareholders.
Core
Management
Directors
|
1 |
|
|
Name |
Chengqing Wu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Suyue Yang |
|
Position |
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3 |
|
|
Name |
Shangbin Wu |
|
Position |
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4 |
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|
Name |
Peijuan Wu |
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Position |
Director |
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5 |
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|
Name |
Zhihong Huang |
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Position |
Director |
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6 |
|
|
Name |
Peirong Wu |
|
Position |
Director |
|
7 |
|
|
Name |
Zhongyi Li |
|
Position |
Director |
|
8 |
|
|
Name |
Qiheng Chen |
|
Position |
Director |
|
9 |
|
|
Name |
Weixian Chen |
|
Position |
Director |
|
10 |
|
|
Name |
Bingtang Guo |
|
Position |
Supervisor |
|
11 |
|
|
Name |
Pinghe Liu |
|
Position |
Supervisor |
|
12 |
|
|
Name |
Xichong Zhong |
|
Position |
Supervisor |
Offices
& Factories
|
|
Headquarters |
|
Add |
Rm.A,C, 9fl., No.25, Sec.4, Jen Ai Rd., Taipei Taiwan R.O.C. |
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Filling, subpackaging and sales of Family
liquefied petroleum gas |
|
-- |
Import, export and sales of chemicals of the
domestic and overseas manufacturers |
|
-- |
Import and export business of building material,
etc |
|
|
Import, export and sales business of cosmetics and lubricating
oil. |
|
I601010 |
Leasing industry |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases both at home and abroad.
l
The subject is mainly engaged in sales of chemical such as lubricating oil, etc.
l
The subject sells products around the world and it
is introduced that subject exports to USA, etc
l
Subject has several customers in the USA such as
Eps, Subsidiary Of Valspar Corp.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Chemicals, etc |
COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Chemicals, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Chemicals, etc |
COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Chemicals, etc |
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 declined to disclose its financials citing the
grounds of company’s confidentiality; from other source we can not obtain the
relevant information, either.
Subject’s relevant staff 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
|
1 |
Rs.86.61 |
|
Euro |
1 |
Rs.68.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
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 |
|
-- |
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.