MIRA INFORM REPORT
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Report Date : |
18.05.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
POLYCHEM CO., LTD. |
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Registered Office : |
No.3, Lane 412, Long |
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Country : |
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Date of Incorporation : |
05.02.1987 |
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Com. Reg. No.: |
22359190 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Sales of flux, cleaning agent, dilution, etc. |
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No. of Employees : |
Not Available |
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) |
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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: |
Polychem Co., Ltd. |
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Supplied Name: |
Polychem Corporation |
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Trading Address: |
No.3, Lane 412, Long Chiang Rd., Taipei |
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Supplied Address: |
11F-11, No-6, Lane 180 Sec 6, Min Chuan E Road, Taipei |
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Telephone Number: |
+886-2-22772768 |
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Fax Number: |
+886-2-22772767 |
Notes: The exact subject’s name and address are as above mentioned.
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Credit Opinion: |
Notes: Subject declined to introduce its staff
number.
Subject was incorporated on 1987-2-5 with registered
number 22359190 as Private
Limited Liability Company in Taiwan.
|
Name |
Subscription Shares |
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Huang Zhenghe |
245 |
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Zhang shufen |
250 |
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Huang Lufeng |
1 |
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Wu Caihui |
1 |
The information above is that of subject’s major shareholders.
Core
Management
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Name |
Hang Zhenghe |
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Position |
Chairman |
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2 |
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Name |
Zhang Shufen |
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Position |
Director |
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3 |
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Name |
Huang Lufeng |
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Position |
Director |
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4 |
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Name |
Wu Caihui |
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Position |
Supervisor |
Offices
& Factories
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Headquarters |
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Add |
Production
Information
l
Subject is a trader of flux, cleaning agent, dilution, etc. without any production
activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
General import and export |
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2 |
Agent of domestic and foreign firms of bidding
for products and distribution and other services of
domestic and foreign |
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3 |
Trading and investment of above mentioned
operations |
Besides licensed business, all other business items those are not banned
or restricted.
l
The subject has a
proportion of 50% for Import
l
The subject is mainly engaged in sales of flux, cleaning agent, dilution, etc.
l
Subject sells products to local factories.
l
Subject’s selling territory is 100% national.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
Notes: Subject seldom
purchases from domestic markets.
Foreign Purchase
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Payment Terms |
Proportion |
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Flux, cleaning agent,
dilution, etc. |
CBD, etc. |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Flux, cleaning agent, dilution,
etc. |
CBD, etc. |
100% |
Export
Notes: Subject seldom exports.
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.
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.
Notes: The woman who answered the phone declined to disclose her name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
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UK Pound |
1 |
Rs.86.61 |
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Euro |
1 |
Rs.68.87 |
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 |
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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.