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Report Date : |
18.05.2012 |
IDENTIFICATION DETAILS
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Name : |
TOP RHYME INTERNATIONAL CO., LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
06.03.1991 |
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Com. Reg. No.: |
86014019 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of cosmetic materials |
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No. of Employees : |
16 |
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
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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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Trading Address: |
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Supplied Address: |
8th Fl., Universal Center No. 183, Sec. 1,
Tatung Rd, His-Chih District, New taipei City, 221 Taiwan |
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Telephone Number: |
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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: |
According to your inquiries, we contacted subject and obtained the
following replies.
We can not find any documents to prove that subject has any improper, unethical
or illegal business conducted.
Subject’s staff Ms. Cai declined to confirm whether subject has any
person associated with it representing the local government in any capacity,
holding government positions or a civil servant position.
It is introduced that subject can not release its customers’ information
without their permission; while it is introduced that subject’s customers are
all in Taiwan.
We have supplied all the available information from our sources of
subject in the report.
Subject does not have any sales or sales offices in Cuba, Iran, North
Korea, Sudan or Syria.
Subject is a Private Limited Company
Subject was incorporated on
2001.10 Paid Up capital has been increased to NTD 25,000,000
2005.12 Paid Up capital has been increased to NTD 40,000,000
2011.10 Paid Up capital has been increased to NTD 85,000,000
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Name |
Subscription Amount |
|
Shiqin Yang |
4,250,000 |
The information above
is that of subject’s major shareholders.
Subject does not have any subsidiaries or branches.
Core
Management
|
Name |
Shiqin Yang |
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Position |
Director |
Personnel
Structure
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Total Employees |
16 employees |
Offices
& Factories
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|
Headquarters |
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Add |
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l
Subject is a trader of cosmetic materials without
any production activities itself.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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C802090 |
Manufacture of cleaning productss |
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C802100 |
Manufacture of Cosmetics |
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C802110 |
Manufacture of Cosmetic colors |
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F107030 |
Wholesales of cleaning products |
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F107200 |
Wholesales of chemical materials |
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F108040 |
Wholesales of Cosmetics |
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F108051 |
Retails of Cosmetic colors |
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F401010 |
International trading business |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject’s purchases mainly from overseas market
l
Subject is the agent for the following suppliers:
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CRODA (UNIQEMA,
I.C.I., Solaveil, Mona, Unichema) |
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2 |
NALCO (Calgon) |
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3 |
Chemyunion |
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4 |
L'Angelica /
AKOTT |
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5 |
Momentive |
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6 |
INNOSPEC |
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7 |
PURAC |
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8 |
PQ corporation
(INEOS SILICAS) |
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9 |
SPEC CHEM |
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10 |
SETALG |
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11 |
Freda |
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12 |
Pacific Oleo |
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13 |
EVONIK (GOLDSCHMIDT, Degussa) |
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14 |
BiotechMarine (Secma) |
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15 |
H. REYNAUD & FILS |
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16 |
Orgarome |
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17 |
SINO LION |
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18 |
Sachtleben (KEMIRA) |
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19 |
UENO |
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20 |
EOC Surfactants |
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21 |
Color Clay |
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22 |
Rockwood Pigments |
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23 |
Kahl & Co |
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24 |
Southern Cross |
l
The subject is mainly engaged in sales of cosmetic
materials including Oil or Fat, waxes, surfactant, active
ingredients, Silica, preservative, essential oil
and extract, etc
l
Subject’s products are applied to the manufacturing
of hairdressing and
beauty products.
l
Subject’s products are mainly sold in domestic
market of Taiwan
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
Subject has little domestic purchase
Foreign Purchase
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Payment Terms |
Proportion |
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Cosmetic materials |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Cosmetic materials |
COD, CBD, etc |
100% |
Export
Subject has little export
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 staff Ms. Cai 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. Cai |
FOREIGN EXCHANGE RATES
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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.