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Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
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Name : |
CHIPLAND LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
16.07.1985 |
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Com. Reg. No.: |
69927434 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading of wood products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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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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: |
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Telephone Number: |
+886-6-2217168 |
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Fax Number: |
Notes: Subject’s exact name and address are as above.
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Credit Opinion: |
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Registered Name: |
Chipland Limited |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
69927434 |
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Registry: |
Tainan City Government |
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Registered Capital: |
(As of 2012.05, 1 NTD = 0.0339 USD) |
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Legal Representatives: |
Ximing Ke |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
Notes: Subject did not introduce its staff number;
from other source we can not obtain the relevant information, either.
Subject was incorporated on
|
Name |
Ximing Ke |
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% of Investment |
100% |
Offices
& Factories
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|
Headquarters |
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Add |
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l
Subject is a trader of wood products without any
production activities
Purchase
Information
l
Subject purchases mainly abroad.
l
It is introduced that subject’s suppliers are
mainly in Indonesia and USA.
l
The subject is mainly engaged in sales of wood
products including timber logs and processed wood products, etc
l
Subject’s products are mainly sold in domestic
market; while it is introduced that subject can also transfer wood products
from the original places directly to overseas customers.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Subject has little
domestic purchase.
Foreign Purchase
|
Payment Terms |
Proportion |
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Wood products |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Wood products |
COD, CBD, etc |
100% |
Export
Subject has little direct export, and it is introduced that the
settlement is still to be negotiated.
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. Liu 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. Liu |
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Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
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UK Pound |
1 |
Rs.86.84 |
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Euro |
1 |
Rs.70.21 |
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 |
|
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 |
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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.