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Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
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Name : |
CHUNG CIN ENTERPRISE CO., LTD. |
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Registered Office : |
8fl., No.270, Sec.4, Jung-Hsiau E. Rd., Daan Dist., |
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Country : |
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Date of Incorporation : |
23.05.1994 |
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Com. Reg. No.: |
84786927 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Provide of the construction services and the related services. |
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No. of Employees : |
About 50 Employees |
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 : |
Good |
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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) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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: |
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Fax Number: |
Notes:
The exact name and address are as above.
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Credit Opinion: |
Subject was incorporated on
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Subscription
Share |
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Test Rite Co.,
Ltd |
69,000,000 |
The information
above is that of subject’s major shareholders.
Parent Company:
|
Name |
Test Rite Group |
Core
Management
Directors
|
1 |
|
|
Name |
Tangxiong He |
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Position |
Board of Chairman |
|
2 |
|
|
Name |
Liqiu Li |
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Position |
Director |
|
3 |
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|
Name |
Zhixiang Tong |
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Position |
Director |
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4 |
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|
Name |
Youyi Shi |
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Position |
Director |
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5 |
|
|
Name |
Youquan Xie |
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Position |
Director |
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6 |
|
|
Name |
Jinghan Zhang |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 50 Employees |
Offices
& Factories
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|
Headquarters |
|
Add |
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Production
Information
l
Subject is a provider of construction services and the related services.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
H701020 |
Rent of factory |
|
F104010 |
Wholesale of
clothes |
|
F401010 |
International
trade |
|
F106030 |
Wholesale of
mold |
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E901010 |
Paint
Engineering |
l
The components and raw material for production are
purchased from both local and abroad .
l
Subject is mainly engaged in providing the construction
services and the related products.
l
Subject introduced that it is a subsidiary of Test
Rite Group.
l
Subject introduced that it can supply the
construction plan, design, construction, maintenance, and procurement of construction
materials and equipment.
l
Subject introduced that it is also involved in
trading of Home Furnishing, such as Home Textile, Home Decoration, lighting,
Bedding, dinnerware, kitchen appliances, house ware, storage, home hardware and
tools, outdoor and BBQ, etc. to Vietnam. And the products are mainly from
Taiwan, China, Japan, and Thailand.
l
Subject’s selling territory covers Asia.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Subject declined to disclose the settlements information, and from other
sources, we couldn’t obtain the information, either.
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. Jiang declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
|
Name |
Cathay United Bank(Taiwan) |
|
Address |
Taiwan, R.O.C |
Subject declined to disclose more details about the bankers’ information.
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. Jiang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.93 |
|
|
1 |
Rs.88.15 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
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 |
|
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.