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Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
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Name : |
GRAND HORN ENTERPRISE CO., LTD. |
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Registered Office : |
7FL., No.159, Sec.5, Min sheng e. Rd., Songshan Dist., |
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Country : |
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Date of Incorporation : |
06.04.1988 |
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Com. Reg. No.: |
22862972 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of chemicals |
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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 : |
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 |
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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: |
7FL., No.159, Sec.5, Min sheng e. Rd.,
Songshan Dist., Taipei 105, Taiwan, R.O.C. |
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Supplied Address: |
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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 enquiries, we obtained the following relies from subject.
We can not find any documents to prove that subject has any improper, unethical or illegal business conducted.
Subject’s staff Mr. Xiao 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. And he denied any bribery
Mr.
Xiao introduced that subject’s customers are mainly coating manufacturers in
Taiwan, while he declined to disclose any details.
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. And it is introduced that subject only has entity in
Taiwan and its sales regions is in Taiwan.
Subject is a Joint Stock Company
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Registered Name: |
Grand Horn Enterprise Co., Ltd. |
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Registered Address: |
7FL., No.159, Sec.5, Min sheng e. Rd., Songshan Dist., Taipei 105,
Taiwan, R.O.C. |
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Date of Foundation: |
|
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Registration Number: |
22862972 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2012.05, 1 NTD = 0.0338 USD) |
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Paid-up Capital: |
NTD 6,000,000 (USD 202,800) |
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Legal Representatives: |
Zhichang Zheng |
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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 |
Subscription Shares |
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Zhichang Zheng |
75,000 |
|
Chuirong Qiu |
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|
75,000 |
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Zhixin Huang |
150,000 |
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Mingwei Xiao |
75,000 |
The information above is that of subject’s major shareholders.
Subject did not have any subsidiaries or branches in other regions.
Core
Management
|
1 |
|
|
Name |
Zhichang Zheng |
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Position |
Board Chairman |
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2 |
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Name |
Chuirong Qiu |
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Position |
Director |
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3 |
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Name |
Zhixin Huang |
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Position |
Director |
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4 |
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Name |
Mingwei Xiao |
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Position |
Supervisor |
Offices
& Factories
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|
Headquarters |
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Add |
7FL., No.159, Sec.5, Min sheng e. Rd., Songshan Dist., Taipei 105,
Taiwan, R.O.C. |
l
Subject is a trader of additives
without any production activities itself.
Purchase
Information
l
The registered activities of subject:
|
1 |
General import and export trading business except
futures |
|
2 |
Bidding service, price quoting service and sales
of relevant products for domestic and overseas customers |
|
3 |
Operation and investment of relevant business |
l
Subject purchases mainly abroad and it is
introduced that subject is a regional agent of LUBRIZOL (USA) in Taiwan.
l
The subject is mainly engaged in sales of chemical
additives
l
It is introduced that Subject also supplies water
borne polyurethane
l
Subject’s products are sold in domestic market of
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Subject did not
introduce its purchasing terms
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Additives, etc |
COD, CBD, etc |
100% |
Export
Subject has little export business
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 Mr. Xiao 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 |
Mr. Xiao |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.86.84 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.