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Report Date : |
28.05.2012 |
IDENTIFICATION DETAILS
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Name : |
SUNKIST CHEMICAL MACHINERY LTD. |
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Registered Office : |
10th Fl., No.200, Sec.2, Kingshan S. Rd., Taipei |
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Country : |
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Date of Incorporation : |
04.05.1979 |
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Com. Reg. No.: |
20820385 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of foam and the related products |
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No. of Employees : |
About 100 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 : |
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 |
Notes:
The supplied address is incomplete, and the exact address is as above.
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Credit Opinion: |
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Registered Name: |
Sunkist Chemical
Machinery Ltd. |
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Registered Address: |
10th Fl., No.200,
Sec.2, Kingshan S. Rd., Taipei |
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Date of Foundation: |
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Registration Number: |
20820385 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2012.05, 1 NTD = 0.03363 USD) |
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Legal Representatives: |
Boli Huang |
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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: |
Subject was incorporated on
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Name |
Subscription Amount |
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Boli Huang |
11,250,000 |
The information above is that of subject’s major shareholders.
Core
Management
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Name |
Boli Huang |
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Position |
Director |
Personnel
Structure
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Total Employees |
About 100 Employees |
Offices
& Factories
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|
Headquarters |
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Add |
10th Fl., No.
200 Kingshan South Rd., Sec. 2, Taipei, Taiwan. P.O.Box 84-478 Taipei,
Taiwan |
Production
Information
l
Subject is a manufacturer of foam and the related
products with the production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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1 |
Trade, process
and manufacture of chemical material, such as silica, additive and so on. |
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2 |
Trade, process
and manufacture of kinds of machinery |
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3 |
Import and
export of the products above. |
|
F107990 |
Wholesale of
other chemical (foam) |
l
The components and raw material for production are
purchased from local.
l
Subject is mainly engaged in manufacturing and
trading of foam and the related products.
l
Subject introduced that all foaming equipment,
flexible & rigid slabstock flat top high/low pressure foaming machine with
vacuum or carbon dioxide process, single block dispensers, foam machinery,
foam cutting machine, foam sponge rubber, bedding machine, knife cutter, foam
cutter, quilting machine, plastic recycling machine, mattress machine, smart
mould.
l
Subject introduced that it also trades cutting
machines such as auto horizontal cutter, auto circular horizontal cutter with
vacuum table, vertical, angle cutters, CNC contour cutters, long splitter
looper, three or four zone in one convolutor, auto rebounding machine for
rectangular or round blocks, laminating machines, peeling machines, Chipping
Machines, Milling, Sealing Machines, and machines for bedding industry, such
as Spring Machines, Tape-Edge, Quilting Machines and so on.
l
Subject introduced that it has an agent in India
that helps subject deal with the orders and the related services in Asia
Pacific.
l
Subject’s selling territory covers all over the
world.
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. Zhuang declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
The bankers’ information is not available from the subject or other
sources.
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. Zhuang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.73 |
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UK Pound |
1 |
Rs.87.26 |
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Euro |
1 |
Rs.69.89 |
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 |
---- |
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.