MIRA INFORM REPORT

Report Date :

23.11.2012

IDENTIFICATION DETAILS

Name :	YII DIANN CHEMICAL INDUSTRY CO., LTD.

Formerly Known As :	YEONG LIH CHEMICAL INDUSTRY CO., LTD.

Registered Office :	3F, No.7, San Min St., Sanchong Dist., New Taipei City 241

Country :	Taiwan

Date of Incorporation :	04.05.1989

Com. Reg. No.:	23257208

Legal Form :	Private Limited Company

Line of Business :	Trading of chemical products, etc

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

Payment Behaviour :	Unknown

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 – June 30^th, 2012

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Taiwan

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Contact Points

Company Name:	YII DIANN CHEMICAL INDUSTRY CO., LTD.
Supplied Name:	YII DIANN CHEMICAL INDUSTRY CO LTD.
Trading Address:	3F, No.7, San Min St., Sanchong Dist., New Taipei City 241, Taiwan (R.O.C.)
Supplied Address:	3F No. 7 san Min St sanchung City Taipei Hsien Taiwan
Telephone Number:	+886-2-2982-7122
Fax Number:	+886-2-2986-0952
E-mail:	kuang.tai66@msa.hinet.net

Notes: Subject’s exact name and address are as above.

Credit Summary

Credit Opinion:

Business connections are permissible.

Company Identification Details

Registered Name:	YII DIANN CHEMICAL INDUSTRY CO., LTD.
Registered Address:	3F, No.7, San Min St., Sanchong Dist., New Taipei City 241, Taiwan (R.O.C.)
Date of Foundation:	1989-5-4
Registration Number:	23257208
Registry:	New Taipei City Government
Registered Capital:	NTD 10,000,000 (USD 334,000) (As of 2012.08, 1 NTD = 0.0334 USD)
Legal Representatives:	Yijian Ruan
Legal Form:	Private Limited Company
Principal Activities:	Trading of chemical products, etc
Staff:	N/A
Listed at Stock Exchange:	No
Date of Last Annual Return:	2007-7-30

Notes: Subject declined to disclose its present staff number; from other source we can not obtain the relevant information, either.

History

Subject was incorporated on 1989-5-4 with registered number 23257208 as Private Limited Company in Taiwan.

Change of Name

Former Chinese Name	詠勵化工有限公司
Current Chinese Name	鎰鈿實業有限公司

Former English Name	YEONG LIH CHEMICAL INDUSTRY CO., LTD.
Current English Name	YII DIANN CHEMICAL INDUSTRY CO., LTD.

Shareholders

Unit: NTD

Name

Subscription Amount

Yijian Ruan

10,000,000

Subsidiaries & Branches

Subject did not register whether it has any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Personnel Information

Core Management

Director

Name	Yijian Ruan
Position	Director

Operation Information

Offices & Factories

	Headquarters
Add	3F, No.7, San Min St., Sanchong Dist., New Taipei City 241, Taiwan (R.O.C.)

Production Information

l Subject is a trader of chemical materials without any production activities itself.

Purchase Information

l The registered activities of subject:

--	General import and export trading business (Besides licensed business, futures)
--	Sales of all kinds of chemical materials
--	Agent service, Sales service, price quoting and bidding service of the above mentioned business

l Subject purchases chemical materials mainly from domestic market and it is introduced that subject cooperates with the related chemical manufacturers in Taiwan, while the details are not disclosed.

Sales Information

l The subject is mainly engaged in sales of chemical materials and its major products are Benzene products, etc

l Subject’s products are both sold in domestic and overseas market and it is introduced that subject exports to Singapore and Malaysia, etc

Import and export right:

Import right	Yes
Export right	Yes

Settlements

Purchase

Domestic Purchase

Product	Payment Terms	Proportion
Chemical materials, etc	COD, Credit Sales, etc	100%

Foreign Purchase

Subject has little import business

Sales

Domestic Markets

Product	Sales Terms	Proportion
Chemical materials, etc	CBD, COD, etc	100%

Export

Product	Payment/Sales Terms	Proportion
Chemical materials, etc	L/C, etc	100%

Financial Information

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. Wang declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

Bankers

Subject declined to disclose its bank details; from other source we can not obtain the relevant information, either.

Public Record

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.

Interview Details

Name	Mr. Wang
Department	Sales Department

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.16
UK Pound	1	Rs.88.03
Euro	1	Rs.70.86

INFORMATION DETAILS

Report Prepared by :

NIT

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.