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Report No. : |
07.12.2015 |
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Report Date : |
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IDENTIFICATION DETAILS
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Name : |
MEGA SOURCE TECHNOLOGY CO., LTD. |
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Registered Office : |
No.856, Sec. 3, Fuguo Rd., Luzhu Dist., Taoyuan
City 338 |
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Country : |
Taiwan |
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Date of Incorporation : |
01.06.2007 |
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Com. Reg. No.: |
28727469 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of paper |
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No. of Employee : |
About 50 |
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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Taiwan |
A1 |
A1 |
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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: |
No.856, Sec. 3, Fuguo Rd., Luzhu Dist.,
Taoyuan City 338, Taiwan (R.O.C.) |
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Supplied Address: |
No 856, Sec 3, Fuguo Road, Lujhu Township
Taoyuan Country 33849 |
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Telephone Number: |
+886-3-352-2828 |
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Fax Number: |
Notes: The exact name and
address are as above.
Subject was incorporated on 2007-6-1 with registered
number 28727469 as Joint Stock
Company in Taiwan.
Factory
|
Address: |
No.856, Sec. 3, Fuguo Rd., Luzhu Dist., Taoyuan City 338, Taiwan
(R.O.C.) |
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Date of
Registration: |
2008-5-26 |
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Factory
Registration Number: |
99707620 |
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Factory Manager: |
2008-5-26 |
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Status: |
In Production |
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Date of Last Annual Return: |
2008-5-26 |
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Major Products: |
339 other
products |
Major Shareholders
|
Name |
Subscription Shares |
|
Mengjun Lin |
939,963 |
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Tai-Sanki Co., Ltd. |
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1,429,000 |
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Shunfa Chen |
1,388,107 |
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Mengzhi Lin |
82,140 |
Shareholder
Information:
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Registered Name: |
Tai-Sanki Co.,
Ltd. |
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Registered Address: |
16F-7, No. 136, Min Quan West Road, Datong District, Taipei City,
Taiwan |
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Date of Foundation: |
1987-2-7 |
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Registration Number: |
22360106 |
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Registry: |
Taipei City Government |
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Registered Capital: |
NTD 50,000,000 |
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Paid-up Capital: |
NTD 50,000,000 |
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Legal Representatives: |
Yingzhou Lin |
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Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2015-3-19 |
Core Management
Directors
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1 |
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Name |
Mengjun Lin |
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Position |
Board Chairman |
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2 |
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Name |
Yuchang Lin |
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Position |
Director |
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3 |
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Name |
Shunfa Chen |
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Position |
Director |
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4 |
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Name |
Mengzhi Lin |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 50 Employees |
Offices &
Factories
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Headquarters |
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Add |
No.856, Sec. 3, Fuguo Rd., Luzhu Dist., Taoyuan City 338, Taiwan
(R.O.C.) |
l
Subject is engaged in manufacturing of paper and
etc.
l
Subject has a factory in Taiwan for production.
Purchase Information
l
The registered activities of subject:
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Business Code |
Details |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases its raw materials and etc both at
home and abroad.
l Subject is engaged
in sale of paper and etc.
l
The major products are ECO PP synthetic paper and
etc.
l
Subject’s sales regions include Asia, Europe,
America and etc.
l
Subject’s major customers are printing industry and
etc.
l
Subject’s products are applied to packaging
products, labels and etc.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Raw materials and etc |
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Payment Terms |
Cash, T/T and etc |
2.
Import
|
Products |
Raw materials and etc |
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Payment Terms |
L/C, T/T and etc |
Sales
1.
Domestic Markets
|
Product |
Paper and etc. |
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Selling Terms |
Cash, T/T and etc |
2.
Export
|
Product |
Paper and etc. |
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Selling Terms |
L/C, T/T and etc |
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. Lin declined to disclose its financials
citing the grounds of company’s confidentiality; from other sources we could
not obtain such information, either.
Subject declined
to disclose its bank details; from other source we could not obtain the
relevant information, either.
Mortgage
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Case Type: |
Chattel Mortgage |
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Registered Number: |
000108 |
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Debtor Name: |
Mega Source Technology Co., Ltd. |
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Registry: |
Department of Economic Development, Taoyuan |
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Name of Mortgagee: |
Chailease Finance Co., Ltd |
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Date of Registration: |
2015-4-10 |
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Amount of Secure Claims: |
NTD 30,000,000 |
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Type of Mortgage: |
Machinery, equipment and tools |
Lawsuit
Up to date of reporting,
no existing or latent litigation of the subject has been found.
Interview Details
|
Name |
Mr. Lin |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.99 |
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UK Pound |
1 |
Rs.101.78 |
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Euro |
1 |
Rs.73.47 |
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TWD |
1 |
Rs. 2.04 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
HEE |
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Report Prepared
by : |
ASH |
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.