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Report No. : |
306624 |
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Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
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Name : |
SOLAR FINE CHEMICAL CO., LTD. |
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Registered Office : |
19F, 161-1, Sungteh Rd., Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
30.03.1984 |
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Com. Reg. No.: |
09458767 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
·
manufacturing and sale of chemicals including
reactive dyes, leather dyes, acid dyes, disperse dyes and cationic dyes · Manufacturing and sale of all kinds of dye, dye intermediate, pigment, pigment intermediate (scouring agent, decolorizer, dispersing agent, softening agent, carrier, levelling agent, desizing agent, dye-fixing agent, waterproof agent, flameproof agent, resin finishing agent, antistatic agents, resist agent) |
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No. of Employees : |
About 100 Employees |
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, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
Taiwan - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually decreasing government guidance of investment and foreign trade. Exports, led by electronics, machinery, and petrochemicals have provided the primary impetus for economic development. This heavy dependence on exports exposes the economy to fluctuations in world demand. In 2009, Taiwan's GDP contracted 1.8%, due primarily to a 13.1% year-on-year decline in exports. In 2010 GDP grew 10.7%, as exports returned to the level of previous years, and in 2011, grew 4.0%. In 2012, however, growth fell to 1.3%, because of softening global demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are major long-term challenges. Free trade agreements have proliferated in East Asia over the past several years, but except for the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010, so far Taiwan has been excluded from this greater economic integration in part because of its diplomatic status. Negotiations continue on such follow-on components of ECFA regarding trade in goods and services. The MA administration has said that the ECFA will serve as a stepping stone toward trade pacts with other key trade partners, which Taiwan subsequently launched with Singapore and New Zealand. Taiwan's Total Fertility rate of just over one child per woman is among the lowest in the world, raising the prospect of future labor shortages, falling domestic demand, and declining tax revenues. Taiwan's population is aging quickly, with the number of people over 65 accounting for 11.2% of the island's total population as of 2012. The island runs a large trade surplus largely because of its surplus with China, and its foreign reserves are the world's fifth largest, behind China, Japan, Saudi Arabia, and Russia. In 2006 China overtook the US to become Taiwan's second-largest source of imports after Japan. China is also the island's number one destination for foreign direct investment. Three financial memorandums of understanding, covering banking, securities, and insurance, took effect in mid-January 2010, opening the island to greater investments from the mainland's financial firms and institutional investors, and providing new opportunities for Taiwan financial firms to operate in China. In August 2012, Taiwan Central Bank signed a memorandum of understanding on cross-Strait currency settlement with its Chinese counterpart. The MOU allows for the direct settlement of Chinese RMB and the New Taiwan dollar across the Strait, which could help develop Taiwan into a local RMB hub. Closer economic links with the mainland bring greater opportunities for the Taiwan economy, but also poses new challenges as the island becomes more economically dependent on China while political differences remain unresolved.
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Source : CIA |
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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: |
+886-2-2346-8022 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as above.
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Credit Opinion: |
Subject was incorporated on 1984-3-30 with registered number 09458767 as Joint Stock Company in Taiwan.
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Name |
Subscription Shares |
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Zhongrong Xue |
1,692,376 |
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Zhongan Xue |
2,431,664 |
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Shixiong Wang |
286,201 |
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Zhongcheng Xue |
724,955 |
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Xiuying Xue |
743,453 |
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Zhongjie Xue |
504,833 |
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China
Development Industrial Bank Co., Ltd. |
5,364,515 |
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Mingyan Xie |
1,855,406 |
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Feng Qun Investment Co., Ltd. (Literal
Translation) |
3,128,713 |
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Xinyuan Xie |
710,014 |
The information above is that of subject’s major shareholders.
Shareholder
Information:
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1 |
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Registered Name: |
China Development Industrial Bank Co., Ltd. |
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Registered Address: |
China Development Building, No.125, Sec 5,
Nanjing East Road, Songshan District, Taipei City, Taiwan |
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Date of Foundation: |
1959-5-14 |
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Registration Number: |
11147207 |
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Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
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Registered Capital: |
NTD 92,668,510,000 (USD 3,150,729,340) (As of 2014.01, 1 NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 61,603,994,100 (USD 2,094,535,799.40) |
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Legal Representatives: |
Muzai Chen |
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Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2013-7-16 |
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2 |
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Registered Name: |
Feng Qun Investment Co., Ltd. (Literal Translation) |
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Registered Address: |
2/F-2, No.87-3, Lane 155, Dunhua North Road,
Songshan District, Taipei City, Taiwan |
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Date of Foundation: |
1993-11-16 |
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Registration Number: |
84702899 |
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Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
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Registered Capital: |
NTD 4,050,000,000 (USD
137,700,000) (As of 2014.01, 1 NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 4,050,000,000 (USD 137,700,000) |
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Legal Representatives: |
Hongjia Zhang |
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Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2012-6-19 |
Factories
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1 |
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Name: |
Dayuan Factory |
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Address: |
No.5, Gong 4th Road, Beigang Village, Dayuan Township,
Taoyuan County, Taiwan |
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Date of Foundation: |
1984-3-24 |
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Date of Registration: |
1985-1-8 |
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Factory Registration Number: |
99628964 |
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Factory Manager: |
Zhongrong Xue |
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Status: |
In Production |
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Date of Last Annual Return: |
2003-1-15 |
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Major Products: |
192 coating, dye and pigment |
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2 |
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Name: |
Dayuan Factory 2nd Factory |
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Address: |
No.3, Gong 5th Road, Beigang Village, Dayuan Township,
Taoyuan County, Taiwan |
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Date of Foundation: |
1990-3-21 |
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Date of Registration: |
1991-7-13 |
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Factory Registration Number: |
99628963 |
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Factory Manager: |
Zhongrong Xue |
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Status: |
In Production |
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Date of Last Annual Return: |
2003-1-15 |
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Major Products: |
192 coating, dye and pigment |
Core
Management
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1 |
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Name |
Zhongrong Xue |
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Position |
Board Chairman |
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2 |
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Name |
Zhongan Xue |
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Position |
Deputy Chairman |
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3 |
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Name |
Shixiong Wang |
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Position |
Director |
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4 |
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Name |
Zhongcheng Xue |
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Position |
Director |
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5 |
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Name |
Xiuying Xue |
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Position |
Director |
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6 |
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Name |
Zhongjie Xue |
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Position |
Director |
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7 |
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Name |
China Development Industrial Bank Co., Ltd. |
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Position |
Director |
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8 |
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Name |
Mingyan Xie |
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Position |
Director/Manager |
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Date of Appointment |
1993-7-8 |
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9 |
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Name |
Feng Qun Investment Co., Ltd. (Literal Translation) |
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Position |
Director |
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10 |
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Name |
Xinyuan Xie |
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Position |
Supervisor |
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11 |
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Name |
A-Song Huang |
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Position |
Manager |
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Date of Appointment |
1993-7-8 |
Personnel
Structure
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Total Employees |
About 100
Employees |
Offices
& Factories
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Headquarters |
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Add |
Production
Information
l
Subject is engaged in manufacturing of chemicals.
l
Subject has two factories in Taoyuan County, Taiwan
for production.
l
It is introduced that subject annual production is
over 10,000 tons.
l
Subject obtained the certifications of ISO 9001 and
ISO 14001.
Purchase
Information
l
The registered activities of subject:
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Business Code |
Details |
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-- |
Manufacturing and sale of all kinds of
dye, dye intermediate, pigment, pigment intermediate (scouring agent, decolorizer,
dispersing agent, softening agent, carrier, levelling agent, desizing agent,
dye-fixing agent, waterproof agent, flameproof agent, resin finishing agent,
antistatic agents, resist agent) |
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Import and export of the products above. |
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As an agent assist in developing quoting,
bidding and distributing about your above mentioned products. |
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ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
The raw materials for production are purchased from
both home and abroad such as domestic market and Southeast Asia, etc.
l Subject is engaged
in sale of chemicals.
l
The major products sold by subject include reactive
dyes, leather dyes, acid dyes, disperse dyes and cationic dyes
l
The products sold by subject are applied to
manufacturing of fiber, leather and paper.
l
Subject’s sales regions include domestic market,
Southeast Asia, Europe and America.
l
Subject’s major customers are Robama Sa De Cv and
Toyota Tsusho America Inc.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
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Terms |
Proportion |
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Raw
materials, etc |
Cash,
T/T, etc |
100% |
Foreign Purchase
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Terms |
Proportion |
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Raw
materials, etc |
L/C,
T/T, etc |
100% |
SALES
Domestic Markets
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Terms |
Proportion |
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Cash,
T/T, etc |
100% |
Export
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Terms |
Proportion |
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Chemicals,
etc |
L/C,
T/T, etc |
100% |
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. Liu 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
cannot obtain the relevant information, either.
Mortgage
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Case Type: |
Chattel Mortgage |
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Certificate No.: |
040089 |
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Debtor Name: |
Solar Fine Chemical Co., Ltd. |
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Document Number: |
109365 |
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Date of Registration: |
1992-6-15 |
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Date of Alteration: |
1992-6-15 |
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Status: |
Paid Off |
Lawsuit
Up to date of reporting, no existing or latent litigation of the subject has been found.
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Name |
Ms. Liu |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.87 |
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UK Pound |
1 |
Rs.94.07 |
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Euro |
1 |
Rs.70.19 |
INFORMATION DETAILS
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Report Prepared
by : |
NIT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.