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Report No. : |
343524 |
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Report Date : |
10.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
DAH CHUNG TRADING CO., LTD. |
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Registered Office : |
5F., No.200, Gangqian Rd., Neihu Dist., Taipei
City 11494, R.O.C. |
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Country : |
Taiwan |
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Date of Incorporation : |
24.03.1969 |
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Com. Reg. No.: |
11016795 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of Chemical Products |
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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 : |
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) |
|
Taiwan |
A1 |
A1 |
|
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: |
5F., No.200,
Gangqian Rd., Neihu Dist., Taipei City 114, Taiwan (R.O.C.) |
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Supplied Address: |
Project Ream, Chemicals 4th Div 5F No 200
Ganquian Road, Neihu Dist Taipei City 114 |
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Telephone Number: |
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Fax Number: |
Note: The exact name and address are as above.
Note: Subject declined to disclose its staff number, and from other source we
can’t obtain the information, either.
Subject was incorporated
on 1969-3-24 with registered number 11016795
as Joint Stock Company in Taiwan.
Related companies
|
1 |
|
|
Name |
Dah Chung Oil Co., Ltd (Literal
Translation) |
|
2 |
|
|
Name |
Dah Chung New Engineering Oil Co., Ltd (Literal Translation) |
|
3 |
|
|
Name |
Simosa Oil Co., Ltd |
|
Address |
5F., No.200, Gangqian Rd., Neihu Dist., Taipei City 114, Taiwan
(R.O.C.) |
|
4 |
|
|
Name |
FJ Biochemistry Technology (Shanghai) Co., Ltd |
|
Address |
No. 68 Lefu Road Shanghai, China. |
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Telephone |
+86-021-5757-5939 |
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Fax |
+86-021-5227-2591 |
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5 |
|
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Name |
Simosa International Co., Ltd. |
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Address |
5F., No.200, Gangqian Rd., Neihu Dist., Taipei City 114, Taiwan
(R.O.C.) |
|
6 |
|
|
Name |
Simosa Shipping (Taiwan) Co., Ltd. |
|
Address |
5F., No.200, Gangqian Rd., Neihu Dist., Taipei City 114, Taiwan (R.O.C.) |
Major Shareholders
|
Name |
Subscription Shares |
|
Lingkan Zhou |
440,000 |
|
Xuehui Wang |
|
|
3,960,000 |
|
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Lingqian Zhou |
2,200,000 |
|
Lingyi Zhou |
2,200,000 |
Core Management
Directors
|
1 |
||
|
Name |
Lingkan Zhou |
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Position |
Board Chairman |
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2 |
||
|
Name |
Xuehui Wang |
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Position |
Director |
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3 |
||
|
Name |
Lingqian Zhou |
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Position |
Director |
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4 |
||
|
Name |
Lingyi Zhou |
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Position |
Supervisor |
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Offices & Factories
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Headquarters |
|
Add |
5F., No.200, Gangqian Rd., Neihu Dist., Taipei City 11494, Taiwan,
R.O.C. |
Production Information
Subject is a trader of chemical products, etc.
without any production activities
Purchase Information
The registered activities of subject:
|
-- |
General trading business of import and export (except for the
licensing activities) |
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-- |
The above related business. |
|
-- |
Manufacturing, processing, trading and trading business of import and
export of chemical fibre and its materials. |
|
-- |
Trading and trading business of import and export of feeds,
supplements and feed additives. |
|
-- |
Trading and importing business of food flavor. |
|
-- |
Trading and exporting business of food additives. |
Subject’s products are purchased from both home and abroad.
It is introduced that subject’s major suppliers are Akzo Nobel,
Albemarle, Chemtura, Denak, Denka, HCA, H&R, Kuraray, KERRY, TROBAS, LOTUS
and Solvay, etc.
Subject is engaged in sale of chemical
products, etc.
Subject’s products are mainly applied to industries of textile,
construction, electric and food, etc.
Subject’s sales regions mainly focus on Asia.
Subject’s major cooperative partners are Akzo Nobel Chemicals Pte Ltd.,
Albemarle Catalysts Company bv, Akema Fine Chemicals, Aspen Technology, Inc.,
Daehan Specialty Chemicals Co., Ltd, Huntsman International Trading
Corporation and DSM Fine Chemicals, etc.
Subject’s major customers are manufacturers of ceramics, food, textile
and electronic products, etc.
|
Types |
Product |
|
Food ingredients |
hydrocolloid, gelatin, jelly gum, pudding jelly gum,
stabilizer and health care ingredients, etc. |
|
Chemicals |
petroleum additives, dyes, scaling powder,
calcium carbonate, strontium carbonate and etc. |
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Chemical products, etc. |
|
Payment Terms |
T/T, Cash, etc. |
Import
|
Products |
Chemical products, etc. |
|
Payment Terms |
L/C, T/T, etc. |
Sales
Domestic Markets
|
Product |
Chemical products, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Chemical products, etc. |
|
Selling Terms |
L/C, T/T, 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 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
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 |
Ms. Li |
|
Department |
Sales Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.78 |
|
|
1 |
Rs.99.54 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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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 |
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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 |
-- |
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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.