MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
WHU MEN CO LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
26.10.1984 |
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Com. Reg. No.: |
59354838 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in providing administrative management services for
China-based company |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
WHU MEN CO LTD
35 TOU CHUANG LANE TOU NAN LI LUKANG CHEN CHANGHWA HSIEN 505,
TEL :886-4-7714088
FAX :886- 4-7714561
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 26, 1984
REGISTRATION NO. :
59354838
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. HSIEN-YANG LIN (CHAIRMAN)
STAFF STRENGTH :
2
CAPITAL :
US$ 151,057
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
NR
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIR
GENERAL REPUTATION :
FAIR
EXCHANGE RATE :
TWD 32.70934 = US$1 AS OF 2007-7-5
*Company Registration*
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License number : 59354838
Date issued : 26 October, 1984
Issuing authority : Ministry of Economic Affairs
*Office & Facilities*
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Size : 200 sq meter (Approxs)
Location : Changwha Hsien
Property status : Rented
Type of building : Retail outlet
in a semi-residential building
*Corporate & Organization Structure*
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A small-sized company operated and managed by the owner and family
members.
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder : 1
Shareholder's Name
% of Shares
Mr. Hsien-yang Lin 100.00
Management: Mr. Hsien-yang Lin, General Manager
Name Nationality
Job Description
Mr. Hsien-yang Lin Taiwanese
General Manager
*Key Personnel*
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Mr. Hsien-yang Lin
Founder :
Sole-founder
Resident status :
Work experience :
More than 20 years experience.
Responsibilities :
Handles the daily operation of the firm including all financials and
legal matters.
*Main Products & Services*
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Engaged in providing administrative management services for China-based
company.
Products:
Administrative management
Marketing
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : SHANGHAI
DONGMEI CHEMICAL CO LTD
Address : Rm
19 4Fl Shangqin Garden
200060
Country :
Relationship :
Subsidiary
Legal Form : Private
Limited Company
Company Type : Trader
Industry :
Chemicals
PAYMENT RATING :NR OBTAINED SCORES : No Data
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Rating Key |
Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the payment pattern of SC based
upon our Payment Database, comments from suppliers of SC, information from
banks (if available), as well as industrial sources.
As a private limited company with a paid-up capital of less than USD 6
million, there is no legal requirement according to local corporate law for
public disclosure of detailed financials
Note:
The company is essentially just a administrative "shelf
company" used for the firm's business activities in
*Bank Details*
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Bank name : SHANGHAI COMMERCIAL & SAVINGS BANK
LTD
Branch :
Account number : 10108000003735
Swift code : SCSBTWTP
In view of our finding of SC's principals & SC's operation style,
great caution is required in providing credit to SC & COD is recommended.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 7300
Business Services
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9900
Business services, health,
financial/insur. legal/real estate, hotels, and misc repairs
Service 9967
Marketing
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)