MIRA
INFORM REPORT
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Report Date : |
02.04.2011 |
IDENTIFICATION DETAILS
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Name : |
SHUNG DAR INDUSTRIAL CO., LTD. |
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Registered Office : |
No.27, Alley 37, Lane 23, Daojhou Rd., Hemei Township, Changhua County 508 |
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Country : |
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Date of Incorporation : |
30.11.1992 |
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Com. Reg. No.: |
59313653 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture and sales of mechanical equipments, etc |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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A2 |
A2 |
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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 |
Contact Points
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Company Name: |
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Supplied Name: |
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Trading Address: |
274-16 Sec-1, |
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Supplied Address: |
274-16 Sec-1, |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
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Registered Name: |
Shung Dar Industrial Co., Ltd. |
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Registered Address: |
No.27, Alley 37, Lane 23, Daojhou Rd., Hemei Township, Changhua County
508, Taiwan, R.O.C. |
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Date of Foundation: |
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Registration Number: |
59313653 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2011.03, 1 NTD = 0.0339 USD) |
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Legal Representatives: |
Zhengxiong Yang |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
History
Subject was incorporated on
Shareholder
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Name |
Subscription Amount |
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Zhengxiong Yang |
1,270,000 |
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Bilian Xie |
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1,030,000 |
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The information above
is that of subject’s major shareholders.
Subsidiaries and branches
Other Address:
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Name: |
South Region
Sales and |
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Address: |
No. 19, Ln.126,
Guo’s an St., Annan Dist. Tainan City 709, |
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Tel: |
+886-6-358-1786 |
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Fax: |
+886-6-358-1787 |
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E-mail: |
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2 |
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Name: |
Kunshan Soondar
Machinery Co., Ltd |
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Address: |
188, |
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Tel: |
+86-512-5775-0961 |
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Fax: |
+86-512-5775-0963 |
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3 |
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Name: |
Shung Dar
Equipment ( |
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Address: |
No. 1 Factory,
No. 39 Ti Dar Industrial Area, |
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Tel: |
+86-220-498-1355 |
Personnel information
Directors
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1 |
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Name |
Zhengxiong Yang |
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Position |
Board Chairman |
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2 |
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Name |
Bilian Xie |
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Position |
Director |
Personnel
Structure
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Total Employees |
Over 200 employees ( |
Operation information
Offices & Factories
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Headquarter |
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Add |
Production
Information
l
Subject’s factory is engaged in production of mechanical
equipments such as cutting machines and feeding machines, etc
l
It is introduced that subject develops the core
technology of the products
l
Subject also cooperates with its related factories
in the mainland of
Purchase
Information
l
The registered activities of subject:
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1 |
Sales and export of AF Series |
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2 |
Sales and export of slider automatic feeding |
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3 |
Manufacture, sales and export of automatic
Material correcting machines |
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4 |
Manufacture, sales and export ofAutomatic
materials planes |
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5 |
Manufacture, sales and export of processing
machines |
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6 |
Agent import service except futures |
l
Subject did not introduce its purchasing
information.
l
Subject is engaged in sales of mechanical
equipments such as cutting machines and feeding machines, etc.
l
It is introduced that subject has its own brand
named “SD”
l
Subject’s products are both sold to domestic and
overseas market, and subject exports to Europe,
Major products
sold:
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1 |
Slitting & Cut-to-length line |
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2 |
NC transfer & Robot system |
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3 |
Transfer press feeding line |
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4 |
NC feeder Straightener & Uncoiler ( |
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5 |
NC Roll Feeder |
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6 |
Uncoiler & Straigntener |
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7 |
Precision Straightener |
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8 |
Uncoiler |
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9 |
Shear |
Settlements
Purchase
Subject did not introduce its purchasing terms.
Sales
Domestic Markets (
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Sales Terms |
Proportion |
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Mechanical equipments |
COD, etc |
100% |
Export
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Sales Terms |
Proportion |
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Mechanical equipments |
CBD, etc |
100% |
Financial information
Subject has no obligations to disclose its financial statements to the
third party according to the relevant policy in
Subject’s relevant staff Ms. Li declined to disclose the financial
information citing the grounds of company’s confidentiality, from other source
we can not obtain the relevant information, either.
Bankers
It is introduced that subject uses the account
in the mainland of
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
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Name |
Ms. Li (Peggy Li) |
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Department |
Sales department |
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E-mail: |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.65 |
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1 |
Rs.71.93 |
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Euro |
1 |
Rs.63.24 |
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.