MIRA INFORM REPORT
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Report Date : |
11.04.2011 |
IDENTIFICATION DETAILS
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Name : |
WHOLE SHINE CO., LTD. |
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Registered Office : |
No.116-6, Lane 460, Namshih Sec.2, |
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Country : |
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Date of Incorporation : |
15.12.1989 |
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Com. Reg. No.: |
23546828 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of industrial
machinery |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 60,000 |
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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
|
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: |
No.116-6, Lane 460, Namshih Sec.2, Chunfun Rd., Pingjen City, Taoyuan
32472, Taiwan (R.O.C.) |
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Supplied Address: |
No. 116-6, Lane 460, Namshih Sec 2, Chunfun Rd., Pingen City, Taoyuan,
Taiwan |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and address are as
above.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
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Registered Name: |
Whole Shine Co.,
Ltd. |
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Registered
Address: |
No.116-6, Lane
460, Namshih Sec.2, Chunfun Rd., Pingjen City, Taoyuan 32472, Taiwan (R.O.C.) |
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Date of Foundation: |
|
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Registration
Number: |
23546828 |
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Registry: |
MOEA Central
Office |
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Registered
Capital: |
(As of 2011.04, 1
NTD = 0.0345 USD) |
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Paid-up Capital: |
NTD 20,000,000
(USD 690,000) |
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Legal Representatives: |
Xuemei Zhang |
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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
Shareholders
|
Name |
Subscription
Shares |
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Xuemei
Zhang |
400 |
|
Tianyu Huang |
|
|
550 |
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|
Yiting
Huang |
338 |
|
Yixuan
Huang |
375 |
The information above is that of subject’s
major shareholders.
Subsidiaries & Branches
Subject did not introduce whether it has any
subsidiaries or branches, from other source we can not obtain the relevant
information, either.
It is introduced that subject has factory on
the trading address.
Factory:
|
Address: |
No.116-6, Lane
460, Namshih Sec.2, Chunfun Rd., Pingjen City, Taoyuan 32472, Taiwan (R.O.C.) |
Personnel Information
Core Management
|
1 |
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|
Name |
Xuemei Zhang |
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Position |
Board Chairman |
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2 |
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Name |
Tianyu Huang |
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Position |
Director |
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3 |
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Name |
Yiting Huang |
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Position |
Director |
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4 |
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Name |
Yiyuan Huang |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
About
30 employees |
Operation Information
Offices & Factories
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Headquarters
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Add |
No.116-6, Lane 460, Namshih Sec.2, Chunfun
Rd., Pingjen City, Taoyuan 32472, Taiwan (R.O.C.) |
l
Subject
is engaged in manufacture of industrial machinery.
l
Subject has
a whole manufacturing process including design, processing, assembling, etc
Purchase Information
l
The
registered activities of subject:
|
1 |
Manufacture, processing and sales business of all kinds of Industrial
machinery and components |
|
2 |
Manufacture, processing and sales business of electronic component
manufacturing machinery, testing equipments and components. |
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3 |
Manufacture, processing and sales business of optical
equipments |
|
4 |
Sales of materials for the above mentioned business |
|
5 |
Import and export business for the above mentioned business |
l
Subject purchases
components both at home and abroad.
l
It is
introduced that subject purchases basic components from
Major products
purchased:
|
Product |
Origin |
|
Basic
components |
|
|
Control
elements |
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l Subject is engaged in sales of industrial
machinery and relevant components and it is introduced that subject mainly
supplies products for passive components and transformer,
etc.
l
Subject’s
products are both sold to domestic and overseas market including the mainland
of
Import and export right:
|
Import
right |
Yes |
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Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase
|
Payment
Terms |
Proportion |
|
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Basic
Components |
COD,
etc |
100% |
Foreign
Purchase
|
Payment
Terms |
Proportion |
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Control
Elements |
CBD,
etc |
Sales
Domestic
Markets
|
Payment
Terms |
Proportion |
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Industrial
Machinery |
L/C,
etc |
100% |
Export
|
Payment
Terms |
Proportion |
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Industrial
Machinery |
L/C,
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 Mr. Huang declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant information,
either.
Bankers
Subject declined to
disclose its bank details at this stage stating that they will release the
information if there is further cooperation, from other source we can not
obtain the relevant information, either.
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
|
Name |
Mr. Huang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.04 |
|
|
1 |
Rs.72.20 |
|
Euro |
1 |
Rs.63.40 |
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 |
|
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 |
|
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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.