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MIRA INFORM REPORT
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Report Date : |
03.08.2011 |
IDENTIFICATION DETAILS
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Name : |
ILLIES ENGINEERING (TAIPEI) LTD. |
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Registered Office : |
8th Fl., No.217, Nanking E. Rd., Section 3, Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
21.08.1974 |
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Com. Reg. No.: |
04427175 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Import and export of machine |
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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Maximum Credit Limit : |
USD 60,000 |
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Status : |
Moderate |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
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: |
8th Fl., No.217, Nanking E. Rd., Section 3,
Taipei, Taiwan, R.O.C.. |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
Illies Engineering (Taipei) Ltd |
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Registered
Address: |
8th Fl., No.217, Nanking E. Rd., Section 3,
Taipei, Taiwan, R.O.C.. |
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Date of
Foundation: |
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Registration
Number: |
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Registry: |
Taipei City Government |
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Registered
Capital: |
NTD 10,000,000 (USD 347,000) (As of 2011.08, 1 NTD = 0.0347 USD) |
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Paid-up Capital: |
NTD 10,000,000 (USD 347,000) |
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Legal
Representatives: |
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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
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Name |
Subscription
Shares |
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Kamai Yi |
99,999 |
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Benduo Ou |
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|
1 |
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Notes:
The information above is
that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core Management
|
1 |
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Name |
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Position |
Board Chairman |
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2 |
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Name |
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Position |
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3 |
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Name |
Benduo Ou |
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Position |
Director |
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4 |
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Name |
Nike Kang |
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Position |
Auditor |
Personnel Structure
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Total Employees |
About
15 Employees |
Operation
Information
Offices & Factories
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|
Headquarters
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Add |
8th Fl., No.217, Nanking
E. Rd., Section 3, Taipei, Taiwan, R.O.C.. |
Production Information
l
Subject
is a trader of machine without any production activities.
Purchase Information
l
Subject
purchases food machine from Taiwan.
l
The subject
purchases spinning machine from Europe.
l
The
subject is mainly engaged in machine.
l
The
subject sells food machine in Vietnam and India.
l
The
subject sells spinning machine in Taiwan.
Import and export right:
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Import
right |
Yes |
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Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase (Taiwan and Mainland, China)
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Payment
Terms |
Proportion |
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Foreign
Purchase
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Payment
Terms |
Proportion |
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CBD, etc |
100% |
Sales
Domestic
Markets (Taiwan)
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Sales
Terms |
Proportion |
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CBD,
etc |
100% |
Export
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Sales
Terms |
Proportion |
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Food
machine |
CBD,
etc |
100% |
Financial
Information
|
Year |
Sales |
|
2010 |
About
UTD 200,000,000 (USD 6,940,000) |
Notes: The information is from introduction.
Bankers
|
Hua Nan Commercial Bank Shanghai Banking
Corporation |
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. Liu |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.23 |
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UK Pound |
1 |
Rs.72.09 |
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Euro |
1 |
Rs.62.99 |
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 |
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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.