MIRA INFORM
REPORT
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Report Date : |
10.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
JIN DIING CO., LTD. |
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Registered Office : |
No.14, Pa Teh Rd., Xinying Dist., Tainan City 730 |
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Country : |
Taiwan |
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Date of Incorporation : |
06.01.1988 |
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Com. Reg. No.: |
22706895 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales
of toilet paper |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 80,000 |
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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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Contact
Points
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
History
Subject was incorporated on
Shareholders
|
Name |
Subscription
Shares |
|
Huashan Lin |
7,547 |
| Huifang Chen |
11,433 |
|
Yuxiang
Lin |
5,120 |
|
Yujun
Lin |
4,900 |
Notes:
The information above is that
of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core Management
|
1 |
|
|
Name |
Huashan Lin |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Huifang Chen |
|
Position |
Director |
|
3 |
|
|
Name |
Yuxiang Lin |
|
Position |
Director |
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4 |
|
|
Name |
Yujun Lin |
|
Position |
Auditor |
Personnel Structure
|
Total Employees |
More than 20 Employees |
Operation
Information
Offices & Factories
|
|
Headquarters
|
|
Add |
No.14, Pa Teh
Rd., Xinying Dist., Tainan City 730, Taiwan (R.O.C.) |
Production Information
l
Subject produces toilet
paper.
l
The subject produces in Taiwan.
Purchase Information
l
The raw material for production is mostly purchased from domestic markets.
Sales Information
l
The subject is mainly engaged in sales of toilet paper.
l
The subject sells products in Taiwan.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic
Purchase (Taiwan and Mainland, China)
|
Payment
Terms |
Proportion |
|
|
Raw material |
COD,
etc |
100% |
Foreign
Purchase
Sales
Domestic
Markets (Taiwan)
|
Sales
Terms |
Proportion |
|
|
Toilet paper |
CBD,
etc |
100% |
Export
Financial
Information
|
Year |
Sales |
|
2010 |
About USD 8,000,000 |
Notes:
The information is from
introduction.
Bankers
|
Name |
Taiwan
Bank |
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 |
Ms. Chen |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.17 |
|
UK Pound |
1 |
Rs.73.72 |
|
Euro |
1 |
Rs.64.26 |
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 |
|
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 |
|
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 |
|
---- |
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.