MIRA INFORM REPORT
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Report Date : |
16.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
FAIR FRIEND ENTERPRISE CO., LTD. |
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Registered Office : |
No.186, Yongji Rd., Sinyi District, Taipei City 110 |
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Country : |
Taiwan |
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Date of Incorporation : |
15.03.1979 |
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Com. Reg. No.: |
30878408 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Sales of bearing housing and pulley |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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 : |
Usually Correct |
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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 |
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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.186, Yongji
Rd., Sinyi District, Taipei City 110, 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: |
Fair Friend Enterprise Co., Ltd. |
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Registered Address: |
No.186, Yongji Rd., Sinyi District, Taipei
City 110, Taiwan (R.O.C.) |
|
Date of
Foundation: |
|
|
Registration
Number: |
|
|
Registry: |
Department of Commerce, Ministry of
Economic Affairs, R.O.C. |
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Registered
Capital: |
NTD 1,619,972,970
(USD 56,051,064.762) (As of 2011.08, 1 NTD = 0.0346 USD) |
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Paid-up Capital: |
NTD 1,574,291,740
(USD 54,470,494.204) |
|
Legal
Representatives: |
Yuwei Zhu |
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Legal Form: |
|
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Principal
Activities: |
Sales of
bearing
housing and pulley |
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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 1979-3-15 with registered number 30878408 as Joint Stock
Company in Taiwan.
Awards
|
Year |
Awards |
|
2007 |
Blue chip importer and exporter |
|
2008 |
Blue chip importer and exporter |
|
2009 |
Blue chip importer and exporter |
Standard of Blue chip importer
and exporter
Unit: USD
|
Year |
Amount |
|
2007 |
18,000,000 |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
Shareholders
|
Name |
Subscription
Amount |
|
5,051,177 |
|
|
|
|
|
4,618,925 |
|
|
Xunv
Zhu |
1,924,338 |
|
259,025 |
|
|
Lisheng Li |
100,119 |
Notes:
The information above is
that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core Management
|
1 |
|
|
Name |
Yuwei Zhu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Ziti Wang |
|
Position |
|
|
3 |
|
|
Position |
|
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4 |
|
|
Name |
Youjia Industrial Co., Ltd |
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Position |
Director |
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5 |
|
|
Name |
Lisheng Li |
|
Position |
Auditor |
Personnel Structure
|
Total Employees |
More than 20 Employees |
Operation
Information
Offices & Factories
|
|
Headquarters
|
|
Add |
No.186, Yongji Rd.,
Sinyi District, Taipei City 110, Taiwan (R.O.C.) |
Production Information
l
Subject produces bearing
housing and pulley, etc
l
The subject produces in Taiwan.
Purchase Information
l
The components and raw material for production are mostly
purchased from domestic markets.
l
The subject is mainly engaged in sales of bearing housing and pulley, etc
l
The subject sells products around the world.
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 |
|
|
CBD,
etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Bearing housing and pulley, etc |
CBD,
etc |
100% |
Financial
Information
|
Year |
Sales |
|
2010 |
About
USD 6,000,000 |
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 |
Xunv Zhu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
UK Pound |
1 |
Rs.73.53 |
|
Euro |
1 |
Rs.64.37 |
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 |
|
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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.