MIRA
INFORM REPORT
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Report Date : |
22.08.2011 |
IDENTIFICATION DETAILS
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Name : |
EPAM APPLICATION MATERIAL CO., LTD. |
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Registered Office : |
No.237, Shengli st., Zhunan Township, Miaoli County 35048 |
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Country : |
Taiwan |
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Date of Incorporation : |
06.12.2007 |
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Com. Reg. No.: |
28891279 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
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 30,000 |
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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 |
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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
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
History
Subject was incorporated on
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Former English Name |
Ever Pure Application
Material Co., Ltd. |
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Current English Name |
Epam Application
Material Co., Ltd. |
Shareholders
|
Name |
Subscription
Shares |
|
Zhuanggong Lin |
1,520,140 |
| Waretech Co., Ltd. |
62,773 |
The information
above is that of subject’s major shareholders.
Subsidiaries & Branches
It is introduced that subject has a factory
in Shanghai, while the details are not disclosed.
Personnel Information
Core
Management
Directors
|
1 |
|
|
Name |
Zhuanggong Lin |
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Position |
Board Chairman |
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2 |
|
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Name |
Xinyue Wu |
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Position |
Director |
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3 |
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Name |
Zhuangsong Lin |
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Position |
Director |
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4 |
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Name |
Meijin Yang |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 30 employees (Taiwan) |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.237, Shengli
st., Zhunan Township, Miaoli County 35048, Taiwan (R.O.C.) |
Production
Information
l
Subject is a manufacturer of filter
and filter element,
etc
Purchase
Information
l
The major registered activities of subject:
|
Business Code |
Details |
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E603050 |
Engineering
Automatic controlling equipment |
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F113030 |
Wholesales of precise instrument |
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F113990 |
Wholesales of
Other mechanical appliances |
|
F401010 |
International
trading business |
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I103060 |
Management and consultant business |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
Subject purchases both at home and abroad.
l
The subject is mainly engaged in sales of filter and filter
element, etc
l
Subject’s products are both sold in domestic and
overseas market and subject’s major customers are electronic factories, PCB
factories and chemical
plants, etc
Major products
sold
|
1 |
Poly-Fluoro |
|
2 |
Meltblown Filter |
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3 |
Filter And Filter-Bag |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Raw materials |
COD, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Raw materials |
CBD, etc |
100% |
Sales
Domestic Markets
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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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T/T, CBD, etc |
100% |
Financial Information
Subject has no obligations to disclose its financial statements to the
third party according to the relevant policy in Taiwan and the only source from
which we can obtain the information is the subject itself.
Subject’s relevant staff Ms. Chiu 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 did not introduce
its bank details, 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 |
Ms. Chiu |
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Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.61 |
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|
1 |
Rs.75.32 |
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Euro |
1 |
Rs.65.68 |
RATING EXPLANATIONS
|
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.