MIRA
INFORM REPORT
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Report Date : |
03.12.2011 |
IDENTIFICATION DETAILS
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Name : |
WINGTONE INDUSTRIAL CO., LTD. |
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Registered Office : |
No.291, Tung Jung St., Guanmiao Dist., Tainan City 718 |
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Country : |
Taiwan |
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Date of Incorporation : |
01.07.1980 |
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Com. Reg. No.: |
69635014 |
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Legal Form : |
Stock Company |
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Line of Business : |
Manufacturer and trader of cold formed components, and selling the products of flange weld nuts, wheel nuts, special nuts, etc. |
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No. of Employees : |
About 170 Employees |
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 200,000 |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
Notes:
The supplied name is incorrect; the correct one is shown as above.
The supplied address is inaccurate; the accurate one is shown as above.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
History
Subject was incorporated on
Shareholders
|
Name |
Subscription Shares |
|
Yuanxi Li |
1,100,000 |
| Zhimei
Huang |
1,100,000 |
|
Yanfeng Li |
2,420,000 |
|
Cuiyu Li |
1,980,000 |
The information
above is that of subject’s major shareholders.
Subsidiaries & Branches
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1 |
|
|
Name |
PACIFIC ACME COFFEE &
FOODS CORP. |
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Address |
|
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Phone: |
+886-2-27729966 |
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Fax: |
+886-2-27731069 |
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2 |
|
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Name |
BILLIE INDUSTRIAL CORPORATION |
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Address |
8-1, Fl. No.125, Roosevelt Rd. Sec.3, Taipei |
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Phone: |
+886-2-23941775/2-82423639 |
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Mobile Phone: |
+886-920358685 |
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Fax: |
+886-2-82423679/2-29289609 |
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3 |
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Name |
EE HER CHUNG
ENTERPRISE CO., LTD. |
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Address |
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Phone: |
+886-2-26575133 |
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Fax: |
+886-2-26279252 |
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4 |
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Name |
FORTUNE CAFFE
ESPRESSO CORP. |
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Address |
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Phone: |
+886-2-27122555 |
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Fax: |
+886-2-27122575 |
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5 |
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Name |
SPLENDID
FOODSERVICE CO., LTD. |
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Address |
No. 182
Chien-Pin One Street, Tainan |
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Phone: |
+886-6-2984911/6-2984912 |
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Fax: |
+886-6-2985311 |
Personnel Information
Core Management
Directors
|
1 |
|
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Name |
Yuanxi Li |
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Position |
President |
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2 |
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|
Name |
Zhimei Huang |
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Position |
Directoe |
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3 |
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Name |
Yanfeng Li |
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Position |
Directoe |
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4 |
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Name |
Cuiyu Li |
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Position |
Supervisor |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Address |
NO.291, TUNG JUNG ST., GUANMIAO DIST., TAINAN CITY 718, TAIWAN (R.O.C.) |
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Construction
Area |
Production
Information
l
The subject is a
professional manufacturer of cold formed components, and the products including
flange weld nuts, wheel nuts, special nuts, tubes/bushings, collars, and solid
chain rollers, etc.
Purchase
Information
l
The registered activities of subject:
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|
Details |
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1 |
Manufacturing,
processing and selling of all kinds of screws, nuts and accessories, roller
chain, speaker base, polished steel bar, steel wire. |
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2 |
Manufacturing,
processing of the above-mentioned products of machinery and mechanical parts
and selling tools. |
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3 |
Manufacturing,
processing and selling of all kinds of precision metal mold. |
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4 |
Manufacturing,
processing of all kinds of mold, tool design. |
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5 |
Manufacturing,
processing and trading metal parts and metal cold forging products. |
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6 |
Import and
export trading business. of the above products. |
l
The components and raw material for production are
purchased from the domestic market.
l
The products of the
subject are mainly for exporting.
l
The subject is a
professional manufacturer and trader of cold formed components, and selling the
products to the North America, Oceania, Eastern Asia, and Western Europe.
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Products |
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1 |
Chain Roller |
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2 |
Chain Bush |
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3 |
Collar |
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4 |
Speaker Yoke |
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5 |
Phone Yoke |
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6 |
Weld Nut |
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7 |
Staking Nut |
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8 |
Insert Rivet Nut |
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9 |
Seal Cap |
|
10 |
Hydraulic Hose Fitting |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan)
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Payment Terms |
Proportion |
|
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Flange weld nuts, wheel nuts, special nuts,
tubes/bushings, collars, and solid chain rollers, etc. |
COD, Credit Sales, etc |
100% |
Foreign Purchase
The subject does not purchase from the overseas market.
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Flange weld nuts, wheel nuts, special nuts,
tubes/bushings, collars, and solid chain rollers, etc. |
COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Flange weld nuts, wheel nuts, special nuts,
tubes/bushings, collars, and solid chain rollers, etc. |
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 Taiwan and the only source from
which we can obtain the information is the subject itself.
Subject’s relevant staff Ms Liu declined to discloses 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 cannot 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 Liu |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
|
|
1 |
Rs.80.50 |
|
Euro |
1 |
Rs.69.14 |
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 |
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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.