MIRA INFORM REPORT
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Report Date : |
08.12.2011 |
IDENTIFICATION DETAILS
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Name : |
CHIA TUNG DEVELOPMENT CORP., LTD. |
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Registered Office : |
7 Kung Yeh W. Rd.,
Guantian Dist., Tainan City 720 |
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Country : |
Taiwan |
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Date of Incorporation : |
06.03.1981 |
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Com. Reg. No.: |
30938460 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of feed processing machines |
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No. of Employees
: |
40 persons |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 50,000 |
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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 – September 30th, 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
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Company Name: |
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Supplied Name: |
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Trading Address: |
7 Kung Yeh W. Rd., Guantian Dist., Tainan
City 720, Taiwan (R.O.C.) |
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Supplied Address: |
No. 7 Kung Yeh West Road, Kuan Tien
Industrial Zone, Kuan Tien Hsiang Tainan Hsie, Taiwan |
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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: |
Chia Tung Development Corp., Ltd. |
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Registered Address: |
7 Kung Yeh W. Rd., Guantian Dist., Tainan
City 720, Taiwan (R.O.C.) |
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Date of Foundation: |
|
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Registration Number: |
30938460 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
NTD 50,000,000 (USD 1,745,000) (As of 2011.05, 1 NTD = 0.0349 USD) |
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Paid-up Capital: |
NTD 50,000,000 (USD 1,745,000) |
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Legal Representatives: |
Zhenfa Lin |
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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
|
Name |
Subscription Shares |
|
Zhenfa Lin |
3,775,000 |
|
Peiying Lin |
|
|
245,000 |
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The information above is that of subject’s major shareholders.
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Zhenfa Lin |
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Position |
Broad Chairman |
|
2 |
|
|
Name |
Peiying Lin |
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Position |
Director |
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3 |
|
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Name |
Guohua Jian |
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Position |
Director |
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4 |
|
|
Name |
Yuenv Deng |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 40 employees |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Add |
7 Kung Yeh W. Rd., Guantian Dist., Tainan City 720, Taiwan (R.O.C.) |
Production
Information
l
Subject produces feed processing machines.
l
Subject has a factory in Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Import and export trading business except futures
|
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2 |
Sales, bidding service and price quoting of
relevant products for domestic and overseas customers. |
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3 |
Sales of handiwork, textile, automobile parts
and groceries |
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4 |
Sales of Fire building materials building
materials, ceramic tiles, wood and other building
materials |
|
5 |
Sales of feed and feed additives |
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6 |
Manufacture, processing, sales, installation and
maintenance of pulverizer, pulverizer,
whizzer, precipitron,
granular machine and conveyor and other mechanical equipment for feed, food
and chemical industry, etc |
Besides licensed business, all other business items those are not banned
or restricted.
l
The components and raw material for production are
mostly purchased from local area.
l
The subject also imports
from Japan
and Germany.
l
The subject is mainly engaged in sales of feed
processing machines.
l
Subject’s major products include Turn-key animal
feed plant and machinery, Turn-key shrimp and floating fish feed plant and
machinery, Grain terminal handling equipments, conveyors and silo system, Full
fat soya and cooked corn extrusion plant, Grain and cereals flaking plant.
l
Subject has both domestic and foreign markets.
l
Subject exports to Europe, USA, Japan, South Korea,
South America, East Asia, Africa and the Middle East.
l
The subject has a
proportion of 50% for export.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw material |
COD, CBD, etc |
100% |
Foreign Purchase
Notes: Subject has a little proportion for import.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
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Feed processing machine |
CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
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|
Feed processing machine |
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. Huang declined to disclose its financials
citing the grounds of company’s confidentiality; 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. Huang |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.45 |
|
UK Pound |
1 |
Rs.80.38 |
|
Euro |
1 |
Rs.69.12 |
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 |
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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 |
|
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.