MIRA INFORM REPORT
|
Report Date : |
12.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
NIENG NOONG TRADING CO., LTD. |
|
|
|
|
Registered Office : |
No.22, Alley 24, Lane 803, Fu Hsing Rd., Xinying Dist., Tainan City 730 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
02.08.1986 |
|
|
|
|
Com. Reg. No.: |
22216031 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture and trade of bulk beans, grains and agricultural products, etc. |
|
|
|
|
No. of Employees
: |
30 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 20,000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Contact
Points
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.22, Alley 24, Lane 803, Fu Hsing Rd.,
Xinying Dist., Tainan City 730, Taiwan (R.O.C.) |
|
Supplied Address: |
22 Alley 24 Lane 803 Fu Hsing Rd., Hsinying
City Tainan Hsien 730 Taiwan |
|
Telephone Number: |
+886-6-6523449 |
|
Fax Number: |
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
Notes: From public files we obtain the staff
number, which was not confirmed by subject.
History
Subject was incorporated on 1986-7-2 with registered
number 22216031 as Private Limited
Liability Company in Taiwan.
Shareholders
|
Name |
Subscription
Amount |
|
Kunhong Xu |
8,700,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
Kunhong Xu |
|
|
Position |
Director |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.22, Alley 24, Lane 803, Fu Hsing Rd., Xinying Dist., Tainan City
730, Taiwan (R.O.C.) |
Production
Information
l
Subject produces bulk beans, grains and agricultural products,
etc.
l
Subject has a factory in Taiwan.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
General import and export (Besides licensed
business) |
|
2 |
Mung beans, red beans Wan
screening, screening shelling millet, corn, crushed, import and
export |
|
3 |
Feed, grains, fruits, corn,
soybeans trade, manufacturing, processing and import and export business |
|
4 |
Edible oil, wheat, flour,
rice, soybean meal, fertilizer, rice, corn flour sale, manufacture,
processing and import and export business |
|
5 |
Seed trading, manufacturing,
processing and import and export business |
|
6 |
Agent of above tender offer
on domestic and foreign firms and products distribution business |
|
A102020 |
Manufacture of agriculture products |
|
F201010 |
Retailing of agriculture products |
|
F102030 |
Wholesales of alcohol and
tobacco |
|
F203020 |
Retailing of alcohol and tobacco |
|
F104010 |
Wholesales of cloth |
|
F204010 |
Retailing of cloth |
|
F105010 |
Wholesales of furniture |
|
F205010 |
Retailing of furniture |
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 abroad.
l
The subject has a
proportion of 50% for Import
|
Product |
Origin |
|
Components and raw material |
Mainland of China, Macao |
|
Components and raw material |
America, Canada |
|
Components and raw material |
India, Thailand, Myanmar |
l
The subject is mainly engaged in manufacturing and processing
of bulk beans, grains and
agricultural products, etc.
l
Subject’s main selling territory is local markets.
l
Subject seldom exports.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw material |
CBD, etc. |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw material |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Bulk
beans, grains and agricultural products, etc. |
CBD, COD, etc. |
100% |
Export
Notes: Subject seldom exports.
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. Li 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. Li |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.23 |
|
UK Pound |
1 |
Rs.81.55 |
|
Euro |
1 |
Rs.69.60 |
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.