MIRA INFORM REPORT
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Report Date : |
21.12.2011 |
IDENTIFICATION DETAILS
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Name : |
MING HWEI ENERGY CO., LTD. |
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Registered Office : |
No.399, Gangyan Rd., Gangshan
Dist., Kaohsiung City 820 |
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Country : |
Taiwan |
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Date of Incorporation : |
28.07.2010 |
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Com. Reg. No.: |
53129645 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of machinery |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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: |
No.399, Gangyan Rd., Gangshan Dist.,
Kaohsiung City 820, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-7-6222851 |
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Fax Number: |
Notes: The exact subject’s name and address are as above mentioned.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Since subject has not started its
operations, thus we did not give the credit rating at this stage. |
Special
Notes
We contacted the
subject, and the relevant staff introduced that their company are still in
preparation and will start operation next year.
From public files,
we found that subject was a battery manufacturer, while the
operation information is not confirmed by subject.
We found the
registered information of subject from local registry, supplying as follows for
reference.
Company
Identification Details
History
Subject was incorporated on 2010-7-28 with registered number 53129645 as Joint Stock Company in Taiwan.
Shareholders
|
Name |
Subscription Shares |
|
Congling Cai |
1,260,000 |
|
Zongyou Cai |
|
|
4,410,000 |
|
|
Mingxian Cai |
27,720,000 |
|
Jiayong Zhang |
37,800,000 |
|
Zhiqiang Ke |
37,800,000 |
|
Jialin Li |
4,410,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Congling Cai |
|
Position |
Chairman |
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2 |
|
|
Name |
Zongyou Cai |
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Position |
Director |
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3 |
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|
Name |
Mingxian Cai |
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Position |
Director |
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4 |
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|
Name |
Jiayong Zhang |
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Position |
Director |
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5 |
|
|
Name |
Zhiqiang Ke |
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Position |
Director |
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6 |
|
|
Name |
Jialin Li |
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Position |
Supervisor |
Operation
Information
l
The registered activities of subject:
|
Business Code |
Details |
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CB01010 |
Manufacture of machinery |
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CC01010 |
Manufacture of Generation, transmission,
distribution machinery |
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CC01080 |
Manufacture of Electronic Components |
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CC01090 |
Manufacture of batteries |
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E601010 |
Electrical equipment
industry commitment |
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F113010 |
Wholesales of machinery |
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F113110 |
Wholesales of batteries |
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F119010 |
Wholesales of Electronic Materials |
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F213110 |
Retails of batteries |
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F219010 |
Retails of Electronic
Materials |
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F401010 |
International trade |
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IG03010 |
Energy Technical Services |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted |
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
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 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. Liu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.03 |
|
UK Pound |
1 |
Rs.82.34 |
|
Euro |
1 |
Rs.68.99 |
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 |
|
<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.