MIRA
INFORM REPORT
|
Report Date : |
26.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
YA SIH TECHNOLOGY CO., LTD. |
|
|
|
|
Registered Office : |
No.31, Aly. 2, Ln. 19, Xinxing St., Shulin Dist., New Taipei City 238 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
05.03.2002 |
|
|
|
|
Com. Reg. No.: |
13037233 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture and sales of electronic wire processing machines, etc |
|
|
|
|
No. of Employees : |
About 20 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 40,000 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
|
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. 209-23, Sec 1, Gan Yuan St., Shu-Lin
Dist., New Taipei City, Taiwan |
|
Supplied Address: |
No. 209-23, Sec 1, Gan Yuan St., Shu-Lin
Dist., New Taipei City |
|
Telephone Number: |
|
|
Fax Number: |
|
|
E-mail: |
Notes: Subject’s exact name and address are as above.
Credit Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company Identification Details
History
Subject was incorporated on
Shareholders
|
Name |
Subscription Amount |
|
Chuansheng Lai |
3,300,000 |
The information
above is that of subject’s major shareholders.
Subsidiaries & Branches
Personnel Information
Core
Management
Director
|
1 |
|
|
Name |
Chuansheng Lai |
|
Position |
Director &
Manager |
|
Date of
Appointment |
|
|
2 |
|
|
Name |
Chengwei Hong |
|
Position |
Manager |
|
Date of
Appointment |
|
Personnel
Structure
|
Total Employees |
About 20 employees |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No. 209-23, Sec 1, Gan Yuan St., Shu-Lin Dist., New Taipei City, Taiwan |
Production
Information
l
Subject is a manufacturer of electric wire
and cable processing machines.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Manufacture of mechanical equipment |
|
CC01010 |
Manufacture of Power machinery, Transmission
machinery And Distribution machinery |
|
E603050 |
Automatic controlling equipment Project Industry |
|
E604010 |
Installation of machinery |
|
F113010 |
Wholesales of machinery |
|
F401010 |
International Trading Business |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
It is introduced subject purchases raw materials
mainly from Taiwan.
l
The subject is mainly engaged in sales of electric wire
and cable processing machines such as
coiling machine, wrapping machine, cutting machine,
crossing winder, spooling machine, pairing machine,
accumulator, etc
l
Subject has its own brand named YA SIH
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject exports to other South East
Asian Countries and also Central Asia, Middle East and America, etc
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials, etc |
COD, etc |
100% |
Foreign Purchase
Subject has little import
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Machinery |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Machinery |
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 Mr. Chen declined to disclose subject’s
financials citing the grounds of company’s confidentiality; from other source
we can not obtain the relevant information, either.
Bankers
Mr. Chen did not introduce subject’s bankers stating that he will release
the information if there is further cooperation, thus we can not confirm the
following bankers you supplied:
Mega International Commercial Bankco Ltd. Tu Cheng Branch No. 276, Sec. 2,
Chung-Yang Road, Tu-Cheng Dist., New Taipei City, Taiwan
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 |
Mr. Chen |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.72 |
|
|
1 |
Rs.82.70 |
|
Euro |
1 |
Rs.68.90 |
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.