MIRA
INFORM REPORT
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Report Date : |
30.12.2011 |
IDENTIFICATION DETAILS
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Name : |
SHINE WELL MACHINERY CO., LTD. |
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Registered Office : |
No.51, Kai An Rd., An Nan Dist., Tainan |
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Country : |
Taiwan |
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Date of Incorporation : |
20.06.1984 |
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Com. Reg. No.: |
69841393 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trading of plastic injection molding machine, etc. |
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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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Maximum Credit Limit : |
USD 30,000 |
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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 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
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Company Name: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
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Telephone Number: |
+886-6-2460081 |
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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: |
Company Identification Details
History
Subject was incorporated on 1984-6-20 with registered
number 69841393 as Joint Stock Company in Taiwan.
Shareholders
|
Name |
Subscription Shares |
|
Zhengnan Long |
53,300 |
|
Guoren Long |
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15,600 |
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Yuezhu Wu |
32,500 |
|
Weiji Long |
14,300 |
The information
above is that of subject’s major shareholders.
Personnel Information
Core
Management
|
1 |
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|
Name |
Zhengnan Long |
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Position |
Chairman |
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2 |
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Name |
Guoren Long |
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Position |
Director |
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3 |
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Name |
Yuezhu Wu |
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Position |
Director |
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4 |
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Name |
Weiji Long |
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Position |
Supervisor |
Operation Information
Offices
& Factories
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|
Headquarters |
|
Add |
Production
Information
l
Subject manufactures plastic injection molding machine, etc.
l
Subject has factory in Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Manufacture of machinery |
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CD01030 |
Manufacture of Motor Vehicles and Parts |
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CD01040 |
Manufacture of Locomotives and parts |
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CB01990 |
Manufacture of other machines |
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F401010 |
International trade |
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F113010 |
Wholesales of machinery |
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F113990 |
Wholesales of other Mechanical appliances |
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F213080 |
Retails of machinery |
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F213990 |
Retails of other Mechanical appliances |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted |
Besides licensed business, all other business items those are not banned
or restricted.
l
The components and raw material for production are
purchased from domestic.
l
The subject is mainly engaged in sales of plastic injection molding machine, etc.
l
Subject has both domestic and foreign markets.
l
Subject exports to Asian, South America, Middle
East, Africa, etc.
l
The subject has a major
proportion for export.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Components and raw material |
COD, CBD, etc. |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Components and raw material |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Plastic
injection molding machine, etc. |
CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
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Plastic
injection molding machine, etc. |
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. Zheng 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. Zheng |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.36 |
|
|
1 |
Rs.82.51 |
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Euro |
1 |
Rs.68.99 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
|
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 |
-- |
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.