MIRA INFORM REPORT
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Report Date : |
31.12.2011 |
IDENTIFICATION DETAILS
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Name : |
CHIA YU ENTERPRISE LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
02.07.1999 |
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Com. Reg. No.: |
16952362 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture and trade of liquid nitrogen frozen deflashing
machines |
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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 20,000 |
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Status : |
Small Company |
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Payment
Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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. 15-1, Ma-Yu Rd., San-Cia Dist., New Taipei City 237, Taiwan |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes:
The supplied address is incomplete, and the exact address is as above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
Chia Yu Enterprise Ltd. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
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Registry: |
New Taipei City Government |
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Registered Capital: |
NTD 1,000,000 (USD
32,850.6) (As of 2011.05, 1 NTD = 0.03285 USD) |
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Legal Representatives: |
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Legal Form: |
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Principal Activities: |
Manufacture and trade
of liquid nitrogen frozen deflashing machines |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
Note:
The staff number is not available from the subject or other sources.
History
Subject was incorporated
on
Shareholders
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Name |
Subscription
Amount |
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300,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
Name |
Xuegong Weichen |
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Position |
Director |
Operation
Information
Offices
& Factories
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Headquarters |
|
Add |
No. 15-1, Ma-Yu Rd., San-Cia Dist., New Taipei City 237, Taiwan |
l
Subject is a manufacturer of liquid nitrogen frozen deflashing machines
with the production activities
Purchase
Information
l
The registered activities of subject:
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Business Code |
Details |
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C804020 |
Manufacture of the rubber products industrial
used. |
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CB01010 |
Manufacture of the mechanical device |
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F113010 |
Wholesale of machinery |
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The components and raw material for production are
mainly purchased from local Taiwan.
l
The subject is mainly engaged in manufacturing and
trading of liquid
nitrogen frozen deflashing machines.
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Subject introduced that the machine is applied for
products of rubber, die cast, plastic, magnesium alloy, zinc alloy and aluminum
alloy, etc.
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Subject introduced that subject also works the
deflashing process for customer's needs.
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Subject’s selling territory covers many countries,
such as Singapore, China, and so on.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Subject declined
to disclose the settlements information, and from other sources, we couldn’t obtain
the information, either.
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. Chan declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Bankers
|
Name |
Hua Nan Commercial Bank Ltd., Shu Lin Branch |
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. Chan |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.27 |
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UK Pound |
1 |
Rs.82.09 |
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Euro |
1 |
Rs.68.90 |
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 |
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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 |
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<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.