MIRA
INFORM REPORT
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Report Date : |
31.12.2011 |
IDENTIFICATION DETAILS
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Name : |
HUANG JU INDUSTRIAL CO., LTD. |
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Registered Office : |
No.36, Lane 617, Chang Shan Rd., Fu An Vill., Hsiu Shui Hsiang, Chung Hua Hsien |
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Country : |
Taiwan |
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Date of Incorporation : |
01.11.1988 |
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Com. Reg. No.: |
23086388 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture and trade of rubber and oil seal cutting, testing and trimming machines and the related products. |
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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 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 |
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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
Notes:
The exact name is as above.
The supplied address is the factory address of subject, and the exact
trading address is as above.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
The staff number
is not available from the subject or other sources.
History
Subject was incorporated on
Shareholders
|
Name |
Subscription
Amount |
|
Xiangfu Lin |
1,500,000 |
| Yuanhuang
Zhou |
500,000 |
|
Guannian Zhou |
500,000 |
The information
above is that of subject’s major shareholders.
Subsidiaries & Branches
Factory
|
Address |
No.64-33, Shioujhong St., Tzeng Tsuo Village,
Sioushuei Township, Chunghua County 504, Taiwan, R.O.C. |
Personnel Information
Core
Management
Directors
|
1 |
|
|
Name |
Xiangfu Lin |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Yuanhuang Zhou |
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Position |
Director |
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3 |
|
|
Name |
Guannian Zhou |
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Position |
Director |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.36, Lane 617,
Chang Shan Rd., Fu An Village, Hsiu Shui Hsiang 504, Chung Hua Hslen Taiwan,
R.O.C. |
Production
Information
l
Subject is a manufacturer of rubber and oil seal
cutting, testing and trimming machines and the related products with the
production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Trade and
process of the components and raw material hardware and machinery. |
|
2 |
Import and
export of the products above. |
l
The components and raw material for production are
purchased from both local Taiwan and abroad.
l
The subject is mainly engaged in manufacturing and
trading of rubber and oil seal cutting, testing and trimming machines and the
related products.
l
Major
products sold as following:
|
|
Product |
|
1 |
Trimming Machine
Series |
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2 |
Cutting Machine
Series |
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3 |
Grinding Machine
Series |
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4 |
Iron Case
Processing Machine |
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5 |
Grease Filling
Machine Series |
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6 |
Spring Loading
Machine Series |
|
7 |
Testing Machine
Series |
l
Subject introduced that many rubber companies such
as SKF, FDS, PAKER, HALUTE, SEA, GARLOCK, BOUSH, NOK(Japan), KEEPER(Japan),
ARIS(Japan), P&K(China), SHERCON(China), FENNER(India), KOK(Taiwan),
NAK(Taiwan), FOS(Taiwan), and so on, are all their customers.
l
Subject’s selling territory covers many countries,
such as Japan, India, Singapore and so on.
Import and export
right:
|
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 Ms. Zhou 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, Chang Hua 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 |
Ms. Zhou |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.26 |
|
|
1 |
Rs.82.10 |
|
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 |
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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 |
|
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 |
|
-- |
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.