MIRA
INFORM REPORT
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Report Date : |
15.07.2011 |
IDENTIFICATION DETAILS
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Name : |
SHENG YEONG MAO Y1H CO LTD |
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Registered Office : |
1F., No.155, Sec. 5, Sansing Rd., Sansing Township, Yilan County 266, Taiwan (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
02.09.2003 |
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Com. Reg. No.: |
80475231 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale of the fertilizer, flowers and so on. |
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 10,000 |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
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Registered Name: |
Sheng Yeong Mao Yih Co.,
ltd. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
80475231 |
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Registry: |
MOEA Central
Office |
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Registered Capital: |
(As of 2011.07, 1 NTD =
0.03401 USD) |
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Legal Representatives: |
Mingqing Shen |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
History
Subject was incorporated on
Shareholders
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Name |
Subscription
Amount |
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Mingqing Shen |
5,000,000 |
Subsidiaries & Branches
There are some branches of the subject in Yilan.
Personnel Information
Core
Management
Directors
|
Name |
Mingqing Shen |
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Position |
Director |
Personnel
Structure
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Total Employees |
About 40 Employees |
Operation Information
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject is a trader of the fertilizer, willow and
so on.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F101081 |
Wholesale of seedlings |
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F101100 |
Wholesale of flowers |
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F102070 |
Wholesale of Canned Food |
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F104990 |
Wholesale of Other cloth, clothing, clothing accessories (Artificial) |
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F106010 |
Wholesale of hardware |
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F107041 |
Wholesale of pesticide |
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F107050 |
Wholesale of fertilizers |
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F113010 |
Wholesale of machinery |
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F201010 |
Retail of agricultural |
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F206010 |
Retail of hardware |
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F207041 |
Retail of pesticide |
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F207050 |
Retail of agricultural |
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F401010 |
International trade |
l
The components and raw material for production are
mostly purchased from local market.
l
Subject is mainly involved in wholesaling the
agricultural chemical, fertilizer, and Cattail willow, and so on.
l
Subject’s selling territory is all over the world,
but the main selling territory is South & East Asia.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan)
|
Payment Terms |
Proportion |
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Agricultural
chemical, fertilizer, and Cattail Willow. |
CDB, etc. |
100% |
Foreign Purchase
Subject never purchases from abroad.
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
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Agricultural
chemical, fertilizer, and Cattail Willow. |
CDB, etc. |
100% |
Export
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Sales Terms |
Proportion |
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Agricultural
chemical, fertilizer, and Cattail Willow. |
T.T in advance,
L/C, 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 Shen declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Bankers
Subject declined to disclose any information on Bankers, and it also
didn’t confirm any information on supplied Bank (Mega International Commercial
Bank Co Yilan Couhty 26048 Swift Code: Icbctwtp062).
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 Shen |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.53 |
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|
1 |
Rs.71.80 |
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Euro |
1 |
Rs.63.15 |
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 |
-- |
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.