MIRA INFORM REPORT
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Report Date : |
25.07.2011 |
IDENTIFICATION DETAILS
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Name : |
NEW FORM-TECH ENTERPRISE CO., LTD. |
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Formerly Known As : |
Lian Yean Enterprise Co., Ltd. |
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Registered Office : |
No.24, Alley 49, Lane 118, Sec.2, Shuang Lian, Min Tsu
Rd.,Pingjen City, Taoyuan |
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Country : |
Taiwan |
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Date of Incorporation : |
10.08.1992 |
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Com. Reg. No.: |
86821646 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture and wholesale of mold with some production activities |
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 : |
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) |
|
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
Note:
The exact address
is as above.
Credit
Summary
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Credit Rating: |
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|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
New Form-Tech
Enterprise Co., Ltd. |
|
Registered
Address: |
No.24, Alley 49,
Lane 118, Sec.2, Shuang Lian, Min Tsu Rd.,Pingjen City,Taoyuan,Taiwan,Roc |
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Date of
Foundation: |
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Registration
Number: |
86821646 |
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Registry: |
Department of
Commerce, Ministry of Economic Affairs, R.O.C. |
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Registered
Capital: |
(As of 2011.07, 1
NTD = 0.03469 USD) |
|
Legal Representatives: |
Jiesheng Bao |
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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: |
The staff number is not available from the
subject or other sources.
History
Subject was incorporated on
Change of Name
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Former Chinese Name |
蓮燁企業有限公司 |
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Current Chinese Name |
和豐泰企業有限公司 |
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Former English Name |
Lian Yean Enterprise Co., Ltd. |
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Current English Name |
New Form-Tech
Enterprise Co., Ltd. |
Shareholders
|
Name |
Subscription
Amount |
|
Jiesheng Bao |
11,000,000 |
The information above is that of subject’s major
shareholders.
Subsidiaries &
Branches
Subsidiaries Companies
Subject
introduced that they has a subsidiary company in Mainland of China, but didn’t
disclose the location of it.
Personnel
Information
Core Management
|
Name |
Jiesheng Bao |
|
Position |
Director |
Operation
Information
Offices & Factories
|
|
Headquarters
|
|
Add |
No.11-1 Beigao
Shanding Yangmei Town, Taoyuan Hsien, 326 Taiwan, R O C |
l
Subject
is a manufacturer of mold with some production activities
Purchase Information
l
The
registered activities of subject:
|
Business Code |
Details
|
|
１ |
Metal, machinery and parts, automobile parts,
motor manufacturing and processing trading. |
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CA02040 |
Spring Manufacturing |
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CQ01010 |
Mold Manufacturing |
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4 |
Above on the product import and export business. |
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5 |
Agent before the relevant domestic and foreign
manufacturers of products and marketing tender offer |
l
The
components and raw material for production are purchased from both local China
and abroad.
l
Subject
is mainly involved in wholesaling and retailing of various kinds of
wire-related making machinery, spring forming machine, spring coiling machine
and wire bending machine, and so on.
l
According
to the introduction of the subject, the main selling territory is Taiwan,
Mainland of China, America, Canada, Europe and Middle East.
Import and export right:
|
Import
right |
Yes |
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Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase (Taiwan and Mainland, China)
|
Payment
Terms |
Proportion |
|
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Raw Material |
COB,
etc. |
100% |
Foreign
Purchase
|
Payment
Terms |
Proportion |
|
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Raw Material |
T.T in
advanced, L/C, etc. |
100% |
Sales
Domestic
Markets (Taiwan)
|
Sales
Terms |
Proportion |
|
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Mold |
COB,
etc. |
100% |
Export
|
Sales
Terms |
Proportion |
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Mold |
T.T in
advanced, 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 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 we couldn’t obtain it from other
sources.
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. Bao |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
UK Pound |
1 |
Rs.72.34 |
|
Euro |
1 |
Rs.63.87 |
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 |
|
<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.