MIRA INFORM REPORT
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Report Date : |
14.06.2011 |
IDENTIFICATION DETAILS
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Name : |
PROWELL PRECISION INC. |
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Registered Office : |
1F., No.52, Aly. 23, Ln. 240, Changde Rd., Nanzi Dist.,
Kaohsiung City 811 |
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Country : |
Taiwan |
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Date of Incorporation : |
25.09.2009 |
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Com. Reg. No.: |
29028533 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Sales of machine screws, etc |
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 : |
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 – 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
Notes: Subject’s exact name and address are 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: |
Prowell Precision Inc. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
29028533 |
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Registry: |
Economic Development Bureau, Kaohsiung City. |
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Registered Capital: |
(As of 2011.06, 1 NTD = 0.035 USD) |
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Legal Representatives: |
Baowen Lin |
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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: |
Notes: Subject declined to disclose its staff
number; from other source we can not obtain the relevant information, either.
History
Subject was incorporated on
Shareholders
|
Name |
Subscription Amount |
|
Baowen Lin |
250,000 |
The information
above is that of subject’s major shareholder.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
Name |
Baowen Lin |
|
Position |
Director |
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 machines screws and other
related products without any production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F106010 |
Wholesales of hardware |
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F401010 |
International Trading Business |
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I103060 |
Management Consultancy Services |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases both at home and board from
hardware manufacturers.
l
The subject is mainly engaged in sales of machine
screws and other related products.
l
It is introduced that subject’s products are
mainly sold to Taiwan.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Machines screws and other related products |
COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Machines screws and other related products |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Machines screws and other related products |
COD, CBD, etc |
100% |
Export
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 confirm the supplied banker information:
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
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.87 |
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UK Pound |
1 |
Rs.72.83 |
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Euro |
1 |
Rs.64.37 |
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.