MIRA INFORM
REPORT
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Report Date : |
20.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
EHUA CO., LTD. |
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Registered Office : |
12F., No.780, Zhongzheng Rd., Zhonghe Dist., New Taipei City 23586, Taiwan (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
13.11.1993 |
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Com. Reg. No.: |
84600247 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture and sales
of electronic components |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 50,000 |
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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) |
|
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 |
|
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: |
Ehua Co., Ltd. |
|
Registered Address: |
|
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Date of Foundation: |
|
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Registration Number: |
84600247 |
|
Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2011.06, 1 NTD = 0.0346 USD) |
|
Legal Representatives: |
Handun Wang |
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Legal Form: |
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Principal Activities: |
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Staff: |
About 600 employees (group) |
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Listed
at Stock Exchange: |
|
|
Date of
Last Annual Return: |
Notes: Subject’s staff Ms. Huang introduced subject’s staff number as above.
History
Subject was incorporated on
Shareholders
|
Name |
Subscription
Amount |
|
Handun Wang |
9,600,000 |
The
information above is that of subject’s major shareholders.
Subsidiaries & Branches
It is introduced that subject has directly invested factory
and also many coopperative manufacturers in the mainland of China, while the
details are not disclosed.
Personnel Information
Core
Management
|
Name |
Handun
Wang |
|
Position |
Director
|
Personnel
Structure
|
Total
Employees |
About 11 employees (Taiwan) About 600 employees (group) |
Operation Information
Offices
& Factories
|
|
Headquarters
|
|
Add |
|
Production
Information
l
Subject’s
factory in the mainland of China is engaged in manufacture of electronic
components
l
It is
introduced that subject also has cooperative manufacturers in the mainland of
China to deal with production.
l
Subject
supplies OEM service.
Purchase
Information
l
The
registered activities of subject:
|
Business
Code |
Details |
|
-- |
Sales
of computer and computer accessories |
|
-- |
Sales, bidding
service, price quoting, import and export of the relevant products mentioned
above for domestic and overseas market. |
|
-- |
Maintenance of computer
and computer peripheral equipment |
|
-- |
Design
of computer software |
|
F119010 |
Wholesale
of electronic materials |
|
F219010 |
Retail
of electronic materials |
|
F118010 |
Wholesale
of Information software |
|
F218010 |
Retail
of Information software |
|
F113050 |
Wholesale
of Routine equipment |
|
F213030 |
Retails
of Routine equipment |
|
F113070 |
Wholesale
of Telecom equipment |
|
F213060 |
Retail
of Telecom equipment |
|
I301010 |
Information
software services |
|
I301020 |
Data
processing services |
|
I301030 |
Electronic
information supplying services |
|
CB01020 |
Manufacture
of Business equipment |
|
CC01080 |
Manufacture
of Electronic components |
|
CC01050 |
Manufacture
of Data storage and processing equipment |
|
CC01060 |
Manufacture
of Cable communication equipment |
|
CC01070 |
Manufacture
of Wireless communication equipment |
l
Subject
purchases both at home and abroad.
l
The
subject is mainly engaged in sales of electronic components including PC Board,
wire rod
and transformers, etc
l
Subject’s
products are both sold in domestic and overseas market and it is introduced
that subject mainly exports to Europe and America and it also has sales
business with the customers in the mainland of China.
Import
and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment
Terms |
Proportion |
|
|
Raw
materials |
CBD,
COD, etc |
100% |
Foreign Purchase
|
Payment
Terms |
Proportion |
|
|
Raw
materials |
CBD,
etc |
100% |
Sales
Domestic Markets
|
Sales
Terms |
Proportion |
|
|
Electronic
components |
CBD,
etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Electronic
components |
CBD,
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. Huang 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 its bank details; from
other source we can not obtain the relevant information, either.
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. Huang |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
UK Pound |
1 |
Rs.72.43 |
|
Euro |
1 |
Rs.63.62 |
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 |
|
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 |
|
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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.