MIRA INFORM REPORT
|
Report Date : |
11.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
YO DEN ENTERPRISES CO., LTD. |
|
|
|
|
Registered Office : |
7F-2,390, Peitun Road, Peitun Taichung |
|
|
|
|
Country : |
Taiwan |
|
|
|
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Date of Incorporation : |
01.04.1994 |
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|
|
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Com. Reg. No.: |
84819552 |
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|
|
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Legal Form : |
Joint Stock Company |
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|
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Line of Business : |
Manufacturing and export of slitting & rewinding
machine |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 40,000 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Contact Points
|
Company Name: |
|
|
Supplied Name: |
Yo Den Enterprises Co Ltd. |
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Trading Address: |
|
|
Supplied Address: |
12-5, 31st Rd., Taichung Industrial Park,
Taichung, Taiwan |
|
Telephone Number: |
+886-4-23502208 |
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Fax Number: |
+886-4-23580879 |
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E-mail: |
Credit Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company Identification Details
|
Registered Name: |
Yo Den Enterprises Co., Ltd. |
|
Registered
Address: |
|
|
Date of
Foundation: |
|
|
Registration
Number: |
|
|
Registry: |
MOEA Central Office |
|
Registered
Capital: |
NTD 25,000,000 (USD 877,500) (As of 2011.05, 1 NTD = 0.0351 USD) |
|
Paid-up Capital: |
NTD 25,000,000 (USD 877,500) |
|
Legal
Representatives: |
Xuli Zeng |
|
Legal Form: |
|
|
Principal
Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
History
Subject was incorporated on
Shareholders
|
Name |
Subscription
Shares |
|
Xuli
Zeng |
8,500 |
| Zhenyu Luo |
8,500 |
|
Lijie
Chen |
2,750 |
|
Minyi
Zhang |
4,250 |
Subsidiaries
& Branches
Personnel Information
Core Management
|
Name |
Xuli Zeng |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Zhenyu Luo |
|
Position |
|
|
3 |
|
|
Name |
Lijie Chen |
|
Position |
Director |
|
4 |
|
|
Name |
Minyi Zhang |
|
Position |
Auditor |
Personnel Structure
|
Total Employees |
About
25 Employees |
Operation Information
Offices & Factories
|
|
Headquarters
|
|
Add |
Production Information
l
Yo Den
has been specialized in manufacturing slitting & rewinding machine.
l
The
products are including Dry Laminating Machine, Solventless Laminating Machine, Seaming
Machine, Rotogravure Printing Machine, Slitting Machine, Re-Reeling, Doctor
Machine, Proofing Machine, Rotogravure Printing Press, Dry Lamination Machine,
etc.
Purchase Information
l
The
registered activities of subject:
|
Business Code |
Details
|
|
1 |
Trade of switch of automatic controlling electromagnetic electric (al) motor |
|
2 |
Trade
of switch of automatic controlling electromagnetic machine |
|
5 |
Trade
of household
electrical appliances |
l
The
components and raw material for production are mostly purchased from the
domestic markets.
l
We
provide a choice of Slitter for different needs in respective industry such as
Film producer, Flexible packaging converter and electronic field.
l
Yo Den
by way of development for producing the Slitter machine as German made.
l
The
subject sells products around the world.
Import and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase (Taiwan and Mainland, China)
|
Payment
Terms |
Proportion |
|
|
Raw material |
COD,
etc |
100% |
Foreign
Purchase
Sales
Domestic
Markets (Taiwan)
|
Sales
Terms |
Proportion |
|
|
slitting
& rewinding machine |
CBD,
etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
slitting
& rewinding machine |
CBD,
etc |
100% |
Financial Information
|
Year |
Sales |
|
2010 |
About
50,000,000 NTD |
Notes: The information was from introduction of the
subject.
Bankers
|
Name |
Taiwan
Bank |
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. Zeng |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.73 |
|
UK Pound |
1 |
Rs.73.21 |
|
Euro |
1 |
Rs.63.90 |
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 |
|
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.