MIRA INFORM REPORT
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Report Date : |
12.05.2011 |
IDENTIFICATION DETAILS
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Name : |
NANYANG PLASTICS CO., LTD. |
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Registered Office : |
No.524, Sec.2, Jhongjheng Rd., Hunei Dist., Kaohsiung City
829 |
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Country : |
Taiwan |
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Date of Incorporation : |
15.11.2006 |
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Com. Reg. No.: |
28520571 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Sales of Plastics products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 40,000 |
|
Status : |
Satisfactory |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
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: The exact name and address are as above.
Credit
Summary
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Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
Nanyang Plastics Co., Ltd. |
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Registered Address: |
No.524, Sec.2, Jhongjheng Rd., Hunei Dist., Kaohsiung City 829, Taiwan
(R.O.C.) |
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Date of Foundation: |
|
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Registration Number: |
28520571 |
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Registry: |
Economic Development Bureau of Kaohsiung City Government |
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Registered Capital: |
(As of 2011.05, 1 NTD = 0.0351 USD) |
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Paid-up Capital: |
NTD 3,000,000 (USD 105,300) |
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Legal Representatives: |
Jianbin Liu |
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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
|
Name |
Subscription Shares |
|
Jianbin Liu |
750 |
| Tainan
Liu |
750 |
|
Weili Liu |
750 |
|
Guixiang Liuzhou |
750 |
Notes: The information above is that of subject’s
major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Jianbin Liu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Tainan Liu |
|
Position |
Director |
|
3 |
|
|
Name |
Weili Liu |
|
Position |
Director |
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4 |
|
|
Name |
Guixiang Liuzhou |
|
Position |
Auditor |
Personnel
Structure
|
Total Employees |
More than 9 Employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.524, Sec.2, Jhongjheng Rd., Hunei Dist., Kaohsiung City 829, Taiwan
(R.O.C.) |
Production
Information
l
Subject manufactures plastics products.
l
The subject manufactures in Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International Trade |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
l
The components and raw material for production are
mostly purchased from domestic markets.
Sales
Information
l
The subject is mainly engaged in plastics products.
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 |
|
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Raw material |
COD, etc |
100% |
Foreign Purchase
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Plastics products |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Plastics products |
CBD, etc |
100% |
Financial
Information
|
Year |
Sales |
|
2010 |
About 5,000,000 NTD |
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. Jianbin Liu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.69 |
|
UK Pound |
1 |
Rs.73.12 |
|
Euro |
1 |
Rs.64.39 |
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 |
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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 |
|
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 |
|
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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.