MIRA INFORM REPORT
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Report Date : |
23.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
FUKAHAMA MACHINERY CO., LTD. |
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Registered Office : |
No.43, Lane 73, Rong Shing Rd., Dah An Vill., Ba Der, Taoyuan Hsien, Taiwan, R.O.C |
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Country : |
Taiwan |
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Date of Incorporation : |
15.02.1988 |
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Com. Reg. No.: |
22782133 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of
knitting machines |
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 |
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Maximum Credit Limit : |
USD 60,000 |
|
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 – 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
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Off-credit |
D |
Contact Points
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.43, Lane 73, Rong Shing Rd., Dah An Vill., Ba Der, Taoyuan Hsien,
Taiwan, R.O.C. |
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Supplied Address: |
No. 43, Lane 73 Rongshing Road Dah An Village Ba Der Taoyuan Hsien
(33463), Taiwan |
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Telephone Number: |
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Fax Number: |
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E-mail: |
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
|
Registered Name: |
Fukahama Machinery
Co., Ltd. |
|
Registered
Address: |
No.43, Lane 73,
Rong Shing Rd., Dah An Vill., Ba Der, Taoyuan Hsien, Taiwan, R.O.C. |
|
Date of
Foundation: |
|
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Registration
Number: |
22782133 |
|
Registry: |
MOEA Central
Office |
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Registered Capital: |
(As of 2011.05, 1
NTD = 0.035 USD) |
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Paid-up Capital: |
NTD 21,000,000
(USD 735,000) |
|
Legal
Representatives: |
Xihuan Zhang |
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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 |
|
Xihuan
Zhang |
3,500 |
|
Zhengsong Lai |
|
|
3,500 |
|
|
Chenghao
Chen |
3,500 |
|
Tianci
Yang |
3,500 |
The information above is that of subject’s major shareholders.
Subsidiaries
& Branches
Personnel Information
Core Management
|
1 |
|
|
Name |
Xihuan Zhang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Zhengsong Lai |
|
Position |
Director |
|
3 |
|
|
Name |
Chenghao Chen |
|
Position |
Director |
|
4 |
|
|
Name |
Tianci Yang |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About
50 employees |
Operation Information
Offices & Factories
|
|
Headquarters
|
|
Add |
No.43, Lane 73,
Rong Shing Rd., Dah An Vill., Ba Der, Taoyuan Hsien, Taiwan, R.O.C. |
l
Subject
is engaged in manufacture of knitting machines.
Purchase Information
l
The
registered activities of subject:
|
1 |
Manufacture,
processing and sales of knitting machines, automobile
parts, food machinery, handling machinery and
relevant components. |
|
2 |
Import
and export trading business of the above mentioned items |
|
3 |
Machinery
installation project. |
l
Subject’s
purchases machine components mainly from Taiwan, and it is introduced that
subject also imports specific components from Japan and Germany.
l
The subject is engaged in sales of knitting machines
such as circular weaving machines, etc.
l
Subject has its brand named “Fukahama”
l
Subject’s
products are both sold in domestic and overseas market and subject sells its
products mainly through overseas agents.
Import and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase
|
Payment
Terms |
Proportion |
|
|
Components,
etc |
COD,
CBD, etc |
100% |
Foreign
Purchase
|
Payment
Terms |
Proportion |
|
|
Components,
etc |
CBD,
etc |
100% |
Sales
Domestic
Markets
|
Sales
Terms |
Proportion |
|
|
Knitting
machines |
CBD,
etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Knitting
machines |
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. Zhang 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 did not
introduce 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. Zhang |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
UK Pound |
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.34 |
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 |
|
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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.