MIRA INFORM REPORT
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Report Date : |
24.05.2011 |
IDENTIFICATION DETAILS
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Name : |
CHYAN FENG TOOLING INDUSTRIAL CO., LTD. |
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Registered Office : |
No.51, Lane 50, Jioulong Sec., Jhongsing Rd., Longtan Township, Taoyuan County 32548, Taiwan, R.O.C |
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Country : |
Taiwan |
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Date of Incorporation : |
18.07.1994 |
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Com. Reg. No.: |
89207285 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Export of automobile sheet metal mold |
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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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 |
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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
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.51, Lane 50, Jioulong Sec., Jhongsing Rd., Longtan Township, Taoyuan
County 32548, Taiwan, R.O.C. |
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Supplied Address: |
No. 51-1 Lane 50, Jioulong Sec, Jhongsing
Rd., Longtan Township Tadyuan County 325, Taiwan |
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Telephone Number: |
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Fax Number: |
+886-3-4995680 |
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E-mail: |
Credit
Summary
|
Credit Opinion: |
Company
Identification Details
|
Chyan Feng Tooling
Industrial Co., Ltd. |
|
|
Registered Address: |
No.51, Lane 50, Jioulong Sec., Jhongsing Rd., Longtan Township, Taoyuan
County 32548, Taiwan, R.O.C. |
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Date of Foundation: |
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Registration Number: |
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Registry: |
MOEA Central Office |
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Registered Capital: |
NTD 200,000,000 (USD
6,920,000) (As of 2011.05, 1 NTD = 0.0346 USD) |
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Paid-up Capital: |
NTD 200,000,000 (USD 6,920,000) |
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Legal Representatives: |
Dafeng Ke |
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Legal Form: |
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Principal Activities: |
Export of automobile sheet metal mold |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
History
|
Year |
Events |
|
1994 |
Chyanfeng Tooling Industrial Co., Ltd founded |
|
1998 |
ISO 9002: 1994 Certified |
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2003 |
ISO 9001: 2000 Certified: |
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2005 |
21,500 square meters of land was accquired for the construction of
16,500 square metes new plant located in Longtan. |
|
2006 |
Construction of new Longtan plant completed. Headquarter
was shifted to new plant. |
Subject was incorporated on
Awards
|
Year |
Awards |
|
2008 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2009 |
15,000,000 |
Shareholders
|
Name |
Subscription Shares |
|
Dafeng Ke |
4,250,000 |
|
Minghuang Jiang |
|
|
3,690,000 |
|
|
Mingzong Yang |
3,050,000 |
|
Lishan Ke |
1,600,000 |
Notes: The information above is that of subject’s
major shareholders.
Subsidiaries &
Branches
Related Companies
|
Name |
Nanjing Qiaofeng
Automobile Parts Technical and R&D Co., Ltd. |
Personnel
Information
Core
Management
|
Name |
Dafeng Ke |
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Position |
Board Chairman |
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2 |
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Name |
Minghuang Jiang |
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Position |
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3 |
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Name |
Mingzong Yang |
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Position |
Director |
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4 |
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|
Name |
Mingxuan Han |
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Position |
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5 |
|
|
Name |
Lishan Ke |
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Position |
Auditor |
Personnel
Structure
|
Total Employees |
More than 20 Employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.51, Lane 50, Jioulong Sec., Jhongsing Rd., Longtan Township, Taoyuan
County 32548, Taiwan, R.O.C. |
Production
Information
l
Subject is a trader of automobile sheet metal mold without any production activities.
Purchase
Information
l
The registered
activities of subject:
|
Business Code |
Details |
|
1 |
Manufacturing and development of mold |
|
2 |
Design and draft of mold |
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3 |
Manufacturing and design of fixture |
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4 |
Manufacturing, processing and trade of automobile sheet metal mold |
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5 |
Import and export business of mentioned products |
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6 |
Agent of quoted price and bidding of mentioned
related products for the factory both from the domestic and aboard. |
l
The subject purchases raw materials from the
mainland of China.
l
The subject is mainly engaged in sales of automobile sheet metal mold.
l
The subject sells products in the mainland of
China, Taiwan, India, Japan, South East Asia and North America.
l
The clients are including Cherry, JMC, Nissan,
Mazda and Ford etc.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
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Raw materials |
Foreign Purchase
The subject doesn’t purchase from foreign markets.
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
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CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Automobile sheet metal
mold |
CBD, etc |
100% |
Financial
Information
|
Year |
Sales |
|
2010 |
About 6,000,000 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. Yang |
|
Position: |
Manager |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.28 |
|
UK Pound |
1 |
Rs.73.30 |
|
Euro |
1 |
Rs.63.61 |
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.