MIRA INFORM REPORT
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Report Date : |
02.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
ZITAI PRECISION MACHINERY CO., LTD. |
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Registered Office : |
No.172, Hsi Tou Rd., Shengang Dist., Taichung City 429 |
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Country : |
Taiwan |
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Date of Incorporation : |
28.01.1985 |
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Com. Reg. No.: |
56807040 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Design, manufacturing of cold chamber die casting machine
and the ancillary equipment |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 10,000 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
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Off-credit |
D |
Contact
Points
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Company Name: |
Zitai Precision Machinery Co., Ltd. |
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Supplied Name: |
Zitai Precision Machinery Co Ltd. |
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Trading Address: |
No.172, Hsi Tou Rd., Shengang Dist., Taichung City 429, Taiwan (R.O.C.) |
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Supplied Address: |
No. 172 Shi Tu Rd. Shen Kang Hsiang, Taichunn Hsein Taiwan. |
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Telephone Number: |
+886-04-2561-1858 |
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Fax Number: |
+886-04-2561-1862/ 2562-0715 |
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E-mail: |
Notes:
The supplied address is inexact; the exact one is shown as above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
Subject declined
to disclose its staff number; from other source we cannot obtain the relevant
information, either.
History
Subject was incorporated on
Awards
|
Year |
Awards |
|
2010 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2010 |
20,000,000 |
Shareholders
|
Name |
Subscription Shares |
|
Runsong Zhan |
12,000 |
| Zhongwei
Lan |
3,960 |
|
Linheng Gu |
3,960 |
|
Kunyong Guo |
4,920 |
The information
above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Runsong Zhan |
|
Position |
President |
|
2 |
|
|
Name |
Zhongwei Lan |
|
Position |
Director |
|
3 |
|
|
Name |
Linheng Gu |
|
Position |
Director |
|
4 |
|
|
Name |
Kunyong Guo |
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Position |
Executive
Director |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
NO.172, HSI TOU RD., SHENGANG DIST., TAICHUNG CITY 429, TAIWAN (R.O.C.) |
Production
Information
l
The subject has been specializing in producing Cold
Chamber Die Casting Machines, HPDC and High Pressure Die Casting Machines.
Purchase
Information
l
The registered activities of subject:
|
No |
Details |
|
1 |
The manufacturing
processing and sale of business of Qu hand type injection molding machine,
direct pressure injection molding machine, hydraulic casting machine, hot
type full automatic die casting machine all kinds of oil pressure single
machines |
|
2 |
The importing
and exporting business, investment, etc |
l
The components and raw material for production are
mostly purchased from the domestic market.
l
The subject has been specializing in producing Cold
Chamber Die Casting Machines, HPDC and High Pressure Die Casting Machines. The
products are very popular among our customers around the world with its
superior quality
l
In addition to HPDC Machine, the subject also
manufacture Aluminum Casting Machine and Die Casting Machine with good quality
and competitive price
l
The subject mainly sells
the products to the overseas market.
|
NO |
Main Products |
|
1 |
Die Casting Machine |
|
2 |
Gravity Casting Machine |
|
3 |
General Casting |
Import and export
right:
|
Import right |
No |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan)
|
Payment Terms |
Proportion |
|
|
Cold Chamber Die Casting Machines, HPDC and High
Pressure Die Casting Machines, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
The subject does not purchase from the overseas market.
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
|
|
Cold Chamber Die Casting Machines, HPDC and High
Pressure Die Casting Machines, etc |
COD, etc |
Export
|
Sales Terms |
|
|
Cold Chamber Die Casting Machines, HPDC and High
Pressure Die Casting Machines, etc |
L/C, etc |
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 discloses 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 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
UK Pound |
1 |
Rs.78.78 |
|
Euro |
1 |
Rs.67.76 |
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.