MIRA INFORM REPORT
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Report Date : |
08.11.2011 |
IDENTIFICATION DETAILS
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Name : |
CARBIDE INTERNATIONAL CO., LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
14.04.1995 |
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Com. Reg. No.: |
89380496 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales
of Metal Cutting Tool for PCB |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 100,000 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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: |
Carbide International Co., Ltd. |
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Trading Address: |
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Supplied Address: |
No 1200, Sec 3 Fuguo Rd., Luzhu Shaing, Taoyuan 338, Taiwan (R O C) |
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Telephone Number: |
+886-3-2129696 |
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Fax Number: |
+886-3-2129030 |
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
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Registered Name: |
Carbide International Co., Ltd |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
89380496 |
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Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
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Registered Capital: |
NTD 600,000,000 (USD 19,920,000) (As of 2011.11, 1 NTD = 0.0332 USD) |
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Paid-up Capital: |
NTD 600,000,000 (USD 19,920,000) |
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Legal Representatives: |
Jiali Tao |
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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
Change of Name
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Former Chinese Name |
創國精密有限公司 (Precision Co., creating the country) |
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Current Chinese Name |
創國精密股份有限公司 (China Precision Co., Ltd. created) |
Awards
|
Year |
Awards |
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2008 |
Blue chip
importer and exporter |
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2009 |
Blue chip
importer and exporter |
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2010 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
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2008 |
19,000,000 |
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2009 |
15,000,000 |
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2010 |
20,000,000 |
Shareholders
|
Name |
Subscription Shares |
|
Jiali Tao |
12,950,000 |
| Huangzheng
Zheng |
12,750,000 |
|
Qingqing Zheng |
1,500,000 |
|
Jiaying Tao |
675,000 |
The information
above is that of subject’s major shareholders.
Subsidiaries &
Branches
Taiwan Factory
|
Address: |
2F., No.1200, Sec.3, Fu Kuo Rd., Loochu, Taoyuan, Taiwan, R.O.C. |
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Tel: |
+886-3-2129696 |
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Fax: |
+886-3-3529930 |
It is introduced
that subejct has factories in the mainland of China, Malaysia, while the
details are not disclosed.
Personnel
Information
Core
Management
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1 |
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Name |
Jiali Tao |
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Position |
Board Chairman |
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2 |
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Name |
Huangzheng Zheng
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Position |
Director |
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3 |
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Name |
Qingqing Zheng |
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Position |
Director |
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4 |
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Name |
Jiaying Tao |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 300 employees (estimated) |
Operation
Information
Offices
& Factories
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|
Headquarters |
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Add |
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Production
Information
l
Subject is a manufacturer of metal cutting tools
for PCB and BGA
l
Subject has factories in Taiwan, the mainland of
China and Malaysia to deal with the production.
Purchase
Information
l
The registered activities of subject:
|
1 |
Manufacture, processing and sales of metal
cutting tools |
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2 |
Design, manufacture and sales of machine tool |
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3 |
Import and trading business of the above
mentioned products |
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4 |
Bidding service, price quoting and marketing
business for domestic and overseas market. |
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5 |
Drilling of computer |
l
Subject purchases raw materials both at home and
abroad.
l
The subject is mainly engaged in sales of metal
cutting tools for PCB and BGA including PCB Drill, PCB Router and Grinding
machine, etc
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject’s sales regions cover USA,
Canada, Japan, South Korea, Hong Kong, the mainland of China, South East Asia and
Europe, etc
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
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Payment Terms |
Proportion |
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Raw materials, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Raw materials, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Metal cutting tools, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Metal cutting tools, etc |
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 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 declined to confirm whether its banker is Taiwan Co-Operative
Bank Nankan Branch, 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
|
98,桃簡調,168 |
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Trial Date: |
980407 |
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Reason |
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Subject |
Interview
Details
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Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
UK Pound |
1 |
Rs.78.65 |
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Euro |
1 |
Rs.67.79 |
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 |
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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 |
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<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.