MIRA INFORM REPORT
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Report Date : |
12.11.2011 |
IDENTIFICATION DETAILS
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Name : |
POWER LAND CO., LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
29.05.2006 |
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Com. Reg. No.: |
28324347 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Sales of injection molds, etc |
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 40,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 |
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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: |
Power Land Co., Ltd. |
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Supplied Name: |
Power Land Co Ltd. |
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Trading Address: |
No. 49-12, Da Jue Wei Shui Shang, Hsiang Chia Yi Hsien, Taiwan |
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Supplied Address: |
No. 49-12, Da Jue Wei Shui Shang, Hsiang Chia Yi Hsien, Taiwan |
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Telephone Number: |
+886-5-285-5662, 268-8000, 268-8008 |
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Fax Number: |
+886-2-285-9900, 268-8028 |
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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
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Registered Name: |
Power Land Co., Ltd.. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
28324347 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2011.11, 1 NTD = 0.0332 USD) |
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Legal Representatives: |
Yaping Huang |
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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
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Name |
Subscription Amount |
|
Yaping Huang |
6,000,000 |
Subsidiaries &
Branches
Related Company
|
Name |
Ho Shun Mold
Co., Ltd |
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Address: |
No. 49-12, Da Jue Wei Shui Shang, Hsiang Chia Yi Hsien, Taiwan |
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Telephone Number: |
+886-5-285-5662, 268-8000, 268-8008 |
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Fax Number: |
+886-2-285-9900, 268-8028 |
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Activities: |
The Company is engaged in manufacture of injection molds. |
Personnel
Information
Core
Management
|
Name |
Yaping Huang |
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Position |
Director |
Personnel
Structure
|
Total Employees |
Over 10 employees |
Operation
Information
Offices
& Factories
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|
Headquarters |
|
Add |
No. 49-12, Da Jue Wei Shui Shang, Hsiang Chia Yi Hsien, Taiwan |
Production
Information
l
Subject is a trader of molds without any
production activities itself.
l
Subject’s related company Ho Shun Mold Co., Ltd is
engaged in manufacture of molds
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F101990 |
Wholesales of other agricultural
products, Animal products and aquatic product |
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F106030 |
Wholesales of Molds |
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F113020 |
Wholesales of electrical
equipment |
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F401010 |
International Trading Business |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases molds mainly from its related
company Ho Shun Mold Co., Ltd in Taiwan.
Sales
Information
l
The subject is mainly engaged in sales of plastic
injection molds.
l
Subject’s products are applied to manufacturing of
beach chair and table series , industrial appliances , and household
appliances, etc
l
Subject’s products are both sold in domestic and
overseas market and
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Injection molds, etc |
Interior
settlement, credit sales, etc |
100% |
Foreign Purchase
Subject has little import business
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Injection molds, etc |
30% repayment, 30% in process, 40%before
delivery, etc |
100% |
Export
|
Sales Terms |
Proportion |
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|
Injection molds, etc |
30% repayment, 30% in process, 40%before
delivery, 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. Wu 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 disclose 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. Wu |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.28 |
|
UK Pound |
1 |
Rs.80.08 |
|
Euro |
1 |
Rs.68.45 |
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.