MIRA INFORM REPORT
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Report Date : |
23.11.2011 |
IDENTIFICATION DETAILS
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Name : |
SUCOOT INDUSTRIAL CO., LTD. |
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Registered Office : |
1/F.,238, Sec.3, Chung-Kang Rd., Taichung |
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Country : |
Taiwan |
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Date of Incorporation : |
19.11.1984 |
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Com. Reg. No.: |
52722605 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture and sales of Scaffolding Accessories &
Formwork Parts |
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No. of Employees
: |
Over 50 employees |
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 60,000 |
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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: |
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Trading Address: |
No. 238, Sec. 3, Taichung Port Rd., Taichung
407, Taiwan R.O.C. |
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Supplied Address: |
No. 238, Sec. 3, Taichung Port Rd., Taichung
407, Taiwan R.O.C. |
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Telephone Number: |
+886-4-2359-8338 |
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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: |
Company
Identification Details
History
Subject was incorporated on
Shareholders
|
Name |
Subscription Shares |
|
Longjing Shi |
4,680,000 |
|
Longli Shi |
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|
1,500,000 |
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Mengzhu Chan |
1,500,000 |
|
Shuhui Yang |
750,000 |
|
Junsheng Yang |
750,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Related Companies
(Related factories)
|
1 |
|
|
Name |
Lead Good
Casting (Dalian) Co., Ltd |
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Address |
Dalian City,
Liaoning Province, China |
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2 |
|
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Name |
I-Prop Co., Ltd |
Personnel
Information
Core
Management
|
1 |
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Name |
Longjing Shi |
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Position |
Board Chairman |
|
Date of
Appointment |
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|
2 |
|
|
Name |
Longli Shi |
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Position |
Director |
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Date of
Appointment |
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|
3 |
|
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Name |
Mengzhu Chan |
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Position |
Director |
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4 |
|
|
Name |
Shuhui Yang |
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Position |
Director |
|
Date of
Appointment |
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5 |
|
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Name |
Junsheng Yang |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
Over 50 employees (Taiwan) |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No. 238, Sec. 3, Taichung Port Rd., Taichung 407, Taiwan R.O.C. |
Production
Information
l
Subject n is a manufacturer of Scaffolding Accessories & Formwork Parts,
etc
l
It is introduced that subject has related factories
both in Taiwan and Dalian, the mainland of China to deal with the production,
the Dalian factory produces the casting parts, and the Taiwan factory produces
other items.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacture, processing and sales of Steel
scaffolding, Steel Prop and relevant parts |
|
-- |
Manufacture, processing and sales of template
buckles for construction industry |
|
-- |
General import and export trading business |
|
I601010 |
Leasing Service |
l
Subject purchases mainly from local market.
l
The subject is mainly engaged in sales of
Scaffolding Accessories & Formwork Parts
l
Subject’s products are applied to general building
industry, Stage Engineering, bridgework and railway engineering, etc
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject exports to over 65 countries
including Malaysia, Dubai, South Africa and Spain, et
Major products
sold
|
1 |
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2 |
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3 |
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4 |
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5 |
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6 |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Raw materials, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Scaffolding Accessories & Formwork Parts |
COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Scaffolding Accessories & Formwork Parts |
T/T in advance, L/C, 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. You 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
|
99,中補,1023 (99, in the supplement,) |
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Trial Date: |
990624 |
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Payment |
Return of lease item |
Interview Details
|
Name |
Ms. You |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.70 |
|
UK Pound |
1 |
Rs.82.44 |
|
Euro |
1 |
Rs.71.08 |
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 |
|
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.