MIRA
INFORM REPORT
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Report Date : |
24.11.2011 |
IDENTIFICATION DETAILS
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Name : |
SOU YUAN ENTERPRISE CO LTD. |
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Registered Office : |
No.242, Zhongshan Rd., Xinshi Dist., Tainan City 744 |
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Country : |
Taiwan |
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Date of Incorporation : |
07.10.1994 |
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Com. Reg. No.: |
89872106 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacture and trade of textile machines, embroidery machines, cutting edge machines, etc. |
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No. of Employees : |
Not Available |
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 20,000 |
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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 30, 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: |
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Supplied Name: |
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Trading Address: |
No.242, Zhongshan Rd., Xinshi Dist., Tainan
City 744, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-6-5998121 |
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Fax Number: |
Notes: The correct subject’s address is as above mentioned.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
Notes: Subject declined to introduce its staff
number.
History
Subject was incorporated on 1994-10-7 with registered
number 89872106 as Private Limited
Liability Company in Taiwan.
Shareholders
|
Name |
Subscription Amount |
|
Su Ziyun |
400,000 |
|
Xie Jinhua |
|
|
4,300,000 |
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The information
above is that of subject’s major shareholders.
Subsidiaries & Branches
Personnel Information
Core
Management
|
1 |
|
|
Name |
Su Ziyun |
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Position |
Chairman |
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2 |
|
|
Name |
Xie Jinhua |
|
Position |
Director |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.242, Zhongshan Rd., Xinshi Dist., Tainan City 744, Taiwan (R.O.C.) |
Production
Information
l
Subject produces textile machines, embroidery machines, cutting edge machines, etc.
l
Subject has a factory in Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Trade of textile machines, embroidery machines,
cutting edge machines, etc. |
|
2 |
manufacture, process, trade of parts of machines |
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3 |
Import and export of above mentioned products |
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4 |
Agents and foreign
manufacturers in the preceding paragraph tender offer products distribution
business |
Besides licensed business, all other business items those are not banned
or restricted.
l
The components and raw material for production are
purchased from domestic and abroad.
l
The subject has a
proportion of 50% for Import
l
The subject is mainly engaged in trade of textile machines, embroidery machines, cutting edge machines, etc.
l
Subject
has both domestic and foreign markets.
l
The subject has a
proportion of 50% for export.
l
Subject exports to Asian,
European, American countries, etc.
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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Components and raw material for production |
CBD, etc. |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
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Components and raw material for production |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
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Textile machines, embroidery machines, cutting
edge machines, etc. |
CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Textile machines, embroidery machines, cutting
edge machines, 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 Mr. Xie declined to disclose its financials
citing the grounds of company’s confidentiality; 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 |
Mr. Xie |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.10 |
|
|
1 |
Rs.81.30 |
|
Euro |
1 |
Rs.70.07 |
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 |
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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 |
|
-- |
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.