MIRA INFORM REPORT
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Report Date : |
01.10.2011 |
IDENTIFICATION DETAILS
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Name : |
HSING-CHENG MACHINERY INDUSTRIAL CO., LTD. |
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Registered Office : |
No.13, Chung Hsing 2 St., Lu-Chu Hsiang Taoyuan Hsien |
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Country : |
Taiwan |
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Date of Incorporation : |
06.07.1987 |
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Com. Reg. No.: |
22559269 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of automatic stacking transporter |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 80,000 |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
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: |
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Supplied Address: |
No. 13,
Jungshing 2nd St. Lin 18, Hsinhsing Village, Luchu Hsiang Taoyuan Hsien,
Taiwan |
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Telephone Number: |
+886-3-32385601 |
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Fax Number: |
Credit
Summary
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Credit Rating: |
|
|
Credit Opinion: |
Company Identification
Details
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Registered Name: |
Hsing-Cheng Machinery Industrial Co., Ltd. |
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Registered
Address: |
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Date of
Foundation: |
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Registration
Number: |
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Registry: |
MOEA Central Office |
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Registered
Capital: |
NTD 28,000,000
(USD 921,200) (As of 2011.09, 1 NTD = 0.0329 USD) |
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Paid-up Capital: |
NTD 28,000,000 (USD 921,200) |
|
Legal
Representatives: |
|
|
Legal Form: |
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Principal Activities: |
Manufacturing
and sales of automatic stacking transporter |
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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 1987-7-6 with registered number 22559269
as Joint Stock Company in Taiwan.
Shareholders
|
Name |
Subscription
Amount |
|
14,800 |
|
|
Jinying Lv |
|
|
8,800 |
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Notes:
The information above is
that of subject’s major shareholders.
Subsidiaries &
Branches
Subject did not register any subsidiaries or branches,
from other source we can not obtain the relevant information, either.
Personnel
Information
Core Management
|
1 |
|
|
Name |
Jiancheng Ye |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Maoseng Ye |
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Position |
Director |
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3 |
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|
Name |
|
|
Position |
Director |
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4 |
|
|
Name |
Jinying Lv |
|
Position |
Auditor |
Personnel Structure
|
Total Employees |
More than 10 Employees |
Operation
Information
Offices & Factories
|
|
Headquarters
|
|
Add |
Production Information
l
The
subject produces automatic
stacking transporter.
l
The
subject produces in Taiwan.
Purchase Information
l
The raw
material for production is mostly purchased from domestic markets.
l
The
subject’s is engaged in sales of automatic
stacking transporter.
l
The
subject sells products around the world.
Import and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase (Taiwan and Mainland, China)
|
Payment
Terms |
Proportion |
|
|
Raw
Materials |
COD,
etc |
100% |
Foreign
Purchase
Sales
Domestic
Markets (Taiwan)
|
Sales
Terms |
Proportion |
|
|
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Automatic stacking transporter |
CBD,
etc |
100% |
Financial
Information
|
Sales |
|
|
2010 |
About
USD 8,000,000 |
Notes: We obtain the information of subject from
public files which is not confirmed by subject.
Bankers
|
Name |
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 |
Caoque Ye |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.93 |
|
UK Pound |
1 |
Rs.76.52 |
|
Euro |
1 |
Rs.66.65 |
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 |
|
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.