MIRA INFORM REPORT
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Report Date : |
01.10.2011 |
IDENTIFICATION DETAILS
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Name : |
MENG SIN MATERIAL CO., LTD. |
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Formerly Known As : |
Meng Sin Metals Co., Ltd. |
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Registered Office : |
No.16, Ching Chin Rd., Fang Liao Township, Ping Tung County |
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Country : |
Taiwan |
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Date of Incorporation : |
24.02.2005 |
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Com. Reg. No.: |
27218804 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and sales
of metal products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 40,000 |
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Status : |
Moderate |
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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) |
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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.16, Ching
Chin Rd., Fang Liao Township, Ping Tung County, Taiwan, R.O.C. |
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Supplied Address: |
No. 187 Ying Ming Rd Ling Ya Dist Kaoshiung City 802, Taiwan |
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Telephone Number: |
+886-7-7529918 |
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Fax Number: |
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
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Registered Address: |
No.16, Ching
Chin Rd., Fang Liao Township, Ping Tung County, Taiwan, R.O.C. |
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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 48,000,000 (USD 1,579,200) (As of 2011.09,
1 NTD = 0.0329 USD) |
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Legal Representatives: |
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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 2005-2-24 with registered
number 27218804 as Private
Limited Liability Company in Taiwan.
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Former English
Name |
Meng Sin Metals
Co., Ltd. |
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Current English
Name |
Meng Sin Material Co., Ltd. |
Shareholders
|
Name |
Subscription Amount |
|
10,976,510 |
Notes:
The
information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
1 |
|
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Name |
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Position |
Director |
Personnel
Structure
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Total Employees |
More than 10 Employees |
Operation
Information
Offices
& Factories
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Headquarters |
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Add |
No.16, Ching Chin Rd., Fang Liao Township, Ping Tung County, Taiwan,
R.O.C. |
l
Subject produces metal products.
Purchase
Information
l
The components and raw material
for production are mostly purchased from domestic markets.
l
The subject is mainly engaged in sales of metal
products.
l
The subject sells products in
around the world.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
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Raw material |
COD, etc |
100% |
Foreign Purchase
Sales
Domestic Markets (Taiwan)
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Sales Terms |
Proportion |
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CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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Metal products |
CBD, etc |
100% |
Financial
Information
|
Sales |
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|
2010 |
About USD 4,000,000 |
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 |
Zhende Cai |
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
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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.