MIRA
INFORM REPORT
|
Report Date : |
01.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
PAI LUNG MACHINERY MILL CO., LTD. |
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Registered Office : |
No.8, Ting Ping Rd., Ruifang Dist., New Taipei City 224 |
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Country : |
Taiwan |
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Date of Incorporation : |
10.06.1977 |
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Com. Reg. No.: |
20765242 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sale of single knit, etc |
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 |
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|
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Contact Points
|
Company Name: |
|
|
Supplied Name: |
Pailung
Machinery Mill Co |
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Trading Address: |
No.8, Ting Ping
Rd., Ruifang Dist., New Taipei City 224, Taiwan (R.O.C.) |
|
Supplied Address: |
No. 8 Ding Ping
Rd Ruei Fang Town Taipei, Taiwan |
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Telephone Number: |
+886-2-2497-8888 |
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Fax Number: |
+886-2-2496-5666 |
Credit Summary
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Credit Rating: |
|
|
Credit Opinion: |
Company Identification Details
|
Registered Name: |
Pai Lung
Machinery Mill Co., Ltd. |
|
Registered Address: |
No.8, Ting Ping
Rd., Ruifang Dist., New Taipei City 224, Taiwan (R.O.C.) |
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Date of Foundation: |
|
|
Registration Number: |
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Registry: |
New Taipei City
Government |
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Registered Capital: |
NTD 496,000,000 (USD
16,318,400) (As of 2011.09,
1 NTD = 0.0329 USD) |
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Paid-up Capital: |
NTD 432,147,110
(USD 14,217,639.919) |
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Legal Representatives: |
|
|
Legal Form: |
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Principal Activities: |
Manufacturing and sale of single knit, etc |
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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 1977-6-10 with registered
number 20765242 as Joint Stock Company in Taiwan.
Awards
|
Year |
Awards |
|
2008 |
Blue chip
importer and exporter |
|
2009 |
Blue chip
importer and exporter |
|
20010 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit:
USD
|
Year |
Amount |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
Shareholders
|
Name |
Subscription Shares |
| Bozhen
Chen |
6,201,544 |
|
2,801,515 |
|
|
1,647,010 |
|
|
1,421,205 |
|
|
1,283,834 |
|
|
14,852 |
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
Directors
|
1 |
|
|
Name |
Bingci Wang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Bozhen Chen |
|
Position |
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3 |
|
|
Name |
Jiancang Wang |
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Position |
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4 |
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Name |
|
|
Position |
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5 |
|
|
Name |
Jinchuang Sun |
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Position |
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6 |
|
|
Name |
Jinhua Chenlin |
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Position |
Director |
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7 |
|
|
Name |
Shiyang Chen |
|
Position |
|
|
8 |
|
|
Name |
Pengfei Su |
|
Position |
Auditor |
Personnel
Structure
|
Total Employees |
More than 10 Employees |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.8, Ting Ping Rd., Ruifang Dist., New Taipei City 224, Taiwan
(R.O.C.) |
Production
Information
l
Subject produces single knit, etc.
l
The subject produces in Taiwan.
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 single knit, etc.
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
The subject seldom imports.
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Single knit |
CBD, etc |
100% |
Financial Information
|
Sales |
|
|
2010 |
About USD
8,000,000 |
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 |
Wanyi Chen |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.92 |
|
|
1 |
Rs.76.52 |
|
Euro |
1 |
Rs.66.64 |
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 |
|
-- |
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.