MIRA INFORM REPORT
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Report Date : |
11.10.2011 |
IDENTIFICATION DETAILS
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Name : |
CHIN FU INDUSTRIAL CORP. |
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Formerly Known As : |
Chin Fu Bamoo & Wood Co., Ltd. |
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Registered Office : |
No.143, Chiu Kang Lane,
Tin Tsuoh Li Lu Kang Chen, Changhua Hsien |
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Country : |
Taiwan |
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Date of Incorporation : |
27.06.2000 |
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Com. Reg. No.: |
70589179 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Making of processing machines for bamboo and timber |
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 100,000 |
|
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 |
|
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
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.143, Chiu Kang Lane, Tin Tsuoh Li Lu
Kang Chen, Changhua Hsien, Taiwan, R.O.C. |
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Supplied Address: |
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Telephone Number: |
+886-4-7787999/7776868 |
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Fax Number: |
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E-mail: |
Credit
Summary
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Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
Chin Fu Industrial Corp. |
|
Registered
Address: |
No.143, Chiu Kang Lane, Tin Tsuoh Li Lu Kang
Chen, Changhua Hsien, Taiwan, R.O.C. |
|
Date of
Foundation: |
|
|
Registration
Number: |
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|
Registry: |
MOEA Central Office |
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Registered
Capital: |
NTD 26,000,000
(USD 855,400) (As of 2011.10, 1 NTD = 0.0329 USD) |
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Paid-up Capital: |
NTD 26,000,000 (USD 855,400) |
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Legal
Representatives: |
Jinrong Hong |
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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 2000-6-27 with registered number 70589179
as Joint Stock Company in
Taiwan.
|
Former English Name |
Chin Fu Bamoo & Wood Co., Ltd. |
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Current English Name |
Chin Fu Industrial Corp. |
Shareholders
|
Name |
Subscription
Shares |
|
500 |
|
|
|
|
|
600 |
|
|
600 |
|
|
500 |
Notes:
The information above is that
of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core Management
|
1 |
|
|
Name |
|
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Zhikun Hong |
|
Position |
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3 |
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|
Name |
Mengjuan Hongli |
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Position |
Director |
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4 |
|
|
Name |
Yinghua Hongwu |
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Position |
Auditor |
Personnel Structure
|
Total Employees |
More than 20 Employees |
Operation
Information
Offices & Factories
|
|
Headquarters
|
|
Add |
No.143, Chiu Kang
Lane, Tin Tsuoh Li Lu Kang Chen, Changhua Hsien, Taiwan, R.O.C. |
l
The
subject produces processing
machines for bamboo and timber.
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 engaged in sales of processing
machines for bamboo and timber.
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
material |
COD,
etc |
100% |
Foreign
Purchase
Sales
Domestic
Markets (Taiwan)
|
Sales
Terms |
Proportion |
|
|
Processing machines for bamboo and timber |
CBD,
etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Processing machines for bamboo and timber |
CBD,
etc |
100% |
Financial
Information
|
Sales |
|
|
2010 |
About
USD 100,000,000 |
Notes: We obtain the information of subject from
public files which is not confirmed by subject.
Bankers
|
Name |
Taiwan
Bank |
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 |
Jinrong Hong |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
|
UK Pound |
1 |
Rs.76.65 |
|
Euro |
1 |
Rs.66.17 |
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 |
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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.