MIRA INFORM REPORT
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Report Date : |
12.10.2011 |
IDENTIFICATION DETAILS
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Name : |
YUNG CHI Y. C. INDUSTRIAL CO. |
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Registered Office : |
No.23-1,Huei Lai St., Yuan
Lin Town, Changhua Hsien |
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Country : |
Taiwan |
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Date of Incorporation : |
01.02.1993 |
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Com. Reg. No.: |
84171288 |
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Legal Form : |
Corporation |
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Line of Business : |
Manufacture, constitution and trading and the export of farming machines and parts |
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 80,000 |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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: |
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Supplied Address: |
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Telephone Number: |
+886-4-8346492-3 |
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Fax Number: |
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
History
Subject was incorporated on 1993-02-01 with registered
number 84171288 as Limited
Liability Company in Taiwan.
Shareholders
|
Name |
Subscription Shares |
|
Huang Mingqing |
12,16 |
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Huang Luojinzhu |
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|
11,00 |
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Huang Shuqing |
4,24 |
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Huang Yuncheng |
3,30 |
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Huang Du |
5,30 |
Notes: The information above is that of subject’s
major shareholders.
Subsidiaries &
Branches
Subject has branches
all over the world. And subject has another factory in Xiamen.
Personnel
Information
Core
Management
|
Name |
Huang Mingqing |
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Position |
Chairman |
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2 |
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Name |
Huang Luojinzhu |
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Position |
Director |
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3 |
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Name |
Huang Shuqing |
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Position |
Director |
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4 |
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Name |
Huang Yuncheng |
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Position |
Director |
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5 |
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Name |
Huang Du |
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Position |
Supervision |
Operation
Information
Offices
& Factories
The subject operates
at the above address, and it has another factory in Xiamen.
l
Subject is a trader of farming machines with
production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Manufacture, constitution, trading and the export
of mowers, sprays and fertilizing machines |
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2 |
Trading and the export of farming
machines and parts |
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3 |
Trading and the export of construction equipment
generator motor |
l
The components and raw material for production are
mostly purchased from local area.
l
The subject is mainly engaged in manufacturing,
processing, trading and the export of farming machines and parts.
l
The subject has a
proportion for export.
Major products
sold
|
Product |
Sales Region |
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Farming machines |
All over the
world, mainly in Asia, Central and South America |
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Farming machines |
Local area |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan)
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Proportion |
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Raw materials |
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. Li discloses its annual sales income is
about RMB 1,000,000,000. The information was obtained through telephone
interview, has not been confirmed.
Bankers
|
Taichung Commercial Bank, taiwan |
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Account Number |
06700701001577 |
Public
Record
Mortgage
No chattel mortgage record of subject has been found within the recent 3
months.
Interview
Details
|
Name |
Mr. Jin |
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Position |
Manager |
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Department |
Branch in Xiamen |
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E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.03 |
|
UK Pound |
1 |
Rs.76.60 |
|
Euro |
1 |
Rs.66.80 |
RATING EXPLANATIONS
|
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.