MIRA
INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
SENHER PRECISION MACHINERY CO., LTD. |
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Registered Office : |
6F., No.88, Changchun Rd., Lujhu Township, Taoyuan County 338 |
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Country : |
Taiwan |
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Date of Incorporation : |
17.05.1999 |
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Com. Reg. No.: |
16918203 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture, trading and the export of knitting machines |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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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Supplied Name: |
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Trading Address: |
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Supplied Address: |
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Telephone Number: |
+886-03-2223226 |
The supplied telephone number is a wrong number. The correct one is as
above mentioned.
The subject has moved from the supplied address, and the exact and
current address is as above mentioned.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
History
Subject was incorporated on 1999-05-17 with registered
number 16918203 as Joint Stock Company in Taiwan.
Shareholders
|
Name |
Subscription shares |
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Wang Ziping |
150,000 |
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Lin Jiannan |
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140,000 |
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Wang Zihui |
10,000 |
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Lin Jiagong |
4,000 |
The information
above is that of subject’s major shareholders.
Personnel Information
Core
Management
Directors
|
1 |
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|
Name |
Wang Ziping |
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Position |
Chairman |
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2 |
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Name |
Lin Jiannan |
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Position |
Director |
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3 |
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Name |
Wang Zihui |
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Position |
Director |
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4 |
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Name |
Lin Jiagong |
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Position |
Supervisor |
Operation Information
Offices
& Factories
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1 |
Headquarter |
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Add |
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2 |
Branch |
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Add |
In Xiamen |
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3 |
Factory |
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Add |
In Zhangzhou city, Fujian Province, China |
Notes: The subject disclosed that they have a factory in Zhangzhou City, Fujian
Province. And there is also a branch in Xiamen. But they rejected to provide
the exact addresses.
Production
Information
l
Subject produces knitting machines.
l
Subject produces in the mainland of China.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Manufacture of machinery |
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CB01990 |
Other machinery manufacturing (air hydraulic
machine, machine parts) |
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E604010 |
Mechanical installation industry |
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F113010 |
Wholesaling of machinery |
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F113030 |
Precision Wholesale |
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F213040 |
Precision Retail |
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F213080 |
Retail of Machinery |
Besides licensed business, all other business items those are not banned or
restricted.
l
The subject purchases raw materials.
l
The subject purchases from the mainland of China.
l
The subject is mainly engaged in sales of knitting
machines.
l
The subject sells products both in domestic market
and abroad.
Major products
sold
|
Product |
Sales Region |
|
Knitting machines |
Taiwan and Mainland, China |
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Knitting machines |
Asia (Especially in Pakistan) |
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)
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Payment Terms |
Proportion |
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Raw materials |
CBD |
100% |
Note: The subject seldom purchases from foreign
market.
Sales
Domestic Markets (Taiwan and Mainland, China)
|
Sales Terms |
Proportion |
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Knitting machines |
CBD |
100% |
Export
|
Sales Terms |
Proportion |
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Knitting machines |
CBD |
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 Ms. He declined to disclose its financials,
financial information is not available.
Public Record
Lawsuit
Up to date of
reporting, no existing or latent litigation of the subject has been found.
Interview Details
|
Name |
He Yaqi |
|
Position |
Sales staff |
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E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.02 |
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|
1 |
Rs.77.13 |
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Euro |
1 |
Rs.67.55 |
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 |
-- |
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.