MIRA INFORM REPORT
|
Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
YIEH MAU CORP. |
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Registered Office : |
No.345, Shun-An Rd., Luzhu
Dist., Kaohsiung City 821, |
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Country : |
Taiwan |
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Date of Incorporation : |
17.03.1984 |
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Com. Reg. No.: |
76480628 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and trading of steel and metallic products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200,000 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Usually Correct |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Contact
Points
|
Company Name: |
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Supplied Name: |
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Trading Address: |
No.345, Shun-An Rd., Luzhu Dist., Kaohsiung
City 821, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes:
The exact registered name is as above.
Credit
Summary
|
Credit Rating: |
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|
Credit Opinion: |
Company
Identification Details
History
Subject was incorporated on
Awards
|
Year |
Awards |
|
2007 |
Blue chip
importer and exporter |
|
2008 |
Blue chip
importer and exporter |
|
2009 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2007 |
18,000,000 |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
Shareholders
|
Name |
Subscription Amount |
|
Yieh Mau Investigation Corp.(translated) |
25,362,000 |
|
Yishou Lin |
|
|
5,000 |
|
|
Yieh United Steel Corporation |
58,744,000 |
|
E-Da Hospital Corporation(translated) |
39,203,000 |
|
Yieh Phui Enterprise Co., Ltd. |
37,252,000 |
The information
above is that of subject’s major shareholders.
Subsidiaries &
Branches
Affiliate
Companies
|
1 |
|
|
Name |
Yieh United
Stainless Steel Co. Ltd |
|
Note: |
Established in
1988 Yieh United Stainless
Steel Co. Ltd (YUSCO) is one of the largest integrated stainless steel mills
in Asia. |
|
2 |
|
|
Name |
Lianzhong
Stainless Steel Corporation |
|
Note: |
Established in
2001 Lianzhong Stainless
Steel Corporation (LISCO) is one of the largest stainless steel mills in
China. YUSCO combined
with LISCO, with an annual capacity of 2,000,000 tones per year, is one of
the largest stainless steel makers in the world. |
|
3 |
|
|
Name |
Yieh Phui
Enterprise Co., Ltd. |
|
Note: |
Established in
1986 Products:
Hot-Dip Galvanized, Galfan, Galvalume, and Pre-Painted Steel products |
|
4 |
|
|
Name |
Yieh Phui
(China) Technomaterial Co., Ltd. |
|
Note: |
Established in
2001 Products: Hot Rolled
Pickled coils, Cold Rolled Coils, Hot-Dip Galvanized Coils, and Pre-Painted
Galvanized Coils |
|
5 |
|
|
Name |
Changshu Chief
Leading Edge Construction Materials Co. Ltd. |
|
Note: |
Established in
1986 Main service:
Steel Structure Design, Manufacturing and Assembling for Buildings &
Mills, Coil Cutting and Slitting |
|
6 |
|
|
Name |
Lianzhong
Stainless Steel Corporation |
|
Note: |
Established in
2001 Lianzhong
Stainless Steel Corporation (LISCO) is one of the largest stainless steel
mills in China. Yieh Phui
combined with Yieh Phui (China), with an annual capacity of 2,500,000 tons
per year, will become the largest galvanized steel maker in the world. |
|
7 |
|
|
Name |
Yieh Hsing
Enterprise Co., ltd. |
|
Note: |
Established in
1978 Products: Stainless
Steel Rods, Stainless Welding Rods, Carbon Steel Rods, Alloy Steel Rods,
Free-Cutting Steel Rods Yieh Hsing
Enterprise Co., ltd. is one of the largest wire rod maker in the world. |
|
8 |
|
|
Name |
Yieh Mau Corp |
|
Note: |
Established in
1988 Products:
Stainless Steel Coils / Strips, Stainless Steel Plates / Sheets Yieh Mau Corp,
with the best procedure for stainless steel surface finishing, is the major
stainless steel coil center in Asia. It has the best quality of stainless
steel mirror sheet in Taiwan. |
Shanghai Office
|
Address: |
Room 503, No.
989 Dongfang Road, Shanghai, China |
|
Tel: |
+86-21-51083606 |
|
Fax: |
+86-21-58200941 |
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Tianji Zhang |
|
Position |
Board of
Chairman |
|
2 |
|
|
Name |
Yishou Lin |
|
Position |
Director |
|
3 |
|
|
Name |
Renying Zheng |
|
Position |
Director |
|
4 |
|
|
Name |
Huangcai Ye |
|
Position |
Director |
|
5 |
|
|
Name |
Jingcong Huang |
|
Position |
Director |
|
6 |
|
|
Name |
Qinghe Lin |
|
Position |
Supervisor |
|
7 |
|
|
Name |
Yongxian Chen |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About110 Employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.345, Shun-An Rd., Luzhu Dist., Kaohsiung City 821, Taiwan (R.O.C.) |
Production
Information
l
Subject is a manufacturer of steel and metallic
products with some production activities
Purchase
Information
l
The components and raw material for production are
mostly purchased from Taiwan.
l
Subject is mainly involved in manufacturing and
trading of steel and metallic products.
l
Subject introduced that they focused on supply and
service of all kinds of steel and metallic products.
l
Subject’s selling territory is all over the world,
and the main territory covers European country, America
l
The sales quantity of subject might be 10 thousand
ton a month.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
Steel and metallic products. |
COD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Steel and metallic products. |
T.T, L/C |
100% |
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Steel and metallic products. |
COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Steel and metallic products. |
T.T, L/C |
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. Huang declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
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 |
Mr. Huang |
|
Position |
Salesman |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.02 |
|
UK Pound |
1 |
Rs.77.13 |
|
Euro |
1 |
Rs.67.56 |
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.