MIRA INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
YING LIN MACHINE INDUSTRIAL CO., LTD. |
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Registered Office : |
No.46, Hwan Gong
Rd., Yongkang Dist., Tainan City 710 |
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Country : |
Taiwan |
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Date of Incorporation : |
19.05.1986 |
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Com. Reg. No.: |
22131688 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of machinery |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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: |
No. 46, Hwan-Gong Rd., Yung-Kang Industrial
District, Tainan Hsien, Taiwan - R.O.C. |
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Supplied Address: |
No. 46, Hwan-Gong Road, Yung-Kang Industrial
District Tainan Hsien , TW |
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Telephone Number: |
+886-6-2335301/2335303 |
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Fax Number: |
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E-mail: |
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Website: |
Notes: Subject’s exact name and address are as above
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
History
Subject was incorporated on
Shareholders
|
Name |
Subscription Shares |
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Bingkun Hu |
16,810 |
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Bingnan Hu |
|
|
21,900 |
|
|
Yanyan Wong |
13,565 |
|
Shuhui Hu |
700 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
It is introdcued that subject has offie in the mainland of China, while the
details are not disclosed.
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Bingkun Hu |
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Position |
Board Chairman |
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2 |
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|
Name |
Bingnan Hu |
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Position |
Director |
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3 |
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|
Name |
Yanyan Wong |
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Position |
Director |
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4 |
|
|
Name |
Shuhui Hu |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 200 employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No. 46, Hwan-Gong Rd., Yung-Kang Industrial District, Tainan Hsien,
Taiwan - R.O.C. |
Production
Information
l
Subject is a manufacturer of machinery.
l
It is introduced that subject has ISO9001
certification.
Purchase
Information
l
The registered activities of subject:
|
1 |
Manufacture, processing and sales of Hydraulic
machinery, Air pressure machinery, automatic
control machinery, pipe bender and related
components, etc |
|
2 |
Manufacture, installation and sales of Family
hardware, metal furniture and sports equipment, etc |
|
3 |
Import and export trading business of the above
mentioned items |
l
Subject purchases components both from Taiwan and
Japan
Sales
Information
l
The subject is mainly engaged in sales of machinery
including CNC pipe bender, etc
l
Subject’s products are applies to automobile manufacturing, shipping building,
furniture manufacture, and other tubes and pipes manufacturing, etc
l
Subject’ products are both sold in domestic and
overseas market and it is introduced that 30% of subject’s products are sold in
Taiwan, 35% are sold to other regions in Asia and the rest are sold to Europe,
America and Middle East and subject has agents in many different
Major products:
|
1 |
CNC/ NC/
CR tube benders & CNC booster bender |
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2 |
Tube end-forming machine |
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3 |
Circle
rolling machine |
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4 |
Double finishing & double-bend tube bender |
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5 |
Dual-working tube press machine |
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6 |
Tube cutting machine |
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7 |
Tube related machinery |
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8 |
Automation |
|
9 |
CNC vertical machining center |
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Components |
COD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Components |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Machinery |
30% prepayment, 70% before delivery, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Machinery |
30% prepayment, 70% before delivery, etc |
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 declined to disclose its financials citing the
grounds of company’s confidentiality; from other source we can not obtain the
relevant information, either.
Bankers
Subject declined to disclose its bank details; 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 |
Ms. Xu and Ms. Su |
|
Department |
Sales department |
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 |
|
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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 |
|
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.