MIRA INFORM REPORT
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Report Date : |
19.10.2011 |
IDENTIFICATION DETAILS
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Name : |
MING YOU CO. |
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Registered Office : |
4F.-6, No.412, Sec. 5, Zhongxiao e. Rd., Xinyi Dist., Taipei City 11061 |
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Country : |
Taiwan |
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Date of Incorporation : |
09.05.1992 |
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Com. Reg. No.: |
01393138 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Sales of chemicals, engine oil, firewood oil, etc. |
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 20,000 |
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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 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: |
Ming You Co. |
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Supplied Name: |
Ming You Co Ltd |
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Trading Address: |
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Supplied Address: |
4F-6, No. 412, Sec. 5, Zhong Hiao East Road, XTN Y1 Dist., Taipei City
11061 |
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Telephone Number: |
+886-2-29883885 |
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Fax Number: |
+886-2-29860952 |
Notes:
The exact subject’s name is as above mentioned.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
Ming You Co. |
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Registered Address: |
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Date of Foundation: |
1992-05-09 |
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Registration Number: |
01393138 |
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Registry: |
Commercial Division of Taipei |
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Registered Capital: |
(As of 2011.10, 1 NTD = 0.0329 USD) |
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Paid-up Capital: |
NTD 200,000 (USD 6,589) |
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Legal Representatives: |
Zheng Shufang |
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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: |
Information on staff number could not be obtained from subject or other
sources.
History
Subject was incorporated on 1992-05-09 with registered
number 01393138 as Private
Limited Liability Company in Taiwan.
Shareholders
|
Name |
Subscription Amount |
|
Zheng Shufen |
200,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
|
Name |
Zheng Shufen |
|
Position |
Chairman |
Operation
Information
Offices
& Factories
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|
Headquarters |
|
Add |
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Production
Information
l
Subject is a trader of firewood oil without any
production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F104050 |
Wholesale of clothing accessories |
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F105020 |
Wholesale of upholstery textiles |
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F106010 |
Wholesale of hardware |
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F106020 |
Wholesale of daily articles |
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F107010 |
Wholesale of paints and coatings |
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F104020 |
Wholesale of clothing |
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F107030 |
Wholesale of cleaning supplies |
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F107170 |
Wholesale of industrial additives |
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F112010 |
Wholesale of gasoline and diese |
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F112040 |
Wholesale of petroleum products |
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F114030 |
Wholesale of automobile and motorcycle parts |
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F204020 |
Retail of clothing |
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F204050 |
Retail of clothing accessories |
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F205020 |
Retail of fixtures |
Besides licensed business, all other business items those are not banned
or restricted.
l
The subject has a
proportion of 50% for Import
l
The subject is engaged in sales of chemicals, engine oil, firewood oil, etc.
l
The subject has a
proportion of 50% for export.
Major products
sold
|
Product |
Sales Region |
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Engine oil, firewood
oil etc. |
Asia (Southeast Asia, Middle East) |
|
Engine oil, firewood
oil etc. |
European, America |
|
Engine oil, firewood
oil etc. |
Taiwan, Mainland and China |
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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Engine oil, firewood
oil etc. |
CBD etc. |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Engine oil, firewood
oil etc. |
CBD etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Engine oil, firewood
oil etc. |
CBD etc. |
100% |
Export
|
Sales Terms |
Proportion |
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Engine oil, firewood
oil etc. |
CBD 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 Ms. Zheng 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 |
Ms. Zheng |
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Position |
Sales Department |
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E-mail |
note:
The person who answered the telephone declined to disclose her name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
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UK Pound |
1 |
Rs.77.58 |
|
Euro |
1 |
Rs.67.58 |
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 |
|
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 |
|
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.