MIRA INFORM REPORT
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Report Date : |
19.10.2011 |
IDENTIFICATION DETAILS
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Name : |
PO CHIAO INDUSTRY CO., LTD. |
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Registered Office : |
No.279-1, Dongjhou Rd.,
Shengang Dist., Taichung City 429 |
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Country : |
Taiwan |
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Date of Incorporation : |
28.12.1993 |
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Com. Reg. No.: |
84650695 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and trading of sander machines. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
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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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 |
|
Risk Category |
ECGC
Classification |
|
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.279-1, Dongjhou Rd., Shengang Dist.,
Taichung City 429, 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 supplied name and address are not accurate, and the exact current
name and address are as above.
Company
Identification Details
|
Registered Address: |
No.279-1, Dongjhou Rd., Shengang Dist., Taichung City 429, Taiwan
(R.O.C.) |
|
Date of Foundation: |
|
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Registration Number: |
84650695 |
|
Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2011.10, 1 NTD = 0.03299USD) |
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Paid-up Capital: |
NTD 50,000,000 (USD1,649,410) |
|
Legal Representatives: |
Zhaozhi Hong |
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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: |
History
Subject was incorporated on
Shareholders
|
Subscription Number |
|
|
Zhaozhi Hong |
48,150 |
|
Quan Hong |
|
|
25 |
|
|
Meiyu Lin |
25 |
|
Shuhui Wei |
1,700 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core Management
|
1 |
|
|
Name |
Zhaozhi Hong |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Quan Hong |
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Position |
Director |
|
3 |
|
|
Name |
Meiyu Lin |
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Position |
Director |
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4 |
|
|
Name |
Shuhui Wei |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 30 Employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.279-1, Dongjhou Rd., Shengang Dist., Taichung City 429, Taiwan
(R.O.C.) |
|
Construction
Area |
Production
Information
l
Subject is a manufacturer of sander machine with
production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Manufacture and trade of kinds of sander and
accessories. |
|
2 |
Manufacture and trade of kinds of woodworking
machine |
|
3 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The components and raw material for production are
mostly purchased from local Taiwan.
l
Subject is mainly involved in manufacturing and
trading of different kinds of sander machine, woodworking machine, accessories
and so on.
Major products
sold as following:
|
1 |
Open type wide belt sander |
|
2 |
Light duty wide belt sander |
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3 |
Heavy duty wide belt sander |
|
4 |
Lacquered panel wide belt sander |
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5 |
Wide belt planning /sanding machine |
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6 |
Final sanding /denibbing machine |
|
7 |
Auto-manufacturing series |
|
8 |
Segmented pad wide belt sander |
l
Subject introduced that the selling territory
covers all over the world, such as European countries, American, Singapore and
so on.
l
Subject stated that it has an agency in Dalian, but
it declined to disclose more details.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Subject declined to disclose any information about purchase settlements.
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Sander Machine |
COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Sander Machine |
T.T, L/C |
100% |
Notes: Subject’s settlement for export is generally in USD
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. Chen 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 any information about banker, and from other
sources, we couldn’t obtain the 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. Chen |
|
Position |
Salesman |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
UK Pound |
1 |
Rs.77.58 |
|
Euro |
1 |
Rs.67.58 |
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 |
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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 |
|
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.