MIRA INFORM REPORT
|
Report Date : |
21.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
JERN YAO ENTERPRISES CO., LTD. |
|
|
|
|
Registered Office : |
No.109, Shengli
Rd., Rende Dist., Tainan City 717 |
|
|
|
|
Country : |
Taiwan |
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|
|
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Date of Incorporation : |
05.07.1988 |
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|
|
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Com. Reg. No.: |
22965105 |
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|
|
|
Legal Form : |
Joint Stock
Company |
|
|
|
|
Line of Business : |
Manufacturing and
sales of bolt formers, nut formers and parts
formers |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 80,000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment
Behaviour : |
No Complaints |
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|
|
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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: |
|
|
Supplied Name: |
JERN YAO
ENTERPRISES CO LTD. |
|
Trading Address: |
No.109, Shengli
Rd., Rende Dist., Tainan City 717, Taiwan (R.O.C.) |
|
Supplied Address: |
No. 109 Shengli
Road Jewte Hsiang Tainan County 71758 Taiwan |
|
Telephone Number: |
+886-6-270-0011 |
|
Fax Number: |
+886-6-270-0055 |
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
Jern Yao Enterprises Co., Ltd. |
|
Registered Address: |
No.109, Shengli Rd., Rende Dist., Tainan City 717, Taiwan (R.O.C.) |
|
Date of Foundation: |
|
|
Registration Number: |
|
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
NTD 292,000,000 (USD
9,636,000) (As of 2011.09, 1 NTD = 0.0330 USD) |
|
Paid-up Capital: |
NTD 292,000,000 (USD 9,636,000) |
|
Legal Representatives: |
|
|
Legal Form: |
|
|
Principal Activities: |
Manufacturing and sales
of bolt formers, nut formers and parts formers |
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
History
Subject was incorporated on
1988-7-5 with registered number 22965105 as Joint Stock
Company in Taiwan.
Awards
|
Year
|
Awards
|
|
2007 |
Blue
chip importer and exporter |
|
2008 |
Blue
chip importer and exporter |
Standard
of Blue chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2007 |
18,000,000 |
|
2008 |
19,000,000 |
Shareholders
|
Name |
Subscription Shares |
|
1,320,000 |
|
| Dongfeng
Lin |
4,280,000 |
|
1,280,000 |
|
|
600,000 |
|
|
360,000 |
Notes: The information above is that of subject’s
major shareholders.
Subsidiaries &
Branches
Domestic Plant
|
Name |
Jern Yao
Machinery (Shanghai) Co., Ltd |
|
Staff No. |
About 160
Employees |
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Zhengde Cai |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
|
|
Position |
|
|
3 |
|
|
Name |
Zuoxiang Xu |
|
Position |
Director |
|
4 |
|
|
Name |
Jinmei Yang |
|
Position |
Director |
|
5 |
|
|
Name |
|
|
Position |
Director |
|
6 |
|
|
Fuguo Lin |
|
|
Position |
Auditor |
Personnel
Structure
|
Total Employees |
About 200 Employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.109, Shengli Rd., Rende Dist., Tainan City 717, Taiwan (R.O.C.) |
|
Construction
Area |
Production
Information
l
The subject produces bolt
formers, nut formers and parts formers.
l
The subject produces both in Taiwan and
Shanghai.
Purchase
Information
l
The components and raw material for
production are mostly purchased from domestic markets.
l
The subject’s is engaged in sales of
bolt formers, nut formers and parts formers.
l
The subject sells products around the
world.
l
The sales agents are as below:
|
1 |
|
|
Name: |
Truform
Equipment, Inc. |
|
Address: |
5656 W.120th St.
Alsip, IL60803 |
|
Tel: |
+1-708-4890395 |
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Fax: |
+1-708-4890396 |
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E-Mail: |
|
|
Contact
Person: |
Mr. Tom Pavlos |
|
2 |
|
|
Name: |
Lockson
Internationalco. |
|
Address: |
No. 165
Mississaga Street, Oakvilee, Ont. L6L 6J6, Canad |
|
Tel: |
+1-905-8470777 |
|
Fax: |
+1-905-8276508 |
|
E-Mail: |
|
|
Contact
Person: |
Mr. Francis Lee |
|
3 |
|
|
Name: |
J&J
Fasteners Com. Import. Ltda |
|
Address: |
Rua Alvarenga
Peixoto, 131 Vila Anastacio Sao Paulo, Brazil |
|
Tel: |
+55-11-2737-0050 |
|
Fax: |
+55-11-9905-9322 |
|
E-Mail: |
|
|
Contact
Person: |
Mr. Guilherme
(Bill) Joffe |
|
4 |
|
|
Name: |
Rost Group &
Technology Co., Ltd. |
|
Address: |
2F-1, 65,
Hsin-Yi Road, Sec. 3, Taipei, Taiwan |
|
Tel: |
+886-2-2784-5675 |
|
Fax: |
+886-2-2784-5676 |
|
E-Mail: |
|
|
Contact
Person: |
|
|
5 |
|
|
Name: |
Progressa
Machine Utensili |
|
Address: |
Via Caruso
2-20133 Milano, Italy |
|
Tel: |
+39-02-70000318 |
|
Fax: |
+39-02-70000951 |
|
E-Mail: |
|
|
Contact
Person: |
Mr. Corbetta
Luigi |
|
6 |
|
|
Name: |
Osy Ltd. |
|
Tel: |
+81-6-6351-8848 |
|
Fax: |
+81-6-6351-8857 |
|
E-Mail: |
|
|
Contact
Person: |
Mr. Shinji Ohara |
|
7 |
|
|
Name: |
Hyung Sung
Corporation |
|
Address: |
#3BA 727, Sihwa
Industrial Complex, Jungwang-Dong, Siheung-Si,Kyunggi-Do.Korea, 429-450 |
|
Tel: |
+82-31-434-3450 |
|
Fax: |
+82-31-434-3455 |
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E-Mail: |
|
|
Contact
Person: |
Mr.Eric Moon |
Import
and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan
and Mainland, China)
|
Payment Terms |
Proportion |
|
|
bolt formers, nut formers and parts
formers |
COD, etc |
100% |
Foreign Purchase
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
bolt formers, nut formers and parts
formers |
100% |
Export
|
Sales Terms |
Proportion |
|
|
bolt formers, nut formers and parts
formers |
CBD, etc |
100% |
Financial
Information
|
Sales |
|
|
2010 |
About USD 8,000,000 |
Notes: We
obtain the information of subject from public files which is not confirmed by
subject.
Bankers
|
Name |
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 |
Gonghe
Zheng |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.71 |
|
UK Pound |
1 |
Rs.78.09 |
|
Euro |
1 |
Rs.68.05 |
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 |
|
---- |
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.