MIRA INFORM REPORT
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Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
ASIA KINGDOM MACHINERY INDUSTRY CO., LTD. |
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Registered Office : |
No.19, Lane Ho Mei,
Sec.2, Nankan Rd., Luchu Hsiang, Taoyuan Hsien |
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Country : |
Taiwan |
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Date of Incorporation : |
15.04.1987 |
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Com. Reg. No.: |
22479408 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture and sales of dyeing machines |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 30,000 |
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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 |
|
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: |
Asia Kingdom Machinery Industry Co.,
Ltd. |
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Supplied Name: |
Asia Kingdom Machinery Ind. Co. Ltd. |
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Trading Address: |
No.19, Lane Ho Mei, Sec.2, Nankan Rd., Luchu Hsiang, Taoyuan Hsien,
Taiwan, R.O.C. |
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Supplied Address: |
No. 19 Her-Mei Lane Section 2, Nan-Kaan Road, Lu-Jwu Hsiang Taayuan
Hsien, Taiwan |
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Telephone Number: |
+886-3-3222311-7 |
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Fax Number: |
+886-3-3525188 |
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E-mail: |
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
Note: Information on staff number could not be
obtained from subject or other sources.
History
Subject was incorporated on 1987-04-15 with registered
number 22479408 as Limited liability Company in Taiwan.
Standard of dyeing
machines importer and exporter
Unit: USD
|
Year |
Amount |
|
1999 |
20,000,000 |
Shareholders
|
Name |
Subscription Shares |
|
Lin Qingfu |
12,395 |
| Lin
Lixiangmei |
13 |
|
Lin Weiting |
4,546 |
The information
above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Lin Qingfu |
|
Position |
Chairman |
|
2 |
|
|
Name |
Lin Limeixiang |
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Position |
Director |
|
3 |
|
|
Name |
Lin Weiting |
|
Position |
Director |
|
4 |
|
|
Name |
Zheng Linliyun |
|
Position |
Supervisor |
Operation
Information
Offices
& Factories
|
|
Headquarter |
|
Add |
No.19, Lane Ho
Mei, Sec.2, Nankan Rd., Luchu Hsiang, Taoyuan Hsien, Taiwan, R.O.C. |
|
|
|
|
Add |
In Taiwan (details of address unknown) |
Production
Information
l
Subject produces dyeing machines.
l
Subject has a factory in Taiwan.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
CA01050 |
Secondary steel processing industry |
|
CA02050 |
Valve manufacturing |
|
CA02060 |
Manufacture on metal containers |
|
CA02990 |
Manufacture of other metal products |
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CA04010 |
Surface treatment industry |
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CB01010 |
Manufacture of machinery equipment |
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F213080 |
Retailing of machinery |
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F401010 |
International trade |
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 Taiwan.
l
Subject is engaged in the sales of dyeing machines.
l
Subject has sales offices in Mainland of China.
l
Subject has both domestic and foreign markets.
Major products
sold
|
Product |
Sales Region |
|
Dyeing machines |
Taiwan |
|
Dyeing machines |
Mainland of China |
|
Dyeing machines |
Asian, American, European countries |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
Raw materials |
CBD, etc. |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Dyeing machines |
CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Dyeing machines |
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 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. Zheng |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.87 |
|
UK Pound |
1 |
Rs.79.73 |
|
Euro |
1 |
Rs.69.52 |
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 |
---- |
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.