MIRA INFORM REPORT
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Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
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Name : |
CHENS KINGSHIP CO., LTD. |
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Registered Office : |
5F-2, No.200, Chung Ming Rd., Taichung |
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Country : |
Taiwan |
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Date of Incorporation : |
8.06.1995 |
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Com. Reg. No.: |
89545069 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of moulds, etc |
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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Maximum Credit Limit : |
USD 40,000 |
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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 |
|
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: |
Chens Kingship Co., Ltd. |
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Supplied Name: |
Chens Kingship Co Ltd. |
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Trading Address: |
5-F-2, No. 200, Chung Ming Road, Taichung 4046,TW |
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Supplied Address: |
5-F-2, No. 200, Chung Ming Road, Taichung 4046,TW |
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Telephone Number: |
+886-4-2326-8683 |
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Fax Number: |
+886-4-2320-7883 |
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
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Registered Name: |
Chens Kingship Co., Ltd. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
89545069 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2011.10, 1 NTD = 0.0332 USD) |
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Paid-up Capital: |
NTD 23,100,000 (USD 766,920) |
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Legal Representatives: |
Lijuan Chen |
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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: |
Notes: The staff information is estimated and only
for reference.
History
Subject was incorporated on
Shareholders
|
Name |
Subscription Shares |
|
Lijuan Chen |
550,000 |
| Liming
Cai |
550,000 |
|
Maorong Lin |
550,000 |
|
Wenkui Liu |
110,000 |
|
Shiming Chen |
110,000 |
|
Xiunai Chenxiao |
275,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
It is introduced that subject has an office in Guangdong, the mainland of
China, while the details are not disclosed.
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Lijuan Chen |
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Position |
Board Chairman |
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2 |
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|
Name |
Liming Cai |
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Position |
Director |
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3 |
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Name |
Maorong Lin |
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Position |
Director |
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4 |
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Name |
Wenkui Liu |
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Position |
Director |
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5 |
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|
Name |
Shiming Chen |
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Position |
Director |
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6 |
|
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Name |
Xiunai Chenxiao |
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Position |
Supervisor |
Operation
Information
Offices
& Factories
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Headquarters |
|
Add |
Production
Information
l
Subject is composed of mold making factory,
injection factory and trading company
Purchase
Information
l
The registered activities of subject:
|
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General Import and export trading business
Besides licensed business |
l
Subject purchases raw materials both at home and
abroad.
l
The subject is mainly engaged in sales of moulds for
electrical appliances (air conditioners, refrigerators, washing machines, fans,
etc), and furniture products (tables, chairs, crates, closets, etc.)
l
Subject’s products are mainly sold in overseas
market, while the domestic customers are not declined.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials |
COD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Raw materials |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Moulds |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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|
Moulds |
CBD, etc |
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 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
|
Department |
Sales Department |
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 |
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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.