MIRA INFORM REPORT
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Report Date : |
31.10.2011 |
IDENTIFICATION DETAILS
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Name : |
ORIGINAL SUN WIRE ROPE ENTERPRISE CO., LTD. |
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Registered Office : |
No.133-9, Pingding , Pingding Li,, Tongsiao Town, Miaoli County 357 |
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Country : |
Taiwan |
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Date of Incorporation : |
09.06.1986 |
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Com. Reg. No.: |
22203438 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacture and sales
of stainless steel cable, fine wire rope, air cable, nylon coated, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 10,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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) |
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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: |
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Supplied Name: |
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Trading Address: |
No.133-9, Pingding , Pingding Li,, Tongsiao
Town, Miaoli County 357, Taiwan (R.O.C.) |
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Supplied Address: |
B O Box 357, No 133-9 Pingding, Pingding Li,
Tongshiao, Miaoli Taiwan |
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Telephone Number: |
+886-37-782117/37-782116 |
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Fax Number: |
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
Note: Information on staff number is not available
from subject or other sources.
History
Subject was incorporated on 1986-06-09 with registered
number 22203438 as Private
Limited Liability Company in Taiwan.
Shareholders
|
Name |
Subscription Shares |
|
Huang Wenping |
3,300 |
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Huang Huoqin |
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|
2,100 |
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Huang Wenyang |
6,300 |
|
Huang Hanyuan |
2,440 |
The information
above is that of subject’s major shareholders.
Personnel
Information
Core
Management
|
Name |
Huang Wenping |
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Position |
Chairman |
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2 |
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Name |
Huang Huoqin |
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Position |
Director |
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3 |
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Name |
Huang Wenyang |
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Position |
Director |
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4 |
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Name |
Huang Hanyuan |
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Position |
Supervisor |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.133-9,
Pingding , Pingding Li,, Tongsiao Town, Miaoli County 357, Taiwan (R.O.C.) |
Production
Information
l
Subject has a factory in Taiwan.
l
Subject produces stainless steel cable, fine wire rope, air cable, nylon coated, etc.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Manufacture, process, sales, import and export
of Cable, copper, steel wire (12m/m except
for the following rolling), copper wire, copper wire |
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2 |
Manufacture, process, sales, import and export of
Steel wire (12m/m except for the following rolling) copper wire (12m /m
except for the following rolling) of the extension cord |
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3 |
Manufacture, process, sales, import and export of
the above hardware, mechanical |
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 area.
l
The subject is mainly engaged in sales of stainless steel cable, fine wire
rope, air cable, nylon coated, etc.
l
The subject has a
proportion of 50% for export.
l
The subject has both domestic and foreign markets.
Major products
sold
|
Product |
Sales Region |
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Stainless steel cable,
fine wire rope, air cable, nylon coated, etc. |
Taiwan |
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Stainless steel cable,
fine wire rope, air cable, nylon coated, etc. |
Mainland of China |
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Stainless steel cable, fine
wire rope, air cable, nylon coated, etc. |
Asian, European, American countries |
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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Raw materials |
CBD, etc. |
100% |
Foreign Purchase
Note: Subject seldom purchases from foreign markets.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
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Stainless steel cable,
fine wire rope, air cable, nylon coated, etc. |
CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
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Stainless steel cable,
fine wire rope, air cable, nylon coated, 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. Huang 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
|
92, Miao Jian, 184 |
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Court Date: |
2003-02-27 |
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Reason: |
Taiwan Area and Mainland Area relations between the peoples |
Interview
Details
|
Name |
Ms. Huang |
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E-mail |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
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UK Pound |
1 |
Rs.78.57 |
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Euro |
1 |
Rs.69.29 |
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 |
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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 |
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<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.