MIRA
INFORM REPORT
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Report Date : |
02.09.2011 |
IDENTIFICATION DETAILS
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Name : |
HOLY YOUNG CO LTD. |
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Registered Office : |
6F., No.9, |
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Country : |
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Date of Incorporation : |
03.08.1973 |
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Com. Reg. No.: |
35880311 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and Sales of Glue |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 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 – March 31st, 2010
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
|
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: |
6F., No.9, |
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Supplied Address: |
6F O9 De Hui St |
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Telephone Number: |
+886-2-25954321 |
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Fax Number: |
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
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Registered Address: |
6F., No.9, |
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Date of Foundation: |
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Registration Number: |
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Registry: |
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Registered Capital: |
NTD 50,000,000 (USD
1,720,000) (As of 2011.09,
1 NTD = 0.0344 USD) |
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Paid-up Capital: |
NTD 50,000,000
(USD 1,720,000) |
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Legal Representatives: |
Shiwen Li |
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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
1973-8-3 with registered number 35880311 as Joint Stock Company
in
|
Former
English Name |
Airfox
Co., Ltd. |
|
Current
English Name |
Holy Young Co Ltd. |
Shareholders
|
Name |
Subscription Shares |
|
Liuhe Co., Ltd |
1,400,400 |
|
Yuanhe Co., Ltd |
|
|
1,849,600 |
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|
600,000 |
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|
535,000 |
Notes: The information above is that of subject’s
major shareholders.
Subsidiaries &
Branches
Personnel Information
Directors
|
1 |
|
|
Name |
Shiwen Li |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Deyi Li |
|
Position |
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3 |
|
|
Name |
Jingwen Liu |
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Position |
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4 |
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Name |
Zhaoxiong Zhang |
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Position |
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5 |
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Name |
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Position |
Director |
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6 |
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Name |
Qiyuan Zhang |
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Position |
Auditor |
Personnel Structure
|
Total Employees |
More than 5 Employees |
Operation
Information
Offices & Factories
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|
Headquarters |
|
Add |
Production Information
l
Subject produces glue.
l
The subject produces in
Purchase Information
l
The raw material for production is
mostly purchased from domestic markets.
l
The subject is mainly engaged in sales
of glue.
l
The subject
sells products around the world.
Import
and export right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase (
|
Payment Terms |
Proportion |
|
|
Raw material |
COD, etc |
100% |
The subject seldom imports.
Sales
Domestic Markets (
|
Sales Terms |
Proportion |
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|
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Glue |
CBD, etc |
100% |
Financial
Information
|
Year |
Sales |
|
2010 |
About USD 4,000,000 |
Notes: The information is from introduction.
Bankers
|
Name |
Taiwan Bank |
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 |
Weicheng Li |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.01 |
|
|
1 |
Rs.75.42 |
|
Euro |
1 |
Rs.66.69 |
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 |
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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 |
|
<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.