MIRA INFORM REPORT
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Report Date : |
08.09.2011 |
IDENTIFICATION DETAILS
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Name : |
ASIATECH CO., LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
24.01.1989 |
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Com. Reg. No.: |
23155899 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of different kinds of plastics |
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 125,000 |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
Notes:
The supplied address is not accurate, and the exact address is 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: |
Asiatech Co., Ltd. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
23155899 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2011.09, 1 NTD = 0.03417 USD) |
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Paid-up Capital: |
NTD10,000,000 (USD341,674) |
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Legal Representatives: |
Yicheng Zhuang |
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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
Shareholders
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Subscription Amount |
|
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Yicheng Zhuang |
449,000 |
| Shengchang
Lu |
448,000 |
|
Yiqin Zhuang |
1,000 |
|
Xialian Linzhuang |
1,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
1 |
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Name |
Yicheng Zhuang |
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Position |
Board Chairman |
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2 |
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Name |
Shengchang Lu |
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Position |
Director |
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3 |
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Name |
Yiqin Zhuang |
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Position |
Director |
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4 |
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Name |
Xialian
Linzhuang |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 30 Employees. |
Operation
Information
Offices
& Factories
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|
Headquarters |
|
Add |
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Production
Information
l
Subject is a trader of different kinds of plastics
with a little production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International trade |
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C801100 |
Synthetic resin and plastic manufacturing |
l
The components and raw material for production are
mostly purchased from abroad.
l
Subject is mainly involved in trading different kinds
of composite plastics, such as abrasion resistant plastics, electric conductive
plastics and so on.
l
Subject is the distributor of RTP of America. And
most of the products are from RTP, and it also can manufacture the products if
the require is special.
l
Subject’s selling territory is all over the world,
such as Singapore, Malaysia, and so on.
l
Subject introduced that there’s an office in
Guangdong, Mainland of China, and the office helps subject in Taiwan handle the
orders in Mainland of China.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan and Mainland, China)
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Payment Terms |
Proportion |
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Composite Plastics |
COB, etc. |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Composite Plastics |
T.T in advanced, L/C, etc. |
100% |
Sales
Domestic Markets (China)
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Sales Terms |
Proportion |
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Composite Plastics |
COB, etc. |
100% |
Export
|
Sales Terms |
Proportion |
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Composite Plastics |
T.T in advanced, L/C, 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 Wu declined to discloses its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Bankers
The banker’s information is not available from the subject or other
sources.
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. Wang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.02 |
|
UK Pound |
1 |
Rs.73.61 |
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Euro |
1 |
Rs.64.78 |
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 |
|
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 |
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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.