MIRA INFORM
REPORT
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Report Date : |
22.09.2011 |
IDENTIFICATION DETAILS
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Name : |
NKM INC. |
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Formerly Known As : |
NKM CO., LTD. |
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Registered Office : |
1F., No.315, Hemu Rd., Shengang Dist., Taichung City 429 |
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Country : |
Taiwan |
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Date of Incorporation : |
25.08.2006 |
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Com. Reg. No.: |
28388209 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales
of Light Fixtures, etc |
RATING & COMMENTS
|
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 80,000 |
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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, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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: |
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Supplied Name: |
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Trading Address: |
No. 21 Sinsing Road Sinzhuang Shengang-Taichung 42953 Taiwan (Formosa),
Taiwan |
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Supplied Address: |
No. 21 Sinsing Road Sinzhuang Shengang-Taichung 42953 Taiwan (Formosa),
Taiwan |
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Telephone Number: |
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Fax Number: |
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E-mail: |
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
History
Subject was incorporated on
Change of Name
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Former Chinese
Name |
東喬興業有限公司 |
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Current Chinese
Name |
東喬興業股份有限公司 |
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Former English
Name |
NKM CO., LTD. |
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Current English
Name |
NKM INC. |
Shareholders
|
Name |
Subscription Shares |
|
Antonio Lin |
2,550,000 |
|
Qiaoli Yang |
|
|
450,000 |
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The information above is that of subject’s
major shareholders.
Subsidiaries &
Branches
Other Address:
|
Address: |
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Personnel
Information
Core Management
|
1 |
|
|
Name |
Antonio Lin |
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Position |
Board Chairman |
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Date of Appointment: |
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2 |
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|
Name |
Qiaoli Yang |
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Position |
Director |
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3 |
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|
Name |
Lixing Chen |
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Position |
Director |
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4 |
|
|
Name |
Jinxiu Zhou |
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Position |
Supervisor |
Personnel Structure
|
Total Employees |
About
60 employees |
Operation
Information
Offices & Factories
|
|
Headquarters
|
|
Add |
No. 21 Sinsing
Road Sinzhuang Shengang-Taichung 42953 Taiwan (Formosa), Taiwan |
l
Subject
is a manufacturer of light fixtures,
etc
l
It is
introduced that subject can supply OEM Service.
Purchase Information
l
The
registered activities of subject:
|
Business
Code |
Details |
|
CA02990 |
Manufacture
of other metal products |
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CC01040
|
Manufacture
of light fixtures |
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CN01010
|
Manufacture
of furniture and ornaments |
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F106010
|
Wholesales
of hardware |
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F113020
|
Wholesales
of electrical equipment |
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F105050 |
Wholesales
of furniture, bedding
products, Kitchen ware, and ornaments, etc |
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F199990 |
Other
Wholesales Business |
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F401010 |
International
Trading Business |
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ZZ99999 |
Besides
licensed business, all other business items those are not banned or
restricted. |
l
It is
introduced that subject purchases raw materials mainly from Taiwan.
Sales Information
l
The
subject is mainly engaged in sales of light fixtures and its major products are
Aluminum light fixtures
l
Subject’s
products are mainly sold to overseas market and subject exports to Europe, etc
l
Subject’s
general delivery date is 3 months after order.
Import and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase (Taiwan)
|
Payment
Terms |
Proportion |
|
|
Raw
materials |
COD,
Credit Sales, etc |
100% |
Foreign
Purchase
Subject has little
import business.
Sales
Domestic
Markets
Subject has little
domestic sales.
|
Sales
Terms |
Proportion |
|
|
Light
Fixtures |
20%~30% prepayment, the rest before
delivery, 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 Iris declined to disclose its financials citing the grounds of company’s
confidentiality; from other source we can not obtain the relevant information,
either.
Bankers
|
Name |
Mega International Commercial Bank |
|
Address |
Taiwan |
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 |
Iris |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.89 |
|
UK Pound |
1 |
Rs.75.31 |
|
Euro |
1 |
Rs.65.64 |
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.