MIRA INFORM
REPORT
|
Report Date : |
23.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
VENUS PLASTIC MACHINERY CO LTD. |
|
|
|
|
Registered Office : |
No.7, Gungye 1st Rd., Shingnan Village, Minshiung
Township, Chia-Yi County |
|
|
|
|
Country : |
Taiwan |
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|
|
|
Date of Incorporation : |
07.04.1999 |
|
|
|
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Com. Reg. No.: |
16886390 |
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|
|
Legal Form : |
Joint Stock Company |
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|
|
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Line of Business : |
Manufacturing and sales
of rubber machines |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 50,000 |
|
|
|
|
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) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Contact
Points
|
Company Name: |
Venus Plastic
Machinery Co Ltd. |
|
Supplied Name: |
Venus Plastic Machinery Co Ltd. |
|
Trading Address: |
No.7, Gungye 1st Rd., Shingnan Village,
Minshiung Township, Chia-Yi County, Taiwan, R.O.C. |
|
Supplied Address: |
No. 7, Gungye 1st Rd., Shingnan Tsuen, ming
Shung, Shian, Chia-Yi Hsien, Taiwan |
|
Telephone Number: |
+886-5-220-5511 |
|
Fax Number: |
+886-5-220-6611 |
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
Venus Plastic Machinery Co., Ltd. |
|
Registered
Address: |
No.7, Gungye 1st Rd., Shingnan Village,
Minshiung Township, Chia-Yi County, Taiwan, R.O.C. |
|
Date of
Foundation: |
1999-4-7 |
|
Registration
Number: |
16886390 |
|
Registry: |
MOEA Central Office |
|
Registered
Capital: |
(As of 2011.09, 1 NTD = 0.0327 USD) |
|
Paid-up Capital: |
NTD 10,000,000 (USD 327,000) |
|
Legal
Representatives: |
Shufen Ye |
|
Legal Form: |
|
|
Principal
Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
History
Subject was incorporated on 1999-4-7 with registered number 16886390
as Joint Stock Company in Taiwan.
Shareholders
|
Name |
Subscription
Shares |
|
Shufen Ye |
200,000 |
| Hongjie Ye |
150,000 |
|
Hongzhang
Ye |
200,000 |
|
Yasong
Zhang |
|
Notes:
The information above is
that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core Management
|
1 |
|
|
Name |
Shufen Ye |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Hongjie Ye |
|
Position |
Director |
|
3 |
|
|
Name |
Hongzhang Ye |
|
Position |
Director |
|
4 |
|
|
Name |
Yasong Zhang |
|
Position |
Auditor |
Personnel Structure
|
Total Employees |
More
than 20 Employees |
Operation
Information
Offices & Factories
|
|
Headquarters
|
|
Add |
No.7, Gungye 1st
Rd., Shingnan Village, Minshiung Township, Chia-Yi County, Taiwan, R.O.C. |
l
The
subject produces rubber machines.
l
The
subject produces in Taiwan.
Purchase Information
l
The raw material
for production is mostly purchased from domestic markets.
l
The
subject’s is engaged in sales of rubber
machines.
l
The
subject sells products around the world.
Import and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase (Taiwan and Mainland, China)
|
Payment
Terms |
Proportion |
|
|
Raw
Materials |
COD,
etc |
100% |
Foreign
Purchase
Sales
Domestic
Markets (Taiwan)
|
Sales
Terms |
Proportion |
|
|
Rubber machines |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Rubber machines |
CBD,
etc |
100% |
Financial
Information
|
Sales |
|
|
2010 |
About
USD 5,000,000 |
Notes: We obtain the information of subject from public
files which is not confirmed by subject.
Bankers
|
Name |
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 |
Hongzhang Ye |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
|
UK Pound |
1 |
Rs.75.48 |
|
Euro |
1 |
Rs.66.10 |
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 |
|
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 |
|
---- |
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.