MIRA INFORM REPORT
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Report Date : |
30.09.2011 |
IDENTIFICATION DETAILS
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Name : |
KING ULTRASONIC CO., LTD. |
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Registered Office : |
No.8, Wu Kung 5th Rd.,
Hsin Chuang, New Taipei City |
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Country : |
Taiwan |
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Date of Incorporation : |
05.07.1979 |
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Com. Reg. No.: |
35964655 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of ultra sonic machinery, 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 80,000 |
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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) |
|
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.8, Wu Kung 5th Rd., Hsin Chuang, New
Taipei City, Taiwan R.O.C. |
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Supplied Address: |
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Telephone Number: |
+886-2-2298-0299 |
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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
Shareholders
|
Name |
Subscription Shares |
|
Qingfen Li |
797,694 |
|
Liming Wu |
|
|
738,436 |
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Shengfa Ye |
756,642 |
|
Yongchang Wei |
397,147 |
|
Shounan Huang |
81,150 |
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Mingjun Li |
490,875 |
|
Xunzheng Lin |
357,564 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
It is introduced
that subject has a cooeprative factory in Shanghai, while the details are not
disclsoed.
Personnel Information
Core
Management
|
1 |
|
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Name |
Qingfen Li |
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Position |
Board Chairman |
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2 |
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Name |
Liming Wu |
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Position |
Director |
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3 |
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Name |
Shengfa Ye |
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Position |
Director |
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4 |
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Name |
Yongchang Wei |
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Position |
Director |
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5 |
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|
Name |
Shounan Huang |
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Position |
Director |
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6 |
|
|
Name |
Mingjun Li |
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Position |
Supervisor |
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7 |
|
|
Name |
Xunzheng Lin |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 100 employees |
Operation
Information
Offices
& Factories
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|
Headquarters |
|
Add |
No.8, Wu Kung 5th Rd., Hsin Chuang, New Taipei City, Taiwan R.O.C. |
Production
Information
l
Subject is a manufacturer of ultra sonic machinery, etc.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
|
Design, manufacture, processing and sales of
Ultrasonic plastic welding machine, Ultrasonic scaler, cleaner, Jiashi plane,
cosmetic instrument, detector and other
related equipment, etc |
|
CF01011 |
Manufacture of medical equipment and supply |
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CC01030 |
Manufacture of electronic appliance |
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CE01010 |
Manufacture of general instrument |
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F113030 |
Wholesales of precise
instrument |
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F213040 |
Retails of precise
instrument |
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CC01080 |
Manufacture of electronic
building brick |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchase both at home and abroad and it is introduced
that the basic components are purchased from Taiwan and some components are
purchased from Germany and Japan.
Sales
Information
l
The subject is mainly engaged in sales of f ultra sonic machinery
l
Subject has its own brand
named “KSONIC”
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject exports to other countries in
Asia, Europe, and America. It has direct export business and also sells its
machinery through agents in other countries.
Major products
sold
|
1 |
Plastic Welding Equipment |
|
2 |
Fabric Processing Equipment |
|
3 |
Health And Beauty Products |
|
4 |
Semiconductor
Washing Equipment |
|
5 |
Metal Welding Equipment |
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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Components, etc |
COD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Components, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Ultra Sonic Machinery,
etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Ultra Sonic Machinery,
etc |
CBD, etc |
100% |
Notes: Subject’s settlement for export is generally in USD
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. Xiao declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Bankers
Subject declined to disclose its bank details; 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
Up to date of reporting,
no existing or latent litigation of the subject has been found.
Interview
Details
|
Name |
Ms. Xiao |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.93 |
|
UK Pound |
1 |
Rs.76.52 |
|
Euro |
1 |
Rs.66.65 |
RATING EXPLANATIONS
|
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 |
|
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.