MIRA INFORM REPORT
|
Report Date : |
03.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
LIEN KUO METAL INDUSTRIAL CO., LTD. |
|
|
|
|
Registered Office : |
1f, No.19, Bao-An Rd.,
Yong'an Dist., |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
09.11.1981 |
|
|
|
|
Com. Reg. No.: |
76358653 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Process and trade
of stainless steel products and the related products |
|
|
|
|
No. of Employees
: |
40 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 40,000 |
|
Status : |
Moderate |
|
Payment
Behaviour : |
No Complaints |
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.19, Bao-An Rd., Yong-An Township,
Kaohsiung County 828, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
|
|
Fax Number: |
|
|
E-mail: |
Notes:
The supplied name and address are incomplete, and the exact name and address are as above.
|
Credit Rating: |
|
|
Credit Opinion: |
Subject was incorporated on
Awards
|
Year |
Awards |
|
2008 |
Blue chip
importer and exporter |
|
2009 |
Blue chip
importer and exporter |
|
2010 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
|
Subscription Shares |
|
|
Liqin Yan WU |
4,307,151 |
|
Minghui Wu |
|
|
4,406,905 |
|
|
Mengyu Wu |
5,641,454 |
|
Yufang Wu |
39,645 |
The information above
is that of subject’s major shareholders.
Core
Management
|
1 |
|
|
Name |
Liqin Yan WU |
|
Position |
Board of
Chairman |
|
2 |
|
|
Name |
Minghui Wu |
|
Position |
Director |
|
3 |
|
|
Name |
Mengyu Wu |
|
Position |
Director |
|
4 |
|
|
Name |
Yufang Wu |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 40 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.19, Bao-An Rd., Yong-An Township, Kaohsiung County 828, Taiwan
(R.O.C.) |
l
Subject is a processor of stainless steel products
with the production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CA01100 |
Rolling, drawing and forming the aluminum
products |
|
F106010 |
Wholesale of hardware |
|
F111090 |
Wholesale of building material |
|
F401010 |
International trade |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The components and raw material for production are
mostly purchased from abroad.
l
Subject is mainly engaged in processing and trading
of stainless steel products and related products.
l
Subject introduced that its main products include
prime and second choice 200, 300 and 400 series stainless steel products.
l
Subject introduced that according to the clients’
requests, it also supplies the services, such as blanking, cut to length,
decoiling, slitting, surface polishing, PVC/PE coating and CNC cutting.
l
Subject sells the products to both domestic and
overseas market.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Subject declined to disclose the settlements information, and from other
sources, we couldn’t obtain the information, either.
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 disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
The bankers’ information is not available from the subject or other
sources.
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.
|
Name |
Ms. Wu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.16 |
|
UK Pound |
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.68.34 |
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.