MIRA INFORM REPORT
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Report Date : |
06.04.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
YUAN-KING MACHINERY CO., LTD. |
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Registered Office : |
No.46, Lane 488, |
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Country : |
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Date of Incorporation : |
15.08.1996 |
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Com. Reg. No.: |
97192052 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacture and trading of tire machinery and equipment, etc. |
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No. of Employees
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About 10 Employees (Office) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 50,000 |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
Office No. 46 Lane 488 Shin Sheng Rd., Yuan
Lin Chang Hwa Taiwan |
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Telephone Number: |
+886-4-8316936 |
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Fax Number: |
Notes:
The exact subject’s address is as above mentioned.
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Credit Rating: |
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Credit Opinion: |
Subject was incorporated on 1996-8-15 with registered
number 97192052 as Private
Limited Liability Company in Taiwan.
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Name |
Subscription Amount |
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Zisong Huang |
1,000,000 |
The information above is that of subject’s major shareholders.
Core
Management
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Name |
Zisong Huang |
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Position |
Director |
Personnel
Structure
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Total Employees |
About 10 Employees
(Office) |
Offices
& Factories
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Headquarters |
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Add |
Production
Information
l
Subject produces tire machinery and equipment, etc.
l
Subject has its factory in Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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1 |
Manufacture, process and trading of industrial
machinery and parts |
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2 |
Manufacture, process and trading of automated
machinery |
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3 |
Manufacture, process and trading of a variety of
bags, nylon bags, travel bags |
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4 |
Import and export of above products |
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5 |
Agent and foreign manufacturers of products
offer, tender and distribution business |
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 domestic.
l
Subject seldom imports.
l
The subject is mainly engaged in manufacturing and
processing of various tire machinery
and equipment, etc.
l
Subject’s products
include tire equipment, tube equipment, peripherals.
l
Subject has both domestic
and foreign markets.
l
Subject mainly exports to
Southeast Asia, Pakistan, Bangladesh, India, etc.
l
Subject can also export
to other countries through foreign trading companies.
l
The subject has a major
proportion for export.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
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Payment Terms |
Proportion |
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Components and raw material |
COD, CBD, etc. |
100% |
Foreign Purchase
Notes: Subject seldom imports.
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Tire machinery and
equipment, etc. |
CBD, etc. |
100% |
Export
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Sales Terms |
Proportion |
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Tire machinery and
equipment, etc. |
CBD, etc. |
100% |
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. Huang declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
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.
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Name |
Ms. Huang |
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E-mail |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.05 |
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UK Pound |
1 |
Rs.81.09 |
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Euro |
1 |
Rs.67.39 |
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 |
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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.