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Report Date : |
12.04.2012 |
IDENTIFICATION DETAILS
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Name : |
FONG KEE INTERNATIONAL MACHINERY CO., LTD. |
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Registered Office : |
No.168, |
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Country : |
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Date of Incorporation : |
02.03.1966 |
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Com. Reg. No.: |
68928408 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trading of plastic extrusion
machinery and equipment, etc. |
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No. of Employees : |
190 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Satisfactory |
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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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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: |
No.168, Cheng Pei First Rd., Yongkang Dist.,
Tainan City 710, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-6-2532157 |
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Fax Number: |
Notes:
The exact subject’s name and address are as above mentioned.
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Credit Rating: |
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Credit Opinion: |
Subject was incorporated on 1966-3-2 with registered number 68928408 as Joint Stock Company in Taiwan.
Change of Name
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Former English Name |
Fong Kee Iron Works Co., Ltd. |
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Current English Name |
Fong Kee International Machinery Co., Ltd. |
Awards
|
Year |
Awards |
|
2008 |
Blue chip importer and exporter |
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2009 |
Blue chip importer and exporter |
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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 |
|
Name |
Subscription Shares |
|
Canwen Wei |
3,335,500 |
|
Canren Wei |
|
|
3,687,000 |
|
|
Zongxiu Wei |
958,000 |
|
Tingying Wei |
858,500 |
|
Shuzhen Wei |
2,744,500 |
The information
above is that of subject’s major shareholders.
Core
Management
Directors
|
1 |
|
|
Name |
Canwen Wei |
|
Position |
Chairman |
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Date of
Appointment |
2012-2-6 |
|
2 |
|
|
Name |
Canren Wei |
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Position |
Director |
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3 |
|
|
Name |
Zongxiu Wei |
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Position |
Director |
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4 |
|
|
Name |
Tingying Wei |
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Position |
Director |
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5 |
|
|
Name |
Shuzhen Wei |
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Position |
Supervisor |
Personnel
Structure
|
Total
Employees |
About 190
Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.168, Cheng Pei First Rd., Yongkang Dist., Tainan City 710, Taiwan
(R.O.C.) |
Production
Information
l
Subject produces plastic extrusion
machinery and equipment, etc.
l
Subject has its factory in Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
E599010 |
Piping engineering industry |
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F107170 |
Wholesale trade of industrial additives |
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F113010 |
Machinery wholesale industry |
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F113990 |
Other Machinery and Equipment |
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F207170 |
Industrial additives retail |
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F213080 |
Machinery and Equipment Retail |
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F213990 |
Other mechanical appliances retail |
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F401010 |
International trade |
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CB01010 |
Machinery and Equipment Manufacturing |
|
CB01990 |
Other machinery manufacturing |
|
C805010 |
Imitation leather, cloth, plate, pipe
manufacturing |
|
C805020 |
Plastic film, bags manufacturing |
|
F107990 |
Other chemical products, wholesale trade |
|
F207990 |
Other chemical products retail |
|
F107190 |
Plastic film, bags wholesale trade |
|
F207190 |
Plastic film, bags retail |
Besides licensed business, all other business items those are not banned
or restricted.
l
The components and raw material for production are
purchased from both domestic and abroad.
l
The subject has a
proportion of 50% for Import
l
The subject is mainly engaged in
manufacturing, processing and trading of plastic extrusion machinery and
equipment.
l
Subject’s machineries include Blow Moulding, Blown
Film, Cast Film, Sheet Making, Lamination Machine, etc.
l
Subject makes technology exchange with excellent
manufacturer in Japan, Europe, and the U.S. regularly.
l
Subject has both domestic and foreign markets.
l
Subject exports all over the world according to
customers’ orders.
l
The subject has a
proportion of 50% for export.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw material |
COD, CBD, etc. |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw material |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Plastic extrusion machinery and
equipment. |
CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Plastic extrusion machinery and equipment. |
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 Mr. Li 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.
|
Name |
Mr. Li |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.54 |
|
|
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.67.56 |
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 |
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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 |
|
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 |
|
<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.