MIRA INFORM REPORT
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Report Date : |
21.04.2012 |
IDENTIFICATION DETAILS
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Name : |
MENG SIN MATERIAL CO., LTD. |
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Registered Office : |
No.16, |
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Country : |
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Date of Incorporation : |
24.02.2005 |
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Com. Reg. No.: |
27218804 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and sales of metal products |
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No. of Employees
: |
About 80 Employees |
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 40,000 |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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: |
No.16, Ching Chin Rd., Fang Liao Township, Ping Tung County, Taiwan,
R.O.C. |
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Supplied Address: |
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Telephone Number: |
+886-7-7529918 |
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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: |
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Registered Name: |
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Registered Address: |
No.16, Ching
Chin Rd., Fang Liao Township, Ping Tung County, Taiwan, R.O.C. |
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Date of Foundation: |
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Registration Number: |
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Registry: |
MOEA Central
Office |
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Registered Capital: |
NTD 48,000,000 (USD 1,584,000) (As of 2012.04,
1 NTD = 0.033 USD) |
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Legal Representatives: |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
Subject was incorporated on
2005-2-24 with registered number 27218804 as Private Limited Liability Company in
Taiwan.
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Former
English Name |
Meng
Sin Metals Co., Ltd. |
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Current
English Name |
Meng Sin Material Co., Ltd. |
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Name |
Subscription Amount |
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10,976,510 |
The information above is that of subject’s major shareholders.
Branches:
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Name |
Kaohsiung Branch |
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Address: |
1/F., No.15, Wen-Bin Road Sanmin Dist., Kaohsiung City, Taiwan |
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Manager: |
Zhende Cai |
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Registration Number: |
53823686 |
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Date of Last
Annual Return: |
2012-3-28 |
Core
Management
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Name |
|
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Position |
Director |
Personnel
Structure
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Total Employees |
About 80 Employees |
Offices
& Factories
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Headquarters |
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Add |
No.16, Ching Chin Rd., Fang Liao Township, Ping Tung County, Taiwan,
R.O.C. |
Production
Information
l
Subject produces metal products
and has its factory in Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CA01050 |
Steel secondary processing industry |
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CA02010 |
Manufacturing of metal structures and
architectural elements |
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CA02990 |
Other metal products manufacturing |
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CA04010 |
Surface treatment industry |
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CB01010 |
Machinery and Equipment Manufacturing |
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F113010 |
Machinery wholesale industry |
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H703100 |
Real estate leasing industry |
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 markets.
l
Subject has a little proportion for import.
l
The subject is mainly engaged in manufacturing,
processing and sales of metal products.
l
Subject’s products include PVC,PET-PVC,PVF Laminated
Steel, Pre-printed, SMP, SVP,PVDF Steel, PCM Steel, whiteboard, blackboard,
Electric Galvanized Steel, Galvanized Steel; Cold Rolled Steel, etc.
l
Subject has both domestic and foreign markets.
l
The subject exports around the
world according to orders.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase (Taiwan and Mainland, China)
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Payment Terms |
Proportion |
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Raw material |
COD, etc |
100% |
The subject seldom imports.
Sales
Domestic Markets
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Sales Terms |
Proportion |
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CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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Metal products |
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 declined to disclose its financials citing the
grounds of company’s confidentiality; from other source we cannot obtain the
relevant information, either.
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Name |
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. Cai |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.99 |
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UK Pound |
1 |
Rs.83.54 |
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Euro |
1 |
Rs.63.40 |
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.