MIRA INFORM REPORT
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Report Date : |
24.04.2012 |
IDENTIFICATION DETAILS
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Name : |
QUEEN CERAMIC INCORPORATION |
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Registered Office : |
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Country : |
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Date of Incorporation : |
27.09.1995 |
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Com. Reg. No.: |
89711616 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of ceramic materials, etc |
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No. of Employees
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Not Available |
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 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 – 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: |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes: subject’s exact name and address are as above.
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Credit Rating: |
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Credit Opinion: |
Notes: subject did not introduce its staff number;
from other source we can not obtain the relevant information, either.
Subject was incorporated on
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Name |
Subscription Shares |
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Mingfeng Lai |
11,843,000 |
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Zhengting Lai |
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480,000 |
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Daian Wang |
1,677,000 |
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Ruyu Wu |
4,860,000 |
The information above is that of subject’s major shareholders.
Related Offices
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YINGGE OFFICE No.195-1, Zhongzheng 3rd Rd., Yingge Town, Taipei
County 239, Taiwan (R.O.C.) FAX: +886-2-26781097 MIAOLI OFFICE No.8, Alley 13, Lane 504, Xinyi Rd., Toufen Town,
Miaoli County 351, Taiwan (R.O.C.) Taichung OFFICE No.468, Sec. 1, Zhongqi Rd., Wuqi Township,
Taichung County 435, Taiwan (R.O.C.) FAX: +886-4-26626685 KAOSHIUNG OFFICE
FAX: +886-7-5588761 SHANGHAI OFFICE No.3550 She Bei Rd. Zhao Xian Village, Ching Pu district,
Shanghai City, China FAX: +86-7578-7230100 |
Factories
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LUNG TAN FACTORY, TAIWAN No.11, Nan Wo Kou, Kao Ping Village, Lung Tan
Hsiang, Tao Yuan Country325, Taiwan(R.O.C.) FAX: +886-3-4718367 SHAN SHUE FACTORY, CHINA Lu Bao Industrial Developing Area, Shan-Shue
District, Fo-Shan city, FAX: +86-7578-7230100 |
Core Management
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1 |
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Name |
Mingfeng Lai |
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Position |
Board Chairman |
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2 |
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Name |
Zhengting Lai |
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Position |
Director |
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3 |
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Name |
Daian Wang |
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Position |
Director |
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4 |
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Name |
Ruyu Wu |
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Position |
Supervisor |
Offices
& Factories
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Headquarters |
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Add |
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l
Subject’s factory in Taoyuan, Taiwan and the
mainland of China are engaged in manufacture of ceramic materials and its annual
capacity of major products is as follows:
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Taiyuan Factory
(Taiwan ) (33,000 sq.meters) |
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Items |
Annual capacity |
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Engobes |
18,000 Mt / year |
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Prepared clay for pottery |
3,600 Mt / year |
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Body powder for Tile |
60,000 Mt / year |
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Shan Shue
Factory in the mainland of China (77,000 sq.meters) |
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Items |
Annual capacity |
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Feldspar |
240,000 Mt /
year |
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Clay |
48,000 Mt / year |
Purchase
Information
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The registered activities of subject:
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Business Code |
Details |
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General import and export trading business |
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Agent service, Bidding service and price quoting
service of the products for domestic and overseas customers |
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Manufacture, processing and sales of ceramic raw
material, etc |
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Bidding, manufacture and sales of Ceramic
machinery |
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Planting, processing and sales of tea-leaves |
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-- |
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Manufacture and sales of Glass Raw Materials |
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Manufacture and sales of ceramic products |
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Agent service, Bidding service and price quoting service
of the above mentioned products for domestic and overseas customers |
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J101030 |
Waste removal industry |
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J101040 |
Waste processing industry |
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Subject purchases both at home and abroad and it is
introduced that subject is also the agent of ceramic materials such as Prepared
clay for Company in USA.
l
The subject is mainly engaged in sales of ceramic
materials
l
Subject’s products are both sold in domestic and
overseas market
Major products
sold
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1 |
Engobe |
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2 |
Prepared clay for pottery |
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3 |
Body powder for Tile |
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4 |
Feldspar |
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5 |
Ball Clay |
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6 |
Zirconium Silicate |
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7 |
Refractory |
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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Raw materials, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Prepared clay, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Ceramic materials, etc |
CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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Ceramic materials, 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 declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Subject declined to disclose its bank details; 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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Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.23 |
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UK Pound |
1 |
Rs.84.16 |
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Euro |
1 |
Rs.68.84 |
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.