MIRA INFORM REPORT
|
Report Date : |
01.08.2012 |
IDENTIFICATION DETAILS
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Name : |
VISION WIDE TECH CO., LTD. |
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Registered Office : |
No.43, 17th Industrial Rd., Taiping Dist., Taichung City 411 |
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Country : |
Taiwan |
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Date of Incorporation : |
03.04.1999 |
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Com. Reg. No.: |
16885104 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trader of CNC machines, etc. |
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No. of Employees
: |
About 150 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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
|
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 |
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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.43, 17th Industrial Rd., Taiping Dist.,
Taichung City 411, Taiwan (R.O.C.) |
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Supplied Address: |
8F-3, No. 9, Lane 133, Jhihshan Road, Situn
Dist., Taichung City |
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Telephone Number: |
+886-4-22712000 |
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Fax Number: |
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E-mail: |
Notes:
The exact address of subject’s heading office is as above
mentioned. The supplied address is a distributer of subject.
|
Credit Opinion: |
Subject was incorporated on 1999-4-3 with registered number
16885104 as Joint Stock Company in Taiwan.
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 |
|
2007 |
19,000,000 |
|
2008 |
15,000,000 |
|
2009 |
20,000,000 |
|
Name |
Subscription
Shares |
|
Shengxun Hong |
13,657 |
|
Songjiang Chen |
|
|
22,840 |
|
|
Zheyu Chen |
11,776 |
|
Shumei He |
9,600 |
The information above is that of subject’s major shareholders.
Core
Management
|
1 |
|
|
Name |
Shengxun Hong |
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Position |
Chairman |
|
2 |
|
|
Name |
Songjiang Chen |
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Position |
Director |
|
3 |
|
|
Name |
Zheyu Chen |
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Position |
Director |
|
4 |
|
|
Name |
Shumei He |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 150 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.43, 17th Industrial Rd., Taiping Dist., Taichung City 411, Taiwan
(R.O.C.) |
Production
Information
l
Subject produces CNC machines, etc.
l
Subject has its factory in Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Manufacture of machinery |
|
CC01010 |
Manufacture of mechanical power transmission |
|
F113010 |
Wholesales of machinery |
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F113030 |
Wholesales of precision instruments |
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F113070 |
Wholesales of telecom equipment |
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F401010 |
International trade |
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 and
processing of various CNC machines, etc.
l
Subject has both domestic and foreign markets.
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 |
|
|
CNC machines, etc. |
COD, CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Components and raw material |
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. Wang 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. Wang |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.81 |
|
UK Pound |
1 |
Rs.87.67 |
|
Euro |
1 |
Rs.68.45 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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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.