MIRA INFORM REPORT
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Report Date : |
07.08.2012 |
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 sales 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 |
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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.43, 17th
Industrial Rd., Taiping Dist., Taichung City 411, Taiwan (R.O.C.) |
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Supplied Address: |
No. 43 17th
Industrial Road, Taiping City Taichung Hsein 41154 |
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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.
Notes: Subject’s capital has been changed as above.
Subject was incorporated on
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 |
|
Shengxun Hong |
1,695,474 |
|
Songjiang Chen |
|
|
2,664,667 |
|
|
Zheyu Chen |
1,249,467 |
|
Shumei He |
1,040,000 |
The information above is that of subject’s major shareholders.
Core Management
Directors
|
1 |
|
|
Name |
Shengxun Hong |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Songjiang Chen |
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Position |
Director |
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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
Subject’s factory in Taiwan is engaged in design, development and
manufacture of CNC machines, etc.
Subject has obtained the certificated as follows
|
1 |
TAIWAN EXCELLENCE 2012 (SF SERIES) |
|
2 |
TAIWAN EXCELLENCE 2011 (NF SERIES) |
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3 |
TAIWAN EXCELLENCE 2008 (VH SERIES) |
|
4 |
ISO 9001:2008 |
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5 |
Machinery Directive: 2006/42/EC |
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6 |
Electrical Safety: EN60204-1:2006 |
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7 |
Low Voltage: 2004/108/EC |
|
8 |
Electromagnetic Compatibility |
|
9 |
2004/108/EC |
|
10 |
CE |
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Manufacture of mechanical equipment |
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CC01010 |
Manufacture of Power Generation, transmission
and distribution machinery |
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F113010 |
Wholesales of machinery |
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F113030 |
Wholesales of precise instruments |
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F113070 |
Wholesales of Telecom equipment |
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F401010 |
International Trading Business |
Subject purchases raw materials and components
both at home and abroad and it has a proportion of 50% for Import.
The subject is
mainly engaged in sales of CNC machines, etc.
Subject has its own brand named Vision Wide
Subject’s products are applied to plastic,
aerospace, power generation and automotive industry, etc
Subject’s products are both sold in domestic
and overseas market and subject has a proportion of 50% for export, and subject
has distributors all around the world such as USA, Canada, Mexico, Brazil,
South Africa, Europe, Australia and Asia, etc
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials
and components, etc |
COD, Credit
Sales, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Raw materials
and components, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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CNC machines,
etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
CNC machines,
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.
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.47 |
|
|
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.68.66 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.