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Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
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Name : |
FAIR SUN INDUSTRIAL CO., LTD. |
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Registered Office : |
1FL., No.62, Beining Rd., Sungshan Chiu, Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
22.11.1979 |
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Com. Reg. No.: |
20839407 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture and sales of auto parts, etc |
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No. of Employees : |
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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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Taiwan |
A2 |
A2 |
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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: |
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Supplied Address: |
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Telephone Number: |
+886-2-2570-0236 |
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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 Opinion: |
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Registered Name: |
Fair Sun Industrial Co., Ltd. |
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Registered Address: |
1FL., No.62, Beining
Rd., Sungshan Chiu, Taipei, Taiwan,R.O.C. |
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Date of Foundation: |
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Registration Number: |
20839407 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2012.08, 1 NTD = 0.0334 USD) |
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Legal Representatives: |
Guangjiang Chen |
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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: |
Notes: Subject did not introduce its staff number and from other source we can not obtain the relevant information, either.
Subject was incorporated on
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Name |
Subscription Amount |
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Guangjiang Chen |
7,800,000 |
The information above is that of subject’s major shareholders.
Plant and subsidiary:
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1 |
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Name: |
Hsinchu Plant |
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Address |
24 Lane
356,Sec.1,Yenping Road,Hsinchu,Taiwan |
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Tel: |
+886-3-5252511/5265375 |
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Fax: |
+886-3-5267366 |
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E-mail: |
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2 |
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Name: |
Shanghai Fairsun Electronic Co., Ltd |
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Address |
No.2760.BaoAn
Road.Malu Zhen,JiaDing Dist,Shanghai China |
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Tel: |
+86-21-69156266 |
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Fax: |
+86-21-69156314 |
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E-mail: |
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Core
Management
|
Name |
Guangjiang Chen |
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Position |
Director |
Offices
& Factories
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|
Headquarters |
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Add |
1FL., No.62, Beining Rd., Sungshan Chiu, Taipei, Taiwan,R.O.C. |
Production
Information
l
Subject is engaged in manufacture of auto bulbs,
Relays, Switches, Solenoids, Regulators, Turn signal switches, and other electrical
auto parts to cover many different car brands.
l
It is introduced that subject has factories
(subsidiary) in both Taiwan and Shanghai for production.
l
Subject supplies OEM service
l
It is introduced that Subject’s Taiwan factory is
certificated by IS9002&QS9000 and subject’s Shanghai subsidiary is
certificated by ISO9001&QS9000
Purchase
Information
l
The registered activities of subject:
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1 |
Manufacture, processing and sales of auto bulb |
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2 |
Manufacture, processing and sales of auto bulb, Light
switch, handle, fuel tank cap,
Auto Locks, alternator, Starting
Motor, simmer switch, etc |
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3 |
Manufacture and agent sales of ignition coil,
voltage adjuster, Distributor, bk brake switch, automobile
parts and fuse,
etc |
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4 |
Import and export business relevant to the above
mentioned items; foreign guarantee between competitors in the same industry |
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5 |
Relevant Operation and investment of the above
mentioned items |
l
Subject purchases raw materials both at home and abroad
according to the specific condition and customers’ demands.
l
The subject is mainly engaged in sales of auto
bulbs, Relays, Switches, Solenoids, Regulators, Turn signal switches, and other
electrical auto parts, etc
l
Subject has two brands SUN EAST and SUNTEX
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject’s Main markets include North
America, Europe, Middle East, South America, Oceania, Africa and Japan, etc
l
Subject’s major customers are car brands such as
GM USA, etc
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Raw materials,
etc |
COD, Credit
Sales, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Raw materials,
etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Auto bulbs, Relays, Switches, Solenoids,
Regulators, Turn signal switches, and other electrical auto parts, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Auto bulbs, Relays, Switches, Solenoids,
Regulators, Turn signal switches, and other electrical auto parts, 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.55.15 |
|
UK Pound |
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
<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.