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Report Date : |
10.08.2012 |
IDENTIFICATION DETAILS
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Name : |
ZITAI PRECISION MACHINERY CO., LTD. |
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Registered Office : |
No.172, Hsi Tou Rd., Shengang Dist., Taichung City 429 |
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Country : |
Taiwan |
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Date of Incorporation : |
28.01.1985 |
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Com. Reg. No.: |
56807040 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Design, manufacturing of cold chamber die casting machine and the ancillary equipment, etc. |
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No. of Employees : |
About 100 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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.172, His Tou Rd., Shengang Dist.,
Taichung City 429, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
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Website: |
Notes:
The correct address is as above mentioned.
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Credit Opinion: |
Subject was
incorporated on
Awards
|
Year
|
Awards
|
|
2010 |
Blue
chip importer and exporter |
Standard
of Blue chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2010 |
20,000,000 |
|
Name |
Subscription Shares |
|
Songrun Zhan |
12,000 |
|
Weizhong Lan |
3,960 |
|
Henglin Gu |
3,960 |
|
Yongkun Guo |
4,920 |
The information above is that of subject’s major shareholders.
Branch Companies
|
Name |
Ningbo Zitai
Precision Machinery Co.,Ltd |
|
Address |
No.558 Mingzhou
W. Road, Beilun, Ningbo, Zhejiang Province, China |
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Registered
Number |
330200400028589 |
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Date of
Foundation |
2001-8-22 |
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Registered
Capital |
USD 6,000,000 |
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Telephone Number |
+86-574-8680-5888 |
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Fax Number |
+86-574-8680-5860 |
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Activities |
Research,
development and manufacture die casting technique, new process materials, die
casting mould, melted equipment of die casting machine and its ancillary
equipment |
Core
Management
|
1 |
|
|
Name |
Songrun Zhan |
|
Position |
Chairman |
|
2 |
|
|
Name |
Weizhong Lan |
|
Position |
Director |
|
3 |
|
|
Name |
Henglin Gu |
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Position |
Director |
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4 |
|
|
Name |
Yongkun Guo |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 100 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.172, Hsi Tou Rd., Shengang Dist., Taichung City 429, Taiwan (R.O.C.) |
Production
Information
l
The subject is engaged in
design, manufacturing of cold chamber die casting machine and the ancillary
equipment, etc. And its major types of products
are as follows:
|
Types |
Items |
|
Die casting machine |
ZDC series |
|
Gravity casting machine |
PMC series |
|
Control system |
Shot Parameter Setting Auto Ladle Parameter Setting Auto Extractor Parameter Setting Auto Sprayer Parameter Setting Shot Graphic Display |
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Peripherial equipment |
ZLB Series-Auto Ladler ZSP Series-Auto Sprayer ZPU Series-Auto Extractor |
Purchase
Information
l
The registered activities of subject:
|
1 |
The
manufacturing processing and sale of business of Qu hand type injection
molding machine, direct pressure injection molding machine, oil pressure
aluminum die casting machine, hot type full automatic die casting machine all
kinds of oil pressure single machines and its parts. |
|
2 |
The importing,
exporting and investment business, etc |
l
The components and raw material for production are
mostly purchased from domestic market.
l
Subject is engaged in sales of die casting machine,
gravity casting machine and general casting, etc
l
Subject has its own brand “ZITAI”.
l
Subject has many cooperative agents for selling
their products in different parts of the world.
Subject’s agents
are as followed:
|
Brazil |
|
|
Russia |
CYBERTECH TAIWAN Inc. |
|
Argentina |
|
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Mexico |
FERZIJ , S.A. de C.V. |
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Thailand |
IRD ENGINEERING CO., LTD. |
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India |
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Turkey |
GENERAL MAKINA |
|
Colombia |
IMOCOM S.A. |
|
Chile |
RAUL CARNERO Y CIA. LTDA. |
|
Germany |
DRUCKGUSS SERVICE DEUTSCHLAND GMBH |
|
China Mainland |
Shanghai Office of Ningbo Zitai Precision
Machinery Co., Ltd |
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Dongguan Office of Ningbo Zitai Precision
Machinery Co., Ltd |
|
|
Qingdao Office of Ningbo Zitai Precision
Machinery Co., Ltd |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase (Taiwan)
|
Payment Terms |
Proportion |
|
|
Components and raw material |
COD, CBD, etc |
100% |
Foreign Purchase
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Die casting machine, gravity casting machine and
general casting, etc. |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Die casting machine, gravity casting machine and
general casting, etc. |
CBD, etc |
100% |
Notes: Subject’s settlement for export is generally in USD
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. Zhan declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Subject did not
introduce 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.
|
Name |
Mr. Zhan |
|
Position |
Sales |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.17 |
|
UK Pound |
1 |
Rs.86.43 |
|
Euro |
1 |
Rs.68.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
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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 |
|
---- |
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.