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Report Date : |
13.08.2012 |
IDENTIFICATION DETAILS
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Name : |
GOOD FRIEND FOOD MACHINE CO., LTD. |
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Registered Office : |
1F., No.26-9, Anmei Rd., Houli Dist., Taichung City 421 |
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Country : |
Taiwan |
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Date of Incorporation : |
01.03.1996 |
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Com. Reg. No.: |
96898307 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturing and sales of food equipment |
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No. of Employees : |
About 20 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 : |
Unknown |
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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 |
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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: |
1F., No.26-9, Anmei Rd., Houli Dist.,
Taichung City 421, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-4-2556-3387 |
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Fax Number: |
+886-4-2556-3587 |
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E-mail: |
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Website: |
Notes: The exact address is as above.
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Credit Opinion: |
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Registered Name: |
Good Friend Food Machine Co., Ltd. |
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Registered Address: |
1F., No.26-9, Anmei Rd., Houli Dist., Taichung City 421, Taiwan
(R.O.C.) |
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Date of Foundation: |
1996-3-1 |
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Registration Number: |
96898307 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
NTD 6,000,000
(USD 200,400) (As of 2012.08, 1 NTD = 0.0334 USD) |
|
Legal Representatives: |
Tingyi Wang |
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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: |
Subject was incorporated on 1996-3-1 with registered number 96898307 as Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Tingyi Wang |
2,190,000 |
The information above is that of subject’s major shareholders.
Core Management
Directors
|
Name |
Tingyi Wang |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 20 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
1F., No.26-9, Anmei Rd., Houli Dist., Taichung City 421, Taiwan
(R.O.C.) |
Production
Information
l
Subject is engaged in manufacturing of food
equipment such as food mixer and cooking mixer, etc.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing, processing, trading and
maintaining of all kinds of food machinery |
|
E106010 |
Wholesale of ironware |
|
F206010 |
Retail of ironware |
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F113010 |
Wholesale of machinery |
|
F213080 |
Retail of machinery |
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F113030 |
Wholesale of precise instrument |
|
F213040 |
Retail of precise instrument |
|
F111070 |
Wholesale of building metallic materials |
|
F211010 |
Retail of building materials |
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F119010 |
Wholesale of electronic material |
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F219010 |
Retail of electronic material |
|
F107140 |
Wholesale of plastic raw material |
|
F207140 |
Retail of plastic raw material |
|
F401010 |
International trade business |
l
The raw materials for production are mostly purchased
in Taiwan domestic market.
l
Subject is engaged in sales of food equipment such
as food mixer and cooking mixer, etc.
l
Subject obtained the certification of ISO
9001:2000.
l
Subject’s sales regions include Southeast Asia,
Middle East, Europe, America, and other Asia countries, etc.
l
Subject’s products are applied to food industries
such as bakery, shopping mall, hotel, restaurant and supermarket, etc.
Major products sold
|
|
Product |
|
1 |
Food Mixer |
|
2 |
Compact Tile-Head Cooking Mixer |
|
3 |
Normal Type Cooking Mixer |
|
4 |
Heat Conduction Type Cooking Mixer |
|
5 |
Steam Type Cooking Mixer |
|
6 |
Thermal Insulation Type Cooking Mixer |
|
7 |
Accessories |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase (Taiwan)
|
Payment Terms |
Proportion |
|
|
Raw materials |
COD, CBD, etc |
100% |
Foreign Purchase
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Food equipment |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Food equipment |
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 Ms. Wang
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 cannot 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 |
Ms. Wang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
UK Pound |
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.43 |
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 |
|
---- |
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.