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Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
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Name : |
ASIAN PLASTIC MACHINERY CO., LTD. |
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Registered Office : |
No.1-1, Sung Chiang n. Rd., Industry Park, Chung-Li City, Taoyuan |
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Country : |
Taiwan |
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Date of Incorporation : |
28.12.1987 |
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Com. Reg. No.: |
22663360 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of injection molding machines, etc |
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No. of Employees : |
About 300 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 |
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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: |
No.1-1, Sung Chiang n. Rd., Industry Park, Chung-Li City, Taoyuan,
Taiwan |
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Supplied Address: |
1, Sung Chiang N Rd, Chung Li Industrial
District, Chung Li, Taoyuan Taiwan |
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Telephone Number: |
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E-mail: |
Notes:
Subject’s exact address is as above, and the supplied fax +885-3-1520261 is not valid.
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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 |
|
British Virgin
Islands Shangyi Wei Le Gao Company (Literal
Translation) |
5,000,000 |
The information above is that of subject’s
major shareholders.
Major Sales
offices:
|
1 |
|
|
Name |
Kunshan Office |
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Address: |
Block B, 5/F., Zhongda Commercial Plaza, No.
1233, Kunshan, Jiangsu, China |
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Tel: |
+86-512-5730-6792 |
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|
|
|
Name |
Qingdao Office |
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Address: |
Middle Section of Jing No.2 Road, Beiguan
Industrial Park, Jiaozhou, Qingdao, Shandong, China |
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Tel: |
+86-13553057050 |
It is introduced
that subject also has related companies and office in many other regions of the
mainland of China such as Shenzhen, while the details are not disclosed.
Core
Management
Directors
|
1 |
|
|
Name |
Zhenyuan Jiang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Liyuan Jiang |
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Position |
Director |
|
3 |
|
|
Name |
Hanhua Wu |
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Position |
Director |
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4 |
|
|
Name |
Taixiong Xie |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 300 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.1-1, Sung
Chiang n. Rd., Industry Park, Chung-Li City, Taoyuan, Taiwan |
Production
Information
l
Subject is a manufacture of injection molding
machines, etc with the production activities.
Purchase
Information
l
The registered activities of subject:
|
1 |
Manufacture and sales
of Numerical control injection plastic molding machines |
|
2 |
General import
and export trading business and department stores selling business. |
|
3 |
Bidding, price
quoting and sales business for domestic and overseas customers except futures |
l
The components and raw material for production are
purchased from both local and abroad.
Major Purchasing
Region:
|
Products |
Regions |
|
Components |
Taiwan |
|
Components |
Japan |
|
Components |
Germany |
l
The subject is mainly engaged in manufacturing and
trading of injection molding
machines, etc
l
Subject has a factory on the headquarter address.
l
Subject introduced that subject’s products are
designed by itself.
l
Subject has its own brand named “Zhen Xiong”
(Literal Translation)
l
Subject’s products are both sold in domestic and
overseas market and subject has offices in the mainland of China to deal with
the local sales business.
Major products
sold
|
1 |
Plastic
extruding machines |
|
2 |
Injection
molding machine auxiliary equipments |
|
3 |
Feeding
renewable crushers |
|
4 |
Plastic molding
machines |
|
5 |
Plastic
granulators |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Components |
COD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
30%prepayment,
70% before delivery, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
30%prepayment,
70% before delivery, 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. Chen declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
|
Name |
Taiwan Cooperative Bank |
|
Address |
Taiwan |
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. Chen |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.98 |
|
|
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.