|
Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
JIH SHUENN ELECTRICAL MACHINE INDUSTRIAL CO., LTD. |
|
|
|
|
Registered Office : |
No.1, Lane 108, Mei Tsun S. Rd., South Dist., Taichung |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
31.03.1987 |
|
|
|
|
Com. Reg. No.: |
22415545 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing, processing, design and sales of automatic machines, etc |
|
|
|
|
No. of Employees : |
About 50 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
46-9, Cheng Feng Lane, Tai Ming Road, Wuri
Shiang, Taichung County, Taiwan |
|
Supplied Address: |
46-9 Cheng Feng Lan tai Ming Road, Wuri
Shiang Taichung Country 41468 |
|
Telephone Number: |
+886-4-2335-8689 |
|
Fax Number: |
+886-4-2335-8496 |
|
E-mail: |
|
Credit Opinion: |
|
Registered Name: |
Jih Shuenn Electrical Machine Industrial Co., Ltd. |
|
Registered Address: |
No.1, Lane 108, Mei Tsun S. Rd., South Dist., Taichung |
|
Date of Foundation: |
1987-3-31 |
|
Registration Number: |
22415545 |
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
NTD 27,000,000
(USD 901,800) (As of 2012.08, 1 NTD = 0.0334 USD) |
|
Paid-up Capital: |
NTD 27,000,000 (USD 901,800) |
|
Legal Representatives: |
Rongchun Ji |
|
Legal Form: |
|
|
Principal Activities: |
Manufacturing,
processing, design and sales of automatic machines, etc |
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last Annual
Return: |
Subject was incorporated on 1987-3-31 with registered
number 22415545 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
Rongchun Ji |
810 |
|
Rongsan Ji |
|
|
720 |
|
|
Yinyuan Zhuang |
540 |
|
Yirou Chen |
270 |
The information
above is that of subject’s major shareholders.
Related Companies
|
1 |
|
|
Name |
Kunshan Jih Shuenn Company |
|
Address |
No. 115, Shang Ye
Street, Xin Pu Road, Xin Zhen Tsun Zhou Shi Township, Kunshan City, Jiangsu
Province, China |
|
Telephone Number |
+86-159-6252-0838 |
|
2 |
|
|
Name |
Dongguan Houjie Jih Shuenn Machinery Factory |
|
Address |
No.41 Qigu East Street,
Chenwu Village, Houjie Township, Dongguan City, Shenzhen, Guangdong Province,
China |
|
Telephone Number |
+86-769-8596-6737 |
|
Fax Number |
+86-769-8596-6787 |
Core
Management
Directors
|
1 |
|
|
Name |
Rongchun Ji |
|
Position |
Board Director |
|
2 |
|
|
Name |
Rongsan Ji |
|
Position |
Director |
|
3 |
|
|
Name |
Yinyuan Zhuang |
|
Position |
Director |
|
4 |
|
|
Name |
Yirou Chen |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 50 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
46-9, Cheng Feng Lane, Tai Ming Road, Wuri Shiang, Taichung County,
Taiwan |
l
Subject is engaged in design, manufacturing and processing
of automatic machines, etc.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing, processing, installation and sales
of stamping machine、electronic
cutting machine, slitting machine, electric hoist |
|
-- |
Import and export business of above |
l
The components and raw material for production are
purchased both home and abroad.
l
Subject is engaged in sales of automatic machines,
etc.
l
Subject’s sales regions include Taiwan domestic
market, mainland China, other Asian countries, Europe and America, etc.
l
It is introduced that subject can accept customer
specially designed order.
Major products
sold
|
Product |
Sales Region |
Application |
|
Automatic piece cutting machines |
Taiwan, Mainland China, Southeast Asia, Europe,
and America |
Electronic Photoelectric Packing Paper Printing Rubber and Plastic |
|
Precision die cutting machines |
Taiwan, Mainland China |
Electronic Photoelectric Communication |
|
Precision laminating machines |
Taiwan, Mainland China |
Electronic Photoelectric Substrate |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
Components and raw material |
COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw material |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Automatic machines |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Automatic machines |
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. Ji 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 |
Mr. Ji |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
|
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.68 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.