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Report Date : |
21.08.2012 |
IDENTIFICATION DETAILS
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Name : |
CHANG MAO ENGINEERING CO., LTD. |
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Registered Office : |
No.10-1, Yung Chun Street, Hsiao Kang District, Kaohsiung |
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Country : |
Taiwan |
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Date of Incorporation : |
05.01.1985 |
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Com. Reg. No.: |
81270881 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Processing and installation
of mechanical equipment |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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 |
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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: |
Chang Mao Engineering Co., Ltd. |
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Supplied Name: |
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Trading Address: |
No.10-1, Yung Chun Street, Hsiao Kang
District, Kaohsiung, Taiwan, R.O.C. |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
Notes: The exact address is as above.
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Credit Opinion: |
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Registered Name: |
Chang Mao Engineering Co., Ltd. |
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Registered Address: |
No.10-1, Yung Chun Street, Hsiao Kang District, Kaohsiung, Taiwan,
R.O.C. |
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Date of Foundation: |
1985-1-5 |
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Registration Number: |
81270881 |
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Registry: |
Economic Development Bureau, Kaohsiung City |
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Registered Capital: |
NTD 28,000,000
(USD 935,200) (As of 2012.08, 1 NTD = 0.0334 USD) |
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Paid-up Capital: |
NTD 28,000,000 (USD 935,200) |
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Legal Representatives: |
Kunhai Zhou |
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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: |
Note: Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.
Subject was incorporated on 1985-1-5 with registered
number 81270881 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
Kunhai Zhou |
1,390,000 |
|
Jiaming Zhou |
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|
330,000 |
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|
Se Chen |
880,000 |
|
Shuping Zhou |
50,000 |
The information above is that of subject’s major shareholders.
Core Management
|
1 |
|
|
Name |
Kunhai Zhou |
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Position |
Board Director |
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2 |
|
|
Name |
Jiaming Zhou |
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Position |
Director |
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3 |
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|
Name |
Se Chen |
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Position |
Director |
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4 |
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Name |
Shuping Zhou |
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Position |
Supervisor |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.10-1, Yung Chun Street, Hsiao Kang District, Kaohsiung, Taiwan,
R.O.C. |
l
Subject is engaged in processing and installation
of mechanical equipment.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Project contracting, processing, repairing,
installation, tubing (except
water pipe and gas pipe) and sales of steel frame, cold working, soldering, abrasive
blasting, storage tank, drying machine, dust equipment |
|
-- |
Project contracting business of steel frame, and
iron materials (expect building business and no fix place
working) |
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-- |
Processing, repairing and sales of ship
components |
|
-- |
Import and export business of above related
materials (expect machinery) |
|
CB01010 |
Manufacturing of machinery |
|
CB01990 |
Manufacturing of other machinery (components of
machinery) |
|
F401010 |
International trade business |
l
The components and raw materials for production are
mostly purchased in Taiwan domestic market.
l
Subject is engaged in providing processing service,
installation service, and welding service of mechanical equipment, etc.
l
Subject’s service region is only in Taiwan domestic
market.
l
Subject’s major customers include power
manufacturer, and steel manufacturer, etc.
Major services provided
|
|
Service |
|
1 |
Processing of steel coking vehicle, and coke
pusher, etc. |
|
2 |
Installation of dust collector, dust leg, and
chimney |
|
3 |
Prefabricating and installation of blast furnace |
|
4 |
Prefabricating and installation of converter |
|
5 |
Building of hot-blast stove |
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
Components and raw materials |
COD, CBD, etc |
100% |
Foreign Purchase
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Processing and installation of mechanical
equipment |
COD, CBD, etc |
100% |
Export
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. Hong 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. Hong |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
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 |
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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 |
|
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.