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Report Date : |
21.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHENG HUA INDUSTRIAL CO., LTD. |
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Registered Office : |
No.12, Ln. 13, Fumin Rd., Zuoying Dist., Kaohsiung City 813 |
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Country : |
Taiwan |
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Date of Incorporation : |
18.03.1988 |
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Com. Reg. No.: |
22550181 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing, repairing, processing and sales of machinery and parts |
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No. of Employees : |
About 30 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 |
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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.345-6 Zhongan
Road, Anzhao Village, Yanchao County, Kaohsiung City Taiwan |
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Supplied Address: |
No. 345, Jhong
An Road Yan Chao District Kaohsiung City 82446 Taiwan |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Note:
The exact address is as above.
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Credit Opinion: |
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Registered Name: |
Cheng Hua Industrial Co., Ltd. |
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Registered Address: |
No.12, Ln. 13, Fumin Rd., Zuoying Dist.,
Kaohsiung City 813, Taiwan (R.O.C.) |
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Date of Foundation: |
1988-3-18 |
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Registration Number: |
22550181 |
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Registry: |
Economic Development Bureau, Kaohsiung City |
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Registered Capital: |
NTD 10,000,000
(USD 334,000) (As of 2012.08, 1 NTD = 0.0334 USD) |
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Paid-up Capital: |
NTD 10,000,000 (USD 334,000) |
|
Legal Representatives: |
Fuxing Wei |
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Legal Form: |
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Principal Activities: |
Manufacturing,
repairing, processing and sales of machinery and parts |
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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 1988-3-18 with registered number 22550181 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
Fuxing
Wei |
355 |
|
Tianming
Wei |
330 |
|
Hongxiong
Wei |
230 |
|
Xiuli
Qiuwei |
5 |
The information above is that of subject’s major shareholders.
Core Management
|
1 |
|
|
Name |
Fuxing Wei |
|
Position |
Board Director |
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2 |
|
|
Name |
Tianming Wei |
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Position |
Director |
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3 |
|
|
Name |
Hongxiong Wei |
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Position |
Director |
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4 |
|
|
Name |
Xiuli Qiuwei |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
About 30 Employees |
Offices & Factories
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Headquarters
|
|
Add |
No.345-6 Zhongan
Road, Anzhao Village, Yanchao County, Kaohsiung City Taiwan |
|
Construction Area |
Production Information
l
Subject is
engaged in manufacturing and processing of machinery and parts.
l
It is
introduced that subject factory is about 6,500 square meters.
Purchase Information
l
The
registered activities of subject:
|
Business Code |
Details
|
|
-- |
Manufacturing,
repairing, processing and sales of machinery and parts |
|
-- |
Engineering
contract of cold working |
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-- |
Sales
of all kinds of ironware (beside special permission) and steel |
|
-- |
Import
and export above mentioned products of home and overseas company |
l
The
components and raw materials for production are purchased both home and abroad.
l
Subject
is engaged in sales of machinery and parts.
l
Subject’s
sales regions are Taiwan domestic market and mainland China.
l
Subject
obtained the certification of ISO 9001.
l
Subject’s
major customers include power manufacturer, cement manufacturer, steel
manufacturer, and petrochemical manufacturer, etc.
Major
products sold
|
Product |
Application |
|
Cold
fabrication products |
Tower vessel,
parts for steel making plant, pressure vessel, main machinery parts for
diesel ship, Generation Cement mixing truck, Oil filling truck, Heavy
transfer truck, and steel structure |
|
Machinery
processing products |
Steel making
plant, generation plant, rail way system, water treatment, paper making, pump
station, general mechanical equipment |
|
Installation
and testing equipments |
Steel
making plant, generation plant, water pumping station, rail way system, heat
recuperater, transportation equipment |
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 |
|
|
Machinery
and parts |
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 Ms. Cai 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. Cai |
|
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 |
|
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.