MIRA INFORM REPORT
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Report Date : |
02.02.2012 |
IDENTIFICATION DETAILS
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Name : |
LUNG AN STAINLESS STEEL IND. CO., LTD. |
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Formerly Known As : |
Lung An Stainless Steel Co., Ltd. |
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Registered Office : |
No.31, Alley 7, Lane 244, Sec.4, Chung Hsin Rd., Sanchong Dist., New Taipei City 241 |
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Country : |
Taiwan |
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Date of Incorporation : |
30.09.1999 |
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Com. Reg. No.: |
70630939 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacture and trading of stainless products, etc. |
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No. of Employees
: |
30-40 |
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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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Moderate |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Taiwan |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Contact
Points
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Company Name: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
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Telephone Number: |
+886-2-29773039/22026688 |
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Fax Number: |
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
History
Subject was incorporated
on 1999-9-30 with registered number 70630939
as Private Limited Liability Company in Taiwan.
Change of Name
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Former English
Name |
Lung An
Stainless Steel Co., Ltd. |
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Current English
Name |
Lung An
Stainless Steel Ind. Co., Ltd. |
Awards
|
Year |
Awards |
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2008 |
Blue chip importer
and exporter |
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2009 |
Blue chip
importer and exporter |
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2010 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
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Year |
Amount |
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2008 |
19,000,000 |
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2009 |
15,000,000 |
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2010 |
20,000,000 |
Shareholders
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Name |
Subscription
Amount |
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Chunhong Lin |
35,730,000 |
The information above is that of subject’s major shareholders.
Subsidiaries
& Branches
Personnel
Information
Core
Management
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Name |
Chunhong Lin |
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Position |
Director |
Personnel
Structure
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Total Employees |
About 30-40 employees |
Operation
Information
Offices
& Factories
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Headquarters |
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Add |
Production
Information
l
Subject produces stainless products.
l
Subject has its factory in Taiwan.
Purchase
Information
l
The registered activities of subject:
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Business Code |
Details |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted |
l
The components and raw material for production are
purchased from domestic and abroad.
l
Subject also imports according to customers’ order.
l
Subject imports from Europe, Japan, etc.
l
The subject has a
proportion of 50% for Import
l
The subject is mainly engaged in manufacturing and
sales of stainless products, etc.
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Subject’s products include Stainless steel (volume), stainless steel round bars, flat iron &
stainless steel angle iron, stainless steel & steel bars, etc.
l
Subject has both domestic and foreign markets.
l
The subject has a
proportion of 50% for export.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
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Payment Terms |
Proportion |
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Raw material |
COD, CBD, etc. |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Stainless products, etc. |
CBD, etc. |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Stainless products, etc. |
COD, CBD, etc. |
100% |
Export
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Sales Terms |
Proportion |
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Stainless products, etc. |
CBD, etc. |
100% |
Financial
Information
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. Hou declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Public
Record
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.
Interview
Details
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Name |
Ms. Hou |
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E-mail |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.53 |
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UK Pound |
1 |
Rs.77.95 |
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Euro |
1 |
Rs.64.66 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.