MIRA INFORM REPORT
|
Report Date : |
09.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
JOEMARS MACHINERY & ELECTRIC INDUSTRIAL
CO., LTD. |
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|
|
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Registered Office : |
No.66, Ln. 124, Sec. 1, Youyuan Rd., Dadu Dist., Taichung City 432 |
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Country : |
Taiwan |
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Date of Incorporation : |
25.07.1989 |
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Com. Reg. No.: |
23397051 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trader of EDM, etc. |
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No. of Employees
: |
About 40-50 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 30,000 |
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Status : |
Moderate |
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Contact
Points
|
Company Name: |
Joemars Machinery & Electric
Industrial Co., Ltd. |
|
Supplied Name: |
Joemars Machinary & Electric Industrial Co Ltd. |
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Trading Address: |
No.66, Ln. 124, Sec. 1, Youyuan Rd., Dadu Dist., Taichung City 432,
Taiwan (R.O.C.) |
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Supplied Address: |
No. 66, Lane 124, Sec. 1, Youynan Rd., Tatu Hsiang Taichung Hsien
Taiwan R.O.C. 432 |
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Telephone Number: |
+886-4-2691-7566 |
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Fax Number: |
+886-4-2691-7555 |
Notes:
The exact subject’s address is as above mentioned.
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
History
Subject was incorporated
on 1989-7-25 with registered number 23397051
as Joint Stock Company in
Taiwan.
Shareholders
|
Name |
Subscription
Shares |
|
Shunyuan Chen |
1,960 |
| Wansheng Lin |
1,400 |
|
Rizhong Liao |
440 |
|
Hongjun Ke |
1,680 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Branch Companies
|
1 |
|
|
Name |
Changzhou
Joemars Industrial Automation Co., Ltd. |
|
2 |
|
|
Date of
Registration |
Kunshan Joemars
Industrial Automation Co., Ltd. |
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Shunyuan Chen |
|
Position |
Chairman |
|
2 |
|
|
Name |
Wansheng Lin |
|
Position |
Director |
|
3 |
|
|
Name |
Rizhong Liao |
|
Position |
Director |
|
4 |
|
|
Name |
Hongjun Ke |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 40-50 Employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.66, Ln. 124, Sec. 1, Youyuan Rd., Dadu Dist., Taichung City 432,
Taiwan (R.O.C.) |
Production
Information
l
Subject produces EDM, etc.
l
Subject has factories in Taiwan and the mainland of
China.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Manufacture and trading of Electronic machinery, numerical control machines, EDM machines and parts
molding |
|
2 |
Installation and trading of
automatic, mechanical and electrical, electronic equipment |
|
3 |
Trader of raw material of above mentioned
products |
|
4 |
Import and export |
Besides licensed business, all other business items those are not banned
or restricted.
l
The components and raw material for production are
purchased from both domestic and abroad.
l
The subject has a
proportion of 50% for Import
l
The subject is mainly engaged in sales of EDM machines, etc.
l
Subject’s EDM
machines include manual F series, ANC series, CNC series, super drill
EDM, high performance wire cut EDM, broken tap remover, etc.
l
Subject has both domestic and foreign markets.
l
Subject export to Asian, European, and American
countries.
l
The subject has a
proportion of 50% for export.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
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
|
Sales Terms |
Proportion |
|
|
EDM machines, etc. |
COD, CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
|
EDM machines, 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 Mr. Ke 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
|
Name |
Mr. Ke |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
|
UK Pound |
1 |
Rs.78.09 |
|
Euro |
1 |
Rs.65.15 |
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 |
|
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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.