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Report Date : |
21.02.2012 |
IDENTIFICATION DETAILS
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Name : |
GAO JIN INDUSTRIAL CO., LTD. |
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Registered Office : |
No.18, Lane 1020, Dawan Rd., Yongkang Dist.,
Tainan City 710, |
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Country : |
Taiwan |
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Date of Incorporation : |
30.12.1992 |
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Com. Reg. No.: |
84150283 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of all Kinds of Motorcycle
Helmets. |
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No. of Employees : |
500 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 200,000 |
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Status : |
Satisfactory |
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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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.18, Lane 1020, Dawan Rd., Yongkang Dist.,
Tainan City 710, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
+886-6-2721581, + 886-6-2724250 |
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E-mail: |
Notes:
The accurate name and address are shown as
above.
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Credit Rating: |
|
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Credit Opinion: |
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Registered Address: |
No.18, Lane 1020, Dawan Rd., Yongkang Dist., Tainan City 710, Taiwan (R.O.C.) |
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Date of Foundation: |
1992-12-30 |
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Registration Number: |
84150283 |
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Registry: |
MOEA Central Company |
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Registered Capital: |
(As of 2012.02, 1 NTD = USD) |
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Legal Representatives: |
Yezhenzi Li |
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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: |
Subject was incorporated on 1992-12-30
with registered number 84150283
as Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Yezhenzi Li |
2,700,000 |
The information above is that of subject’s major shareholders.
Subject has confirmed that they have two factories, which in Tai Wan and Vietnam. They said that the factory in Vietnam is only engaged in producing, not selling. But they declined to provide further information about the factory in Vietnam.
Core
Management
|
Name |
Yezhenzi Li |
|
Position |
Director |
Offices
& Factories
|
|
Headquarters |
|
Address |
No.18, Lane 1020, Dawan Rd., Yongkang Dist., Tainan City 710, Taiwan
(R.O.C.) |
Production
Information
l
Subject is a manufacture of all kinds of motorcycle helmets, including Modular,
Full-Face, Jet, Demi-Jet, Motorcross Helmet, Open Face, etc.
l
The products of the subject are all
made by itself; it confirmed that they have two factories, which in Tai Wan and
Vietnam. They said that the factory in
Vietnam is only engaged in producing, not selling.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CD01040 |
Manufacturing locomotive and its parts |
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CJ01010 |
Industry of hat |
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CZ99990 |
Manufacturing of no classification other industry
products |
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C805030 |
Manufacturing plastic commodities |
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C805030 |
Manufacturing industry of optical equipment. |
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F114030 |
Wholesaling of car and motorcycle parts |
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F214030 |
Retailing of car and motorcycle parts |
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F401010 |
International trade |
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ZZ99999 |
In addition to the business license, the prohibited
or restricted business law of the business |
l
The components and raw material for
production are both purchased from the domestic market and overseas market.
l
The subject purchases
the products from the domestic market only in Tai Wan, as referring to the
overseas market, it purchases in Vietnam.
l
Subject is mainly engaged in selling of
all kinds of motorcycle helmets,
including Modular, Full-Face, Jet, Demi-Jet, Motorcross Helmet, Open Face, etc.
l
The products of the subject are both
selling in the domestic and overseas markets, as referring to the oversea
market; the products are mainly selling to Eastern Europe, North America,
Central/South America, Asia, etc
Major
products sold
|
|
Products |
|
1 |
|
|
2 |
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3 |
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4 |
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5 |
Import
and export right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Materials
and components of helmets. |
COD, Credit Sales, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Materials
and components of helmets. |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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|
All kinds of motorcycle
helmets. |
COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
All kinds of motorcycle
helmets. |
COD, etc |
100% |
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. Cheng 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 confirm the information about
the bank, so the supplied banks 'Fubon Commercial Bank’
cannot be confirmed. From other sources, we cannot confirm it, 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. Cheng |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.21 |
|
|
1 |
Rs.77.75 |
|
Euro |
1 |
Rs.64.58 |
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.