MIRA INFORM REPORT
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Report Date : |
21.02.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
JANG DER INDUSTRIAL CO., LTD. |
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Registered Office : |
No.65, Hsing Kung Rd., Chi Ti Tsun, Shen Chiang Hsiang, Changhua Hsien |
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Country : |
Taiwan |
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Date of Incorporation : |
20.05.1986 |
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Com. Reg. No.: |
22132384 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade
of fire sprinklers and the related products |
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No. of Employees
: |
80 |
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
|
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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.65, Hsing Kung Rd., Chi Ti Tsun, Shen
Chiang Hsiang, Changhua Hsien, Taiwan R.O.C. |
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Supplied Address: |
No. 65, Hsing Kung Rd, Chi Ti Tsun Chiang
Hsiang Changhua Hsien, Taiwan |
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Telephone Number: |
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Fax Number: |
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E-mail: |
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Credit Rating: |
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Credit Opinion: |
Subject was incorporated on
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Subscription
Share |
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Jinwang Shi |
2,926,800 |
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Jinxiu Ke |
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4,623,200 |
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Jinrong Chen |
789,000 |
|
Fukai Shi |
2,000,000 |
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Shenglong Chen |
316,500 |
|
Congwen Ji |
1,578,000 |
The information above is that of subject’s major shareholders.
Subject introduced that it has a factory located in Fuzhou, the mainland of
China, but the staff of subject declined to disclose the detail information of
it
Core
Management
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1 |
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Name |
Jinwang Shi |
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Position |
Board Chairman |
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2 |
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Name |
Jinxiu Ke |
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Position |
Director |
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3 |
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Name |
Jinrong Chen |
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Position |
Director |
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4 |
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Name |
Fukai Shi |
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Position |
Director |
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5 |
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Name |
Shenglong Chen |
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Position |
Director |
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6 |
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Name |
Congwen Ji |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 80 Employees |
Offices
& Factories
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|
Headquarters |
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Add |
No.65, Hsing Kung Rd., Chi Ti Tsun, Shen Chiang Hsiang, Changhua Hsien,
Taiwan R.O.C. |
l
Subject is a manufacturer of fire extinguisher,
fire sprinklers and the related products with the production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Manufacture and trade of fire extinguisher, fire
sprinkler, and the related products. |
|
2 |
Import, export and bidding price quoting
marketing of the products above. |
l
The components and raw material for production are mostly
purchased from local Taiwan.
l
Subject is mainly engaged in manufacturing and
trading of fire extinguisher, fire sprinklers and the related products.
l
Subject introduced that the brand CD (Chang Der) is
the trade-mark of subject.
l
Major products sold as following:
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Product |
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1 |
Fire Sprinklers |
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2 |
Valves & Systems |
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3 |
Foam Products |
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4 |
Hose Valves |
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5 |
Nozzles |
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6 |
Fire Department Connections |
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7 |
Brass Adapters |
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8 |
Brass Caps & Plugs |
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9 |
Ground Fire Hydrant |
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10 |
Electrical Products |
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11 |
Other Products |
l
The products of subject sell to both domestic and
abroad markets.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Subject declined the
purchase settlements information, and from other sources, we couldn’t obtain
the information, either.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
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Fire extinguisher, fire
sprinklers and the related products. |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Fire extinguisher, fire
sprinklers and the related products. |
T.T, L/C, 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 Mr. Li declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
The bankers’ information is not available from the
subject or other sources.
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. Li |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.21 |
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UK Pound |
1 |
Rs.77.75 |
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Euro |
1 |
Rs.64.58 |
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.