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Report Date : |
21.02.2012 |
IDENTIFICATION DETAILS
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Name : |
WINSTON TECH INDUSTRIAL CORPORATION |
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Registered Office : |
8F.-2, No.280, Sec. 2, Yanping N. Rd., Datong District, Taipei City 103 |
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Country : |
Taiwan |
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Date of Incorporation : |
01.12.1994 |
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Com. Reg. No.: |
89924478 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is mainly engaged in selling of spring making, wire forming machines, Bending Machines, etc. |
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No. of Employees : |
About 10 Employees |
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 10,000 |
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Status : |
Small Company |
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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 |
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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: |
8F.-2, No.280, Sec. 2, Yanping N. Rd.,
Datong District, Taipei City 103, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-2-25574318 |
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Fax Number: |
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E-mail: |
Notes:
The accurate address is shown as above.
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Credit Rating: |
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Credit Opinion: |
Subject was incorporated on 1994-12-01 with registered
number 89924478 as Limited
Liability Company in Taiwan.
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Name |
Subscription Amount |
|
Mingyu Xiao |
1,250,000 |
The information above
is that of subject’s major shareholders.
Core
Management
|
Name |
Mingyu Xiao |
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Position |
Director |
Offices
& Factories
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|
Headquarters |
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Address |
8F.-2, No.280, Sec. 2, Yanping N. Rd., Datong District, Taipei City
103, Taiwan (R.O.C.) |
Production
Information
l
Subject is mainly specializing in supplying spring making, wire forming machines, Bending Machines, etc.
l
The products of the subject are made by itself, and
it confirmed that they have the agents in the domestic and overseas market, but
they declined to provide further information about it.
Purchase
Information
l
The registered activities of subject:
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Details |
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1 |
General import and export trade business (except
licensing business) |
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2 |
Agent and the bid price of the above products. |
l
Subject declined to provide the information of
purchasing, from other sources, we cannot obtained it, either.
l
Subject is mainly engaged in selling of spring making, wire forming machines, Bending Machines, etc.
l
The products of the subject are both selling in the
domestic and overseas markets, but it is mainly sells to the overseas market.
As referring to the oversea market; the products are mainly selling to South
Africa, United States, Australia, New Zealand, Iran, United Kingdom, Greece,
Hungary, Canada, Brazil, etc.
Major products
sold
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Products |
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1 |
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2 |
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3 |
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4 |
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5 |
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6 |
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7 |
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8 |
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9 |
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10 |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Subject declined to provide the information of purchasing, so the information
about the purchasing settlement is not available. From other sources, we cannot
confirm it, either.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Spring making, wire forming machines, Bending
Machines, etc. |
COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Spring making, wire forming machines, Bending
Machines, etc. |
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 Mr. Winston Lin declined to disclose its
financials citing the grounds of company’s confidentiality; from other source
we can not obtain the relevant information, either.
Subject did not introduce 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 |
Mr. Winston Lin |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.21 |
|
|
1 |
Rs.77.75 |
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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 |
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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 |
-- |
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.