MIRA
INFORM REPORT
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Report Date : |
06.01.2012 |
IDENTIFICATION DETAILS
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Name : |
JING DUANN MACHINERY INDUSTRIAL CO., LTD. |
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Registered Office : |
No.66, 35th Rd. Taichung Ind. Park Taichung |
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Country : |
Taiwan |
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Date of Incorporation : |
26.01.1981 |
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Com. Reg. No.: |
52614330 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trader of forging presses, single shaft presses, CR forging roller, peripheral devices, etc. |
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No. of Employees : |
About 40 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 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 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 |
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: |
No. 66, 35th Road, Taichung Industrial Park,
Taichung Taiwan |
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Telephone Number: |
+886-4-23593698 |
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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 1981-1-26 with registered
number 52614330 as Joint Stock Company in Taiwan.
Shareholders
|
Name |
Subscription Shares |
|
Yuanhe Chen |
6,853 |
|
Jiongzhong Chen |
|
|
5,657 |
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|
Linchang Lin |
6,081 |
|
Chunjing Lin |
5,561 |
The information
above is that of subject’s major shareholders.
Subsidiaries & Branches
Personnel Information
Core
Management
Directors
|
1 |
|
|
Name |
Yuanhe Chen |
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Position |
Chairman |
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2 |
|
|
Name |
Jiongzhong Chen |
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Position |
Director |
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3 |
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|
Name |
Linchang Lin |
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Position |
Director |
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4 |
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|
Name |
Chunjing Lin |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 40 Employees |
Operation Information
Offices
& Factories
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|
Headquarters |
|
Add |
Production
Information
l
Subject produces forging presses, etc.
l
Subject has its factory in Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Manufacturing and trading of punch agricultural
and other machinery repair and parts |
|
2 |
Manufacturing and trading of molds |
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3 |
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 trading of forging presses, single shaft presses, CR forging
roller, peripheral devices, etc.
l
Subject has both domestic and foreign markets.
l
Subject can export according to customer’s order.
l
The subject has a
proportion of 50% for export.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
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Components and raw material |
COD, CBD, etc. |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Components and raw material |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Forging presses, single
shaft presses, CR forging roller, peripheral devices, etc. |
COD, CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
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Forging presses, single
shaft presses, CR forging roller, peripheral devices, 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. Ye 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 |
Ms. Ye |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
|
|
1 |
Rs.82.33 |
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Euro |
1 |
Rs.68.19 |
RATING EXPLANATIONS
|
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 |
|
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.