MIRA
INFORM REPORT
|
Report Date : |
18.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
CEC YUH BAW CO., LTD. |
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Registered Office : |
No.35, Kuo Ching Rd., Banqiao Dist., New Taipei City 220 |
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Country : |
Taiwan |
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Date of Incorporation : |
07.03.1998 |
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Com. Reg. No.: |
16541523 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture and trade of hydraulic shock absorbers & precise speed control devices. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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: |
No.35, Kuo Ching Rd., Banqiao Dist., New
Taipei City 220, Taiwan (R.O.C.) |
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Supplied Address: |
No. 35, Guocing Road, banqiao District, New
Taipei City 22062 Panchiao Taipei Hsien Taiwan |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes:
The exact address is as above.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
The staff number
is not available from the subject or other sources.
History
Subject was incorporated on
|
Former English Name |
YUH BAW CO., LTD. |
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Current English Name |
CEC YUH BAW CO., LTD. |
Shareholders
|
Subscription
Share |
|
|
Chaoqin Chen |
200,000 |
|
Chaoren Chen |
|
|
87,000 |
|
|
Yuezhen Chen |
87,000 |
|
Chaoqian Chen |
111,000 |
The information
above is that of subject’s major shareholders.
Subsidiaries & Branches
Personnel Information
Core
Management
Directors
|
1 |
|
|
Name |
Chaoqin Chen |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Chaoren Chen |
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Position |
Director |
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3 |
|
|
Name |
Yuezhen Chen |
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Position |
Director |
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4 |
|
|
Name |
Chaoqian Chen |
|
Position |
Supervisor |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.35, Kuo Ching
Rd., Banqiao Dist., New Taipei City 220, Taiwan (R.O.C.) |
Production
Information
l
Subject is a manufacturer of hydraulic shock absorbers and precise speed
control devices. with the
production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Manufacture of
mechanical equipment |
|
F106010 |
Wholesale of
hardware |
|
F106030 |
Wholesale of
mold |
l
The components and raw material for production are purchased
from both local Taiwan and abroad.
l
The subject is mainly engaged in manufacturing and
trading of hydraulic shock absorbers
and precise speed control devices.
l
Subject introduced that major
products sold as following:
|
|
Product |
|
1 |
Hydraulic Shock
Absorbers SC Series |
|
2 |
Hydraulic Shock
Absorbers FC Series |
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3 |
Hydraulic Shock
Absorbers SCS Series |
|
4 |
Hydraulic Shock
Absorbers SCD Series |
|
5 |
Precise Speed
Controller |
|
6 |
Others |
l
Subject introduced that it obtained the
certification ISO 9001.
l
Subject introduced that its selling territory
covers many countries, such as Europe, the United States and Japan and so on.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Subject declined
the purchase settlements information, and from other sources, we couldn’t
obtain the information, either.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Hydraulic shock absorbers
and precise speed control devices. |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Hydraulic shock
absorbers and precise speed control devices. |
T.T, L/C, 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 declined to disclose its financials citing the
grounds of company’s confidentiality; from other source we can not obtain the
relevant information, either.
Bankers
The bankers’ information is not available from the
subject or other sources.
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. Lin |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.06 |
|
|
1 |
Rs.78.48 |
|
Euro |
1 |
Rs.64.99 |
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.