MIRA
INFORM REPORT
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Report Date : |
30.01.2012 |
IDENTIFICATION DETAILS
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Name : |
JAN FA INDUSTRIAL CO., LTD |
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Registered Office : |
No.50, Lane 2133, Jen Ai Rd., |
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Country : |
Taiwan |
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Date of Incorporation : |
3.06.1980 |
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Com. Reg. No.: |
50523123 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of machined gray and ductile
iron castings |
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No. of Employees : |
105 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 100,000 |
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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) |
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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 |
Contact
Points
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.50, Lane 2133, Jen Ai Rd., |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes:
The supplied address is incomplete, and the exact address is as above.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
History
Subject was incorporated on
Shareholders
|
Subscription
Shares |
|
|
Jianci Lin |
1,185 |
|
Yingyu Zhanglin |
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|
1,180 |
|
|
Guowei Lin |
1,075 |
|
Guozhi Lin |
1,060 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Taipei Offices:
|
Name |
TWTC, 4D-22, No. 5, Sec. 5, Hsin Yi Rd. 110,
Taipei, Taiwan, R.O.C. |
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Date of Registration |
+886-2-27201896~7 |
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Registered Address |
+886-2-27201891 |
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Telephone Number |
Personnel
Information
Core
Management
Directors
|
1 |
|
|
Name |
Jianci Lin |
|
Position |
Board Chairman |
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2 |
|
|
Name |
Yingyu Zhanglin |
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Position |
Director |
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3 |
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Name |
Guowei Lin |
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Position |
Director |
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4 |
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Name |
Guozhi Lin |
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Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 105 Employees |
Operation
Information
Offices & Factories
|
|
Headquarters |
|
Add |
No.50, Lane
2133, Jen Ai Rd., |
Production Information
Subject is a manufacturer of machined gray and ductile iron castings with the production activities
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
CA01030 |
Manufacture of
steel |
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CA01090 |
Manufacture of cast aluminum |
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CA02010 |
Manufacture of
mental construction material and components |
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CD01030 |
Manufacture of automobile
and related material |
The components and raw material
for production are purchased from both local and abroad.
The subject is mainly engaged in manufacturing and trading of machined gray and ductile iron castings and the related products.
Major products sold as following:
|
Product |
Sales Region |
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1 |
Lost Wax |
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2 |
Sand Molding |
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3 |
Shell Molding |
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4 |
Pump Housing |
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5 |
Machined Casting |
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6 |
Automobile Part |
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7 |
Door Closer
Housing |
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8 |
Pipe / Fitting |
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9 |
BBQ / GAS Burner |
l
Subject’s selling territory covers many
countries, such as Japan, USA, and Europe and so on.
Import
and export right:
|
Import
right |
Yes |
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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 |
|
|
Machined gray
and ductile iron castings. |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Machined gray
and ductile iron castings. |
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 Ms. Lin declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.
Bankers
|
Name |
Bank of Taiwan |
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. Lin |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.64 |
|
|
1 |
Rs.77.79 |
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Euro |
1 |
Rs.65.04 |
RATING EXPLANATIONS
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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 |
|
<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.