MIRA INFORM REPORT
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Report Date : |
31.01.2012 |
IDENTIFICATION DETAILS
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Name : |
HSIN CHIEN INDUSTRIAL CO., LTD. |
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Formerly Known As : |
KING TA-PENG STONE CO., LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
18.12.1995 |
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Com. Reg. No.: |
89637118 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales
of building materials, etc. |
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No. of Employees
: |
Not Available |
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 40,000 |
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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 |
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: |
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Telephone Number: |
+886-2-2836-6059/ 6106 |
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Fax Number: |
Notes: Subject’s exact name and address are as above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
Notes: Staff information is not available from subject or other sources.
History
Subject was incorporated on
Change of Name
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Former Chinese Name |
金大鵬石材股份有限公司 (Jin Dapeng Stone Co., Ltd.) |
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Current Chinese Name |
建興石業股份有限公司 (Lite-Stone Industry Co., Ltd.) |
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Former English Name |
KING TA-PENG STONE CO., LTD. |
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Current English Name |
HSIN CHIEN INDUSTRIAL CO., LTD. |
Awards
|
Year |
Awards |
|
2008 |
Blue chip
importer and exporter |
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2009 |
Blue chip
importer and exporter |
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2010 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
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2008 |
19,000,000 |
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2009 |
15,000,000 |
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2010 |
20,000,000 |
Shareholders
|
Name |
Subscription
Shares |
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Jianyao Huang |
100 |
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Youcheng Huang |
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9,800 |
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Wentong Huang |
15,100 |
|
Jiasheng He |
9,800 |
The information
above is that of subject’s major shareholders.
Subsidiaries &
Branches
Branch (factory):
|
Name: |
Hualian Branch |
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Registered
Number |
80193161 |
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Manager Name: |
Wentong Huang |
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Registered
Address: |
8-1, Huagong 4
Road, Jian Township. Hualian County, Taiwan |
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Date of
Registration |
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Date of Last
Annual Return: |
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Personnel
Information
Core
Management
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1 |
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Name |
Jianyao Huang |
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Position |
Board Chairman |
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2 |
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Name |
Youcheng Huang |
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Position |
Director |
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3 |
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Name |
Wentong Huang |
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Position |
Director |
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Date of
Appointment |
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4 |
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Name |
Jiasheng He |
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Position |
Supervisor |
Operation
Information
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject is a manufacturer of marbles
l
It is introduced
that subject’s monthly production activities can reach
Purchase
Information
l
The registered activities of subject:
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Business Code |
Details |
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C901070 |
Manufacture of dimension stones, etc |
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F105050 |
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F106010 |
Wholesales of hardware |
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F111090 |
Wholesales of building materials |
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F115020 |
Wholesales of minerals |
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F205040 |
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F206010 |
Retails of hardware |
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F215020 |
Retails of minerals |
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F211010 |
Retails of building materials |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases raw materials both at home and
abroad.
l
The subject is mainly engaged in sales of building
materials including marble, moorstone, etc
l
Subject’s products are mainly sold in local market,
while it is introduced that overseas customers are not declined.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
Subject has little domestic purchase.
Foreign Purchase
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Payment Terms |
Proportion |
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Raw materials, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Building materials, etc |
CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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Building materials, etc |
CBD, etc |
100% |
Notes: Subject mainly serves domestic customers and the export settlement is to
be negotiated.
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 declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Bankers
Subject declined to disclose its bank details; 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
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.50 |
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UK Pound |
1 |
Rs.77.74 |
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Euro |
1 |
Rs.65.19 |
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.