MIRA INFORM REPORT
|
Report Date : |
02.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
JON WAI MACHINERY WORKS CO., LTD. |
|
|
|
|
Registered Office : |
No.5, Taying, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
13.01.1982 |
|
|
|
|
Com. Reg. No.: |
69706191 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Sales of machines |
|
|
|
|
No. of Employees : |
More than 20 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Usually Correct |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Taiwan |
a2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.5, Taying, Taying Village, Hsinshih
Dist., Tainan City, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
|
|
Fax Number: |
|
Credit Opinion: |
|
Registered Name: |
Jon Wai Machinery Works Co., Ltd. |
|
Registered
Address: |
No.5, Taying, Taying Village, Hsinshih
Dist., Tainan City, Taiwan (R.O.C.) |
|
Date of
Foundation: |
|
|
Registration
Number: |
|
|
Registry: |
MOEA Central Office |
|
Registered
Capital: |
NTD 300,000,000
(USD 10,380,000) (As of 2011.08, 1 NTD = 0.0346 USD) |
|
Paid-up Capital: |
NTD 300,000,000 (USD 10,380,000) |
|
Legal
Representatives: |
|
|
Legal Form: |
|
|
Principal
Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on 1982-1-13 with registered number 69706191
as Joint Stock Company in Taiwan.
Awards
|
Year |
Awards |
|
2007 |
Blue chip importer and exporter |
|
2008 |
Blue chip importer and exporter |
Standard of Blue chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2007 |
18,000,000 |
|
2008 |
19,000,000 |
|
Name |
Subscription
Shares |
|
2,622,755 |
|
|
|
|
|
755,990 |
|
|
135,230 |
|
|
947,960 |
|
|
1,314,875 |
Notes:
The information above is that
of subject’s major shareholders.
Core Management
|
1 |
|
|
Name |
Xuteng Pan |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Bizhu Panye |
|
Position |
|
|
3 |
|
|
Name |
|
|
Position |
|
|
4 |
|
|
Name |
Longda Zheng |
|
Position |
Director |
|
5 |
|
|
Name |
Lingling Pan |
|
Position |
Auditor |
Personnel Structure
|
Total Employees |
More
than 20 Employees |
Offices & Factories
|
|
Headquarters
|
|
Add |
No.5, Taying,
Taying Village, Hsinshih Dist., Tainan City, Taiwan (R.O.C.) |
Production Information
l
Subject
produces machines such as mold.
Purchase Information
l
The
components and raw material for production are mostly purchased from domestic
markets.
l
The
subject is mainly engaged in sales of machines such as mold.
l
The subject
sells products around the world.
Import and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Purchase
Domestic
Purchase (Taiwan and Mainland, China)
|
Payment
Terms |
Proportion |
|
|
Raw
material |
COD,
etc |
100% |
Foreign
Purchase
The subject seldom
imports.
Sales
Domestic
Markets (Taiwan)
|
Sales
Terms |
Proportion |
|
|
Machines |
CBD,
etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Machines |
CBD,
etc |
100% |
|
Year |
Sales |
|
2010 |
About
USD 6,000,000 |
Notes: The information is from introduction.
|
Name |
Taiwan
Bank |
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 |
Suqing Panzheng |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.31 |
|
UK Pound |
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.