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Report Date : |
07.07.2012 |
IDENTIFICATION DETAILS
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Name : |
KAI CHING INDUSTRY CO., LTD. |
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Registered Office : |
No.255, |
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Country : |
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Date of Incorporation : |
08.02.1977 |
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Com. Reg. No.: |
81102914 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of galvanized and prepainted steel products |
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No. of Employees : |
About 100 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.255, Ta Han Rd., Daliao Dist., Kaohsiung
City 831, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886- 7-702-3111-5 |
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Fax Number: |
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E-mail: |
Notes:
The exact address is as above.
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Credit Opinion: |
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Registered Name: |
Kai Ching Industry Co., Ltd. |
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Registered Address: |
No.255, Ta Han Rd., Daliao Dist., Kaohsiung City 831, Taiwan (R.O.C.) |
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Date of Foundation: |
1977-2-8 |
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Registration Number: |
81102914 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 600,000,000
(USD 20,100,000) (As of 2012.07, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 565,440,000 (USD 18,942,240) |
|
Legal Representatives: |
Sixin Cengchen |
|
Legal Form: |
|
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Principal Activities: |
Manufacture and trade
of galvanized and prepainted steel products |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
Subject was incorporated on 1977-2-8 with registered number 81102914 as Joint Stock Company in Taiwan.
Awards
|
Year
|
Awards
|
|
2008 |
Blue
chip importer and exporter |
|
2009 |
Blue
chip importer and exporter |
|
2010 |
Blue
chip importer and exporter |
Standard of Blue chip importer and
exporter
Unit: USD
|
Year |
Amount |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
|
Name |
Subscription Shares |
|
Chuanli Chen |
3,217,353 |
The information above is that of subject’s major shareholders.
Related Company
|
1 |
|
|
Name: |
Fujian Kaijing Steel Development Co., Ltd. |
|
Address: |
19 Jiaomei
Industrial Zone，Longhai City, Fujian Province, China |
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Telephone
Number: |
+86-596-676-6251 |
|
Fax Number: |
+86-596-6766253 |
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Principal
Activities: |
Manufacturing
and sales of cold-rolling steel, galvanizing steel, color-coating steel |
|
2 |
|
|
Name: |
Zhongshan Kaifa
Metal Co., Ltd. |
|
Address: |
32 Tanbei Dong 2nd
Ave., Dongsheng, Zhongshan City, Guangdong Province, China |
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Telephone
Number: |
+86-760-8500704 |
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Fax Number: |
+86-760-8509966 |
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Principal
Activities: |
Manufacturing
and installation structure steel |
Core Management
|
1 |
|
|
Name |
Sixin Zengchen |
|
Position |
Chairman |
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2 |
|
|
Name |
Zhenchang Chen |
|
Position |
Director |
|
3 |
|
|
Name |
Chuanli Chen |
|
Position |
Director |
|
4 |
|
|
Name |
Wuzheng Peng |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 100 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.255, Ta Han Rd., Daliao Dist., Kaohsiung City 831, Taiwan (R.O.C.) |
Production
Information
l
Subject is engaged in manufacturing of galvanized and prepainted steel products,
etc.
l
It is introduced that
subject’s Taiwan factory area is 19,500 square meters; and there are two
factories in mainland China, called Fujian Kaijing Steel Development Co., Ltd.
and Zhongshan Kaifa Metal Co., Ltd
l
It is introduced that
subject has four lines for production; there are one continuous precoating
line, one slitting line, two leveling and shearing lines, respectively.
l
The annual capacity of continuous
precoating line is 90,000 metric ton.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
E801020 |
Installation of windows and doors |
|
CA01020 |
Rolling of steel |
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CA01050 |
Processing of steel secondary operation |
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CA04010 |
Treatment with metal surface |
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CA03010 |
Heat treatment of metal |
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CB01010 |
Manufacturing of mechanical equipment |
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F401010 |
International trade |
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CA01090 |
Casting of aluminum |
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C801010 |
Basic chemical trade |
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C802200 |
Manufacturing of coating, paint, dye and pigment |
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CA01990 |
Basic business of other nonferrous metal |
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CA02090 |
Manufacturing of metal wire |
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CA02990 |
Manufacturing of other metal products |
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CB01990 |
Manufacturing of other mechanical equipment |
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F211010 |
Retail of building materials |
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C901990 |
Manufacturing of other nonmetal mineral products |
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CA01060 |
Manufacturing of steel wire and wirerope |
|
CA02010 |
Manufacturing of metal construction building
component |
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CC01080 |
Manufacturing of electronic component |
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CD01030 |
Manufacturing of automobile and its parts |
|
CD01040 |
Manufacturing of motor and its parts |
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F106010 |
Wholesale of ironware |
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F111090 |
Wholesale of building materials |
|
F113010 |
Wholesale of machinery |
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F199990 |
Wholesale of other products |
|
F206010 |
Retail of ironware |
|
F213080 |
Retail of mechanical appliances |
|
H701040 |
Development of specific professional area |
|
H701060 |
Development of new town and new community |
|
H701070 |
Agency service for levying section and
redistricting district |
|
ZZ99999 |
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 in domestic market and abroad.
l
Subject is engaged in sales of galvanized and prepainted steel products,
etc.
l
Subject’s sales regions
include Taiwan domestic market, mainland China, Southeast Asia, America,
Europe, etc.
l
Subject obtained
certification of ISO 9001.
Major products
sold
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|
Product |
|
1 |
Prepainted color steel coils |
|
2 |
Galvanized steel coils |
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3 |
Light structure steel |
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4 |
Stainless steel materials |
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5 |
T-bar partition materials |
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6 |
All kinds of parts and color strips for shutter
doors |
|
7 |
Slitted or sheared PPGI, GI, CR, HR, stainless
steel etc |
|
8 |
Toll slitting & shearing |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
Components and raw material |
COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw material |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan and Mainland, China)
|
Sales Terms |
Proportion |
|
|
Galvanized and
prepainted steel products |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Galvanized and
prepainted steel products |
CBD, etc |
100% |
Notes: Subject’s settlement for export is generally in USD
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. Zhang declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
The bankers’ information is not available from the subject or other
sources.
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 |
Ms. Zhang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.42 |
|
UK Pound |
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.68.61 |
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 |
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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 |
|
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 |
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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 |
---- |
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.