MIRA INFORM REPORT

 

 

Report Date :

04.06.2012

 

IDENTIFICATION DETAILS

 

Name :

CHUAN CHYI MACHINE CO., LTD.

 

 

Registered Office :

No.23, Chin Kao Rd., Pu Hsin Hsiang, Changhua

 

 

Country :

Taiwan

 

 

Date of Incorporation :

05.10.1977

 

 

Com. Reg. No.:

60233469

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture and sales of shoe making machines, etc

 

 

No. of Employees :

Over 100 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 :

No Complaints

 

 

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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Contact Points

 

Company Name:

Chuan Chyi Machine Co., Ltd.

Supplied Name:

Chuan Chyi Machine Co Ltd.

Trading Address:

No.23, Chin Kao Rd., Pu Hsin Hsiang, Changhua, Taiwan R.O.C.

Supplied Address:

No. 23, Chin Kao Road, Pu Hsin Hsiang Changhua

Telephone Number:

+886-4-8226111

Fax Number:

+886-4-8229111

E-mail:

sales@ccmcl.com.tw 

Notes: Subject’s exact name and address are as above.

 

 

Credit Summary

 

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Chuan Chyi Machine Co., Ltd.

Registered Address:

No.23, Chin Kao Rd., Pu Hsin Hsiang, Changhua, Taiwan R.O.C.

Date of Foundation:

1977-10-5

Registration Number:

60233469

Registry:

MOEA Central Office

Registered Capital:

NTD 36,660,000 (USD 1,239,108)

(As of 2012.06, 1 NTD = 0.0338 USD)

Paid-up Capital:

NTD 36,660,000 (USD 1,239,108)

Legal Representatives:

Liangcun Zhang

Legal Form:

Joint Stock Company

Principal Activities:

Manufacture and sales of shoe making machines, etc

Staff:

Over 100 employees

Listed at Stock Exchange:

No

Date of Last Annual Return:

2009-12-8

 

 

History

 

Subject was incorporated on 1977-10-5 with registered number 60233469 as Joint Stock Company in Taiwan.

 

 

Shareholders

 

           

Name

Subscription Shares

Liangcun Zhang

2,828,400
Mingli Zhang

53,560

Mingquan Zhang

36,630

Yufeng Zhangcai

712,810

 

The information above is that of subject’s major shareholders.

 

Subsidiaries & Branches

 

Factories

Address:

No.23, Chin Kao Rd., Pu Hsin Hsiang, Changhua, Taiwan R.O.C.

Telephone Number:

+886-4-8226111

Fax Number:

+886-4-8229111

 

Branches

1

Name

Guangzhou  Service Center

Address

No. 68, Chi Ni Avenue, Chi Ni Town, Hua-Du Area, Guangzhou City, Guangdong, China.

Tel

+86-20-86719111

Fax

+86-20-86714868

2

Name

Dong Guan Service Center

Address

13 Xiang Qian No.2s ,Song Shan Road ,He Tian Dong Tou Village ,Hou Jie Cheng ,Dong Guan City ,Guang Dong Province, China

TEL

+86-769-5585736

FAX

+86-769-5826157

3

Name

Zhong Shan Service Center

Address

No.15 ,South District ,Xin Di Xin Village ,in back of Xin He Supermarket, San Xiang Cheng  ,Zhong Shan City ,Guang Dong Province, China

TEL

+86-760-6338746

4

Name

Quan Zhou Service Center

Address

 405 Room ,Bao Zhou Hua Yuan one Dong ,Feng Ze District ,Quan Zhou City ,Fu Jian Province, China

Mobile phone

+86-138-05004756

5

Name:

Wen Zhou Service Center

Address

No.343 ,Wu Tian Da Dao ,Nan Bai Xiang Cheng ,Ou Hai District ,Wen Zhou City ,Zhe Jiang Province, China

TEL

+86-577-86718850

Mobile phone

+86-138-57718936

6

Name:

Vietnam Service Center

Address

No.69 ,Yi Shu Street ,Fifth  Fang ,Fifth Jun ,The Hu Zhi Ming City,Vietnam

Mobile phone

+84-90-3949938/ +84-90-3759506

FAX

+84-8-8768902

7

Name

Indonesia Service Center

Address

Pt.Pou Chen Indonesia Jl.Raya Serang Km71 ds. Tambak-kec. Cikande kab. Serang-Jawa Barat Indonesia

Mobile phone

+62-818-743948

FAX

+62-254-401673

 

 

Personnel Information

 

Core Management

Directors

1

Name

Liangcun Zhang

Position

Board Chairman

2

Name

Mingli Zhang

Position

Director

3

Name

Mingquan Zhang

Position

Director

4

Name

Yufeng Zhangcai

Position

Supervisor

 

Personnel Structure

Total Employees

Over 100 employees

 

 

 

 

 

Operation Information

 

Offices & Factories

 

Headquarters

Add

No.23, Chin Kao Rd., Pu Hsin Hsiang, Changhua, Taiwan R.O.C.

 

Production Information

l         Subject is a manufacturer of shoe making machines, etc

l         Subject has obtained the certification of CE since 1999 and ISO9001 since March, 2001

 

Purchase Information

l         The registered activities of subject:

1

Manufacture and sales of all kinds of Shoemaking machines, conveying machines, plastic machines and components

2

Manufacture and sales of general machine elements

3

Import and export for the above mentioned business

l         Subject purchases both at home and abroad.

 

Sales Information

l         The subject is mainly engaged in sales of shoemaking machines, etc

l         Subject’s products are both sold in domestic and overseas market and subject sells the products to USA, Mexico, Japan, Africa, the mainland of China and South East Asian countries

l         Subject’s major customers are Shoe-making factories, etc

 

Major products and service 

No.

Products types

1

Cement Drying And Active Shaping Series

2

Heat Forming

3

Assembly Series

4

Chiller

5

Humidity Machine

6

Upper-Conditioning

7

Back Counter Moulding

8

Back Counter Moulding

9

Sole Line Assembling

10

Heating Oven

11

Coolair Reticular Sryer

12

Sole Attaching

13

Unitary Series

 

Import and export right:

Import right

Yes

Export right

Yes

 

 

Settlements

 

Purchase

Domestic Purchase

Product

Payment Terms

Proportion

Raw materials and components, etc

COD, Credit Sales, etc

100%

 

Foreign Purchase

Product

Payment Terms

Proportion

Raw materials and components, etc

CBD, etc

100%

 

Sales

Domestic Markets

Product

Sales Terms

Proportion

Shoe making machines, etc

CBD, etc

100%

 

 

Export

Product

Sales Terms

Proportion

Shoe making machines, etc

CBD, etc

100%

Notes: the detailed 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.55.92

UK Pound

1

Rs.86.03

Euro

1

Rs.69.13

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.