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Report Date : |
05.06.2012 |
IDENTIFICATION DETAILS
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Name : |
EVERISING MACHINE COMPANY |
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Registered Office : |
No.1, |
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Country : |
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Date of Incorporation : |
23.06.1982 |
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Com. Reg. No.: |
52686707 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of saws, etc |
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No. of Employees : |
About 180 employees ( |
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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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 |
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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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.1, Jingke 1st Rd., Nantun District,
Taichung City 408, Taiwan, R.O.C. |
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Supplied Address: |
No. 1, Jingke, 1st Road, Nantun District,
Taichung 408, Taiwan ROC |
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Telephone Number: |
+886-4-2350-5300/2359-3178 |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and address are as above.
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Credit Opinion: |
Subject was incorporated on
Awards
|
Year |
Awards |
|
2008 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2008 |
19,000,000 |
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Name |
Subscription Shares |
|
Shujia Zhao |
3,096,000 |
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Dunli Ke |
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3,096,000 |
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Cangming Zhuang |
2,952,000 |
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Fengshi Wang |
1,476,000 |
The information above is that of subject’s major shareholders.
Factories
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1 |
|
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Address: |
No.1, Jingke 1st Rd., Nantun District, Taichung City 408, Taiwan,
R.O.C. |
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Telephone Number: |
+886-4-2350-5300/2359-3178 |
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Fax Number: |
+886-4-2350-5420/2359-3410 |
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2 |
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Address: |
Kunshan , China |
It is introduced that subject has sales offices in Taipei, Taichung ,
Tainan and Kaohsiung .
And in China it also has over ten branch offices and service centers
throughout, providing pre-sales and after-sales services.
Core Management
|
1 |
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Name |
Shujia Zhao |
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Position |
Board Chairman |
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2 |
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Name |
Dunli Ke |
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Position |
Director |
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3 |
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Name |
Cangming Zhuang |
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Position |
Director |
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4 |
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Name |
Fengshi Wang |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 180 employees (Taiwan) |
Offices
& Factories
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Headquarters |
|
Add |
No.1, Jingke 1st Rd., Nantun District, Taichung City 408, Taiwan,
R.O.C. |
Production
Information
l
Subject is a manufacturers of large size band saws
and circular saws, etc
l
It is introduced that Subject has factories in
Taiwan and the mainland of China and the yearly output is in excess of 2,000
units
l
It is introduced that subject has obtained the CE
certification since 1994, ISO 9001 since 1995.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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CB01010 |
Manufacture of other mechanical equipment |
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CB01990 |
Manufacture of other machinery |
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CD01030 |
Manufacture of automobile
and related parts |
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CD01040 |
Manufacture of motorcycles and related parts |
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F113010 |
Wholesales of machinery |
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F114030 |
Wholesales of automobile
parts and motorcycles parts |
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F113990 |
Wholesales of other chemical equipment |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases raw materials mainly from
domestic market of Taiwan and the mainland of China
l
The subject is mainly engaged in sales of large
size band saws and circular saws, etc
l
Subject has its own brand named EVERISING
l
Subject’s products are sold to over 40 countries
and it is introduced that subject sells its products through agents in
different regions.
Major products
sold
|
1 |
Band Saw |
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2 |
Circular Saw |
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3 |
Hyper-Cutting Saw |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Raw materials, etc |
COD, Credit sales, etc |
100% |
Foreign Purchase
Subject has little
import
Sales
Subject sells its products through the agents, and subject did not
introduce the settlement with agents
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. Zhao declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Subject declined to disclose its bank details; from other source we can not obtain the relevant information, either.
Mortgage
No chattel mortgage record of subject has been
found within the recent 3 months.
Lawsuit
Date: 2002-10-16
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Trial Number |
91,中簡,2562 |
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Trial Date |
911016 |
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Reason |
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2 |
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Trial Number |
91,中簡,2562 |
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Trial Date |
911016 |
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Reason |
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Name |
Ms. Zhao |
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Department |
Sales department |
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E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.52 |
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UK Pound |
1 |
Rs.85.29 |
|
Euro |
1 |
Rs.68.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
---- |
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.