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Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
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Name : |
UNITED PROARC CORP. |
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Registered Office : |
No.3, Gungye 10th Rd., Pingjen Industrial Park, Pingjen City, Taoyuan County 324 |
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Country : |
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Date of Incorporation : |
10.02.1966 |
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Com. Reg. No.: |
11994201 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of welding and cutting machinery |
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No. of Employees : |
About 100 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 |
|
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.3, Gungye 10th Rd., Pingjen Industrial
Park, Pingjen City, Taoyuan County 324, Taiwan, R.O.C. |
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Supplied Address: |
No. 3, Gungye 10th Road Pingjen Ind. Park,
Pingjen City Taoyuan 32459 Taiwan |
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Telephone Number: |
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Fax Number: |
Notes:
The exact name and address are as above.
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Credit Opinion: |
Subject was incorporated on
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Former English Name |
UNITED PENTA CORPORATION |
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Current English Name |
UNITED PROARC CORP. |
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Subscription
Shares |
|
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Hongda Li |
515,700 |
|
Zongao Zhou |
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485,320 |
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Qiuming Cai |
210,950 |
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Jingqin Li |
646,500 |
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Longchang Yang |
130,810 |
|
Zhiwen Su |
598,980 |
The information above
is that of subject’s major shareholders.
Core
Management
Directors
|
1 |
|
|
Name |
Hongda Li |
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Position |
Board of Chairman |
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2 |
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Name |
Zongao Zhou |
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Position |
Director |
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3 |
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Name |
Qiuming Cai |
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Position |
Director |
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4 |
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Name |
Jingqin Li |
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Position |
Director |
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5 |
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Name |
Longchang Yang |
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Position |
Director |
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6 |
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Name |
Zhiwen Su |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 100 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.3, Gungye 10th
Rd., Pingjen Industrial Park, Pingjen City, Taoyuan County 324, Taiwan,
R.O.C. |
Production
Information
l
Subject is a manufacturer of welding and cutting machinery with the
production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Manufacture of
machines |
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CA02060 |
Manufacture of
metal container |
|
CA03010 |
Heat treatment
Industry |
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F401010 |
International
trade |
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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 local and abroad.
l
Subject is mainly engaged in manufacturing and
trading of welding and cutting
machinery and the related products.
l
Subject introduced that
it is also a distributor of welding and cutting machinery and the related
products.
l
Subject introduced that it has an own brand named ProArc.
And it also distributes the brands, such as Miller, Rofin Sinar and so on.
l
Subject introduced that
its major
products sold as following:
|
Product |
Sales Region |
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1 |
Cutting System |
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2 |
Welding Products |
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3 |
Auto Drill
Machine |
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4 |
Rea Laser
Cutting System |
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5 |
Automation |
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6 |
Shear Welder and
Bending Rolls |
|
7 |
Others |
l
Subject’s selling territory covers all over the
world.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Subject declined to disclose the settlements information, and from other
sources, we couldn’t obtain the information, either.
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. Liu 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. Liu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
|
1 |
Rs.85.64 |
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Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
|
<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.