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Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
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Name : |
CHEN JUNG METAL MATERIALS CO., LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
26.01.1987 |
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Com. Reg. No.: |
22261719 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
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No. of Employees : |
About 48 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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) |
|
|
A2 |
A2 |
|
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.56 Lane 320 Industrial 2nd Road, Lin Yuan
Hsiang, Kaohsiung, Taiwan R.O.C |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and trading address are as above and the supplied one is the registered address of subject.
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Credit Opinion: |
Subject was incorporated
on
Awards
|
Year |
Awards |
|
2008 |
Blue chip
importer and exporter |
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2009 |
Blue chip
importer and exporter |
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2010 |
Blue chip
importer and exporter |
Standard of Blue chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2008 |
19,000,000 |
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2009 |
15,000,000 |
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2010 |
20,000,000 |
|
Name |
Subscription Shares |
|
Jinlu Lin |
6,097,399 |
|
Jiqing Lin |
|
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4,209,928 |
|
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Jinji Lin |
2,842,458 |
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Ruiyun Linli |
1,236,641 |
The information above is that of subject’s major shareholders.
It is introduced that subject has cooperative manufacturers in the mainland
of China, while the details are not disclosed.
Core
Management
|
1 |
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Name |
Jinlu Lin |
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Position |
Board Chairman |
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2 |
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Name |
Jiqing Lin |
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Position |
Director |
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3 |
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Name |
Jinji Lin |
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Position |
Director |
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4 |
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Name |
Ruiyun Linli |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 48 employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.56 Lane 320 Industrial 2nd Road, Lin Yuan Hsiang, Kaohsiung, Taiwan
R.O.C |
Production
Information
l
Subject is engaged in processing of aluminium ingot
l
Subject has obtain the certification of ISO 9001;
2008
l
It is introduced that subject’s production capacity
reaches 3,500 tons per month
l
It is introduced that subject has factory in Taiwan
and cooperative manufacturer in the mainland of China for processing.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International Trading Business |
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F115020 |
Wholesales of mineral ore |
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F199990 |
Other wholesales |
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CA01080 |
aluminum processing |
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CA01090 |
Aluminum foundry industry |
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CA01100 |
Rolling, wire
bracing and Extrusion of aluminium products |
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ZZ99999 |
Besides licensed business, all other business items
those are not banned or restricted. |
l
Subject purchases metal scraps mainly from foreign
countries such USA, etc
l
The subject is mainly engaged in sales of aluminium ingots
l
Subject’s products are applied to manufacture of automobile parts
and shells, etc
l
It is introduced that subject can supply customized
service according to the application of aluminium
ingots.
l
Subject’s products are both sold in domestic and
overseas market
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
Subject has little domestic purchase
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Metal scraps, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
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CBD, COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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CBD, etc |
100% |
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. Lin 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
Up to date of
reporting, no existing or latent litigation of the subject has been found.
|
Name |
Ms. Lin |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
UK Pound |
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
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 |
|
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.