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Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
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Name : |
CHIEN TSAI MACHINERY ENTERPRISE CO., LTD. |
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Registered Office : |
26-1, Shiao Yi Rd., Wugu Dist., New Taipei City 248 |
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Country : |
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Date of Incorporation : |
29.08.1991 |
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Com. Reg. No.: |
86274507 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales
of screw thread rolling machines, etc |
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No. of Employees : |
About 70 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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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: |
26-1, Shiao Yi Rd., Wugu Dist., New Taipei
City 248, 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 address are as above and the supplied address and contact belong to subject’s Kaohsiung branch (Factory).
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Credit Opinion: |
Subject was incorporated on
|
Name |
Subscription Shares |
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Jiancai Chen |
9,600 |
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Guinv Chenguo |
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8,900 |
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Huijun Sun |
10,500 |
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Qingxiong Chen |
10,500 |
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Yajing Chen |
10,500 |
The information above is that of subject’s major shareholders.
Branch (Factory)
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Registered
Number |
28397615 |
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Name |
Kaohsiung Branch
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Manager Name |
Guinv Chenguo |
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Address |
1/F., No. 30, Ben
Gong dong 2 Road, Benzhou Li, Gangshan District, Kaohsiung, Taiwan. |
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Date of
Foundation |
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Date of Last
Annual Return: |
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Telephone Number: |
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Fax Number: |
+886-7-623-3030 |
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E-mail: |
Other related
office and company
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1 |
|
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Name |
Chien Tsai
Machinery - Shanghai Office / Factory |
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Address |
No. 26, |
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Telephone Number: |
+86-21-6959-2966/ 6959-0535 |
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Fax Number: |
+86-21-6959-0420/ 6959-2969 |
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E-mail: |
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2 |
|
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Name |
Jian Ming Metal Industries
Co., Ltd. |
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Address |
No. 35, Lane 39,
Dapu 1st Rd., Gangshan Township, Kaohsiung County 820, Taiwan |
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Telephone Number: |
+886-7-6285858 |
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Fax Number: |
+886-7-6282828 |
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E-mail: |
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Core
Management
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1 |
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Name |
Jiancai Chen |
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Position |
Board Chairman |
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2 |
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Name |
Guinv Chenguo |
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Position |
Director |
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3 |
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Name |
Huijun Sun |
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Position |
Director |
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4 |
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Name |
Qingxiong Chen |
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Position |
Director |
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5 |
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Name |
Yajing Chen |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 70 employees |
Offices
& Factories
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Headquarters |
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Add |
26-1, Shiao Yi Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
Production
Information
l
Subject is engaged in producing and designing screw
thread rolling machines, etc
l
It is introduced that subject’s maximum annual production activity is 2,300
machines
l
Subject has passed ISO9000 certification and
obtained CE MARK certification
Purchase
Information
l
The major registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacture, processing and sales of all kinds of
machinery |
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-- |
Relevant Import and export business of the above
mentioned business |
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-- |
Bidding service, Price Quoting and marketing of
relevant products for domestic and overseas market. |
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-- |
Operating and reinvestment of the above mentioned
business |
l
Subject purchases mainly from domestic market,
while its purchasing all depends on the specific conditions and customers’
demands.
l
The subject is mainly engaged in sales of crew
thread rolling machines, etc
l
Subject’s products are both sold in domestic and
overseas market and its sales region include Taiwan, Japan, Other Asian
Counties, Europe and USA, etc
Major products
sold
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1 |
CTR Series High Speed Automatic Thread
Rolling Machine 30° Feeding |
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2 |
CR Series Automatic Thread
Rolling Machine 90° Feeding |
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3 |
ZR Series Automatic Thread
Rolling |
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 and components, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Raw materials and components, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Crew Thread Rolling Machines, Etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Crew Thread Rolling Machines, Etc |
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 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.
|
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
|
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.