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Report Date : |
15.06.2012 |
IDENTIFICATION DETAILS
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Name : |
ASIA KINGDOM MACHINERY INDUSTRY CO., LTD. |
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Registered Office : |
No.19, Lane Ho Mei, Sec.2, |
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Country : |
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Date of Incorporation : |
15.04.1987 |
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Com. Reg. No.: |
22479408 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture and sales of dyeing machine, etc. |
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No. of Employees : |
Not Available |
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) |
|
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.19, Lane Ho Mei, Sec.2, Nankan Rd., Luchu
Hsiang, Taoyuan Hsien, Taiwan, R.O.C. |
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Supplied Address: |
No. 19 her Meei Lane, Section 2, Nan-Kaan
Road, Lu-Jwu Hsiang, Tao-Yuan Hsiang Taiwan |
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Telephone Number: |
+886-3-3222311 |
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Fax Number: |
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E-mail: |
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Website: |
The correct name and address are as above mentioned.
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Credit Opinion: |
Subject declined
to disclose its number of staff; from other source, we cannot obtain the relevant
information, either.
Subject was incorporated on
Awards
|
Year |
Awards |
|
2010 |
Blue chip importer and exporter |
Standard of Blue chip
importer and exporter
Unit: USD
|
Year |
Amount |
|
2010 |
20,000,000 |
|
Name |
Subscription Shares |
|
Qingchuan Lin |
12,395 |
|
Meixiang Lilin |
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|
13 |
|
|
Weiting Lin |
4,546 |
The information above
is that of subject’s major shareholders.
Subsidiary Companies
|
Name |
Asia Kingdom Machinery Shanghai Office |
|
Address |
Rm 1204, No. 3,
791 Nong , Ling Lin Road, Shanghai, China |
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Telephone Number |
+86-21-6486-6666 |
Core
Management
Directors
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1 |
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Name |
Qingchuan Lin |
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Position |
Chairman |
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2 |
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Name |
Meixiang Lilin |
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Position |
Director |
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3 |
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Name |
Weiting Lin |
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Position |
Director |
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4 |
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Name |
Liyun Linzheng |
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Position |
Supervisor |
Offices
& Factories
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Headquarters |
|
Add |
No.19, Lane Ho Mei, Sec.2, Nankan Rd., Luchu Hsiang, Taoyuan Hsien,
Taiwan, R.O.C. |
Production
Information
l
Subject is engaged in manufacturing of dyeing
machine, etc.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CA01050 |
Steel secondary processing industry |
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CA02050 |
Manufacture of valves |
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CA02060 |
Manufacture of metal container |
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CA02990 |
Manufacture of other metal products |
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CA04010 |
Surface treatment industry |
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CB01010 |
Manufacture of mechanical equipment |
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F213080 |
Retail of mechanical appliances |
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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
mostly purchased from Taiwan and the mainland China.
l
Subject is engaged in sales of dyeing machine, etc.
l
Subject products are applied to printing and dyeing
mill, etc.
l
Subject’s main sales regions cover Asian countries.
l
Major products
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AK-SL Dual Flow
Dyeing Machine |
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AK-ISL Dual Flow
Rapid Dyeing Machine |
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AK-DSL Dyeing
Machine |
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AK-QAO Rapid
Dyeing Machine |
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AK-REO
Normal Temperature Soft Dyeing Machine |
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Sampling
Dyeing Machine Series |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
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Components and raw material |
COD,CBD, etc |
100% |
Foreign Purchase
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
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Dyeing machine, etc. |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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dyeing machine, etc. |
CBD, etc |
100% |
Notes: Subject’s settlement for export is generally in USD
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 Mr. 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
cannot 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 |
Mr. Lin |
|
Position |
Sales |
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Department |
Sales Department |
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E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.79 |
|
|
1 |
Rs.86.37 |
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Euro |
1 |
Rs.70.07 |
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 |
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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.