|
Report Date : |
20.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
AFA INDUSTRIES MED LTD. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
09.02.2007 |
|
|
|
|
Com. Reg. No.: |
28578377 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture and sales of medical equipments |
|
|
|
|
No. of Employees : |
About 30 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
|
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-8512-1168 |
|
Fax Number: |
|
|
E-mail: |
Notes: Subject’s exact name and address are as above.
|
Credit Opinion: |
|
Registered Name: |
AFA Industries Med Ltd. |
|
Registered Address: |
|
|
Date of Foundation: |
|
|
Registration Number: |
28578377 |
|
Registry: |
New Taipei City
Government |
|
Registered
Capital: |
(As of 2012.06 1
NTD = 0.0335 USD) |
|
Legal
Representatives: |
Jinrui Huang |
|
Legal Form: |
|
|
Principal
Activities: |
|
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject was incorporated on
|
Name |
Subscription Amount |
|
Jinrui Huang |
1,875,000 |
The information above is that of subject’s major shareholders.
Factory
|
Address: |
|
Core
Management
|
Name |
Jinrui Huang |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 30 employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
|
Production
Information
l
Subject is a manufacturer of medical equipments and
subject has a factory in Taiwan for production.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Manufacture of mechanical equipment |
|
CB01020 |
Manufacture of office equipment |
|
CE01010 |
Manufacture of general instrument |
|
CC01030 |
Manufacture of electronic appliance and Seeing and
hearing electronic product |
|
CC01080 |
Manufacture of electronic components |
|
E605010 |
Installation of computer equipment |
|
F108031 |
|
|
F208031 |
|
|
F113020 |
Wholesale of electronic appliance |
|
F113030 |
Wholesales of precise
instruments |
|
F113050 |
Wholesales of computer and Routine machine
equipment |
|
F118010 |
Wholesales of information software |
|
F119010 |
Wholesales of electronic materials |
|
F108040 |
Wholesales of cosmetics |
|
F105050 |
Wholesales of furniture, bedding products,
kitchenware and Installed product |
|
F111090 |
Wholesales of building materials |
|
I301010 |
Information software services |
|
F401010 |
International trading business |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases both at home and abroad and it is
introduced that subject’s purchasing all depends on specific condition.
l
The subject is mainly engaged in sales of medical
equipment, etc
l
Subject has its own brand named “AFA”
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject’s sales business mainly focus
on export.
Major products
sold
|
1 |
Autoclave: from tabletop to stand type. |
|
2 |
Operating table: from manual to full electric
control. |
|
3 |
Gynecological table. |
|
4 |
Operating light. |
|
5 |
Suction
units |
|
6 |
E.N.T.
treatment unit. |
|
7 |
Ambulance
equipments. |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials and components, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
Subject did not introduce its import terms
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Medical equipment |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Medical equipment |
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 Mr. Yang 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 |
Mr. Yang |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.01 |
|
UK Pound |
1 |
Rs.87.85 |
|
Euro |
1 |
Rs.70.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
---- |
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.