MIRA INFORM REPORT

 

 

Report Date :

22.06.2012

 

IDENTIFICATION DETAILS

 

Name :

TAY YEAN CO., LTD.

 

 

Registered Office :

No.1, Dougong 7th Rd., Douliou City, Yunlin County 640

 

 

Country :

Taiwan

 

 

Date of Incorporation :

04.07.1997

 

 

Com. Reg. No.:

16056789

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Process and trade of fresh meat.

 

 

No. of Employees :

About 60 Employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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

 


Contact Points

 

Company Name:

TAY YEAN CO., LTD.

Supplied Name:

TAY YEAN CO LTD.

Trading Address:

No.1, Dougong 7th Rd., Douliou City, Yunlin County 640, Taiwan (R.O.C.)

Supplied Address:

No. 1 Doungong 7th Road, Douliou City Yunlin Country 640,Taiwan

Telephone Number:

+886 5-5571258

Fax Number:

+886 5-5570625

E-mail:

tfiajan@gmail.com

Notes:

The exact name and address are as above.

 

Credit Summary

 

Credit Opinion:

Business connections are permissible.

 

Company Identification Details

 

Registered Name:

TAY YEAN CO., LTD.

Registered Address:

No.1, Dougong 7th Rd., Douliou City, Yunlin County 640, Taiwan (R.O.C.)

Date of Foundation:

1997-7-4

Registration Number:

16056789

Registry:

MOEA Central Office

Registered Capital:

NTD 60,000,000 (USD 2,006,110)

(As of 2012.6, 1 NTD = 0.03344 USD)

Legal Representatives:

Lixi Lai

Legal Form:

Limited Liability Company

Principal Activities:

Process and trade of fresh meat.

Staff:

About 60 Employees

Listed at Stock Exchange:

No

Date of Last Annual Return:

2010-9-29

 

History

Subject was incorporated on 1997-7-4 with registered number 16056789 as Limited Liability Company in Taiwan.

 

Shareholders

(Unit: NTD)

Name

Subscription Amount

Lixi Lai

33,000,000       

 

The information above is that of subject’s major shareholders.

 

Subsidiaries & Branches

 

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

 

Personnel Information

 

Core Management

 

Directors

Name

Lixi Lai

Position

Director

 

Personnel Structure

 

Total Employees

About 60 Employees

Operation Information

Offices & Factories

 

 

Headquarters

Add

No.1, Dougong 7th Rd., Douliou City, Yunlin County 640, Taiwan (R.O.C.)

 

Production Information

 

l         Subject is a processor of fresh meat with the production activities

 

Purchase Information

 

l         The registered activities of subject:

Business Code

Details

C101010 

Butchery Industry

C201010 

Manufacture of feed

C103020

Manufacture of frozen food

F102010

Wholesale of frozen food

 

l         The raw materials for production are purchased from local Taiwan.

 

Sales Information

 

l         Subject is mainly engaged in processing and trading of the fresh meat and the related products.

l         Subject introduced that it produces by itself.

l         Subject introduced that its major kind of meat it sells is chicken.

l         Subject introduced that it doesn’t import or export the products, and its selling territory is local Taiwan market.

l         Subject declined to disclose more details about subject.

 

Import and export right:

Import right

Yes

Export right

Yes

 

Settlements

 

Purchase

 

Domestic Purchase (Taiwan)

Product

Payment Terms

Proportion

Material

Cash, Check, etc.

100%

 

Foreign Purchase

Subject doesn’t import.

 

Sales

 

Domestic Markets (Taiwan)

Product

Sales Terms

Proportion

Chicken

Cash, Check, etc.

100%

 

Export

Subject doesn’t export.

 

Financial Information

 

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. Lee declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

 

Bankers

 

The bankers’ information is not available from the subject or other sources.

 

Public Record

 

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.

 

Interview Details

 

Name

Mr. Lee

Mobile Number:

+886 9-8221-7789

Position

Salesman


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.42

UK Pound

1

Rs.88.45

Euro

1

Rs.71.52

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.