|
Report Date : |
30.06.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
YI SHUENN ENTERPRISE CO., LTD. |
|
|
|
|
Registered Office : |
No.966, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
09.09.2002 |
|
|
|
|
Com. Reg. No.: |
80248362 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Process and trading of stainless steel, carbon steel, roll, tube, flat iron, angle iron, bars and stainless steel pipe fittings, ball valves, fittings, flanges, etc. |
|
|
|
|
No. of Employees : |
About 30-50 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 |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.966, Kaisyuan 4th Rd., Cianjhen District,
Kaohsiung City 80652, Taiwan (R.O.C.) |
|
Supplied Address: |
No. 966, Kaisyuan, 4th Road, Cianjhen
District, Kaohsiung 806 Kaohsiung, Taiwan |
|
Telephone Number: |
+886-7-7218000/7-7925877 |
|
Fax Number: |
Notes:
The exact subject’s name and address are as above mentioned, and the
supplied name is another trade name of subject.
|
Credit Opinion: |
Subject was incorporated on 2002-9-9 with registered
number 80248362 as Private
Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Zhang Jianqiu Min |
10,375,000 |
The information
above is that of subject’s major shareholders.
Core
Management
Directors
|
Name |
Zhang Jianqiu Min |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 30-50 employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.966, Kaisyuan 4th Rd., Cianjhen District, Kaohsiung City 80652,
Taiwan (R.O.C.) |
Production
Information
l
Subject processes stainless steel, carbon steel, roll, tube, flat
iron, angle iron, bars and stainless steel pipe fittings, ball valves,
fittings, flanges, etc.
l
Subject has factory in Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
Besides licensed business, all other business items those are not banned
or restricted.
l
The components and raw material for production are purchased
from domestic.
l
The subject is mainly engaged in processing and
trading of stainless steel, carbon
steel, roll, tube, flat iron, angle iron, bars and stainless steel pipe
fittings, ball valves, fittings, flanges, etc.
l
Subject has both domestic
and foreign markets.
l
Subject exports mainly to European and American
countries.
l
The subject has a
proportion of 50% for export.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw material |
COD, CBD, etc. |
100% |
Foreign Purchase
Notes: Subject seldom imports.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Stainless
steel |
COD, CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Stainless
steel |
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. Yang declined to disclose its financials citing the grounds of company’s confidentiality; 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. Yang |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.31 |
|
UK Pound |
1 |
Rs.88.06 |
|
Euro |
1 |
Rs.70.91 |
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.