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Report Date : |
01.03.2012 |
IDENTIFICATION DETAILS
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Name : |
NIEN MADE ENTERPRISE CO., LTD. |
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Registered Office : |
19F.-1, No.236, Sec. 2, Wucyuan W. Rd., Nantun District, Taichung City 408 |
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Country : |
Taiwan |
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Date of Incorporation : |
26.07.2007 |
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Com. Reg. No.: |
28696894 |
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Legal Form : |
Overseas Company |
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Line of Business : |
Manufacture and trading of blinds, curtains, curtain parts, and decorating materials, etc. |
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No. of Employees : |
About 12,000 Employees (Group) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 40,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Exists |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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: |
Nien Made Enterprise Co., Ltd. |
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Supplied Name: |
Nien Made Enterprise Co Ltd |
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Trading Address: |
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Supplied Address: |
19 F No 236 Sec 2, Wuchinan West Road Taiching Taiwan |
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Telephone Number: |
+886-4-24727621 |
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Fax Number: |
+886-4-24722611 |
Notes:
The exact subject’s name and address are as above mentioned.
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Credit Rating: |
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Credit Opinion: |
Subject was incorporated on 2007-7-26 with registered
number 28696894 as Overseas Company in Taiwan.
Change of Name
|
Former Chinese
Name |
環球視景股份有限公司 |
|
Current Chinese
Name |
億豐綜合工業股份有限公司 |
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Former English
Name |
Global Viewcomp Company
Limited |
|
Current English
Name |
Nien Made Enterprise Co., Ltd. |
|
Name |
Subscription Shares |
|
Genghao Zhan |
698,000,000 |
| Zhaohong
Zhan |
698,000,000 |
|
Xiqin Zhuang |
698,000,000 |
|
Ping Peng |
698,000,000 |
|
Lingfang Huang |
698,000,000 |
The information
above is that of subject’s major shareholders.
Affiliated
Companies
|
Name |
Norm Pacific
Automation Corp. |
|
Registered
Address |
|
|
Telephone Number |
+886-35599123 |
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Fax Number |
+886-35599130 |
Subsidiary Companies
|
1 |
|
|
Name |
Nien Made (Guangdong) Enterprise Co., Ltd. |
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Address |
Guoji Ave.,
Tutang Management Zone, Changping Town, Dongguan, Guangdong, China |
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2 |
|
|
Name |
Nien Made (Dongguan) Enterprise Co., Ltd. |
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Address |
Longjiantian Industrial Area, Huangjiang Town, Dongguan, Guangdong, China |
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3 |
|
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Name |
Norman
International Company |
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Address |
12301 Hawkins
St. Santa Fe Springs, CA 90670, U.S.A. |
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4 |
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Name |
Nien Made
(U.S.A.) Inc. |
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Address |
13712 Alondra
Blvd., Cerritos, CA 90703 U.S.A. |
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5 |
|
|
Name |
Atlanta Office |
|
Address |
1705 Enterprise
Way Suite 102 Marietta, GA 30067 |
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6 |
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|
Name |
Bentonville
Office |
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Address |
902 SE 5th
Street. Unit 4A Bentonville, Arkansas 60440 |
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7 |
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Name |
European Office |
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Address |
Pompoenweg 9
2321 DK Leiden The Netherlands |
Core
Management
|
1 |
|
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Name |
Genghao Zhan |
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Position |
Chairman |
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Date of
Appointment |
2010-6-25 |
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2 |
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Name |
Zhaohong Zhan |
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Position |
Director |
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3 |
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|
Name |
Xiqin Zhuang |
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Position |
Director |
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4 |
|
|
Name |
Ping Peng |
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Position |
Director |
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5 |
|
|
Name |
Lingfang Huang |
|
Position |
Supervisor |
Offices
& Factories
|
|
Headquarters |
|
Add |
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Production
Information
l
Subject produces various piping, blinds, curtains,
curtain parts, and decorating materials, etc.
l
Subject has its factory in the mainland of China.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International trade |
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C805990 |
Manufacture of other articles of plastics |
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C399990 |
Manufacture of Other textile products |
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C501990 |
Manufacture of Other wood products |
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C801100 |
Manufacture of Synthetic resin and plastic |
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CA01100 |
Rolling, drawing, and
Extruding |
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CA02010 |
Manufacturing of metal
structures and architectural elements |
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C601990 |
Other Paper Products
Manufacturing |
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CB01010 |
Machinery and Equipment
Manufacturing |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
The components and raw material for production are
purchased from both domestic and foreign markets.
l
The subject has a
proportion of 50% for Import
l
The subject is mainly engaged in manufacturing and
processing of various piping, and decorating materials, etc.
l
Subject’s products
include shutters, blinds, shades, photo galleries, etc.
l
Subject has both domestic
and foreign markets.
l
Subject exports to America, Europe, Asia, etc.
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
|
Payment Terms |
Proportion |
|
|
Raw material |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Decorating materials, etc. |
CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Decorating materials, 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’s relevant staff 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
|
1 |
|
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Court No.: |
92, In
Brief,2756 |
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Date: |
2003-12-25 |
|
Payment of the fare |
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2 |
|
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Court No.: |
92, Of complement,199 |
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Date: |
2003-10-1 |
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Reason: |
Payment of the fare |
Note:
The woman who answered the telephone declined to introduce her name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.94 |
|
|
1 |
Rs.77.95 |
|
Euro |
1 |
Rs.65.94 |
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 |
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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.