MIRA INFORM REPORT

 

 

Report Date :           

06.03.2012

 

IDENTIFICATION DETAILS

 

Name :

PERFECT MEDICAL INDUSTRY CO., LTD.

 

 

Registered Office :

100 Shin Gong 1Rd, Pei Pou Industrial Park Chang Hwa Hsien

 

 

Country :

Taiwan

 

 

Date of Incorporation :

17.04.1989

 

 

Com. Reg. No.:

23243578

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture and sales of medical products, etc.

 

 

No. of Employees :

About 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

 

Maximum Credit Limit :

USD 30,000

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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:

Perfect Medical Industry Co., Ltd.

Supplied Name:

Perfect Medical Industry Co

Trading Address:

100 Shin Gong 1Rd, Pei Pou Industrial Park Chang Hwa Hsien, Taiwan R.O.C.

Supplied Address:

No 100, Shin Gong Ird Pei Dou Zhen Chang Hwa Hsien Taiwan

Telephone Number:

+886-4-8887998

Fax Number:

+886-4-8887996

Notes:

The exact subject’s name and address are as above mentioned.

 

 

Credit Summary

 

Credit Rating:

Maximum credit USD 30,000

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Perfect Medical Industry Co., Ltd.

Registered Address:

100 Shin Gong 1Rd, Pei Pou Industrial Park Chang Hwa Hsien, Taiwan R.O.C.

Date of Foundation:

1989-4-17

Registration Number:

23243578

Registry:

Ministry of Economic Affairs Central Office

Registered Capital:

NTD 250,000,000.00 (USD 8,250,000.00)

(As of 2012.3, 1 NTD = 0.033 USD)

Paid-up Capital:

NTD 210,000,000.00 (USD 693,000.00)

Legal Representatives:

Guoji Xu

Legal Form:

Joint Stock Company

Principal Activities:

Manufacture and sales of medical products, etc.

Staff:

About 50 Employees

Listed at Stock Exchange:

No

Date of Last Annual Return:

2010-11-8

 

 

History

 

Subject was incorporated on 1989-4-17 with registered number 23243578 as Joint Stock Company in Taiwan.

 

 

Shareholders

 

Name

Subscription Shares

Guoji Xu

1,168,094         

 

Qingsen Zhao

 

265,176

 

Zhengguo Zhuang

307,553

Sunsino Development Associate Inc.

365,000

Qingzu Xiao

206,760

Shizhi Lin

848,709

Quanyu Lin

324,906

Xiyi Ye

656,829

陽生物科技創業投資股份有限公司

667,984

Dengzong Lin

139,668

Guoyu Li

9,300

 

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

1

Name

Guoji Xu

Position

Chairman

2

Name

Qingsen Zhao

Position

Vice-chairman

3

Name

Zhengguo Zhuang

Position

Director

Date of Appointment

2009-12-25

4

Name

Sunsino Development Associate Inc.

Position

Director

5

Name

Lin Wei

Position

Director

6

Name

Qingzu Xiao

Position

Director

7

Name

Shizhi Lin

Position

Director

8

Name

Quanyu Lin

Position

Director

9

Name

Xiyi Ye

Position

Director

10

Name

德陽生物科技創業投資股份有限公司

Position

Supervisor

11

Name

Dengzong Lin

Position

Supervisor

12

Name

Guoyu Li

Position

Supervisor

 

Personnel Structure

Total Employees

About 50 Employees

 

 

Operation Information

 

Offices & Factories

 

Headquarters

Add

100 Shin Gong 1Rd, Pei Pou Industrial Park Chang Hwa Hsien, Taiwan R.O.C.

 

Production Information

l         Subject produces medical products, etc.

l         Subject has factories both in Taiwan and Vietnem.

 

Purchase Information

l         The registered activities of subject:

Business Code

Details

1

Manufacture, process and trading of medical products

2

Manufacturing, processing and trading of medical blood transfusion, infusion, injection, piercing, implants, acquisition, perfusion, washing, disinfection, inspection, rehabilitation supplies, surgical dressings packaging materials

3

Classification, packaging, sterilization, and trading of  treatment package, care packages, surgical gowns, caps, masks, hole towel, medical catheter

4

Cosmetics, chemical raw materials (except tube products), food, beverages trading business.

5

Commodity processing, classification, storage, waste clean-up operations.

6

Manufacture and sales of raw material of above products

7

Import, export and agent of above products

CF01011

Medical Equipment Manufacturing

F108031

Wholesales of medical products

F208031

Retails of medical products

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 abroad.

l         The subject has a proportion of 50% for Import

 

Sales Information

l         The subject is mainly engaged in manufacturing and processing of various medical products.

l         Subject’s products include infusion sets, syringes, dialysis tube needles, blood collection, blood transfusion sets, scalp acupuncture, extension tubes, medicine bottle, medicine cup, the blood circuit and other products.

l         Subject has both domestic and foreign markets.

l         Subject exports to Chile, Peru, Bangladesh, Hong Kong, India, Republic Of Korea, Malaysia, Pakistan, Thailand, Taiwan, Republic of China, Viet Nam, Brazil, Philippines, etc.

l         The subject has a proportion of 50% for export.

Import and export right:

Import right

Yes

Export right

Yes

 

 

Settlements

 

Purchase

Domestic Purchase

Product

Payment Terms

Proportion

Raw material

COD, CBD, etc.

100%

 

Foreign Purchase

Product

Payment Terms

Proportion

Raw material

CBD, etc.

100%

 

Sales

Domestic Markets

Product

Sales Terms

Proportion

Medical products

CBD, etc.

100%

 

Export

Product

Sales Terms

Proportion

Medical products

CBD, etc.

100%

 

 

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

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

Ms. Zhang

E-mail

1014@pwuhui.com.tw  


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.79

UK Pound

1

Rs.78.79

Euro

1

Rs.65.73

 

 

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.