MIRA INFORM REPORT
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Report Date : |
20.03.2012 |
IDENTIFICATION DETAILS
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Name : |
SPRING LAKE ENTERPRISE CO., LTD. |
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Registered Office : |
14 Chien Fu Rd., Nei Pu Industrial Park, Nei Pu, Ping Tung |
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Country : |
Taiwan |
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Date of Incorporation : |
18.04.1980 |
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Com. Reg. No.: |
82079454 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of Fasteners supplier |
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No. of Employees
: |
Over 10 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 60,000 |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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) |
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Taiwan |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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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: |
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Supplied Name: |
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Trading Address: |
14 Chien Fu Rd.,
Nei Pu Industrial Park, Nei Pu, Ping Tung, Taiwan |
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Supplied Address: |
14 Chienfu Road, Neipu Industrial Park,
Neipu Ping Tung Hsien Taiwan ROC |
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Telephone Number: |
+886-8-7790642 |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and address are as above.
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Credit Rating: |
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Credit Opinion: |
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Registered Name: |
Spring Lake Enterprise Co., Ltd. |
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Registered Address: |
14 Chien Fu Rd., Nei Pu Industrial Park, Nei Pu, Ping Tung, Taiwan |
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Date of Foundation: |
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Registration Number: |
82079454 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2012.03, 1 NTD = 0.0338 USD) |
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Paid-up Capital: |
NTD 23,000,000 (USD 777,400) |
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Legal Representatives: |
Junze Chen |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
Subject was incorporated on
|
Name |
Subscription Shares |
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Junze Chen |
17,850 |
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Shumei Chen |
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|
50 |
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Shizhen Chen |
50 |
|
Lixiang Liu |
2,000 |
The information above is that of subject’s major shareholders.
Core
Management
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1 |
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Name |
Junze Chen |
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Position |
Board Chairman |
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2 |
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Name |
Shumei Chen |
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Position |
Supervisor |
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3 |
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Name |
Shizhen Chen |
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Position |
Director |
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4 |
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Name |
Lixiang Liu |
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Position |
Director |
Personnel
Structure
|
Total Employees |
Over 10 Employees |
Offices
& Factories
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|
Headquarters |
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Add |
14 Chien Fu Rd.,
Nei Pu Industrial Park, Nei Pu, Ping Tung, Taiwan |
Production
Information
l
Subject is a manufacturer of fastener.
l
Subject has obtained the certification of ISO 9000
and QS 9000.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacture, processing and sales of Hardware And
Building Materials, Bicycle spare parts, Machinery Spare Parts, wooden furniture,
toys, etc |
|
-- |
Manufacture, processing
and sales of handicraft works except electronic
toys, etc |
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-- |
Relevant import and export trading business |
l
Subject purchases raw
materials and components from domestic market.
l
The subject is mainly
engaged in sales of fastening pieces including screws, nuts, bolts, washers, anchors,
nails, pins, fasteners, spring pins, retaining rings, hooks, hex keys, etc
l
Subject’s product s are
both sold in domestic and overseas market.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
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COD, Credit
sales, etc |
100% |
Foreign Purchase
The has little import business
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
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CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Fasteners |
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 declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
|
Taiwan Bank |
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.
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.12 |
|
UK Pound |
1 |
Rs.79.37 |
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Euro |
1 |
Rs.66.02 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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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.