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Report Date : |
26.03.2012 |
IDENTIFICATION DETAILS
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Name : |
CHANG YOW TECHNOLOGIES INTERNATIONAL CO., LTD. |
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Registered Office : |
1F., No.88, |
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Country : |
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Date of Incorporation : |
10.06.1986 |
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Com. Reg. No.: |
22204458 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of sports equipments and components, etc |
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No. of Employees : |
About 65 employees ( |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 80,000 |
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Status : |
Satisfactory |
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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 30, 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: |
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Supplied Address: |
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Telephone Number: |
+886-4-23326012 /+886-4-23313579 |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and address are as above and the supplied name is
also belonged to subject.
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Credit Rating: |
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Credit Opinion: |
Subject was incorporated on
Change of Name
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Former Chinese Name |
昌祐精密工業股份有限公司 |
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Current Chinese Name |
昌祐科技國際股份有限公司 |
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Former English Name |
Chang Yow Industry Co., Ltd. |
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Current English Name |
Chang Yow Technologies International Co., Ltd. |
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Name |
Subscription Shares |
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Chaoquan Chen |
950,000 |
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Yanzhang Chen |
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350,000 |
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Yirui Chen |
300,000 |
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Qiuluan Zhang |
900,000 |
The information
above is that of subject’s major shareholders.
It is introduced
that subject has factory in Dongguan, Guangdong Province, China, while the
details are not disclosed.
Core
Management
Directors
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1 |
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Name |
Chaoquan Chen |
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Position |
Board Chairman |
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2 |
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Name |
Yanzhang Chen |
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Position |
Director |
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3 |
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Name |
Yirui Chen |
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Position |
Director |
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4 |
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Name |
Qiuluan Zhang |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 65 employees (Taiwan) About 400 employees (Factory in the mainland of China) |
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject is a manufacturer of sports
equipment and relevant components such as
mechanical meters, speedometers and counting equipment, etc
l
Subject supplies OEM service
Purchase
Information
l
The major registered activities of subject:
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Manufacture and sales of Mechanical timers, speed
chart for sports equipment, speed chart for Automobile and motorcycle |
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Manufacture and sales of electric timer for
Automobile and motorcycle |
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Manufacture and sales of electronic quartz
clocks, etc |
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Import and export trading business for the above
mentioned items |
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F113020 |
Wholesales of electrical appliances |
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F213010 |
Retails of electrical appliances |
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ZZ99999 |
Besides licensed business, all other business items
those are not banned or restricted. |
l
Subject purchases components and raw materials
mainly from domestic market.
l
The subject is mainly engaged in sales of sports equipment
and relevant components.
l
Subject’s products are both sold in domestic and
overseas market.
Major products
sold
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1 |
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2 |
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2 |
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3 |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
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Payment Terms |
Proportion |
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Raw materials and components, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
Subject has little import business
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Sports equipment, etc |
CBD |
100% |
Export
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Sales Terms |
Proportion |
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Sports equipment, etc |
CBD |
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. Yao declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Subject declined to disclose its bank details; 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 |
Lydia Yao |
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Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.90 |
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1 |
Rs.80.77 |
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Euro |
1 |
Rs.67.40 |
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 |
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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 |
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<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.