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Report Date : |
02.05.2012 |
IDENTIFICATION DETAILS
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Name : |
SHINN CHERNG CO. |
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Registered Office : |
1/F, No.65, |
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Country : |
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Date of Incorporation : |
31.12.1977 |
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Com. Reg. No.: |
15821716 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Processing and trading of foods |
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No. of Employees : |
100 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 (31.12.2011) |
Current Rating (31.03.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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: |
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Fax Number: |
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E-mail: |
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Credit Opinion: |
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Registered Name: |
Shinn
Cherng Co., Ltd |
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Registered Address: |
1/F, No.65, Weihua North Road, Sanchong City,
Taipei |
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Date of Foundation: |
|
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Registration Number: |
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Registry: |
MOEA Central Office |
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Registered Capital: |
NTD 30,000,000 (USD
990,000) (As of 2012.04, 1 NTD = 0.033
USD) |
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Paid-up Capital: |
NTD 30,000,000 (USD 990,000) |
|
Legal Representatives: |
Ruiyun Zhuang |
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Legal Form: |
|
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Principal Activities: |
Processing
and trading of foods |
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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
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Name |
Subscription Shares |
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20,000 |
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|
|
210,000 |
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The information above is that of subject’s major shareholders.
Office
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1 |
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Address
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No.6,
Gongyecyu 33rd Road., Situn District, Taichung City 407, Taiwan |
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Tel: |
+886-4-3600-2525 |
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Fax: |
+886-4-3600-7712 |
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2 |
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Address
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No.332-1,
Rensin Road, Renwu Township, Kaohsiung County 814, Taiwan |
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Tel: |
+886-7-3747-766 |
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Fax: |
+886-7-3747-066 |
Core Management
Directors
|
1 |
|
|
Name |
Ruiyun
Zhuang |
|
Position |
Board
Chairman |
|
2 |
|
|
Name |
Yici
Wu |
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Position |
Director
|
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3 |
|
|
Name |
Zhiming
Wu |
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Position |
Director
|
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4 |
|
|
Name |
Yirou
Wu |
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Position |
Supervisor
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Personnel
Structure
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Total
Employees |
About 100
employees |
Offices &
Factories
|
|
Office |
|
Add |
Production
Information
l
Subject processes of beans & seeds,
starch & flour.
l
Subject has a processing factory in
Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business
Code |
Details |
|
A102060 |
Foodstuffs business |
|
JZ99050 |
Intermediary services |
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F101990 |
Whole of other agricultural,
livestock products and marine products |
|
F201990 |
Retail business of other
agricultural, livestock products and marine products |
|
G801010 |
Warehousing business |
|
F102170 |
Wholesale of food and other products |
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F113020 |
Wholesale of electric appliances |
|
F213010 |
Retail of electric appliances |
|
F401010 |
International trading |
|
F108011 |
Wholesale of traditional Chinese
medicine |
|
F208011 |
Retail of traditional Chinese
medicine |
|
F203010 |
Retail of food, drinks, etc. |
l
The components and raw material for production
are mostly purchased from abroad.
l
The subject
has a proportion of 100% for Import
l
Subject imports CASHEW KERNELS from
Indonesia and Vietnam.
l
Subject imports Potato Starch from
Holland, etc.
l
Subject is mainly engaged in import and
sales of various foods.
l
Subject’s products include beans & seeds, starch & flour,
seasoning, canned sea foods & edible nuts, lentils & health foods.
l
Subject’s
specific products include Red Adzuki Beans, Mung Beans, Black Beans, Yellow Kernel,
Tapioca Starch Grains, Hulled Sesame Seeds, Black Sesame Seeds, Windmill Potato
Starch, Eagle Brand Potato Starch, Kite brand Potato Starch, Windmill Tapioca
Granules, Full Deer Brand Glutinous Rice Flour, Iodized Salt, Brown Sugar, Sea
Dragon brand Canned Sea Foods, Corn Grits, Pop Corn, Sorghum, Glutinous Rice,
Barley Tea, Miliets, Cumin Seeds, Red Lentils, etc.
l
Subject’s main markets are domestic
markets.
l
Subject’s products are mainly sold in
Taiwan, and it also has little business in China mainland.
l
Subject seldom exports.
Purchase
Domestic Purchase
Notes: Subject has no domestic purchasing business.
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Various foods |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Various foods |
CBD, COD, etc. |
100% |
Export
Notes: Subject seldom exports.
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 cannot obtain the relevant information, either.
Subject did not introduce its bank information, and we cannot 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 |
Mr. Tony Lin |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.51 |
|
|
1 |
Rs.85.49 |
|
Euro |
1 |
Rs.69.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
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.