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Report Date : |
02.05.2012 |
IDENTIFICATION DETAILS
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Name : |
YUO CHUN ENTERPRISE CO., LTD. |
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Registered Office : |
No.62, Min Chuan Rd., Luzhu Dist.,
Kaohsiung City 821, Taiwan (R.O.C.) |
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Country : |
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Date of Incorporation : |
26.08.1994 |
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Com. Reg. No.: |
89829805 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trading of
screw, etc. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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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: |
No.62, Min Chuan Rd., Luzhu
Dist., Kaohsiung City 821, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-7-696 8088 |
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Fax Number: |
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E-mail: |
Notes:
The exact subject’s name and address are as above mentioned.
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Credit Opinion: |
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Registered Name: |
Yuo Chun Enterprise Co., Ltd. |
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Registered Address: |
No.62, Min Chuan Rd., Luzhu Dist., Kaohsiung City
821, Taiwan (R.O.C.) |
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Date of Foundation: |
1994-8-26 |
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Registration Number: |
89829805 |
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Registry: |
Economic Development Bureau of Kaohsiung City
Government |
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Registered Capital: |
(As of 2012.04, 1 NTD = 0.033 USD) |
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Paid-up Capital: |
NTD 15,000,000 (USD 495,000) |
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Legal Representatives: |
Wang Su Jinzhi |
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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: |
The subject declined to introduce its staff number.
Subject was incorporated on 1994-8-26 with registered number 89829805 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
Wang Su
Jinzhi |
80,000 |
|
Wenchun Wang |
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|
365,000 |
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Xiuju Wang |
200,000 |
|
Wang Tong Jingui |
10,000 |
The information above is that of subject’s major shareholders.
Core Management
Directors
|
1 |
|
|
Name |
Wang Su
Jinzhi |
|
Position |
Chairman
|
|
2 |
|
|
Name |
Wenchun Wang |
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Position |
Director |
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3 |
|
|
Name |
Xiuju Wang |
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Position |
Director |
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4 |
|
|
Name |
Wang Tong Jingui |
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Position |
Supervisor |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.62, Min Chuan Rd., Luzhu Dist., Kaohsiung City
821, Taiwan (R.O.C.) |
l
Subject produces screw, etc.
l
Subject has
its factory in Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business
Code |
Details |
|
1 |
Screws, nuts, manufacturing and
processing transactions |
|
2 |
Import and export of above products |
Besides licensed business, all other business items
those are not banned or restricted.
l
The components and raw material for production
are mostly purchased from domestic.
l
The subject
has a small proportion for Import
l
The subject is mainly engaged in
manufacturing and processing of various screw,
etc.
l
Subject’s products
include drilling screws, concrete screws, furniture screws, tapping screws,
iron screws, double thread wood screws, flange screws, etc.
l
Subject has
both domestic and foreign markets.
l
Subject
exports overseas markets worldwide according to orders.
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 |
|
|
Components and raw material |
COD, CBD, etc. |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw material |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Screw, etc. |
CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Screw, 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
Up to date of reporting, no existing or latent litigation of the subject has been found.
|
Name |
Ms. Wang |
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 |
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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 |
|
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.