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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Name : |
HSING WEI MACHINE INDUSTRY CO., LTD. |
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Registered Office : |
No.30-1, 36 Rd., Industry Hsi Tun Dist., |
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Country : |
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Date of Incorporation : |
26.03.1979 |
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Com. Reg. No.: |
52525554 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture and sales of rotogravure printing machines |
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No. of Employees : |
Not Available |
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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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: |
+886-4-2358-0087 |
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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 Opinion: |
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Registered Name: |
Hsing Wei Machine Industry Co., Ltd. |
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Registered Address: |
No.30-1, 36 Rd., Industry Hsi Tun Dist., Taichung,Taiwan |
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Date of Foundation: |
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Registration Number: |
52525554 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2012.05, 1 NTD = 0.0342 USD) |
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Legal Representatives: |
Zongyao 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: |
Notes: Subject did not introduce its staff number;
from other source we can not obtain the relevant information, either.
Subject was incorporated on
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Name |
Subscription Amount |
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Zongyao Chen |
6,240,000 |
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Sulian Li |
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960,000 |
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The information above is that of subject’s major shareholders.
Subject did not introduce whether it
has any subsidiaries or branches, from other source we can not obtain the relevant information, either.
Core
Management
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1 |
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Name |
Zongyao Chen |
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Position |
Board Chairman |
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2 |
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Name |
Sulian Li |
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Position |
Director |
Offices
& Factories
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Headquarters |
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Add |
Production
Information
l
Subject is a manufacturer of rotogravure printing
machine.
l
It is introduced that the precision of subject’s
products is up to the Japanese Standard
Purchase
Information
l
The registered activities of subject:
|
1 |
processing, manufacture and sales of plastic
processing machinery and components |
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2 |
Import and export trading business relevant to
the above mentioned items |
l
Subject purchases mainly from domestic market,
while it is introduced that subject’s purchasing all depends on specific
conditions and customers’ demands
l
The subject is mainly engaged in sales of
rotogravure printing machine
l
Subject’s products are both sold in domestic and overseas
market and it is introduced that 90% of subject’s sales focus on the overseas
market, including America, Europe, Asia, Middle East, Africa, etc
Major items sold
|
1 |
Rotogravure Printing Machines |
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2 |
Laminating Machines |
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3 |
Slitting Machines |
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4 |
Bag Making Machines |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Raw materials and components, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Raw materials and components, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Rotogravure Printing Machine, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Rotogravure Printing Machine, 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 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.
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.93 |
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UK Pound |
1 |
Rs.85.85 |
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Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.