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Report Date : |
05.05.2012 |
IDENTIFICATION DETAILS
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Name : |
SUNWELL MACHINES COMPANY LTD. |
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Registered Office : |
No.3, Ta Luen Rd., Ta-Tsun Hsiang, Chang-Hua
Hsien |
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Country : |
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Date of Incorporation : |
14.08.1995 |
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Com. Reg. No.: |
89669976 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of extrusion and thermoforming
equipment for foam and rigid packaging applications |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Clear |
|
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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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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: |
No. 6-3 Taluen Rd., Tatsun Hsiang, Changhua
Hsien, 515 Taiwan, R.O.C |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes:
The supplied name and address are incomplete, and the exact name and address are as above.
|
Registered Name: |
Sunwell Machines
Company Ltd. |
|
Registered Address: |
No.3, Ta Luen Rd.,
Ta-Tsun Hsiang, Chang-Hua Hsien |
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Date of Registered: |
|
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Registration Number: |
89669976 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
NTD 45,000,000 (USD 1,538,560) (As of 2012.5, 1 NTD =
0.03419USD) |
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Paid-up Capital: |
NTD 45,000,000 (USD
1,538,560) |
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Legal Representatives: |
Cailian Yu |
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Legal Form: |
|
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Principal Activities: |
Manufacture of extrusion and thermoforming
equipment for foam and rigid packaging applications |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Subject declined to disclose the staff number, and from other sources, we couldn’t obtain the information, either.
Subject was incorporated on
Awards
|
Year |
Awards |
|
2008 |
Blue chip importer and exporter |
Standard
of Blue chip importer and exporter
Unit: USD
|
Year
|
Amount
|
|
2008 |
19,000,000 |
|
Subscription
Shares |
|
|
Cailian Yu |
2,778 |
|
Zhaoqin Lai |
|
|
2,000 |
|
|
Zhengzong Lai |
3,500 |
|
Zhengqian Lai |
3,500 |
The information above is that of subject’s major shareholders.
Corporate Company:
|
Name |
Sunwell Global Ltd. |
|
Address |
Level 28 Three Pacific Place 1 Queen's Road East,
Hong Kong |
Related Companies
|
1 |
|
|
Name |
Sunwell Brazil Ltd. |
|
Address |
Rua Daniel Bruning 157, São Ludgero, Santa
Catarina, Brazil. CEP 88730.000 |
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Tel / Fax: |
+55-48-3657-0303 |
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Cell : |
+55-48-9641-7799 |
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Email: |
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2 |
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Name |
Sunwell UK Ltd. |
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Address |
Suite 18, Abbey Business Centre, Abbey Road,
Durham DH15JZ England |
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Tel / Fax: |
+44 191 374 1800 |
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Email: |
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3 |
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Name |
Sunwell Americas Ltd. |
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Address |
Circunvalación Norte 94 Las Fuentes Zapopan,
Jalisco 45070 Mexico |
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Tel / Fax: |
+52(33)36320821 |
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Email: |
|
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4 |
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Name |
Sunwell USA LLC/ Thermoforming Systems LLC |
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Address |
1601 West Pine Street, Union Gap, WA, 98903, USA |
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Tel / Fax: |
+1-509-4544578/ +1-509-4544598 |
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Email: |
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5 |
|
|
Name |
Sunwell India Ltd. |
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Address |
c/14, Riddhi Siddhi Apartments, S.N.Road, (Near Shanti
Indl estate), Mulund (WEST) Mumbai, 400 090, India |
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Tel / Fax: |
+91 22 25934852/ +91 98200 96065 |
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Email: |
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Core Management
Directors
|
1 |
|
|
Name |
Cailian Yu |
|
Position |
Board of Chairman |
|
2 |
|
|
Name |
Zhaoqin Lai |
|
Position |
Director |
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3 |
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Name |
Zhengzong Lai |
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Position |
Director |
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4 |
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Name |
Zhengqian Lai |
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Position |
Supervisor |
Offices
& Factories
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Headquarters
|
|
Add |
No.
6-3 Taluen Rd., Tatsun Hsiang, Changhua Hsien, 515 Taiwan, R.O.C |
Production
Information
l
Subject is a manufacturer of extrusion and
thermoforming equipment with the production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Manufacture and
trade of kinds of machinery |
|
2 |
Proxy, quoting
the products above. |
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3 |
Import and
export of the products above. |
l
The components and raw material for
production are purchased from local and abroad.
l
Subject is mainly engaged in
manufacturing and trading of extrusion and thermoforming equipment foam and rigid
packaging applications and the related products.
l
Subject introduced that major products
sold
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Product |
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1 |
EPS / EPE foam
sheet extrusion lines |
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2 |
EPE foam tube or
profile extrusion lines |
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3 |
XPS foam
insulation board extrusion lines |
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4 |
HIPS / PP / APET
rigid sheet extrusion lines |
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5 |
IRD
crystallizing & Drying handling system |
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6 |
Two stations
post trim thermoforming systems |
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7 |
Contact heating
thermoforming machine |
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8 |
FT thermoforming
system |
|
9 |
EPS foam cups steam
chest molding systems |
|
10 |
Others |
l
Subject introduced that its service support from Taiwan, Germany, UK, and USA.
l
Subject’s selling territory covers all
over the world.
Import
and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Components
and raw material |
COD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components
and raw material |
L/C, T.T, etc |
100% |
Sales
Domestic Markets
|
Payment
Terms |
Proportion |
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Extrusion
and thermoforming equipment |
COD, etc |
100% |
|
Product |
Payment Terms |
Proportion |
|
Extrusion
and thermoforming equipment |
L/C, T.T, 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 Mr. Lee declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
The bankers’ information is not available from the subject or other
sources.
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. Lee |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.72 |
|
|
1 |
Rs.86.98 |
|
Euro |
1 |
Rs.70.64 |
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 |
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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 |
-- |
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.