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Report Date : |
11.05.2012 |
IDENTIFICATION DETAILS
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Name : |
CHUN ZU MACHINERY INDUSTRY CO., LTD. |
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Registered Office : |
No.50, |
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Country : |
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Date of Incorporation : |
11.03.1974 |
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Com. Reg. No.: |
85721346 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of mechanical equipment, etc |
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No. of Employees : |
About 170 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 : |
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 – March 31st, 2012
|
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.50, Ta Pao St., Gangshan Dist., Kaohsiung
City 820, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
Notes: Subject’s exact name and address are as above.
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Credit Opinion: |
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 |
|
Name |
Subscription Shares |
|
CHUN YU WORKS & CO.,LTD. |
23,998,390 |
|
Zhanfei Hu |
|
|
54,954 |
|
|
Wanguan Guo |
269,871 |
|
Jiaming Wu |
389,849 |
The information above is that of subject’s major shareholders.
Related Company
|
Name |
Shanghai Chunri Machinery Industrial Co., Ltd. |
|
Address |
No.6639, Jihe Highway, Baihe Town, Qingpu
District, Shanghai City, China |
|
Tel |
+86-21-5974-2888 |
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Fax: |
+86-21-5974-2882 |
|
Staff |
About 210
employees |
|
About 37,700
square meters |
|
|
About 9,000
square meters |
|
|
Activities |
The company is
engaged in manufacture and sales of screw and nut molding machines, etc |
Core
Management
|
1 |
|
|
Name |
Debin Sun |
|
Position |
President |
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2 |
|
|
Name |
Xichang Li |
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Position |
Vice President |
|
Date of
Appointment |
|
|
3 |
|
|
Name |
Shihe Li |
|
Position |
Director |
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4 |
|
|
Name |
Mingshen Sun |
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Position |
Director |
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5 |
|
|
Name |
Minghuang Li |
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Position |
Director |
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6 |
|
|
Name |
Jianfu Gan |
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Position |
Director |
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7 |
|
|
Name |
Zhanfei Hu |
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Position |
Director |
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8 |
|
|
Name |
Wanguan Guo |
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Position |
Supervisor |
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9 |
|
|
Name |
Jiaming Wu |
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Position |
Supervisor |
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10 |
|
|
Name |
Zhengyao Sun |
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Position |
Manager |
|
Date of
Appointment |
|
Personnel
Structure
|
Total Employees |
About 170 employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.50, Ta Pao St., Gangshan Dist., Kaohsiung City 820, Taiwan (R.O.C.) |
l
Subject is engaged in manufacture of mechanical equipment
and its products are mainly screw machines, nut machines and component molding
machines, etc
l
It is introduced that subject manufactures about
500 molding machines of different types annually.
Purchase
Information
l
The major registered activities of subject:
|
1 |
Manufacture and sales of machine tools |
|
2 |
|
|
3 |
|
|
4 |
Manufacture and sales of knitting machinery |
|
5 |
Manufacture and sales of construction machinery |
|
6 |
Manufacture and sales of tools for machinery |
|
7 |
Manufacture and sales of hand tools |
|
8 |
Manufacture and sales of steel mold |
|
9 |
Manufacture, installation and sales of all kinds
of screw and nut machinery |
|
10 |
Manufacture, installation and sales of all kinds
of screw and nut |
l
Subject purchases both at
home and abroad and its purchasing all depends on specific conditions and
customers’ demands.
l
The subject is mainly engaged in sales of screw
molding machines, nut molding machines, component molding machines, etc
l
Subject also supplies technology supporting service
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject’s business spreads over 50
countries in South East Asia, Europe, America and Australia, etc
Major products
sold
|
1 |
CNF(SP、LP) Five rushed
(Six rushed) nut shaping machines |
|
2 |
CPF Miniature part formers |
|
3 |
CH HEADING MACHINE |
|
4 |
CDH 2 mode 2 blunt led machine |
|
5 |
Compression tools, etc |
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials and components, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Raw materials and components, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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|
Screw and nut
molding machines, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Screw and nut molding machines, 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.53.34 |
|
UK Pound |
1 |
Rs.86.11 |
|
Euro |
1 |
Rs.69.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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.