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Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
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Name : |
ALLWELL INDUSTRY CO., LTD. |
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Registered Office : |
No.75, |
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Country : |
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Date of Incorporation : |
09.10.1980 |
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Com. Reg. No.: |
60263961 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales
of tire machine, tire equipment and tube equipments |
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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 : |
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 |
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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. 75, Liuchiao West Rd., Chingkou Village,
Puhsin Hsiang, Changhua, Taiwan, R.O.C. |
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Supplied Address: |
No. 75 Liuchiao Wrd Chingkou Village Pusin
Hsian Changhua Hsien Taiwan |
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Telephone Number: |
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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: |
Notes: Subject did not introduce its staff number;
from other source we can not obtain the relevant information, either.
Subject was incorporated on
Awards
|
Year |
Awards |
|
2009 |
Blue chip
importer and exporter |
|
2010 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
|
Name |
Subscription Shares |
|
Pobo Chen |
2,019,584 |
|
Pokui Chen |
|
|
396,517 |
|
|
Xiujun Chen |
1,157,258 |
|
Shujing Zhang |
622,150 |
The information above is that of subject’s major shareholders.
Core
Management
|
1 |
|
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Name |
Pobo Chen |
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Position |
Board Chairman |
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2 |
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|
Name |
Pokui Chen |
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Position |
Director |
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3 |
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Name |
Xiujun Chen |
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Position |
Director |
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4 |
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|
Name |
Shujing Zhang |
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Position |
Supervisor |
Offices
& Factories
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|
Headquarters |
|
Add |
No. 75, Liuchiao
West Rd., Chingkou Village, Puhsin Hsiang, Changhua, Taiwan, R.O.C. |
l
Subject is a manufacturer
of tire & tube machinery
Purchase
Information
l
The major registered activities
of subject:
|
Business Code |
Details |
|
-- |
Inner tire extruding tools, Rubber cutting tools,
Dust collection tools, material Turning tools, Compound cooling tools and tyre cord yarn Pressure tools |
|
-- |
tread glue extruding tools, Cutting tools, Yarn
cutting tools, forming tools, vulcanizing tools |
|
-- |
Manufacture, domestic and overseas sales of conveyer belts,
automobile parts,
Locomotive spare parts and bicycle parts |
|
-- |
Manufacture, wholesales and sales of all kinds of
paper tubes,
paper tubes and paper boxes |
l
Subject purchases raw
materials and components both at home and abroad.
l
The subject is mainly
engaged in sales of tire & tube machinery and it is introduced that subject
has more than 50 items
l
Subject’s products are both
sold in domestic and overseas market and it is introduced that subject sells to
Taiwan the mainland of China, Japan and Europe, etc
l
Subject’s customers are
mainly domestic and overseas well-know tire plants
Major products
sold
|
Tire Building Machine (1) Truck & Bus Tire Building Machine |
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Tire Curing Press 1) Hydraulic Type B.O.M. Press |
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Horizontal Bias Cutter |
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Horizontal Bias Cutter |
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Bead Wire Grommet Machine |
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Tread Line |
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Calendar Line |
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Batch Off Machine |
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Tire Wrapping Machine |
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Drum Testing Machine |
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Tire Run Out Testing Machine |
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Tube Extruding Line |
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Tube Splicer |
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Tube Curing Press |
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Green Tire Painting Machine |
Import and export
right:
|
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
|
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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Tire & Tube
Machinery |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Tire & Tube
Machinery |
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.
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.54.88 |
|
UK Pound |
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.