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Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
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Name : |
EVER-TOP HARDWARE CORP. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
17.04.1993 |
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Com. Reg. No.: |
84242517 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of weld nut and the related products |
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No. of Employees : |
100 |
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 |
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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 |
Notes:
The exact name and address are as
above.
Subject was incorporated on
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Subscription
Shares |
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Huiling
Wang |
9,500 |
|
Wenwang Xue |
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0 |
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Wenxiang
Xue |
35,000 |
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Huixiang
Wang |
500 |
The information above is that of subject’s
major shareholders.
Core
Management
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1 |
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Name |
Huiling Wang |
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Position |
Board of Chairman |
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2 |
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Name |
Wenwang Xue |
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Position |
Director |
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3 |
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Name |
Wenxiang Xue |
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Position |
Director |
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4 |
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Name |
Huixiang Wang |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 100 Employees |
Offices
& Factories
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Headquarters
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Add |
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Production
Information
l
Subject is a manufacturer of weld nut and the related products with
the production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details
|
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CA02030 |
Manufacture
of weld nut, screw |
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CA02990 |
Manufacture
of other metal products. |
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CB01010 |
Manufacture
of machinery |
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CD01030 |
Manufacture
of motor and raw material |
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CQ01010 |
Manufacture
of mold |
l
The components and raw material for
production are mostly purchased from local.
l
Subject is mainly engaged in
manufacturing and trading of welding nuts and the related products.
l
Subject introduced that its major
products include welding nuts and special nuts M4 to M16 as per customer
drawings, total over 840 sizes, for AUTO market, such as Ford, GM, Chrysler, Peugeot,
VW, Volvo, Fiat, Saab, Nissan, PPAP level 3 available.
l
Subject introduced that it obtained the
certification of ISO 9001.
l
Subject’s selling territory covers all
over the world.
Import
and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Subject declined to
disclose the settlements information, and from other sources, we couldn’t
obtain the information, either.
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 Ms. Zhang 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
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Lawsuit Number: |
94,Petty
Session,1281 |
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Lawsuit Date: |
2005-9-8 |
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Lawsuit Cause: |
Payment of the price of purchase and sale. |
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Interview Date |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.55.93 |
|
UK Pound |
1 |
Rs.88.14 |
|
Euro |
1 |
Rs.70.87 |
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 |
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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 |
|
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.