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Report Date : |
23.05.2012 |
IDENTIFICATION DETAILS
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Name : |
HSING CHENG MACHINERY INDUSTRIAL CO LTD. |
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Registered Office : |
No. 13, Jungshing 2nd St, Lin 18, Hsinhsing Village, Luchu Siang, Taouan Hsein |
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Country : |
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Date of Incorporation : |
06.07.1987 |
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Com. Reg. No.: |
22559269 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of textile and dyeing machinery. |
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No. of Employees : |
About 30 employees |
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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No. 13, Jungshing 2nd St, Lin 18, Hsinhsing
Village, Luchu Siang, Taouan Hsein, Taiwan |
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Supplied Address: |
No. 13 Jungshing 2nd St Lin 18 Hsinhsing
Village Luchu Siang Taouan Hsein Taiwan |
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Telephone Number: |
+886-3-3238560 |
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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 Cheng Machinery Industrial Co Ltd. |
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Registered Address: |
No. 13, Jungshing 2nd St, Lin 18, Hsinhsing Village, Luchu Siang,
Taouan Hsein, Taiwan |
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Date of Foundation: |
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Registration Number: |
22559269 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2012.05, 1 NTD = 0.0339 USD) |
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Paid-up Capital: |
NTD 28,000,000 (USD 949,200) |
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Legal Representatives: |
Jiancheng Ye |
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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: |
Subject was incorporated on
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Name |
Subscription Shares |
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Jiancheng Ye |
14,800 |
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Jinying Lv |
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8,800 |
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The information
above is that of subject’s major shareholders.
Related Companies
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1 |
|
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Name |
Hsing Cheng Machinery
Industrial (Thailand) Co. Ltd. |
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Address |
237/2 Moo6
Petchkasem 95 Rd. , T.Oomnoi , A.Krathumbean, Samutsakorn 74130 Thailand |
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Tel : |
+66-2-8138229‧8138239‧8138249 |
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Fax : |
+66-2-8138268 |
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E-mail : |
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2 |
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Name |
Jia Xing Li Hsin
Machinery Co., Ltd. |
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Address |
Xiuzhou
Industrial Zone Jiaxing Zhejiang Province China |
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Tel : |
+86-573-2792799/+86-573-2790722 |
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Fax : |
+86-573-2794800 |
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E-mail : |
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Core
Management
Directors
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1 |
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Name |
Jiancheng Ye |
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Position |
Board Chairman |
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2 |
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Name |
Maosen Ye |
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Position |
Director |
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3 |
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Name |
Caoque Ye |
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Position |
Director |
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4 |
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Name |
Jinying Lv |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
About 30 employees |
Offices
& Factories
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|
Headquarters |
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Add |
No. 13, Jungshing 2nd St, Lin 18, Hsinhsing Village, Luchu Siang,
Taouan Hsein, Taiwan |
l
Subject is a manufacturer of textile and dyeing
machines.
l
Subject has passed ISO 9002 certification since
1998
Purchase
Information
l
The registered activities of subject:
|
1 |
Manufacture, processing, sales and maintenance of all kinds of machines, lathes, milling
machines and Hardware Components |
|
2 |
Design, contract
and building of all kinds of mechanical engineering |
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3 |
Import and export business of the above mentioned
items |
l
Subject purchases raw materials and components both
at home and abroad.
l
The subject is mainly engaged in sales of textile
and dyeing machines
l
Subject has its own brand named Hsing Cheng
l
Subject’s products are both sold in domestic and
overseas market and subject’s sales regions include Asia, Europe, America,
Middle East and Australia, etc
Major items
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
|
Payment Terms |
Proportion |
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Raw materials and components, etc |
CBD, Credit Sales, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Textile and dyeing machines, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Textile and dyeing 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.54.88 |
|
|
1 |
Rs.86.84 |
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Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
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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 |
-- |
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.