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Report Date : |
05.11.2012 |
IDENTIFICATION DETAILS
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Name : |
YUELI MACHINERY CO., LTD. |
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Registered Office : |
No.10, |
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Country : |
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Date of Incorporation : |
14.06.1978 |
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Com. Reg. No.: |
34219456 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of Pulp & Paper and Corrugated equipment, etc |
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No. of Employees : |
About 250 employees |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
Taiwan has a dynamic capitalist
economy with gradually decreasing government guidance of investment and foreign
trade. In keeping with this trend, some large, state-owned banks and industrial
firms have been privatized. Exports, led by electronics, machinery, and
petrochemicals have provided the primary impetus for economic development. This
heavy dependence on exports exposes the economy to fluctuations in world
demand. In 2009, Taiwan's GDP contracted 1.9%, due primarily to a 20%
year-on-year decline in exports. In 2010 GDP grew 10.9%, as exports returned to
the level of previous years, and in 2011, grew 5.2%. However, 2012 growth will
likely be less, according to most forecasters, because of softening global
demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging
population are major long-term challenges. Free trade agreements have
proliferated in East Asia over the past several years, but so far Taiwan has
been excluded from this greater economic integration largely because of its
diplomatic status with the exception of the landmark Economic Cooperation
Framework Agreement (ECFA) signed with China in June 2010. The MA
administration has said that the ECFA will serve as a stepping stone toward
trade pacts with other regional partners, and negotiations on a deal with
Singapore began this year. Follow-on components of ECFA, including deals on
trade in goods, services, and investment, have yet to be completed. Taiwan's
Total Fertility rate of just over one child per woman is among the lowest in
the world, raising the prospect of future labor shortages, falling domestic
demand, and declining tax revenues. Taiwan's population is aging quickly, with
the number of people over 65 accounting for 10.9% of the island's total
population as of 2011. The island runs a large trade surplus, and its foreign
reserves are the world's fourth largest, behind China, Japan, and Russia. Since
2005 China has overtaken the US to become Taiwan's second-largest source of
imports after Japan. China is also the island's number one destination for
foreign direct investment. Three financial memorandums of understanding,
covering banking, securities, and insurance, took effect in mid-January 2010,
opening the island to greater investments from the mainland's financial firms
and institutional investors, and providing new opportunities for Taiwan
financial firms to operate in China. Closer economic links with the mainland
bring greater opportunities for the Taiwan economy, but also poses new
challenges as the island becomes more economically dependent on China while
political differences remain unresolved.
Source : CIA
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Company Name: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
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Telephone Number: |
+886-4-2359-1221/ +886-4-2359-0134 |
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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: |
Subject was incorporated on
Change of Name
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Former English Name |
YUE LI MACHINERY CO., LTD. |
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Current English Name |
YUELI MACHINERY CO., LTD. |
Awards
|
Year |
Awards |
|
2009 |
Blue chip
importer and exporter |
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2010 |
Blue chip
importer and exporter |
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2011 |
Blue chip importer
and exporter |
Standard of Blue
chip importer and exporter
Unit:
USD
|
Year |
Amount |
|
2009 |
15,000,000 |
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2010 |
20,000,000 |
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2011 |
22,000,000 |
|
Name |
Subscription Share |
|
Wenxuan Zheng |
4,628,883 |
|
Yuqing Su |
|
|
660,929 |
|
|
Peiqi Zheng |
378,068 |
|
YUELI International
Co., Ltd (Literal Translation) |
1,372,000 |
|
Dengtian Guo |
134,285 |
|
Guanlun Gan |
74,713 |
|
Songxing Guo |
61,885 |
|
Jingchang Ye |
101,388 |
|
Jinming Wu |
12,945 |
The information
above is that of subject’s major shareholders.
Related Company (related factory)
|
Name |
Wuxi Yueli Machinery Co., Ltd. |
|
Address |
No. 88, Shengxin
Road, Luoshe Development Area, Huishan District, Wuxi City, Jiangsu Province,
China |
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Tel |
+86-510-8383-1711 |
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Fax: |
+86-510-8383-2443 |
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E-mail: |
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Area |
43,212 square
meters |
There is also a
factory on subject’s headquarter address.
Core
Management
Directors
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1 |
|
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Name |
Wenxuan Zheng |
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Position |
President |
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2 |
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Name |
Yuqing Su |
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Position |
Vice President |
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3 |
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Name |
Peiqi Zheng |
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Position |
Director |
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4 |
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Name |
Gulong Zheng |
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Position |
Director |
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5 |
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Name |
Dengtian Guo |
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Position |
Director |
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6 |
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Name |
Guanlun Gan |
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Position |
Director |
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7 |
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Name |
Songxing Guo |
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Position |
Director |
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8 |
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Name |
Jingchang Ye |
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Position |
Supervisor |
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9 |
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Name |
Jinming Wu |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 250 employees |
Offices
& Factories
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|
Headquarters |
|
Add |
Production
Information
l
Subject is engaged in manufacture of Pulp &
Paper and Corrugated equipment and it is introduced that subject has been certificated
by ISO 9001 and CE
l
It is introduced that Subject also cooperates with
companies in
Purchase
Information
l
The registered activities of subject:
|
1 |
Design, manufacture, sales and maintenance of
papermaking machines and paper processing machines, etc |
|
2 |
Design, manufacture, sales and maintenance of
Iron and steel chain casting machines, casting machines and surface treatment
machines |
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3 |
Design, manufacture, sales and maintenance of
Environmental protection equipment |
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4 |
Design, manufacture, sales and maintenance of all
kinds of industry machinery (knitting machines, plastic machines, electrical
machines, etc) |
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5 |
Design, manufacture, sales and maintenance of
power generation machines and Steam electric symbiotic equipment |
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6 |
Sales of all kinds of iron
material, steel
products, stainless steel materials and Al
materials |
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7 |
Manufacture, processing and sales of the
components of the above mentioned products |
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8 |
Import and export for the above mentioned
business |
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9 |
Bidding service, price quoting service and sales
of the relevant products for domestic and overseas customers |
l
Subject purchases raw materials and components both
at home and abroad
l
Subject has business partners for production and
technical support such as Valmet (Finland), Tampella (Finland) and IBS
(Austria), etc
l
The subject is mainly engaged in sales of Pulp
& Paper and Corrugated equipment
l
Subject also supplies the relevant technology
Support service
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject exports to Japan, Europe and
USA, etc
l
Subject’s major customers
Major products
|
Corrugating
Machine |
Mill Roll Stand Single Facer Overhead Bridge Triple Preheater
Glue Machine Double Facer NC Slitter
Scorer NC Double
Cut-off Double Auto
Cut-off Double Auto Down
Stacker Auto Splicer Rotary Shear Production
Control System |
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Flexo Printer
Slotter |
JUMBO CNC Flexo
Printer Slotter Die Cutter CNC Flexo Folder
Gluer Feeder Printer Creaser &
Slotter Rotary Die
Cutter |
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Paper Machinery |
Fourdrinier
Paper Machine Multi-Wire
Former Paper Machine Hydraulic
Headbox Wire Section Press Section Dryer Section Size Press Calender Reel Rewinder |
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Pulp Machinery
Stock Preparation |
PS/PH Pressure
Screen Double Disk
Refiner Hydro-Power
Pulper |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
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, L/C, Credit
Sales, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Pulp & Paper
and Corrugated equipment and service |
CBD,
Installment, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Pulp & Paper
and Corrugated equipment and service |
L/C, CBD,
Installment, 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
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1 |
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Trial Number |
2006, Zhongjian,3161 |
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Trial Date |
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Cause |
Payment of the loan |
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2 |
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Trial Number |
2006, Zhongbu,540 |
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Trial Date |
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Cause |
Payment of the loan |
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Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.66 |
|
|
1 |
Rs.86.37 |
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Euro |
1 |
Rs.69.24 |
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.