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Report Date : |
21.08.2013 |
IDENTIFICATION DETAILS
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Name : |
YIEH CORP. |
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Registered Office : |
1F., No.69-6, Jia Shin East Rd., Gangshan Dist., Kaohsiung City 820 |
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Country : |
Taiwan |
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Date of Incorporation : |
16.12.1997 |
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Com. Reg. No.: |
16122351 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Processing and sales of steel products, etc |
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No. of Employees : |
About 60-70 employees (Taiwan) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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: |
Yieh Corp. |
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Supplied Name: |
Yieh Corporation Limited |
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Trading Address: |
3/F., No 6 E-Dard, Yanchao Dist Kaohsiung City, Taiwan |
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Supplied Address: |
No 6E-Dard Yanchao Distt Kaohsiung City |
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Telephone Number: |
+886-7-615-1000 |
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Fax Number: |
+886-7-615-3000 |
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E-mail: |
Notes: Subject’s exact name and address are as above.
|
Credit Opinion: |
Subject was incorporated on
Change of Name
|
Former Chinese Name |
YTEH CORPORATION |
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Current Chinese Name |
YIEH CORP. |
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Name |
Subscription Shares |
|
Hong Kong Yieh
Corporation Limited |
7,200,000 |
The information
above is that of subject’s major shareholders.
It is introduced
that subject has branch offices in Guangzhou and Shanghai and factory in the
mainland of China, while the details are not disclosed.
Core
Management
Directors
|
1 |
|
|
Name |
Qingguo Wang |
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Position |
Board Chairman |
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2 |
|
|
Name |
Qixiang Xu |
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Position |
Director |
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3 |
|
|
Name |
Zhilong Lin |
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Position |
Director |
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4 |
|
|
Name |
Yingxue You |
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Position |
Director |
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5 |
|
|
Name |
Simin Wang |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 60-70 employees (Taiwan) |
Offices
& Factories
|
|
Headquarters |
|
Add |
Production
Information
l
Subject’s factories in Taiwan and the mainland of
China are engaged in processing of steel products.
Purchase
Information
l
The major registered activities of subject:
|
Business Code |
Details |
|
F106010 |
Wholesales of hardware |
|
F111070 |
Wholesales of metal building materials |
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F113010 |
Wholesales of machinery |
|
F113020 |
Wholesales of electronic appliance |
|
F113030 |
Wholesales of precise
instrument |
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F113050 |
Wholesales of working machines and equipment |
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F118010 |
Wholesales of information software |
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I301010 |
Information software services |
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I301020 |
Data processing services |
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I301030 |
Electronic information supply services |
|
-- |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The subject purchases raw materials both at home
and abroad.
l
The subject is mainly engaged in sales of steel
products including carbon steel products and stainless
steel products, etc
l
Subject’s products are both sold in domestic and
overseas market.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
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Raw materials, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Steel products, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Steel products, 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’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.
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.
|
Name |
Ms. Zhang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.73 |
|
UK Pound |
1 |
Rs.99.79 |
|
Euro |
1 |
Rs.85.07 |
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 |
|
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 |
|
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.