|
Report Date : |
26.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
LEANG YEH
ENTERPRISE CO., LTD. |
|
|
|
|
Registered Office : |
2-30, Shi Gaang
Vil., Shi Gaang Dist., Tainan City |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
14.07.1973 |
|
|
|
|
Com. Reg. No.: |
72108178 |
|
|
|
|
Legal Form : |
Joint Stock
Company |
|
|
|
|
Line of Business : |
Manufacturing and
sales of iron or non-alloy steel bars |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
TAIWAN - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually
decreasing government guidance of investment and foreign trade. 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 1.8%, due
primarily to a 13.1% year-on-year decline in exports. In 2010 GDP grew 10.7%,
as exports returned to the level of previous years, and in 2011, grew 4.0%. In
2012, however, growth fell to 1.3%, 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 except for the landmark Economic
Cooperation Framework Agreement (ECFA) signed with China in June 2010, so far
Taiwan has been excluded from this greater economic integration in part because
of its diplomatic status. Negotiations continue on such follow-on components of
ECFA regarding trade in goods and services. The MA administration has said that
the ECFA will serve as a stepping stone toward trade pacts with other key trade
partners, which Taiwan subsequently launched with Singapore and New Zealand.
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 11.2% of the island's
total population as of 2012. The island runs a large trade surplus largely
because of its surplus with China, and its foreign reserves are the world's
fifth largest, behind China, Japan, Saudi Arabia, and Russia. In 2006 China
overtook 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. In August 2012, Taiwan Central Bank signed a memorandum of
understanding on cross-Strait currency settlement with its Chinese counterpart.
The MOU allows for the direct settlement of Chinese RMB and the New Taiwan
dollar across the Strait, which could help develop Taiwan into a local RMB hub.
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
The exact name and
address are as above.
Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.
Subject was incorporated on 1973-7-14 with registered number 72108178 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
Rongji Chen |
1,074,000 |
|
Benyuan Su |
275,000 |
|
Yaozhou Xie |
487,000 |
|
Huangrong Chen |
100,000 |
|
Bingqin Xie |
229,830 |
|
Zongming Chen |
1,100,000 |
|
Bingcong Su |
1,000,000 |
|
Jiafeng Ding |
360,000 |
|
Mao Wu |
317,000 |
|
Jiayu Ding |
270,080 |
|
Bihua Zeng |
455,588 |
|
Yuzhe Ding |
147,840 |
The information above is that of subject’s major shareholders.
Factory
|
Address: |
2-30 and 2-36, Shi Gaang Vil., Shi Gaang Dist., Tainan City , Taiwan, R.O.C |
|
Date of
Foundation: |
1972-9-8 |
|
Date of
Registration: |
1973-2-19 |
|
Factory
Registration Number: |
99656700 |
|
Factory Manager: |
Rongji Chen |
|
Status: |
In Production |
|
Date of Last
Annual Return: |
2012-9-17 |
|
Major Products: |
241 Iron and steel 181 Basic chemical materials |
Core Management
Directors
|
1 |
|
|
Name |
Rongji Chen |
|
Position |
Board Chairman |
|
Date of Appointment |
1989-9-4 |
|
2 |
|
|
Name |
Benyuan Su |
|
Position |
Executive Director |
|
3 |
|
|
Name |
Yaozhou Xie |
|
Position |
Executive Director |
|
4 |
|
|
Name |
Huangrong Chen |
|
Position |
Director |
|
5 |
|
|
Name |
Bingqin Xie |
|
Position |
Director |
|
6 |
|
|
Name |
Zongming Chen |
|
Position |
Director |
|
7 |
|
|
Name |
Bingcong Su |
|
Position |
Director |
|
8 |
|
|
Name |
Jiafeng Ding |
|
Position |
Director |
|
9 |
|
|
Name |
Mao Wu |
|
Position |
Director |
|
10 |
|
|
Name |
Jiayu Ding |
|
Position |
Supervisor |
|
11 |
|
|
Name |
Bihua Zeng |
|
Position |
Supervisor |
|
12 |
|
|
Name |
Yuzhe Ding |
|
Position |
Supervisor |
Offices & Factories
|
|
Headquarters |
|
Add |
2-30, Shi Gaang Vil., Shi Gaang Dist., Tainan City , Taiwan, R.O.C. |
Production Information
The subject is a manufacturer of iron or non-alloy steel bars and etc.
It is introduced that subject has a factory in Taiwan for production.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
CA01020 |
Rolling and shape extruding of steel. |
|
CA01070 |
Finishing sector of ferrous waste and disassembly of Waste transportion. |
|
CA02030 |
Manufacturing of screw, screw cap, screw spike, rivet and etc. |
|
CD01010 |
Manufacturing of vessel and its components. |
|
C801010 |
Basic chemical industry. |
|
C801990 |
Manufacturing of other chemical materials. |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
It is introduced that subject purchases its raw materials and etc both at home and abroad.
The subject is mainly engaged in sales of iron or non-alloy steel bars and etc.
It is introduced that subject’s major products include round polishing steel bar, square polishing steel bar, hexagonal polishing steel bar and etc.
It is introduced that subject’s selling territory include the domestic and overseas markets.
It is introduced that subject’s major customers are construction industry and etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Product |
Payment Terms |
Proportion |
|
Raw materials and etc |
COD, CBD and etc |
100% |
Foreign Purchase
|
Product |
Payment Terms |
Proportion |
|
Raw materials and etc |
CBD and etc |
100% |
Sales
Domestic Markets
|
Product |
Sales Terms |
Proportion |
|
Iron or non-alloy steel bars and etc |
COD, CBD and etc |
100% |
Export
|
Product |
Sales Terms |
Proportion |
|
Iron or non-alloy steel bars and etc |
CBD and 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 Mr. Wang 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
cannot obtain the relevant information, either.
Mortgage
|
1 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
068833 |
|
Debtor Name: |
Leang Yeh
Enterprise Co., Ltd. |
|
Document Number: |
580399 |
|
Date of
Registration: |
2000-12-22 |
|
2 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
096907 |
|
Debtor Name: |
Leang Yeh
Enterprise Co., Ltd. |
|
Document Number: |
09830417780 |
|
Date of
Registration: |
2009-3-11 |
Lawsuit
Up to date of reporting, no existing or latent litigation of the subject has been found.
|
Name |
Mr. Wang |
|
Department |
Sales Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.84.65 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.