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Report Date : |
22.10.2013 |
IDENTIFICATION DETAILS
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Name : |
CHAEI HSIN ENTERPRISE CO., LTD. |
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Registered Office : |
1F., No.208-22, |
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Country : |
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Date of Incorporation : |
25.04.1994 |
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Com. Reg. No.: |
84845377 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of TPU |
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No. of Employees : |
About 100 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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
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Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
1F., No.208-22,
Chung-Ching Rd., West Dist., Taichung City 407, Taiwan, R.O.C. |
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Supplied Address: |
NO 208-20 CHUNG
ROAD WEST DIST TAICHUNG CITY 407 TAIWAN R.O.C |
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Telephone Number: |
+886-4-2426-9658 |
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Fax Number: |
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Notes: The exact name and address are as
above.
Subject was incorporated
on 1994-4-25 with registered number 84845377
as Joint Stock Company in
Taiwan.
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Subscription Shares |
|
|
Shuimu Wang |
7,000,000 |
The information above is that of subject’s major shareholders.
Factories
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1 |
|
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Name: |
Dalin Factory |
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Address: |
No. 331, Dalin Road, Yuanlin Alley, Daya District, Taichung City |
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Date of Foundation: |
1995-7-19 |
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Date of Registration: |
1995-9-25 |
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Date of closing business |
2001-11-8 |
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Factory Registration Number: |
99185861 |
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Factory Manager: |
Shuimu Wang |
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Status: |
Close Business |
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Date of Last Annual Return: |
2001-11-8 |
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2 |
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Name: |
Tanzi Factory |
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Address: |
No. 595, 3 Sec, Zhongshan Road, Lilin Alley, Taizi District, Taichung
City. |
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Date of Foundation: |
2000-11-23 |
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Date of Registration: |
2000-12-4 |
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Factory Registration Number: |
99634732 |
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Date Of Closing Business |
2004-2-9 |
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Factory Manager: |
Shuimu Wang |
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Status: |
Close Business |
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Date of Last Annual Return: |
2004-2-9 |
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3 |
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Name: |
Gangwei Factory |
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Address: |
No.208-20, Zhongqing Road, Gangwei Alley, Xitun District, Taichung
City |
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Date of Registration: |
2004-1-12 |
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Factory Registration Number: |
99702026 |
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Factory Manager: |
Shuimu Wang |
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Status: |
In Production |
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Date of Last Annual Return: |
2004-1-12 |
Core Management
Directors
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1 |
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Name |
Shuimu Wang |
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Position |
Board Chairman |
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2 |
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Name |
Yingli Wu |
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Position |
Director |
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3 |
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Name |
Weirong Lu |
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Position |
Director |
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4 |
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Name |
Yimin Su |
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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 |
1F., No.208-22, Chung-Ching Rd., West Dist., Taichung City 407, Taiwan,
R.O.C. |
Production
Information
Subject is engaged in manufacturing of TPU, etc.
Subject has a factory in Taiwan for production.
It is introduced subject’s production capacity is about 350 tons per
month.
Subject obtained the certification of ISO9001, ISO14001, etc.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
|
Shock of material liquid, air cushion, air bag, air bag, bag, elastic
cushion manufacturing processing and sale |
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Rubber hose, rubber mold, plastic tubes, plastic mold manufacturing
processing and sales |
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All relevant manufacturers at home and abroad product distribution
agent before bidding business quotation |
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Before the products import and export trade business |
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C805060 |
Plastic leather products manufacturing |
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C402990 |
Other leather products manufacturing (Aviation with life jackets,
artificial leather, plastic, leather) |
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F199990 |
Other Wholesales(Aviation with life jackets) |
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F107990 |
Other chemical products wholesale(Artificial leather, plastic,
leather) |
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F299990 |
Other retail(Aviation with life jackets) |
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F207990 |
Other chemical products retail(Artificial leather, plastic, leather) |
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ZZ99999 |
In addition to the license of business, business law of prohibited or
restricted |
The components and raw material for production are mostly purchased in domestic markets.
The subject is mainly engaged in sales of TPU, etc.
The major products sold by subject include clear TPU, color TPU,
pearlized finished TPU, embossed TPU, compound TPU, synthetic TPU, TPU film,
etc.
The products are applied in sporting goods, medical treatment, bicycle,
etc.
The subject sales regions include Asia,
America, Europe, etc.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
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Raw Materials |
Cash, T/T, etc |
100% |
Foreign Purchase
Subject has little
import.
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
TPU, etc. |
T/T, Cash, etc |
100% |
Export
|
Terms |
Proportion |
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TPU, etc. |
L/C, 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 declined to disclose
its financials citing the grounds of company’s confidentiality; 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
|
Trial Number: |
2008,Zhonglaojian,58 |
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Date of Trial: |
2008-8-26 |
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Reason: |
Make sure the employment relationship exists |
|
Name |
The Operator |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.49 |
|
|
1 |
Rs.99.41 |
|
Euro |
1 |
Rs.84.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
|
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 |
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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.