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Report Date : |
26.11.2014 |
IDENTIFICATION DETAILS
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Name : |
YUAN LONG STAINLESS STEEL CORP |
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Registered Office : |
No.28, Daye S. Rd.,
Siaogang District, |
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Country : |
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Date of Incorporation : |
09.12.2005 |
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Com. Reg. No.: |
27699704 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sale
of steel products |
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No. of Employees : |
200 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
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: |
No.28, Daye S. Rd., Siaogang District, Kaohsiung City 812, Taiwan
(R.O.C.) |
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Supplied Address: |
NO.28 DA - YE S. RD., HSIANO- KANG 812 KAO HSIUNG CITY TAIWAN |
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Telephone Number: |
+886-7-975-7988 |
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Fax Number: |
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E-mail: |
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Website: |
Notes: The
exact name and address are as above.
Subject
was incorporated on 2005-12-9 with registered number 27699704 as Joint Stock Company in
Change of Name
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Former English Name: |
Yuan Long
Stainless Steel Corporation |
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Current English Name: |
Yuan Long
Stainless Steel Corp. |
Factory
|
Address: |
No.28, Daye S. Rd., Siaogang District, |
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Date of Registration: |
2006-9-20 |
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Factory Registration Number: |
64006006 |
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Factory Manager: |
Kunyan Li |
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Status: |
In Production |
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Date of Last
Annual Return: |
2008-4-15 |
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Major Products: |
241 steel |
Major Shareholder
|
Name |
Subscription Shares |
|
Asia Cement Corporation |
200,000,000 |
Shareholder Information:
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Registered Name: |
Asia Cement Corporation |
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Registered
Address: |
30th-31th Fls.,
Taipei Metro Tower No.207, Sec.2, Tun Hwa S. Rd., Taipei |
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Date of
Foundation: |
1957-3-21 |
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Registration
Number: |
03244509 |
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Registry: |
Department of Commerce,
Ministry of Economic Affairs, R.O.C. |
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Registered
Capital: |
NTD 36,000,000,000
(USD 1,224,000,000) (As of 2014.11, 1
NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 33,614,471,980
(USD 1,142,892,047) |
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Legal
Representatives: |
Xudong Xu |
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Legal Form: |
Joint Stock
Company |
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Date of Last
Annual Return: |
2014-9-17 |
Core Management
Directors
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1 |
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Name |
Kunyan Li |
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Position |
Board Chairman |
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2 |
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Name |
Xuping Xu |
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Position |
Director |
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3 |
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Name |
Canfen Zheng |
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Position |
Director |
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4 |
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Name |
Boran Zheng |
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Position |
Director & Manager |
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Appointment Date of Manager |
2013-6-28 |
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5 |
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Name |
Chunming Chen |
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Position |
Director |
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6 |
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Name |
Lingling Wu |
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Position |
Supervisor |
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7 |
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Name |
Congming Chen |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 200 Employees |
Offices & Factories
|
|
Headquarters |
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Add |
No.28, Daye S. Rd., Siaogang District, Kaohsiung City 812, Taiwan (R.O.C.) |
Production Information
Subject is engaged in manufacturing of steel products, etc.
Subject has a factory (about 73,000 square meters) in Kaohsiung City, Taiwan for production.
Subject’s annual production capacity is about 130,000 MT.
Subject obtained the certifications of ISO 9001, ISO 14001, OHSAS 18001, ISO 15506, etc.
Subject’s major production facilities include bright annealing line, 20-high sendzimir mill, tension leveling line, skin pass mill, coil build-up line, coil grinding line, roll grinding machine, grinding and polishing line, coil inspection line, etc.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
CA01020 |
Steel rolling and squeezing |
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CA01050 |
Steel secondary processing |
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CB01010 |
Manufacturing of machinery |
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CD01030 |
Manufacturing of automobile and related components |
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F106010 |
Wholesale of hardware |
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F111090 |
Wholesale of building materials |
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F199990 |
Other wholesale business |
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F401010 |
International trade business |
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ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
The raw materials for production are purchased from both home and abroad.
Subject is engaged in sale of steel products, etc.
Subject’s major products are stainless steel and stainless steel packing, etc.
Subject’s sales regions include Asia, Europe and America, etc.
Subject’s major customers are Acinox S.A., Aceros Luisesco Sa, etc.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Raw materials, etc |
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Payment Terms |
Cash, T/T, etc |
Import
|
Products |
Raw materials, etc |
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Payment Terms |
T/T, etc |
Sales
Domestic Markets
|
Product |
Steel products,
etc |
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Selling Terms |
Cash, T/T, etc |
Export
|
Product |
Steel products,
etc |
|
Selling Terms |
L/C, T/T, etc |
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. Jian declined to disclose its financials citing the grounds of
company’s confidentiality; from other sources we could not obtain such
information, either.
Subject declined to disclose its bank details; from other source we could 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.
Interview Details
|
Name |
Ms. Jian |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
|
1 |
Rs.97.12 |
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Euro |
1 |
Rs.76.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIS |
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 |
-- |
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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.