MIRA
INFORM REPORT
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Report Date : |
25th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
LEEOTEX INDUSTRIES INC |
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Registered Office : |
Rm 2a-33 Taipei World Trade Center (Twtc) 5 Hsin Yi Rd, Section
5 Hsin-I Dist Taipei City 110, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
30.07.2002 |
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Com. Reg. No.: |
80260463 |
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Legal Form : |
Private
Company |
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Line of Business : |
Engaged
in exporting a wide range of woven and knitted fabrics. |
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 |
Company Name & Address
LEEOTEX INDUSTRIES INC
RM 2A-33 TAIPEI WORLD TRADE CENTER (TWTC) 5 HSIN YI RD, SECTION 5
HSIN-I DIST TAIPEI CITY 110, TAIWAN
TEL :
886-2-87891099
FAX : 886-2-87890911
EXECUTIVE SUMMARY
INCORPORATION
DATE : JULY 30, 2002
REGISTRATION
NO. : 80260463
LEGAL
FORM : PRIVATE
CHIEF
EXECUTIVE : MR.
HUI-HUANG LIU (CHAIRMAN)
STAFF
STRENGTH : 7
CAPITAL : US$ 306,279
BUSINESS
LINE : EXPORTER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
CREDIT RANGE : UP TO USD 10,000
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : FAIRLY STABLE
OPERATIONAL
TREND : FAIRLY STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : TWD 32.94000 =
US$1 AS OF 2007-1-24
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –Taiwan New Dollars
*Company
Registration*
===================
License
number : 80260463
Date
issued : 30 July, 2002
Issuing
authority : Ministry of Economic Affairs (MOEA)
*Corporate
& Organization Structure*
============================
A
small-sized company operated and managed by the owner.
*Reputation*
==========
Reference
checking for the purpose of establishing the firm's reputation within the
respective industry failed to reveal any negative information.
Web
site: www.leeotex-matt.com
the design is professional and the content is well organized. At present it is
in English version.
E-mail: leeotex.ind@msa.hinet.net
For the
past two years there is no record of litigation.
*Major Shareholders*
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Shareholder's Name %
of Shares
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Mr.
Hui-huang Liu
99.00
Management:
Mr. Hui-huang Liu, General Manager
*Key
Personnel*
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Mr.
Hui-huang Liu
Founder : Sole founder
Work
experience : More than 5 years.
Responsibilities :
Handles the daily operation of the firm including all financials and legal
matters.
*Main
Products & Services*
======================
Specializes
in exporting a wide range of woven and knitted fabrics.
Products:
Blended woven fabrics
Check mini-matt
Dobby
Filament woven fabric
Finished woven fabrics
*Payment
Terms*
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Sales
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Export :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : Cash or Credit
*Local
Distribution Network*
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There is
no record of local sales since the prime focus of the firm's activity is
concentrated on exports only.
*Export
Markets*
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100% of
the annual turnover is attributed to export worldwide.
Products
are exported to the following countries/regions :
Country/Region % of Exports
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West
Europe 25
Dubai 20
USA 20
South
Africa 10
East
Europe 10
Other
Areas 8
South
America 7
SC is not known to have any subsidiary at present.
PAYMENT RATING :3 OBTAINED SCORES :
55
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The
rating indicates the payment pattern of SC based upon our Payment Database,
comments from suppliers of SC, information from banks (if available), as well
as industrial sources.
Dealings on open terms may be possible for
MODERATE amounts depending on individual judgement experience.
*Bank
Details*
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Bank
name : TAIPEI FUBON COMMERCIAL
BANK CO LTD
Branch : Taipei WTC
Swift
code : TPBKTWTP
As a
privately-owned company there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
Int´l
Trade Activity (Currency: U.S. $'s)
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Year Imports
Exports Total
2003 $0.00 $500,000.00
$500,000.00
2004 $0.00 $3,000,000.00
$3,000,000.00
2005 $0.00 $1,500,000.00
$1,500,000.00
SC is
considered small-sized in its line with an acceptable base to come into credit
dealings of small amount.
ATTACHED: TRADE REFERENCES
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Exporting 2200
Textile Mill Products
Exporting 2211
Broad woven fabrics,
cotton
Exporting 2221
Broad woven fabrics,
manmade fibers and silk
Exporting 2257
Circular knit fabrics
Exporting 2259
Knitting Mills, NEC
Exporting 2299
Textile goods,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Exporting 5007
Woven fabrics of silk or
silk waste
Exporting 5007903090
Other woven fabrics of silk or silk
waste, jacquard woven, containing 85
percent or more by weight of silk or of silk
waste
Exporting 5200
Cotton, inc. yarns &
woven fabrics thereof
Exporting 5407520000
Woven fabrics of synthetic filaments
nesoi, 85% or more by weight of
textured
polyester filaments, dyed
Exporting 5408
Woven fab of art fil yarn,
incl monofil 67 dec etc
Exporting 5911
Textile products etc. for
specific tech uses
Exporting 6000
Knitted or crocheted
fabrics
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Exporting Functional
fabrics
Exporting Knit
fabrics
Exporting Knitted
fabrics, tricot
Exporting
Knitted
fleece
Exporting Knitted
mesh fabric
Exporting Melange
mini-matt
Exporting Melange
woven fabrics
Exporting Oxford
Exporting P/D
mini-matt
Exporting Polyester
mini-matt series
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting
to Europe
Exporting
to Germany
Exporting
to Mauritius
Exporting
to Middle East
Exporting
to North America
Exporting
to South Africa
Exporting
to South America
Exporting
to UAE
Exporting
to USA
Exporting
to Ukraine
Exporting
to United Kingdom
RATING EXPLANATIONS
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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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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