MIRA INFORM REPORT
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Report Date : |
26.04.2011 |
IDENTIFICATION DETAILS
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Name : |
SEASON FURNISHING CO., LTD. |
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Registered Office : |
No.18, Wugong 5th Rd., Wugu Dist., New Taipei City 248 |
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Country : |
Taiwan |
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Date of Incorporation : |
06.04.1995 |
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Com. Reg. No.: |
89445408 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and sales of furniture and household articles |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 20,000 |
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Status : |
Moderate |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Taiwan |
a2 |
a2 |
|
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 |
Contact Points
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.18, Wugong 5th
Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-2-2299-1399 |
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Fax Number: |
Notes: The exact address is as above.
Credit Summary
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Credit Rating: |
|
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Credit Opinion: |
Company Identification Details
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Registered Name: |
Season Furnishing
Co., Ltd. |
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Registered
Address: |
No.18, Wugong 5th Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
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Date of
Foundation: |
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Registration
Number: |
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Registry: |
New Taipei City
Government |
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Registered
Capital: |
NTD 15,000,000 (USD 519,000) (As of 2011.04, 1
NTD = 0.0346 USD) |
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Legal
Representatives: |
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Legal Form: |
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Principal
Activities: |
Manufacturing and sales of furniture
and household articles |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Notes: The subject declined to disclose its staff
number.
History
Subject was
incorporated on
Shareholders
|
Name |
Subscription
Amount |
|
14,000,000 |
Notes: The information above is that of subject’s
major shareholders.
Subsidiaries
& Branches
Personnel Information
Core Management
|
1 |
|
|
Name |
Huimei Wu |
|
Position |
Director |
Operation Information
Offices & Factories
|
|
Headquarters
|
|
Add |
No.18, Wugong 5th
Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
Production Information
l
Subject
produces furniture
and household articles.
l
The products are including sofa, dining table,
deck-chairs, and imported fabrics such as placemat,
heat insulating mattress, glove, window screening, napkin, bolster, reticule,
blanket, curtain and carpet.
Purchase Information
l
The
registered activities of subject:
|
Business Code |
Details
|
|
C399990 |
Manufacturing
of other spinning and textile (cut out and processing casement, repps, chair
cover ) |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The fabrics
are mostly purchased from abroad.
l
The
subject purchases raw materials for making furniture.
l
The
subject is engaged in sales of furniture and household articles.
l
The subject sells products mainly in Taiwan.
Import and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase (Taiwan and Mainland, China)
|
Payment
Terms |
Proportion |
|
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Raw
materials |
Foreign
Purchase
|
Payment
Terms |
Proportion |
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|
Fabrics |
100% |
Sales
Domestic
Markets (Taiwan)
|
Sales
Terms |
Proportion |
|
|
Furniture and household articles |
CBD,
etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
CBD,
etc |
100% |
Financial Information
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. Zhou declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Bankers
|
Name |
Taiwan
Bank |
Public Record
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. Zhou |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.45 |
|
UK Pound |
1 |
Rs.73.35 |
|
Euro |
1 |
Rs.64.78 |
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 |
|
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 |
|
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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.