MIRA INFORM REPORT
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Report Date : |
28.12.2011 |
IDENTIFICATION DETAILS
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Name : |
TAIWAN SMILE FOOD CO LTD. |
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Registered Office : |
No.76, Wugong 6th Rd., Wugu Dist., New Taipei City 248 |
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Country : |
Taiwan |
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Date of Incorporation : |
12.06.2009 |
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Com. Reg. No.: |
24422579 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Production and sales of popcorn |
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No. of Employees
: |
About 90 employees (estimated) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 60,000 |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Taiwan |
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 |
Contact
Points
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Company Name: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
No. 76, Wugong 6th Road, Wugu Industrial
Park, New taipei City, Taiwan |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact
name and address are as above and the supplied address is the one of subject’s
factory.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
Taiwan Smile Food Co., Ltd. |
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Registered Address: |
No.76, Wugong 6th Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
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Date of Foundation: |
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Registration Number: |
24422579 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2011.12, 1 NTD = 0.033 USD) |
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Paid-up Capital: |
NTD 20,000,000 (USD 660,000) |
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Legal Representatives: |
Hsin-Chang Tsai |
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Legal Form: |
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Principal Activities: |
Production and sales of
popcorn |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
History
Subject was incorporated on
Shareholders
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Name |
Subscription
Shares |
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Hsin-Chang Tsai |
800,000 |
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Yen-Hua Chen |
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400,000 |
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Zhongyu Chen |
800,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Factory:
|
Address: |
No.76, Wugong
6th Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
Pop Corn Shop
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Name: |
Pop-Smile
Popcorn Shop |
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Address: |
1/F., No. 190,
Changshou Street, Sanchong Dist., New taipei City, Taiwan |
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Tel: |
+886-2-8983-8123
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Fax: |
+886-2-8983-3668
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It is introduced
that subject has cooperative warehouses in various regions of China such as
Shanghai to keep the inventories, while the details are not disclosed.
Personnel
Information
Core
Management
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1 |
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Name |
Hsin-Chang Tsai |
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Position |
Board Chairman |
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2 |
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Name |
Yen-Hua Chen |
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Position |
Director |
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3 |
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Name |
Zhongyu Chen |
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Position |
Director |
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4 |
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Name |
Zhongmeng Chen |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 90
employees (estimated) |
Operation
Information
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject is a manufacturer of pop corn.
l
It is introduced that Subject’s factory obtained
the certification of SGS ISO22000/HACCP and Islam
HALAL international food safety certification.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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C104020 |
Production of Bakery Food and Steaming food |
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C199990 |
Production of other Unclassified food |
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F401010 |
International Trading Business |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
It is introduced that subject purchase corn from
foreign countries.
l
The subject is mainly engaged in sales of pop corn.
l
Subject has its own brand named POP SMILE.
l
Subject’s products are both sold in domestic and
overseas market and subject has pop corn shop in Taiwan and also has
cooperative warehouses in the mainland of China.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
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Payment Terms |
Proportion |
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Raw materials, etc |
COD, CBD, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Raw materials (corn, etc), etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Pop corn |
COD, Credit Sales, etc |
100%s |
Export
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Sales Terms |
Proportion |
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Pop corn |
CBD, etc |
100%s |
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 Mr. Huang 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 Cooperative Bank |
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Branch: |
Dong Sanchong Branch |
Notes: Mr. Huang
declined to disclose bank details, thus we can not confirm the account number
0670188003856
Trade
Reference
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1 |
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Name |
Taiwan Sugar Corporation |
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City |
Tainan City |
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Tel: |
+886-223061112 |
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Fax: |
+886-223087901 |
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2 |
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Name |
Chang Guann Co., Ltd |
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City |
Kaohsiung City |
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Tel: |
+886-77011333 |
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Fax: |
+886-77015171 |
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 |
Mr. Huang |
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Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.89 |
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UK Pound |
1 |
Rs.82.71 |
|
Euro |
1 |
Rs.69.15 |
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 |
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.