MIRA
INFORM REPORT
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Report Date : |
11.07.2011 |
IDENTIFICATION DETAILS
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Name : |
SUN FANG PAPER INDUSTRY CO LTD. |
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Registered Office : |
No. 1 Chung Cheng Rd.,
Tu-Cheng District, New Taipei City |
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Country : |
Taiwan |
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Date of Incorporation : |
25.03.1991 |
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Com. Reg. No.: |
86095552 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture and sales
of paper products, etc |
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 40,000 |
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Status : |
Small Company |
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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, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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: |
No. 1 Chung Cheng Rd., Tu-Cheng District, New Taipei City, Taiwan |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
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Registered Name: |
Sun Fang Paper Industry
Co Ltd. |
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Registered Address: |
No. 1 Chung Cheng Rd.,
Tu-Cheng District, New Taipei City, Taiwan |
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Date of Foundation: |
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Registration Number: |
86095552 |
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Registry: |
New Taipei City
Government |
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Registered Capital: |
(As of 2011.07, 1 NTD =
0.0348 USD) |
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Legal Representatives: |
Meili Huang |
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Legal Form: |
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Principal Activities: |
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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
Amount |
|
Meili Huang |
2,000,000 |
The information
above is that of subject’s major shareholders.
Subsidiaries & Branches
It is introduced that subject has a factory in Taiwan, while the details
are not disclosed.
Personnel Information
Core
Management
|
Name |
Meili Huang |
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Position |
Director |
Personnel
Structure
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Total Employees |
About 50
employees |
Operation Information
Offices
& Factories
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Headquarters |
|
Add |
No. 1 Chung Cheng Rd., Tu-Cheng District,
New Taipei City, Taiwan |
Production
Information
l
Subject is a manufacturer of paper products.
l
Subject produces paper products and it also cooperates
with printing house
to process the products.
Purchase
Information
l
The registered activities of subject:
|
1 |
Manufacture, processing and sales of paper, paper
bag, Scotch tape and many other paper products including waste paper |
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2 |
Sales, import and export for the above mentioned
items |
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3 |
Investment for the above mentioned items |
l
Subject purchases both at home and abroad and
subject imports Kraft paper mainly abroad such as USA and Japan, etc
l
The subject is mainly engaged in sales of paper
products including paper bag, paper board, etc
l
Subject’s products are both sold in domestic and
overseas market.
Settlements
Purchase
|
Product |
Payment Terms |
Proportion |
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Raw materials |
COD, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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kraft paper, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Paper products |
CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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Paper products |
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.
Bankers
Subject declined to disclose its bank details; from other source we can not
obtain the relevant information, either.
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. Shu |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
|
|
1 |
Rs.70.74 |
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Euro |
1 |
Rs.63.64 |
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 |
-- |
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.