MIRA INFORM REPORT
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Report Date : |
27.06.2011 |
IDENTIFICATION DETAILS
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Name : |
SINILAI INDUSTRIES CORP |
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Registered Office : |
1F, 26 Lane 348,
LI Shan ST, Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
26.07.1993 |
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Com. Reg. No.: |
84300327 |
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Legal Form : |
Joint Stock
Company |
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Line of Business : |
Sales of dye |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 50,000 |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
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: |
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Telephone Number: |
+886-2-27998262 |
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Fax Number: |
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
|
Registered Name: |
Sinilai Industries
Corp |
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Registered
Address: |
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Date of
Foundation: |
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Registration
Number: |
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Registry: |
Taipei City
Government |
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Registered
Capital: |
NTD 18,750,000 (USD 646,875) (As of 2011.06, 1
NTD = 0.0345 USD) |
|
Paid-up Capital: |
NTD 18,750,000
(USD 646,875) |
|
Legal
Representatives: |
Huanhua Wang |
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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
|
Name |
Subscription Shares |
|
Huanhua Wang |
650,000 |
|
Chunfa Li |
|
|
375,000 |
|
|
Yunqiang Wu |
125,000 |
|
Xiaoyun Chen |
250,000 |
Notes: The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core Management
|
1 |
|
|
Name |
Huanhua Wang |
|
Position |
Board Chairman |
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2 |
|
|
Name |
Chunfa Li |
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Position |
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3 |
|
|
Name |
Yunqiang Wu |
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Position |
Director |
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4 |
|
|
Name |
Xiaoyun Chen |
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Position |
Auditor |
Personnel Structure
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Total Employees |
More than 10 Employees |
Operation
Information
Offices & Factories
|
|
Headquarters |
|
Add |
Production Information
Subject is a trader of dye without
any production activities.
Purchase Information
The components and raw material
for production are mostly purchased from domestic markets and foreign markets.
The
subject is mainly engaged in dye.
The subject sells products both to
the domestic markets and foreign markets.
Settlements
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
COD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Raw materials |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
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Export
|
Sales Terms |
Proportion |
|
|
Dye |
CBD, etc |
100% |
Financial
Information
|
Year |
Sales |
|
2010 |
About USD 5,000,000 |
Notes: The
information as above is from introduction of the subject.
Bankers
|
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 |
Miss. Wang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
|
UK Pound |
1 |
Rs.71.89 |
|
Euro |
1 |
Rs.64.09 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
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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.