MIRA INFORM REPORT
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Report Date : |
09.05.2011 |
IDENTIFICATION DETAILS
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Name : |
WINDESON ENTERPRISE CORP. |
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Registered Office : |
9th Fl., No.131, Sung Chiang Road, Taipei City, Taiwan, R.O.C. |
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Country : |
Taiwan |
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Date of Incorporation : |
14.04.1981 |
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Com. Reg. No.: |
12324476 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Sales of garments |
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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Maximum Credit Limit : |
USD 40,000 |
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Status : |
Satisfactory |
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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 |
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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: |
9th Fl., No.131, Sung Chiang Road, Taipei City, Taiwan, R.O.C. |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
Notes: Subject’s exact name and address are 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: |
Windeson Enterprise
Corp. |
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Registered
Address: |
9th Fl., No.131,
Sung Chiang Road, Taipei City, Taiwan, R.O.C. |
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Date of
Foundation: |
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Registration
Number: |
12324476 |
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Registry: |
Taipei City
Government |
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Registered
Capital: |
(As of 2011.05, 1
NTD = 0.035 USD) |
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Paid-up Capital: |
NTD 15,000,000
(USD 525,000) |
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Legal
Representatives: |
Dinglu Zhu |
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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: |
Notes: Subject declined to disclose its staff
number; from other source we can not obtain the relevant information, either.
History
Subject was
incorporated on
Shareholders
|
Name |
Subscription
Shares |
|
Dinglu
Zhu |
3,750 |
|
Shuyuan Chen |
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|
1,500 |
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Kangyuan
Zhu |
4,125 |
|
Jiyi
Chen |
750 |
The information above is that of subject’s
major shareholders.
Subsidiaries & Branches
Subject did not introduce whether it has any
subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Personnel Information
Core Management
|
1 |
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Name |
Dinglu Zhu |
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Position |
Director & Manager |
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Date of Appointment |
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2 |
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Name |
Shuyuan Chen |
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Position |
Director |
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3 |
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Name |
Kangyuan Zhu |
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Position |
Director |
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4 |
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Name |
Jiyi Chen |
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Position |
Supervisor |
Operation Information
Offices & Factories
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|
Headquarters
|
|
Add |
9th Fl., No.131,
Sung Chiang Road, Taipei City, Taiwan, R.O.C. |
Production Information
l
Subject is
a trader of garments without any production activities
Purchase Information
l
The
registered activities of subject:
|
1 |
General
import and export trading business except futures |
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2 |
Bidding
service and price quoting service for domestic and overseas customers |
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3 |
Operation
and investment of the above mentioned business |
l
It is
introduced that Subject purchases garments both at home and abroad and its
purchasing area include Taiwan, the mainland of China, Indonesia, Thailand,
Philippines, Vietnam, etc
l
The
subject is engaged in sales of garments.
l
Subject’s
products are mainly sold to the USA and its major customers include JC Penny,
War-Mart, Sears, Target, etc
l
It is introduced
that Subject has specific cooperative customers and declines new customers.
Import and export right:
|
Import
right |
Yes |
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Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase
|
Payment
Terms |
Proportion |
|
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Garments
|
COD,
etc |
100% |
Foreign
Purchase
Subject does not
have direct import, and it generally sell its products from the original place
directly to customers.
Sales
Domestic
Markets
Subject has little domestic sales
Export
|
Sales Terms |
Proportion |
|
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Garments |
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. Chen declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Bankers
Subject declined to
disclose its bank details, from other source we can not obtain the relevant
information, either. Thus we can not confirm whether subject’s banker is
Taishin International 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. Chen |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.78 |
|
UK Pound |
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.65.27 |
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 |
|
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.