MIRA INFORM
REPORT
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Report Date : |
13.05.2011 |
IDENTIFICATION DETAILS
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Name : |
HAANTEX CO., LTD. |
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Registered Office : |
No.80, Jili st., Beitou District, Taipei City 112, Taiwan (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
07.09.2006 |
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Com. Reg. No.: |
28397328 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Sales of knitting
machines, etc |
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 40,000 |
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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 – 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: |
1/F., No.80, Jili st., Beitou District,
Taipei City 112, Taiwan (R.O.C.) |
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Supplied Address: |
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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.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
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Risk Analysis: |
Average creditworthiness |
Company
Identification Details
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Registered Name: |
Haantex Co., Ltd. |
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Registered Address: |
No.80, Jili st., Beitou District, Taipei City 112, Taiwan (R.O.C.) |
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Date of Foundation: |
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Registration Number: |
28397328 |
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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 8,000,000 (USD 280,000) |
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Legal Representatives: |
Hanzhe Dai |
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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 Shares |
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Hanzhe Dai |
160,000 |
|
Yiling Chen |
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|
160,000 |
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Chunyu Xiao |
160,000 |
|
Qiuzhen Huang |
160,000 |
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
Directors
|
1 |
|
|
Name |
Hanzhe Dai |
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Position |
Board Chairman |
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2 |
|
|
Name |
Yiling Chen |
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Position |
Director |
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3 |
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Name |
Chunyu Xiao |
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Position |
Director |
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4 |
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Name |
Qiuzhen Huang |
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Position |
Supervisor |
Personnel Structure
|
Total Employees |
Over 10 employees |
Operation
Information
Offices & Factories
|
|
Headquarters |
|
Add |
1/F., No.80, Jili
st., Beitou District, Taipei City 112, Taiwan (R.O.C.) |
Production Information
Subject is a trader of knitting machines and other related products without any production activities.
It is introduced that Subject also deals with the assembling of the machines.
Purchase Information
The registered activities of subject:
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Business Code |
Details |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
Subject purchases the components mainly from Taiwan and parts of the components are imported from Japan and Germany.
Subject is mainly engaged in sales of knitting machines.
Subject’s products are mainly sold to overseas market and subject’s general delivery date is 90~120 days.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Components |
CBD, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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|
Components |
CBD, etc |
100% |
Sales
Domestic Markets
Subject has little domestic sales.
Export
|
Payment Terms |
Proportion |
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Knitting machines |
L/C |
100% |
Notes: Subject’s settlement for export is generally
in USD
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. Wu 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 |
Citi Bank |
|
Address |
Taiwan |
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. Wu |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.79 |
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UK Pound |
1 |
Rs.73.19 |
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Euro |
1 |
Rs.63.59 |
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.