MIRA INFORM REPORT

 

 

Report Date :           

04.11.2011

 

IDENTIFICATION DETAILS

 

Name :

CAROSSE INTERNATIONAL CO., LTD.

 

 

Registered Office :

3F, 6F, No.54, Sung-Chiang Road, Taipei, Taiwan, R.O.C.

 

 

Country :

Taiwan

 

 

Date of Incorporation :

29.10.1986

 

 

Com. Reg. No.:

22326760

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trading and export of footwear

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 10,000

Status :

Moderate

Payment Behaviour :

No Complaints

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)

Taiwan

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Contact Points

 

Company Name:

Carosse International Co., Ltd.

Supplied Name:

Carosse International Co Ltd

Trading Address:

3F, 6F, No.54, Sung-Chiang Road, Taipei, Taiwan, R.O.C.

Supplied Address:

6F No 54 Sung-Chang Road Taipei Taiwan

Telephone Number:

+886-2-25613892

Notes: The exact subject’s address is as above address.

 

 

Credit Summary

 

Credit Rating:

Maximum credit USD 10,000

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Carosse International Co., Ltd.

Registered Address:

3F, 6F, No.54, Sung-Chiang Road, Taipei, Taiwan, R.O.C.

Date of Foundation:

1986-10-29

Registration Number:

22326760

Registry:

Government of Taipei

Registered Capital:

NTD 10,000,000.00 (USD 329,000.00)

(As of 2011.11, 1 NTD = 0.0329 USD)

Paid-up Capital:

NTD 10,000,000.00 (USD 329,000.00)

Legal Representatives:

Zhao Zhengyan

Legal Form:

Private limited liability company

Principal Activities:

Trading and the export of footwear

Staff:

N/A

Listed at Stock Exchange:

No

Date of Last Annual Return:

2004-11-16

Notes: Subject rejected to disclose the staff number, and we could not obtain that from other sources.

 

 

History

 

Subject was incorporated on 1986-10-29 with registered number 22326760 as Private Limited Liability Company in Taiwan.

 

 

Shareholders

(Unit: NTD)

Name

Subscription Amount

Zhao Zhengyan

8,200,000         

 

Zhao Zhengyun

 

400,000

 

Zhao Zhengmei

600,000

 

The information above is that of subject’s major shareholders.

 

 

Subsidiaries & Branches

 

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

 

 

Personnel Information

 

Core Management

Directors

1

Name

Zhao Zhengyan

Position

Chairman

2

Name

Zhao Zhengyun

Position

Director

3

Name

Zhao Zhengmei

Position

Director

 

 

Operation Information

 

Offices & Factories

 

Headquarters

Add

3F, 6F, No.54, Sung-Chiang Road, Taipei, Taiwan, R.O.C.

 

Production Information

l         Subject is a trader of footwear without any production activities.

l         Subject does not have any factory.

 

Purchase Information

l         The registered activities of subject:

Business Code

Details

1

General import and export

2

Agency of quotation, tender, operation of related products of domestic and foreign countries (except futures)

3

Operations and investment of the above activities.

Besides licensed business, all other business items those are not banned or restricted.

 

Sales Information

l         Subject is engaged in the sales of footwear.

l         Subject exports products to Mainland of China, Asia, Europe and America.

l         The subject has a proportion of 100% for export.

 

Import and export right:

Import right

Yes

Export right

Yes

 

 

Settlements

 

Purchase

Domestic Purchase

Product

Payment Terms

Proportion

Footwear

CBD, etc.

100%

 

Foreign Purchase

Notes: Subject seldom purchases from foreign markets.

 

Sales

Domestic Markets

Notes: Subject seldom sells products to domestic markets.

Export

Product

Sales Terms

Proportion

Footwear

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. Xu declined to disclose its financials citing the grounds of company’s confidentiality; 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. Xu

Position

carosse@ms8.hinet.net 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.37

UK Pound

1

Rs.78.50

Euro

1

Rs.67.59

 

 

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

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

----

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.