MIRA INFORM REPORT
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Report Date : |
04.11.2011 |
IDENTIFICATION DETAILS
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Name : |
STELLA INTERNATIONAL LIMITED |
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Registered Office : |
No.40, Guosi, Huwei Township,
Yunlin County 63250 |
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Country : |
Taiwan |
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Date of Incorporation : |
22.08.2006 |
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Com. Reg. No.: |
27944755 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacture and trading of footwears |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
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 30,000 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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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No.40, Guosi,
Huwei Township, Yunlin County 63250, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-2-23717291 |
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Fax Number: |
Notes: The supplied address is the ministry of
finance of subject. The exact address and name of subject are as above
mentioned.
Credit
Summary
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Credit Rating: |
|
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
Stella
International Limited, Taiwan Branch (Vanuatu) |
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Registered
Address: |
No.40, Guosi,
Huwei Township, Yunlin County 63250, Taiwan (R.O.C.) |
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Date of
Foundation: |
2006-08-22 |
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Registration Number: |
27944755 |
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Registry: |
Department of
Commerce |
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Registered
Capital: |
(As of 2011.11, 1
NTD = 0.0329 USD) |
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Paid-up Capital: |
NTD 1,000,000
(USD 32,900.00) |
|
Legal
Representatives: |
Chen Limin |
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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: We obtained the staff number from public
files, which was not confirmed by the subject.
History
Subject was incorporated on 2006-08-22 with registered number 27944755
as Private Limited Liability Company in Taiwan.
Standard of footwear importer and exporter
Unit:
USD
|
Year |
Amount |
|
2010 |
20,000,000 |
|
2009 |
15,000,000 |
Shareholders
Notes: Information on shareholders was not obtained
from subject or other sources.
Personnel Information
Core Management
|
Chen Limin |
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|
Position |
Manager |
Operation
Information
Offices & Factories
|
|
Headquarters
|
|
Add |
No.40, Guosi,
Huwei Township, Yunlin County 63250, Taiwan (R.O.C.) |
Production Information
l
Subject
produces footwear.
l
Subject
has its factory in Dongguan, Guangdong.
Purchase Information
l
The
registered activities of subject:
|
Business Code |
Details
|
|
F401010 |
International
Trade |
Besides licensed
business, all other business items those are not banned or restricted.
l
The components
and raw material for production are purchased from domestic and abroad.
l
The subject has a proportion of 50% for Import
l
The
subject is mainly engaged in the sales of footwear.
l
Subject sells
products to domestic markets and foreign countries.
l
The subject has a proportion of 50% for export.
l
Subject exports to Philippines and some other Asian
countries.
Import and export right:
|
Import
right |
Yes |
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Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase
|
Payment
Terms |
Proportion |
|
|
Components
and raw material |
CBD,
etc. |
100% |
Foreign
Purchase
|
Payment
Terms |
Proportion |
|
|
Components
and raw material |
CBD,
etc. |
100% |
Sales
Domestic
Markets
|
Sales
Terms |
Proportion |
|
|
Footwear |
CBD,
etc. |
100% |
Export
|
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. Kang 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. Kang |
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 |
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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 |
|
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.