MIRA INFORM REPORT
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Report Date : |
11.10.2011 |
IDENTIFICATION DETAILS
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Name : |
FLAVOR FULL FOODS INC. |
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Registered Office : |
No.53, Wu Chuan Rd., Wugu
Dist., New Taipei City 248 |
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Country : |
Taiwan |
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Date of Incorporation : |
08.11.1983 |
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Com. Reg. No.: |
12467902 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Sales of pure cold pressed sesame oil |
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 : |
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: |
No.53, Wu Chuan
Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
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Supplied Address: |
53 Wuku Industrial Park Wu Chuan Road Wuku Hsiang taipei Hsien 248
Taipei Hsien, Taiwan |
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Telephone Number: |
+886-2-2298-1539 |
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Fax Number: |
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E-mail: |
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
Flavor Full Foods Inc. |
|
Registered Address: |
No.53, Wu Chuan Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
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Date of Foundation: |
|
|
Registration Number: |
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Registry: |
New Taipei Government |
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Registered Capital: |
NTD 600,000,000
(USD 19,800,000) (As of 2011.10, 1 NTD = 0.0330 USD) |
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Paid-up Capital: |
NTD 415,000,000 (USD 13,695,000) |
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Legal Representatives: |
Wennan Chen |
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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 1983-11-8 with registered
number 12467902 as Joint Stock Company in Taiwan.
Awards
|
Year |
Awards |
|
2008 |
Blue chip
importer and exporter |
|
2009 |
Blue chip
importer and exporter |
|
2010 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
Shareholders
|
Name |
Subscription Shares |
|
8,295,854 |
|
|
|
|
|
5,444,931 |
|
|
121,123 |
|
|
169,051 |
|
|
73,492 |
|
|
1,196,841 |
|
|
16,000 |
Notes: The information above is that of subject’s
major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Wennan Chen |
|
Position |
Board Chairman |
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2 |
|
|
Name |
Ruili Chen |
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Position |
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3 |
|
|
Name |
Zheming Li |
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Position |
Director |
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4 |
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Name |
Xiurong Lin |
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Position |
Director |
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5 |
|
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Name |
Shuwen Chen |
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Position |
Director |
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6 |
|
|
Name |
Ximing Chen |
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Position |
Auditor |
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7 |
|
|
Name |
Minxiong Li |
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Position |
Auditor |
Personnel
Structure
|
Total Employees |
More than 10 Employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.53, Wu Chuan Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
Production
Information
l
Subject is a trader of pure cold pressed sesame oil
without any production activities.
Purchase
Information
l
The subject purchases pure cold pressed sesame oil,
etc.
l
The subject purchases from foreign countries.
l
The subject is engaged in sales of pure cold pressed sesame oil, etc.
l
The subject sells products around the world.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic
Purchase (Taiwan and Mainland, China)
The subject seldom purchases from domestic markets.
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
pure cold pressed sesame oil |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan)
The subject seldom sells in domestic markets.
Export
|
Sales Terms |
Proportion |
|
|
pure cold pressed sesame oil |
CBD, etc |
100% |
Financial
Information
|
Year: |
Sales |
|
2010 |
About USD 4,000,000 |
Notes: We obtain the information of subject from
public files which is not confirmed by subject.
Bankers
|
Name |
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 |
Ximing Chen |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
|
UK Pound |
1 |
Rs.76.65 |
|
Euro |
1 |
Rs.66.17 |
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 |
|
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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.