MIRA INFORM
REPORT
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Report Date : |
21.10.2011 |
IDENTIFICATION DETAILS
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Name : |
EURASITEX CORPORATION |
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Registered Office : |
2FL., No.60, Pei Ning
Rd., Taipei, Taiwan, R.O.C. |
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Country : |
Taiwan |
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Date of Incorporation : |
24.08.1988 |
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Com. Reg. No.: |
23040264 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture, processing and sales of textiles, etc |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 80,000 |
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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 |
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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 |
Bottom of Form
Contact
Points
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Company Name: |
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Supplied Name: |
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Trading Address: |
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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
Notes: Subject’s staff information is estimated and only for reference.
History
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Subject was incorporated with registered number 23040264 as Joint Stock Company in Taiwan. |
Shareholders
|
Name |
Subscription
Shares |
|
Maolin Jian |
3,919,600 |
|
Sufen Huang |
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2,433,067 |
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Zhimin Jian |
568,399 |
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Zhibin Jian |
744,201 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Branch Companies
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1 |
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Name |
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Tel: |
+886-4-2313-9350 |
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Fax: |
+886-4-2314-9390 |
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2 |
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Name |
Tainan
Branch |
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Address |
No.37, Sheng-Hua
Street, , Tainan County , Yungkang City,
Taiwan |
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Tel: |
+886-6-3139780 |
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Fax: |
+886-6-3139724 |
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3 |
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Name |
Kaohsiung Branch |
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Address |
No. 92-1, Bao-Yang
Street, Kaohsiung city, Taiwan |
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Tel: |
+886-7-3959888 |
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Fax: |
+886-7-3959777 |
Related Company:
|
Name |
Shanghai Eurasitex
Textile Co. Ltd |
|
Address |
1-2/F., Classic
europe&america hall, Zhongzhongjiayuan, No. 1258, Wuzhong Road, Minxing
District, Shanghai City, China. |
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Tel: |
+86-21-54220567 |
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Fax: |
+86-21-54220575 |
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Notes: |
The company has
offices in Shenzhen, Beijing, Chengdu, Wuhan and Chongqing. |
Personnel
Information
Core Management
Directors
|
1 |
|
|
Name |
Maolin Jian |
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Position |
Board Chairman |
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2 |
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Name |
Sufen Huang |
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Position |
Director |
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3 |
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Name |
Zhimin Jian |
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Position |
Director |
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4 |
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Name |
Zhibin Jian |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
About 80 employees
(estimated) |
Operation
Information
Offices & Factories
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Headquarters |
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Add |
Production Information
Subject is engaged in manufacture and processing of home textiles, etc
Subject obtained the certification of ISO 9000.
Purchase Information
The major registered activities of subject:
|
Business Code |
Details |
|
-- |
Processing, manufacture,
sales, import and export business of bed
spread and curtain |
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-- |
Processing,
manufacture, sales, import and export business of all kinds of fabric and textiles
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|
-- |
General import and
export trading business |
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I503010 |
landscape, indoor
design industry |
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E801010 |
Indoor upholster
industry |
Subject purchases
both at home and broad.
The subject is mainly engaged in sales of home textiles, etc.
It is introduced that subject can handle projects of home textiles for customers such as hotels, restaurants and it can provide a service of coordinated process including design, manufacture and installation service
Subject’s products are both sold in domestic and overseas market and subject’s products are mainly exported to Europe, etc
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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Raw materials |
COD, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Raw materials |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Textiles |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Textiles |
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 Mr. Gao 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 |
Industrial Bank of Taiwan |
|
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 |
Mr. Gao |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.71 |
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UK Pound |
1 |
Rs.78.08 |
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Euro |
1 |
Rs.68.05 |
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.