MIRA INFORM REPORT
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Report Date : |
09.09.2011 |
IDENTIFICATION DETAILS
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Name : |
ATICS INDUSTRIAL CORP. |
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Registered Office : |
12th Fl. No. 62, Sec. 1, Fu Hsing South Rd. Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
31.05.1978 |
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Com. Reg. No.: |
12175807 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of zipper
and Buttons, etc |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 60,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 |
|
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
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 Score: |
280 Points |
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Risk Analysis: |
Average
creditworthiness |
Company
Identification Details
|
Registered Name: |
Atics Industrial
Corp. |
|
Registered
Address: |
12th Fl. No. 62,
Sec. 1, Fu Hsing South Rd. Taipei, Taiwan R.O.C. |
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Date of
Foundation: |
|
|
Registration
Number: |
12175807 |
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Registry: |
Taipei City
Government |
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Registered
Capital: |
NTD 65,000,000 (USD 2,236,000) (As of 2011.09, 1
NTD = 0.0344 USD) |
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Paid-up Capital: |
NTD 65,000,000
(USD 2,236,000) |
|
Legal
Representatives: |
Xiuyu Liu |
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Legal Form: |
|
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Principal
Activities: |
Manufacture and sales of zipper
and Buttons, etc |
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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
Major Permit and license
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Certificate Standard: |
ISO 9001:2000 |
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Number: |
1649 |
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Issue Date: |
01-Nov-2001 |
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Expiry Date: |
31-Oct-2004 |
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Issued By: |
UKAS |
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Scope/Range: |
For manufacture, dyeing and setting of
zipper products |
Shareholders
|
Name |
Subscription
Shares |
|
Xiuyu Liu |
1,614,140 |
| Zhiming Chen |
25,952 |
|
Qingtang Liu |
1,652,580 |
|
Shujuan Chen |
86,846 |
The information above is that of subject’s major
shareholders.
Subsidiaries &
Branches
Factory:
|
Address: |
12th Fl. No. 62,
Sec. 1, Fu Hsing South Rd. Taipei, Taiwan R.O.C. |
|
Telephone Number: |
+886-2-2781-7077,
2781-5435 |
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Fax Number: |
+886-2-2771-3447,
2781-0765 |
Personnel
Information
Core Management
|
1 |
|
|
Name |
Xiuyu Liu |
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Position |
Board Chairman |
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2 |
|
|
Name |
Zhiming Chen |
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Position |
Director |
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3 |
|
|
Name |
Qingtang Liu |
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Position |
Director |
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4 |
|
|
Name |
Shujuan Chen |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
Over
150 employees |
Operation
Information
Offices & Factories
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|
Headquarters
|
|
Add |
12th Fl. No. 62, Sec. 1, Fu Hsing South Rd.
Taipei, Taiwan R.O.C. |
Production Information
l
Subject
is a manufacturer of zippers and related products and it is introduced that
subject can produce 10 million feet of long chain zippers per month.
l
Subject can
supply OEM service.
Purchase Information
l
The major registered activities of
subject:
|
Business
Code |
Details
|
|
A101020 |
Planting
of corps |
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A102020 |
Processing
of agricultural products |
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C301010 |
Yarn
Spinning |
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C302010 |
Fabric
Knitting |
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C305010 |
Printing
and dyeing industry |
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C306010 |
|
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CZ99020 |
Zipper
and buttons manufacturing |
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F102170 |
Wholesales
of food and groceries |
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F113010 |
Wholesales
of machinery |
|
F203010 |
Retail
of food and groceries and beverage. |
|
F213080 |
Retails
of Machinery and mechanical appliances |
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F401010 |
International
Trading Business |
|
ZZ99999 |
Besides
licensed business, all other business items those are not banned or
restricted. |
l
Subject
purchases ram materials mainly from domestic suppliers.
l
The
subject is mainly engaged in sales of zippers and related products
l
Subject’s
products are mainly sold in overseas market and it is introduced that subject’s
major sales regions include USA, Canada, Japan, Western Europe, etc
Major products sold
|
1 |
Polyester
zippers |
|
2 |
Plastic
molded zippers |
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3 |
Invisible zippers |
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4 |
Metal
zippers |
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5 |
Sliders and zipper components |
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6 |
Raw
materials for making zippers |
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7 |
Zipper
machines and parts |
Import and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase
|
Payment
Terms |
Proportion |
|
|
Raw materials
|
COD,
Credit Sales, etc |
100% |
Foreign
Purchase
Subject has little
import business.
Sales
Domestic
Markets
Subject’s sales mainly
focus on the overseas market.
Export
|
Sales
Terms |
Proportion |
|
|
Zippers
and related products |
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 declined to
disclose its financials citing the grounds of company’s confidentiality; from
other source we can not obtain the relevant information, either.
Bankers
Subject declined to
disclose its bank details; 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
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.18 |
|
UK Pound |
1 |
Rs.73.65 |
|
Euro |
1 |
Rs.64.95 |
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 |
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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 |
|
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 |
|
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 |
---- |
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.