MIRA INFORM REPORT

 

 

Report Date :

02.04.2012

 

IDENTIFICATION DETAILS

 

Name :

TRI-VICT CO., LTD.

 

 

Registered Office :

67 Lane 37 Ho-Tso St. Feng-Yuan, Taichung

 

 

Country :

Taiwan

 

 

Date of Incorporation :

08.09.1992

 

 

Com. Reg. No.:

86941142

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacture of shoes

 

 

No. of Employees :

70

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 125,000

Status :

Satisfactory

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 30, 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:

Tri-Vict Co., Ltd.

Supplied Name:

Trivici Co Ltd.

Trading Address:

67 Lane 37 Ho-Tso St. Feng-Yuan, Taichung, Taiwan R.O.C

Supplied Address:

67 Lane 37 HO-TSO Stfeng Yuan Taichung Taiwan

Telephone Number:

+886-4-2533-9576

Fax Number:

+886-4-2534-4308  

E-mail:

ib@trivict.com 

Notes:

The exact name and address are as above.

 

 

Credit Summary

 

Credit Rating:

Maximum credit USD 125,000

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Tri-Vict Co., Ltd.

Registered Address:

2F.,1F., NO.827, SEC. 1, FENGYUAN BLVD., FENGYUAN DIST., TAICHUNG CITY, TAIWAN (R.O.C.)

Date of Foundation:

1992-9-8

Registration Number:

86941142

Registry:

MOEA Central Office

Registered Capital:

NTD 5,000,000 (USD 168,945)

(As of 2012.3, 1 NTD = 0.03379 USD)

Paid-up Capital:

NTD 5,000,000 (USD 168,945)

Legal Representatives:

Heshou Lin

Legal Form:

Joint Stock Company

Principal Activities:

Manufacture of shoes

Staff:

About 70 Employees

Listed at Stock Exchange:

No

Date of Last Annual Return:

2009-12-28

 

 

History

 

Subject was incorporated on 1992-9-8 with registered number 86941142 as Joint Stock Company in Taiwan.

 

 

Shareholders

 

           

Name

Subscription Shares

Heshou Lin

62,500

Suqin Hu

52,080

Birong Huang

62,500

Shixin Liu

52,080

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

 

 

Subsidiaries & Branches

 

Factories in Vietnam and Cambodia:

1

Name

GIANT-V CO., LTD.

Trading Address:

18/280 Lachtray St. Haiphong City Vietnam

Telephone Number:

+84-31-844475, 739932

Fax Number:

+84-31-848507

E-mail:

gv@trivict.com

2

Name

THANH HUNG CO., LTD.

Trading Address:

Rd No. 14 (Do Son) At Km.8, Haithanh Village, Kien Thuy District Haiphong City Vietnam

Telephone Number:

+84-31-860203

Fax Number:

+84-31-860204

E-mail:

tv@trivict.com

3

Name

G-FOREMOST CO., LTD.

Trading Address:

Rd No. 335 Hung Dao Millage, Kien Thuy District, Haiphong City, Vietnam

Telephone Number:

+84-31-580329

Fax Number:

+84-31-580298

E-mail:

gf@trivict.com

4

Name

G-FORMOST CO., LTD

Trading Address:

Kul Village , Kambol Commune , Ang Snuol District , Kandal Province , Kingdom Of Cambodia

Telephone Number:

+855-16-521888

Fax Number:

+855-23-218118 

 

 

Personnel Information

 

Core Management

 

Directors

1

Name

Heshou Lin

Position

Board of Chairman

2

Name

Suqin Hu

Position

Director

3

Name

Birong Huang

Position

Director

4

Name

Shixin Liu

Position

Supervisor

 

Personnel Structure

 

Total Employees

About 70 Employees

 

 

Operation Information

 

Offices & Factories

 

 

Headquarters

Add

67 Lane 37 Ho-Tso St. Feng-Yuan, Taichung, Taiwan R.O.C

 

Production Information

 

l         Subject is a manufacturer of shoes with the production activities

 

Purchase Information

 

l         The registered activities of subject:

Business Code

Details

C804020

Manufacture of rubber for industry

CK01010

Manufacture of shoes

F104020 

Wholesale of clothing

F104030 

Wholesale of shoes

F104040 

Wholesale of bags, suitcase, etc.

 

l         The raw materials for production are mostly purchased from local.

Sales Information

 

l         Subject is mainly engaged in manufacturing and trading of shoes.

l         Subject introduced that its main products include vulcanized, cemented, Goodyear welted, stitch-down, San Crispino construction, safety shoes and other construction shoes.

l         Subject introduced that its headquarter is located in Taiwan, and the factories of subject are located in Vietnam and Cambodia.

l         Subject introduced that its products has obtained the certification ISO 9000.

l         Subject’s selling territory covers many countries, such as America, Europe and so on.

 

Import and export right:

Import right

Yes

Export right

Yes

 

 

Settlements

 

Subject declined to disclose the settlements information, and from other sources, we couldn’t obtain the information, either.

 

 

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. Zhang declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

 

 

Bankers

 

The bankers’ information is not available from the subject or other sources.

 

 

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. Zhang


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.15

UK Pound

1

Rs.81.79

Euro

1

Rs.68.34

 

 

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.