|
Report Date : |
28.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
LE GALA INTERNATIONAL LTD. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
05.07.1991 |
|
|
|
|
Com. Reg. No.: |
86152835 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Import and trade of home textile |
|
|
|
|
No. of Employees : |
About 150 Employees |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
|
|
Supplied Address: |
|
|
Telephone Number: |
|
|
Fax Number: |
Notes:
The supplied name and address are incomplete, and the exact name and address are as above.
Subject was
incorporated on
|
Name |
Subscription
Amount |
|
Jingkuan Chen |
7,737,360 |
|
Huaiyu Zhang |
|
|
1,762,640 |
|
The information above is that of subject’s major shareholders.
Subject introduced that in Taiwan, it has about 30 store and in the mainland
of China, it also has some offices, but subject declined to disclose more
details about them.
Core
Management
|
1 |
|
|
Name |
Jingkuan Chen |
|
Position |
Board of Chairman |
|
2 |
|
|
Name |
Huizhen Xu |
|
Position |
Director |
|
3 |
|
|
Name |
Huaiyu Zhang |
|
Position |
Director |
|
4 |
|
|
Name |
Zhenming Chen |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 150 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
|
Production
Information
l
Subject is a trader of home textile without any
production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C399990 |
Manufacture of
other textile and the related products |
|
C306010 |
Clothing
Industry |
|
F401010 |
International
trade |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
The productions are purchased from abroad.
l
Subject is mainly engaged in trading of home
textile and the related products.
l
Subject introduced that it is an agent of many brands,
such as Pratesi, Yves Delorme, Royal Sateen, Dea and so on.
l
Subject also trades Kuan’s Living products, bed
linen for home.
l
Subject imports the products from abroad, and sells
the products to the domestic market.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Subject declined to disclose the purchase settlements information, and
from other sources, we couldn’t obtain the information, either.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Home textile and
the related products |
Cash, Check,
Credit Card, etc. |
100% |
Export
Subject seldom exports the products to abroad.
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. Gong declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
The bankers’ information is not available from the subject or other
sources.
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.
|
Name |
Ms. Gong |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.68 |
|
UK Pound |
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.