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Report Date : |
24.08.2012 |
IDENTIFICATION DETAILS
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Name : |
HITEX TEXTILE CO., LTD. |
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Registered Office : |
No.89, Yufeng St., East Dist., Chiayi City 600 |
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Country : |
Taiwan |
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Date of Incorporation : |
03.05.2005 |
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Com. Reg. No.: |
27778720 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Developing, manufacturing and sales of fabrics |
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No. of Employees : |
About 30 Employees |
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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Status : |
Satisfactory |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No. 453, Sec. 2, Zhongshan Rd., Shuishang Township, Chiayi County,
Taiwan, R.O.C. |
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Supplied Address: |
Office No. 453 Sec. 2, Zhongshan Rd.,
Shuishang Township Chiayi County |
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Telephone Number: |
+886-5-260-1666 |
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Fax Number: |
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E-mail: |
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Credit Opinion: |
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Registered Name: |
Hitex Textile Co., Ltd. |
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Registered Address: |
No.89, Yufeng St., East Dist., Chiayi City 600, Taiwan (R.O.C.) |
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Date of Foundation: |
2005-5-3 |
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Registration Number: |
27778720 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
NTD 10,000,000 (USD
334,000) (As of 2012.08, 1 NTD = 0.0334 USD) |
|
Legal Representatives: |
Shenghong Wang |
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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: |
Subject was incorporated on
2005-5-3 with registered number 27778720
as Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Shenghong Wang |
5,000,000 |
The information above is that of subject’s major shareholders.
Core
Management
|
Name |
Shenghong Wang |
|
Position |
Director |
Personnel Structure
|
Total Employees |
About 30 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No. 453, Sec. 2,
Zhongshan Rd., Shuishang Township, Chiayi County, Taiwan, R.O.C. |
l
Subject is engaged in developing and manufacturing
of fabrics such as filament
fiber and interwoven fabrics.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
ZZ99999 |
Besides licensed business, all other business items
those are not banned or restricted. |
l
The raw materials for production are mostly
purchased in Taiwan domestic market.
l
Subject is engaged in sales of fabrics such as filament fiber and
interwoven fabrics.
l
Subject’s sales regions include Europe, America,
Asia, and Australia, etc.
l
Subject’s products are applied to work wear, horse
rug/rider wear, ski wear/down jacket, motor wear/ski motor wear, climbing
wear/finishing wear/marine suit, and fashion bags.
Major types of fabric
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|
Type |
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1 |
UV-Cut |
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2 |
D.W.R. |
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3 |
Windproof |
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4 |
Lightweight |
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5 |
Quick Dry |
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6 |
Stretch |
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7 |
Anti-stain |
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8 |
Anti-mite |
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9 |
Thermal |
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10 |
Breathable Waterproof |
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11 |
Hi-visibility |
|
12 |
Durability |
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
COD, CBD, etc |
100% |
Foreign Purchase
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Fabrics |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Fabrics |
CBD, etc |
100% |
Notes: Subject’s settlement for export is generally in USD
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. Wang declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.
Subject declined to disclose its bank details; from other source we cannot obtain the relevant information, either.
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 |
Mr. Wang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.19 |
|
UK Pound |
1 |
Rs.87.65 |
|
Euro |
1 |
Rs.69.16 |
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 |
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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 |
|
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.