MIRA INFORM REPORT
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Report Date : |
13.01.2012 |
IDENTIFICATION DETAILS
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Name : |
LUFFA CO., LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
02.12.2002 |
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Com. Reg. No.: |
80301295 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Import and trade
of home decoration. |
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No. of Employees
: |
About 25 Employees |
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 10,000 |
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Status : |
Small Company |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
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: |
+886 2-2704-1798 |
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E-mail: |
Notes:
The exact name is as above.
The supplied address is not accurate, and the exact address is as above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification
Details
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Registered Name: |
Luffa Co., Ltd. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
80301295 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2012.1, 1 NTD = 0.03306 USD) |
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Paid-up Capital: |
NTD 1,500,000 (USD 49,590.9) |
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Legal Representatives: |
Jinhai Li |
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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: |
History
Subject was incorporated on
Shareholders
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Name |
Subscription Amount |
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Jinhai Li |
420,000 |
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Guoping Zhang |
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300,000 |
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Xiaoping Zhang |
420,000 |
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Zhiguan Lin |
180,000 |
The information above
is that of subject’s major shareholders.
Subsidiaries &
Branches
From other
sources, we found that subject has some stores located in Taiwan.
Personnel
Information
Core
Management
|
1 |
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Name |
Jinhai Li |
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Position |
Board Chairman |
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2 |
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Name |
Guoping Zhang |
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Position |
Director |
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3 |
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Name |
Xiaoping Zhang |
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Position |
Director |
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4 |
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Name |
Zhiguan Lin |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 25 Employees |
Operation
Information
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject is a importer and trader of home decoration
without any production activities
Purchase
Information
l
The registered activities of subject:
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Business Code |
Details |
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F101050 |
Wholesale of seafood |
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F101100 |
Wholesale of flowers |
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F101130 |
Wholesale of vegetable and fruit |
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F102030 |
Wholesale of tobacco and wines |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
l
The productions are mostly purchased from abroad.
l
Subject is engaged in importing and trading of home
decoration.
l
Subject introduced that it imports the products
from other countries, and trades in local Taiwan. But it declined to disclose
more details about it.
l
The main products include home-used cloth, carpet
and other home accessories.
l
The products’ feature is natural pure cotton
hand-making cloth.
l
Subject’s selling territory is local Taiwan.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Subject declined to disclose the purchase settlements information, and from
other sources, we couldn’t obtain the information, either.
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
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Home Decoration |
Cash, Transfer by check, COD |
100% |
Export
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 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
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Name |
N/A |
Note:
A lady declined to disclose her name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.83 |
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UK Pound |
1 |
Rs.79.42 |
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Euro |
1 |
Rs.65.90 |
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.